Cole Credit Property Trust V 10-Q 13 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares shares in Millions	3 Months Ended
	Mar. 31, 2019	May 06, 2019
Document Information [Line Items]
Entity Registrant Name	Cole Credit Property Trust V, Inc.
Entity Central Index Key	0001580988
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		14.9
Class T Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1.9

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Real estate assets:
Land	$ 152,865	$ 156,365
Buildings and improvements	440,530	453,531
Intangible lease assets	83,877	86,385
Total real estate assets, at cost	677,272	696,281
Less: accumulated depreciation and amortization	(64,848)	(63,725)
Total real estate assets, net	612,424	632,556
Cash and cash equivalents	6,488	2,509
Restricted cash	410	397
Prepaid expenses, derivative assets and other assets	1,118	1,271
Rents and tenant receivables	8,316	8,065
Deferred costs, net	852	923
Assets held for sale	11,767	0
Total assets	641,375	645,721
LIABILITIES AND STOCKHOLDERS’ EQUITY
Credit facility and notes payable, net	348,629	348,492
Accrued expenses and accounts payable	3,933	2,820
Due to affiliates	2,021	2,108
Intangible lease liabilities, net	3,367	3,497
Distributions payable	2,234	2,220
Derivative liabilities, deferred rental income and other liabilities	3,141	3,122
Total liabilities	363,325	362,259
Commitments and contingencies
Redeemable common stock	10,482	10,473
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value per share; 10,000,000 shares authorized, none issued and outstanding	0	0
Capital in excess of par value	370,801	369,638
Accumulated distributions in excess of earnings	(101,953)	(96,485)
Accumulated other comprehensive loss	(1,449)	(333)
Total stockholders’ equity	267,568	272,989
Total liabilities, redeemable common stock and stockholders’ equity	641,375	645,721
Class A Common Stock
STOCKHOLDERS’ EQUITY
Common stock	150	150
Class T Common Stock
STOCKHOLDERS’ EQUITY
Common stock	$ 19	$ 19

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (shares)	10,000,000	10,000,000
Preferred stock, shares issued (shares)	0	0
Preferred stock, shares outstanding (shares)	0	0
Class A Common Stock
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	245,000,000	245,000,000
Common stock, shares issued (shares)	15,014,831	14,982,055
Common stock, shares outstanding (shares)	15,014,831	14,982,055
Class T Common Stock
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	245,000,000	245,000,000
Common stock, shares issued (shares)	1,938,207	1,914,878
Common stock, shares outstanding (shares)	1,938,207	1,914,878

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Rental and other property income	$ 13,683	$ 13,063
Operating expenses:
General and administrative	944	969
Property operating	811	731
Real estate tax	1,059	1,141
Advisory fees and expenses	1,512	1,446
Transaction-related	0	1
Depreciation and amortization	4,703	4,626
Total operating expenses	9,029	8,914
Loss on disposition of real estate, net	(50)	0
Operating income	4,604	4,149
Other expense:
Interest expense and other, net	(3,591)	(3,605)
Net income (loss)	1,013	544
Class A Common Stock
Other expense:
Net income (loss)	$ 986	$ 569
Basic and diluted weighted average number of common shares outstanding (shares)	15,013,479	14,366,573
Basic and diluted net income (loss) per common share (USD per shares)	$ 0.07	$ 0.04
Class T Common Stock
Other expense:
Net income (loss)	$ 27	$ (25)
Basic and diluted weighted average number of common shares outstanding (shares)	1,932,506	1,454,851
Basic and diluted net income (loss) per common share (USD per shares)	$ 0.01	$ (0.02)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 1,013	$ 544
Other comprehensive (loss) income
Unrealized (loss) gain on interest rate swaps	(847)	543
Amount of gain reclassified from other comprehensive income into income as interest expense and other, net	(269)	(24)
Total other comprehensive (loss) income	(1,116)	519
Total comprehensive (loss) income	$ (103)	$ 1,063

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Total	Class A Common Stock	Class T Common Stock	Common StockClass A Common Stock	Common StockClass T Common Stock	Capital in Excess of Par Value	Accumulated Distributions in Excess of Earnings	Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of accounting changes							$ (32)	$ 32
Balance (shares) at Dec. 31, 2017				14,241,888	1,347,920
Balance at Dec. 31, 2017	$ 272,418			$ 142	$ 13	$ 341,472	(70,022)	813
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (shares)				356,872	233,649
Issuance of common stock	15,016			$ 4	$ 3	15,009
Distributions declared on common stock – $0.39 per common share	(6,061)						(6,061)
Commissions on stock sales and related dealer manager fees	(844)					(844)
Other offering costs	(301)					(301)
Distribution and stockholder servicing fees	(225)					(225)
Redemptions of common stock (shares)				(118,012)
Redemptions of common stock	(2,792)			$ (1)		(2,791)
Changes in redeemable common stock	(45)					(45)
Comprehensive loss	1,063						544	519
Balance (shares) at Mar. 31, 2018				14,480,748	1,581,569
Balance at Mar. 31, 2018	278,229			$ 145	$ 16	352,275	(75,571)	1,364
Balance (shares) at Dec. 31, 2018		14,982,055	1,914,878	14,982,055	1,914,878
Balance at Dec. 31, 2018	272,989			$ 150	$ 19	369,638	(96,485)	(333)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (shares)				161,958	26,391.9
Issuance of common stock	4,253			$ 2	$ 0	4,251
Distributions declared on common stock – $0.39 per common share	(6,481)						(6,481)
Commissions on stock sales and related dealer manager fees	(74)					(74)
Other offering costs	(94)					(94)
Distribution and stockholder servicing fees	(11)					(11)
Redemptions of common stock (shares)				(129,181.88)	(3,063.3)
Redemptions of common stock	(2,922)			$ (2)	$ 0	(2,920)
Equity-based compensation	20					20
Changes in redeemable common stock	(9)					(9)
Comprehensive loss	(103)						1,013	(1,116)
Balance (shares) at Mar. 31, 2019		15,014,831	1,938,207	15,014,831	1,938,207
Balance at Mar. 31, 2019	$ 267,568			$ 150	$ 19	$ 370,801	$ (101,953)	$ (1,449)

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Distributions declared on common stock – $0.39 per common share	$ 0.39	$ 0.39

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 1,013	$ 544
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, net	4,722	4,678
Straight-line rental income, net	(312)	(235)
Amortization of deferred financing costs	209	254
Equity-based compensation	20	0
Loss on disposition of real estate assets, net	50	0
Write-off of deferred financing costs	0	148
Changes in assets and liabilities:
Rents and tenant receivables	57	298
Prepaid expenses and other assets	(360)	(66)
Accrued expenses and accounts payable	620	932
Deferred rental income and other liabilities	(672)	253
Due from affiliates	0	9
Due to affiliates	3	(225)
Net cash provided by operating activities	5,350	6,590
Cash flows from investing activities:
Investment in real estate assets and capital expenditures	(51)	(11,550)
Net proceeds from disposition of real estate assets	3,949	0
Refund of property escrow deposits	150	225
Net cash provided by (used in) investing activities	4,048	(11,325)
Cash flows from financing activities:
Proceeds from issuance of common stock	1,322	12,179
Redemptions of common stock	(2,922)	(2,792)
Offering costs on issuance of common stock	(168)	(1,145)
Distribution and stockholder servicing fees paid	(101)	(84)
Proceeds from credit facility and notes payable	4,500	229,000
Repayments of credit facility and notes payable	(4,500)	(226,000)
Distributions to stockholders	(3,536)	(3,165)
Deferred financing costs paid	(1)	(2,769)
Net cash (used in) provided by financing activities	(5,406)	5,224
Net increase in cash and cash equivalents and restricted cash	3,992	489
Cash and cash equivalents and restricted cash, beginning of period	2,906	1,519
Cash and cash equivalents and restricted cash, end of period	6,898	2,008
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:
Cash and cash equivalents	6,488	1,661
Total cash and cash equivalents and restricted cash	$ 2,906	$ 1,519

