Peakstone Realty Trust (PKST) 10-K 15 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 09, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Griffin Capital Essential Asset REIT II, Inc.
Entity Central Index Key	1,600,626
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
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		75,178,530
Entity Public Float			$ 508,334,447

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 49,340,185	$ 17,609,981
Restricted Cash	14,221,311	0
Land	117,569,491	53,229,574
Building	787,998,830	353,083,087
Tenant origination and absorption cost	227,407,041	110,652,188
Construction in progress	79,993	0
Total real estate	1,133,055,355	516,964,849
Less: accumulated depreciation and amortization	(39,954,771)	(12,060,635)
Total real estate, net	1,093,100,584	504,904,214
Above market leases, net	3,527,854	0
Real estate acquisition deposits	250,000	8,950,000
Deferred rent	5,424,033	1,500,086
Deferred rent	3,956,273
Other assets, net	18,612,308	3,755,692
Total assets	1,184,476,275	536,719,973
LIABILITIES AND EQUITY
Revolving Credit Facility	330,271,808	135,940,517
AIG Loan	126,199,639	126,013,457
Total principal	456,471,447	261,953,974
Restricted reserves	55,797,648	104,951
Accrued expenses and other liabilities	21,527,126	7,011,243
Distributions payable	1,494,119	556,246
Due to affiliates	22,481,213	2,323,696
Below market leases, net	55,319,151	35,262,532
Total liabilities	613,090,704	307,212,642
Commitments and contingencies
Common stock subject to redemption	16,929,838	4,566,044
Stockholders' equity:
Preferred Stock, $0.001 par value, 200,000,000 shares authorized; no shares outstanding, as of December 31, 2016 and 2015	0	0
Common Stock, $0.001 par value, 700,000,000 shares authorized; 70,939,647 and 28,556,170 Class A, Class T and Class I shares outstanding, as of December 31, 2016 and December 31, 2015, respectively.	70,939	28,556
Additional paid-in capital	615,652,878	250,757,479
Cumulative distributions	(38,405,155)	(8,257,717)
Accumulated deficit	(23,787,855)	(17,684,220)
Accumulated other comprehensive income	841,234	0
Total stockholders' equity	554,372,041	224,844,098
Noncontrolling interests	83,692	97,189
Total equity	554,455,733	224,941,287
Total liabilities and equity	$ 1,184,476,275	$ 536,719,973

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015	Jul. 31, 2014	Feb. 11, 2014	Nov. 20, 2013
Statement of Financial Position [Abstract]
Preferred stock, par value (in USD per share)	$ 0.001	$ 0.001	$ 0.001
Preferred stock, number of shares authorized (in shares)	200,000,000	200,000,000	200,000,000
Preferred stock, number of shares outstanding (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.001	$ 0.001	$ 0.001
Common stock, number of shares authorized (in shares)	700,000,000	700,000,000	700,000,000		30,000
Common stock, number of shares outstanding (in shares)	70,939,647	28,556,170		100

Consolidated Statements of Oper

Consolidated Statements of Operations Statement - USD ($)	11 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Rental income	$ 0	$ 51,402,994	$ 21,215,843
Property expense recovery	0	11,409,460	3,933,180
Total revenue	0	62,812,454	25,149,023
Asset management fees to affiliates	0		2,623,770
Property management fees to affiliates	0		333,016
Property operating	0	4,427,715	1,316,891
Property tax	0	7,045,713	2,713,373
Acquisition fees and expenses to non-affiliates	0	1,112,872	3,058,497
Acquisition fees and expenses to affiliates	0	6,175,812	10,876,098
General and administrative	438,806	2,804,249	1,884,983
Related Party Transaction, Expenses from Transactions with Related Party		66,819,460
Corporate operating expenses to affiliates	0		1,936,626
Depreciation and amortization	0	27,894,136	12,060,635
Total expenses	438,806	58,547,700	36,803,889
Income (Loss) from operations	(438,806)	4,264,754	(11,654,866)
Interest expense	(55,786)	(10,384,119)	(4,851,048)
Other income	0	13,015	261
Net loss	(494,592)	(6,106,350)	(16,505,653)
Distributions to redeemable preferred unit holders	0	0	(397,803)
Preferred units redemption premium	0	0	(375,000)
Less: Net loss attributable to noncontrolling interests	57,976	2,715	30,852
Net loss attributable to common stockholders	$ (436,616)	$ (6,103,635)	$ (17,247,604)
Net loss per share, basic and diluted (in USD per share)	$ (0.86)	$ (0.12)	$ (1.19)
Weighted average number of common shares (in shares)	508,797	50,712,589	14,479,960

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Loss Statement - USD ($)	11 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (494,592)	$ (6,106,350)	$ (16,505,653)
Change in fair value of swap agreement	0	841,452	0
Total comprehensive loss	(494,592)	(5,264,898)	(16,505,653)
Distributions to redeemable preferred unit holders	0	0	(397,803)
Preferred units redemption premium	0	0	(375,000)
Less: comprehensive loss attributable to noncontrolling interests	57,976	2,497	30,852
Comprehensive loss attributable to common stockholders	$ (436,616)	$ (5,262,401)	$ (17,247,604)

Consolidated Statements of Equi

Consolidated Statements of Equity Statement - USD ($)	Total	Preferred units subject to redemption	Total Stockholders’ Equity	Total Stockholders’ EquityPreferred units subject to redemption	Common Stock	Additional Paid-In Capital	Additional Paid-In CapitalPreferred units subject to redemption	Cumulative Distributions	Accumulated Deficit	Accumulated Other Comprehensive Income	Non- controlling Interests
Beginning balance (shares) at Feb. 10, 2014					100
Beginning balance at Feb. 10, 2014	$ 201,000		$ 1,000		$ 1	$ 999		$ 0	$ 0		$ 200,000
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		11,283,399		$ 11,283	11,272,116
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)
Other comprehensive income											0
Ending balance (shares) at Dec. 31, 2014					1,133,773
Ending balance at Dec. 31, 2014	9,480,161		9,341,120		$ 11,335	9,838,210		(71,809)	(436,616)		139,041
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Gross proceeds from issuance of common stock (shares)					26,897,208
Gross proceeds from issuance of common stock	268,972,084		268,972,084		$ 167,766	268,804,318
Adjustment to par value - common stock					$ (152,530)	152,530
Discount on issuance of common stock	(997,020)		(997,020)			(997,020)
Offering costs including dealer manager fees to affiliates	(27,514,088)	$ (375,000)	(27,514,088)	$ (375,000)		(27,514,088)	$ (375,000)
Distributions to common stockholders	(3,172,832)		(3,172,832)					(3,172,832)
Issuance of shares for distribution reinvestment plan (shares)					477,638
Issuance of shares for distribution reinvestment plan	4,515,378				$ 1,509	4,536,053		(4,537,562)
Additions to common stock subject to redemption	(4,537,562)		(4,537,562)			(4,537,562)
Issuance of stock dividends (in shares)					47,551
Issuance of stock dividends					$ 476	475,038		(475,514)
Distributions for noncontrolling interest	(11,000)										(11,000)
Write-off of offering cost on redemption of preferred units		$ 375,000		$ 375,000			$ 375,000
Net loss	$ (17,278,456)		(17,247,604)								(30,852)
Other comprehensive income											0
Ending balance (shares) at Dec. 31, 2015	28,556,170				28,556,170
Ending balance at Dec. 31, 2015	$ 224,941,287		224,844,098		$ 28,556	250,757,479		(8,257,717)	(17,684,220)		97,189
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Gross proceeds from issuance of common stock (shares)					40,700,406
Gross proceeds from issuance of common stock	406,463,476		406,463,476		$ 40,700	406,422,776
Adjustment to par value - common stock						200,000
Discount on issuance of common stock	(695,819)		(695,819)			(695,819)
Offering costs including dealer manager fees to affiliates	(43,340,495)		(43,340,495)			(43,340,495)
Distributions to common stockholders	(12,478,558)		(12,478,558)					(12,478,558)
Issuance of shares for distribution reinvestment plan (shares)					1,599,355
Issuance of shares for distribution reinvestment plan	15,158,260				$ 1,599	15,156,661		(15,158,260)
Repurchase of common stock (shares)					(167,442)
Repurchase of common stock	(1,626,773)		(1,626,773)		$ (167)	(1,626,606)
Additions to common stock subject to redemption	(13,531,487)		(13,531,487)			(13,531,487)
Issuance of stock dividends (in shares)					251,158
Issuance of stock dividends					$ 251	2,510,369		(2,510,620)
Distributions for noncontrolling interest	(11,000)										(11,000)
Net loss	(6,106,350)		(6,103,635)						(6,103,635)		(2,715)
Other comprehensive income	$ 841,452		841,234							$ 841,234	$ 218
Ending balance (shares) at Dec. 31, 2016	70,939,647				70,939,647
Ending balance at Dec. 31, 2016	$ 554,455,733		$ 554,372,041		$ 70,939	$ 615,652,878		$ 38,405,155	$ (23,787,855)	$ 841,234

Consolidated Statements of Cash

Consolidated Statements of Cash Flows Statement - USD ($)	11 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net loss	$ (494,592)	$ (6,106,350)	$ (16,505,653)
Depreciation of building	0	11,630,453	4,915,541
Amortization of intangibles	0	16,263,683	7,145,094
Amortization of above and below market leases	0	(3,591,640)	(1,858,029)
Amortization of deferred financing costs	21,064	1,195,902	514,024
Deferred rent	0	(3,923,946)	(1,500,086)
Unrealized gain on interest rate swaps	0	(154,647)	0
Change in operating assets and liabilities:
Other assets, net	(514,868)	(1,040,888)	(2,064,302)
Accrued expenses and other liabilities	175,985	3,093,852	6,271,274
Due to affiliates, net	866,176	(921,638)	146,429
Net cash provided by (used in) operating activities	53,765	16,444,781	(2,935,708)
Investing Activities:
Acquisition of properties, net	0	(553,066,798)	(479,197,536)
Restricted reserves	0	(3,541,348)	0
Improvements to real estate	0	(40,000)	0
Payments for construction in progress	0	(79,993)	0
Real estate acquisition deposits	(2,000,000)	8,700,000	(6,950,000)
Net cash used in investing activities	(2,000,000)	(548,028,139)	(486,147,536)
Financing Activities:
Proceeds from borrowings - Credit Facility	0	249,900,000	286,050,000
Proceeds from borrowings - AIG Loan	0	0	126,970,000
Principal payoff of indebtedness - Credit Facility	0	(55,000,000)	(147,492,280)
Deferred financing costs	(1,923,146)	(1,578,429)	(2,185,692)
Issuance of common stock, net of offering costs	9,848,545	383,170,450	240,595,548
Issuance of preferred equity subject to redemption	0	0	73,260,000
Redemption of preferred units	0	0	(73,260,000)
Repurchase of common stock	0	(1,626,773)	0
Distributions paid to common stockholders	(6,798)	(11,540,683)	(2,631,865)
Distributions paid to noncontrolling interests	(2,049)	(11,003)	(11,000)
Distributions paid to preferred units subject to redemption	0	0	(397,803)
Preferred offering cost	0	0	(375,000)
Net cash provided by financing activities	7,916,552	563,313,562	500,521,908
Net increase in cash and cash equivalents	5,970,317	31,730,204	11,438,664
Cash and cash equivalents at the beginning of the period	201,000	17,609,981	6,171,317
Cash and cash equivalents at the end of the period	6,171,317	49,340,185	17,609,981
Supplemental disclosure of cash flow information:
Cash paid for interest	0	9,227,547	2,616,311
Supplemental disclosures of non-cash investing and financing transactions:
Increase in Stock Servicing Fee Payable	0	17,449,299	24,968
Increase in distributions payable to common stockholders	14,345	937,876	540,967
Common stock issued pursuant to the distribution reinvestment plan	$ 50,666	$ 15,158,260	$ 4,515,378

Organization

Organization	12 Months Ended
	Dec. 31, 2016
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 qualified as a real estate investment trust (“REIT”) commencing with the year ended December 31, 2015. 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 Company, LLC, a Delaware limited liability company (the “Sponsor”), is the sponsor of the Company. The 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 of the Company's board of directors, controls the Sponsor as the trustee of the trust entity that is the sole shareholder of the Sponsor. Griffin Capital Essential Asset Advisor II, LLC, a Delaware limited liability company (the “Advisor”) was formed on November 19, 2013. Griffin Capital Asset Management Company, LLC, a Delaware limited liability company ("GAMCO") is the sole member of the Advisor and Griffin Capital, LLC, a Delaware limited liability company ("GC") is the sole member of GAMCO. The Sponsor is the sole member of GC. 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 (as defined in Note 10, Related Party Transactions .) The Company's officers are also officers of the Advisor and officers of the Sponsor. Griffin Capital Securities, LLC (the “Dealer Manager”) is a Delaware limited liability company and is a wholly-owned subsidiary of GC. The Dealer Manager was responsible for marketing the Company’s shares 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. 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 Securities and Exchange Commission, ("SEC"), declaring the offering effective on July 31, 2014, the Company’s Articles of Amendment and Restatement were filed with the State of Maryland and authorized 700,000,000 shares of common stock allocated as 350,000,000 Class A shares and 350,000,000 Class T shares with a par value of $0.001 and 200,000,000 shares of preferred stock with a par value of $0.001 . On April 25, 2016, the Company reclassified (i) 100,000,000 authorized but unissued shares of the Company's Class A common stock, and (ii) 50,000,000 authorized but unissued shares of the Company's Class T common stock, as 150,000,000 shares of Class I common stock. The Company registered $2.2 billion in common shares in its initial public offering (“Offering”), consisting of $2.0 billion in common shares to be offered to the public in the primary public offering (“Primary Offering”) and $200.0 million in common shares for sale pursuant to the distribution reinvestment plan (“DRP”). (See Note 8, Equity, for additional details.) In September 2016, the Company's board of directors approved the close of the Company’s Primary Offering effective January 20, 2017. The Company intends to continue to sell shares of its common stock in the offering pursuant to its DRP following the termination of its Primary Offering. 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 Operating Partnership owns, and 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, 2016 .

