Peakstone Realty Trust (PKST) 10-K10 Mar 152014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	11 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2014	Mar. 06, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	Griffin Capital Essential Asset REIT II, Inc.
Entity Central Index Key	1600626
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Common Stock, Shares Outstanding		4,024,428
Entity Public Float			$0

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Feb. 11, 2014
ASSETS
Cash and cash equivalents	$6,171,317	$201,000
Real estate acquisition deposits	2,000,000	0
Deferred financing costs, net	1,902,082	0
Other assets, net	514,868	0
Total assets	10,588,267	201,000
LIABILITIES AND EQUITY
Accounts payable and other liabilities	175,985	0
Distributions payable	15,279	0
Due to affiliates, net	866,176	0
Total liabilities	1,057,440	0
Commitments and contingencies (Note 7)
Common stock subject to redemption	50,666	0
Stockholders' equity:
Preferred Stock, $0.001 par value, 200,000,000 shares authorized; no shares outstanding, as of December 31, 2014 and February 11, 2014, respectively	0	0
Additional paid-in capital	9,838,210	999
Cumulative distributions	-71,809	0
Accumulated deficit	-436,616	0
Total stockholders' equity	9,341,120	1,000
Noncontrolling interests	139,041	200,000
Total equity	9,480,161	201,000
Total liabilities and equity	10,588,267	201,000
Class A
Stockholders' equity:
Class A Common Stock, $0.001 par value, 700,000,000 shares authorized; 1,133,773 and 100 shares outstanding as of December 31, 2014 and February 11, 2014, respectively	$11,335	$1

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Feb. 11, 2014
Preferred Stock, par value (in USD per share)	$0.00	$0.00
Preferred Stock, number of shares authorized (in shares)	200,000,000	200,000,000
Preferred Stock, number of shares outstanding (in shares)	0	0
Common stock, number of shares outstanding (in shares)		100
Class A
Common stock, par value (in USD per share)	$0.00	$0.00
Common stock, number of shares authorized (in shares)	700,000,000	700,000,000
Common stock, number of shares outstanding (in shares)	1,133,773	100

Consolidated_Statements_of_Ope

Consolidated Statements of Operations Statement (USD $)	11 Months Ended
Consolidated Statements of Operations Statement (USD $)	Dec. 31, 2014
Income Statement [Abstract]
Revenues:	$0
General and administrative expenses	438,806
Total expenses	438,806
Loss from operations	-438,806
Interest expense	-55,786
Net loss	-494,592
Net loss attributable to noncontrolling interests	-57,976
Net loss attributable to common stockholders	($436,616)
Net loss per Class A share, basic and diluted	($2.90)
Weighted average number of common shares outstanding, basic and diluted	150,623

Consolidated_Statements_of_Equ

Consolidated Statements of Equity Statement (USD $)	Total	Class A Common Stock	Additional Paid-In Capital	Cumulative Distributions	Accumulated Deficit	Total Stockholdersâ€™ Equity	Non- controlling Interests
Beginning balance at Feb. 10, 2014	$201,000	$1	$999	$0	$0	$1,000	$200,000
Beginning balance (shares) at Feb. 10, 2014	100	100
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Gross proceeds from issuance of common stock (shares)		1,128,340
Gross proceeds from issuance of common stock	11,283,399	11,283	11,272,116			11,283,399
Discount on issuance of common stock	-279,960		-279,960			-279,960
Offering costs including dealer manager fees to affiliates	-1,154,894		-1,154,894			-1,154,894
Distributions to common stockholders	-21,143			-21,143		-21,143
Issuance of shares for distribution reinvestment plan (shares)		5,333
Issuance of shares for distribution reinvestment plan	50,666	51	50,615	-50,666
Additions to common stock subject to redemption	-50,666		-50,666			-50,666
Distributions for noncontrolling interest	-2,983						-2,983
Net loss	-494,592				-436,616	-436,616	-57,976
Ending balance at Dec. 31, 2014	$9,480,161	$11,335	$9,838,210	($71,809)	($436,616)	$9,341,120	$139,041
Ending balance (shares) at Dec. 31, 2014		1,133,773

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows Statement (USD $)	11 Months Ended
Consolidated Statements of Cash Flows Statement (USD $)	Dec. 31, 2014
Net loss	($494,592)
Amortization of deferred financing costs	21,064
Other assets, net	-514,868
Accounts payable and other liabilities	175,985
Due to affiliates, net	866,176
Net cash provided by operating activities	53,765
Real estate acquisition deposits	-2,000,000
Net cash used in investing activities	-2,000,000
Deferred financing costs	-1,923,146
Issuance of common stock, net of discounts	11,003,439
Offering costs including dealer manager fees	-1,154,894
Distributions paid to common stockholders	-6,798
Distributions paid to noncontrolling interests	-2,049
Net cash provided by financing activities	7,916,552
Net increase in cash and cash equivalents	5,970,317
Cash and cash equivalents at the beginning of the period	201,000
Cash and cash equivalents at the end of the period	6,171,317
Increase in distributions payable - common stock	14,345
Increase in distributions payable - noncontrolling interest	934
Common stock issued pursuant to the distribution reinvestment plan	$50,666

Organization

Organization	11 Months Ended
Organization	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization

	Griffin Capital Essential Asset REIT II, Inc., a Maryland corporation (the “Company”), was formed on November 20, 2013 under the Maryland General Corporation Law and intends to qualify as a real estate investment trust (“REIT”). The Company was organized primarily with the purpose of acquiring single tenant net lease properties that are considered essential to the occupying tenant, and expects to use a substantial amount of the net proceeds from its initial public offering to invest in these properties. The Company’s year end is December 31.

	Griffin Capital Corporation, a California corporation (the “Sponsor”), is the sponsor of the Company’s initial public offering. The Company’s Sponsor began operations in 1995, and was incorporated in 1996, to principally engage in acquiring and developing office and industrial properties. Kevin A. Shields, the Company's Chief Executive Officer and Chairman, is the sole shareholder of Griffin Capital Corporation.

	Griffin Capital Essential Asset Advisor II, LLC, a Delaware limited liability company (the “Advisor”) was formed on November 19, 2013. Griffin Capital REIT Holdings, LLC ("REIT Holdings") is the sole member of the Advisor. REIT Holdings is wholly-owned by the Sponsor. The Advisor is responsible for managing the Company’s affairs on a day-to-day basis and identifying and making acquisitions and investments on behalf of the Company under the terms of the advisory agreement dated July 31, 2014. The officers of the Advisor are also officers of the Sponsor.

	The Company’s Articles of Incorporation initially authorized 30,000 shares of common stock. On February 11, 2014, the Advisor purchased 100 shares of common stock for $1,000 and became the initial stockholder. Upon the SEC declaring the offering effective on July 31, 2014 (amended on December 5, 2014 in which the Class T common stock was removed, prior to any Class T shares being issued, at the direction of the board of directors), the Company’s Articles of Amendment and Restatement were filed with the State of Maryland and authorized 700,000,000 shares of common stock with a par value of $0.001 and 200,000,000 shares of preferred stock with a par value of $0.001. The Company is offering a minimum of $2,000,000 and a maximum of $2,000,000,000 in shares of common stock, consisting of $2,000,000,000 in shares of Class A common stock at a price of $10.00 per share for sale to the public (the “Primary Offering”), and $200,000,000 in shares of common stock for sale pursuant to the distribution reinvestment plan, consisting of $200,000,000 in shares of Class A common stock at a price of $9.50 per share (collectively, the “Offering”). The Dealer Manager (as defined below) will earn a commission of 7.0% of gross proceeds from Class A shares sold in the Primary Offering. See Note 6, Related Party Transactions.

	On September 23, 2014, the Company raised the minimum offering amount of $2.0 million as a result of a $2.0 million investment by a private investment program affiliated with the Sponsor, and the Company commenced operations. As of December 31, 2014, the Company engaged only in organizational and offering activities (see Note 2, Basis of Presentation and Summary of Significant Accounting Policies - Organizational and Offering Costs), and had 1,133,773 shares of Class A common stock outstanding, of which 5,333 shares were issued pursuant to the distribution reinvestment plan and are classified as common stock subject to redemption. Griffin Capital Securities, Inc. (the “Dealer Manager”), is a wholly-owned subsidiary of the Sponsor. The Dealer Manager is responsible for marketing the Company’s shares being offered pursuant to the Offering.

	The Company’s property manager is Griffin Capital Essential Asset Property Management II, LLC, a Delaware limited liability company (the “Property Manager”), which was formed on November 19, 2013 to manage the Company’s properties, or provide oversight of other property managers engaged by the Company or an affiliate of the Company. The Property Manager will derive substantially all of its income from the property management services it will perform for the Company.

	Griffin Capital Essential Asset Operating Partnership II, L.P., a Delaware limited partnership (the “Operating Partnership”), was formed on November 21, 2013. On February 11, 2014, the Advisor purchased a 99% limited partnership interest and special limited partnership interest in the Operating Partnership for $200,000 and on February 11, 2014, the Company contributed the initial $1,000 capital contribution it received to the Operating Partnership in exchange for a 1% general partner interest. The special limited partnership interest in the Operating Partnership entitles the Advisor to certain subordinated distributions as defined in the operating partnership agreement and discussed below in Note 6, Related Party Transactions. The Operating Partnership will own, directly or indirectly, all of the properties acquired by the Company. The Operating Partnership will conduct certain activities through the Company’s taxable REIT subsidiary, Griffin Capital Essential Asset TRS II, Inc., a Delaware corporation (the “TRS”) formed on November 22, 2013, which is a wholly-owned subsidiary of the Operating Partnership. The TRS had no activity as of December 31, 2014.