Organization and Business

Organization and Business	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	ORGANIZATION AND BUSINESS Cole Credit Property Trust V, Inc. (the “Company”) is a non-exchange traded real estate investment trust (“REIT”) formed as a Maryland corporation on December 12, 2012, that elected to be taxed, and currently qualifies, as a REIT for U.S. federal income tax purposes beginning with its taxable year ended December 31, 2014. The Company operates a diversified portfolio of c ommercial real estate assets primarily consisting of net leased properties located throughout the United States. As of March 31, 2019 , the Company owned 140 properties, comprising 3.4 million rentable square feet of commercial space located in 34 states. As of March 31, 2019 , the rentable space at these properties was 98.5% leased, including month-to-month agreements, if any. Substantially all of the Company’s business is conducted t hrough Cole Operating Partnership V, LP, a Delaware limited partnership, of which the Company is the sole general partner and owns, directly or indirectly, 100% of the partnership interests. The Company is externally managed by Cole REIT Management V, LLC, a Delaware limited liability company (“CR V Management”), an affiliate of CIM Group, LLC (“CIM”), a vertically-integrated owner and operator of real assets with multidisciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and asset management capabilities headquartered in Los Angeles, California with offices in Oakland, California; Bethesda, Maryland; Dallas, Texas; New York, New York; Chicago, Illinois; and Phoenix, Arizona. CCO Group, LLC owns and controls CR V Management, the Company’s advisor, and is the indirect owner of CCO Capital, LLC (“CCO Capital”), the Company’s dealer manager, and CREI Advisors, LLC (“CREI Advisors”), the Company’s property manager. CCO Group, LLC and its subsidiaries (collectively, “CCO Group”) serve as the Company’s sponsor and as a sponsor to Cole Credit Property Trust IV, Inc. (“CCPT IV”), Cole Office & Industrial REIT (CCIT II), Inc. (“CCIT II”), Cole Office & Industrial REIT (CCIT III), Inc. (“CCIT III”) and CIM Income NAV, Inc. (formerly known as Cole Real Estate Income Strategy (Daily NAV), Inc.) (“CIM Income NAV”). On March 17, 2014, the Company commenced its initial public offering (the “Initial Offering”) on a “best efforts” basis of up to a maximum of $2.975 billion in shares of a single class of common stock. The Initial Offering initially offered up to a maximum of $2.5 billion in shares of a single class of common stock (now referred to as Class A Shares as defined below) in the primary offering, as well as up to $475.0 million in additional shares pursuant to a distribution reinvestment plan (the “Original DRIP”). In March 2016, the Company reclassified a portion of its unissued Class A common stock (“Class A Shares”) as Class T common stock (“Class T Shares”) and commenced sales of Class T Shares thereafter upon receipt of the required regulatory approvals. On March 29, 2016, the Company’s board of directors (the “Board”) adopted an Amended and Restated Distribution Reinvestment Plan (the “First Amended and Restated DRIP”) in connection with the reinvestment of distributions paid on Class A Shares and Class T Shares. Pursuant to the First Amended and Restated DRIP, distributions on Class A Shares are reinvested in Class A Shares and distributions on Class T Shares are reinvested in Class T Shares. The First Amended and Restated DRIP became effective as of May 1, 2016. On August 1, 2017, the Company commenced a follow-on offering on a “best efforts” basis (the “Follow-on Offering”) of up to an aggregate of $1.2 billion in Class A Shares and Class T Shares in the primary portion of the Follow-on Offering (up to $660.0 million in Class A Shares and up to $540.0 million in Class T Shares) and an additional $300.0 million in shares of common stock pursuant to the Second Amended and Restated Distribution Reinvestment Plan (the “Second Amended and Restated DRIP”). Effective December 31, 2018, the primary portion of the Follow-On Offering was terminated, but the Company continued to issue Class A Shares and Class T Shares pursuant to the Second Amended and Restated DRIP portion of the Follow-on Offering. On March 28, 2019, the Company registered an aggregate of $68,740,000 of Class A Shares and Class T Shares under the Second Amended and Restated DRIP (collectively with the Original DRIP and the First Amended and Restated DRIP, the “DRIP”) pursuant to a Registration Statement on Form S-3 (Registration No. 333-230566) filed with the U.S. Securities and Exchange Commission (the “SEC”) (the “S-3 Registration Statement”), which was declared effective on April 5, 2019 (the “DRIP Offering,” and collectively with the Initial Offering and the Follow-on Offering, the “Offerings”). The Company ceased issuing shares in the Follow-on Offering on April 30 , 2019. The unsold Class A Shares and Class T Shares in the Follow-on Offering of $1.4 billion in the aggregate were subsequently deregistered. The Company began to issue Class A Shares and Class T Shares under the DRIP Offering on May 1, 2019 and will continue to issue shares under the DRIP Offering. As of March 31, 2019 , the Company had issued approximately 18.3 million shares of common stock in the Offerings, including 1.8 million shares issued in DRIP , for gross offering proceeds of $457.4 million ( $409.0 million in Class A Shares and $48.4 million in Class T Shares) before organization and offering costs, selling commissions, and dealer manager fees of $42.5 million . In addition, as of March 31, 2019 , the Company paid distribution and stockholder servicing fees for Class T Shares sold in the primary portion of the Offerings of $685,000 and accrued an estimated liability for future distribution and stockholder servicing fees payable of $1.2 million . The Board establishes an updated estimated per share net asset value (“NAV”) of the Company’s common stock on at least an annual basis for purposes of assisting broker-dealers that participated in the Offering in meeting their customer account reporting obligations under National Association of Securities Dealers Conduct Rule 2340. Distributions are reinvested in shares of the Company’s common stock under the DRIP at the estimated per share NAV as determined by the Board. Additionally, the estimated per share NAV as determined by the Board serves as the per share NAV for purposes of the share redemption program. On March 20, 2019, the Board established an updated estimated per share NAV of the Company’s common stock, using a valuation date of December 31, 2018, of $19.64 per share for both Class A Shares and Class T Shares. Commencing on March 26, 2019, distributions are reinvested in shares of the Company’s common stock under the Second Amended and Restated DRIP at a price of $19.64 per share for both Class A Shares and Class T Shares. The Board previously established a per share NAV as of February 29, 2016, December 31, 2016 and December 31, 2017. The Company’s estimated per share NAVs are not audited or reviewed by its independent registered public accounting firm.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The summary of significant accounting policies presented below is designed to assist in understanding the Company’s condensed consolidated financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”), in all material respects, and have been consistently applied in preparing the accompanying condensed consolidated financial statements. Principles of Consolidation and Basis of Presentation The condensed consolidated financial statements of the Company have been prepared in accordance with the rules and regulations of the SEC regarding interim financial reporting, including the instructions to Form 10-Q and Article 10 of Regulation S-X, and do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the statements for the interim periods presented include all adjustments, which are of a normal and recurring nature, necessary for a fair presentation of the results for such periods. Results for these interim periods are not necessarily indicative of full year results. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the Company’s audited consolidated financial statements as of and for the year ended December 31, 2018 , and related notes thereto, set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . The condensed consolidated financial statements should also be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in this Quarterly Report on Form 10-Q. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Reclassifications Certain amounts in the Company’s prior period condensed consolidated financial statements have been reclassified to conform to the current period presentation. In connection with the adoption of Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) , as defined in “Recent Accounting Pronouncements,” during the first quarter of fiscal year 2019, the Company is now combining rental income of $11.5 million and tenant reimbursement income of $1.6 million for the three months ended March 31, 2018 into a single line item, rental and other property income, on the condensed consolidated statements of operations. Additionally, the Company is combining bad debt expense of $148,000 and straight-line rental income of $383,000 for the three months ended March 31, 2018 into a single line item, straight line rental income, net in the condensed consolidated statements of cash flows. 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Real Estate Assets Real estate assets are stated at cost, less accumulated depreciation and amortization. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life. The estimated useful lives of the Company’s real estate assets by class are generally as follows: Buildings 40 years Site improvements 15 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term Recoverability of Real Estate Assets The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate assets may not be recoverable. Impairment indicators that the Company considers include, but are not limited to: bankruptcy or other credit concerns of a property’s major tenant, such as a history of late payments, rental concessions and other factors; a significant decrease in a property’s revenues due to lease terminations; vacancies; co-tenancy clauses; reduced lease rates; changes in anticipated holding periods; or other circumstances. When indicators of potential impairment are present, the Company assesses the recoverability of the assets by determining whether the carrying amount of the assets will be recovered through the undiscounted future cash flows expected from the use of the assets and their eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying amount, the Company will adjust the real estate assets to their respective fair values and recognize an impairment loss. Generally, fair value will be determined using a discounted cash flow analysis and recent comparable sales transactions. No impairment indicators were identified and no impairment losses were recorded during the three months ended March 31, 2019 or 2018 . The Company’s impairment assessment as of March 31, 2019 was based on the most current information available to the Company including expected holding periods. If the Company’s expected holding periods for assets change, subsequent tests for impairment could result in impairment charges in the future. The Company cannot provide any assurance that material impairment charges with respect to the Company’s real estate assets will not occur during 2019 or in future periods. Assets Held for Sale When a real estate asset is identified by the Company as held for sale, the Company will cease recording depreciation and amortization of the assets related to the property and estimate its fair value, net of selling costs. If, in management’s opinion, the fair value, net of selling costs, of the asset is less than the carrying amount of the asset, an adjustment to the carrying amount is then recorded to reflect the estimated fair value of the property, net of selling costs. During the three months ended March 31, 2019 , the Company identified one property with a carrying value of $11.8 million as held for sale, which was sold subsequent to March 31, 2019 , as discussed in Note 14 — Subsequent Events. There were no assets identified as held for sale as of December 31, 2018 . Disposition of Real Estate Assets Gains and losses from dispositions are recognized once the various criteria relating to the terms of sale and any subsequent involvement by the Company with the asset sold are met. A discontinued operation includes only the disposal of a component of an entity and represents a strategic shift that has (or will have) a major effect on an entity’s financial results. The disposition of the Company’s individual property did not qualify for discontinued operations presentation, and, thus, the results of operations of the disposed property will remain in operating income, and any associated gains or losses from the disposition will be included in loss on disposition of real estate, net. Allocation of Purchase Price of Real Estate Assets Upon the acquisition of real properties, the Company allocates the purchase price to acquired tangible assets, consisting of land, buildings and improvements, and to identified intangible assets and liabilities, consisting of the value of above- and below-market leases and the value of in-place leases and other intangibles, based in each case on their respective fair values. The Company utilizes independent appraisals to assist in the determination of the fair values of the tangible assets of an acquired property (which includes land and buildings). The information in the appraisal, along with any additional information available to the Company’s management, is used in estimating the amount of the purchase price that is allocated to land. Other information in the appraisal, such as building value and market rents, may be used by the Company’s management in estimating the allocation of purchase price to the building and to intangible lease assets and liabilities. The appraisal firm has no involvement in management’s allocation decisions other than providing this market information. The determination of the fair values of the real estate assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, capitalization and discount rates, interest rates and other variables. The use of alternative estimates may result in a different allocation of the Company’s purchase price, which could materially impact the Company’s results of operations. All real estate acquisitions in the periods presented qualified as asset acquisitions and, as such, acquisition-related fees and certain acquisition-related expenses related to these asset acquisitions were capitalized and allocated to tangible and intangible assets and liabilities, as described above. Restricted Cash The Company had $410,000 and $397,000 in restricted cash as of March 31, 2019 and December 31, 2018 , respectively. Included in restricted cash was $94,000 held by lenders in lockbox accounts as of both March 31, 2019 and December 31, 2018 . As part of certain debt agreements, rent from certain of the Company’s tenants is deposited directly into a lockbox account, from which the monthly debt service payments are disbursed to the lender and the excess funds are disbursed to the Company. Restricted cash also included $316,000 and $303,000 held by lenders in escrow accounts in accordance with the associated lender’s loan agreement as of March 31, 2019 and December 31, 2018 , respectively. Leases The Company has lease agreements with lease and non-lease components. The Company has elected to not separate non-lease components from lease components for all classes of underlying assets (primarily real estate assets) and will account for the combined components as rental and other property income. Non-lease components included in rental and other property income include certain tenant reimbursements for maintenance services (including common-area maintenance services or “CAM”), real estate taxes, insurance and utilities paid for by the lessor but consumed by the lessee. As a lessor, the Company has further determined that this policy will be effective only on a lease that has been classified as an operating lease and the revenue recognition pattern and timing is the same for both types of components. Therefore, Accounting Standards Codification Topic 842, Leases (“ASC 842”), will be applied to these lease contracts for both types of components. The Company does not have material leases where it is the lessee. Significant judgments and assumptions are inherent in not only determining if a contract contains a lease but also the lease classification, terms, payments, and, if needed, discount rates. Judgments include the nature of any options, such as if they will be exercised, evaluation of implicit discount rates and the assessment and consideration of “fixed” payments for straight-line rent revenue calculations. Lease costs represent the initial direct costs incurred in the origination, negotiation and processing of a lease agreement. Such costs include outside broker commissions and other independent third-party costs and are amortized over the life of the lease on a straight-line basis. Costs related to salaries and benefits, supervision, administration, unsuccessful origination efforts and other activities not directly related to completed lease agreements are expensed as incurred. Leasing commissions subsequent to successful lease execution are capitalized. Revenue Recognition Rental and other property income is primarily derived from fixed contractual payments from operating leases and, therefore, is generally recognized on a straight-line basis over the term of the lease, which typically begins the date the tenant takes control of the space. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purpose of this calculation. Variable rental and other property income consists primarily of tenant reimbursements for recoverable real estate taxes and operating expenses which are included in rental and other property income in the period when such costs are incurred, with offsetting expenses in real estate taxes and property operating expenses, respectively, within the condensed consolidated statements of operations. The Company defers the recognition of variable rental and other property income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. The Company continually reviews lease-related receivables, including any straight-line rent, and current and future operating expense reimbursements from tenants, and determines their 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. Upon the determination that the collectability of a receivable is not probable, the Company will record a reduction to rental and other property income for amounts previously recorded and a decrease in the outstanding receivable. Revenue from leases where collection is deemed to be less than probable is recorded on a cash basis until collectability becomes probable. Management’s estimate of the collectability of lease-related receivables is based on the best information available to management at the time of evaluation. Earnings (Loss) and Distributions Per Share The Company has two classes of common stock. Accordingly, the Company utilizes the two-class method to determine its earnings per share, which can result in different earnings per share for each of the classes. Under the two-class method, earnings per share of each class of common stock are computed by dividing the sum of the distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of shares for each class of common stock for the respective period. The distributed earnings to Class T Share common stockholders represents distributions declared less the distribution and stockholder servicing fees. Diluted income (loss) per share considers the effect of any potentially dilutive share equivalents, of which the Company had none for each of the three months ended March 31, 2019 and 2018 . Distributions per share are calculated based on the authorized daily distribution rate. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by various standard setting bodies that may have an impact on the Company’s accounting and reporting. Except as otherwise stated below, the Company is currently evaluating the effect that certain new accounting requirements may have on the Company’s accounting and related reporting and disclosures in the Company’s condensed consolidated financial statements. In February 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). The Company used the optional alternative transition method upon adoption of the new standard on January 1, 2019 and used the effective date as the date of initial application. Consequently, financial information was not updated and the disclosures required under the new standard are not provided for dates and periods before January 1, 2019. The Company elected the “package of practical expedients,” which permits the Company to not reassess under the new standard prior conclusions about lease identification, lease classification and initial direct costs. The adoption of ASU 2016-02 has not had a material impact on the accounting treatment and disclosure of the Company’s net leases, which are the primary source of the Company’s revenues. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”), which was subsequently amended by ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses (“ASU 2018-19”), in November 2018. ASU 2016-13 is intended to improve financial reporting requiring more timely recognition of credit losses on loans and other financial instruments that are not accounted for at fair value through net income, including loans held for investment, held-to-maturity debt securities, net investment in leases and other such commitments. ASU 2016-13 requires that financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The amendments in ASU 2016-13 require the Company to measure all expected credit losses based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets and eliminates the “incurred loss” methodology under current GAAP. ASU 2018-19 clarified that receivables arising from operating leases are not within the scope of Topic 326. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases. ASU 2016-13 and ASU 2018-19 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2018. The Company is currently evaluating the impact this amendment will have on its condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). This ASU amends and removes several disclosure requirements including the valuation processes for Level 3 fair value measurements. ASU 2018-13 also modifies some disclosure requirements and requires additional disclosures for changes in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements and requires the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The provisions of ASU 2018-13 are effective January 1, 2020 using a prospective transition method for amendments effecting changes in unrealized gains and losses, significant unobservable inputs used to develop Level 3 fair value measurements and narrative description on uncertainty of measurements. The remaining provisions of the ASU are to be applied retrospectively, and early adoption is permitted. The Company is evaluating the impact of this ASU’s adoption, and does not believe this ASU will have a material impact on its condensed consolidated financial statements. In October 2018, the FASB issued ASU No. 2018-16, Inclusion of the Secured Overnight Financing Rate (“SOFR”) Overnight Index Swap (“OIS”) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2018-16”). The amendments in this ASU permit the use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes. The SOFR is a volume-weighted median interest rate that is calculated daily based on overnight transactions from the prior day’s activity in specified segments of the U.S. Treasury repo market. It has been selected as the preferred replacement for the U.S. dollar London Interbank Offered Rate (“LIBOR”), which will be phased out by the end of 2021. ASU 2018-16 is effective for public entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. ASU 2018-16 is required to be adopted on a prospective basis for qualifying new or redesignated hedging relationships entered into on or after the date of adoption. The Company currently uses LIBOR as its benchmark interest rate in the Company’s interest rate swaps associated with the Company’s LIBOR-based variable rate borrowings. The Company has not entered into any new or redesignated hedging relationships on or after the date of adoption of ASU 2018-16; as such, the Company is currently evaluating the potential effect this new benchmark interest rate option will have on its condensed consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities . The guidance changes the guidance for determining whether a decision-making fee is a variable interest. Under the new ASU, indirect interests held through related parties under common control will now be considered on a proportional basis when determining whether fees paid to decision makers and service providers are variable interests. Such indirect interests were previously treated the same as direct interests. This ASU is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. The Company is currently assessing the impact that adopting this new standard will have on its condensed consolidated financial statements and footnote disclosures.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS GAAP defines fair value, establishes a framework for measuring fair value and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows: Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs). Level 3 — Unobservable inputs, which are only used to the extent that observable inputs are not available, reflect the Company’s assumptions about the pricing of an asset or liability. The following describes the methods the Company uses to estimate the fair value of the Company’s financial assets and liabilities: Credit facility and notes payable — The fair value is estimated by discounting the expected cash flows based on estimated borrowing rates available to the Company as of the measurement date. Current and prior period liabilities’ carrying and fair values exclude net deferred financing costs. These financial instruments are valued using Level 2 inputs. As of March 31, 2019 , the estimated fair value of the Company’s debt was $351.2 million , compared to a carrying value of $350.6 million . The estimated fair value of the Company’s debt was $350.7 million as of December 31, 2018 , compared to a carrying value on that date of $350.6 million . Derivative instruments — The Company’s derivative instruments are comprised of interest rate swaps. All derivative instruments are carried at fair value and are valued using Level 2 inputs. The fair value of these instruments is determined using interest rate market pricing models. In addition, credit valuation adjustments are incorporated into the fair values to account for the Company’s potential nonperformance risk and the performance risk of the respective counterparties. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with those derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparties. However, as of March 31, 2019 and December 31, 2018 , the Company assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and determined that the credit valuation adjustments are not significant to the overall valuation of the Company’s derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. Other financial instruments — The Company considers the carrying values of its cash and cash equivalents, restricted cash, tenant receivables, accrued expenses and accounts payable , other liabilities, due to affiliates and distributions payable to approximate their fair values because of the short period of time between their origination and their expected realization as well as their highly-liquid nature. Due to the short-term maturities of these instruments, Level 1 inputs are utilized to estimate the fair value of these financial instruments. Considerable judgment is necessary to develop estimated fair values of financial assets and liabilities. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize, or be liable for, upon disposition of the financial assets and liabilities. As of March 31, 2019 and December 31, 2018 , there have been no transfers of financial assets or liabilities between fair value hierarchy levels. In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018 (in thousands): Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant March 31, 2019 (Level 1) (Level 2) (Level 3) Financial assets: Interest rate swaps $ 407 $ — $ 407 $ — Financial liability: Interest rate swap $ (1,856 ) $ — $ (1,856 ) $ — Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant December 31, 2018 (Level 1) (Level 2) (Level 3) Financial assets: Interest rate swaps $ 832 $ — $ 832 $ — Financial liability: Interest rate swap $ (1,165 ) $ — $ (1,165 ) $ —

