Peakstone Realty Trust (PKST) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Aug. 05, 2020
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	000-55605
Entity Registrant Name	Griffin Capital Essential Asset REIT, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	46-4654479
Entity Address, Address Line One	1520 E. Grand Ave
Entity Address, City or Town	El Segundo
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90245
City Area Code	310
Local Phone Number	469-6100
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001600626
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Common Class T
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		554,920
Common Class S
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		1,802
Common Class D
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		40,688
Common Class I
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		1,892,807
Common Class A
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		24,281,704
Common Class AA
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		47,180,973
Common Class AAA
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		916,682
Common Class E
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		155,315,836

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents		$ 167,535	$ 54,830
Restricted cash		33,643	58,430
Real estate:
Land		453,826	458,339
Building and improvements		3,084,557	3,043,527
Tenant origination and absorption cost		745,039	744,773
Construction in progress		43,002	31,794
Total real estate		4,326,424	4,278,433
Less: accumulated depreciation and amortization		(743,055)	(668,104)
Total real estate, net		3,583,369	3,610,329
Investments in unconsolidated entities		4,093	11,028
Intangible assets, net		11,267	12,780
Deferred rent receivable		85,431	73,012
Deferred leasing costs, net		49,630	49,390
Goodwill		229,948	229,948
Due from affiliates		799	837
Right of use asset		40,637	41,347
Other assets		36,970	33,571
Total assets		4,243,322	4,175,502
LIABILITIES AND EQUITY
Debt, net		2,175,519	1,969,104
Restricted reserves		14,032	14,064
Interest rate swap liability		61,318	24,146
Redemptions payable		0	96,648
Distributions payable		6,825	15,530
Due to affiliates		5,852	10,883
Intangible liabilities, net		29,762	31,805
Lease liability		45,329	45,020
Accrued expenses and other liabilities		109,617	96,389
Total liabilities		2,448,254	2,303,589
Commitments and contingencies
Noncontrolling interests subject to redemption; 556,099 and 554,110 units as of June 30, 2020 and December 31, 2019, respectively		4,579	4,831
Stockholders’ equity:
Common stock, $0.001 par value; 800,000,000 shares authorized; 229,897,937 and 227,853,720 shares outstanding in the aggregate as of June 30, 2020 and December 31, 2019, respectively	[1]	230	228
Additional paid-in capital		2,101,492	2,060,604
Cumulative distributions		(773,214)	(715,792)
Accumulated earnings		157,350	153,312
Accumulated other comprehensive loss		(54,521)	(21,875)
Total stockholders’ equity		1,431,337	1,476,477
Noncontrolling interests		234,152	245,040
Total equity		1,665,489	1,721,517
Total liabilities and equity		4,243,322	4,175,502
Perpetual convertible preferred shares
LIABILITIES AND EQUITY
Perpetual convertible preferred stock and common stock subject to redemption		125,000	125,000
Common stock subject to redemption
LIABILITIES AND EQUITY
Perpetual convertible preferred stock and common stock subject to redemption		$ 0	$ 20,565
[1]	See Note 9, Equity , for the number of shares outstanding of each class of common stock as of June 30, 2020.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Noncontrolling interest, units eligible towards redemption (in shares)	556,099	554,110
Common Stock, par value (in usd per share)	$ 0.001	$ 0.001
Common Stock, shares authorized (in shares)	800,000,000	800,000,000
Common Stock, shares outstanding (in shares)	229,897,937	227,853,720