Basis_of_Presentation_and_Summ

Basis of Presentation and Summary of Significant Accounting Policies	11 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies

	The accompanying consolidated financial statements of the Company are prepared by management on the accrual basis of accounting and in accordance with principles generally accepted in the United States (“GAAP”) as contained in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification” or “ASC”), and in conjunction with rules and regulations of the SEC. The consolidated financial statements include accounts of the Company, the Operating Partnership and the TRS, if applicable. All significant intercompany accounts and transactions have been eliminated in consolidation.

	Use of Estimates

	The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.

	Cash and Cash Equivalents

	The Company considers all short-term, highly liquid investments that are readily convertible to cash with a maturity of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents may include cash and short-term investments. Short-term investments are stated at cost, which approximates fair value. There were no cash equivalents, nor were there restrictions on the use of the Company’s cash balance as of December 31, 2014 and February 11, 2014.

	The Company maintains its cash accounts with major financial institutions. The cash balances consist of business checking accounts. These accounts are insured by the Federal Deposit Insurance Corporation up to $250,000 at each institution. The Company has not experienced any losses with respect to cash balances in excess of government provided insurance. Management believes there was no significant concentration of credit risk with respect to these cash balances at December 31, 2014.

	Real Estate Assets

	Real Estate Purchase Price Allocation

	The Company will apply the provisions in ASC 805-10, Business Combinations, to account for the acquisition of real estate, or real estate related assets, in which a lease, or other contract, is in place representing an active revenue stream, as a business combination. In accordance with the provisions of ASC 805-10, the Company will recognize the assets acquired, the liabilities assumed and any noncontrolling interest in the acquired entity at their fair values as of the acquisition date, on an “as if vacant” basis. Further, the Company will recognize the fair value of assets acquired, liabilities assumed and any noncontrolling interest in acquisitions of less than a 100% interest when the acquisition constitutes a change in control of the acquired entity. The accounting provisions have also established that acquisition-related costs and restructuring costs are considered separate and not a component of a business combination and, therefore, are expensed as incurred.

	Acquired in-place leases will be valued as above-market or below-market as of the date of acquisition. The valuation will be measured based on the present value (using an interest rate, which reflects the risks associated with the leases acquired) of the difference between (a) the contractual amounts to be paid pursuant to the in-place leases and (b) management’s estimate of fair market lease rates for the corresponding in-place leases over a period equal to the remaining non-cancelable term of the lease for above-market leases, taking into consideration below-market extension options for below-market leases. In addition, any renewal options will be considered and will be included in the valuation of in-place leases if (1) it is likely that the tenant will exercise the option, and (2) the renewal rent is considered to be sufficiently below a fair market rental rate at the time of renewal. The above-market and below-market lease values will be capitalized as intangible lease assets or liabilities and amortized as an adjustment to rental income over the remaining terms of the respective leases, including below market renewal options.

	The aggregate fair value of in-place leases includes direct costs associated with obtaining a new tenant, opportunity costs associated with lost rentals, which are avoided by acquiring an in-place lease, and tenant relationships. Direct costs associated with obtaining a new tenant include commissions, tenant improvements, and other direct costs and are estimated using methods similar to those used in independent appraisals and management’s consideration of current market costs to execute a similar lease. These direct costs are considered intangible lease assets and will be included with real estate assets on the consolidated balance sheets. The intangible lease assets will be amortized to expense over the remaining terms of the respective leases. The value of opportunity costs is calculated using the contractual amounts to be paid, including real estate taxes, insurance, and other operating expenses, pursuant to the in-place leases over a market lease-up period for a similar lease. Customer relationships are valued based on management’s evaluation of certain characteristics of each tenant’s lease and the Company’s overall relationship with that respective tenant. Characteristics management will consider in allocating these values include the nature and extent of the Company’s existing business relationships with tenants, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals (including those existing under the terms of the lease agreement), among other factors. These intangibles will be included in intangible lease assets on the consolidated balance sheets and will be amortized to expense over the remaining term of the respective leases.

	The determination of the fair values of the assets and liabilities acquired will require the use of significant assumptions about current market rental rates, rental growth rates, discount rates and other variables. The use of inappropriate estimates would result in an incorrect assessment of the purchase price allocations, which could impact the amount of the Company’s reported net income.

	Depreciation

	The purchase price of real estate to be acquired and the costs related to the development, construction, and property improvements will be capitalized. Repairs and maintenance costs will include all costs that do not extend the useful life of the real estate asset and will be charged to expense as incurred. The Company will consider the period of future benefit of an asset to determine the appropriate useful life. The Company anticipates the estimated useful lives of its assets by class to be generally as follows:



	Buildings		40 years
	Building Improvements		5-20 years
	Land Improvements		15-25 years
	Tenant Improvements		Shorter of estimated useful life or remaining contractual lease term
	Tenant Origination and Absorption Cost		Remaining contractual lease term
	In-place Lease Valuation		Remaining contractual lease term with consideration as to below-market extension options for below-market leases


	Impairment of Real Estate and Related Intangible Assets

	The Company will continually monitor events and changes in circumstances that could indicate that the carrying amounts of real estate and related intangible assets may not be recoverable. When indicators of potential impairment are present that indicate that the carrying amounts of real estate and related intangible assets may not be recoverable, management will assess the recoverability of the assets by determining whether the carrying value of the assets will be recovered through the undiscounted future operating cash flows expected from the use of the assets and the eventual disposition. If based on this analysis the Company does not believe that it will be able to recover the carrying value of the asset, the Company will record an impairment loss to the extent the carrying value exceeds the estimated fair value of the asset.

	Projections of expected future undiscounted cash flows require management to estimate future market rental income amounts subsequent to the expiration of current lease agreements, property operating expenses, discount rates, the number of months it takes to re-lease the property and the number of years the property is held for investment. The use of inappropriate assumptions in the future cash flow analysis would result in an incorrect assessment of the property’s future cash flow and fair value and could result in the overstatement of the carrying value of the Company’s real estate and related intangible assets and net income.

	Real Estate Acquisition Deposits

	Real estate acquisition deposits include funds held in escrow that will be applied towards the purchase of real estate. On September 15, 2014, the Sponsor, on behalf of the Company, executed a purchase and sale agreement (the "Atlas Copco Property Purchase Agreement") with an unaffiliated third party for the acquisition of a 120,000 square foot office/R&D facility currently under construction and located in Auburn Hills, Michigan (the "Atlas Copco Property"). The facility will be fully leased to Atlas Copco Tools & Assembly Systems LLC. On September 19, 2014, the board of directors approved the potential acquisition of the Atlas Copco Property, and the funding of the acquisition deposit. On September 24, 2014, as required by the Atlas Copco Property Purchase Agreement, the Company placed into escrow a $2,000,000 earnest money deposit to be applied towards the purchase of the Atlas Copco Property. In certain circumstances, if the Company fails to complete the acquisition of the Atlas Copco Property, the $2,000,000 earnest money deposit may be forfeited. The acquisition is expected to close in the third quarter of 2015.
	Deferred Financing Costs
	Deferred financing costs represent commitment fees, loan fees, legal fees and other third-party costs associated with obtaining financing. These costs are amortized to, and included as a component of, interest expense over the terms of the respective financing agreements. As of December 31, 2014 and February 11, 2014, the Company’s deferred financing costs, net of accumulated amortization, were $1.9 million and zero, respectively, which represents financing costs incurred for the KeyBank Revolving Credit Facility (as defined herein), discussed in Note 3, Debt.
	Accounts Payable and Other Liabilities
	As of December 31, 2014, accounts payable and other liabilities included $62,500 in accrued auditing and $60,500 in board fees payable. The remaining amount related to various other payables.

	Revenue Recognition

	Upon the acquisition of real estate, certain properties will have leases where minimum rent payments increase during the term of the lease, or certain minimum rent payments are abated. The Company will record rental revenue for the full term of each lease on a straight-line basis. The term of the acquired lease is considered to commence as of the acquisition date for the purposes of the straight-line rent calculation. In accordance with Staff Accounting Bulletin No. 104, “Revenue Recognition in Financial Statements,” the Company will defer the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. Tenant reimbursement revenue, which is comprised of additional rents received from certain tenants to recover certain operating and capital expenses, including property maintenance and services, property taxes, and insurance, will be recognized as revenue when the additional rent is due, pursuant to the lease.

	Organizational and Offering Costs

	The Company expects that organizational and offering costs of the Offering will be paid by the Sponsor, on behalf of the Advisor, for the Company and will be reimbursed from the proceeds of the Offering. Organizational and offering costs consist of all expenses (other than sales commissions and the dealer manager fees) to be paid by the Company in connection with the Offering, including legal, accounting, printing, mailing and filing fees, charges from the escrow holder and other accountable offering expenses, including, but not limited to: (i) amounts to reimburse the Advisor for all marketing related costs and expenses such as salaries and direct expenses of employees of the Advisor and its affiliates in connection with registering and marketing the Company’s shares; (ii) technology costs associated with the offering of the Company’s shares; (iii) costs of conducting training and education meetings; (iv) costs of attending seminars conducted by participating broker-dealers; and (v) payment or reimbursement of bona fide due diligence expenses.

	Pursuant to the Advisory Agreement, in no event will the Company be obligated to reimburse the Advisor for organizational and offering costs incurred in connection with the Offering totaling in excess of (i) 3.5% (excluding sales commissions and the dealer manager fees) of the gross proceeds raised in the Offering (excluding gross proceeds from the distribution reinvestment plan), and (ii) 15% (including sales commissions, dealer manager fees and non-accountable due diligence expense allowance but excluding acquisition fees and expenses) of the gross proceeds raised in the Offering (excluding gross proceeds from the distribution reinvestment plan). If the organization and offering costs exceeded such limits discussed above, within 60 days after the end of the month in which the Offering terminated or was completed, the Advisor would have been obligated to reimburse the Company for any excess amounts. As long as the Company is subject to the Statement of Policy Regarding Real Estate Investment Trusts published by the North American Securities Administrators Association (“NASAA REIT Guidelines”), such limitations discussed above will also apply to any future public offerings.