Real Estate Assets

Real Estate Assets	3 Months Ended
	Mar. 31, 2019
Real Estate [Abstract]
REAL ESTATE ASSETS	REAL ESTATE ASSETS 2019 Property Acquisitions During the three months ended March 31, 2019 , the Company did not acquire any properties. 2019 Property Dispositions During the three months ended March 31, 2019 , the Company disposed of one retail property for an aggregate gross sales price of $4.0 million , resulting in net proceeds of $3.9 million after closing costs and disposition fees due to CR V Management or its affiliates and a net loss of $50,000 . The Company has no continuing involvement with the property. The loss on sale of real estate is included in loss on disposition of real estate, net in the condensed consolidated statements of operations. The disposition of this property did not qualify to be reported as discontinued operations since the disposition did not represent a strategic shift that had a major effect on the Company’s operations and financial results. Accordingly, the operating results of this disposed property is reflected in the Company’s results from continuing operations for all periods presented through its respective date of disposition. 2018 Property Acquisitions During the three months ended March 31, 2018 , the Company acquired two commercial properties for an aggregate purchase price of $11.5 million (the “ 2018 Asset Acquisitions”), which included $391,000 of acquisition-related expenses that were capitalized. The Company funded the 2018 Acquisitions with net proceeds from the Follow-on Offering and available borrowings. The following table summarizes the consideration transferred for the properties purchased during the three months ended March 31, 2018 (in thousands): 2018 Asset Acquisitions Land $ 1,762 Buildings and improvements 8,907 Acquired in-place leases and other intangibles (1) 793 Total purchase price $ 11,462 ______________________ (1) The weighted average amortization period for acquired in-place leases and other intangibles was 14.3 years.

Intangible Lease Assets and Lia

Intangible Lease Assets and Liabilities	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE LEASE ASSETS AND LIABILITIES	INTANGIBLE LEASE ASSETS AND LIABILITIES Intangible lease assets and liabilities as of March 31, 2019 and December 31, 2018 consisted of the following (in thousands, except weighted average life remaining): March 31, 2019 December 31, 2018 Intangible lease assets: In-place leases and other intangibles, net of accumulated amortization of $19,529 and $19,389, respectively (with a weighted average life remaining of 10.9 years and 11.1 years, respectively) $ 56,461 $ 58,387 Acquired above-market leases, net of accumulated amortization of $2,555 and $3,128, respectively (with a weighted average life remaining of 11.4 years and 11.1 years, respectively) 5,332 5,481 Total intangible lease assets, net $ 61,793 $ 63,868 Intangible lease liabilities: Acquired below-market leases, net of accumulated amortization of $2,027 and $1,897, respectively (with a weighted average life remaining of 8.7 years and 8.9 years, respectively) $ 3,367 $ 3,497 Amortization of the above-market leases is recorded as a reduction to rental and other property income, and amortization expense for the in-place leases and other intangibles is included in depreciation and amortization in the accompanying condensed consolidated statements of operations. Amortization of below-market leases is recorded as an increase to rental and other property income in the accompanying condensed consolidated statements of operations. The following table summarizes the amortization related to the intangible lease assets and liabilities for the three months ended March 31, 2019 and 2018 (in thousands): Three Months Ended March 31, 2019 2018 In-place lease and other intangible amortization $ 1,486 $ 1,616 Above-market lease amortization $ 149 $ 210 Below-market lease amortization $ 130 $ 158 Estimated amortization related to the intangible lease assets and liabilities as of March 31, 2019 is as follows (in thousands): Amortization In-Place Leases and Other Intangibles Above-Market Leases Below-Market Leases Remainder of 2019 $ 4,348 $ 418 $ 365 2020 $ 5,617 $ 515 $ 419 2021 $ 5,555 $ 499 $ 401 2022 $ 5,359 $ 488 $ 320 2023 $ 5,055 $ 478 $ 308

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES In the normal course of business, the Company uses certain types of derivative instruments for the purpose of managing or hedging its interest rate risk. During the three months ended March 31, 2019 , the Company did not enter into any interest rate swap agreements. As of March 31, 2019 , the Company had three interest rate swap agreements. The following table summarizes the terms of the Company’s executed interest rate swap agreements designated as hedging instruments as of March 31, 2019 and December 31, 2018 (dollar amounts in thousands): Balance Sheet Location Outstanding Notional Amount as of Interest Rate (1) Effective Date Maturity Date Fair Value of Assets and (Liabilities) as of March 31, 2019 March 31, 2019 December 31, 2018 Interest Rate Swaps Prepaid expenses, derivative assets and other assets $ 141,100 3.22% to 3.49% 12/31/2015 to 1/15/2016 4/25/2019 to 2/1/2021 $ 407 $ 832 Interest Rate Swap Derivative liabilities, deferred rental income and other liabilities $ 100,000 4.45% 5/23/2018 3/28/2022 $ (1,856 ) $ (1,165 ) ______________________ (1) The interest rates consist of the underlying index swapped to a fixed rate and the applicable interest rate spread as of March 31, 2019 . Additional disclosures related to the fair value of the Company’s derivative instruments are included in Note 3 — Fair Value Measurements. The notional amount under the interest rate swap agreements is an indication of the extent of the Company’s involvement in each instrument, but does not represent exposure to credit, interest rate or market risks. Accounting for changes in the fair value of a derivative instrument depends on the intended use and designation of the derivative instrument. The Company designated the interest rate swaps as cash flow hedges in order to hedge the variability of the anticipated cash flows on its variable rate debt. The change in fair value of the derivative instruments that are designated as hedges is recorded in other comprehensive (loss) income , with a portion of the amount subsequently reclassified to interest expense as interest payments are made on the Company’s variable rate debt. For the three months ended March 31, 2019 and 2018, the amounts reclassified were gains of $269,000 and $24,000 , respectively. During the next 12 months, the Company estimates that an additional $127,000 will be reclassified from other comprehensive (loss) income as a decrease to interest expense. The Company includes cash flows from interest rate swap agreements in cash flows provided by operating activities on its condensed consolidated statements of cash flows, as the Company’s accounting policy is to present cash flows from hedging instruments in the same category in its condensed consolidated statements of cash flows as the category for cash flows from the hedged items. The Company has agreements with each of its derivative counterparties that contain provisions whereby, if the Company defaults on certain of its unsecured indebtedness, the Company could also be declared in default on its derivative obligations, resulting in an acceleration of payment. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at an aggregate termination value, inclusive of interest payments, of $1.9 million , which includes accrued interest. In addition, the Company is exposed to credit risk in the event of non-performance by its derivative counterparties. The Company believes it mitigates its credit risk by entering into agreements with creditworthy counterparties. The Company records credit risk valuation adjustments on its interest rate swaps based on the credit quality of the Company and the respective counterparty. There were no termination events or events of default related to the interest rate swaps as of March 31, 2019 .

Credit Facility and Notes Payab

Credit Facility and Notes Payable	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
CREDIT FACILITY AND NOTES PAYABLE	CREDIT FACILITY AND NOTES PAYABLE As of March 31, 2019 , the Company had $348.6 million of debt outstanding, including net deferred financing costs, with a weighted average years to maturity of 3.7 years and a weighted average interest rate of 3.9% . The weighted average years to maturity is computed using the scheduled repayment date as specified in each loan agreement where applicable. The weighted average interest rate is computed using the interest rate in effect until the scheduled repayment date. Should a loan not be repaid by its scheduled repayment date, the applicable interest rate will increase as specified in the respective loan agreement until the extended maturity date. The following table summarizes the debt balances as of March 31, 2019 and December 31, 2018 , and the debt activity for the three months ended March 31, 2019 (in thousands): During the Three Months Ended March 31, 2019 Balance as of December 31, 2018 Debt Issuance, Net (1) Repayments and Modifications Accretion Balance as of Credit facility $ 258,000 $ 4,500 $ (4,500 ) $ — $ 258,000 Fixed rate debt 92,600 — — — 92,600 Total debt 350,600 4,500 (4,500 ) — 350,600 Deferred costs – credit facility (2) (1,668 ) — — 99 (1,569 ) Deferred costs – fixed rate debt (440 ) — — 38 (402 ) Total debt, net $ 348,492 $ 4,500 $ (4,500 ) $ 137 $ 348,629 ______________________ (1) Includes deferred financing costs incurred during the period. (2) Deferred costs related to the term portion of the Credit Facility, as defined below. As of March 31, 2019 , the fixed rate debt outstanding of $92.6 million included $21.1 million of variable rate debt that is fixed through interest rate swap agreements, which has the effect of fixing the variable interest rate per annum through the maturity date of the variable rate debt. The fixed rate debt has interest rates ranging from 3.5% to 4.5% per annum. The fixed rate debt outstanding matures on various dates from February 2021 to December 2024. The aggregate balance of gross real estate assets, net of gross intangible lease liabilities, securing the fixed rate debt outstanding was $156.5 million as of March 31, 2019 . Each of the mortgage notes payable comprising the fixed rate debt is secured by the respective properties on which the debt was placed. Credit Facility The Company has a credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. (“JPMorgan Chase”), as administrative agent, and the other lenders party thereto. The Credit Agreement allows for borrowings of up to $350.0 million (the “Credit Facility”). The Credit Facility includes $220.0 million in term loans (the “Term Loans”) and up to $130.0 million in revolving loans (the “Revolving Loans”). The Term Loans mature on March 27, 2023 and the Revolving Loans mature on March 28, 2022; however the Company may elect to extend the maturity date of the Revolving Loans to March 28, 2023 subject to satisfying certain conditions described in the Credit Agreement. Depending upon the type of loan specified and overall leverage ratio, the Credit Facility bears interest at (i) the one-month, two-month, three-month or six-month LIBOR multiplied by the statutory reserve rate (the “Adjusted LIBO Rate”) for the interest period plus an applicable rate ranging from 1.30% to 1.70% ; or (ii) a base rate ranging from 0.30% to 0.70% , plus the greater of: (a) JPMorgan Chase’s Prime Rate (as defined in the Credit Agreement); (b) the NYFRB Rate (as defined in the Credit Agreement) plus 0.50% ; or (c) the Adjusted LIBO Rate for a period of one month plus 1.0% . As of March 31, 2019 , the amounts outstanding under the Revolving Loans totaled $38.0 million at a weighted average interest rate of 4.1% . As of March 31, 2019 , the amounts outstanding under the Term Loans totaled $220.0 million , all of which was subject to interest rate swap agreements (the “Swapped Term Loan”). The interest rate swap agreements had the effect of fixing the Adjusted LIBO Rate per annum of the Swapped Term Loan at an all-in rate of 3.8% . The Company had $258.0 million of debt outstanding under the Credit Facility as of March 31, 2019 at a weighted average interest rate of 3.8% and $92.0 million in unused capacity, subject to borrowing availability. The Credit Agreement contains provisions with respect to covenants, events of default and remedies customary for facilities of this nature. In particular, the Credit Agreement requires the Company to maintain a minimum consolidated net worth not less than $225.0 million plus 75% of the equity interests issued by the Company, a net leverage ratio less than or equal to 60% , a fixed charge coverage ratio equal to or greater than 1.50 , an unsecured debt to unencumbered asset value ratio equal to or less than 60% , an unsecured debt service coverage ratio greater than 1.75 , a secured debt ratio equal to or less than 40% and recourse debt not greater than 15% of total asset value. The Company believes it was in compliance with the financial covenants of the Credit Agreement, as well as the financial covenants under the Company’s various fixed and variable rate debt agreements as of March 31, 2019 . Maturities The following table summarizes the scheduled aggregate principal repayments for the Company’s outstanding debt subsequent to March 31, 2019 (in thousands): Principal Repayments Remainder of 2019 $ — 2020 388 2021 68,009 2022 38,428 2023 220,448 Thereafter 23,327 Total $ 350,600