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies The accompanying cons olidated 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. Principles of Consolidation The Company's financial statements, and the financial statements of the Company's operating partnership, including its wholly-owned subsidiaries, are consolidated in the accompanying consolidated financial statements. The portion of these entities not wholly-owned by the Company is presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated in consolidation. 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, 2016 and 2015 . 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, 2016 . Restricted Cash In conjunction with acquisitions of certain assets, as required by certain lease provisions or certain lenders in conjunction with an acquisition or debt financing, or credits received by the seller of certain assets, the Company assumed or funded reserves for specific property improvements and deferred maintenance, re-leasing costs, and taxes and insurance, which are included on the consolidated balance sheets as restricted cash. As of December 31, 2016 , the Company had approximately $14.2 million in restricted cash, which includes tenant improvement funds. Change in Consolidated Financial Statements Presentation Certain amounts in the Company's prior period consolidated financial statements have been reclassified to conform to the current period presentation. Corporate operating expenses to affiliates are presented separately from general and administrative expenses on the statement of operations for all periods presented. See Note 10, Related Party Transactions. The Company decided to discontinue marketing the One Century Place property located in Nashville, Tennessee for sale. The One Century Place property, which was previously classified as held for sale and carried at the lower of its (i) carrying amount or (ii) fair value less costs to sell, was reclassified as held and used. As a result, assets and liabilities are presented as held and used on the consolidated balance sheets for all periods presented. Real Estate Purchase Price Allocation In January 2017, the FASB issued Accounting Standards Update ("ASU") 2017-01, Business Combinations, (see “Recently Issued Accounting Pronouncements” below) that clarifies the framework for determining whether an integrated set of assets and activities meets the definition of a business. The revised framework establishes a screen for determining whether an integrated set of assets and activities is a business and narrows the definition of a business, which is expected to result in fewer transactions being accounted for as business combinations. Acquisitions of integrated sets of assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. This update is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted for transactions that have not been reported in previously issued (or available to be issued) financial statements. The Company adopted this accounting standard early effective October 1, 2016. As a result of this adoption, the Company evaluated four real estate acquisitions completed during the fourth quarter of 2016 under the new framework and determined that the assets acquired did not meet the definition of a business. Accordingly, the Company accounted for these transactions as asset acquisitions (see Note 3, Real Estate ). The Company applies 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 recognizes 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 recognizes 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. For properties acquired in a sale-leaseback transaction or properties that do not meet the definition of a business combination, acquisition fees and acquisition expenses are included as part of the acquisition price. Acquired in-place leases are valued as above-market or below-market as of the date of acquisition. The in-place lease valuation is 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 are 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 are 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 requires the use of significant assumptions about current market rental rates, rental growth rates, discount rates and other variables. Depreciation and Amortization The purchase price of real estate to be acquired and the costs related to the development, construction, and property improvements are capitalized. Repairs and maintenance costs include all costs that do not extend the useful life of the real estate asset and are expensed as incurred. The Company considers 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 continually monitors events and changes in circumstances that could indicate that the carrying amounts of real estate and related intangible assets may not be recoverable, including credit ratings of all tenants to stay abreast of any material changes in credit quality. The Company monitors tenant credit by (1) reviewing the credit ratings of tenants (or their parent companies or lease guarantors) that are rated by nationally recognized rating agencies; (2) reviewing financial statements and related metrics and information that are publicly available or that are required to be provided pursuant to the lease; (3) monitoring news reports and press releases regarding the tenants (or their parent companies or lease guarantors), and their underlying business and industry; and (4) monitoring the timeliness of rent collections. 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 assesses whether the carrying value of the assets will be recovered through the future undiscounted 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 charge to the extent the carrying value exceeds the net present value of the estimated future cash flows 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. As of December 31, 2016 , the Company did not record any impairment charges related to its real estate assets or intangible assets . Restricted Reserves Restricted reserves includes amounts payable to tenants for the reimbursement of improvements made to the properties in accordance with the tenant's leases. Amounts are paid as reimbursement requests are received from the tenant. Revenue Recognition Leases associated with the acquisition and contribution of certain real estate assets (see Note 3, Real Estate ) have net minimum rent payment increases during the term of the lease and are recorded to rental revenue on a straight-line basis, commencing as of the contribution or acquisition date. If a lease provides for contingent rental income, 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 amounts collected from tenants for the recovery of certain operating expenses, including repair and maintenance, property taxes and insurance, and capital expenditures, to the extent allowed pursuant to the lease (collectively "Recoverable Expenses"), is recognized as revenue when the additional rent is due. Recoverable Expenses to be reimbursed by a tenant are determined based on the Company's estimate of the property's operating expenses for the year, pro rated based on leased square footage of the property, and are collected in equal installments as additional rent from the tenant, pursuant to the terms of the lease. At the end of the calendar year, the Company reconciles the amount of additional rent paid by the tenant during the year to the actual amount of Recoverable Expenses incurred by the Company for the same period. The difference, if any, is either charged or credited to the tenant pursuant to the provisions of the lease. In certain instances the lease may restrict the amount the Company can recover from the tenant such as a cap on certain or all property operating expenses. As of December 31, 2016 , the Company estimated that approximately $0.5 million , net, was over collected from tenants throughout the year, and as a result, the Company recorded a liability to accrued expenses and other liabilities on the accompanying balance sheet. Derivative Instruments and Hedging Activities Accounting Standards Codification ("ASC") Topic 815: Derivatives and Hedgin g ("ASC 815"), provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments, (b) how the entity accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments. As required by ASC 815, the Company recorded all derivatives on the consolidated balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, and whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. (See Note 5, Interest Rate Contracts). Income Taxes The Company elected to be taxed as a REIT under Sections 856 through 860 of the Code for the year ended December 31, 2015 and for each year thereafter. 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 is organized and will 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, 2016 , 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, 2016 and 2015 , there were no common stock equivalents that would have a dilutive effect on earnings (loss) per share for common stockholders. The Company retroactively adjusted the number of common shares outstanding in accordance with ASC 260-10, Earnings per Share. ASC 260-10 requires the computations of basic and diluted earnings per share shall be adjusted retroactively for all periods presented to reflect the change in capital structure, if the number of common shares outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split. If changes in common stock resulting from stock dividends, stock splits, or reverse stock splits occur after the close of the period but before the consolidated financial statements are issued or are available to be issued, the per-share computations for those and any prior-period consolidated financial statements presented shall be based on the new number of shares. Segment Information ASC Topic 280, Segment Reporting , establishes standards for reporting financial and descriptive information about a public entity’s reportable segments. The Company internally evaluates all of the properties and interests therein as one reportable segment. Unaudited Data Any references to the number of buildings, square footage, number of leases, occupancy, and any amounts derived from these values in the notes to the consolidated financial statements are unaudited and outside the scope of the Company's independent registered public accounting firm's audit of its consolidated financial statements in accordance with the standards of the Public Company Accounting Oversight Board. Recently Issued Accounting Pronouncements In January 2017, the FASB issued ASU 2017-01, Business Combinations, that clarified the definition of a business. The ASU is effective for reporting periods beginning after December 15, 2017, with early adoption permitted. The Company adopted this update on October 1, 2016. Refer to “ Real Estate Purchase Price Allocation ” above for a discussion of this new accounting pronouncement. In November 2016, the FASB issued an ASU 2016-18, Restricted Cash , that will require companies to include restricted cash and restricted cash equivalents with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The ASU will require a disclosure of a reconciliation between the statement of financial position and the statement of cash flows when the statement of financial position includes more than one line item for cash, cash equivalents, restricted cash, and restricted cash equivalents. Entities with material restricted cash and restricted cash equivalents balances will be required to disclose the nature of the restrictions. The ASU is effective for reporting periods beginning after December 15, 2017, with early adoption permitted, and will be applied retrospectively to all periods presented.The Company does not expect the adoption of ASU No. 2016-18 to have a significant impact on its financial statements. In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments . ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing diversity in practice. The cash flow issues include debt prepayment or debt extinguishment costs and proceeds from the settlement of insurance claims. The ASU is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017. The Company is currently evaluating the impact the new standard may have on our consolidated financial statements. The Company does not expect the adoption of ASU No. 2016-15 to have a significant impact on its financial statements. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments, that changes the impairment model for most financial instruments by requiring companies to recognize an allowance for expected losses, rather than incurred losses as required currently by the other-than-temporary impairment model. The ASU will apply to most financial assets measured at amortized cost and certain other instruments, including trade and other receivables, loans, held-to-maturity debt securities, net investments in leases, and off-balance-sheet credit exposures (e.g., loan commitments). The ASU is effective for reporting periods beginning after December 15, 2019, with early adoption permitted, and will be applied as a cumulative adjustment to retained earnings as of the effective date. The Company is currently evaluating the potential impact of the pending adoption of this new guidance on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases ("ASU 2016-02"). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019. Early adoption of ASU 2016-02 as of its issuance is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting the standard on the consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) (“ASU 2015-03”) to amend the accounting guidance for the presentation of debt issuance costs. The standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is effective for public business entities for fiscal years beginning after December 15, 2015 and retrospective application is required. The Company adopted ASU 2015-03, beginning with the quarter ended March 31, 2016. As a result of the adoption of ASU 2015-03, the Company reclassified approximately $3.6 million of net debt issuance costs from an asset (previously recorded in the line item “Deferred financing costs, net” in the consolidated balance sheet) to a reduction in the carrying amount of the Company's debt as of December 31, 2015. ASU 2015-03 also expands disclosure requirements to include the face amount of the debt liability and the effective interest rate in the notes to the consolidated financial statements. (See Note 4, Debt.) In February 2015, the FASB issued ASU No. 2015-02, Consolidation: Amendments to the Consolidation Analysis ("ASU No. 2015-02"), which amended the existing accounting standards for consolidation under both the variable interest model and the voting model. Under ASU No. 2015-02, companies will need to re-evaluate whether an entity meets the criteria to be considered a VIE, whether companies still meet the definition of primary beneficiaries, and whether an entity needs to be consolidated under the voting model. ASU No. 2015-02 may be applied using a modified retrospective approach or retrospectively, and is effective for reporting periods beginning after December 15, 2015. Early adoption is permitted. The Company adopted ASU No. 2015-02, beginning with the quarter ended March 31, 2016. There was no change to the Company's consolidated financial statements as a result of adoption. In August 2014, the FASB issued ASU No. 2014-15, P resentation of Financial Statements (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU No. 2014-15”). The amendments in ASU No. 2014-15 require management to evaluate, for each annual and interim reporting period, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or are available to be issued when applicable) and, if so, provide related disclosures. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. There was no change to the Company's consolidated financial statements or notes as a result of adoption. 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. ASU No. 2014-09 was originally effective for reporting periods beginning after December 31, 2016 (for public entities). On April 1, 2015, the FASB voted to defer the effective date of ASU No. 2014-09 by one year, to annual reporting periods beginning after December 15, 2017. On July 9, 2015, the FASB affirmed its proposal to defer the effective date to annual reporting periods beginning after December 15, 2017, although entities may elect to adopt the standard as of the original effective date. The Company is currently evaluating the impact of adopting the standard on the consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) . The amendments clarify how an entity should identify the unit of accounting (i.e., the specified good or service) for the principal versus agent evaluation, and how it should apply the control principle to certain types of arrangements, such as service transactions, by explaining what a principal controls before the specified good or service is transferred to the customer. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements of ASU No. 2014-09. ASU No. 2014-09 was originally effective for reporting periods beginning after December 15, 2016 (for public entities). On April 1, 2015, the FASB voted to defer the effective date of ASU No. 2014-09 by one year, to annual reporting periods beginning after December 15, 2017. On July 9, 2015, the FASB affirmed its proposal to defer the effective date to annual reporting periods beginning after December 15, 2017, although entities may elect to adopt the standard as of the original effective date. The Company is currently evaluating the impact of adopting the standard on the consolidated financial statements.

Real Estate

Real Estate	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Real Estate	Real Estate As of December 31, 2016 , the Company's real estate portfolio consisted of 25 properties consisting of office, industrial, distribution, and data center facilities with a combined acquisition value of $1.1 billion , including the allocation of the purchase price to above and below-market lease valuation, encompassing approximately 7.1 million square feet. Depreciation expense for buildings and improvements for the year ended December 31, 2016 was $11.6 million . Amortization expense for intangibles, including but not limited to, tenant origination and absorption costs for the year ended December 31, 2016 was $16.3 million . Total rental income included in the Company's statement of operations from acquisitions in 2016 was approximately $12.5 million for the year ended December 31, 2016 . The purchase price and other acquisition items for properties acquired during the year ended December 31, 2016 are shown below. Paid to Advisor Property Location Tenant/Major Lessee Acquisition Date Purchase Price Approx. Square Feet Acquisition Fees and Reimbursable Expenses (1) Contingent Advisor Payment (2) Year of Lease Expiration Toshiba TEC Durham, NC Toshiba TEC Corporation 1/21/2016 $ 35,800,748 200,800 $ 851,835 $ — 2028 NETGEAR San Jose, CA NETGEAR, Inc. 5/17/2016 44,000,000 142,700 987,286 197,780 2025 Nike Hillsboro, OR Nike, Inc. 6/16/2016 45,500,000 266,800 1,011,061 841,750 2020 Zebra Technologies Lincolnshire, IL Hewitt Associates LLC (3) 8/1/2016 60,150,000 283,300 1,346,068 1,112,775 2017/2026 WABCO North Charleston, SC WABCO Air Compressor Holdings Inc. 9/14/2016 13,834,500 145,200 458,010 255,938 2023 IGT Las Vegas, NV IGT 9/27/2016 66,500,000 222,300 1,521,553 1,230,250 2030 3M DeKalb, IL 3M Company 10/25/2016 69,356,000 978,100 1,580,988 933,511 2026 Amazon Etna, OH Amazon.com.dedc LLC 11/18/2016 88,896,060 855,000 2,052,820 541,299 2031 Zoetis Parsippany, NJ Zoetis Services LLC 12/16/2016 44,000,000 125,700 1,063,673 698,565 2028 Southern Company Birmingham, AL Southern Company Services, Inc. 12/22/2016 131,590,000 669,400 3,056,530 89,803 2044 (1) The fee consists of a 2.0% base acquisition fee and acquisition expense reimbursement for actual acquisition expenses incurred, estimated to be approximately 1% of acquisition value. (See Note 10, Related Party Transactions , for additional discussion.) (2) Pursuant to the Advisory Agreement, the Advisor is entitled to receive an acquisition fee in an amount up to 3.85% of the contract purchase price (as such term is defined in the Advisory Agreement) for each property the Company acquires. The acquisition fee consists of a 2.0% base acquisition fee and up to an additional 1.85% contingent advisor payment (the "Contingent Advisor Payment"); provided, however, that $5.0 million of amounts advanced by the Advisor for dealer manager fees and organizational and offering expenses (the "Contingent Advisor Payment Holdback") will be retained by the Company until the later of (a) the termination of the Offering, including any follow-on offerings, or (b) July 31, 2017, at which time such amount shall be paid to the Advisor. In connection with a follow-on offering, the Contingent Advisor Payment Holdback may increase, based upon the maximum offering amount in such follow-on offering and the amount sold in prior offerings. (3) The property is currently leased to Hewitt Associates LLC ("Hewitt"), a wholly owned subsidiary of Aon PLC, through February 28, 2017, and Zebra Technologies Corporation ("Zebra Technologies") occupies the property under a sublease agreement. On March 1, 2017, immediately following Hewitt's lease expiration, Zebra Technologies' 117-month lease with the Company will commence. Real Estate - Valuation and Purchase Price Allocation The Company allocates the purchase price to the fair value of the tangible assets of a property by valuing the property as if it were vacant. This “as-if vacant” value is estimated using an income, or discounted cash flow, approach that relies upon Level 3 inputs, which are unobservable inputs based on the Company's review of the assumptions a market participant would use. These Level 3 inputs include discount rates, capitalization rates, market rents and comparable sales data for similar properties. Estimates of future cash flows are based on a number of factors including historical operating results, known and anticipated trends, and market and economic conditions. In calculating the “as-if vacant” value for acquisitions completed during the year ended December 31, 2016 , the Company used discount rates ranging from 6.25% to 8.50% . In determining the fair value of intangible lease assets or liabilities, the Company also considers Level 3 inputs. Acquired above- and below-market leases are valued based on the present value of the difference between prevailing market rates and the in-place rates measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases, if applicable. The estimated fair value of acquired in-place at-market tenant leases are the costs that would have been incurred to lease the property to the occupancy level of the property at the date of acquisition. Such estimates include the value associated with leasing commissions, legal and other costs, as well as the estimated period necessary to lease such property that would be incurred to lease the property to its occupancy level at the time of its acquisition. Acquisition costs associated with the business combination are expensed in the period they are incurred. The following summarizes the purchase price allocation for the properties acquired during the year ended December 31, 2016 : Properties Land Building and Improvements Tenant Origination and Absorption Cost In-Place Lease Valuation Above Market In-Place Lease Valuation (Below) Market Other Assets Other assumed liabilities (2) Total Toshiba TEC $ 4,130,000 $ 28,640,000 $ 8,180,748 $ — $ (5,150,000 ) $ — $ (600,748 ) $ 35,200,000 NETGEAR 20,725,500 17,656,000 8,230,500 — (2,612,000 ) — (1,663,500 ) 42,336,500 Nike 5,988,000 32,535,000 9,862,000 — (2,885,000 ) — — 45,500,000 Zebra Technologies 5,238,441 35,939,000 20,586,559 326,000 (1,940,000 ) — (5,170,557 ) 54,979,443 WABCO 1,301,500 10,823,000 1,775,000 — (65,000 ) — — 13,834,500 IGT 6,324,766 52,818,000 11,623,234 — (4,266,000 ) — (4,049,234 ) 62,450,766 3M (1) 5,320,224 55,144,873 7,102,162 3,419,559 — — — 70,986,818 Amazon (1) 5,331,439 75,263,912 10,505,829 75,899 — — — 91,177,079 Zoetis (1) 3,374,660 31,568,059 10,696,623 6,224 — — — 45,645,566 Southern Company (1) 6,605,387 94,487,898 28,192,198 — (7,030,087 ) 12,483,760 (43,783,030 ) 90,956,126 Total $ 64,339,917 $ 434,875,742 $ 116,754,853 $ 3,827,682 $ (23,948,087 ) $ 12,483,760 $ (55,267,069 ) $ 553,066,798 (1) The Company evaluated each fourth quarter transaction above, under the clarified framework for determining whether an integrated set of assets and activities meets the definition of a business, pursuant to the ASU issued in January 2017, which the Company early-adopted effective October 1, 2016. Acquisitions that do not meet the definition of a business are accounted for as asset acquisitions. Since the four transactions lacked a substantive process, these transactions did not meet the definition of a business and consequently were accounted for as asset acquisitions. In each of these transactions, the Company allocated the total consideration (including acquisition costs) for each acquisition to the individual assets and liabilities acquired on a relative fair value basis. (2) Includes liabilities assumed (prepaid rents, tenant improvements and other payables) at the time of acquisition. Pro Forma Financial Information (unaudited) The following condensed pro forma operating information is presented as if the Company’s properties acquired in 2016 had been included in operations as of January 1, 2015. The pro forma operating information excludes certain nonrecurring adjustments, such as acquisition fees and expenses incurred, to reflect the pro forma impact the acquisition would have on earnings on a continuous basis: Year Ended December 31, 2016 2015 Revenue $ 100,986,064 $ 77,653,287 Net income $ 11,634,011 $ 9,752,213 Net income attributable to noncontrolling interests $ 5,147 $ 18,453 Net income attributable to common stockholders (1) $ 11,628,865 $ 8,960,957 Net income to common stockholders per share, basic and diluted $ 0.23 $ 0.63 (1) Amount is net of net income (loss) attributable to noncontrolling interests and distributions to redeemable noncontrolling interests attributable to common stockholders. Future Minimum Contractual Rent Payments The future minimum contractual rent payments pursuant to the lease terms, with lease expirations ranging from 2017 to 2044, are shown in the table below: 2017 $ 62,133,294 2018 68,567,983 2019 75,822,030 2020 77,375,910 2021 69,507,122 Thereafter 583,028,439 Total $ 936,434,778 Intangibles The Company allocated a portion of the acquired real estate asset value to in-place lease valuation and tenant origination and absorption cost, as discussed above and as shown below. The in-place lease was measured against comparable leasing information and the present value of the difference between the contractual, in-place rent and the fair market rent was calculated using, as the discount rate, the capitalization rate utilized to compute the value of the real estate at acquisition. December 31, 2016 December 31, 2015 In-place lease valuation (above market) $ 3,827,682 $ — In-place lease valuation (above market), accumulated amortization (299,828 ) — In-place lease valuation (above market), net $ 3,527,854 $ — In-place lease valuation (below market) $ (61,068,648 ) $ (37,120,561 ) In-place lease valuation (below market) - accumulated amortization 5,749,497 1,858,029 In-place lease valuation (below market), net $ (55,319,151 ) $ (35,262,532 ) Tenant origination and absorption cost $ 227,407,041 $ 110,652,188 Tenant origination and absorption cost - accumulated amortization (23,408,777 ) (7,145,094 ) Tenant origination and absorption cost, net $ 203,998,264 $ 103,507,094 The intangible assets are amortized over the remaining lease terms of the respective properties, which on a weighted-average basis, was approximately 11.4 years as of December 31, 2016 . The amortization of the intangible assets and other leasing costs for the years ended December 31, 2016 and 2015 are as follows: Amortization (income) expense for the year ended December 31, 2016 2015 In-place lease valuation $ (3,591,640 ) $ (1,858,029 ) Tenant origination and absorption cost $ 16,263,683 $ 7,145,094 The following table sets forth the estimated annual amortization (income) expense for in-place lease valuation, and tenant origination and absorption costs as of December 31, 2016 for the next five years : Year In-Place Lease Valuation Tenant Origination and Absorption Costs 2017 $ (4,491,000 ) $ 22,721,000 2018 $ (4,617,000 ) $ 22,806,000 2019 $ (4,617,000 ) $ 22,806,000 2020 $ (4,617,000 ) $ 22,806,000 2021 $ (3,722,000 ) $ 22,806,000

Debt

Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt	Debt As of December 31, 2016 , the Company’s debt consisted of the following: Book Value as of December 31, 2016 Book Value as of December 31, 2015 Contractual Interest Rate (1) Payment Type Loan Maturity Effective Interest Rate (4) Revolving Credit Facility $ 333,457,720 $ 138,557,720 2.27% Interest Only December 2019 (2) 2.58% AIG Loan 126,970,000 126,970,000 4.15% Interest Only (3) November 2025 4.22% Total Debt 460,427,720 265,527,720 Unamortized deferred financing costs (3,956,273 ) (3,573,746 ) Total Debt, net $ 456,471,447 $ 261,953,974 (1) The 2.27% contractual interest rate is based on a 360 -day year, pursuant to the Revolving Credit Facility, whereas the 2.30% weighted-average interest rate is based on a 365 -day year. As discussed below, the interest rate on the Revolving Credit Facility (as defined below) is a one-month LIBO Rate + 1.65% . As of December 31, 2016 , the LIBO Rate was 0.62% . Including the effect of an interest rate swap agreement with a notional amount of $100.0 million , the weighted average interest rate as of December 31, 2016 was approximately 2.84% for the Company's fixed-rate and variable-rate debt combined. (2) The 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 and upon payment of an extension fee. See discussion below. (3) The AIG Loan (as defined below) requires monthly payments of interest only, at a fixed rate, for the first five years and fixed monthly payments of principal and interest thereafter. (4) Reflects the effective interest rate at December 31, 2016 and includes the effect of amortization of deferred financing costs. Revolving Credit Facility On December 12, 2014, the Company, through the Operating Partnership, entered into a revolving credit agreement (the “Revolving Credit Facility”), co-led by KeyBank, N.A. ("KeyBank") and JPMorgan Chase Bank, N.A. ("JPMorgan Chase Bank") with KeyBank as administrative agent, JPMorgan Chase Bank as syndication agent, and a syndicate of lenders. Pursuant to the 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 . On August 11, 2015, the Company exercised its right under the credit agreement to increase the total commitments from $250.0 million to $410.0 million . On November 22, 2016, the Company, through the Operating Partnership, entered into an amendment (the "Increase Agreement") to the Revolving Credit Facility with KeyBank as administrative agent; Bank of America, N.A., SunTrust Bank, Capital One, National Association ("Capital One"), and Wells Fargo Bank, National Association, as co-syndication agents; and KeyBanc Capital Markets, Merrill Lynch, Pierce, Fenner and Smith Incorporated, SunTrust Robinson Humphrey, Inc., Capital One, and Wells Fargo Securities, LLC as joint lead arrangers and joint bookrunners to exercise its right under the Revolving Credit Facility to increase the total commitments from $410 million to $550 million . In connection with the Increase Agreement, the Company, through the Operating Partnership, also entered into a Joinder Agreement with KeyBank and U.S. Bank National Association ("U.S. Bank"), for the admission of U.S. Bank as a lender with a commitment of $50 million under the Revolving Credit Facility (the "Joinder Agreement"). With the admission of U.S. Bank, JPMorgan Chase terminated its commitment under the Revolving Credit Facility and no longer serves as a lender, syndication agent, joint bookrunner, or joint lead arranger under the Revolving Credit Facility. The 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 Revolving Credit Facility, or Base Rate plus the applicable base rate margin, as provided in the credit agreement related to the 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 Revolving Credit Facility are interest only and are due on the first day of each quarter. The Revolving Credit Facility was initially secured by a pledge of 100% of the ownership interests in each special purpose entity which owns a pool property. On November 1, 2016, all pledged membership interests were released from the lien of the pledge agreements and subsequently terminated. Adjustments to the applicable rate were effective as of January 1, 2017. AIG Loan On October 22, 2015, six special purpose entities that are wholly-owned by the Operating Partnership entered into promissory notes with The Variable Annuity Life Insurance Company, American General Life Insurance Company, and the United States Life Insurance Company (collectively, the "Lenders"), pursuant to which the Lenders provided such special purpose entities with a loan in the aggregate amount of approximately $127 million (the "AIG Loan"). The AIG Loan has a term of 10 years, maturing on November 1, 2025 and has a fixed rate of interest of 4.15% . The AIG Loan requires monthly payments of interest only for the first five years and fixed monthly payments of principal and interest thereafter. The AIG Loan is secured by cross-collateralized and cross-defaulted first lien deeds of trust and second lien deeds of trust on certain properties. Commencing October 31, 2017, each of the individual promissory notes comprising the AIG Loan may be prepaid but only if such prepayment is made in full, subject to 30 days' prior notice to the holder and payment of a prepayment premium in addition to all unpaid principal and accrued interest to the date of such prepayment. Pursuant to the terms of the Revolving Credit Facility and AIG Loan, the Company is subject to certain loan compliance covenants. The Company was in compliance with all applicable covenants as of December 31, 2016 . The following summarizes the future principal repayments of all loans as of December 31, 2016 per the loan terms discussed above: December 31, 2016 2017 $ — 2018 — 2019 333,457,720 (1) 2020 178,101 (2) 2021 2,185,867 (2) Thereafter 124,606,032 (2) Total principal 460,427,720 Unamortized deferred loan costs (3,956,273 ) Total $ 456,471,447 (1) Amount includes payment of the balance of the Revolving Credit Facility, which is due in December 2019. (2) Amount includes payments of the balance of the AIG Loan.