On September 23, 2014, the Company sold the minimum amount of shares and thereby became obligated to the Advisor for offering and organizational costs incurred. Organizational and offering costs incurred as of December 31, 2014, including those due to the Advisor, for the Offering are as follows:



		December 31, 2014
Cumulative offering costs		$	2,063,907

Cumulative organizational costs		$	311,864

Organizational and offering costs advanced by and due to the Advisor		$	1,527,392

Adjustment to organizational and offering costs pursuant to limitations discussed above		$	(1,142,237	)
Net due to Advisor		$	385,155


As of December 31, 2014, organizational and offering costs incurred by the Advisor exceeded the limitations set forth above by approximately $1.1 million. Therefore, if the Offering was terminated on December 31, 2014, based on gross offering proceeds raised, net of discounts, in the Offering of $11.0 million, the Company would be liable for organizational and offering costs incurred by the Advisor, less the amount by which the organizational and offering costs exceeded the limitations discussed above. The amount of organizational and offering costs the Company is liable for as of December 31, 2014 is included in "Due to Affiliates, net" on the consolidated balance sheets. See Note 6, Related Party Transactions.

Since the Company had not yet commenced operations at February 11, 2014, organizational and offering costs incurred were not recorded in the consolidated balance sheets as such costs did not become a liability of the Company until the minimum amount of shares had been sold in the Offering.

Noncontrolling Interests

Due to the Company’s control through the general partnership interest in the Operating Partnership and the limited rights of the limited partner, the Operating Partnership, including its wholly-owned subsidiary, is consolidated with the Company and the limited partner interest is reflected as noncontrolling interests in the accompanying consolidated balance sheets.

The Company reports noncontrolling interests in subsidiaries within equity in the consolidated balance sheets, but separate from the parent shareholders’ equity. Also, any acquisitions or dispositions of noncontrolling interests that do not result in a change of control will be accounted for as equity transactions. Further, the Company will recognize a gain or loss in net income (loss) when a subsidiary is deconsolidated upon a change in control. Net income (loss) attributable to noncontrolling interests will be shown as a reduction to net income (loss) in calculating net income (loss) attributable to common stockholders. Any future purchase or sale of interest in an entity that results in a change of control may have a material impact on the Company’s financial statements as the Company’s interest in the entity will be recognized at fair value with gains and losses included in net income (loss).

Fair Value Measurements

The fair value of financial and nonfinancial assets and liabilities is based on a fair value hierarchy established by the FASB that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described as follows:

•	Level 1. Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets;

•	Level 2. Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and

•	Level 3. Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

When available, the Company utilizes quoted market prices for similar assets or liabilities from independent third-party sources to determine fair value. Financial instruments as of December 31, 2014 consisted of cash and cash equivalents, other assets, accounts payable and other accrued expenses. The amounts of the financial instruments presented in the consolidated financial statements substantially approximate their fair value as of December 31, 2014 and February 11, 2014.

Income Taxes

The Company intends to make an election to be taxed as a REIT, under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, and expects to be taxed as such for the taxable year ending December 31, 2015, assuming the Company satisfies the REIT qualification requirements for such year. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to currently distribute at least 90% of the REIT’s ordinary taxable income to stockholders. As a REIT, the Company generally will not be subject to federal income tax on taxable income that is distributed to stockholders. If the Company fails to qualify as a REIT in any taxable year, after the Company initially qualifies to be taxed as a REIT, the Company will then be subject to federal income taxes on the taxable income at regular corporate rates and will not be permitted to qualify for treatment as a REIT for federal income tax purposes for four years following the year during which qualification is lost unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Such an event could materially adversely affect net income and net cash available for distribution to stockholders. However, the Company believes that it will be organized and operate in such a manner as to qualify for treatment as a REIT and intends to operate in the foreseeable future in such a manner that it will remain qualified as a REIT for federal income tax purposes.

The Company could engage in certain business activities that could have an adverse effect on its REIT qualification. The Company has elected to isolate these business activities in the books and records of the TRS. In general, the TRS may perform additional services for the Company’s tenants and generally may engage in any real estate or non-real estate related business. The TRS will be subject to corporate federal and state income tax. As of December 31, 2014, the TRS has not commenced operations.

Per Share Data

The Company reports earnings per share for the period as (1) basic earnings per share computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period, and (2) diluted earnings per share computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding, including common stock equivalents. As of December 31, 2014 and February 11, 2014, there were no common stock equivalents that would have a dilutive effect on earnings (loss) per share for common stockholders.

Distributions declared and paid per common share assumes each share was issued and outstanding each day during the three months ended December 31, 2014. Distributions declared per common share was based on daily declaration and record dates selected by the Company’s board of directors of $0.00150684932 per day per share on the outstanding shares of common stock.

Recently Issued Accounting Pronouncements

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”). ASU No. 2014-09 replaces substantially all industry-specific revenue recognition requirements and converges areas under this topic with International Financial Reporting Standards. ASU No. 2014-09 implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed to transfer of risk and rewards. ASU No. 2014-09 also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows from contracts with customers. Other major provisions in ASU No. 2014-09 include capitalizing and amortizing certain contract costs, ensuring the time value of money is considered in the applicable transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. ASU No. 2014-09 is effective for reporting periods beginning after December 15, 2016, and early adoption is prohibited. ASU No. 2014-09 does not apply to lease contracts accounted for under Leases (Topic 840). The Company is evaluating ASU No. 2014-09 for its potential impact on the Company's financial statements.

Debt

Debt	11 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Debt

	KeyBank Revolving Credit Facility

	On December 12, 2014, the Company, through the Operating Partnership, entered into a revolving credit agreement (the “KeyBank Revolving Credit Facility”), co-lead by KeyBank and JPMorgan Chase Bank, with KeyBank as administrative agent, JPMorgan Chase Bank as syndication agent, and a syndicate of lenders. Pursuant to the KeyBank Revolving Credit Facility, the Company was provided with an initial commitment of $250.0 million, which commitment may be increased under certain circumstances up to a maximum total commitment of $1.25 billion. The KeyBank Revolving Credit Facility has an initial term of four years, maturing on December 12, 2018, and may be extended for a one-year period if certain conditions are met. Availability under the KeyBank Revolving Credit Facility is limited to the lesser of a (i) a specified leverage ratio applied to a portfolio real estate pool value computed as adjusted net operating income divided by a specified capitalization rate; or (ii) debt service coverage ratio ("DSCR") calculation, all as set forth in the credit agreement related to the KeyBank Revolving Credit Facility.

	The KeyBank Revolving Credit Facility has an interest rate based on the consolidated leverage ratio reported with the quarterly compliance certificate and is calculated based on the LIBO Rate plus the applicable LIBO Rate margin, as provided in the credit agreement related to the KeyBank Revolving Credit Facility, or Base Rate plus the applicable base rate margin, as provided in the credit agreement related to the KeyBank Revolving Credit Facility. The Base Rate is calculated as the greater of (i) the KeyBank Prime rate or (ii) the Federal Funds rate plus 0.50%. Payments under the KeyBank Revolving Credit Facility are interest only and are due on the first day of each quarter.

	The KeyBank Revolving Credit Facility will initially be secured by a pledge of 100% of the ownership interests in each special purpose entity which owns a pool property. Upon the occurrence of certain conditions set forth in the credit agreement, the security for the KeyBank Revolving Credit Facility shall be released, at the Company's request, provided there is no event of default then existing, and the facility will then be deemed an unsecured revolver.
	In addition to customary representations, warranties, covenants, and indemnities, the KeyBank Revolving Credit Facility requires the Company to comply with the following at all times, which will be tested on a quarterly basis:

	•	a maximum consolidated leverage ratio of 60%, or, once the collateral pledges are released, the ratio may increase to 65% for up to four consecutive quarters after a material acquisition only after the facility is deemed unsecured;

	•	a minimum consolidated tangible net worth of 80% of the Company's consolidated tangible net worth at closing of the KeyBank Revolving Credit Facility, or approximately $4.7 million, plus 75% of net future equity issuances (including units of operating partnership interests in the Company);

	•	a minimum consolidated fixed charge coverage ratio of not less than 1.50:1.00, commencing as of the quarter ending March 31, 2016;

	•	a maximum total secured debt ratio of not greater than 40%, which ratio will increase by five percentage points for four quarters after closing of a material acquisition that is financed with secured debt;

	•	a maximum total secured recourse debt ratio, excluding recourse obligations associated with interest rate hedges, of 10% of the Company's total asset value, at the time the Company's tangible net worth equals or exceeds $250 million (secured debt is not permitted prior to the time the Company's tangible net worth exceeds $250 million);

	•	aggregate maximum unhedged variable rate debt of not greater than 30% of the Company's total asset value; and

	•	a maximum payout ratio of not greater than 95% of core funds from operations of the Company, commencing as of the quarter ending March 31, 2018.
	As of December 31, 2014, the Company had not drawn any funds pursuant to the KeyBank Revolving Credit Facility and was in compliance with all applicable covenants.

Equity

Equity	11 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Equity	Equity

	Distribution Reinvestment Plan

	The Company adopted a distribution reinvestment plan ("DRP"), that allows stockholders to have distributions otherwise distributable to them invested in additional shares of common stock. The plan became effective on the effective date of the Company’s Offering, July 31, 2014. No sales commission or dealer manager fee will be paid on shares sold through the DRP. The Company may amend or terminate the DRP for any reason at any time upon 10 days' prior written notice to stockholders. As of December 31, 2014, 5,333 shares had been issued under the DRP in the Offering.