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue:
Rental income	$ 105,427	$ 103,356	$ 201,155	$ 179,841
Expenses:
Property operating expense	12,922	12,858	27,893	24,374
Property tax expense	9,413	9,782	18,961	17,672
Property management fees to non-affiliates	839	882	1,748	1,798
General and administrative expenses	7,408	5,656	15,073	10,189
Corporate operating expenses to affiliates	625	450	1,250	724
Impairment provision	12,623	0	12,623	0
Depreciation and amortization	39,881	36,094	81,029	70,871
Total expenses	83,711	65,722	158,577	125,628
Income before other income and (expenses)	21,716	37,634	42,578	54,213
Other income (expenses):
Interest expense	(19,046)	(20,275)	(39,007)	(34,082)
Other income (loss), net	354	(311)	3,054	1,480
Loss from investment in unconsolidated entities	(1,444)	(460)	(2,071)	(1,108)
Management fee revenue from affiliates	0	1,627	0	6,368
Gain from disposition of asset	4,268	0	4,268	0
Net income	5,848	18,215	8,822	26,871
Distributions to redeemable preferred shareholders	(2,047)	(2,047)	(4,094)	(4,094)
Net income attributable to noncontrolling interests	(457)	(1,880)	(568)	(3,077)
Net income attributable to controlling interest	3,344	14,288	4,160	19,700
Distributions to redeemable noncontrolling interests attributable to common stockholders	(43)	(80)	(122)	(159)
Net income attributable to common stockholders	$ 3,301	$ 14,208	$ 4,038	$ 19,541
Net income attributable to common stockholders per share, basic and diluted (in usd per share)	$ 0.01	$ 0.06	$ 0.02	$ 0.10
Weighted average number of common shares outstanding, basic and diluted (in shares)	229,879,280	228,226,047	229,844,960	202,507,854
Cash distributions declared per common share (in usd per share)	$ 0.09	$ 0.16	$ 0.23	$ 0.33

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 5,848	$ 18,215	$ 8,822	$ 26,871
Other comprehensive loss:
Equity in other comprehensive (loss) income of unconsolidated joint venture	0	(89)	0	(178)
Change in fair value of swap agreements	(6,284)	(12,713)	(37,110)	(20,762)
Total comprehensive income (loss)	(436)	5,413	(28,288)	5,931
Distributions to redeemable preferred shareholders	(2,047)	(2,047)	(4,094)	(4,094)
Distributions to redeemable noncontrolling interests attributable to common stockholders	(43)	(80)	(122)	(159)
Comprehensive (income) loss attributable to noncontrolling interests	299	(391)	3,895	(180)
Comprehensive income ( loss) attributable to common stockholders	$ (2,227)	$ 2,895	$ (28,609)	$ 1,498

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Total Stockholders’ Equity	Common Stock	Additional Paid-In Capital	Cumulative Distributions	Accumulated Income	Accumulated Other Comprehensive Loss	Non- controlling Interests
Beginning Balance (in shares) at Dec. 31, 2018			174,278,341
Beginning Balance at Dec. 31, 2018	$ 1,344,286	$ 1,112,083	$ 174	$ 1,556,770	$ (570,977)	$ 128,525	$ (2,409)	$ 232,203
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Deferred equity compensation (in shares)			7,336
Deferred equity compensation	75	75		75
Cash distributions to common stockholders	(21,803)	(21,803)			(21,803)
Issuance of shares for distribution reinvestment plan (in shares)			695,872
Issuance of shares for distribution reinvestment plan	0		$ 1	6,672	(6,673)
Reclass of common stock subject to redemption	(6,673)	(6,673)		(6,673)
Distributions to noncontrolling interest	(4,585)							(4,585)
Distributions to noncontrolling interests subject to redemption	(13)							(13)
Offering costs	(9)	(9)		(9)
Net income	6,530	5,333				5,333		1,197
Other comprehensive loss	(8,137)	(6,729)					(6,729)	(1,408)
Ending Balance(in shares) at Mar. 31, 2019			174,981,549
Ending Balance at Mar. 31, 2019	1,309,671	1,082,277	$ 175	1,556,835	(599,453)	133,858	(9,138)	227,394
Beginning Balance (in shares) at Dec. 31, 2018			174,278,341
Beginning Balance at Dec. 31, 2018	1,344,286	1,112,083	$ 174	1,556,770	(570,977)	128,525	(2,409)	232,203