Interest Rate Contracts (Notes)

Interest Rate Contracts (Notes)	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest Rate Contracts	Interest Rate Contracts Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both business operations and economic conditions. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of debt funding and the use of derivative financial instruments. Specifically, the Company entered into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by expected cash payments principally related to borrowings and interest rates. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The Company does not use derivatives for trading or speculative purposes. Derivative Instruments On February 25, 2016, the Company entered into an interest rate swap agreement to hedge the variable cash flows associated with the LIBO Rate-based variable-rate debt, on the Company's Revolving Credit Facility. The interest rate swap is effective for the period from April 1, 2016 to December 12, 2018 with a notional amount of $100.0 million . The effective portion of the change in fair value of derivatives designated and qualifying as cash flow hedges is initially recorded in accumulated other comprehensive income ("AOCI") and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on our variable-rate debt. The following table sets forth a summary of the interest rate swap at December 31, 2016 and December 31, 2015 : Fair value (1) Current Effective Notional Amount (2) Derivative Instrument Effective Date Maturity Date Interest Strike Rate December 31, 2016 December 31, 2015 December 31, 2016 December 31, 2015 Assets/(Liabilities): Interest Rate Swap 4/1/2016 12/12/2018 0.74% $ 996,099 $ — $ 100,000,000 $ — (1) The Company records all derivative instruments on a gross basis on the consolidated balance sheets, and accordingly, there are no offsetting amounts that net assets against liabilities. As of December 31, 2016 , the Company's derivative was in an asset position, and as such, the fair value is included in the line item "Other Assets, net" on the consolidated balance sheet. (2) Represents the notional amount of swap that was effective as of the balance sheet date of December 31, 2016 and December 31, 2015. The following table sets forth the impact of the interest rate swap on the consolidated financial statements for the periods presented: Year Ended 2016 2015 Interest Rate Swap in Cash Flow Hedging Relationship: Amount of (loss) gain recognized in AOCL on derivatives (effective portion) $ 662,695 $ — Amount of (loss) gain reclassified from AOCL into earnings under “Interest expense” (effective portion) $ 178,757 $ — Amount of (loss) gain recognized in earnings under “Interest expense” (ineffective portion and amount excluded from effectiveness testing) $ 154,647 $ — During the next twelve months, the Company estimates that an additional $0.2 million will be recognized from AOCI into earnings. Certain agreements with the derivative counterparties contain a provision where if the Company defaults on any of the Company's indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender within a specified time period, then the Company could also be declared in default on its derivative obligations. As of December 31, 2016 , the fair value of interest rate swap was in an asset position excluding any adjustment for nonperformance risk related to these agreements of approximately $ 1.0 million . As of December 31, 2016 , the Company had not posted any collateral related to these agreements.

Fair Value Measurements (Notes)

Fair Value Measurements (Notes)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company is required to disclose fair value information about all financial instruments, whether or not recognized in the consolidated balance sheets, for which it is practicable to estimate fair value. The Company measures and discloses the estimated fair value of financial assets and liabilities utilizing a fair value hierarchy that distinguishes between data obtained from sources independent of the reporting entity and the reporting entity’s own assumptions about market participant assumptions. This hierarchy consists of three broad levels, as follows: (i) quoted prices in active markets for identical assets or liabilities, (ii) "significant other observable inputs," and (iii) "significant unobservable inputs." "Significant other observable inputs" can include quoted prices for similar assets or liabilities in active markets, as well as inputs that are observable for the asset or liability, such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals. "Significant unobservable inputs" are typically based on an entity’s own assumptions, since there is little, if any, related market activity. In instances in which the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level of input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. There were no transfers between the levels in the fair value hierarchy during the year ended December 31, 2016 . The following tables set forth the assets/(liabilities) that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2016 : Total Fair Value Quoted Prices in Active Markets for Identical Assets and Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Interest Rate Swaps at: December 31, 2016 $ 996,099 $ — $ 996,099 $ — Financial instruments as of December 31, 2016 consisted of cash and cash equivalents, accounts receivable, accounts payable, other accrued expenses, and borrowings. With the exception of the mortgage loan in the table below, the amounts of the financial instruments presented in the consolidated financial statements substantially approximate their fair value as of December 31, 2016 . The fair value of the mortgage loan is estimated by discounting the loan’s principal balance over the remaining term of the mortgage using current borrowing rates available to the Company for debt instruments with similar terms and maturities. The Company determined that the mortgage loan valuation in its entirety is classified in Level 2 of the fair value hierarchy, as the fair value is based on current pricing for debt with similar terms as the in-place debt, and there were no transfers into and out of fair value measurement levels during the years ended December 31, 2016 and 2015 . December 31, 2016 December 31, 2015 Fair Value Carrying Value (1) Fair Value Carrying Value (1) AIG Loan $ 120,321,701 $ 126,970,000 $ 126,970,000 $ 126,970,000 (1) The carrying value of the AIG loan does not include deferred financing costs as of December 31, 2016 and 2015 . See Note 4, Debt , for details.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities (Notes)	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following as of December 31, 2016 and 2015 : Year Ended December 31, 2016 2015 Prepaid rent $ 9,483,963 $ 2,382,913 Leasing commission payable 3,783,030 — Other liabilities 8,260,133 4,628,330 Total $ 21,527,126 $ 7,011,243

Equity

Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Equity	Equity Reallocation of Shares in Public Offering The Company initially registered $2.2 billion in shares for sale, consisting of Class A common stock and Class T common stock. On December 5, 2014, the Company ceased offering Class T common stock, having sold no shares of Class T common stock at such date. On October 30, 2015, the Company ceased offering Class A common stock, having sold approximately $ $240.8 million in shares of Class A common stock, and reallocated the remaining shares, such that, effective November 2, 2015, the Company is offering up to approximately $1.8 billion in shares of Class T common stock in the Primary Offering. On March 2, 2016, the Company's board of directors extended the termination date of the Offering from July 31, 2016 until July 31, 2017, which is three years after the effective date of the Offering. On March 29, 2016, the Company's board of directors approved a reallocation of shares being offered in the Primary Offering and the commencement of offering a new class of common stock, Class I shares. Effective April 25, 2016, the Company offered up to $1.56 billion in shares of Class T common stock and up to $0.2 billion in shares of Class I common stock in the Primary Offering. Class I shares were sold at a price of $9.30 per share, reflecting the fact that no selling commissions or stockholder servicing fees are payable on such shares. Class I shares are only available to investors who: (1) purchase shares through fee-based programs, also known as wrap accounts, (2) purchase shares through participating broker dealers that have alternative fee arrangements with their clients, (3) purchase shares through certain registered investment advisers, (4) purchase shares through bank trust departments or any other organization or person authorized to act in a fiduciary capacity for its clients or customers, or (5) are an endowment, foundation, pension fund or other institutional investor. Class A shares, Class T shares and Class I shares vote together as a single class, and each share is entitled to one vote on each matter submitted to a vote at meetings of the Company's stockholders; provided that with respect to any matter that would only have a material adverse effect on the rights of a particular class of common stock, only the holders of such affected class are entitled to vote. Each class of common stock is entitled to the same distributions as other classes, and the net asset value, or NAV, per share is the same across share classes. The following table summarizes shares issued and gross proceeds for each share class as of December 31, 2016 : Class A Class T Class I Gross proceeds from Primary Offering $ 240,779,591 $ 436,785,597 $ 7,181,972 Gross proceeds from DRP $ 12,192,042 $ 7,484,285 $ 70,161 Shares issued in Primary Offering 24,199,760 43,754,033 772,261 DRP shares issued 1,284,804 790,101 7,421 Stock distribution shares issued 171,765 125,592 1,352 Total shares issued prior to redemptions 25,656,329 44,669,726 781,034 Offering and Organizational Costs Pursuant to the Advisory Agreement, in no event will the Company be obligated to reimburse the Advisor for organizational and offering costs (effective November 2, 2015, only to the extent such costs exceed 1.0% of gross offering proceeds from the Company's public offering) incurred in connection with the Offering totaling in excess of (i) 3.5% (excluding sales commissions, dealer manager fees and stockholder servicing fees) of the gross proceeds raised in the Offering (excluding gross proceeds from the distribution reinvestment plan), and (ii) 15% (including selling commissions, dealer manager fees, stockholder servicing 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. As of December 31, 2016 , and 2015 , organizational and offering costs were 0.8% and 1.4% of gross offering proceeds, respectively, excluding selling commissions, dealer manager fees and stockholder servicing fees, and 10.6% and 10.5% of gross offering proceeds, respectively, including selling commissions, dealer manager fees and stockholder servicing fees. As of December 31, 2016 , organizational and offering costs did not exceed the limitations. (See Note 10, Related Party Transactions ). Organizational and offering costs incurred as of December 31, 2016 and 2015 , including those incurred by the Company and due to the Advisor, for the Offering are as follows: December 31, 2016 December 31, 2015 Cumulative offering costs $ 72,009,476 $ 28,668,982 Cumulative organizational costs $ 716,724 $ 517,841 Organizational and offering costs advanced by the Advisor, excluding Contingent Advisor Payment Holdback $ 4,073,651 $ 3,534,806 Less payments (4,073,651 ) (3,073,206 ) Net organizational and offering costs advanced by the Advisor, excluding Contingent Advisor Payment Holdback (1) $ — $ 461,600 Advisor Advances: Organizational and offering costs advanced by the Advisor $ 2,477,391 $ 382,314 Dealer Manager fees advanced by the Advisor 2,931,542 764,628 Net Organizational and Offering costs and Dealer Manager fees advanced by the Advisor $ 5,408,933 $ 1,608,542 (1) See Note 10, Related Party Transactions , for discussion on Contingent Advisor Payment Holdback. Distribution Reinvestment Plan The Company adopted a DRP that allows stockholders to have distributions otherwise distributable to them invested in additional shares of common stock. The plan became effective on July 31, 2014, and was amended and restated effective as of May 9, 2016. No selling commission, dealer manager fee or stockholder servicing fee are paid on shares sold through the DRP. Amendment and Restatement of Distribution Reinvestment Plan On November 15, 2016, the Company's board of directors amended and restated the Company's DRP to state that, effective as of November 28, 2016, until the Company announces an estimated net asset value ("NAV") per share, the purchase price per share under the DRP will be $9.40 per share. The Company announced the estimated NAV per share on February 16, 2017; consequently, the purchase price per share under the DRP equals the published NAV per share, which is $9.37 per share. 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 a portion consisting of at least 25% of their shares of stock redeemed by the Company. During any calendar year, the Company will not redeem more than 5.0% of the weighted average number of shares outstanding during the prior calendar year. 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 price per share 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 per Share Less than 1 year No Redemption Allowed After one year from the purchase date 90.0% of the Redemption Amount (as defined below) After two years from the purchase date 95.0% of the Redemption Amount After three years from the purchase date 97.5% of the Redemption Amount After four years from the purchase date 100.0% of the Redemption Amount The Redemption Amount for shares purchased under the Company's share redemption program shall be the lesser of (i) the amount the stockholder paid for their shares or (ii) the NAV of the shares. The redemption price per share will be reduced by the aggregate amount of net proceeds per share, if any, distributed to the stockholders prior to the repurchase date as a result of a “special distribution.” While the board of directors does not have specific criteria for determining a special distribution, the Company expects that a special distribution will only occur upon the sale of a property and the subsequent distribution of the net sale proceeds. The redemption price per share is subject to adjustment as determined from time to time by the board of directors. As the use of the proceeds from the DRP for redemptions is outside the Company’s control, the net proceeds from the DRP are considered to be temporary equity and are presented as common stock subject to redemption on 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 on the Company’s consolidated balance sheets. As noted above, the redemption is limited to proceeds from new permanent equity from the sale of shares pursuant to the Company’s DRP. As of December 31, 2016 , $16.9 million of common stock were available for redemption and $1.2 million of common stock were tendered for redemption and redeemed subsequent to December 31, 2016 . Distributions Earnings and profits, which determine the taxability of distributions to stockholders, may differ from income reported for financial reporting purposes due to the differences for federal income tax purposes in the treatment of loss on debt, revenue recognition and compensation expense and in the basis of depreciable assets and estimated useful lives used to compute depreciation expense. The following unaudited table summarizes the federal income tax treatment for all distributions for the years ended December 31, 2016 , 2015 and for the period from February 11, 2014 (Date of Initial Capitalization) through December 31, 2014 reported for federal tax purposes and serves as a designation of capital gain distributions, if applicable, pursuant to Internal Revenue Code Section 857(b)(3)(C) and Treasury Regulation § 1.857-6(e). Years Ended December 31, 2016 2015 For the Period from February 11, 2014 (Date of Initial Capitalization) through December 31, 2014 Ordinary income $ 0.31 57.10 % $ 0.21 38.60 % $ — — % Return of capital 0.24 42.90 % 0.34 61.40 % 0.26 100.00 % Total distributions paid $ 0.55 100 % $ 0.55 100 % $ 0.26 100 %

Noncontrolling Interests

Noncontrolling Interests	12 Months Ended
	Dec. 31, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interests Noncontrolling interests represent limited partnership interests in the Operating Partnership. The Operating Partnership issued 20,000 limited partnership units for $10.00 per unit on February 11, 2014, to the Advisor in exchange for the initial capitalization of the Operating Partnership. As of December 31, 2016 , noncontrolling interest was approximately 0.03% of total shares outstanding, and approximately 0.04% of weighted average shares outstanding (both measures assuming limited partnership units were converted to common stock). The Company evaluates individual noncontrolling interests for the ability to recognize the noncontrolling interest as permanent equity on the consolidated balance sheets at the time such interests are issued and on a continual basis. Any noncontrolling interest that fails to qualify as permanent equity will be reclassified as temporary equity and adjusted to the greater of (a) the carrying amount, or (b) its redemption value as of the end of the period in which the determination is made. 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 years ended December 31, 2016 , 2015 and for the period from February 11, 2014 (Date of Initial Capitalization) through December 31, 2014: Year Ended 2016 2015 For the Period from February 11, 2014 (Date of Initial Capitalization) through December 31, 2014 Beginning balance $ 97,189 $ 139,041 $ 200,000 Distributions to noncontrolling interests (11,000 ) (11,000 ) (2,983 ) Net loss (2,715 ) (30,852 ) (57,976 ) Other comprehensive income 218 — — Ending balance $ 83,692 $ 97,189 $ 139,041