	Share Redemption Program

	The Company adopted a share redemption program that will enable stockholders to sell their stock to the Company in limited circumstances. As long as the common stock is not listed on a national securities exchange or over-the-counter market, stockholders who have held their stock for at least one year may be able to have all or any portion of their shares of stock redeemed by the Company. The Company may redeem the shares of stock presented for redemption for cash to the extent that there are sufficient funds available to fund such redemptions. In no event shall the Company redeem more than 5.0% of the weighted average shares outstanding during the prior calendar year, and the cash available for redemption will be limited to the proceeds from the sale of shares pursuant to the Company’s DRP. Share redemption requests must be received by the Company no later than the last business day of the calendar quarter, and shares will be redeemed on the last business day of the month following such calendar quarter. The redemption amount is expected to be the redemption rate set forth in the following table which is based upon the number of years the stock is held:



	Number Years Held	Redemption Price
	Less than 1	No Redemption Allowed
	1 or more but less than 2	90.0% of redemption amount
	2 or more but less than 3	95.0% of redemption amount
	3 or more but less than 4	97.5% of redemption amount
	4 or more	100.0% of redemption amount

	For 18 months after the most recent offering of shares, the redemption amount shall be the per share price of the most recent offering. Thereafter, the per share redemption amount will be based on the then-current net asset value. The redemption amount is subject to adjustment as determined from time to time by the board of directors. As of December 31, 2014, $50,666 in shares of common stock would be available for redemption. The Company, however, will not redeem any shares until the shares have been outstanding for at least one year, subject to terms of the share redemption program. (See Note 5, Noncontrolling Interests, for discussion on the noncontrolling interests that are eligible for redemption).

	As the use of the proceeds from the DRP for redemptions is outside the Company’s control, the net proceeds from the distribution reinvestment plan are considered to be temporary equity under EITF Topic No. D-98 Classification and Measurement of Redeemable Securities and Accounting Series Release No. 268, Presentation in Financial Statements of Redeemable Preferred Stock, and are, therefore, presented as common stock subject to redemption in the accompanying consolidated balance sheets. The cumulative proceeds from the DRP, net of any redemptions, will be computed at each reporting date and will be classified as temporary equity in the Company’s balance sheet. As noted above, the redemption is limited to proceeds from new permanent equity from the sale of shares pursuant to the Company’s DRP.

Noncontrolling_Interests

Noncontrolling Interests	11 Months Ended
	Dec. 31, 2014
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interests

	Noncontrolling interests represent limited partnership interests in the Operating Partnership in which the Company is the general partner. The Operating Partnership issued 20,000 limited partnership units to the Advisor for $10 per unit on February 11, 2014 in exchange for the initial capitalization of the Operating Partnership. As of December 31, 2014, noncontrolling interest was approximately 1.7% of total shares outstanding, and approximately 11.7% of weighted average shares outstanding (both measures assuming limited partnership units were converted to common stock).

	The limited partners of the Operating Partnership will have the right to cause the Operating Partnership to redeem their limited partnership units for cash equal to the value of an equivalent number of shares, or, at the Company’s option, the Company may purchase such limited partners' limited partnership units by issuing one share of common stock for each limited partnership unit redeemed. These rights may not be exercised under certain circumstances which could cause the Company to lose its REIT election. Furthermore, limited partners may exercise their redemption rights only after their limited partnership units have been outstanding for one year. The limited partnership units are reported on the consolidated balance sheets as noncontrolling interests.

	The following summarizes the activity for noncontrolling interests for the period February 11, 2014 (date of initial capitalization) through December 31, 2014:


		For the period
		11-Feb-14
		(Date of Initial Capitalization)
		through
		December 31, 2014
	Beginning balance	$	200,000

	Distributions to noncontrolling interests	(2,983		)
	Net loss	(57,976		)
	Ending balance	$	139,041

Related_Party_Transactions

Related Party Transactions

11 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions

The following table summarizes the related party costs and fees incurred, paid and due to affiliates as of December 31, 2014:

Year Ended December 31, 2014

Incurred

Paid

Payable

Organization and offering expenses

Organizational expenses

78,641

—

78,641

Offering expenses

306,514

—

306,514

Other costs advanced by the Advisor

448,213

—

448,213

Selling commissions

576,544

553,578

22,966

Dealer Manager fees

271,836

261,994

9,842

Total due to affiliates, net

1,681,748

815,572

866,176

Advisory and Dealer Manager Agreements

The Company does not expect to have any employees. The Advisor is primarily responsible for managing the business affairs and carrying out the directives of the Company’s board of directors. The Company has executed an advisory agreement with the Advisor and a dealer manager agreement with the Dealer Manager for the Offering. The agreements entitle the Advisor and the Dealer Manager to certain fees upon the provision of certain services with regard to the Offering and investment of funds in real estate properties, among other services, as well as reimbursement for organizational and offering costs incurred by the Advisor on the Company’s behalf and reimbursement of certain costs and expenses incurred by the Advisor in providing services to the Company.

The Advisory Agreement requires, upon termination of the Offering, that any organizational and offering costs, including sales commissions and dealer manager fees, incurred above 15% of gross equity raised in the Company’s Offering and that any organizational and offering costs not including sales commissions and dealer manager fees, incurred above 3.5% of gross equity raised in the Company’s Offering shall be reimbursed to the Company. As of December 31, 2014, organizational and offering exceed the limitations set forth by approximately $1.1 million. Therefore, if the Offering was terminated on December 31, 2014, based on gross offering proceeds raised, net of discounts, in the Offering of $11.0 million, the Company would be liable for organizational and offering costs incurred by the Advisor, less the amount by which the organizational and offering costs exceeded the limitations discussed above. See Note 2, Basis of Presentation and Summary of Significant Accounting Policies — Organizational and Offering Costs.

Dealer Manager Agreement

The Company executed a dealer manager agreement with the Dealer Manager, which was amended on November 25, 2014, entitling the Dealer Manager to receive a sales commission and dealer manager fee equal to 7.0% and 3.0%, respectively, of gross proceeds from shares sold in the Primary Offering. The Dealer Manager will enter into participating dealer agreements with certain other broker-dealers authorizing them to sell shares of the Company in the Primary Offering. Upon the sale of the Company's shares by such broker-dealers, the Dealer Manager will re-allow all of the sales commissions paid in connection with sales made by these broker-dealers. The Dealer Manager may also re-allow to these broker-dealers a portion of the 3.0% dealer manager fee as marketing fees, reimbursement of certain costs and expenses of attending training and education meetings sponsored by the Dealer Manager, payment of attendance fees required for employees of the Dealer Manager or other affiliates to attend retail seminars and public seminars sponsored by these broker-dealers, or to defray other distribution-related expenses.

Acquisition and Disposition Fees

Under the advisory agreement, the Advisor is entitled to receive acquisition and advisory fees equal to 2.0% of the Contract Purchase Price, as defined therein, of each property acquired by the Company, and reimbursement of actual acquisition expenses, estimated to be approximately 1.0% of the Contract Purchase Price of each property acquired by the Company. If the Advisor provides a substantial amount of service in connection with the sale of a property, the advisory agreement allows the Advisor to receive fees equal to the lesser of: (a) 2.0% of the contract sale price, or (b) 50% of the competitive real estate commission. The total disposition fees paid (including fees paid to third parties) may not exceed the lesser of a competitive real estate commission or an amount equal to 6.0% of the contract sale price of the property. As of December 31, 2014, the Company had not acquired nor disposed of any real estate assets and thus did not earn acquisition or disposition related fee.

Asset Management Fee

The Advisor will also receive an annual asset management fee for managing the Company’s assets equal to 1.0% of the aggregate asset value of its assets. The fee will be paid monthly. As of December 31, 2014, the Company had not acquired any real estate assets and thus did not earn an asset management fee.

Property Management Agreement

The Company will execute a property management agreement(s) directly with third party property manager(s), entitling the Property Manager to receive a fee for overseeing the services provided by the third party property manager(s) on behalf of the Company’s properties equal to 1.0% of the gross revenues from the properties, plus reimbursement of the direct costs of managing the properties, if applicable. In the event that the Company contracts directly with the Property Manager with respect to a particular property, the Company will pay the Property Manager a property management fee up to 3.0%, or greater if the lease so allows, of the gross revenues of the property managed. In no event will the Company pay both a property management fee and an oversight fee to the Property Manager with respect to a particular property.

In addition, the Company may pay the Property Manager or its designees a leasing fee in an amount equal to the fee customarily charged by others rendering similar services in the same geographic area. The Company may also pay the Property Manager or its designees a construction management fee for planning and coordinating the construction of any tenant directed improvements for which the Company is responsible to perform pursuant to lease concessions, including tenant-paid finish-out or improvements. The Property Manager shall also be entitled to a construction management fee of 5% of the cost of improvements. In the event that the Property Manager assists with the development or redevelopment of a property, the Company may pay a separate market-based fee for such services.

Subordinated Share of Net Sale Proceeds

The Advisor may be entitled to a subordinated distribution if the Company sells its properties. Pursuant to certain provisions in the operating partnership agreement, if the Company sells its properties, the Advisor will be entitled to a distribution of 15.0% of remaining net sale proceeds after return of capital plus payment to stockholders of a 6.0% annual, cumulative, non-compounded return.

Subordinated Performance Distribution Due Upon Termination of Advisory Agreement

The Advisor may be entitled to a subordinated distribution if the Company terminates the advisory agreement. Pursuant to certain provisions contained in the operating partnership agreement, if the Company terminates the advisory agreement, the Advisor will be entitled to a distribution of 15.0% of the amount by which (1) the appraised value of the Company’s properties at the termination date, less the current outstanding amount of liabilities secured by the Company's assets, plus all distributions paid through the termination date exceeds (2) the sum of total stockholder invested capital plus distributions required to be made to generate a 6.0% cumulative, non-compounded return to the stockholders through the termination date.

Subordinated Incentive Listing Distribution

The Advisor may be entitled to a subordinated distribution if the Company lists its shares of common stock on a national securities exchange. Pursuant to certain provisions contained in the operating partnership agreement, if the Company lists its shares of common stock on a national securities exchange, the Advisor will be entitled to a distribution of 15.0% of the amount by which (1) the average market value of the shares outstanding at listing over a period of 30 trading days commencing after the first day of the sixth month, but no later than the last day of the eighteenth (18th) month, after the shares are first listed, plus all distributions made through the date that the market value of the shares is determined exceeds (2) the sum of total stockholder invested capital plus distributions required to be made to generate a 6.0% cumulative, non-compounded return to the stockholders through the date that the market value of the shares is determined.