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Mergers	751,278
Ending Balance(in shares) at Jun. 30, 2019			243,610,554
Ending Balance at Jun. 30, 2019	1,938,589	1,685,410	$ 244	2,194,174	(636,622)	148,066	(20,452)	253,179
Beginning Balance (in shares) at Dec. 31, 2018			174,278,341
Beginning Balance at Dec. 31, 2018	$ 1,344,286	1,112,083	$ 174	1,556,770	(570,977)	128,525	(2,409)	232,203
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclass of noncontrolling interest subject to redemption								0
Repurchase of noncontrolling interest								0
Issuance of stock dividend for noncontrolling interest								1,861
Distributions to noncontrolling interest								(19,716)
Net income								3,749
Other comprehensive loss								(3,054)
Ending Balance(in shares) at Dec. 31, 2019	227,853,720		227,853,720
Ending Balance at Dec. 31, 2019	$ 1,721,517	1,476,477	$ 228	2,060,604	(715,792)	153,312	(21,875)	245,040
Beginning Balance (in shares) at Mar. 31, 2019			174,981,549
Beginning Balance at Mar. 31, 2019	1,309,671	1,082,277	$ 175	1,556,835	(599,453)	133,858	(9,138)	227,394
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Deferred equity compensation (in shares)			349
Deferred equity compensation	648	648		648
Cash distributions to common stockholders	(26,296)	(26,296)			(26,296)
Issuance of shares for distribution reinvestment plan (in shares)			921,864
Issuance of shares for distribution reinvestment plan	0		$ 1	8,805	(8,806)
Repurchase of common stock (in shares)			(10,348,142)
Repurchase of common stock	(98,928)	(98,928)	$ (10)	(98,918)
Reclass of common stock subject to redemption	(19,175)	(19,175)		(19,175)
Issuance of limited partnership units	25,000							25,000
Issuance of stock dividend for noncontrolling interest	269							269
Issuance of stock dividends	(2,067)	(2,067)			(2,067)
Mergers (in shares)			78,054,934
Mergers	751,277	746,238	$ 78	746,160				5,039
Distributions to noncontrolling interest	(4,903)							(4,903)
Distributions to noncontrolling interests subject to redemption	(11)							(11)
Offering costs	(181)	(181)		(181)
Net income	16,088	14,208				14,208		1,880
Other comprehensive loss	(12,803)	(11,314)					(11,314)	(1,489)
Ending Balance(in shares) at Jun. 30, 2019			243,610,554
Ending Balance at Jun. 30, 2019	$ 1,938,589	1,685,410	$ 244	2,194,174	(636,622)	148,066	(20,452)	253,179
Beginning Balance (in shares) at Dec. 31, 2019	227,853,720		227,853,720
Beginning Balance at Dec. 31, 2019	$ 1,721,517	1,476,477	$ 228	2,060,604	(715,792)	153,312	(21,875)	245,040
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Gross proceeds from issuance of common stock (in shares)			433,328
Gross proceeds from issuance of common stock	4,141	4,141		4,141
Deferred equity compensation (in shares)			17,836
Deferred equity compensation	984	984		984
Cash distributions to common stockholders	(23,627)	(23,627)			(23,627)
Issuance of shares for distribution reinvestment plan (in shares)			1,297,656
Issuance of shares for distribution reinvestment plan	4,155	4,155	$ 1	12,116	(7,962)
Repurchase of common stock (in shares)			(548,312)
Repurchase of common stock	(5,110)	(5,110)		(5,110)
Reclass of common stock subject to redemption	(85,180)	(85,180)		(85,180)
Issuance of stock dividend for noncontrolling interest	802							802
Issuance of stock dividends (in shares)			617,327
Issuance of stock dividends	19	19	$ 1	5,766	(5,748)
Distributions to noncontrolling interest	(5,069)							(5,069)
Distributions to noncontrolling interests subject to redemption	(11)							(11)
Offering costs	(604)	(604)		(604)
Net income	848	737				737		111
Other comprehensive loss	(30,826)	(27,118)					(27,118)	(3,708)
Ending Balance(in shares) at Mar. 31, 2020			229,671,555
Ending Balance at Mar. 31, 2020	$ 1,582,039	1,344,874	$ 230	1,992,717	(753,129)	154,049	(48,993)	237,165
Beginning Balance (in shares) at Dec. 31, 2019	227,853,720		227,853,720