Supplemental Cash Flow

Supplemental Cash Flow	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURES	SUPPLEMENTAL CASH FLOW DISCLOSURES Supplemental cash flow disclosures for the three months ended March 31, 2019 and 2018 are as follows (in thousands): Three Months Ended March 31, 2019 2018 Supplemental Disclosures of Non-Cash Investing and Financing Activities: Common stock issued through distribution reinvestment plan $ 2,931 $ 2,837 Distributions declared and unpaid $ 2,234 $ 2,108 Change in accrued distribution and stockholder servicing fees $ 11 $ 225 Accrued capital expenditures $ 500 $ 2 Accrued deferred financing costs $ — $ 10 Change in fair value of interest rate swaps $ (1,116 ) $ 519 Supplemental Cash Flow Disclosures: Interest paid $ 3,334 $ 3,259 Cash paid for taxes $ 20 $ 1

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation In the ordinary course of business, the Company may become subject to litigation and claims. The Company is not aware of any material pending legal proceedings, other than ordinary routine litigation incidental to the Company’s business, to which the Company is a party or of which the Company’s properties are the subject. 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. In addition, the Company may own or acquire certain properties that are subject to environmental remediation. Generally, the seller of the property, the tenant of the property and/or another third party is responsible for environmental remediation costs related to a property. Additionally, in connection with the purchase of certain properties, the respective sellers and/or tenants may agree to indemnify the Company against future remediation costs. The Company also carries environmental liability insurance on its properties that provides limited coverage for any remediation liability and/or pollution liability for third-party bodily injury and/or property damage claims for which the Company may be liable. The Company is not aware of any environmental matters which it believes are reasonably likely to have a material effect on its results of operations, financial condition or liquidity.

Related-Party Transactions and

Related-Party Transactions and Arrangements	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS	RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS The Company has incurred, and will continue to incur, commissions, fees and expenses payable to CR V Management and certain of its affiliates in connection with the Offerings and the acquisition, management and disposition of its assets. Selling commissions and dealer manager fees In connection with the primary portion of the Follow-on Offering, which was terminated on December 31, 2018, CCO Capital, the Company’s dealer manager, which is affiliated with CR V Management, received selling commissions of up to 7.0% and 3.0% of gross offering proceeds from the primary portion of the Offerings for Class A Shares and Class T Shares, respectively, and before reallowance of selling commissions earned by participating broker-dealers. The Company has been advised that CCO Capital reallowed 100% of selling commissions earned to participating broker-dealers. In addition, CCO Capital received 2.0% of gross offering proceeds from the primary portion of the Offerings for both Class A Shares and Class T Shares as a dealer manager fee. CCO Capital, in its sole discretion, reallowed all or a portion of its dealer manager fee to participating broker-dealers. No selling commissions or dealer manager fees are paid to CCO Capital or other participating broker-dealers with respect to shares sold pursuant to the DRIP. Other organization and offering expenses All other organization and offering expenses associated with the sale of the Company’s common stock (excluding selling commissions, dealer manager fees and distribution and stockholder servicing fees) were paid by CR V Management or its affiliates and were reimbursed by the Company up to 2.0% of aggregate gross offering proceeds. A portion of the other organization and offering expenses may be considered to be underwriting compensation. As of March 31, 2019 , CR V Management had paid organization and offering expenses in excess of 2.0% of aggregate gross offering proceeds in connection with the Offerings. These excess amounts were not included in the condensed consolidated financial statements of the Company because such amounts were not a liability of the Company as they exceeded 2.0% of gross proceeds from the Offerings. Since the primary portion of the Follow-on Offering has been terminated, these excess amounts will not be paid. Distribution and stockholder servicing fees Through October 4, 2016, the Company paid CCO Capital a distribution and stockholder servicing fee for Class T Shares that was calculated on a daily basis in the amount of 1/365th of 0.8% of the estimated per share NAV of the Class T Shares sold in the primary portion of the Initial Offering. Beginning on October 5, 2016, the distribution and stockholder servicing fee is calculated on a daily basis in an amount equal to 1/365th of 1.0% of the estimated per share NAV of the Class T Shares sold in the primary portion of the Offerings. The distribution and stockholder servicing fee is paid monthly in arrears from cash flow from operations or, if the Company’s cash flow from operations is not sufficient to pay the distribution and stockholder servicing fee, from borrowings in anticipation of future cash flow. An estimated liability for future distribution and stockholder servicing fees payable to CCO Capital was recognized at the time each Class T Share was sold and included in due to affiliates in the condensed consolidated balance sheets with a corresponding decrease to capital in excess of par value. The Company will cease paying the distribution and stockholder servicing fee with respect to Class T Shares at the earliest of (i) the end of the month in which the total distribution and stockholder servicing fees paid by a stockholder within his or her individual account would be equal to 4.0% of the stockholder’s total gross investment amount at the time of the purchase of the primary Class T Shares held in such account, or a lower limit agreed upon between the dealer manager and the participating broker-dealer at the time such Class T Shares were sold; (ii) the date on which the aggregate underwriting compensation from all sources equals 10.0% of the gross proceeds from the sale of the Company’s shares, excluding shares sold pursuant to the DRIP; (iii) the fourth anniversary of the last day of the month in which the offering in which such Class T Shares were purchased (excluding the offering of shares pursuant to the DRIP) terminates; (iv) the date such Class T Share is no longer outstanding; and (v) the date the Company effects a liquidity event. CCO Capital may, in its discretion, reallow to participating broker-dealers all or a portion of the distribution and stockholder servicing fee for services that such participating broker-dealers perform in connection with the distribution of Class T Shares. At the time the Company ceases paying the distribution and stockholder servicing fee with respect to an outstanding Class T Share pursuant to the provisions above, such Class T Share will convert into a number of Class A Shares (including any fractional shares) with an equivalent net asset value as such Class T Share. The Company cannot predict when this will occur. No distribution and stockholder servicing fees are paid to CCO Capital or other participating broker-dealers with respect to shares sold pursuant to the DRIP. Acquisition fees and expenses The Company pays CR V Management or its affiliates acquisition fees of up to 2.0% of: (1) the contract purchase price of each property or asset the Company acquires; (2) the amount paid in respect of the development, construction or improvement of each asset the Company acquires; (3) the purchase price of any loan the Company acquires; and (4) the principal amount of any loan the Company originates. In addition, the Company reimburses CR V Management or its affiliates for insourced expenses incurred in the process of acquiring a property or the origination or acquisition of a loan, which are fixed on an annual basis at 0.5% of the contract purchase price of each property and 0.5% of the amount advanced for a loan or other investment, which will be prorated for any partial calendar year; provided, that acquisition expenses are not included in the contract purchase price of the property. Additionally, CR V Management or its affiliates are reimbursed for third-party acquisition-related expenses incurred in the process of acquiring properties, so long as the total acquisition fees and expenses relating to the transaction do not exceed 6.0% of the contract purchase price, unless otherwise approved by a majority of the Board, including a majority of the Company’s independent directors, as commercially competitive, fair and reasonable to the Company. Other transaction-related expenses, such as advisor reimbursements for disposition activities, are expensed as incurred and are included in transaction-related expenses on the condensed consolidated statements of operations. Advisory fees and expenses Pursuant to the advisory agreement with CR V Management, the Company pays CR V Management a monthly advisory fee based upon the Company’s monthly average asset value, which, effective January 1, 2019, is based on the estimated market value of such assets used to determine the Company’s estimated per share NAV as of December 31, 2018, as discussed in Note 1 — Organization and Business, and for those assets acquired subsequent to December 31, 2018, is based on the purchase price. The monthly advisory fee is equal to the following amounts: (1) an annualized rate of 0.75% paid on the Company’s average asset value that is between $0 and $2.0 billion ; (2) an annualized rate of 0.70% paid on the Company’s average asset value that is between $2.0 billion and $4.0 billion ; and (3) an annualized rate of 0.65% paid on the Company’s average asset value that is over $4.0 billion . Operating expenses The Company reimburses CR V Management, or its affiliates, for the expenses they paid or incurred in connection with the advisory and administrative services provided to the Company, subject to the limitation that the Company will not reimburse CR V Management or its affiliates for any amount by which the operating expenses (including the advisory fee) at the end of the four preceding fiscal quarters exceed the greater of: (1) 2.0% of average invested assets, or (2) 25.0% of net income excluding any additions to reserves for depreciation or other similar non-cash reserves and excluding any gain from the sale of assets for that period. The Company will not reimburse CR V Management or its affiliates for the salaries and benefits paid to personnel in connection with the services for which CR V Management or its affiliates receive acquisition fees, and the Company will not reimburse CR V Management for salaries and benefits paid to the Company’s executive officers. Disposition fees If CR V Management or its affiliates provide a substantial amount of services (as determined by a majority of the Company’s independent directors) in connection with the sale of one or more properties (or the Company’s entire portfolio), the Company will pay CR V Management or its affiliates a disposition fee in an amount equal to up to one-half of the real estate or brokerage commission paid by the Company to third parties on the sale of such property, not to exceed 1.0% of the contract price of the property sold; provided, however, in no event may the total disposition fees paid to CR V Management, its affiliates and unaffiliated third parties exceed the lesser of the customary competitive real estate commission or an amount equal to 6.0% of the contract sales price. In addition, if CR V Management or its affiliates provides a substantial amount of services (as determined by a majority of the Company’s independent directors) in connection with the sale of one or more assets other than properties, the Company may separately compensate CR V Management or its affiliates at such rates and in such amounts as the Board, including a majority of the Company’s independent directors, and CR V Management agree upon, not to exceed an amount equal to 1.0% of the contract price of the assets sold. Subordinated performance fees The Company will pay a subordinated performance fee in connection with one of the following alternative events: (1) if the Company’s shares are listed on a national securities exchange, CR V Management, or its affiliates, will be entitled to a subordinated performance fee equal to 15.0% of the amount, if any, by which (i) the market value of the Company’s outstanding stock plus distributions paid by the Company prior to listing, exceeds (ii) the sum of the total amount of capital raised from stockholders and the amount of distributions necessary to generate a 6.0% annual cumulative, non-compounded return to stockholders; (2) if the Company is sold or its assets are liquidated, CR V Management will be entitled to a subordinated performance fee equal to 15.0% of the net sale proceeds remaining after stockholders have received, from regular distributions plus special distributions paid from proceeds of such sale, a return of their net capital invested and a 6.0% annual cumulative, non-compounded return; or (3) upon termination of the advisory agreement, CR V Management may be entitled to a subordinated performance fee similar to the fee to which it would have been entitled had the portfolio been liquidated (based on an independent appraised value of the portfolio) on the date of termination. During the three months ended March 31, 2019 and 2018 , no subordinated performance fees were incurred related to any such events. The Company incurred commissions, fees and expense reimbursements as shown in the table below for services provided by CR V Management and its affiliates related to the services described above during the periods indicated (in thousands): Three Months Ended March 31, 2019 2018 Selling commissions $ 47 $ 600 Dealer manager fees $ 27 $ 244 Other organization and offering expenses $ 94 $ 301 Distribution and stockholder servicing fees (1) $ 101 $ 84 Acquisition fees and expenses $ — $ 277 Disposition fees $ 30 $ — Advisory fees and expenses $ 1,512 $ 1,446 Operating expenses $ 311 $ 450 ______________________ (1) Amounts are calculated for the respective period in accordance with the dealer manager agreement and exclude the estimated liability for future distribution and stockholder servicing fees payable to CCO Capital of $1.2 million and $1.3 million as of March 31, 2019 and 2018 , respectively, which is included in due to affiliates in the condensed consolidated balance sheets with a corresponding decrease to capital in excess of par value. Due to Affiliates As of March 31, 2019 and December 31, 2018 , $2.0 million and $2.1 million , respectively, were recorded for services and expenses incurred, but not yet reimbursed to CR V Management, or its affiliates. The amounts are primarily for advisory fees and operating expenses and distribution and stockholder servicing fees payable to CCO Capital. These amounts were included in due to affiliates in the condensed consolidated balance sheets for such periods.