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The following table summarizes the related party costs and fees incurred, paid and due to affiliates as of December 31, 2016 : As of December 31, 2015 Year Ended December 31, 2016 Payable Incurred Paid Payable Advisor and Property Manager fees Acquisition fees and expenses $ 8,675 $ 13,929,823 $ 13,938,498 $ — Operating expenses 108,538 1,622,165 1,712,913 17,790 Asset management fees 400,120 6,412,577 6,005,165 807,532 Property management fees 94,528 1,052,461 1,004,051 142,938 Other costs advanced by the Advisor 23,029 304,416 315,369 12,076 Selling commissions Class T shares 40,421 11,396,735 11,383,439 53,717 Dealer Manager fees Class T and I shares 14,876 3,949,476 3,946,246 18,106 Stockholder servicing fee (1) 24,968 17,449,299 1,454,146 16,020,121 Advisor Advances: (2) Organization and offering expenses 843,913 2,633,923 1,000,445 2,477,391 Dealer Manager fees (3) 764,628 8,068,585 5,901,671 2,931,542 Total $ 2,323,696 $ 66,819,460 $ 46,661,943 $ 22,481,213 (1) The Dealer Manager is entitled to receive a stockholder servicing fee with respect to Class T shares that will be payable quarterly and will accrue daily in an amount equal to 1/365th of 1.0% of the purchase price per share (or, once reported, the amount of the estimated NAV) of Class T shares sold in the Primary Offering up to a maximum of 4% in the aggregate. (2) Pursuant to the Advisory Agreement, commencing November 2, 2015, the Company remains obligated to reimburse the Advisor for organizational and offering costs incurred after such date, but only to the extent that such costs exceed 1.0% of the gross offering proceeds of the Company’s Offering (subject to the limits discussed in Note 8, Equity ). In addition, the Advisor is entitled to receive an acquisition fee in an amount up to 3.85% of the contract purchase price (as such term is defined in the Advisory Agreement) for each property the Company acquires. The acquisition fee consists of a 2.0% base acquisition fee and up to an additional 1.85% Contingent Advisor Payment; provided, however, the Contingent Advisor Payment Holdback will be retained by the Company until the later of (a) the termination of the Offering, including any follow-on offerings, or (b) July 31, 2017, at which time such amount shall be paid to the Advisor. In connection with a follow-on offering, the Contingent Advisor Payment Holdback may increase, based upon the maximum offering amount in such follow-on offering and the amount sold in prior offerings. (3) The Dealer Manager Agreement (as defined below and commencing on April 25, 2016 to incorporate Class I shares) provides that the Dealer Manager is entitled to receive a selling commission up to 3.0% of gross proceeds from Class T shares sold in the Primary Offering and a dealer manager fee equal to 3.0% of gross proceeds from Class T shares or Class I shares sold in the Primary Offering. Pursuant to the Dealer Manager Agreement, of the 3.0% dealer manager fee for Class T and Class I shares, 1.0% will be funded by the Company and 2.0% will be funded by the Advisor. Stockholder Servicing Fee The Company pays the Dealer Manager a stockholder servicing fee with respect to the Class T shares sold as additional compensation to the Dealer Manager, which will be reallocated to the participating broker-dealers. Participating broker-dealers are expected to provide ongoing or regular account or portfolio maintenance for the stockholder, which may include one or more of the following: assisting with recordkeeping, assisting and processing distribution payments, assisting with share repurchase requests, offering to contact the stockholder periodically to provide information about the stockholder’s investment in the Company or to answer questions about the account statement or valuations, or providing other similar services as the stockholder may reasonably require in connection with such stockholder’s investment in Class T shares . The stockholder servicing fee accrues daily equal to 1/365th of 1% of the purchase price per share of the Class T shares sold in the Company's Primary Offering up to a maximum of 4% in the aggregate and is paid quarterly. The Company will cease paying the stockholder servicing fee with respect to the Class T shares sold in this Offering upon the occurrence of certain defined events. The Dealer Manager will generally re-allow 100% of the stockholder servicing fee to participating broker-dealers; provided, however, that with respect to any individual investment, the Dealer Manager will not re-allow the related stockholder servicing fee to any participating broker-dealer if such participating broker-dealer ceases to hold the account related to such investment. In addition, the Dealer Manager will not re-allow the stockholder servicing fee to any participating broker-dealer if such participating broker-dealer does not have a current executed selling agreement with the Dealer Manager. In any instance in which the Dealer Manager does not re-allow the stockholder servicing fee to a participating broker-dealer, the Dealer Manager will return such fee to the Company. The Company records the stockholder servicing fee as a reduction to paid in capital at the time of sale of the Class T share with a corresponding liability, on an undiscounted basis. From inception through March 31, 2016, the Company recorded the stockholder servicing fee as a general and administrative expense when the fee was paid. The Company’s accounting of stockholder servicing fees of Class T shares sold to the public was determined to not be in compliance with GAAP in prior periods. The Company assessed the cumulative impact of the correction between total equity and total expenses for the year-ended December 31, 2015 and the three months ended March 31, 2016, and as a result, recorded a reduction to equity of approximately $5.6 million and a corresponding increase to Due to Affiliates (as stockholder servicing fee due to the Dealer Manager) of approximately $5.3 million and a decrease of approximately $0.2 million to Corporate Operating Expenses to Affiliates to correct the balances as of June 30, 2016. The effect of the three months ended March 31, 2016 adjustment on income from operations and net loss recorded in the three months ended June 30, 2016 period was $0.2 million and had no impact on earnings per share. In accordance with SEC Staff Accounting Bulletin (“SAB”) No. 99, Materiality and SAB No. 108 (“SAB 108”), Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements , the Company assessed the materiality of this correction on its financial statements for the year ended December 31, 2015 and the three months ended March 31, 2016, using both the roll-over method and iron-curtain methods as defined in SAB 108. The Company concluded the effect was not material to its financial statements for any prior period and, as such, those financial statements are not materially misstated. The Company also concluded that providing for the correction in 2016 did not have a material effect on its financial statements for the quarter ended June 30, 2016 and year ended December 31, 2016. Advisory Agreement The Company entered into the advisory agreement with the Advisor and the Operating Partnership on July 31, 2014, as amended by Amendment No. 1 to the Advisory Agreement dated March 18, 2015, Amendment No. 2 to the Advisory Agreement dated November 2, 2015, Amendment No. 3 to the Advisory Agreement dated December 16, 2015 and Amendment No. 4 to the Advisory Agreement dated February 9, 2016 (together with such amendments, the “Advisory Agreement”). The Advisor manages the Company’s day-to-day activities pursuant to the Advisory Agreement. Pursuant to the Advisory Agreement, the Company is obligated to reimburse the Advisor for certain services and payments, including payments made by the Advisor to third parties, including in connection with potential acquisitions. The Advisory Agreement requires, upon termination of the Offering, that any organizational and offering costs, including selling commissions, dealer manager fees, and stockholder servicing fees, incurred above 15% of gross equity raised in the Company’s Offering and that any organizational and offering costs not including selling commissions, dealer manager fees, and stockholder servicing fees, incurred above 3.5% of gross equity raised in the Company’s Offering shall be reimbursed to the Company. The Advisory Agreement provides that the Company shall reimburse the Advisor for organizational and offering costs, subject to the limitations described above. In conjunction with subsequent amendments to the Advisory Agreement, commencing November 2, 2015, the Company remains obligated to reimburse the Advisor for organizational and offering costs incurred after such date, but only to the extent that such costs exceed 1.0% of the gross offering proceeds of the Company’s Offering. Acquisition Fees Commencing November 2, 2015, the Advisor is entitled to receive a fee in an amount up to 3.85% of the contract purchase price (as such term is defined in the Advisory Agreement) of each property the Company acquires. The fee consists of a 2.0% base acquisition fee and up to an additional 1.85% Contingent Advisor Payment; provided, however, that $5.0 million Contingent Advisor Payment Holdback will be retained by the Company until the later of (a) the termination of the Offering, including any follow-on offerings, or (b) July 31, 2017, at which time such amount shall be paid to the Advisor. In connection with a follow-on offering, the Contingent Advisor Payment Holdback may increase, based upon the maximum offering amount in such follow-on offering and the amount sold in prior offerings. The amount of the Contingent Advisor Payment paid upon the closing of an acquisition will be reviewed on an acquisition by acquisition basis and such payment shall not exceed the then outstanding amounts paid by the Advisor for dealer manager fees and organizational and offering expenses at the time of such closing after taking into account the amount of the Contingent Advisor Payment Holdback described above. For these purposes, the amounts paid by the Advisor and considered as "outstanding" will be reduced by the amount of the Contingent Advisor Payment previously paid. The Advisor may waive or defer all or a portion of the acquisition fee or the Contingent Advisor Payment at any time and from time to time, in the Advisor's sole discretion. Asset Management Fee The Advisor receives an annual asset management fee for managing the Company’s assets equal to 1.0% of the Average Invested Assets, defined as the aggregate carrying value of the assets invested before reserves for depreciation. The fee will be computed based on the average of these values at the end of each month. The asset management fees are earned monthly. Operating Expenses The Advisor and its affiliates are entitled to reimbursement, for certain expenses incurred on behalf of the Company in connection with providing administrative services, including related personnel costs; provided, however, the Advisor must reimburse the Company for the amount, if any, by which total operating expenses (as defined), including advisory fees, paid during the previous 12 months then ended exceeded the greater of: (i) 2% of the Company’s average invested assets for that 12 months then ended; or (ii) 25% of the Company’s net income, before any additions to reserves for depreciation, bad debts or other expenses connected with the acquisition and disposition of real estate interests and before any gain from the sale of the Company’s assets, for that fiscal year, unless the Company’s board of directors has determined that such excess expenses were justified based on unusual and non-recurring factors. The Company reimbursed the Advisor and its affiliates a portion of the compensation paid by the Advisor and its affiliates for the Company's principal financial officer, Javier F. Bitar, former principal financial officer, Joseph E. Miller, executive vice president, David C. Rupert, and vice president and general counsel, Mary P. Higgins of approximately $0.4 million of which $0.2 million is included in operating expenses for the year ended December 31, 2016 and the remaining in offering costs as of December 31, 2016, for services provided to the Company, for which the Company does not pay the Advisor a fee. In addition, the Company incurred approximately $0.2 million and $0.4 million for reimbursable expenses to the Advisor for services provided to the Company by certain of its other executive officers during the years ended December 31, 2016 and 2015. The reimbursable expenses include components of salaries, bonuses, benefits and other overhead charges and are based on the percentage of time each executive officer spends on the Company's affairs. Dealer Manager Agreement The Company entered into a dealer manager agreement with the Dealer Manager on June 20, 2014, as amended by Amendment No. 1 to the Dealer Manager Agreement dated November 25, 2014, as amended by Amendment No. 2 to the Dealer Manager Agreement dated October 9, 2015, and Amendment No. 3 to the Dealer Manager Agreement dated April 25, 2016 and has entered and intends to continue to enter into participating dealer agreements with various broker-dealers authorizing them to sell shares of the Company’s stock in the Primary Offering (together with the dealer manager agreement and all amendments, the “Dealer Manager Agreement”). Through October 30, 2015, the Dealer Manager Agreement provided that the Dealer Manager was entitled to receive a selling commission and dealer manager fee equal to 7.0% and 3.0% , respectively, of gross proceeds from Class A shares sold in the Primary Offering. Commencing November 2, 2015, the Dealer Manager Agreement provided that the Dealer Manager was entitled to receive a selling commission equal to up to 3.0% of gross proceeds from Class T shares sold in the Primary Offering and a dealer manager fee equal to 3.0% of gross proceeds from Class T shares sold in the Primary Offering. Commencing April 25, 2016, the Dealer Manager Agreement provides that the Dealer Manager is entitled to receive a selling commission equal to up to 3.0% of gross proceeds from Class T shares sold in the Primary Offering and an aggregate dealer manager fee equal to 3.0% of gross proceeds from Class T shares and Class I shares sold in the Primary Offering. Pursuant to the Dealer Manager Agreement, of the 3.0% dealer manager fee, 1.0% will be funded by the Company and 2.0% will be funded by the Advisor. In addition, the Dealer Manager is entitled to receive an ongoing stockholder servicing fee with respect to Class T shares that will be payable quarterly and will accrue daily in an amount equal to 1/365th of 1.0% of the purchase price per share (or, once reported, the amount of the estimated NAV) of Class T shares sold in the Primary Offering up to a maximum of 4% in the aggregate. The Company will cease paying the stockholder servicing fee with respect to the Class T shares sold in the Offering at the earlier of (i) the date at which the aggregate underwriting compensation from all sources equals 10% of the gross proceeds from the sale of shares in the Primary Offering (i.e., excluding proceeds from sales pursuant to the DRP); (ii) the fourth anniversary of the last day of the fiscal quarter in which the Offering (excluding the DRP offering) terminates; (iii) the date that such Class T share is redeemed or is no longer outstanding; and (iv) the occurrence of a merger, listing on a national securities exchange, or an extraordinary transaction. Upon the sale of shares by participating broker-dealers, the Dealer Manager will re-allow all of the selling commissions paid in connection with sales made by these participating broker-dealers and may, in the Dealer Manager’s discretion, re-allow all of the stockholder servicing fees paid in connection with sales of Class T shares made by these participating broker-dealers for providing ongoing or regular account or portfolio maintenance for the stockholder, assisting with recordkeeping, assisting and processing distribution payments, assisting with share repurchase requests, offering to meet with the stockholder periodically to provide overall guidance on the stockholder’s investment in the Company or to answer questions about the account statement or valuations, or providing other similar services as the stockholder may reasonably require in connection with such stockholder’s investment in Class T Shares; provided, however, that with respect to any individual investment, the Dealer Manager will not re-allow the related stockholder servicing fee to any broker-dealer if such broker-dealer ceases to hold the account related to such investment or fails to provide the aforementioned services . In any instance in which the Dealer Manager does not re-allow the stockholder servicing fee to a participating broker-dealer, the Dealer Manager will return such fee to the Company. The Dealer Manager will also generally re-allow to participating broker-dealers a portion of the 3.0% dealer manager fee earned on the proceeds raised by the participating broker-dealers as marketing fees, reimbursement of the 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 sponsored by participating broker-dealers, or to defray other distribution-related expenses. Property Management Agreement In the event that the Company contracts directly with non-affiliated third party property managers with respect to its individual properties, the Company pays the Property Manager an oversight fee equal to 1.0% of the gross revenues of the property managed, plus reimbursable costs as applicable. Reimbursable costs and expenses include wages and salaries and other expenses of employees engaged in operating, managing and maintaining the Company's properties, as well as certain allocations of office, administrative, and supply costs. In the event that the Company contracts directly with the Property Manager with respect to a particular property, the Company pays the Property Manager aggregate property management fees of up to 3.0% , or greater if the lease so allows, of gross revenues received for management of the Company's properties, plus reimbursable costs as applicable. These property management fees may be paid or re-allowed to third party property managers if the Property Manager contracts with a third party. In no event will the Company pay both a property management fee to the Property Manager 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 5.0% 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. Employee and Director Long-Term Incentive Plan The Company’s board of directors 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, 2016 , there were 7,093,965 shares reserved for issuance under the Plan, however, no awards had 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 or co-sponsors to some or all of 14 other programs affiliated with the Sponsor, including Griffin Capital Essential Asset REIT, Inc. ("GCEAR"), Griffin-American Healthcare REIT III, Inc. ("GAHR III"), and Griffin-American Healthcare REIT IV, Inc. ("GAHR IV"), all of which are publicly-registered, non-traded real estate investment trusts, Griffin-Benefit Street Partners BDC Corp. ("GB-BDC"), a non-traded business development company regulated under the Investment Company Act of 1940 (the "1940 Act"), and Griffin Institutional Access Real Estate Fund ("GIA Real Estate Fund"), and Griffin Institutional Access Credit Fund ("GIA Credit Fund"), 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: 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. 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	12 Months Ended
	Dec. 31, 2016
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	12 Months Ended
	Dec. 31, 2016
Declaration of Distributions [Abstract]
Declaration of Distributions	Declaration of Distributions During the quarter ended December 31, 2016 , the Company paid cash distributions in the amount of $0.00150273220 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, 2016 through December 31, 2016 . Such distributions were paid on a monthly basis, on or about the first day of the month, for the month then-ended. During the quarter ended December 31, 2016 , the Company paid stock distributions in the amount of 0.000013661 Class A shares, Class T shares or Class I shares per day per share payable to stockholders of record at the close of business on each day during the period from October 1, 2016 through December 31, 2016 . Such distributions were paid on a monthly basis, on or about the first day of the month, for the month then-ended. On December 20, 2016, the Company’s board of directors declared cash 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, 2017 through March 31, 2017. 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. On December 20, 2016, the Company's board of directors declared a stock distribution in the amount of 0.000013699 shares of stock per day on the outstanding shares of common stock payable to stockholders of record at the close of business each day of the period commencing on January 1, 2017 through March 31, 2017.

Selected Quarterly Financial Da

Selected Quarterly Financial Data (unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (unaudited)	Selected Quarterly Financial Data (Unaudited) Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2016 and 2015 : 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenue $ 12,502,425 $ 13,330,196 $ 16,333,422 $ 20,646,411 Net (loss)/income $ (1,140,542 ) $ (2,825,782 ) $ (2,736,725 ) $ 596,699 Net (loss)/income attributable to common stockholders $ (1,139,852 ) $ (2,824,537 ) $ (2,735,766 ) $ 596,520 Net (loss)/income per share (1) $ (0.03 ) $ (0.06 ) $ (0.05 ) $ 0.01 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenue $ 30,179 $ 3,570,455 $ 9,682,928 $ 11,865,461 Net (loss) $ (1,026,391 ) $ (9,797,905 ) $ (2,638,219 ) $ (3,043,138 ) Net (loss) attributable to common stockholders $ (1,019,804 ) $ (9,801,118 ) $ (3,259,242 ) $ (3,167,440 ) Net (loss) per share (1) $ (0.30 ) $ (0.87 ) $ (0.18 ) $ (0.13 ) (1) Amounts were retroactively adjusted to reflect stock dividends. (See note 2, Basis of Presentation and Summary of Significant Accounting Policies, for additional detail).

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Status of the Offering As of March 9, 2017 , the Company has received and accepted subscriptions in the Offering for 24,199,760 , 47,563,146 and 901,225 Class A, Class T and Class I shares of common stock, or $240.8 million , $474.9 million and $8.4 million respectively, excluding Class A ,Class T and Class I shares of common stock issued pursuant to the DRP. To date, a total of $13.4 million , $9.7 million and $0.1 million in distributions of Class A, Class T and Class I common stock were reinvested pursuant to the DRP, respectively, and 1,415,264 and 1,030,750 and 11,344 Class A and Class T and Class I shares of common stock were issued pursuant to the DRP, respectively. Declaration of Distributions On March 7, 2017, the Company’s board of directors declared cash 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, 2017 through June 30, 2017. 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. On March 7, 2017, the Company’s board of directors declared stock distributions in the amount of 0.000013699 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, 2017 through June 30, 2017. 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 Allstate Property On January 31, 2017, the Company, through the Operating Partnership, acquired a three-story, Class "A" office property consisting of 70,273 net rentable square feet located in Lone Tree, Colorado (the "Allstate property"). The Allstate property is currently leased in its entirety to Allstate Insurance Company. The purchase price for the Allstate property was $14.75 million , plus closing costs, less a credit in the amount of $350,000 applied at closing.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	Initial Cost to Company Cost Capitalized Subsequent to Acquisition Gross Carrying Amount at December 31, 2016 Life on which depreciation in latest income statement is computed Property Property Type ST Encumbrances Land Building and Improvements (1) Land Building and Improvements Total Accumulated Depreciation and Amortization Date of Construction Date of Acquisition Owens Corning Industrial NC $ 3,300,000 $ 575,000 $ 5,166,626 $ — $ 575,000 $ 5,166,626 $ 5,741,626 $ 313,103 N/A 3/9/2015 5-40 years Westgate II Office TX 34,200,000 3,732,053 55,101,476 — 3,732,053 55,101,476 58,833,529 4,134,011 N/A 4/1/2015 5-40 years Administrative Office of Pennsylvania Courts Office PA 6,070,000 1,207,000 8,936,000 — 1,207,000 8,936,000 10,143,000 625,641 N/A 4/22/2015 5-40 years American Express Center Data Center/Office AZ 54,900,000 5,750,000 113,670,000 — 5,750,000 113,670,000 119,420,000 11,016,228 N/A 5/11/2015 5-40 years MGM Corporate Center Office NV 18,180,000 4,260,342 28,704,658 — 4,260,342 28,704,658 32,965,000 2,084,317 N/A 5/27/2015 5-40 years American Showa Industrial OH 10,320,000 1,452,649 15,747,351 — 1,452,649 15,747,351 17,200,000 907,536 N/A 5/28/2015 5-40 years Huntington Ingalls Industrial VA (2) 5,415,000 29,836,000 — 5,415,000 29,836,000 35,251,000 1,675,105 N/A 6/26/2015 5-40 years Wyndham Office NJ (2) 5,695,816 76,531,589 — 5,695,816 76,531,589 82,227,405 3,981,852 N/A 6/26/2015 5-40 years Exel Distribution Center OH (2) 1,988,200 13,958,000 — 1,988,200 13,958,000 15,946,200 878,556 N/A 6/30/2015 5-40 years Morpho Detection Office MA (2) 2,350,000 9,482,000 — 2,350,000 9,482,000 11,832,000 680,636 N/A 7/1/2015 5-40 years FedEx Freight Industrial OH (2) 2,774,000 25,913,000 — 2,774,000 25,913,000 28,687,000 1,379,537 N/A 7/22/2015 5-40 years Aetna Office AZ (2) 1,852,514 20,480,575 — 1,852,514 20,480,575 22,333,089 731,750 N/A 7/29/2015 5-40 years Bank of America I Office CA (2) 5,491,000 23,514,000 70,926 5,491,000 23,584,926 29,075,926 2,159,816 N/A 8/14/2015 5-40 years Bank of America II Office CA (2) 9,206,000 20,204,000 — 9,206,000 20,204,000 29,410,000 2,134,340 N/A 8/14/2015 5-40 years Atlas Copco Office MI (2) 1,480,000 16,490,000 — 1,480,000 16,490,000 17,970,000 904,846 N/A 10/1/2015 5-40 years Toshiba TEC Office NC (2) 4,130,000 36,820,748 — 4,130,000 36,820,748 40,950,748 1,309,377 N/A 1/21/2016 5-40 years NETGEAR Office CA (2) 20,725,500 25,886,500 — 20,725,500 25,886,500 46,612,000 827,046 N/A 5/17/2016 5-40 years Nike Office OR (2) 5,988,000 42,397,000 9,067 5,988,000 42,406,067 48,394,067 1,623,982 N/A 6/16/2016 5-40 years Zebra Technologies Office IL (2) 5,238,441 56,525,559 — 5,238,441 56,525,559 61,764,000 1,001,005 N/A 8/1/2016 5-40 years WABCO Industrial SC (2) 1,301,500 12,598,000 — 1,301,500 12,598,000 13,899,500 156,888 N/A 9/14/2016 5-40 years IGT Office NV (2) 6,324,766 64,441,234 40,000 6,324,766 64,481,234 70,806,000 561,289 N/A 9/27/2016 5-40 years 3M Industrial IL (2) 5,320,224 62,247,035 — 5,320,224 62,247,035 67,567,259 388,889 N/A 10/25/2016 5-40 years Amazon Industrial OH (2) 5,331,439 85,769,741 — 5,331,439 85,769,741 91,101,180 312,452 N/A 11/18/2016 5-40 years Zoetis Office NJ (2) 3,374,660 42,264,682 — 3,374,660 42,264,682 45,639,342 73,507 N/A 12/16/2016 5-40 years Southern Company Office AL (2) 6,605,387 122,680,097 — 6,605,387 122,680,097 129,285,484 93,062 N/A 12/21/2016 5-40 years Total $ 126,970,000 $ 117,569,491 $ 1,015,365,871 $ 119,993 $ 117,569,491 $ 1,015,485,864 $ 1,133,055,355 $ 39,954,771 (1) Amounts include intangibles. (2) The acquisitions were funded by the credit facility. (3) As of December 31, 2016 , the aggregate cost of real estate the Company and consolidated subsidiaries own for federal income tax purposes was approximately $1.1 billion (unaudited). Activity for the year ended December 31, 2016 2015 Real estate facilities Balance at beginning of year $ 516,964,849 $ — Acquisitions 615,970,513 516,964,849 Improvements 40,000 — Construction-in-progress 79,993 — Balance at end of year $ 1,133,055,355 $ 516,964,849 Accumulated depreciation Balance at beginning of year $ 12,060,635 $ — Depreciation and amortization expense 27,894,136 12,060,635 Balance at end of year $ 39,954,771 $ 12,060,635 Real estate facilities, net $ 1,093,100,584 $ 504,904,214