Subordinated Distribution Due Upon Extraordinary Transaction

The advisor may be entitled to a subordinated distribution if the Company merges or engages in a corporate reorganization or other transaction in which substantially all of the business or securities of the Company are transferred. Pursuant to certain provisions contained in the operating partnership agreement, if the Company elects to engage in such an extraordinary transaction, the Advisor will be entitled to a distribution of 15% of the amount by which (1) the transaction amount, as defined in the operating partnership agreement, exceeds (2) the sum of total stockholder invested capital plus distributions required to be made to generate a 6.0% cumulative, non-compounded return to stockholders through the date the transaction amount is determined.

Employee and Director Long-Term Incentive Plan

The Company’s board of directors and sole stockholder adopted a long term incentive plan (“Plan”), which provides for the grant of awards to the Company's directors and full-time employees (should the Company ever have employees), directors and full-time employees of the Advisor and affiliate entities that provide services to the Company, and certain consultants that provide services to the Company, the Advisor, or affiliate entities. Awards granted under the Plan may consist of stock options, restricted stock, stock appreciation rights, distribution equivalent rights and other equity-based awards. The stock-based payment will be measured at fair value and recognized as compensation expense over the vesting period. The term of the Plan is ten years and the total number of shares of common stock reserved for issuance under the Plan will be equal to 10% of the outstanding shares of stock at any time, not to exceed 10,000,000 shares in the aggregate. As of December 31, 2014, no awards have been granted under the Plan.

Conflicts of Interest

The Sponsor, Advisor, Property Manager and their officers and certain of their key personnel and their respective affiliates currently serve as key personnel, advisors, managers and sponsors to some or all of 14 other real estate programs affiliated with the Sponsor, including Griffin-American Healthcare REIT III, Inc. ("GAHR III"), a publicly-registered, non-traded real estate investment trust. The Company's Sponsor is also the sponsor of Griffin Capital Essential Asset REIT, Inc. ("GCEAR"), Griffin-Benefit Street Partners BDC Corp. ("GB-BDC"), a non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the 1940 Act, and Griffin Institutional Access Real Estate Fund ("GIREX"), a non-diversified, closed-end management investment company that is operated as an interval fund under the 1940 Act. Because these persons have competing demands on their time and resources, they may have conflicts of interest in allocating their time between the Company’s business and these other activities.

Some of the material conflicts that the Advisor, the Dealer Manager or its affiliates will face are (1) competing demand for time of the Advisor’s executive officers and other key personnel from the Sponsor and other affiliated entities; (2) determining if certain investment opportunities should be recommended to the Company or another program sponsored or co-sponsored by the Sponsor; and (3) influence of the fee structure under the advisory agreement and distribution structure of the operating partnership agreement that could result in actions not necessarily in the long-term best interest of the stockholders. The board of directors has adopted the Sponsor’s acquisition allocation policy as to the allocation of acquisition opportunities among the Company and GCEAR, which is as follows:

In the event that an investment opportunity becomes available, the Sponsor will first present the opportunity to GCEAR, who has a right of first refusal on all single tenant net lease real estate assets that fit within the investment objectives of GCEAR until the earlier to occur of (a) the date that is six months after the completion of GCEAR’s last offering of shares of its common stock or (b) the date on which GCEAR has invested all of its available investment equity and achieved a blended loan-to-value ratio of at least 40% across its portfolio of properties. The right of first refusal expired on October 29, 2014. Following the expiration of GCEAR’s right of first refusal, the Sponsor will allocate potential investment opportunities to GCEAR and the Company based on the following factors:

•

the investment objectives of each program;

•

the amount of funds available to each program;

•

the financial impact of the acquisition on each program, including each program’s earnings and distribution ratios;

•

various strategic considerations that may impact the value of the investment to each program;

•

the effect of the acquisition on diversification of each program’s investments; and

•

the income tax effects of the purchase to each program.

If, after consideration of these factors, the investment opportunity is suitable for GCEAR and the Company, then:

•

GCEAR will have priority for investment opportunities of $75 million or greater; and

•

the Company will have priority for investment opportunities of $35 million or less, until such time as the Company reach $500 million in aggregate assets (based on contract purchase price).

In the event all acquisition allocation factors have been exhausted and an investment opportunity remains equally suitable for GCEAR and the Company, the Sponsor will offer the investment opportunity to the REIT that has had the longest period of time elapse since it was offered an investment opportunity.

If the Sponsor no longer sponsors GCEAR, then, in the event that an investment opportunity becomes available that is suitable, under all of the factors considered by the Advisor, for both the Company and one or more other entities affiliated with the Sponsor, the Sponsor has agreed to present such investment opportunities to the Company first, prior to presenting such opportunities to any other programs sponsored by or affiliated with the Sponsor. In determining whether or not an investment opportunity is suitable for more than one program, the Advisor, subject to approval by the board of directors, shall examine, among others, the following factors:

•

anticipated cash flow of the property to be acquired and the cash requirements of each program;

•

effect of the acquisition on diversification of each program’s investments;

•

policy of each program relating to leverage of properties;

•

income tax effects of the purchase to each program;

•

size of the investment; and

•

amount of funds available to each program and the length of time such funds have been available for investment.

Economic Dependency

The Company will be dependent on the Advisor and the Dealer Manager for certain services that are essential to the Company, including the sale of the Company’s shares of common stock available for issue, the identification, evaluation, negotiation, purchase and disposition of properties and other investments, management of the daily operations of the Company’s real estate portfolio, and other general and administrative responsibilities. In the event that these companies are unable to provide the respective services, the Company will be required to obtain such services from other resources.

Commitments_and_Contingencies

Commitments and Contingencies	11 Months Ended
Commitments and Contingencies	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies

	Litigation

	From time to time, the Company may become subject to legal proceedings, claims and litigation arising in the ordinary course of business. The Company is not a party to any material legal proceedings, nor is the Company aware of any pending or threatened litigation that would have a material adverse effect on the Company’s business, operating results, cash flows or financial condition should such litigation be resolved unfavorably.

Declaration_of_Distributions

Declaration of Distributions	11 Months Ended
Declaration of Distributions	Dec. 31, 2014
Declaration of Distributions [Abstract]
Declaration of Distributions	Declaration of Distributions
	During the quarter ended December 31, 2014, the Company paid distributions in the amount of $0.00150684932 per day per share on the outstanding shares of common stock payable to stockholders of record at the close of business on each day during the period from October 1, 2014 through December 31, 2014. Such distributions were paid on a monthly basis, on or about the first day of the month, for the month then-ended.
	On December 15, 2014, the Company’s board of directors declared distributions in the amount of $0.00150684932 per day per share on the outstanding shares of common stock payable to stockholders of record at the close of business on each day during the period from January 1, 2015 through March 31, 2015. Such distributions payable to each stockholder of record during a month will be paid on such date of the following month as the Company’s Chief Executive Officer may determine.

Selected_Quarterly_Financial_D

Selected Quarterly Financial Data	11 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information	Selected Quarterly Financial Data (Unaudited)
	Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2014:



		2014
		First Quarter		Second Quarter		Third Quarter			Fourth Quarter
	Total revenue	$	—	$	—	$	—		$	—

	Net loss	$	—	$	—	(175,918		)	$	(318,674	)

	Net loss attributable to common stockholders	$	—	$	—	$	(89,366	)	$	(306,640	)

	Net loss per Class A share	$	—	$	—	$	(4.32	)	$	(0.60	)

Subsequent_Events

Subsequent Events	11 Months Ended
Subsequent Events	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events

	Status of the Offering

	As of March 6, 2015, the Company has received and accepted subscriptions in the Offering for 4,008,704 Class A shares of common stock, or $39,709,545, excluding Class A shares of common stock issued pursuant to the DRP. To date, a total of $149,375 in distributions were reinvested pursuant to the DRP and 15,724 Class A shares of common stock were issued pursuant to the DRP.

	Changes to the Composition of the Company's Board of Directors

	On February 4, 2015, the Company's nominating and corporate governance committee and the Company's board of directors determined to increase the size of the board of directors from three directors to five directors. Also on February 4, 2015, the Company's nominating and corporate governance committee and the Company's board of directors appointed Michael J. Escalante as a member of the board of directors and appointed Samuel Tang as an independent director member of the board of directors, as well as a member of the nominating and corporate governance committee and a member and Chairman of the audit committee. The board of directors has reviewed Mr. Tang's background and qualifications and has deemed him to be an "audit committee financial expert," as such term is defined by the rules and regulations of the SEC.

	On February 4, 2015, in connection with the appointment of Mr. Tang to the board of directors and the audit committee, Timothy J. Rohner, an independent director, member and Chairman of the audit committee, and member of the nominating and corporate governance committee, resigned from his position as Chairman of the audit committee in order for the board of directors to elect Mr. Tang as the new Chairman. Mr. Rohner remains an independent director and member of the audit committee and the nominating and corporate governance committee. Mr. Rohner's decision to resign as Chairman of the audit committee did not involve any disagreement with the Company, the Company's management, or the board of directors.

	Declaration of Distributions

	On March 3, 2015, the Company’s board of directors declared distributions in the amount of $0.00150684932 per day per share on the outstanding shares of common stock payable to stockholders of record at the close of business on each day during the period from April 1, 2015 through June 30, 2015. Such distributions payable to each stockholder of record during a month will be paid on such date of the following month as the Company’s Chief Executive Officer may determine.