Economic Dependency

Economic Dependency	3 Months Ended
	Mar. 31, 2019
Economic Dependency [Abstract]
ECONOMIC DEPENDENCY	ECONOMIC DEPENDENCY Under various agreements, the Company has engaged and may in the future engage CR V Management or its affiliates to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, the sale of shares of the Company’s common stock available for issuance, as well as other administrative responsibilities for the Company including accounting services and stockholder relations. As a result of these relationships, the Company is dependent upon CR V Management or its affiliates. In the event that these companies are unable to provide the Company with these services, the Company would be required to find alternative providers of these services. Services Agreement VEREIT Operating Partnership, L.P. (“VEREIT OP”), a former affiliated entity of the Company’s sponsor, was obligated to provide certain services to CCO Group and to the Company (the “Services Agreement”) through March 31, 2019 (or, if later, the date of the last government filing other than a tax filing made by the Company, CCIT II, CCIT III, CCPT IV and/or CIM Income NAV with respect to its 2018 fiscal year) (the “Initial Services Term”), and is obligated to provide consulting and research services through December 31, 2023, as requested by CCO Group, LLC. Prior to March 31, 2019, substantially all of the services that were provided by VEREIT OP during the Initial Services Term, including but not limited to any advisory, dealer manager and property management services were transitioned to, and are provided directly by, our sponsor, advisor, dealer manager or an affiliate thereof.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY Equity-Based Compensation On August 10, 2018, the Board approved the adoption of the Cole Credit Property Trust V, Inc. 2018 Equity Incentive Plan (the “Plan”), under which 400,000 of the Company’s common shares were reserved for issuance and share awards of 396,000 are available for future grant at March 31, 2019 . On October 1, 2018, the Company granted awards of approximately 1,200 restricted Class A Shares to each of the independent members of the Board (approximately 3,600 restricted shares in aggregate) under the Plan, which fully vest on October 1, 2019 based on one year of continuous service. As of March 31, 2019 , none of the restricted Class A Shares had vested or been forfeited. The fair value of the Company’s share awards is determined using the Company’s NAV per share on the date of grant. Compensation expense related to these restricted Class A Shares is recognized over the vesting period. The Company recorded compensation expense of $20,000 for the three months ended March 31, 2019 related to these restricted Class A Shares included in general and administrative expenses on the accompanying condensed consolidated statement of operations. As of March 31, 2019 , there was $39,000 of total unrecognized compensation expense related to these restricted Class A Shares, which will be recognized ratably over the remaining period of service prior to October 1, 2019.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	LEASES The Company’s real estate assets are leased to tenants under operating leases for which the terms, expirations and extension options vary. The Company’s operating leases do not convey to the lessee the right to purchase the underlying asset upon expiration of the lease period. To determine whether a contract contains a lease, the Company carefully reviews contracts to determine if the agreement conveys the right to control the use of an asset. The Company elected to apply the practical expedient for all of the Company’s leases to account for the lease and non-lease components as a single, combined operating lease component under ASC 842. Non-lease components primarily consist of maintenance services, including CAM, real estate taxes, insurance and utilities paid for by the lessor but consumed by the lessee. Non-lease components are considered to be variable rental and other property income and are recognized in the period incurred. As of March 31, 2019 , the leases had a weighted-average remaining term of 10.2 years. Certain leases include provisions to extend the lease agreements, options for early termination after paying a specified penalty, rights of first refusal to purchase the property at competitive market rates, and other negotiated terms and conditions. The Company retains substantially all of the risks and benefits of ownership of the real estate assets leased to tenants. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of March 31, 2019 , the future minimum rental income from the Company’s real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years and thereafter, was as follows (in thousands): Future Minimum Rental Income Remainder of 2019 $ 34,322 2020 45,279 2021 44,640 2022 43,135 2023 41,659 Thereafter 286,294 Total $ 495,329 As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, Topic 840, the following table summarizes the future minimum rental income from the Company’s real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years and thereafter, as of December 31, 2018 (in thousands): Year Ending December 31, Future Minimum Rental Income 2019 $ 47,588 2020 47,108 2021 46,541 2022 44,949 2023 43,351 Thereafter 291,483 Total $ 521,020 A certain amount of the Company’s rental and other property income is from tenants with leases which are subject to contingent rent provisions. These contingent rents are subject to the tenant achieving periodic revenues in excess of specified levels. For the three months ended March 31, 2019 and 2018 , the amount of the contingent rent earned by the Company was not significant . Rental and other property income during the three months ended March 31, 2019 and 2018 consisted of the following (in thousands): Three Months Ended March 31, 2019 2018 Fixed rental and other property income $ 12,124 $ 11,496 Variable rental and other property income 1,559 1,567 Total rental and other property income $ 13,683 $ 13,063