Basis of Presentation and Sum23

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
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.
Principles of Consolidation	Principles of Consolidation The Company's financial statements, and the financial statements of the Company's operating partnership, including its wholly-owned subsidiaries, are consolidated in the accompanying consolidated financial statements. The portion of these entities not wholly-owned by the Company is presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated in consolidation.
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, 2016 and 2015 . 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, 2016 .
Changes in Consolidated Financial Statements Presentation	Change in Consolidated Financial Statements Presentation Certain amounts in the Company's prior period consolidated financial statements have been reclassified to conform to the current period presentation. Corporate operating expenses to affiliates are presented separately from general and administrative expenses on the statement of operations for all periods presented. See Note 10, Related Party Transactions. The Company decided to discontinue marketing the One Century Place property located in Nashville, Tennessee for sale. The One Century Place property, which was previously classified as held for sale and carried at the lower of its (i) carrying amount or (ii) fair value less costs to sell, was reclassified as held and used. As a result, assets and liabilities are presented as held and used on the consolidated balance sheets for all periods presented.
Real Estate Purchase Price Allocation	Real Estate Purchase Price Allocation In January 2017, the FASB issued Accounting Standards Update ("ASU") 2017-01, Business Combinations, (see “Recently Issued Accounting Pronouncements” below) that clarifies the framework for determining whether an integrated set of assets and activities meets the definition of a business. The revised framework establishes a screen for determining whether an integrated set of assets and activities is a business and narrows the definition of a business, which is expected to result in fewer transactions being accounted for as business combinations. Acquisitions of integrated sets of assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. This update is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted for transactions that have not been reported in previously issued (or available to be issued) financial statements. The Company adopted this accounting standard early effective October 1, 2016. As a result of this adoption, the Company evaluated four real estate acquisitions completed during the fourth quarter of 2016 under the new framework and determined that the assets acquired did not meet the definition of a business. Accordingly, the Company accounted for these transactions as asset acquisitions (see Note 3, Real Estate ). The Company applies 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 recognizes 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 recognizes 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. For properties acquired in a sale-leaseback transaction or properties that do not meet the definition of a business combination, acquisition fees and acquisition expenses are included as part of the acquisition price. Acquired in-place leases are valued as above-market or below-market as of the date of acquisition. The in-place lease valuation is 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 are 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 are 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 requires the use of significant assumptions about current market rental rates, rental growth rates, discount rates and other variables.
Depreciation and Amortization	Depreciation and Amortization The purchase price of real estate to be acquired and the costs related to the development, construction, and property improvements are capitalized. Repairs and maintenance costs include all costs that do not extend the useful life of the real estate asset and are expensed as incurred. The Company considers 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	Impairment of Real Estate and Related Intangible Assets The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of real estate and related intangible assets may not be recoverable, including credit ratings of all tenants to stay abreast of any material changes in credit quality. The Company monitors tenant credit by (1) reviewing the credit ratings of tenants (or their parent companies or lease guarantors) that are rated by nationally recognized rating agencies; (2) reviewing financial statements and related metrics and information that are publicly available or that are required to be provided pursuant to the lease; (3) monitoring news reports and press releases regarding the tenants (or their parent companies or lease guarantors), and their underlying business and industry; and (4) monitoring the timeliness of rent collections. 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 assesses whether the carrying value of the assets will be recovered through the future undiscounted 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 charge to the extent the carrying value exceeds the net present value of the estimated future cash flows 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.
Revenue Recognition	Revenue Recognition Leases associated with the acquisition and contribution of certain real estate assets (see Note 3, Real Estate ) have net minimum rent payment increases during the term of the lease and are recorded to rental revenue on a straight-line basis, commencing as of the contribution or acquisition date. If a lease provides for contingent rental income, 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 amounts collected from tenants for the recovery of certain operating expenses, including repair and maintenance, property taxes and insurance, and capital expenditures, to the extent allowed pursuant to the lease (collectively "Recoverable Expenses"), is recognized as revenue when the additional rent is due. Recoverable Expenses to be reimbursed by a tenant are determined based on the Company's estimate of the property's operating expenses for the year, pro rated based on leased square footage of the property, and are collected in equal installments as additional rent from the tenant, pursuant to the terms of the lease. At the end of the calendar year, the Company reconciles the amount of additional rent paid by the tenant during the year to the actual amount of Recoverable Expenses incurred by the Company for the same period. The difference, if any, is either charged or credited to the tenant pursuant to the provisions of the lease. In certain instances the lease may restrict the amount the Company can recover from the tenant such as a cap on certain or all property operating expenses.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Accounting Standards Codification ("ASC") Topic 815: Derivatives and Hedgin g ("ASC 815"), provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments, (b) how the entity accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments. As required by ASC 815, the Company recorded all derivatives on the consolidated balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, and whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. (See Note 5, Interest Rate Contracts).
Income Taxes	Income Taxes The Company elected to be taxed as a REIT under Sections 856 through 860 of the Code for the year ended December 31, 2015 and for each year thereafter. 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 is organized and will 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, 2016 , 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. As of December 31, 2016 and 2015 , there were no common stock equivalents that would have a dilutive effect on earnings (loss) per share for common stockholders. The Company retroactively adjusted the number of common shares outstanding in accordance with ASC 260-10, Earnings per Share. ASC 260-10 requires the computations of basic and diluted earnings per share shall be adjusted retroactively for all periods presented to reflect the change in capital structure, if the number of common shares outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split. If changes in common stock resulting from stock dividends, stock splits, or reverse stock splits occur after the close of the period but before the consolidated financial statements are issued or are available to be issued, the per-share computations for those and any prior-period consolidated financial statements presented shall be based on the new number of shares.
Segment Information	Segment Information ASC Topic 280, Segment Reporting , establishes standards for reporting financial and descriptive information about a public entity’s reportable segments. The Company internally evaluates all of the properties and interests therein as one reportable segment.
Unaudited Data	Unaudited Data Any references to the number of buildings, square footage, number of leases, occupancy, and any amounts derived from these values in the notes to the consolidated financial statements are unaudited and outside the scope of the Company's independent registered public accounting firm's audit of its consolidated financial statements in accordance with the standards of the Public Company Accounting Oversight Board.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In January 2017, the FASB issued ASU 2017-01, Business Combinations, that clarified the definition of a business. The ASU is effective for reporting periods beginning after December 15, 2017, with early adoption permitted. The Company adopted this update on October 1, 2016. Refer to “ Real Estate Purchase Price Allocation ” above for a discussion of this new accounting pronouncement. In November 2016, the FASB issued an ASU 2016-18, Restricted Cash , that will require companies to include restricted cash and restricted cash equivalents with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The ASU will require a disclosure of a reconciliation between the statement of financial position and the statement of cash flows when the statement of financial position includes more than one line item for cash, cash equivalents, restricted cash, and restricted cash equivalents. Entities with material restricted cash and restricted cash equivalents balances will be required to disclose the nature of the restrictions. The ASU is effective for reporting periods beginning after December 15, 2017, with early adoption permitted, and will be applied retrospectively to all periods presented.The Company does not expect the adoption of ASU No. 2016-18 to have a significant impact on its financial statements. In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments . ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing diversity in practice. The cash flow issues include debt prepayment or debt extinguishment costs and proceeds from the settlement of insurance claims. The ASU is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017. The Company is currently evaluating the impact the new standard may have on our consolidated financial statements. The Company does not expect the adoption of ASU No. 2016-15 to have a significant impact on its financial statements. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments, that changes the impairment model for most financial instruments by requiring companies to recognize an allowance for expected losses, rather than incurred losses as required currently by the other-than-temporary impairment model. The ASU will apply to most financial assets measured at amortized cost and certain other instruments, including trade and other receivables, loans, held-to-maturity debt securities, net investments in leases, and off-balance-sheet credit exposures (e.g., loan commitments). The ASU is effective for reporting periods beginning after December 15, 2019, with early adoption permitted, and will be applied as a cumulative adjustment to retained earnings as of the effective date. The Company is currently evaluating the potential impact of the pending adoption of this new guidance on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases ("ASU 2016-02"). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019. Early adoption of ASU 2016-02 as of its issuance is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting the standard on the consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) (“ASU 2015-03”) to amend the accounting guidance for the presentation of debt issuance costs. The standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is effective for public business entities for fiscal years beginning after December 15, 2015 and retrospective application is required. The Company adopted ASU 2015-03, beginning with the quarter ended March 31, 2016. As a result of the adoption of ASU 2015-03, the Company reclassified approximately $3.6 million of net debt issuance costs from an asset (previously recorded in the line item “Deferred financing costs, net” in the consolidated balance sheet) to a reduction in the carrying amount of the Company's debt as of December 31, 2015. ASU 2015-03 also expands disclosure requirements to include the face amount of the debt liability and the effective interest rate in the notes to the consolidated financial statements. (See Note 4, Debt.) In February 2015, the FASB issued ASU No. 2015-02, Consolidation: Amendments to the Consolidation Analysis ("ASU No. 2015-02"), which amended the existing accounting standards for consolidation under both the variable interest model and the voting model. Under ASU No. 2015-02, companies will need to re-evaluate whether an entity meets the criteria to be considered a VIE, whether companies still meet the definition of primary beneficiaries, and whether an entity needs to be consolidated under the voting model. ASU No. 2015-02 may be applied using a modified retrospective approach or retrospectively, and is effective for reporting periods beginning after December 15, 2015. Early adoption is permitted. The Company adopted ASU No. 2015-02, beginning with the quarter ended March 31, 2016. There was no change to the Company's consolidated financial statements as a result of adoption. In August 2014, the FASB issued ASU No. 2014-15, P resentation of Financial Statements (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU No. 2014-15”). The amendments in ASU No. 2014-15 require management to evaluate, for each annual and interim reporting period, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or are available to be issued when applicable) and, if so, provide related disclosures. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. There was no change to the Company's consolidated financial statements or notes as a result of adoption. 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. ASU No. 2014-09 was originally effective for reporting periods beginning after December 31, 2016 (for public entities). On April 1, 2015, the FASB voted to defer the effective date of ASU No. 2014-09 by one year, to annual reporting periods beginning after December 15, 2017. On July 9, 2015, the FASB affirmed its proposal to defer the effective date to annual reporting periods beginning after December 15, 2017, although entities may elect to adopt the standard as of the original effective date. The Company is currently evaluating the impact of adopting the standard on the consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) . The amendments clarify how an entity should identify the unit of accounting (i.e., the specified good or service) for the principal versus agent evaluation, and how it should apply the control principle to certain types of arrangements, such as service transactions, by explaining what a principal controls before the specified good or service is transferred to the customer. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements of ASU No. 2014-09. ASU No. 2014-09 was originally effective for reporting periods beginning after December 15, 2016 (for public entities). On April 1, 2015, the FASB voted to defer the effective date of ASU No. 2014-09 by one year, to annual reporting periods beginning after December 15, 2017. On July 9, 2015, the FASB affirmed its proposal to defer the effective date to annual reporting periods beginning after December 15, 2017, although entities may elect to adopt the standard as of the original effective date. The Company is currently evaluating the impact of adopting the standard on the consolidated financial statements.

Basis of Presentation and Sum24

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Property, Plant and Equipment	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

Real Estate (Tables)

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Aggregate purchase price of the acquisitions	The purchase price and other acquisition items for properties acquired during the year ended December 31, 2016 are shown below. Paid to Advisor Property Location Tenant/Major Lessee Acquisition Date Purchase Price Approx. Square Feet Acquisition Fees and Reimbursable Expenses (1) Contingent Advisor Payment (2) Year of Lease Expiration Toshiba TEC Durham, NC Toshiba TEC Corporation 1/21/2016 $ 35,800,748 200,800 $ 851,835 $ — 2028 NETGEAR San Jose, CA NETGEAR, Inc. 5/17/2016 44,000,000 142,700 987,286 197,780 2025 Nike Hillsboro, OR Nike, Inc. 6/16/2016 45,500,000 266,800 1,011,061 841,750 2020 Zebra Technologies Lincolnshire, IL Hewitt Associates LLC (3) 8/1/2016 60,150,000 283,300 1,346,068 1,112,775 2017/2026 WABCO North Charleston, SC WABCO Air Compressor Holdings Inc. 9/14/2016 13,834,500 145,200 458,010 255,938 2023 IGT Las Vegas, NV IGT 9/27/2016 66,500,000 222,300 1,521,553 1,230,250 2030 3M DeKalb, IL 3M Company 10/25/2016 69,356,000 978,100 1,580,988 933,511 2026 Amazon Etna, OH Amazon.com.dedc LLC 11/18/2016 88,896,060 855,000 2,052,820 541,299 2031 Zoetis Parsippany, NJ Zoetis Services LLC 12/16/2016 44,000,000 125,700 1,063,673 698,565 2028 Southern Company Birmingham, AL Southern Company Services, Inc. 12/22/2016 131,590,000 669,400 3,056,530 89,803 2044 (1) The fee consists of a 2.0% base acquisition fee and acquisition expense reimbursement for actual acquisition expenses incurred, estimated to be approximately 1% of acquisition value. (See Note 10, Related Party Transactions , for additional discussion.) (2) Pursuant to the Advisory Agreement, the Advisor is entitled to receive an acquisition fee in an amount up to 3.85% of the contract purchase price (as such term is defined in the Advisory Agreement) for each property the Company acquires. The acquisition fee consists of a 2.0% base acquisition fee and up to an additional 1.85% contingent advisor payment (the "Contingent Advisor Payment"); provided, however, that $5.0 million of amounts advanced by the Advisor for dealer manager fees and organizational and offering expenses (the "Contingent Advisor Payment Holdback") will be retained by the Company until the later of (a) the termination of the Offering, including any follow-on offerings, or (b) July 31, 2017, at which time such amount shall be paid to the Advisor. In connection with a follow-on offering, the Contingent Advisor Payment Holdback may increase, based upon the maximum offering amount in such follow-on offering and the amount sold in prior offerings. (3) The property is currently leased to Hewitt Associates LLC ("Hewitt"), a wholly owned subsidiary of Aon PLC, through February 28, 2017, and Zebra Technologies Corporation ("Zebra Technologies") occupies the property under a sublease agreement. On March 1, 2017, immediately following Hewitt's lease expiration, Zebra Technologies' 117-month lease with the Company will commence.
Summary of purchase price allocation	The following summarizes the purchase price allocation for the properties acquired during the year ended December 31, 2016 : Properties Land Building and Improvements Tenant Origination and Absorption Cost In-Place Lease Valuation Above Market In-Place Lease Valuation (Below) Market Other Assets Other assumed liabilities (2) Total Toshiba TEC $ 4,130,000 $ 28,640,000 $ 8,180,748 $ — $ (5,150,000 ) $ — $ (600,748 ) $ 35,200,000 NETGEAR 20,725,500 17,656,000 8,230,500 — (2,612,000 ) — (1,663,500 ) 42,336,500 Nike 5,988,000 32,535,000 9,862,000 — (2,885,000 ) — — 45,500,000 Zebra Technologies 5,238,441 35,939,000 20,586,559 326,000 (1,940,000 ) — (5,170,557 ) 54,979,443 WABCO 1,301,500 10,823,000 1,775,000 — (65,000 ) — — 13,834,500 IGT 6,324,766 52,818,000 11,623,234 — (4,266,000 ) — (4,049,234 ) 62,450,766 3M (1) 5,320,224 55,144,873 7,102,162 3,419,559 — — — 70,986,818 Amazon (1) 5,331,439 75,263,912 10,505,829 75,899 — — — 91,177,079 Zoetis (1) 3,374,660 31,568,059 10,696,623 6,224 — — — 45,645,566 Southern Company (1) 6,605,387 94,487,898 28,192,198 — (7,030,087 ) 12,483,760 (43,783,030 ) 90,956,126 Total $ 64,339,917 $ 434,875,742 $ 116,754,853 $ 3,827,682 $ (23,948,087 ) $ 12,483,760 $ (55,267,069 ) $ 553,066,798 (1) The Company evaluated each fourth quarter transaction above, under the clarified framework for determining whether an integrated set of assets and activities meets the definition of a business, pursuant to the ASU issued in January 2017, which the Company early-adopted effective October 1, 2016. Acquisitions that do not meet the definition of a business are accounted for as asset acquisitions. Since the four transactions lacked a substantive process, these transactions did not meet the definition of a business and consequently were accounted for as asset acquisitions. In each of these transactions, the Company allocated the total consideration (including acquisition costs) for each acquisition to the individual assets and liabilities acquired on a relative fair value basis. (2) Includes liabilities assumed (prepaid rents, tenant improvements and other payables) at the time of acquisition.
Schedule of pro forma financial information	The pro forma operating information excludes certain nonrecurring adjustments, such as acquisition fees and expenses incurred, to reflect the pro forma impact the acquisition would have on earnings on a continuous basis: Year Ended December 31, 2016 2015 Revenue $ 100,986,064 $ 77,653,287 Net income $ 11,634,011 $ 9,752,213 Net income attributable to noncontrolling interests $ 5,147 $ 18,453 Net income attributable to common stockholders (1) $ 11,628,865 $ 8,960,957 Net income to common stockholders per share, basic and diluted $ 0.23 $ 0.63 (1) Amount is net of net income (loss) attributable to noncontrolling interests and distributions to redeemable noncontrolling interests attributable to common stockholders.
Schedule of future minimum net rent payments	The future minimum contractual rent payments pursuant to the lease terms, with lease expirations ranging from 2017 to 2044, are shown in the table below: 2017 $ 62,133,294 2018 68,567,983 2019 75,822,030 2020 77,375,910 2021 69,507,122 Thereafter 583,028,439 Total $ 936,434,778
Schedule of in-place lease valuation	The in-place lease was measured against comparable leasing information and the present value of the difference between the contractual, in-place rent and the fair market rent was calculated using, as the discount rate, the capitalization rate utilized to compute the value of the real estate at acquisition. December 31, 2016 December 31, 2015 In-place lease valuation (above market) $ 3,827,682 $ — In-place lease valuation (above market), accumulated amortization (299,828 ) — In-place lease valuation (above market), net $ 3,527,854 $ — In-place lease valuation (below market) $ (61,068,648 ) $ (37,120,561 ) In-place lease valuation (below market) - accumulated amortization 5,749,497 1,858,029 In-place lease valuation (below market), net $ (55,319,151 ) $ (35,262,532 ) Tenant origination and absorption cost $ 227,407,041 $ 110,652,188 Tenant origination and absorption cost - accumulated amortization (23,408,777 ) (7,145,094 ) Tenant origination and absorption cost, net $ 203,998,264 $ 103,507,094
Schedule of amortization expense	The amortization of the intangible assets and other leasing costs for the years ended December 31, 2016 and 2015 are as follows: Amortization (income) expense for the year ended December 31, 2016 2015 In-place lease valuation $ (3,591,640 ) $ (1,858,029 ) Tenant origination and absorption cost $ 16,263,683 $ 7,145,094
Schedule of amortization (income) expense, future amortization	The following table sets forth the estimated annual amortization (income) expense for in-place lease valuation, and tenant origination and absorption costs as of December 31, 2016 for the next five years : Year In-Place Lease Valuation Tenant Origination and Absorption Costs 2017 $ (4,491,000 ) $ 22,721,000 2018 $ (4,617,000 ) $ 22,806,000 2019 $ (4,617,000 ) $ 22,806,000 2020 $ (4,617,000 ) $ 22,806,000 2021 $ (3,722,000 ) $ 22,806,000
Below market lease, future amortization	The following table sets forth the estimated annual amortization (income) expense for in-place lease valuation, and tenant origination and absorption costs as of December 31, 2016 for the next five years : Year In-Place Lease Valuation Tenant Origination and Absorption Costs 2017 $ (4,491,000 ) $ 22,721,000 2018 $ (4,617,000 ) $ 22,806,000 2019 $ (4,617,000 ) $ 22,806,000 2020 $ (4,617,000 ) $ 22,806,000 2021 $ (3,722,000 ) $ 22,806,000