Beginning Balance at Dec. 31, 2019	$ 1,721,517	1,476,477	$ 228	2,060,604	(715,792)	153,312	(21,875)	245,040
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclass of noncontrolling interest subject to redemption								253
Repurchase of noncontrolling interest								(496)
Issuance of stock dividend for noncontrolling interest								1,068
Mergers	$ 0
Distributions to noncontrolling interest								(7,800)
Net income								568
Other comprehensive loss								(4,464)
Ending Balance(in shares) at Jun. 30, 2020	229,897,937		229,897,937
Ending Balance at Jun. 30, 2020	$ 1,665,489	1,431,337	$ 230	2,101,492	(773,214)	157,350	(54,521)	234,152
Beginning Balance (in shares) at Mar. 31, 2020			229,671,555
Beginning Balance at Mar. 31, 2020	1,582,039	1,344,874	$ 230	1,992,717	(753,129)	154,049	(48,993)	237,165
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Deferred equity compensation (in shares)			20,138
Deferred equity compensation	1,139	1,139		1,139
Cash distributions to common stockholders	(20,087)	(20,087)			(20,087)
Issuance of shares for distribution reinvestment plan (in shares)			(220)
Issuance of shares for distribution reinvestment plan	0			(2)	2
Repurchase of common stock (in shares)			(301)
Repurchase of common stock	(3)	(3)		(3)
Reclass of noncontrolling interest subject to redemption	253							253
Repurchase of noncontrolling interest	(496)							(496)
Reclass of common stock subject to redemption	105,745	105,745		105,745
Issuance of stock dividend for noncontrolling interest	266							266
Issuance of stock dividends (in shares)			206,765
Issuance of stock dividends	1,922	1,922		1,922	0
Distributions to noncontrolling interest	(2,731)							(2,731)
Distributions to noncontrolling interests subject to redemption	(6)							(6)
Offering costs	(26)	(26)		(26)
Net income	3,758	3,301				3,301		457
Other comprehensive loss	$ (6,284)	(5,528)					(5,528)	(756)
Ending Balance(in shares) at Jun. 30, 2020	229,897,937		229,897,937
Ending Balance at Jun. 30, 2020	$ 1,665,489	$ 1,431,337	$ 230	$ 2,101,492	$ (773,214)	$ 157,350	$ (54,521)	$ 234,152

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating Activities:
Net income	$ 8,822	$ 26,871
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of building and building improvements	46,198	34,630
Amortization of leasing costs and intangibles, including ground leasehold interests and leasing costs	34,831	36,241
Amortization of below market leases, net	(1,240)	(1,768)
Amortization of deferred financing costs and debt premium	1,278	4,287
Amortization of swap interest	63	63
Deferred rent	(12,441)	(4,588)
Deferred rent, ground lease	1,033	749
Termination fee revenue - receivable from tenant, net	0	(9,001)
Gain from disposition of asset	(4,268)	0
Gain on fair value of earn-out	(2,581)	0
Loss from investment in unconsolidated entities	2,071	1,108
Impairment provision	12,623	0
Loss from investments	12	465
Stock-based compensation	2,124	723
Performance distribution allocation (non-cash)	0	(2,604)
Change in operating assets and liabilities:
Deferred leasing costs and other assets	(7,213)	10,788
Restricted reserves	188	268
Accrued expenses and other liabilities	3,277	(18,536)
Due to affiliates, net	(2,060)	8,587
Net cash provided by operating activities	82,717	88,283
Investing Activities:
Cash acquired in connection with the Mergers, net of acquisition costs	0	25,321
Acquisition of properties, net	(16,585)	0
Proceeds from disposition of properties	23,480	0
Increase (Decrease) in Restricted Cash and Investments	155	2,134
Real estate acquisition deposits	1,047	(1,000)
Payments for construction in progress	(37,379)	(20,612)
Distributions of capital from investment in unconsolidated entities	4,863	3,245
Purchase of investments	(885)	(8,287)
Net cash (used in) provided by investing activities	(25,304)	801
Financing Activities:
Proceeds from borrowings - KeyBank Loans	0	627,000
Proceeds from borrowings - Revolver Loan	215,000	175,854