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The following events occurred subsequent to March 31, 2019 : Redemption of Shares of Common Stock Subsequent to March 31, 2019 , the Company redeemed approximate ly 148,000 shares for $2.9 million at an average per share price of $19.58 pursuant to the Company’s share redemption program. Management, in its discretion, limited the amount of shares redeemed for the three months ended March 31, 2019 to an amount equal to net proceeds the Company received from the sale of shares in the DRIP during the respective period. The remaining redemption requests received during the three months ended March 31, 2019 totaling approximately 293,000 shares went unfulfilled. Deregistration of the Offering On March 28, 2019, the Company registered an aggregate of $68,740,000 in shares of its common stock for the DRIP Offering pursuant to a Registration Statement on Form S-3 filed with the SEC, which was declared effective on April 5, 2019. The Company ceased issuing shares in the Follow-on Offering on April 30, 2019 . The unsold Class A Shares and Class T Shares in the Follow-on Offering of $1.4 billion in the aggregate were subsequently deregistered. The Company continues to issue Class A Shares and Class T Shares pursuant to the DRIP Offering. Acquisition of Real Estate Assets Subsequent to March 31, 2019 , the Company acquired one commercial property for an aggregate purchase price of $10.1 million , which was accounted for as an asset acquisition. The Company has not completed its initial purchase price allocation with respect to this property and therefore cannot provide similar disclosures to those included in Note 4 — Real Estate Assets in these condensed consolidated financial statements for this property . Property Dispositions Subsequent to March 31, 2019 , the Company disposed of four properties, including one property held for sale as of March 31, 2019 , for a gross sales price of $26.3 million , resulting in net proceeds of $25.6 million after closing costs and disposition fees due to CR V Management or its affiliates, and a loss of approximately $474,000 . The Company has no continuing involvement with these properties . Credit Facility and Notes Payable Subsequent to March 31, 2019 , the Company entered into an interest rate swap agreement associated with $120.0 million of the Term Loans that had the effect of fixing the Eurodollar Rate per annum beginning on April 25, 2019 through March 27, 2023 at 2.25% plus an interest rate spread.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Accounting	The summary of significant accounting policies presented below is designed to assist in understanding the Company’s condensed consolidated financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”), in all material respects, and have been consistently applied in preparing the accompanying condensed consolidated financial statements
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The condensed consolidated financial statements of the Company have been prepared in accordance with the rules and regulations of the SEC regarding interim financial reporting, including the instructions to Form 10-Q and Article 10 of Regulation S-X, and do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the statements for the interim periods presented include all adjustments, which are of a normal and recurring nature, necessary for a fair presentation of the results for such periods. Results for these interim periods are not necessarily indicative of full year results. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the Company’s audited consolidated financial statements as of and for the year ended December 31, 2018 , and related notes thereto, set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . The condensed consolidated financial statements should also be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in this Quarterly Report on Form 10-Q. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Certain amounts in the Company’s prior period condensed consolidated financial statements have been reclassified to conform to the current period presentation.
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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Real Estate Assets, Recoverability of Real Estate Assets, Assets Held for Sale and Disposition of Real Estate Assets	Real Estate Assets Real estate assets are stated at cost, less accumulated depreciation and amortization. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life. The estimated useful lives of the Company’s real estate assets by class are generally as follows: Buildings 40 years Site improvements 15 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term Recoverability of Real Estate Assets The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate assets may not be recoverable. Impairment indicators that the Company considers include, but are not limited to: bankruptcy or other credit concerns of a property’s major tenant, such as a history of late payments, rental concessions and other factors; a significant decrease in a property’s revenues due to lease terminations; vacancies; co-tenancy clauses; reduced lease rates; changes in anticipated holding periods; or other circumstances. When indicators of potential impairment are present, the Company assesses the recoverability of the assets by determining whether the carrying amount of the assets will be recovered through the undiscounted future cash flows expected from the use of the assets and their eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying amount, the Company will adjust the real estate assets to their respective fair values and recognize an impairment loss. Generally, fair value will be determined using a discounted cash flow analysis and recent comparable sales transactions. No impairment indicators were identified and no impairment losses were recorded during the three months ended March 31, 2019 or 2018 . The Company’s impairment assessment as of March 31, 2019 was based on the most current information available to the Company including expected holding periods. If the Company’s expected holding periods for assets change, subsequent tests for impairment could result in impairment charges in the future. The Company cannot provide any assurance that material impairment charges with respect to the Company’s real estate assets will not occur during 2019 or in future periods. Assets Held for Sale When a real estate asset is identified by the Company as held for sale, the Company will cease recording depreciation and amortization of the assets related to the property and estimate its fair value, net of selling costs. If, in management’s opinion, the fair value, net of selling costs, of the asset is less than the carrying amount of the asset, an adjustment to the carrying amount is then recorded to reflect the estimated fair value of the property, net of selling costs. During the three months ended March 31, 2019 , the Company identified one property with a carrying value of $11.8 million as held for sale, which was sold subsequent to March 31, 2019 , as discussed in Note 14 — Subsequent Events. There were no assets identified as held for sale as of December 31, 2018 . Disposition of Real Estate Assets Gains and losses from dispositions are recognized once the various criteria relating to the terms of sale and any subsequent involvement by the Company with the asset sold are met. A discontinued operation includes only the disposal of a component of an entity and represents a strategic shift that has (or will have) a major effect on an entity’s financial results. The disposition of the Company’s individual property did not qualify for discontinued operations presentation, and, thus, the results of operations of the disposed property will remain in operating income, and any associated gains or losses from the disposition will be included in loss on disposition of real estate, net.
Allocation of Purchase Price of Real Estate Assets	Allocation of Purchase Price of Real Estate Assets Upon the acquisition of real properties, the Company allocates the purchase price to acquired tangible assets, consisting of land, buildings and improvements, and to identified intangible assets and liabilities, consisting of the value of above- and below-market leases and the value of in-place leases and other intangibles, based in each case on their respective fair values. The Company utilizes independent appraisals to assist in the determination of the fair values of the tangible assets of an acquired property (which includes land and buildings). The information in the appraisal, along with any additional information available to the Company’s management, is used in estimating the amount of the purchase price that is allocated to land. Other information in the appraisal, such as building value and market rents, may be used by the Company’s management in estimating the allocation of purchase price to the building and to intangible lease assets and liabilities. The appraisal firm has no involvement in management’s allocation decisions other than providing this market information. The determination of the fair values of the real estate assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, capitalization and discount rates, interest rates and other variables. The use of alternative estimates may result in a different allocation of the Company’s purchase price, which could materially impact the Company’s results of operations. All real estate acquisitions in the periods presented qualified as asset acquisitions and, as such, acquisition-related fees and certain acquisition-related expenses related to these asset acquisitions were capitalized and allocated to tangible and intangible assets and liabilities, as described above.
Restricted Cash	Restricted Cash The Company had $410,000 and $397,000 in restricted cash as of March 31, 2019 and December 31, 2018 , respectively. Included in restricted cash was $94,000 held by lenders in lockbox accounts as of both March 31, 2019 and December 31, 2018 . As part of certain debt agreements, rent from certain of the Company’s tenants is deposited directly into a lockbox account, from which the monthly debt service payments are disbursed to the lender and the excess funds are disbursed to the Company. Restricted cash also included $316,000 and $303,000 held by lenders in escrow accounts in accordance with the associated lender’s loan agreement as of March 31, 2019 and December 31, 2018 , respectively.
Leases	Leases The Company has lease agreements with lease and non-lease components. The Company has elected to not separate non-lease components from lease components for all classes of underlying assets (primarily real estate assets) and will account for the combined components as rental and other property income. Non-lease components included in rental and other property income include certain tenant reimbursements for maintenance services (including common-area maintenance services or “CAM”), real estate taxes, insurance and utilities paid for by the lessor but consumed by the lessee. As a lessor, the Company has further determined that this policy will be effective only on a lease that has been classified as an operating lease and the revenue recognition pattern and timing is the same for both types of components. Therefore, Accounting Standards Codification Topic 842, Leases (“ASC 842”), will be applied to these lease contracts for both types of components. The Company does not have material leases where it is the lessee. Significant judgments and assumptions are inherent in not only determining if a contract contains a lease but also the lease classification, terms, payments, and, if needed, discount rates. Judgments include the nature of any options, such as if they will be exercised, evaluation of implicit discount rates and the assessment and consideration of “fixed” payments for straight-line rent revenue calculations. Lease costs represent the initial direct costs incurred in the origination, negotiation and processing of a lease agreement. Such costs include outside broker commissions and other independent third-party costs and are amortized over the life of the lease on a straight-line basis. Costs related to salaries and benefits, supervision, administration, unsuccessful origination efforts and other activities not directly related to completed lease agreements are expensed as incurred. Leasing commissions subsequent to successful lease execution are capitalized.
Revenue Recognition	Revenue Recognition Rental and other property income is primarily derived from fixed contractual payments from operating leases and, therefore, is generally recognized on a straight-line basis over the term of the lease, which typically begins the date the tenant takes control of the space. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purpose of this calculation. Variable rental and other property income consists primarily of tenant reimbursements for recoverable real estate taxes and operating expenses which are included in rental and other property income in the period when such costs are incurred, with offsetting expenses in real estate taxes and property operating expenses, respectively, within the condensed consolidated statements of operations. The Company defers the recognition of variable rental and other property income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. The Company continually reviews lease-related receivables, including any straight-line rent, and current and future operating expense reimbursements from tenants, and determines their 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. Upon the determination that the collectability of a receivable is not probable, the Company will record a reduction to rental and other property income for amounts previously recorded and a decrease in the outstanding receivable. Revenue from leases where collection is deemed to be less than probable is recorded on a cash basis until collectability becomes probable. Management’s estimate of the collectability of lease-related receivables is based on the best information available to management at the time of evaluation.
Earnings (Loss) and Distributions Per Share	Earnings (Loss) and Distributions Per Share The Company has two classes of common stock. Accordingly, the Company utilizes the two-class method to determine its earnings per share, which can result in different earnings per share for each of the classes. Under the two-class method, earnings per share of each class of common stock are computed by dividing the sum of the distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of shares for each class of common stock for the respective period. The distributed earnings to Class T Share common stockholders represents distributions declared less the distribution and stockholder servicing fees. Diluted income (loss) per share considers the effect of any potentially dilutive share equivalents, of which the Company had none for each of the three months ended March 31, 2019 and 2018 . Distributions per share are calculated based on the authorized daily distribution rate.
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by various standard setting bodies that may have an impact on the Company’s accounting and reporting. Except as otherwise stated below, the Company is currently evaluating the effect that certain new accounting requirements may have on the Company’s accounting and related reporting and disclosures in the Company’s condensed consolidated financial statements. In February 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). The Company used the optional alternative transition method upon adoption of the new standard on January 1, 2019 and used the effective date as the date of initial application. Consequently, financial information was not updated and the disclosures required under the new standard are not provided for dates and periods before January 1, 2019. The Company elected the “package of practical expedients,” which permits the Company to not reassess under the new standard prior conclusions about lease identification, lease classification and initial direct costs. The adoption of ASU 2016-02 has not had a material impact on the accounting treatment and disclosure of the Company’s net leases, which are the primary source of the Company’s revenues. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”), which was subsequently amended by ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses (“ASU 2018-19”), in November 2018. ASU 2016-13 is intended to improve financial reporting requiring more timely recognition of credit losses on loans and other financial instruments that are not accounted for at fair value through net income, including loans held for investment, held-to-maturity debt securities, net investment in leases and other such commitments. ASU 2016-13 requires that financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The amendments in ASU 2016-13 require the Company to measure all expected credit losses based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets and eliminates the “incurred loss” methodology under current GAAP. ASU 2018-19 clarified that receivables arising from operating leases are not within the scope of Topic 326. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases. ASU 2016-13 and ASU 2018-19 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2018. The Company is currently evaluating the impact this amendment will have on its condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). This ASU amends and removes several disclosure requirements including the valuation processes for Level 3 fair value measurements. ASU 2018-13 also modifies some disclosure requirements and requires additional disclosures for changes in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements and requires the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The provisions of ASU 2018-13 are effective January 1, 2020 using a prospective transition method for amendments effecting changes in unrealized gains and losses, significant unobservable inputs used to develop Level 3 fair value measurements and narrative description on uncertainty of measurements. The remaining provisions of the ASU are to be applied retrospectively, and early adoption is permitted. The Company is evaluating the impact of this ASU’s adoption, and does not believe this ASU will have a material impact on its condensed consolidated financial statements. In October 2018, the FASB issued ASU No. 2018-16, Inclusion of the Secured Overnight Financing Rate (“SOFR”) Overnight Index Swap (“OIS”) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2018-16”). The amendments in this ASU permit the use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes. The SOFR is a volume-weighted median interest rate that is calculated daily based on overnight transactions from the prior day’s activity in specified segments of the U.S. Treasury repo market. It has been selected as the preferred replacement for the U.S. dollar London Interbank Offered Rate (“LIBOR”), which will be phased out by the end of 2021. ASU 2018-16 is effective for public entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. ASU 2018-16 is required to be adopted on a prospective basis for qualifying new or redesignated hedging relationships entered into on or after the date of adoption. The Company currently uses LIBOR as its benchmark interest rate in the Company’s interest rate swaps associated with the Company’s LIBOR-based variable rate borrowings. The Company has not entered into any new or redesignated hedging relationships on or after the date of adoption of ASU 2018-16; as such, the Company is currently evaluating the potential effect this new benchmark interest rate option will have on its condensed consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities . The guidance changes the guidance for determining whether a decision-making fee is a variable interest. Under the new ASU, indirect interests held through related parties under common control will now be considered on a proportional basis when determining whether fees paid to decision makers and service providers are variable interests. Such indirect interests were previously treated the same as direct interests. This ASU is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. The Company is currently assessing the impact that adopting this new standard will have on its condensed consolidated financial statements and footnote disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Estimated Useful Lives of Real Estate Assets by Class	The estimated useful lives of the Company’s real estate assets by class are generally as follows: Buildings 40 years Site improvements 15 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018 (in thousands): Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant March 31, 2019 (Level 1) (Level 2) (Level 3) Financial assets: Interest rate swaps $ 407 $ — $ 407 $ — Financial liability: Interest rate swap $ (1,856 ) $ — $ (1,856 ) $ — Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant December 31, 2018 (Level 1) (Level 2) (Level 3) Financial assets: Interest rate swaps $ 832 $ — $ 832 $ — Financial liability: Interest rate swap $ (1,165 ) $ — $ (1,165 ) $ —

Real Estate Assets (Tables)

Real Estate Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Real Estate [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the consideration transferred for the properties purchased during the three months ended March 31, 2018 (in thousands): 2018 Asset Acquisitions Land $ 1,762 Buildings and improvements 8,907 Acquired in-place leases and other intangibles (1) 793 Total purchase price $ 11,462 ______________________ (1) The weighted average amortization period for acquired in-place leases and other intangibles was 14.3 years.

Intangible Lease Assets and L_2

Intangible Lease Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of finite-lived intangible assets	Intangible lease assets and liabilities as of March 31, 2019 and December 31, 2018 consisted of the following (in thousands, except weighted average life remaining): March 31, 2019 December 31, 2018 Intangible lease assets: In-place leases and other intangibles, net of accumulated amortization of $19,529 and $19,389, respectively (with a weighted average life remaining of 10.9 years and 11.1 years, respectively) $ 56,461 $ 58,387 Acquired above-market leases, net of accumulated amortization of $2,555 and $3,128, respectively (with a weighted average life remaining of 11.4 years and 11.1 years, respectively) 5,332 5,481 Total intangible lease assets, net $ 61,793 $ 63,868 Intangible lease liabilities: Acquired below-market leases, net of accumulated amortization of $2,027 and $1,897, respectively (with a weighted average life remaining of 8.7 years and 8.9 years, respectively) $ 3,367 $ 3,497
Schedule of finite-lived intangible assets amortization expense	The following table summarizes the amortization related to the intangible lease assets and liabilities for the three months ended March 31, 2019 and 2018 (in thousands): Three Months Ended March 31, 2019 2018 In-place lease and other intangible amortization $ 1,486 $ 1,616 Above-market lease amortization $ 149 $ 210 Below-market lease amortization $ 130 $ 158
Schedule of finite-lived intangible assets, future amortization expense	Estimated amortization related to the intangible lease assets and liabilities as of March 31, 2019 is as follows (in thousands): Amortization In-Place Leases and Other Intangibles Above-Market Leases Below-Market Leases Remainder of 2019 $ 4,348 $ 418 $ 365 2020 $ 5,617 $ 515 $ 419 2021 $ 5,555 $ 499 $ 401 2022 $ 5,359 $ 488 $ 320 2023 $ 5,055 $ 478 $ 308

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table summarizes the terms of the Company’s executed interest rate swap agreements designated as hedging instruments as of March 31, 2019 and December 31, 2018 (dollar amounts in thousands): Balance Sheet Location Outstanding Notional Amount as of Interest Rate (1) Effective Date Maturity Date Fair Value of Assets and (Liabilities) as of March 31, 2019 March 31, 2019 December 31, 2018 Interest Rate Swaps Prepaid expenses, derivative assets and other assets $ 141,100 3.22% to 3.49% 12/31/2015 to 1/15/2016 4/25/2019 to 2/1/2021 $ 407 $ 832 Interest Rate Swap Derivative liabilities, deferred rental income and other liabilities $ 100,000 4.45% 5/23/2018 3/28/2022 $ (1,856 ) $ (1,165 ) ______________________ (1) The interest rates consist of the underlying index swapped to a fixed rate and the applicable interest rate spread as of March 31, 2019 .