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt	As of December 31, 2016 , the Company’s debt consisted of the following: Book Value as of December 31, 2016 Book Value as of December 31, 2015 Contractual Interest Rate (1) Payment Type Loan Maturity Effective Interest Rate (4) Revolving Credit Facility $ 333,457,720 $ 138,557,720 2.27% Interest Only December 2019 (2) 2.58% AIG Loan 126,970,000 126,970,000 4.15% Interest Only (3) November 2025 4.22% Total Debt 460,427,720 265,527,720 Unamortized deferred financing costs (3,956,273 ) (3,573,746 ) Total Debt, net $ 456,471,447 $ 261,953,974 (1) The 2.27% contractual interest rate is based on a 360 -day year, pursuant to the Revolving Credit Facility, whereas the 2.30% weighted-average interest rate is based on a 365 -day year. As discussed below, the interest rate on the Revolving Credit Facility (as defined below) is a one-month LIBO Rate + 1.65% . As of December 31, 2016 , the LIBO Rate was 0.62% . Including the effect of an interest rate swap agreement with a notional amount of $100.0 million , the weighted average interest rate as of December 31, 2016 was approximately 2.84% for the Company's fixed-rate and variable-rate debt combined. (2) The 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 and upon payment of an extension fee. See discussion below. (3) The AIG Loan (as defined below) requires monthly payments of interest only, at a fixed rate, for the first five years and fixed monthly payments of principal and interest thereafter. (4) Reflects the effective interest rate at December 31, 2016 and includes the effect of amortization of deferred financing costs.
Schedule of Maturities of Long-term Debt	The following summarizes the future principal repayments of all loans as of December 31, 2016 per the loan terms discussed above: December 31, 2016 2017 $ — 2018 — 2019 333,457,720 (1) 2020 178,101 (2) 2021 2,185,867 (2) Thereafter 124,606,032 (2) Total principal 460,427,720 Unamortized deferred loan costs (3,956,273 ) Total $ 456,471,447 (1) Amount includes payment of the balance of the Revolving Credit Facility, which is due in December 2019. (2) Amount includes payments of the balance of the AIG Loan.

Interest Rate Contracts (Tables

Interest Rate Contracts (Tables)	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Interest Rate Swaps	The following table sets forth a summary of the interest rate swap at December 31, 2016 and December 31, 2015 : Fair value (1) Current Effective Notional Amount (2) Derivative Instrument Effective Date Maturity Date Interest Strike Rate December 31, 2016 December 31, 2015 December 31, 2016 December 31, 2015 Assets/(Liabilities): Interest Rate Swap 4/1/2016 12/12/2018 0.74% $ 996,099 $ — $ 100,000,000 $ — (1) The Company records all derivative instruments on a gross basis on the consolidated balance sheets, and accordingly, there are no offsetting amounts that net assets against liabilities. As of December 31, 2016 , the Company's derivative was in an asset position, and as such, the fair value is included in the line item "Other Assets, net" on the consolidated balance sheet. (2) Represents the notional amount of swap that was effective as of the balance sheet date of December 31, 2016 and December 31, 2015.
Impact of Interest Rate Swap Agreements on Consolidated Financial Statements	The following table sets forth the impact of the interest rate swap on the consolidated financial statements for the periods presented: Year Ended 2016 2015 Interest Rate Swap in Cash Flow Hedging Relationship: Amount of (loss) gain recognized in AOCL on derivatives (effective portion) $ 662,695 $ — Amount of (loss) gain reclassified from AOCL into earnings under “Interest expense” (effective portion) $ 178,757 $ — Amount of (loss) gain recognized in earnings under “Interest expense” (ineffective portion and amount excluded from effectiveness testing) $ 154,647 $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	The following tables set forth the assets/(liabilities) that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2016 : Total Fair Value Quoted Prices in Active Markets for Identical Assets and Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Interest Rate Swaps at: December 31, 2016 $ 996,099 $ — $ 996,099 $ —
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The Company determined that the mortgage loan valuation in its entirety is classified in Level 2 of the fair value hierarchy, as the fair value is based on current pricing for debt with similar terms as the in-place debt, and there were no transfers into and out of fair value measurement levels during the years ended December 31, 2016 and 2015 . December 31, 2016 December 31, 2015 Fair Value Carrying Value (1) Fair Value Carrying Value (1) AIG Loan $ 120,321,701 $ 126,970,000 $ 126,970,000 $ 126,970,000 (1) The carrying value of the AIG loan does not include deferred financing costs as of December 31, 2016 and 2015 . See Note 4, Debt , for details.

Accrued Expenses and Other Li29

Accrued Expenses and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued expenses and other liabilities consisted of the following as of December 31, 2016 and 2015 : Year Ended December 31, 2016 2015 Prepaid rent $ 9,483,963 $ 2,382,913 Leasing commission payable 3,783,030 — Other liabilities 8,260,133 4,628,330 Total $ 21,527,126 $ 7,011,243

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Schedule of Shares Issued and Gross Proceeds for Each Share Class	The following table summarizes shares issued and gross proceeds for each share class as of December 31, 2016 : Class A Class T Class I Gross proceeds from Primary Offering $ 240,779,591 $ 436,785,597 $ 7,181,972 Gross proceeds from DRP $ 12,192,042 $ 7,484,285 $ 70,161 Shares issued in Primary Offering 24,199,760 43,754,033 772,261 DRP shares issued 1,284,804 790,101 7,421 Stock distribution shares issued 171,765 125,592 1,352 Total shares issued prior to redemptions 25,656,329 44,669,726 781,034
Organizational and Offering Costs Incurred	Organizational and offering costs incurred as of December 31, 2016 and 2015 , including those incurred by the Company and due to the Advisor, for the Offering are as follows: December 31, 2016 December 31, 2015 Cumulative offering costs $ 72,009,476 $ 28,668,982 Cumulative organizational costs $ 716,724 $ 517,841 Organizational and offering costs advanced by the Advisor, excluding Contingent Advisor Payment Holdback $ 4,073,651 $ 3,534,806 Less payments (4,073,651 ) (3,073,206 ) Net organizational and offering costs advanced by the Advisor, excluding Contingent Advisor Payment Holdback (1) $ — $ 461,600 Advisor Advances: Organizational and offering costs advanced by the Advisor $ 2,477,391 $ 382,314 Dealer Manager fees advanced by the Advisor 2,931,542 764,628 Net Organizational and Offering costs and Dealer Manager fees advanced by the Advisor $ 5,408,933 $ 1,608,542 (1) See Note 10, Related Party Transactions , for discussion on Contingent Advisor Payment Holdback.
Share redemption price	The redemption price per share 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 per Share Less than 1 year No Redemption Allowed After one year from the purchase date 90.0% of the Redemption Amount (as defined below) After two years from the purchase date 95.0% of the Redemption Amount After three years from the purchase date 97.5% of the Redemption Amount After four years from the purchase date 100.0% of the Redemption Amount
Schedule of Distributions Paid	The following unaudited table summarizes the federal income tax treatment for all distributions for the years ended December 31, 2016 , 2015 and for the period from February 11, 2014 (Date of Initial Capitalization) through December 31, 2014 reported for federal tax purposes and serves as a designation of capital gain distributions, if applicable, pursuant to Internal Revenue Code Section 857(b)(3)(C) and Treasury Regulation § 1.857-6(e). Years Ended December 31, 2016 2015 For the Period from February 11, 2014 (Date of Initial Capitalization) through December 31, 2014 Ordinary income $ 0.31 57.10 % $ 0.21 38.60 % $ — — % Return of capital 0.24 42.90 % 0.34 61.40 % 0.26 100.00 % Total distributions paid $ 0.55 100 % $ 0.55 100 % $ 0.26 100 %

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	12 Months Ended
	Dec. 31, 2016
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	The following summarizes the activity for noncontrolling interests for the years ended December 31, 2016 , 2015 and for the period from February 11, 2014 (Date of Initial Capitalization) through December 31, 2014: Year Ended 2016 2015 For the Period from February 11, 2014 (Date of Initial Capitalization) through December 31, 2014 Beginning balance $ 97,189 $ 139,041 $ 200,000 Distributions to noncontrolling interests (11,000 ) (11,000 ) (2,983 ) Net loss (2,715 ) (30,852 ) (57,976 ) Other comprehensive income 218 — — Ending balance $ 83,692 $ 97,189 $ 139,041

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 : As of December 31, 2015 Year Ended December 31, 2016 Payable Incurred Paid Payable Advisor and Property Manager fees Acquisition fees and expenses $ 8,675 $ 13,929,823 $ 13,938,498 $ — Operating expenses 108,538 1,622,165 1,712,913 17,790 Asset management fees 400,120 6,412,577 6,005,165 807,532 Property management fees 94,528 1,052,461 1,004,051 142,938 Other costs advanced by the Advisor 23,029 304,416 315,369 12,076 Selling commissions Class T shares 40,421 11,396,735 11,383,439 53,717 Dealer Manager fees Class T and I shares 14,876 3,949,476 3,946,246 18,106 Stockholder servicing fee (1) 24,968 17,449,299 1,454,146 16,020,121 Advisor Advances: (2) Organization and offering expenses 843,913 2,633,923 1,000,445 2,477,391 Dealer Manager fees (3) 764,628 8,068,585 5,901,671 2,931,542 Total $ 2,323,696 $ 66,819,460 $ 46,661,943 $ 22,481,213 (1) The Dealer Manager is entitled to receive a stockholder servicing fee with respect to Class T shares that will be payable quarterly and will accrue daily in an amount equal to 1/365th of 1.0% of the purchase price per share (or, once reported, the amount of the estimated NAV) of Class T shares sold in the Primary Offering up to a maximum of 4% in the aggregate. (2) Pursuant to the Advisory Agreement, commencing November 2, 2015, the Company remains obligated to reimburse the Advisor for organizational and offering costs incurred after such date, but only to the extent that such costs exceed 1.0% of the gross offering proceeds of the Company’s Offering (subject to the limits discussed in Note 8, Equity ). In addition, the Advisor is entitled to receive an acquisition fee in an amount up to 3.85% of the contract purchase price (as such term is defined in the Advisory Agreement) for each property the Company acquires. The acquisition fee consists of a 2.0% base acquisition fee and up to an additional 1.85% Contingent Advisor Payment; provided, however, the Contingent Advisor Payment Holdback will be retained by the Company until the later of (a) the termination of the Offering, including any follow-on offerings, or (b) July 31, 2017, at which time such amount shall be paid to the Advisor. In connection with a follow-on offering, the Contingent Advisor Payment Holdback may increase, based upon the maximum offering amount in such follow-on offering and the amount sold in prior offerings. (3) The Dealer Manager Agreement (as defined below and commencing on April 25, 2016 to incorporate Class I shares) provides that the Dealer Manager is entitled to receive a selling commission up to 3.0% of gross proceeds from Class T shares sold in the Primary Offering and a dealer manager fee equal to 3.0% of gross proceeds from Class T shares or Class I shares sold in the Primary Offering. Pursuant to the Dealer Manager Agreement, of the 3.0% dealer manager fee for Class T and Class I shares, 1.0% will be funded by the Company and 2.0% will be funded by the Advisor.

Selected Quarterly Financial 33

Selected Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2016 and 2015 : 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenue $ 12,502,425 $ 13,330,196 $ 16,333,422 $ 20,646,411 Net (loss)/income $ (1,140,542 ) $ (2,825,782 ) $ (2,736,725 ) $ 596,699 Net (loss)/income attributable to common stockholders $ (1,139,852 ) $ (2,824,537 ) $ (2,735,766 ) $ 596,520 Net (loss)/income per share (1) $ (0.03 ) $ (0.06 ) $ (0.05 ) $ 0.01 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenue $ 30,179 $ 3,570,455 $ 9,682,928 $ 11,865,461 Net (loss) $ (1,026,391 ) $ (9,797,905 ) $ (2,638,219 ) $ (3,043,138 ) Net (loss) attributable to common stockholders $ (1,019,804 ) $ (9,801,118 ) $ (3,259,242 ) $ (3,167,440 ) Net (loss) per share (1) $ (0.30 ) $ (0.87 ) $ (0.18 ) $ (0.13 ) (1) Amounts were retroactively adjusted to reflect stock dividends. (See note 2, Basis of Presentation and Summary of Significant Accounting Policies, for additional detail).

Organization - Narrative (Detai

Organization - Narrative (Details) - USD ($)	Dec. 31, 2016	Apr. 25, 2016	Dec. 31, 2015	Jul. 31, 2014	Feb. 11, 2014	Nov. 20, 2013
Subsidiary, Sale of Stock [Line Items]
Common stock, number of shares authorized (in shares)	700,000,000		700,000,000	700,000,000		30,000
Common stock, number of shares outstanding (in shares)	70,939,647		28,556,170		100
Common stock value purchased by Advisor					$ 1,000
Common stock, par value (in USD per share)	$ 0.001		$ 0.001	$ 0.001
Preferred stock, number of shares authorized (in shares)	200,000,000		200,000,000	200,000,000
Preferred stock, par value (in USD per share)	$ 0.001		$ 0.001	$ 0.001
Offering amount in sales of shares				$ 2,200,000,000
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%
IPO
Subsidiary, Sale of Stock [Line Items]
Offering amount in sales of shares				2,000,000,000
Distribution Reinvestment Plan
Subsidiary, Sale of Stock [Line Items]
Common stock of the Company pursuant to the distribution reinvestment plan (in shares)				$ 200,000,000
Class A
Subsidiary, Sale of Stock [Line Items]
Common stock, number of shares authorized (in shares)		100,000,000		350,000,000
Class T
Subsidiary, Sale of Stock [Line Items]
Common stock, number of shares authorized (in shares)		50,000,000		350,000,000
Class T | IPO
Subsidiary, Sale of Stock [Line Items]
Offering amount in sales of shares		$ 1,560,000,000
Class I
Subsidiary, Sale of Stock [Line Items]
Common stock, number of shares authorized (in shares)		150,000,000
Class I | IPO
Subsidiary, Sale of Stock [Line Items]
Offering amount in sales of shares		$ 200,000,000

Basis of Presentation and Sum35

Basis of Presentation and Summary of Significant Accounting Policies - Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2016
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

Basis of Presentation and Sum36

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details)	11 Months Ended	12 Months Ended
	Dec. 31, 2014USD ($)shares	Dec. 31, 2016USD ($)segmentshares	Dec. 31, 2015USD ($)
Accounting Policies [Abstract]
Cash equivalents		$ 0	$ 0
Amount insured by FDIC		$ 250,000
Percentage of ownership interests acquired in acquisitions in which noncontrolling interest is recognized - less than		100.00%
Depreciation of building	$ 0	$ 11,630,453	4,915,541
Amortization of intangibles	$ 0	16,263,683	$ 7,145,094
Asset impairment charge		$ 0
Number of reportable segments | segment		1
Liability for rent that was over-collected		$ 500,000
Weighted average diluted shares (in shares) | shares	0	0

Real Estate - Narrative (Detail

Real Estate - Narrative (Details) ft² in Millions	Nov. 02, 2015USD ($)	Dec. 31, 2015	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)ft²Property	Dec. 31, 2015USD ($)
Real Estate [Line Items]
Number of properties (property) | Property						25
Aggregate purchase price of acquired properties						$ 1,078,800,000
Area of real estate property (sq ft) | ft²						7.1
Depreciation of building					$ 0	$ 11,630,453	$ 4,915,541
Amortization						16,300,000
Base rent						$ 12,500,000
Advisory fee, base rate		2.00%		2.00%		2.00%
Percentage of acquisition value (percent)						1.00%
Advisor acquisition fee for property	3.85%			3.85%
Advisory fee, contingent percentage	1.85%			1.85%
Amount retained subject to conditions	$ 5,000,000					$ 5,000,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						11 years 4 months 24 days
Minimum
Real Estate [Line Items]
Discount rate (percent)			6.25%
Maximum
Real Estate [Line Items]
Discount rate (percent)			8.50%
Intangibles [Member]
Real Estate [Line Items]
Amortization Term						5 years

Real Estate - Real Estate Portf

Real Estate - Real Estate Portfolio (Details)	12 Months Ended
	Dec. 31, 2016USD ($)ft²
Real Estate Properties [Line Items]
Purchase Price	$ 1,078,800,000
Approx. Square Feet | ft²	7,100,000
Toshiba Tec Property
Real Estate Properties [Line Items]
Purchase Price	$ 35,800,748
Approx. Square Feet | ft²	200,800
Acquisition Fees and Reimbursable Expenses Paid to the Advisor	$ 851,835
Contingent Advisor Payment	0
Netgear
Real Estate Properties [Line Items]
Purchase Price	$ 44,000,000
Approx. Square Feet | ft²	142,700
Acquisition Fees and Reimbursable Expenses Paid to the Advisor	$ 987,286
Contingent Advisor Payment	197,780
Nike
Real Estate Properties [Line Items]
Purchase Price	$ 45,500,000
Approx. Square Feet | ft²	266,800
Acquisition Fees and Reimbursable Expenses Paid to the Advisor	$ 1,011,061
Contingent Advisor Payment	841,750
Zebra Technologies
Real Estate Properties [Line Items]
Purchase Price	$ 60,150,000
Approx. Square Feet | ft²	283,300
Acquisition Fees and Reimbursable Expenses Paid to the Advisor	$ 1,346,068
Contingent Advisor Payment	1,112,775
WABCO Property
Real Estate Properties [Line Items]
Purchase Price	$ 13,834,500
Approx. Square Feet | ft²	145,200
Acquisition Fees and Reimbursable Expenses Paid to the Advisor	$ 458,010
Contingent Advisor Payment	255,938
IGT
Real Estate Properties [Line Items]
Purchase Price	$ 66,500,000
Approx. Square Feet | ft²	222,300
Acquisition Fees and Reimbursable Expenses Paid to the Advisor	$ 1,521,553
Contingent Advisor Payment	1,230,250
3M Property
Real Estate Properties [Line Items]
Purchase Price	$ 69,356,000
Approx. Square Feet | ft²	978,100
Acquisition Fees and Reimbursable Expenses Paid to the Advisor	$ 1,580,988
Contingent Advisor Payment	933,511
Amazon Property
Real Estate Properties [Line Items]
Purchase Price	$ 88,896,060
Approx. Square Feet | ft²	855,000
Acquisition Fees and Reimbursable Expenses Paid to the Advisor	$ 2,052,820
Contingent Advisor Payment	541,299
Zoetis Headquarters Property
Real Estate Properties [Line Items]
Purchase Price	$ 44,000,000
Approx. Square Feet | ft²	125,700
Acquisition Fees and Reimbursable Expenses Paid to the Advisor	$ 1,063,673
Contingent Advisor Payment	698,565
Southern Co. Services HQ Properties
Real Estate Properties [Line Items]
Purchase Price	$ 131,590,000
Approx. Square Feet | ft²	669,400
Acquisition Fees and Reimbursable Expenses Paid to the Advisor	$ 3,056,530
Contingent Advisor Payment	$ 89,803