	Acquisition of Owens Corning Property

	On March 9, 2015, the Company, through the Operating Partnership, acquired a single story Class A industrial property consisting of approximately 61,200 rentable square feet located in Concord, North Carolina (the "Owens Corning property"). The Owens Corning property is leased in its entirety pursuant to a triple-net lease to Owens Corning Sales, LLC ("Owens Corning Sales"), a wholly-owned subsidiary of Owens Corning, Inc. ("Owens Corning"), obligating Owens Corning Sales to all costs and expenses to operate and maintain the property, including certain capital expenditures. On the acquisition date, the remaining lease term was approximately ten years.
	The purchase price of the Owens Corning property was $5.5 million, which, along with other closing fees and expenses, including acquisition fees and expense reimbursement paid to the Advisor, was funded with proceeds from the Primary Offering.

Basis_of_Presentation_and_Summ1

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	11 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates

	The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents

	The Company considers all short-term, highly liquid investments that are readily convertible to cash with a maturity of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents may include cash and short-term investments. Short-term investments are stated at cost, which approximates fair value. There were no cash equivalents, nor were there restrictions on the use of the Company’s cash balance as of December 31, 2014 and February 11, 2014.

	The Company maintains its cash accounts with major financial institutions. The cash balances consist of business checking accounts. These accounts are insured by the Federal Deposit Insurance Corporation up to $250,000 at each institution. The Company has not experienced any losses with respect to cash balances in excess of government provided insurance. Management believes there was no significant concentration of credit risk with respect to these cash balances at December 31, 2014.
Real Estate Assets	Real Estate Assets

	Real Estate Purchase Price Allocation

	The Company will apply the provisions in ASC 805-10, Business Combinations, to account for the acquisition of real estate, or real estate related assets, in which a lease, or other contract, is in place representing an active revenue stream, as a business combination. In accordance with the provisions of ASC 805-10, the Company will recognize the assets acquired, the liabilities assumed and any noncontrolling interest in the acquired entity at their fair values as of the acquisition date, on an “as if vacant” basis. Further, the Company will recognize the fair value of assets acquired, liabilities assumed and any noncontrolling interest in acquisitions of less than a 100% interest when the acquisition constitutes a change in control of the acquired entity. The accounting provisions have also established that acquisition-related costs and restructuring costs are considered separate and not a component of a business combination and, therefore, are expensed as incurred.

	Acquired in-place leases will be valued as above-market or below-market as of the date of acquisition. The valuation will be measured based on the present value (using an interest rate, which reflects the risks associated with the leases acquired) of the difference between (a) the contractual amounts to be paid pursuant to the in-place leases and (b) management’s estimate of fair market lease rates for the corresponding in-place leases over a period equal to the remaining non-cancelable term of the lease for above-market leases, taking into consideration below-market extension options for below-market leases. In addition, any renewal options will be considered and will be included in the valuation of in-place leases if (1) it is likely that the tenant will exercise the option, and (2) the renewal rent is considered to be sufficiently below a fair market rental rate at the time of renewal. The above-market and below-market lease values will be capitalized as intangible lease assets or liabilities and amortized as an adjustment to rental income over the remaining terms of the respective leases, including below market renewal options.

	The aggregate fair value of in-place leases includes direct costs associated with obtaining a new tenant, opportunity costs associated with lost rentals, which are avoided by acquiring an in-place lease, and tenant relationships. Direct costs associated with obtaining a new tenant include commissions, tenant improvements, and other direct costs and are estimated using methods similar to those used in independent appraisals and management’s consideration of current market costs to execute a similar lease. These direct costs are considered intangible lease assets and will be included with real estate assets on the consolidated balance sheets. The intangible lease assets will be amortized to expense over the remaining terms of the respective leases. The value of opportunity costs is calculated using the contractual amounts to be paid, including real estate taxes, insurance, and other operating expenses, pursuant to the in-place leases over a market lease-up period for a similar lease. Customer relationships are valued based on management’s evaluation of certain characteristics of each tenant’s lease and the Company’s overall relationship with that respective tenant. Characteristics management will consider in allocating these values include the nature and extent of the Company’s existing business relationships with tenants, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals (including those existing under the terms of the lease agreement), among other factors. These intangibles will be included in intangible lease assets on the consolidated balance sheets and will be amortized to expense over the remaining term of the respective leases.

	The determination of the fair values of the assets and liabilities acquired will require the use of significant assumptions about current market rental rates, rental growth rates, discount rates and other variables. The use of inappropriate estimates would result in an incorrect assessment of the purchase price allocations, which could impact the amount of the Company’s reported net income.
Depreciation of Real Property Assets	Depreciation

	The purchase price of real estate to be acquired and the costs related to the development, construction, and property improvements will be capitalized. Repairs and maintenance costs will include all costs that do not extend the useful life of the real estate asset and will be charged to expense as incurred. The Company will consider the period of future benefit of an asset to determine the appropriate useful life.
Impairment of Real Estate and Related Intangible Assets	Impairment of Real Estate and Related Intangible Assets

	The Company will continually monitor events and changes in circumstances that could indicate that the carrying amounts of real estate and related intangible assets may not be recoverable. When indicators of potential impairment are present that indicate that the carrying amounts of real estate and related intangible assets may not be recoverable, management will assess the recoverability of the assets by determining whether the carrying value of the assets will be recovered through the undiscounted future operating cash flows expected from the use of the assets and the eventual disposition. If based on this analysis the Company does not believe that it will be able to recover the carrying value of the asset, the Company will record an impairment loss to the extent the carrying value exceeds the estimated fair value of the asset.

	Projections of expected future undiscounted cash flows require management to estimate future market rental income amounts subsequent to the expiration of current lease agreements, property operating expenses, discount rates, the number of months it takes to re-lease the property and the number of years the property is held for investment. The use of inappropriate assumptions in the future cash flow analysis would result in an incorrect assessment of the property’s future cash flow and fair value and could result in the overstatement of the carrying value of the Company’s real estate and related intangible assets and net income.
Deferred Charges	Deferred Financing Costs
	Deferred financing costs represent commitment fees, loan fees, legal fees and other third-party costs associated with obtaining financing. These costs are amortized to, and included as a component of, interest expense over the terms of the respective financing agreements.
Revenue Recognition	Revenue Recognition

	Upon the acquisition of real estate, certain properties will have leases where minimum rent payments increase during the term of the lease, or certain minimum rent payments are abated. The Company will record rental revenue for the full term of each lease on a straight-line basis. The term of the acquired lease is considered to commence as of the acquisition date for the purposes of the straight-line rent calculation. In accordance with Staff Accounting Bulletin No. 104, “Revenue Recognition in Financial Statements,” the Company will defer the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. Tenant reimbursement revenue, which is comprised of additional rents received from certain tenants to recover certain operating and capital expenses, including property maintenance and services, property taxes, and insurance, will be recognized as revenue when the additional rent is due, pursuant to the lease.
Organizational and Offering Costs	Organizational and Offering Costs

	The Company expects that organizational and offering costs of the Offering will be paid by the Sponsor, on behalf of the Advisor, for the Company and will be reimbursed from the proceeds of the Offering. Organizational and offering costs consist of all expenses (other than sales commissions and the dealer manager fees) to be paid by the Company in connection with the Offering, including legal, accounting, printing, mailing and filing fees, charges from the escrow holder and other accountable offering expenses, including, but not limited to: (i) amounts to reimburse the Advisor for all marketing related costs and expenses such as salaries and direct expenses of employees of the Advisor and its affiliates in connection with registering and marketing the Company’s shares; (ii) technology costs associated with the offering of the Company’s shares; (iii) costs of conducting training and education meetings; (iv) costs of attending seminars conducted by participating broker-dealers; and (v) payment or reimbursement of bona fide due diligence expenses.

	Pursuant to the Advisory Agreement, in no event will the Company be obligated to reimburse the Advisor for organizational and offering costs incurred in connection with the Offering totaling in excess of (i) 3.5% (excluding sales commissions and the dealer manager fees) of the gross proceeds raised in the Offering (excluding gross proceeds from the distribution reinvestment plan), and (ii) 15% (including sales commissions, dealer manager fees and non-accountable due diligence expense allowance but excluding acquisition fees and expenses) of the gross proceeds raised in the Offering (excluding gross proceeds from the distribution reinvestment plan). If the organization and offering costs exceeded such limits discussed above, within 60 days after the end of the month in which the Offering terminated or was completed, the Advisor would have been obligated to reimburse the Company for any excess amounts. As long as the Company is subject to the Statement of Policy Regarding Real Estate Investment Trusts published by the North American Securities Administrators Association (“NASAA REIT Guidelines”), such limitations discussed above will also apply to any future public offerings.
Noncontrolling Interests	Noncontrolling Interests

	Due to the Company’s control through the general partnership interest in the Operating Partnership and the limited rights of the limited partner, the Operating Partnership, including its wholly-owned subsidiary, is consolidated with the Company and the limited partner interest is reflected as noncontrolling interests in the accompanying consolidated balance sheets.

	The Company reports noncontrolling interests in subsidiaries within equity in the consolidated balance sheets, but separate from the parent shareholders’ equity. Also, any acquisitions or dispositions of noncontrolling interests that do not result in a change of control will be accounted for as equity transactions. Further, the Company will recognize a gain or loss in net income (loss) when a subsidiary is deconsolidated upon a change in control. Net income (loss) attributable to noncontrolling interests will be shown as a reduction to net income (loss) in calculating net income (loss) attributable to common stockholders. Any future purchase or sale of interest in an entity that results in a change of control may have a material impact on the Company’s financial statements as the Company’s interest in the entity will be recognized at fair value with gains and losses included in net income (loss).