Credit Facility and Notes Pay_2

Credit Facility and Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes the debt balances as of March 31, 2019 and December 31, 2018 , and the debt activity for the three months ended March 31, 2019 (in thousands): During the Three Months Ended March 31, 2019 Balance as of December 31, 2018 Debt Issuance, Net (1) Repayments and Modifications Accretion Balance as of Credit facility $ 258,000 $ 4,500 $ (4,500 ) $ — $ 258,000 Fixed rate debt 92,600 — — — 92,600 Total debt 350,600 4,500 (4,500 ) — 350,600 Deferred costs – credit facility (2) (1,668 ) — — 99 (1,569 ) Deferred costs – fixed rate debt (440 ) — — 38 (402 ) Total debt, net $ 348,492 $ 4,500 $ (4,500 ) $ 137 $ 348,629 ______________________ (1) Includes deferred financing costs incurred during the period. (2) Deferred costs related to the term portion of the Credit Facility, as defined below.
Schedule of Maturities of Long-term Debt	The following table summarizes the scheduled aggregate principal repayments for the Company’s outstanding debt subsequent to March 31, 2019 (in thousands): Principal Repayments Remainder of 2019 $ — 2020 388 2021 68,009 2022 38,428 2023 220,448 Thereafter 23,327 Total $ 350,600

Supplemental Cash Flow (Tables)

Supplemental Cash Flow (Tables)	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Disclosures	Supplemental cash flow disclosures for the three months ended March 31, 2019 and 2018 are as follows (in thousands): Three Months Ended March 31, 2019 2018 Supplemental Disclosures of Non-Cash Investing and Financing Activities: Common stock issued through distribution reinvestment plan $ 2,931 $ 2,837 Distributions declared and unpaid $ 2,234 $ 2,108 Change in accrued distribution and stockholder servicing fees $ 11 $ 225 Accrued capital expenditures $ 500 $ 2 Accrued deferred financing costs $ — $ 10 Change in fair value of interest rate swaps $ (1,116 ) $ 519 Supplemental Cash Flow Disclosures: Interest paid $ 3,334 $ 3,259 Cash paid for taxes $ 20 $ 1

Related-Party Transactions an_2

Related-Party Transactions and Arrangements (Tables)	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The Company incurred commissions, fees and expense reimbursements as shown in the table below for services provided by CR V Management and its affiliates related to the services described above during the periods indicated (in thousands): Three Months Ended March 31, 2019 2018 Selling commissions $ 47 $ 600 Dealer manager fees $ 27 $ 244 Other organization and offering expenses $ 94 $ 301 Distribution and stockholder servicing fees (1) $ 101 $ 84 Acquisition fees and expenses $ — $ 277 Disposition fees $ 30 $ — Advisory fees and expenses $ 1,512 $ 1,446 Operating expenses $ 311 $ 450 ______________________ (1) Amounts are calculated for the respective period in accordance with the dealer manager agreement and exclude the estimated liability for future distribution and stockholder servicing fees payable to CCO Capital of $1.2 million and $1.3 million as of March 31, 2019 and 2018 , respectively, which is included in due to affiliates in the condensed consolidated balance sheets with a corresponding decrease to capital in excess of par value.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Schedule of future minimum rental payments for operating leases - ASC 842	As of March 31, 2019 , the future minimum rental income from the Company’s real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years and thereafter, was as follows (in thousands): Future Minimum Rental Income Remainder of 2019 $ 34,322 2020 45,279 2021 44,640 2022 43,135 2023 41,659 Thereafter 286,294 Total $ 495,329
Schedule of future minimum rental payments for operating leases - ASC 840	As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, Topic 840, the following table summarizes the future minimum rental income from the Company’s real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years and thereafter, as of December 31, 2018 (in thousands): Year Ending December 31, Future Minimum Rental Income 2019 $ 47,588 2020 47,108 2021 46,541 2022 44,949 2023 43,351 Thereafter 291,483 Total $ 521,020
Schedule of rental and other property income	Rental and other property income during the three months ended March 31, 2019 and 2018 consisted of the following (in thousands): Three Months Ended March 31, 2019 2018 Fixed rental and other property income $ 12,124 $ 11,496 Variable rental and other property income 1,559 1,567 Total rental and other property income $ 13,683 $ 13,063

Organization and Business (Real

Organization and Business (Real Estate) (Details) ft² in Millions	Mar. 31, 2019ft²stateproperty
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of owned properties (property) | property	140
Rentable square feet (sqft) | ft²	3.4
Number of states in which entity owns properties (state) | state	34
Percentage of rentable space leased (percent)	98.50%

Organization and Business (Shar

Organization and Business (Shares Offering) (Details) - USD ($) $ / shares in Units, shares in Millions	3 Months Ended		60 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Apr. 30, 2019	Mar. 28, 2019	Mar. 26, 2019	Dec. 31, 2018	Aug. 01, 2017	Mar. 17, 2014	Feb. 07, 2014
Class of Stock [Line Items]
Issuance of common stock	$ 4,253,000	$ 15,016,000
Due to affiliates	2,021,000		$ 2,021,000				$ 2,108,000
Net asset value per share (USD per share)							$ 19.64
Distribution and stockholder servicing fees | Advisors
Class of Stock [Line Items]
Related party transaction, expenses from transactions with related party	101,000	84,000
Due to affiliates	$ 1,200,000	$ 1,300,000	1,200,000
Class T Common Stock | Distribution and stockholder servicing fees | Advisors
Class of Stock [Line Items]
Related party transaction, expenses from transactions with related party			$ 685,000
IPO
Class of Stock [Line Items]
Common stock, shares authorized								$ 1,200,000,000	$ 2,975,000,000
Number of shares issued	18.3		18.3
Issuance of common stock			$ 457,400,000
Organization and offering costs, selling commissions and dealer manager fees			42,500,000
IPO | Class A Common Stock
Class of Stock [Line Items]
Common stock, shares authorized								660,000,000		$ 2,500,000,000
Issuance of common stock			409,000,000
IPO | Class T Common Stock
Class of Stock [Line Items]
Common stock, shares authorized								540,000,000
Issuance of common stock			$ 48,400,000
Distribution reinvestment plan
Class of Stock [Line Items]
Common stock, shares authorized					$ 68,740,000			$ 300,000,000
Number of shares issued	1.8		1.8
Distribution reinvestment plan | Class A Common Stock
Class of Stock [Line Items]
Common stock, shares authorized										$ 475,000,000
Share price (USD per share)						$ 19.64
Distribution reinvestment plan | Class T Common Stock
Class of Stock [Line Items]
Share price (USD per share)						$ 19.64
Cole Operating Partnership V, LP
Class of Stock [Line Items]
General partner partnership interest (percent)	100.00%
Subsequent Event | IPO
Class of Stock [Line Items]
Shares deregistered				$ 1,400,000,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Reclassifications) (Details)	3 Months Ended
	Mar. 31, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Rental income	$ (13,063,000)
Reclassification
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Rental income	11,500,000
Tenant reimbursement income	1,600,000
Bad debt expense	148,000
Straight-line rental income	$ 383,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Real Estate) (Details)	3 Months Ended
	Mar. 31, 2019USD ($)property	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Real Estate
Impairment of real estate	$ 0	$ 0
Number of real estate asset held for sale | property	1
Real estate held-for-sale	$ 11,800,000		$ 0
Building
Real Estate
Useful life	40 years
Site Improvements
Real Estate
Useful life	15 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Restricted Cash) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Restricted Cash and Cash Equivalents
Restricted cash	$ 410	$ 397	$ 347
Restricted Lockbox Accounts
Restricted Cash and Cash Equivalents
Restricted cash	94	94
Escrow Deposits
Restricted Cash and Cash Equivalents
Restricted cash	$ 316	$ 303

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Other) (Details)	3 Months Ended
	Mar. 31, 2019class_of_stockshares	Mar. 31, 2018shares
Earnings Per Share
Number of classes of common stock | class_of_stock	2
Potentially dilutive share equivalents (shares) | shares	0	0

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - Fair value, measurements, recurring - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Estimate of fair value | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt outstanding	$ 351.2	$ 350.7
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt outstanding	$ 350.6	$ 350.6

Fair Value Measurements (Financ

Fair Value Measurements (Financial Assets and Liabilities Measured on a Recurring Basis) (Details) - Fair value, measurements, recurring - Interest Rate Swap - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial asset: Interest rate swap	$ 407	$ 832
Financial liability: Interest rate swap	(1,856)	(1,165)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial asset: Interest rate swap	0	0
Financial liability: Interest rate swap	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial asset: Interest rate swap	407	832
Financial liability: Interest rate swap	(1,856)	(1,165)
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial asset: Interest rate swap	0	0
Financial liability: Interest rate swap	$ 0	$ 0

Real Estate Assets (Narrative)

Real Estate Assets (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)property	Mar. 31, 2018USD ($)property	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Number of properties acquired | property	0	2
Total real estate assets, at cost	$ 677,272	$ 11,500	$ 696,281
Acquisition-related costs	$ 0	1
2018 Asset Acquisition
Business Acquisition [Line Items]
Acquisition-related costs		$ 391
Acquired in-place leases and other intangibles | 2018 Asset Acquisition
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life		14 years 3 months 10 days

Real Estate Assets (Property Di

Real Estate Assets (Property Disposition) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)property	Mar. 31, 2018USD ($)
Business Combinations [Abstract]
Number of properties disposed | property	1
Gross sales price	$ 4,000
Net proceeds from disposition of real estate assets	3,949	$ 0
Loss on sale of properties	$ 50

Real Estate Assets (Schedule of

Real Estate Assets (Schedule of Recognized Identified Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Business Acquisition [Line Items]
Land	$ 152,865	$ 156,365
Total purchase price	$ 677,272	$ 696,281	$ 11,500
2018 Asset Acquisition | Acquisitions, 2018
Business Acquisition [Line Items]
Land			1,762
Buildings and improvements			8,907
Acquired in-place leases and other intangibles			793
Total purchase price			$ 11,462

Intangible Lease Assets and L_3

Intangible Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Intangible leased assets	$ 61,793	$ 63,868
Below market leases net of amortization	3,367	3,497
Acquired in-place leases and other intangibles
Finite-Lived Intangible Assets [Line Items]
Intangible leased assets	56,461	58,387
Accumulated amortization	$ 19,529	$ 19,389
Useful life	10 years 11 months	11 years 1 month
Acquired above-market leases
Finite-Lived Intangible Assets [Line Items]
Intangible leased assets	$ 5,332	$ 5,481
Accumulated amortization	$ 2,555	$ 3,128
Useful life	11 years 4 months 24 days	11 years 1 month

Intangible Lease Assets and L_4

Intangible Lease Assets and Liabilities (Schedule of finite-lived intangible assets amortization expense) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Below market lease, accumulated amortization	$ 2,027		$ 1,897
Amortization of below market lease	$ 130	$ 158
Below market lease, weighted average useful life	8 years 8 months		8 years 10 months 24 days
Acquired in-place leases and other intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 1,486	1,616
Acquired above-market leases
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 149	$ 210

Intangible Lease Assets and L_5

Intangible Lease Assets and Liabilities (Estimated Amortization of Intangible lease assets) (Details) $ in Thousands	Mar. 31, 2019USD ($)
Below-Market Leases
Remainder of 2019	$ 365
2020	419
2021	401
2022	320
2023	308
Acquired in-place leases and other intangibles
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2019	4,348
2020	5,617
2021	5,555
2022	5,359
2023	5,055
Acquired above-market leases
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2019	418
2020	515
2021	499
2022	488
2023	$ 478

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)derivativeagreement	Mar. 31, 2018USD ($)
Derivatives, Fair Value [Line Items]
Amount of gain (loss) reclassified from other comprehensive income into income as interest expense	$ 269	$ 24
Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative, number of instruments entered into (derivative) | agreement	0
Derivative, number of instruments held (derivative) | derivative	3
Interest Rate Swap | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Aggregate termination value	$ 1,900
Interest Rate Swap | Cash Flow Hedging | Interest Expense
Derivatives, Fair Value [Line Items]
Interest rate cash flow hedge gain (loss) to be reclassified during next twelve months	$ 127

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Schedule of Derivative Instruments) (Details) - Cash Flow Hedging - Interest Rate Swap - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Prepaid expenses, derivative assets and other assets
Derivatives, Fair Value [Line Items]
Outstanding Notional Amount	$ 141,100
Fair Value of Assets	407	$ 832
Derivative liabilities, deferred rental income and other liabilities
Derivatives, Fair Value [Line Items]
Outstanding Notional Amount	$ 100,000
Interest Rate	4.45%
Fair Value of (Liabilities)	$ (1,856)	$ (1,165)
Minimum | Prepaid expenses, derivative assets and other assets
Derivatives, Fair Value [Line Items]
Interest Rate	3.22%
Maximum | Prepaid expenses, derivative assets and other assets
Derivatives, Fair Value [Line Items]
Interest Rate	3.49%

Credit Facility and Notes Pay_3

Credit Facility and Notes Payable (Schedule of Debt) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Debt Instrument [Line Items]
Debt instrument, weighted average years to maturity	3 years 8 months 12 days
Weighted average interest rate	3.90%
Short-Term and Long-Term Debt [Roll Forward]
Long-term debt, gross beginning balance	$ 350,600
Debt, net beginning balance	348,492
Debt Issuance, net	4,500	$ 229,000
Debt Issuance, net	4,500
Repayments and Modifications of Debt, Amount	(4,500)
Repayments and Modifications of Debt, Net	(4,500)
Accretion	137
Long-term debt, gross ending balance	350,600
Debt, net ending balance	348,629
Line of credit
Short-Term and Long-Term Debt [Roll Forward]
Long-term debt, gross beginning balance	258,000
Deferred costs, beginning balance	(1,668)
Debt Issuance, net	4,500
Repayments and Modifications of Debt, Amount	(4,500)
Accretion of Deferred Costs	99
Long-term debt, gross ending balance	258,000
Deferred costs, ending balance	(1,569)
Fixed Rate Debt
Short-Term and Long-Term Debt [Roll Forward]
Long-term debt, gross beginning balance	92,600
Deferred costs, beginning balance	(440)
Debt Issuance, net	0
Repayments and Modifications of Debt, Amount	0
Accretion of Deferred Costs	38
Long-term debt, gross ending balance	92,600
Deferred costs, ending balance	$ (402)