Real Estate - Purchase Price Al

Real Estate - Purchase Price Allocation (Details)	Dec. 31, 2016USD ($)
Summary of purchase price allocation
Land	$ 64,339,917
Building and Improvements	434,875,742
Tenant Origination and Absorption Cost	116,754,853
In-Place Lease Valuation Above Market	3,827,682
In-Place Lease Valuation (Below) Market	(23,948,087)
Other Assets	12,483,760
Other assumed liabilities	(55,267,069)
Total	553,066,798
Toshiba Tec Property
Summary of purchase price allocation
Land	4,130,000
Building and Improvements	28,640,000
Tenant Origination and Absorption Cost	8,180,748
In-Place Lease Valuation Above Market	0
In-Place Lease Valuation (Below) Market	(5,150,000)
Other Assets	0
Other assumed liabilities	(600,748)
Total	35,200,000
Netgear
Summary of purchase price allocation
Land	20,725,500
Building and Improvements	17,656,000
Tenant Origination and Absorption Cost	8,230,500
In-Place Lease Valuation Above Market	0
In-Place Lease Valuation (Below) Market	(2,612,000)
Other Assets	0
Other assumed liabilities	(1,663,500)
Total	42,336,500
Nike
Summary of purchase price allocation
Land	5,988,000
Building and Improvements	32,535,000
Tenant Origination and Absorption Cost	9,862,000
In-Place Lease Valuation Above Market	0
In-Place Lease Valuation (Below) Market	(2,885,000)
Other Assets	0
Other assumed liabilities	0
Total	45,500,000
Zebra Technologies
Summary of purchase price allocation
Land	5,238,441
Building and Improvements	35,939,000
Tenant Origination and Absorption Cost	20,586,559
In-Place Lease Valuation Above Market	326,000
In-Place Lease Valuation (Below) Market	(1,940,000)
Other Assets	0
Other assumed liabilities	(5,170,557)
Total	54,979,443
WABCO Property
Summary of purchase price allocation
Land	1,301,500
Building and Improvements	10,823,000
Tenant Origination and Absorption Cost	1,775,000
In-Place Lease Valuation Above Market	0
In-Place Lease Valuation (Below) Market	(65,000)
Other Assets	0
Other assumed liabilities	0
Total	13,834,500
IGT
Summary of purchase price allocation
Land	6,324,766
Building and Improvements	52,818,000
Tenant Origination and Absorption Cost	11,623,234
In-Place Lease Valuation Above Market	0
In-Place Lease Valuation (Below) Market	(4,266,000)
Other Assets	0
Other assumed liabilities	(4,049,234)
Total	62,450,766
3M Property
Summary of purchase price allocation
Land	5,320,224
Building and Improvements	55,144,873
Tenant Origination and Absorption Cost	7,102,162
In-Place Lease Valuation Above Market	3,419,559
In-Place Lease Valuation (Below) Market	0
Other Assets	0
Other assumed liabilities	0
Total	70,986,818
Amazon Property
Summary of purchase price allocation
Land	5,331,439
Building and Improvements	75,263,912
Tenant Origination and Absorption Cost	10,505,829
In-Place Lease Valuation Above Market	75,899
In-Place Lease Valuation (Below) Market	0
Other Assets	0
Other assumed liabilities	0
Total	91,177,079
Zoetis Headquarters Property
Summary of purchase price allocation
Land	3,374,660
Building and Improvements	31,568,059
Tenant Origination and Absorption Cost	10,696,623
In-Place Lease Valuation Above Market	6,224
In-Place Lease Valuation (Below) Market	0
Other Assets	0
Other assumed liabilities	0
Total	45,645,566
Southern Co. Services HQ Properties
Summary of purchase price allocation
Land	6,605,387
Building and Improvements	94,487,898
Tenant Origination and Absorption Cost	28,192,198
In-Place Lease Valuation Above Market	0
In-Place Lease Valuation (Below) Market	(7,030,087)
Other Assets	12,483,760
Other assumed liabilities	(43,783,030)
Total	$ 90,956,126

Real Estate - Pro Forma Operati

Real Estate - Pro Forma Operating Information (Details) - USD ($)	11 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Real Estate [Abstract]
Amortization of above and below market leases	$ 0	$ (3,591,640)	$ (1,858,029)
Schedule of pro forma financial information
Revenue		100,986,064	77,653,287
Net income		11,634,011	9,752,213
Net income attributable to noncontrolling interests		5,147	18,453
Net income attributable to common stockholders		$ 11,628,865	$ 8,960,957
Net income to common stockholders per Class A share, basic and diluted (in dollars per share)		$ 0.23	$ 0.63

Real Estate - Future Minimum Co

Real Estate - Future Minimum Contractual Rent Payments (Details)	Dec. 31, 2016USD ($)
Schedule of future minimum net rent payments
2,017	$ 62,133,294
2,018	68,567,983
2,019	75,822,030
2,020	77,375,910
2,021	69,507,122
Thereafter	583,028,439
Total	$ 936,434,778

Real Estate - In-Place Lease Va

Real Estate - In-Place Lease Valuation and Tenant Origination and Absorption Costs (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
In-Place Lease Valuation Above Market	$ 3,827,682	$ 0
In Place Lease Valuation Above Market Accumulated Amortization	299,828	0
Above market leases, net	3,527,854	0
In Place Lease Valuation Below Market	(61,068,648)	(37,120,561)
In Place Lease Valuation Below Market Accumulated Amortization	5,749,497	1,858,029
In Place Lease Valuation Below Market Net.	(55,319,151)	(35,262,532)
Finite-Lived Intangible Assets, Net [Abstract]
Deferred Costs, Leasing, Gross, Including Related to Real Estate Held for Sale	227,407,041	110,652,188
Deferred Costs, Leasing, Accumulated Amortization	(23,408,777)	(7,145,094)
Deferred Costs, Leasing, Net	$ 203,998,264	$ 103,507,094

- Amortization of Intangible As

- Amortization of Intangible Assets and Other Leasing Costs (Details) - USD ($)	11 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Schedule of amortization expense
Amortization of above and below market leases	$ 0	$ (3,591,640)	$ (1,858,029)
Tenant origination and absorption cost		$ 16,263,683	$ 7,145,094

Real Estate - Estimated Annual

Real Estate - Estimated Annual Amortization (Income) Expense for In-Place Lease (Details)	Dec. 31, 2016USD ($)
Below Market Lease, Amortization Income, Maturity Schedule [Abstract]
2,016	$ (4,491,000)
2,017	(4,617,000)
2,018	(4,617,000)
2,019	(4,617,000)
2,020	(3,722,000)
Tenant Origination and Absorption Cost
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,016	22,721,000
2,017	22,806,000
2,018	22,806,000
2,019	22,806,000
2,020	$ 22,806,000

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($)	Oct. 22, 2015	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 460,427,720	$ 265,527,720
Long-term debt		$ 456,471,447	261,953,974
Weighted average interest rate		2.84%
Debt Issuance Costs, Net		$ (3,956,273)
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Base rate		0.62%
Line of Credit | Key Bank Credit Facility
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 333,457,720	138,557,720
Interest rate		2.27%
Weighted average interest rate		2.30%
Term of loan		4 years
Revolving credit facility, extension term		1 year
Debt Instrument, Interest Rate, Effective Percentage		2.58%
Line of Credit | Key Bank Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Term to determine contractual rate		360 days
Term to determine weighted average interest rate		365 days
Basis spread on variable rate (percent)		1.65%
Notes Payable, Other Payables | AIG Loan
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 126,970,000	126,970,000
Long-term debt	$ 127,000,000
Interest rate	4.15%	4.15%
Term of loan	10 years
Debt Instrument, Interest Rate, Effective Percentage		4.22%
Debt Issuance Costs, Net			$ (3,573,746)

Debt - Narrative (Details)

Debt - Narrative (Details)	Oct. 22, 2015USD ($)entity	Dec. 12, 2014USD ($)	Dec. 31, 2016USD ($)	Nov. 22, 2016USD ($)	Feb. 25, 2016USD ($)	Dec. 31, 2015USD ($)	Aug. 11, 2015USD ($)
Debt Instrument [Line Items]
Number of wholly owned SPE | entity	6
Long-term debt			$ 456,471,447			$ 261,953,974
Weighted average interest rate			2.84%
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Base rate			0.62%
AIG Loan | Notes Payable, Other Payables
Debt Instrument [Line Items]
Term of loan	10 years
Long-term debt	$ 127,000,000
Interest rate	4.15%		4.15%
Key Bank Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility current borrowing capacity		$ 250,000,000		$ 550,000,000			$ 410,000,000
Revolving credit facility, maximum borrowing capacity		$ 1,250,000,000
Collateral (percent)		100.00%
Key Bank Credit Facility | Revolving Credit Facility | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)		0.50%
Key Bank Credit Facility | Line of Credit
Debt Instrument [Line Items]
Term of loan			4 years
Revolving credit facility, extension term			1 year
Interest rate			2.27%
Weighted average interest rate			2.30%
Key Bank Credit Facility | Line of Credit | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (percent)			1.65%
Term to determine contractual rate			360 days
Term to determine weighted average interest rate			365 days
Interest Rate Swap
Debt Instrument [Line Items]
Notional amount			$ 100,000,000		$ 100,000,000
U.S. Bank [Member] | Key Bank Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility current borrowing capacity				$ 50,000,000

Debt - Schedule of Debt Maturit

Debt - Schedule of Debt Maturities (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Oct. 22, 2015
Debt Instrument [Line Items]
2,017	$ 0
2,018	0
2,019	333,457,720
2,020	178,101
2,021	2,185,867
Thereafter	124,606,032
Total	460,427,720	$ 265,527,720
Unamortized deferred loan costs	(3,956,273)
Total principal	456,471,447	261,953,974
Notes Payable, Other Payables | AIG Loan
Debt Instrument [Line Items]
Total	$ 126,970,000	126,970,000
Unamortized deferred loan costs		$ (3,573,746)
Total principal			$ 127,000,000

Interest Rate Contracts - Summa

Interest Rate Contracts - Summary of Interest Rate Swap (Details) - Interest Rate Swap - USD ($)	Dec. 31, 2016	Feb. 25, 2016	Dec. 31, 2015
Derivative [Line Items]
Notional amount	$ 100,000,000	$ 100,000,000
Interest rate (percent)	0.7375%
Current effective notional amount	$ 100,000,000		$ 0
Recurring
Derivative [Line Items]
Derivative asset	996,099
Recurring | Level 2
Derivative [Line Items]
Derivative asset	$ 996,099		$ 0

Interest Rate Contracts - Effec

Interest Rate Contracts - Effect of Interest Rate Swaps (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ (200,000)
Fair value of collateral			$ 0
Interest Rate Swap | Recurring
Derivative [Line Items]
Derivative asset	996,099
Interest Rate Swap | Level 2 | Recurring
Derivative [Line Items]
Derivative asset	996,099	$ 0
Cash Flow Hedging | Interest Rate Swap
Derivative [Line Items]
Amount of (loss) gain recognized in AOCL on derivatives (effective portion)	662,695	0
Amount of (loss) gain reclassified from AOCL into earnings under “Interest expense” (effective portion)	178,757	0
Amount of (loss) gain recognized in earnings under “Interest expense” (ineffective portion and amount excluded from effectiveness testing)	$ 154,647	$ 0

Fair Value Measurements - Asset

Fair Value Measurements - Assets (Liabilities) Measured at Fair Value on Recurring Basis (Details) - Recurring - Interest Rate Swap - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 996,099
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	996,099	$ 0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Mortgage Loan (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount of AIG loan	$ 460,427,720	$ 265,527,720
Notes Payable, Other Payables | AIG Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount of AIG loan	126,970,000	126,970,000
Fair Value | Notes Payable, Other Payables | AIG Loan | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of AIG loan	$ 120,321,701	$ 126,970,000

Accrued Expenses and Other Li52

Accrued Expenses and Other Liabilities (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Prepaid rent	$ 9,483,963	$ 2,382,913
Leasing commission payable	3,783,030	0
Other liabilities	8,260,133	4,628,330
Total	$ 21,527,126	$ 7,011,243

Equity - Narrative (Details)

Equity - Narrative (Details)

Mar. 07, 2017$ / shares

Dec. 16, 2015$ / shares

Dec. 31, 2015USD ($)shares

Dec. 31, 2014USD ($)

Dec. 31, 2016USD ($)voteshares

Dec. 31, 2015USD ($)shares

Feb. 16, 2017$ / shares

Nov. 28, 2016$ / shares

Apr. 25, 2016USD ($)$ / shares

Nov. 02, 2015USD ($)

Oct. 30, 2015USD ($)

Jul. 31, 2014USD ($)

Class of Stock [Line Items]

Percent of costs that are not reimbursed by the offering

1.00%

1.00%

Redemption of preferred units

$ 0

$ 0

$ 73,260,000

Preferred units redemption premium

$ 0

$ 0

$ 375,000

Preferred stock, number of shares outstanding (in shares) | shares

0

0

0

Offering amount in sales of shares

$ 2,200,000,000

Dividends declared (usd per share) | $ / shares

$ 0.00150684932

Common stock subject to redemption

$ 4,566,044

$ 16,929,838

$ 4,566,044

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%

Percent of gross proceeds reimbursed from organizational and offering costs limit (percent)

3.50%

3.50%

Percent of organizational and offering costs limit (percent)

15.00%

15.00%

Days required for reimbursement of excess amounts

60 days

Organizational costs as a percentage of gross offering proceeds, excluding sales commissions and dealer fees

0.80%

1.40%

Organizational costs as a percentage of gross offering proceeds

10.60%

10.50%

Common Stock

Class of Stock [Line Items]

Adjustment to par value - common stock

$ 152,530

Additional Paid-In Capital

Class of Stock [Line Items]

Adjustment to par value - common stock

$ (200,000)

$ (152,530)

IPO

Class of Stock [Line Items]

Offering amount in sales of shares

$ 2,000,000,000

Distribution Reinvestment Plan

Class of Stock [Line Items]

Price per partnership unit (in USD per share) | $ / shares

$ 9.40

Summary of Redemption Price Per Share [Abstract]

Value of shares tendered for redemption

$ 1,200,000

Class A

Class of Stock [Line Items]

Total shares issued prior to redemptions | shares

25,656,329

Class A | IPO

Class of Stock [Line Items]

Gross proceeds received to date of shares issued

$ 240,779,591

Total shares issued prior to redemptions | shares

24,199,760

Class A | Distribution Reinvestment Plan

Class of Stock [Line Items]

Gross proceeds received to date of shares issued

$ 12,192,042

Total shares issued prior to redemptions | shares

1,284,804

Class A | Share Distribution

Class of Stock [Line Items]

Total shares issued prior to redemptions | shares

171,765

Class T

Class of Stock [Line Items]

Number of votes (in votes) | vote

1

Total shares issued prior to redemptions | shares

44,669,726

Class T | IPO

Class of Stock [Line Items]

Offering amount in sales of shares

$ 1,560,000,000

Gross proceeds received to date of shares issued

$ 436,785,597

Total shares issued prior to redemptions | shares

43,754,033

Class T | Distribution Reinvestment Plan

Class of Stock [Line Items]

Gross proceeds received to date of shares issued

$ 7,484,285

Total shares issued prior to redemptions | shares

790,101

Class T | Share Distribution

Class of Stock [Line Items]

Total shares issued prior to redemptions | shares

125,592

Class T | Maximum | IPO

Class of Stock [Line Items]

Offering amount in sales of shares

$ 1,800,000,000

Class I

Class of Stock [Line Items]

Total shares issued prior to redemptions | shares

781,034

Class I | IPO

Class of Stock [Line Items]

Price per partnership unit (in USD per share) | $ / shares

$ 9.30

Offering amount in sales of shares

$ 200,000,000

Gross proceeds received to date of shares issued

$ 7,181,972

Total shares issued prior to redemptions | shares

772,261

Class I | Distribution Reinvestment Plan

Class of Stock [Line Items]

Gross proceeds received to date of shares issued

$ 70,161

Total shares issued prior to redemptions | shares

7,421

Class I | Share Distribution

Class of Stock [Line Items]

Total shares issued prior to redemptions | shares

1,352

Share Redemption Program

Class of Stock [Line Items]

Minimum Redemption Percentage

25.00%

Maximum redemption percentage of weighted average shares outstanding

5.00%

Subsequent Event

Class of Stock [Line Items]

Dividends declared (usd per share) | $ / shares

$ 0.00150684932

Subsequent Event | Distribution Reinvestment Plan

Class of Stock [Line Items]

Price per partnership unit (in USD per share) | $ / shares

$ 9.37

Equity - Schedule of Shares Iss

Equity - Schedule of Shares Issued and Gross Proceeds (Details) - USD ($)	Dec. 31, 2016	Oct. 30, 2015
Class A
Class of Stock [Line Items]
Total shares issued prior to redemptions	25,656,329
Class T
Class of Stock [Line Items]
Total shares issued prior to redemptions	44,669,726
Class I
Class of Stock [Line Items]
Total shares issued prior to redemptions	781,034
IPO | Class A
Class of Stock [Line Items]
Gross proceeds		$ 240,779,591
Total shares issued prior to redemptions	24,199,760
IPO | Class T
Class of Stock [Line Items]
Gross proceeds	$ 436,785,597
Total shares issued prior to redemptions	43,754,033
IPO | Class I
Class of Stock [Line Items]
Gross proceeds	$ 7,181,972
Total shares issued prior to redemptions	772,261
Distribution Reinvestment Plan | Class A
Class of Stock [Line Items]
Gross proceeds	$ 12,192,042
Total shares issued prior to redemptions	1,284,804
Distribution Reinvestment Plan | Class T
Class of Stock [Line Items]
Gross proceeds	$ 7,484,285
Total shares issued prior to redemptions	790,101
Distribution Reinvestment Plan | Class I
Class of Stock [Line Items]
Gross proceeds	$ 70,161
Total shares issued prior to redemptions	7,421
Share Distribution | Class A
Class of Stock [Line Items]
Total shares issued prior to redemptions	171,765
Share Distribution | Class T
Class of Stock [Line Items]
Total shares issued prior to redemptions	125,592
Share Distribution | Class I
Class of Stock [Line Items]
Total shares issued prior to redemptions	1,352

Equity - Organization and Offer

Equity - Organization and Offering Costs (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Cumulative offering costs	$ 72,009,476	$ 28,668,982
Cumulative organizational costs	716,724	517,841
Organizational and offering costs advanced by the Advisor, excluding Contingent Advisor Payment Holdback	4,073,651	3,534,806
Payment of Offering and Organizational Cost	(4,073,651)	(3,073,206)
Organizational and Offering Costs Incurred, Net of Advisor Advances	0	461,600
Due to affiliates	22,481,213	2,323,696
Net Organizational and Offering Costs, Including Dealer Management Fees Advanced	5,408,933	1,608,542
Organization and offering expenses
Class of Stock [Line Items]
Due to affiliates	2,477,391	382,314
Dealer Manager fees
Class of Stock [Line Items]
Due to affiliates	$ 2,931,542	$ 764,628

Equity - Income Tax Treatment o

Equity - Income Tax Treatment of Distributions (Details) - $ / shares	11 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Ordinary income	$ 0	$ 0.31	$ 0.21
Ordinary income (percent)	0.00%	57.10%	38.60%
Return of capital	$ 0.26	$ 0.24	$ 0.34
Return of capital (percent)	100.00%	42.90%	61.40%
Total distributions paid	$ 0.26	$ 0.55	$ 0.55
Total distributions paid (percent)	100.00%	100.00%	100.00%