Principal payoff of secured indebtedness - Unsecured Credit Facility - EA-1	(25,000)	(715,000)
Principal amortization payments on secured indebtedness	(3,521)	(3,252)
Offering costs	(328)	0
Repurchase of common stock	(101,761)	(98,928)
Deferred financing costs	(145)	(5,737)
Issuance of common stock, net of discounts and underwriting costs	4,699	(1,679)
Repurchase of noncontrolling interest	(496)	0
Distributions to noncontrolling interests	(7,713)	(8,111)
Distributions to preferred units subject to redemption	(6,141)	(4,094)
Distributions to common stockholders	(44,089)	(48,434)
Net cash provided by (used in) financing activities	30,505	(82,381)
Net increase in cash, cash equivalents and restricted cash	87,918	6,703
Cash, cash equivalents and restricted cash at the beginning of the period	113,260	64,285
Cash, cash equivalents and restricted cash at the end of the period	201,178	70,988
Supplemental Disclosures of Significant Non-Cash Transactions:
Decrease in fair value swap agreement	(37,110)	(20,762)
Distributions payable to common stockholders	6,622	13,330
Distributions payable to noncontrolling interests	916	1,692
Common stock issued pursuant to the distribution reinvestment plan	12,115	15,479
Issuance of limited partnership units	0	25,000
Issuance of stock dividends	5,747	0
Mortgage debt assumed in conjunction with the acquisition of real estate assets plus a premium of $109	18,884	0
Payable for construction in progress	27,504	2,378
Net assets acquired in Merger in exchange for common shares	0	751,278
Implied EA-1 common stock and operating partnership units issued in exchange for net assets acquired in Merger	0	751,278
Operating lease right-of-use assets obtained in exchange for lease liabilities upon adoption of ASC 842 on January 1, 2019	$ 0	$ 28,366

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Thousands	Jun. 30, 2020USD ($)
Statement of Cash Flows [Abstract]
Premium on debt assumed	$ 109

Organization

Organization	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Griffin Capital Essential Asset REIT, Inc. (“GCEAR”) is a self-managed real estate investment trust ("REIT") organized primarily with the purpose of acquiring single tenant net lease properties essential to the business operations of the tenant. GCEAR’s year-end date is December 31. On December 14, 2018, GCEAR, Griffin Capital Essential Asset Operating Partnership II, L.P. (the “GCEAR II Operating Partnership”), GCEAR’s wholly-owned subsidiary Globe Merger Sub, LLC (“Merger Sub”), the entity formerly known as Griffin Capital Essential Asset REIT, Inc. (“EA-1”), and Griffin Capital Essential Asset Operating Partnership, L.P. (the “EA-1 Operating Partnership”) entered into an Agreement and Plan of Merger (the “Merger Agreement”). On April 30, 2019, pursuant to the Merger Agreement, (i) EA-1 merged with and into Merger Sub, with Merger Sub surviving as GCEAR’s direct, wholly-owned subsidiary (the “Company Merger”) and (ii) the GCEAR II Operating Partnership merged with and into the EA-1 Operating Partnership (the “Partnership Merger” and, together with the Company Merger, the “Mergers”), with the EA-1 Operating Partnership (and now known as the “Current Operating Partnership”) surviving the Partnership Merger. In addition, on April 30, 2019, following the Mergers, Merger Sub merged into GCEAR. In connection with the Mergers, the Company converted EA-1’s Series A cumulative perpetual convertible preferred stock into GCEAR’s newly created Series A cumulative perpetual convertible preferred stock (the “Series A Preferred Shares”). Also on April 30, 2019, the Company converted each EA-1 Operating Partnership unit outstanding into 1.04807 Class E units in the Current Operating Partnership and each unit outstanding in the GCEAR II Operating Partnership converted into one unit of like class in the Current Operating Partnership (the “OP