Credit Facility and Notes Pay_4

Credit Facility and Notes Payable (Fixed Rate Debt Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 348,629	$ 348,492
Long-term debt, gross	350,600	$ 350,600
Fixed rate debt
Debt Instrument [Line Items]
Long-term debt, gross	92,600
Debt instrument, collateral amount	$ 156,500
Minimum | Fixed rate debt
Debt Instrument [Line Items]
Debt instrument interest rate (percent)	3.50%
Maximum | Fixed rate debt
Debt Instrument [Line Items]
Debt instrument interest rate (percent)	4.50%
Interest Rate Swap | Variable Rate Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 21,100

Credit Facility and Notes Pay_5

Credit Facility and Notes Payable (Credit Facility) (Details)	3 Months Ended
	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Long-term line of credit	$ 348,629,000	$ 348,492,000
Long-term debt, gross	$ 350,600,000	350,600,000
Weighted average interest rate	3.90%
Line of credit
Debt Instrument [Line Items]
Long-term debt, gross	$ 258,000,000	$ 258,000,000
Line of credit | JPMorgan Chase Bank, N.A
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 350,000,000
Weighted average interest rate	3.80%
Line of credit facility, remaining borrowing capacity	$ 92,000,000
Line of credit facility, covenant, minimum consolidated net worth	$ 225,000,000
Line of credit facility, covenant, minimum consolidated net worth, percentage of equity issuance (percent)	75.00%
Debt instrument, covenant, fixed charge coverage ratio, minimum	1.50
Line of credit | JPMorgan Chase Bank, N.A | Federal Funds Effective Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Line of credit | JPMorgan Chase Bank, N.A | Minimum
Debt Instrument [Line Items]
Debt instrument interest rate (percent)	0.30%
Line of credit facility, covenant, unsecured debt service coverage ratio	1.75
Line of credit | JPMorgan Chase Bank, N.A | Minimum | Statutory Reserve Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.30%
Line of credit | JPMorgan Chase Bank, N.A | Minimum | LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Line of credit | JPMorgan Chase Bank, N.A | Maximum
Debt Instrument [Line Items]
Debt instrument interest rate (percent)	0.70%
Line of credit facility, covenant, leverage ratio	60.00%
Debt instrument, covenant, unsecured debt to unencumbered asset value ratio	60.00%
Line of credit facility, covenant, secured debt ratio	40.00%
Line of credit facility, covenant, recourse debt coverage ratio	15.00%
Line of credit | JPMorgan Chase Bank, N.A | Maximum | Statutory Reserve Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.70%
Line of credit | Revolving credit facility | JPMorgan Chase Bank, N.A
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 130,000,000
Long-term line of credit	$ 38,000,000
Weighted average interest rate	4.10%
Line of credit | Term Loan | JPMorgan Chase Bank, N.A
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 220,000,000
Long-term line of credit	$ 220,000,000
Line of credit | Term Loan | JPMorgan Chase Bank, N.A | Interest Rate Swap
Debt Instrument [Line Items]
All in rate for the swapped term loan	3.80%
Long-term debt, gross	$ 258,000,000

Credit Facility and Notes Pay_6

Credit Facility and Notes Payable (Schedule of Maturities of Long-term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Remainder of 2019	$ 0
2020	388
2021	68,009
2022	38,428
2023	220,448
Thereafter	23,327
Total	$ 350,600	$ 350,600

Supplemental Cash Flow (Details

Supplemental Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Supplemental Cash Flow Information [Abstract]
Common stock issued through distribution reinvestment plan	$ 2,931	$ 2,837
Distributions declared and unpaid	2,234	2,108	$ 2,220
Change in accrued distribution and stockholder servicing fees	11	225
Accrued capital expenditures	500	2
Accrued deferred financing costs	0	10
Change in fair value of interest rate swaps	(1,116)	519
Interest paid	3,334	3,259
Cash paid for taxes	$ 20	$ 1

Related-Party Transactions an_3

Related-Party Transactions and Arrangements (Selling commissions and dealer manager fees) (Details) - Dealer manager	Mar. 31, 2019
Selling commissions
Related Party Transaction [Line Items]
Expenses reallowed (percentage)	100.00%
Selling commissions | Class A Common Stock | Maximum
Related Party Transaction [Line Items]
Commissions percentage on stock sales and related dealer manager fees	7.00%
Selling commissions | Class T Common Stock | Maximum
Related Party Transaction [Line Items]
Commissions percentage on stock sales and related dealer manager fees	3.00%
Dealer manager fee | Class A Common Stock
Related Party Transaction [Line Items]
Commissions percentage on stock sales and related dealer manager fees	2.00%
Dealer manager fee | Class T Common Stock
Related Party Transaction [Line Items]
Commissions percentage on stock sales and related dealer manager fees	2.00%

Related-Party Transactions an_4

Related-Party Transactions and Arrangements (Other organization and offering expenses) (Details)	Mar. 31, 2019
Advisors | Other organization and offering expenses | Maximum
Related Party Transaction [Line Items]
Organization and offering expense (percent)	2.00%

Related-Party Transactions an_5

Related-Party Transactions and Arrangements (Distribution and stockholder servicing fees) (Details) - Advisors	Oct. 05, 2016	Oct. 04, 2016	Mar. 31, 2019
Class T Common Stock
Related Party Transaction [Line Items]
Distribution and stockholder servicing fee, percentage of net asset value, daily accrual rate	0.00274%	0.00219%
Distribution and stockholder servicing fees
Related Party Transaction [Line Items]
Related party transaction, daily distribution and servicing fee, termination of payments threshold, percentage of Total Gross Investment			4.00%
Related party transaction, daily distribution and servicing fee, termination of payments threshold, percentage of gross proceeds from shares in offering			10.00%

Related-Party Transactions an_6

Related-Party Transactions and Arrangements (Acquisition fees and expenses) (Details) - Advisors - Acquisition fees and expenses	Mar. 31, 2019
Related Party Transaction [Line Items]
Acquisition and advisory fee (percent)	2.00%
Related party, reimbursement fixed annual percentage of the contract purchase price	0.50%
Acquisition fees and expenses reimbursement percent	6.00%

Related-Party Transactions an_7

Related-Party Transactions and Arrangements (Advisory fees and expenses) (Details)	Mar. 31, 2019USD ($)
Minimum | Average invested assets between $0 to $2 billion
Related Party Transaction [Line Items]
Average invested assets	$ 0
Minimum | Average invested assets between $2 billion to $4 billion
Related Party Transaction [Line Items]
Average invested assets	2,000,000,000
Minimum | Average invested assets over $4 billion
Related Party Transaction [Line Items]
Average invested assets	4,000,000,000
Maximum | Average invested assets between $0 to $2 billion
Related Party Transaction [Line Items]
Average invested assets	2,000,000,000
Maximum | Average invested assets between $2 billion to $4 billion
Related Party Transaction [Line Items]
Average invested assets	$ 4,000,000,000
Advisors | Advisory fees and expenses | Average invested assets between $0 to $2 billion
Related Party Transaction [Line Items]
Asset management or advisory fees percent	0.75%
Advisors | Advisory fees and expenses | Average invested assets between $2 billion to $4 billion
Related Party Transaction [Line Items]
Asset management or advisory fees percent	0.70%
Advisors | Advisory fees and expenses | Average invested assets over $4 billion
Related Party Transaction [Line Items]
Asset management or advisory fees percent	0.65%

Related-Party Transactions an_8

Related-Party Transactions and Arrangements (Operating expenses) (Details) - Advisors - Minimum	Mar. 31, 2019
Related Party Transaction [Line Items]
Operating expense reimbursement percent of average invested assets	2.00%
Operating expense reimbursement percent of net income	25.00%

Related-Party Transactions an_9

Related-Party Transactions and Arrangements (Disposition fees) (Details) - Advisors	Mar. 31, 2019
Brokerage commission fee | Maximum
Related Party Transaction [Line Items]
Commissions performance and other fees percent	50.00%
Property sales commission
Related Party Transaction [Line Items]
Commissions performance and other fees percent	1.00%
Property Portfolio | Maximum
Related Party Transaction [Line Items]
Commissions performance and other fees percent	6.00%

Related-Party Transactions a_10

Related-Party Transactions and Arrangements (Subordinated performance fees) (Details) - Advisors	Mar. 31, 2019
Related Party Transaction [Line Items]
Cumulative noncompounded annual return	6.00%
Subordinate Performance Fees On Event of Sale of Company
Related Party Transaction [Line Items]
Commissions performance and other fees percent	15.00%
Subordinate Performance Fees For Listing
Related Party Transaction [Line Items]
Commissions performance and other fees percent	15.00%

Related-Party Transactions a_11

Related-Party Transactions and Arrangements (Schedule of Related Party Transactions) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Due to affiliates	$ 2,021		$ 2,108
Selling commissions | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	47	$ 600
Dealer manager fee | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	27	244
Other organization and offering expenses | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	94	301
Distribution and stockholder servicing fees | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	101	84
Due to affiliates	1,200	1,300
Acquisition fees and expenses | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	0	277
Disposition fees | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	30	0
Advisory fees and expenses | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	1,512	1,446
Operating expenses | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	$ 311	$ 450

Related-Party Transactions a_12

Related-Party Transactions and Arrangements (Due to/from Affiliates) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Due to affiliates	$ 2,021	$ 2,108

Stockholders' Equity (Details)

Stockholders' Equity (Details) - CCPT V 2018 Equity Incentive Plan - USD ($) $ in Thousands	Oct. 01, 2018	Mar. 31, 2019
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		400,000
Shares available for grant (in shares)		396,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share based compensation		$ 39
Restricted Stock | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period to each independent member of board of directors (in shares)	1,200
Grants in period to members of the board of directors (in shares)	3,600
General and Administrative Expense | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share based compensation expense		$ 20

(Future Minimum Rental income)

(Future Minimum Rental income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease, weighted average remaining lease term	10 years 2 months 12 days
Future Minimum Rental Income - ASC 842
Remainder of 2019	$ 34,322
2020	45,279
2021	44,640
2022	43,135
2023	41,659
Thereafter	286,294
Total	$ 495,329
Future Minimum Rental Income - ASC 840
2019		$ 47,588
2020		47,108
2021		46,541
2022		44,949
2023		43,351
Thereafter		291,483
Total		$ 521,020

Leases (Rental Income) (Details

Leases (Rental Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Leases [Abstract]
Fixed rental and other property income	$ 12,124
Variable rental and other property income	1,559
Total rental and other property income	$ 13,683	$ 13,063
Fixed rental and other property income		11,496
Variable rental and other property income		1,567
Revenues		$ 13,063

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) $ / shares in Units, shares in Thousands	1 Months Ended	3 Months Ended
	May 10, 2019USD ($)property$ / sharesshares	Mar. 31, 2019USD ($)property	Mar. 31, 2018USD ($)property	Apr. 30, 2019USD ($)	Mar. 28, 2019USD ($)	Aug. 01, 2017USD ($)	Mar. 17, 2014USD ($)
Subsequent Event [Line Items]
Redemptions of common stock		$ 2,922,000	$ 2,792,000
Number of properties acquired | property		0	2
Number of properties disposed | property		1
Number of real estate asset held for sale | property		1
Gross sales price		$ 4,000,000
Net proceeds from disposition of real estate assets		3,949,000	$ 0
Gain (loss) on sale of properties		$ (50,000)
Subsequent Event
Subsequent Event [Line Items]
Redemptions of common stock (shares) | shares	148
Redemptions of common stock	$ 2,900,000
Stock redeemed or called during period, average price per share (USD per share) | $ / shares	$ 19.58
Share redemption program requests or redemptions unfulfilled (in shares) | shares	293
Number of properties acquired | property	1
Aggregate purchase price of acquired real estate assets	$ 10,100,000
Number of properties disposed | property	4
Gross sales price	$ 26,300,000
Net proceeds from disposition of real estate assets	25,600,000
Gain (loss) on sale of properties	474,000
Distribution reinvestment plan
Subsequent Event [Line Items]
Common stock, shares authorized					$ 68,740,000	$ 300,000,000
Follow-on Offering
Subsequent Event [Line Items]
Common stock, shares authorized						$ 1,200,000,000	$ 2,975,000,000
Follow-on Offering | Subsequent Event
Subsequent Event [Line Items]
Shares deregistered				$ 1,400,000,000
Interest Rate Swap | Subsequent Event
Subsequent Event [Line Items]
Derivative liability	$ 120,000,000
Term Loan | Eurodollar | Line of credit | Subsequent Event
Subsequent Event [Line Items]
Debt instrument, basis spread on variable rate	2.25%