Fair Value Measurements	Fair Value Measurements

	The fair value of financial and nonfinancial assets and liabilities is based on a fair value hierarchy established by the FASB that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described as follows:

	•	Level 1. Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets;

	•	Level 2. Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and

	•	Level 3. Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

	When available, the Company utilizes quoted market prices for similar assets or liabilities from independent third-party sources to determine fair value. Financial instruments as of December 31, 2014 consisted of cash and cash equivalents, other assets, accounts payable and other accrued expenses. The amounts of the financial instruments presented in the consolidated financial statements substantially approximate their fair value as of December 31, 2014 and February 11, 2014.
Income Taxes	Income Taxes

	The Company intends to make an election to be taxed as a REIT, under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, and expects to be taxed as such for the taxable year ending December 31, 2015, assuming the Company satisfies the REIT qualification requirements for such year. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to currently distribute at least 90% of the REIT’s ordinary taxable income to stockholders. As a REIT, the Company generally will not be subject to federal income tax on taxable income that is distributed to stockholders. If the Company fails to qualify as a REIT in any taxable year, after the Company initially qualifies to be taxed as a REIT, the Company will then be subject to federal income taxes on the taxable income at regular corporate rates and will not be permitted to qualify for treatment as a REIT for federal income tax purposes for four years following the year during which qualification is lost unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Such an event could materially adversely affect net income and net cash available for distribution to stockholders. However, the Company believes that it will be organized and operate in such a manner as to qualify for treatment as a REIT and intends to operate in the foreseeable future in such a manner that it will remain qualified as a REIT for federal income tax purposes.

	The Company could engage in certain business activities that could have an adverse effect on its REIT qualification. The Company has elected to isolate these business activities in the books and records of the TRS. In general, the TRS may perform additional services for the Company’s tenants and generally may engage in any real estate or non-real estate related business. The TRS will be subject to corporate federal and state income tax. As of December 31, 2014, the TRS has not commenced operations.
Per Share Data	Per Share Data

	The Company reports earnings per share for the period as (1) basic earnings per share computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period, and (2) diluted earnings per share computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding, including common stock equivalents.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements

	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”). ASU No. 2014-09 replaces substantially all industry-specific revenue recognition requirements and converges areas under this topic with International Financial Reporting Standards. ASU No. 2014-09 implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed to transfer of risk and rewards. ASU No. 2014-09 also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows from contracts with customers. Other major provisions in ASU No. 2014-09 include capitalizing and amortizing certain contract costs, ensuring the time value of money is considered in the applicable transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. ASU No. 2014-09 is effective for reporting periods beginning after December 15, 2016, and early adoption is prohibited. ASU No. 2014-09 does not apply to lease contracts accounted for under Leases (Topic 840). The Company is evaluating ASU No. 2014-09 for its potential impact on the Company's financial statements.

Basis_of_Presentation_and_Summ2

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	11 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Schedule of estimated useful lives of assets	The Company anticipates the estimated useful lives of its assets by class to be generally as follows:



	Buildings	40 years
	Building Improvements	5-20 years
	Land Improvements	15-25 years
	Tenant Improvements	Shorter of estimated useful life or remaining contractual lease term
	Tenant Origination and Absorption Cost	Remaining contractual lease term
	In-place Lease Valuation	Remaining contractual lease term with consideration as to below-market extension options for below-market leases
Organizational and Offering Costs Incurred	Organizational and offering costs incurred as of December 31, 2014, including those due to the Advisor, for the Offering are as follows:



		December 31, 2014
	Cumulative offering costs	$	2,063,907

	Cumulative organizational costs	$	311,864

	Organizational and offering costs advanced by and due to the Advisor	$	1,527,392

	Adjustment to organizational and offering costs pursuant to limitations discussed above	$	(1,142,237	)
	Net due to Advisor	$	385,155

Equity_Tables

Equity (Tables)	11 Months Ended
Equity (Tables)	Dec. 31, 2014
Equity [Abstract]
Share redemption price	The redemption amount is expected to be the redemption rate set forth in the following table which is based upon the number of years the stock is held:



	Number Years Held	Redemption Price
	Less than 1	No Redemption Allowed
	1 or more but less than 2	90.0% of redemption amount
	2 or more but less than 3	95.0% of redemption amount
	3 or more but less than 4	97.5% of redemption amount
	4 or more	100.0% of redemption amount

Noncontrolling_Interests_Table

Noncontrolling Interests (Tables)	11 Months Ended
	Dec. 31, 2014
Noncontrolling Interest [Abstract]
Noncontrolling Interests	The following summarizes the activity for noncontrolling interests for the period February 11, 2014 (date of initial capitalization) through December 31, 2014:


		For the period
		11-Feb-14
		(Date of Initial Capitalization)
		through
		December 31, 2014
	Beginning balance	$	200,000

	Distributions to noncontrolling interests	(2,983		)
	Net loss	(57,976		)
	Ending balance	$	139,041

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	11 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table summarizes the related party costs and fees incurred, paid and due to affiliates as of December 31, 2014:


		Year Ended December 31, 2014
		Incurred		Paid		Payable
	Organization and offering expenses
	Organizational expenses	$	78,641	$	—	$	78,641

	Offering expenses	306,514		—		306,514

	Other costs advanced by the Advisor	448,213		—		448,213

	Selling commissions	576,544		553,578		22,966

	Dealer Manager fees	271,836		261,994		9,842

	Total due to affiliates, net	$	1,681,748	$	815,572	$	866,176

Selected_Quarterly_Financial_D1

Selected Quarterly Financial Data (Tables)	11 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2014:



		2014
		First Quarter		Second Quarter		Third Quarter			Fourth Quarter
	Total revenue	$	—	$	—	$	—		$	—

	Net loss	$	—	$	—	(175,918		)	$	(318,674	)

	Net loss attributable to common stockholders	$	—	$	—	$	(89,366	)	$	(306,640	)

	Net loss per Class A share	$	—	$	—	$	(4.32	)	$	(0.60	)

Organization_Details

Organization (Details) (USD $)	0 Months Ended	11 Months Ended
Organization (Details) (USD $)	Jul. 31, 2014	Dec. 31, 2014	Sep. 23, 2014	Feb. 11, 2014	Nov. 20, 2013
Subsidiary, Sale of Stock [Line Items]
Common stock, number of shares authorized (in shares)	700,000,000				30,000
Number of shares outstanding				100
Common stock value purchased by Advisor				$1,000
Common Stock, Par or Stated Value Per Share	$0.00
Preferred Stock, Shares Authorized	200,000,000	200,000,000		200,000,000
Preferred Stock, Par or Stated Value Per Share	$0.00	0.001		$0.00
Common stock of the Company pursuant to the distribution reinvestment plan	200,000,000
Common Stock, Value, Issued			2,000,000
Limited liability partnership percentage of interest held				99.00%
Limited partnership, purchase price				200,000
Initial capital contribution				1,000
General partner percentage interest obtained				1.00%
Minimum
Subsidiary, Sale of Stock [Line Items]
Offering amount in sales of shares	2,000,000		2,000,000
Maximum
Subsidiary, Sale of Stock [Line Items]
Offering amount in sales of shares	2,000,000,000
Class A
Subsidiary, Sale of Stock [Line Items]
Common stock, number of shares authorized (in shares)		700,000,000		700,000,000
Number of shares outstanding		1,133,773		100
Common Stock, Par or Stated Value Per Share		0.001		$0.00
Common stock offer price per share (in usd per share)	$10
Common stock of the Company pursuant to the distribution reinvestment plan	200,000,000
Share price offered through the DRP (in usd per share)	$9.50
Sales commissions percentage	7.00%
Common Stock, Value, Issued		11,335		1
Class A \| Dealer Manager Agreement
Subsidiary, Sale of Stock [Line Items]
Sales commissions percentage		7.00%
Class A \| Maximum
Subsidiary, Sale of Stock [Line Items]
Offering amount in sales of shares	$2,000,000,000
Class T \| Dealer Manager Agreement
Subsidiary, Sale of Stock [Line Items]
Stockholder Servicing Fee, Daily Accrual Rate as Percentage of Class T Shares Sold		0.00%
Distribution Reinvestment Plan \| Class A
Subsidiary, Sale of Stock [Line Items]
Number of shares outstanding		5,333

Basis_of_Presentation_and_Summ3

Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) (USD $)	0 Months Ended	3 Months Ended	11 Months Ended
	Dec. 15, 2014	Dec. 31, 2014	Dec. 31, 2014	Sep. 15, 2014	Feb. 11, 2014	Sep. 24, 2014
	Dec. 15, 2014	Dec. 31, 2014	Dec. 31, 2014	sqft	Feb. 11, 2014	Sep. 24, 2014
Accounting Policies [Line Items]
Real estate acquisition deposits		$2,000,000	$2,000,000		$0
Cash equivalents		0	0		0
Amount insured by FDIC		250,000	250,000
Percentage of ownership interests acquired in acquisitions in which noncontrolling interest is recognized - less than		100.00%	100.00%
Area of real estate property				120,000
Preconfirmation, Deferred Financing Costs		1,900,000	1,900,000		0
Percentage of Gross Proceeds Reimbursed from Organizational and Offering Costs Limit			3.50%
Percentage of Organizational and Offering Costs Limit			15.00%
Organizational and offering costs advanced by and due to the Advisor		1,142,237	1,142,237
Issuance of common stock, net of discounts			11,004,439
Dividends declared (usd per share)	$0.00	$0.00
Accounts Payable and Accrued Liabilities [Member]
Accounting Policies [Line Items]
Accrued Professional Fees		62,500	62,500
Board Fees Payable		60,500	60,500
Atlas Copco Property
Accounting Policies [Line Items]
Real estate acquisition deposits						$2,000,000

Basis_of_Presentation_and_Summ4

Basis of Presentation and Summary of Significant Accounting Policies (Details)	11 Months Ended
	Dec. 31, 2014
Building
Property, Plant and Equipment [Line Items]
Estimated life of assets	40 years
Building Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated life of assets	5 years
Building Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated life of assets	20 years
Land Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated life of assets	15 years
Land Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated life of assets	25 years
Tenant Improvements
Property, Plant and Equipment [Line Items]
Estimated useful life of assets description	Shorter of estimated useful life or remaining contractual lease term
Tenant Origination and Absorption Cost
Property, Plant and Equipment [Line Items]
Estimated useful life of assets description	Remaining contractual lease term
In-place Lease Valuation
Property, Plant and Equipment [Line Items]
Estimated useful life of assets description	Remaining contractual lease term with consideration as to below-market extension options for below-market leases