Noncontrolling Interests - Narr

Noncontrolling Interests - Narrative (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Feb. 11, 2014
Noncontrolling Interest [Line Items]
Percentage of ownership interests acquired in acquisitions in which noncontrolling interest is recognized - less than	100.00%
Operating Partnership
Noncontrolling Interest [Line Items]
Percentage of ownership interests acquired in acquisitions in which noncontrolling interest is recognized - less than	0.03%
Percentage of noncontrolling interests based on weighted average shares	0.04%
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 - Sche

Noncontrolling Interests - Schedule of Noncontrolling Interests (Details) - USD ($)	3 Months Ended								11 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance				$ 97,189				$ 139,041	$ 200,000	$ 97,189	$ 139,041
Distributions for noncontrolling interest									(2,983)	(11,000)	(11,000)
Net loss	$ 596,699	$ (2,736,725)	$ (2,825,782)	$ (1,140,542)	$ (3,043,138)	$ (2,638,219)	$ (9,797,905)	$ (1,026,391)	(494,592)	(6,106,350)	(16,505,653)
Other comprehensive income										841,452
Ending balance	$ 83,692				$ 97,189				139,041	83,692	97,189
Non- controlling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Distributions for noncontrolling interest									(2,983)	(11,000)	(11,000)
Net loss									(57,976)		(30,852)
Other comprehensive income									$ 0	$ 218	$ 0

Related Party Transactions - Sc

Related Party Transactions - Schedule of Transactions (Details) - USD ($)	Nov. 02, 2015	Dec. 31, 2015	Jun. 30, 2016	Dec. 31, 2016
Due to Related Parties [Roll Forward]
Beginning of Period				$ 2,323,696
Incurred				66,819,460
Paid				46,661,943
End of Period		$ 2,323,696		$ 22,481,213
Percent of costs that are not reimbursed by the offering		1.00%		1.00%
Advisor acquisition fee for property	3.85%		3.85%
Advisory fee, base rate		2.00%	2.00%	2.00%
Advisory fee, contingent percentage	1.85%		1.85%
Amount retained subject to conditions	$ 5,000,000			$ 5,000,000
Class T
Due to Related Parties [Roll Forward]
Sales commission on stock offering	3.00%
Dealer manager fee percentage on stock offering	3.00%
Percent of dealer manager fees funded by company	1.00%
Percent of dealer manager fees funded by advisor	2.00%
Acquisition fees and expenses
Due to Related Parties [Roll Forward]
Beginning of Period				8,675
Incurred				13,929,823
Paid				13,938,498
End of Period		$ 8,675		0
Operating expenses
Due to Related Parties [Roll Forward]
Beginning of Period				108,538
Incurred				1,622,165
Paid				1,712,913
End of Period		108,538		17,790
Asset management fees
Due to Related Parties [Roll Forward]
Beginning of Period				400,120
Incurred				6,412,577
Paid				6,005,165
End of Period		400,120		807,532
Property management fees
Due to Related Parties [Roll Forward]
Beginning of Period				94,528
Incurred				1,052,461
Paid				1,004,051
End of Period		94,528		142,938
Other costs advanced by the Advisor
Due to Related Parties [Roll Forward]
Beginning of Period				23,029
Incurred				304,416
Paid				315,369
End of Period		23,029		12,076
Sales commissions
Due to Related Parties [Roll Forward]
Beginning of Period				40,421
Incurred				11,396,735
Paid				11,383,439
End of Period		40,421		53,717
Dealer Manager fees
Due to Related Parties [Roll Forward]
Beginning of Period				764,628
Incurred				8,068,585
Paid				5,901,671
End of Period		764,628		2,931,542
Dealer Manager fees | Class T
Due to Related Parties [Roll Forward]
Beginning of Period				14,876
Incurred				3,949,476
Paid				3,946,246
End of Period		14,876		18,106
Stockholder servicing fee payable
Due to Related Parties [Roll Forward]
Beginning of Period				24,968
Incurred				17,449,299
Paid				1,454,146
End of Period		24,968		16,020,121
Organization and offering expenses
Due to Related Parties [Roll Forward]
Beginning of Period				382,314
End of Period		382,314		2,477,391
Organization and offering expenses | Class T
Due to Related Parties [Roll Forward]
Beginning of Period				843,913
Incurred				2,633,923
Paid				1,000,445
End of Period		843,913		2,477,391
Dealer Manager fees
Due to Related Parties [Roll Forward]
Beginning of Period				764,628
End of Period		$ 764,628		$ 2,931,542

Related Party Transactions - Na

Related Party Transactions - Narrative (Details)	Nov. 02, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)$ / sharesshares	Sep. 30, 2016USD ($)$ / shares	Jun. 30, 2016USD ($)$ / shares	Mar. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)$ / shares	Sep. 30, 2015USD ($)$ / shares	Jun. 30, 2015USD ($)$ / shares	Mar. 31, 2015USD ($)$ / shares	Jun. 30, 2016USD ($)$ / shares	Jun. 30, 2016USD ($)	Oct. 30, 2015	Dec. 31, 2014USD ($)$ / shares	Dec. 31, 2016USD ($)program$ / sharesshares	Dec. 31, 2015USD ($)$ / shares	Feb. 10, 2014USD ($)
Related Party Transaction [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		$ 224,941,287	$ 554,455,733				$ 224,941,287							$ 9,480,161	$ 554,455,733	$ 224,941,287	$ 201,000
Net loss			596,699	$ (2,736,725)	$ (2,825,782)	$ (1,140,542)	(3,043,138)	$ (2,638,219)	$ (9,797,905)	$ (1,026,391)				(494,592)	$ (6,106,350)	(16,505,653)
Percent of organizational and offering costs limit (percent)		15.00%													15.00%
Percent of gross proceeds reimbursed from organizational and offering costs limit (percent)		3.50%													3.50%
Percent of costs that are not reimbursed by the offering		1.00%													1.00%
Advisor acquisition fee for property	3.85%											3.85%
Advisory fee, base rate		2.00%										2.00%			2.00%
Advisory fee, contingent percentage	1.85%											1.85%
Amount retained subject to conditions	$ 5,000,000		$ 5,000,000												$ 5,000,000
Organizational and offering costs advanced by and due to the Advisor	4.00%				4.00%						4.00%	4.00%
Gross revenue percentage															1.00%
Property management fees percentage															3.00%
Construction management fee percentage															5.00%
Term for share based compensation plan															10 years
Percentage of common stock reserved for issuance															10.00%
Number of shares authorized (in shares) | shares			10,000,000												10,000,000
Shares reserve for issuance (in shares) | shares			7,093,964.7												7,093,964.7
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares															0
Number of real estate programs (program) | program															14
Due to affiliates		$ 2,323,696	$ 22,481,213				$ 2,323,696								$ 22,481,213	2,323,696
Corporate operating expenses to affiliates														$ 0		$ 1,936,626
Net loss per share, basic and diluted (in USD per share) | $ / shares			$ 0.01	$ (0.05)	$ (0.06)	$ (0.03)	$ (0.13)	$ (0.18)	$ (0.87)	$ (0.30)				$ (0.86)	$ (0.12)	$ (1.19)
Average Invested Assets Percentage															2.00%
Incurred															$ 66,819,460
Dealer Manager Agreement
Related Party Transaction [Line Items]
Dealer manager fee percentage													3.00%
Advisory Agreement
Related Party Transaction [Line Items]
Asset management fee percentage of average invested assets															1.00%
Class A | Dealer Manager Agreement
Related Party Transaction [Line Items]
Sales commissions percentage													7.00%
Class T
Related Party Transaction [Line Items]
Sales commission on stock offering	3.00%
Dealer manager fee percentage on stock offering	3.00%
Percent of dealer manager fees funded by company	1.00%
Percent of dealer manager fees funded by advisor	2.00%
Organizational and offering costs advanced by and due to the Advisor	1.00%
Related Party Fee Percentage on Stockholder Servicing Fee Re-Allowed to Broker Dealer											100.00%
Underwriting compensation, percent of gross proceeds	10.00%
Class T | Dealer Manager Agreement
Related Party Transaction [Line Items]
Daily accrual rate for Class T shares sold															0.00274%
Cumulative Impact of Error Correction [Member]
Related Party Transaction [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest					$ (5,600,000)						$ (5,600,000)	$ (5,600,000)
Net loss											200,000
Due to affiliates					$ 5,300,000						5,300,000	$ 5,300,000
Corporate operating expenses to affiliates											$ (200,000)
Net loss per share, basic and diluted (in USD per share) | $ / shares											$ 0
Griffin Capital Essential Asset Advisor, LLC [Member] | Reimbursement, Services Provided That Are not Entitled to Advisor Fees [Member]
Related Party Transaction [Line Items]
Incurred															$ 400,000
Griffin Capital Essential Asset Advisor, LLC [Member] | Reimbursement, Reimbursible Expenses [Member]
Related Party Transaction [Line Items]
Incurred															$ 200,000

Declaration of Distributions (D

Declaration of Distributions (Details) - $ / shares	Dec. 16, 2015	Dec. 31, 2016
Declaration of Distributions [Abstract]
Dividends paid (in USD per share)		$ 0.0015027322
Dividends declared (usd per share)	$ 0.00150684932
Stock dividend (in shares)		0.000013661
Stock dividend declared (in shares)	0.000013699

Selected Quarterly Financial 62

Selected Quarterly Financial Data (unaudited) (Details) - USD ($)	3 Months Ended								11 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 20,646,411	$ 16,333,422	$ 13,330,196	$ 12,502,425	$ 11,865,461	$ 9,682,928	$ 3,570,455	$ 30,179	$ 0	$ 62,812,454	$ 25,149,023
Net loss	596,699	(2,736,725)	(2,825,782)	(1,140,542)	(3,043,138)	(2,638,219)	(9,797,905)	(1,026,391)	(494,592)	(6,106,350)	(16,505,653)
Net (loss) attributable to common stockholders	$ 596,520	$ (2,735,766)	$ (2,824,537)	$ (1,139,852)	$ (3,167,440)	$ (3,259,242)	$ (9,801,118)	$ (1,019,804)	$ (436,616)	$ (6,103,635)	$ (17,247,604)
Net loss per share, basic and diluted (in USD per share)	$ 0.01	$ (0.05)	$ (0.06)	$ (0.03)	$ (0.13)	$ (0.18)	$ (0.87)	$ (0.30)	$ (0.86)	$ (0.12)	$ (1.19)

Subsequent Events (Details)

Subsequent Events (Details)	Mar. 07, 2017$ / sharesshares	Jan. 31, 2017USD ($)ft²	Dec. 16, 2015$ / sharesshares	Mar. 13, 2017USD ($)shares	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Mar. 09, 2017USD ($)shares
Subsequent Event [Line Items]
Issuance of shares for distribution reinvestment plan					$ 50,666	$ 15,158,260	$ 4,515,378
Dividends declared (usd per share) | $ / shares			$ 0.00150684932
Stock dividend declared (in shares) | shares			0.000013699
Proceeds from borrowings - Credit Facility					$ 0	$ 249,900,000	$ 286,050,000
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (usd per share) | $ / shares	$ 0.00150684932
Stock dividend declared (in shares) | shares	0.000013699
Class A | Subsequent Event
Subsequent Event [Line Items]
Received and accepted subscription in Offering (in shares) | shares								24,199,760
Value of received and accepted subscriptions								$ 240,800,000
Issuance of shares for distribution reinvestment plan				$ 13,400,000
Issuance of shares for distribution reinvestment plan (shares) | shares				1,415,264
Class T | Subsequent Event
Subsequent Event [Line Items]
Received and accepted subscription in Offering (in shares) | shares								47,563,146
Value of received and accepted subscriptions								$ 474,900,000
Issuance of shares for distribution reinvestment plan				$ 9,700,000
Issuance of shares for distribution reinvestment plan (shares) | shares				1,030,750
Class I | Subsequent Event
Subsequent Event [Line Items]
Received and accepted subscription in Offering (in shares) | shares								901,225
Value of received and accepted subscriptions								$ 8,400,000
Issuance of shares for distribution reinvestment plan				$ 100,000
Issuance of shares for distribution reinvestment plan (shares) | shares				11,344
The Allstate Property [Member] | Subsequent Event
Subsequent Event [Line Items]
Net rentable area | ft²		70,273
Purchase price		$ 14,750,000
Credits to be applied at closing		$ 350,000

Schedule III - Real Estate an64

Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Encumbrances	$ 126,970,000
Land	117,569,491
Building and Improvements	1,015,365,871
Cost capitalized subsequent to acquisition	119,993
SEC Schedule III, Real Estate, Gross [Abstract]
Land	117,569,491
Building and Improvements	1,015,485,864
Total	1,133,055,355	$ 516,964,849	$ 0
Accumulated Depreciation	39,954,771	$ 12,060,635	$ 0
Owens Corning
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Encumbrances	3,300,000
Land	575,000
Building and Improvements	5,166,626
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	575,000
Building and Improvements	5,166,626
Total	5,741,626
Accumulated Depreciation	313,103
Westgate II
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Encumbrances	34,200,000
Land	3,732,053
Building and Improvements	55,101,476
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	3,732,053
Building and Improvements	55,101,476
Total	58,833,529
Accumulated Depreciation	4,134,011
Administrative Office of Pennsylvania Courts
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Encumbrances	6,070,000
Land	1,207,000
Building and Improvements	8,936,000
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	1,207,000
Building and Improvements	8,936,000
Total	10,143,000
Accumulated Depreciation	625,641
American Express Center
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Encumbrances	54,900,000
Land	5,750,000
Building and Improvements	113,670,000
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	5,750,000
Building and Improvements	113,670,000
Total	119,420,000
Accumulated Depreciation	11,016,228
MGM Corporate Center
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Encumbrances	18,180,000
Land	4,260,342
Building and Improvements	28,704,658
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	4,260,342
Building and Improvements	28,704,658
Total	32,965,000
Accumulated Depreciation	2,084,317
American Showa
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Encumbrances	10,320,000
Land	1,452,649
Building and Improvements	15,747,351
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	1,452,649
Building and Improvements	15,747,351
Total	17,200,000
Accumulated Depreciation	907,536
Huntington Ingalls
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	5,415,000
Building and Improvements	29,836,000
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	5,415,000
Building and Improvements	29,836,000
Total	35,251,000
Accumulated Depreciation	1,675,105
Wyndham
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	5,695,816
Building and Improvements	76,531,589
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	5,695,816
Building and Improvements	76,531,589
Total	82,227,405
Accumulated Depreciation	3,981,852
Exel
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	1,988,200
Building and Improvements	13,958,000
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	1,988,200
Building and Improvements	13,958,000
Total	15,946,200
Accumulated Depreciation	878,556
Morpho Detection
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	2,350,000
Building and Improvements	9,482,000
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	2,350,000
Building and Improvements	9,482,000
Total	11,832,000
Accumulated Depreciation	680,636
FedEx Freight
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	2,774,000
Building and Improvements	25,913,000
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	2,774,000
Building and Improvements	25,913,000
Total	28,687,000
Accumulated Depreciation	1,379,537
Aetna
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	1,852,514
Building and Improvements	20,480,575
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	1,852,514
Building and Improvements	20,480,575
Total	22,333,089
Accumulated Depreciation	731,750
Bank of America I
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	5,491,000
Building and Improvements	23,514,000
Cost capitalized subsequent to acquisition	70,926
SEC Schedule III, Real Estate, Gross [Abstract]
Land	5,491,000
Building and Improvements	23,584,926
Total	29,075,926
Accumulated Depreciation	2,159,816
Bank of America II
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	9,206,000
Building and Improvements	20,204,000
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	9,206,000
Building and Improvements	20,204,000
Total	29,410,000
Accumulated Depreciation	2,134,340
Atlas Copco
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	1,480,000
Building and Improvements	16,490,000
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	1,480,000
Building and Improvements	16,490,000
Total	17,970,000
Accumulated Depreciation	904,846
Toshiba Tec Property
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	4,130,000
Building and Improvements	36,820,748
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	4,130,000
Building and Improvements	36,820,748
Total	40,950,748
Accumulated Depreciation	1,309,377
Netgear
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	20,725,500
Building and Improvements	25,886,500
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	20,725,500
Building and Improvements	25,886,500
Total	46,612,000
Accumulated Depreciation	827,046
Nike
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	5,988,000
Building and Improvements	42,397,000
Cost capitalized subsequent to acquisition	9,067
SEC Schedule III, Real Estate, Gross [Abstract]
Land	5,988,000
Building and Improvements	42,406,067
Total	48,394,067
Accumulated Depreciation	1,623,982
Zebra Technologies
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	5,238,441
Building and Improvements	56,525,559
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	5,238,441
Building and Improvements	56,525,559
Total	61,764,000
Accumulated Depreciation	1,001,005
WABCO Property
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	1,301,500
Building and Improvements	12,598,000
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	1,301,500
Building and Improvements	12,598,000
Total	13,899,500
Accumulated Depreciation	156,888
IGT
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	6,324,766
Building and Improvements	64,441,234
Cost capitalized subsequent to acquisition	40,000
SEC Schedule III, Real Estate, Gross [Abstract]
Land	6,324,766
Building and Improvements	64,481,234
Total	70,806,000
Accumulated Depreciation	561,289
3M Property
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	5,320,224
Building and Improvements	62,247,035
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	5,320,224
Building and Improvements	62,247,035
Total	67,567,259
Accumulated Depreciation	388,889
Amazon Property
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	5,331,439
Building and Improvements	85,769,741
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	5,331,439
Building and Improvements	85,769,741
Total	91,101,180
Accumulated Depreciation	312,452
Zoetis Headquarters Property
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	3,374,660
Building and Improvements	42,264,682
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	3,374,660
Building and Improvements	42,264,682
Total	45,639,342
Accumulated Depreciation	73,507
Southern Co. Services HQ Properties
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract]
Land	6,605,387
Building and Improvements	122,680,097
Cost capitalized subsequent to acquisition	0
SEC Schedule III, Real Estate, Gross [Abstract]
Land	6,605,387
Building and Improvements	122,680,097
Total	129,285,484
Accumulated Depreciation	$ 93,062
Minimum | Owens Corning
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Westgate II
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Administrative Office of Pennsylvania Courts
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | American Express Center
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | MGM Corporate Center
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | American Showa
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Huntington Ingalls
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Wyndham
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Exel
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Morpho Detection
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | FedEx Freight
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Aetna
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Bank of America I
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Bank of America II
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Atlas Copco
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Toshiba Tec Property
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Netgear
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Nike
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Zebra Technologies
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | WABCO Property
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | IGT
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | 3M Property
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Amazon Property
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Zoetis Headquarters Property
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Minimum | Southern Co. Services HQ Properties
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	5 years
Maximum | Owens Corning
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Westgate II
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Administrative Office of Pennsylvania Courts
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | American Express Center
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | MGM Corporate Center
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | American Showa
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Huntington Ingalls
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Wyndham
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Exel
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Morpho Detection
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | FedEx Freight
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Aetna
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Bank of America I
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Bank of America II
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Atlas Copco
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Toshiba Tec Property
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Netgear
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Nike
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Zebra Technologies
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | WABCO Property
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | IGT
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | 3M Property
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Amazon Property
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Zoetis Headquarters Property
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years
Maximum | Southern Co. Services HQ Properties
SEC Schedule III, Real Estate, Gross [Abstract]
Life used for depreciation	40 years

Schedule III - Real Estate an65

Schedule III - Real Estate and Accumulated Depreciation - Rollforward of Accumulated Depreciation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of year	$ 516,964,849	$ 0
Acquisitions	615,970,513	516,964,849
Improvements	40,000	0
Construction-in-progress	79,993	0
Balance at end of year	1,133,055,355	516,964,849
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at beginning of year	12,060,635	0
Depreciation and amortization expense		12,060,635
Balance at end of year	39,954,771	12,060,635
Total real estate, net	$ 1,093,100,584	$ 504,904,214