Basis_of_Presentation_and_Summ5

Basis of Presentation and Summary of Significant Accounting Policies (Details 1) (USD $)	Dec. 31, 2014
Accounting Policies [Abstract]
Cumulative offering costs	$2,063,907
Cumulative organizational costs	311,864
Organizational and offering costs advanced by and due to the Advisor	1,527,392
Adjustment to organizational and offering costs pursuant to limitations discussed above	-1,142,237
Net due to Advisor	$385,155

Debt_Details

Debt (Details) (Key Bank Credit Facility, Revolving Credit Facility, USD $)	0 Months Ended
	Dec. 12, 2014	Dec. 12, 2014
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$250,000,000	$250,000,000
Line of Credit Facility, Maximum Borrowing Capacity	1,250,000,000	1,250,000,000
Debt Instrument, Collateral Percent	100.00%	100.00%
Minimum Net Worth Required for Compliance, Percent	80.00%	80.00%
Minimum Net Worth Required for Compliance	4,700,000	4,700,000
Net Future Equity Issuances Required for Compliance, Percent	75.00%	75.00%
Debt Instrument, Covenant, Fixed Charge Coverage Ratio, Minimum	1.5	1.5
Debt Instrument, Covenant, Secured Debt Ratio, Maximum	40.00%	40.00%
Debt Instrument, Covenant, Increase in Maximum Secured Debt Ratio for One Year After Closing of a Material Acquisition, Percentage Points	5.00%	5.00%
Debt Instrument, Covenant, Secured Recourse Debt Ratio, Maximum	10.00%	10.00%
Debt Instrument, Covenant Compliance, Threshold For Tangible Net Worth	$250,000,000	$250,000,000
Debt Instrument, Maximum Unhedged Variable Rate	30.00%
Debt Instrument, Covenant, Payout Ratio, Maximum	95.00%	95.00%
Federal Funds Rate
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Minimum
Line of Credit Facility [Line Items]
Debt Instrument, Covenant, Leverage Ratio, Maximum	60.00%	60.00%
Maximum
Line of Credit Facility [Line Items]
Debt Instrument, Covenant, Leverage Ratio, Maximum	65.00%	65.00%

Equity_Details

Equity (Details) (USD $)	11 Months Ended	0 Months Ended
Equity (Details) (USD $)	Dec. 31, 2014	Jul. 31, 2014	Feb. 11, 2014
Class of Stock [Line Items]
Redemption period	18 months
Common stock subject to redemption	$50,666		$0
Summary of Redemption Price Per Share [Abstract]
Redemption price per share within 1 year, percent	0.00%
Redemption price per share year 1, percent	90.00%
Redemption price per share year 2, percent	95.00%
Redemption price per share year 3, percent	97.50%
Redemption price per share year 4 and greater, percent	100.00%
Share Redemption Program
Class of Stock [Line Items]
Minimum Holding Period for Redemption of Stock	1 year
Maximum redemption percentage of weighted average shares outstanding	5.00%
Distribution Reinvestment Plan
Class of Stock [Line Items]
Prior Notice Period for Terminate Plan		10 days
Common stock, number of shares issued (in shares)	5,333

Noncontrolling_Interests_Narra

Noncontrolling Interests - Narrative (Details) (USD $)	11 Months Ended
Noncontrolling Interests - Narrative (Details) (USD $)	Dec. 31, 2014	Feb. 11, 2014
Noncontrolling Interest [Line Items]
Percentage Of Total Shares Outstanding Attributable to Noncontrolling Interest	100.00%
Operating Partnership
Noncontrolling Interest [Line Items]
Percentage Of Total Shares Outstanding Attributable to Noncontrolling Interest	1.70%
Percentage of Noncontrolling Interests Based on Weighted Average Shares	11.70%
Operating Partnership \| Limited Partner
Noncontrolling Interest [Line Items]
Limited partnership units issued (in shares)		20,000
Price per partnership unit (in USD per share)		$10
Partnership unit exchange (in shares)	1
Period of unit outstanding	1 year

Noncontrolling_Interests_Detai

Noncontrolling Interests (Details) (USD $)	11 Months Ended
Noncontrolling Interests (Details) (USD $)	Dec. 31, 2014
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	$200,000
Distributions to noncontrolling interests	2,983
Net loss attributable to noncontrolling interests	-57,976
Ending balance	$139,041

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	11 Months Ended	0 Months Ended
Related Party Transactions (Details) (USD $)	Dec. 31, 2014	Jul. 31, 2014
Related Party Transaction [Line Items]
Percentage of Organizational and Offering Costs Limit	15.00%
Percentage of Gross Proceeds Reimbursed from Organizational and Offering Costs Limit	3.50%
Organizational and offering costs advanced by and due to the Advisor	$1,142,237
Issuance of common stock, net of discounts	11,004,439
Asset management fee percentage of average invested assets	6.00%
Gross revenue percentage	1.00%
Property management fees percentage	3.00%
Construction management fee percentage	5.00%
Distribution rate	15.00%
Advisory Agreement, Terms of Distributions to Advisor, Percentage Added to Company's Return on Capital	6.00%
Term for share based compensation plan	10 years
Percentage of common stock reserved for issuance	10.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	10,000,000
Investment terms, minimum loan to value ratio	40.00%
Investment Opportunity, Amount	35,000,000
Investment Opportunity, Aggregate Assets Required	500,000,000
Dealer Manager Agreement
Related Party Transaction [Line Items]
Dealer manager fee percentage	3.00%
Advisory Agreement
Related Party Transaction [Line Items]
Sales commissions percentage	50.00%
Percentage of acquisition fees	2.00%
Expense reimbursement percentage	1.00%
Asset management fee percentage of average invested assets	1.00%
Distribution rate	15.00%
Class A
Related Party Transaction [Line Items]
Sales commissions percentage		7.00%
Class A \| Dealer Manager Agreement
Related Party Transaction [Line Items]
Sales commissions percentage	7.00%
Class T \| Dealer Manager Agreement
Related Party Transaction [Line Items]
Stockholder Servicing Fee, Daily Accrual Rate as Percentage of Class T Shares Sold	0.00%
Maximum
Related Party Transaction [Line Items]
Percentage of Organizational and Offering Costs Limit	15.00%
Percentage of Gross Proceeds Reimbursed from Organizational and Offering Costs Limit	3.50%
Maximum \| Advisory Agreement
Related Party Transaction [Line Items]
Percentage of sale price from properties	2.00%
Percentage of contract sale price	6.00%
Subsidiary of Common Parent
Related Party Transaction [Line Items]
Investment Opportunity, Amount	$75,000,000

Related_Party_Transactions_Det1

Related Party Transactions (Details 2) (USD $)	11 Months Ended
Related Party Transactions (Details 2) (USD $)	Dec. 31, 2014	Feb. 11, 2014
Related Party Transaction [Line Items]
Organizational Expenses Incurred	$78,641
Organizational Expenses Paid	0
Organizational Expenses Payable	78,641
Offering Expenses Incurred	306,514
Offering Expenses Paid	0
Offering Expenses Payable	306,514
Related Party Costs Advanced by Advisor	448,213
Related Party Costs Advanced by Advisor Paid	0
Related Party Costs Advanced by Advisor Payable Receivable	448,213
Organization and Offering Expenses Due to Affiliates, Incurred	1,681,748
Organization and Offering Expenses Due to Affiliates, Paid	815,572
Organization and Offering Expenses Due to Affiliates, Payable	866,176
Payable to related parties	866,176	0
Selling commissions
Related Party Transaction [Line Items]
Expenses from transactions with related party	576,544
Increase (decrease) in due to related parties	553,578
Payable to related parties	22,966
Dealer Manager fees
Related Party Transaction [Line Items]
Expenses from transactions with related party	271,836
Increase (decrease) in due to related parties	261,994
Payable to related parties	$9,842

Declaration_of_Distributions_D

Declaration of Distributions (Details) (USD $)	0 Months Ended	3 Months Ended
Declaration of Distributions (Details) (USD $)	Dec. 15, 2014	Dec. 31, 2014
Declaration of Distributions [Abstract]
Dividends declared (usd per share)	$0.00	$0.00

Selected_Quarterly_Financial_D2

Selected Quarterly Financial Data (Details) (USD $)	3 Months Ended				11 Months Ended
Selected Quarterly Financial Data (Details) (USD $)	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$0	$0	$0	$0	$0
Net loss	-318,674	-175,918	0	0	-494,592
Net loss attributable to common stockholders	($306,640)	($89,366)	$0	$0	($436,616)
Net loss per Class A share, basic and diluted	($0.60)	($4.32)	$0	$0	($2.90)

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	0 Months Ended	3 Months Ended	11 Months Ended	0 Months Ended	13 Months Ended	0 Months Ended
Subsequent Events (Details) (USD $)	Dec. 15, 2014	Dec. 31, 2014	Dec. 31, 2014	Mar. 03, 2015	Mar. 05, 2015	Mar. 09, 2015
Subsequent Event [Line Items]
Issuance of shares for distribution reinvestment plan			$50,666
Dividends declared (usd per share)	$0.00	$0.00
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (usd per share)				$0.00
Class A \| Subsequent Event
Subsequent Event [Line Items]
Common Stock, Shares Subscribed but Unissued					4,008,704
Common Stock, Value, Subscriptions					39,709,545
Issuance of shares for distribution reinvestment plan					149,375
Stock Issued During Period, Shares, Dividend Reinvestment Plan					15,724
Owens Corning Property \| Subsequent Event
Subsequent Event [Line Items]
Rentable Square Feet						61,200
Payments to Acquire Real Estate						$5,500,000