Units”). The Current Operating Partnership and Griffin Capital Real Estate Company, LLC ("GRECO") are the subsidiaries of the Company and are the entities through which the Company conducts its business. In addition, on December 14, 2018, EA-1 and the EA-1 Operating Partnership entered into a series of transactions, agreements, and amendments to EA-1’s existing agreements and arrangements with EA-1’s former sponsor, Griffin Capital Company, LLC ("GCC"), and Griffin Capital, LLC (“GC LLC”), pursuant to which GCC and GC LLC contributed all of the membership interests of GRECO (including the GRECO employees) and certain assets related to the business of GRECO to the EA-1 Operating Partnership (the "Self-Administration Transaction"). As a result of the Self-Administration Transaction, EA-1 became self-managed and acquired the advisory, asset management and property management business of GRECO. In connection with the Mergers, many of the agreements and amendments entered into by EA-1 as part of the Self-Administration Transaction were assumed by GCEAR pursuant to the Mergers. In connection with the Mergers, GCEAR was the legal acquirer and EA-1 was the accounting acquirer for financial reporting purposes, as discussed in Note 3, Real Estate . T hus, the financial information set forth herein subsequent to the Mergers reflects results of the combined entity, and the financial information set forth herein prior to the Mergers reflects EA-1’s results. For this reason, period to period comparisons may not be meaningful. Unless the context requires otherwise, all references to the “Company,” “we,” “our,” and “us” herein mean EA-1 and one or more of EA-1’s subsidiaries for periods prior to the Mergers, and GCEAR and one or more of GCEAR’s subsidiaries, including GRECO and the Current Operating Partnership, for periods following the Mergers. Certain historical information of GCEAR is included for background purposes. On September 20, 2017, GCEAR commenced a follow-on offering of up to $2.2 billion of shares (the “Follow-On Offering”), consisting of up to $2.0 billion of shares in GCEAR’s primary offering and $0.2 billion of shares pursuant to its distribution reinvestment plan ("DRP"). Since September 20, 2017, the Company had is sued 10,142,771 shares of common stock for aggregate gross proceeds of approximately $96.9 million in these offerings. See Note 9, Equity , for the status of the Follow-On Offering and DRP. The Current Operating Partnership owns, directly or indirectly, all of the properties that the Company has acquired. As of June 30, 2020, the Company owned approximat ely 87.8% o f the OP Units of the Current Operating Partnership. As a result of the contribution of five properties to the Company and the Self-Administration Transaction, the former sponsor and certain of its affiliates owned approximatel y 10.6% of the limited partnership units of the Current Operating Partnership, including approximate ly 2.4 million u nits owned by the Company’s Executive Chairman and Chairman of the Board, Kevin A. Shields, as of June 30, 2020. The remaining approximate ly 1.6% O P Units are owned by unaffiliated third parties. The Current Operating Partnership may conduct certain activities through one or more of the Company’s taxable REIT subsidiaries, which are wholly-owned subsidiaries of the Current Operating Partnership. 1. Organization (continued) As of June 30, 2020, the Company ha d issued 283,199,595 shares (approximately $2.8 billion) of common stock since November 9, 2009 in various private offerings, public offerings, DRP offerings and mergers (includes EA-1 offerings and EA-1 merger with Signature Office REIT, Inc. and the Mergers). There were 229,897,937 shares of common stock outstanding as of June 30, 2020, including shares issued pursuant to the DRP, less shares redeemed pursuant to the share redemption program ("SRP") and self-tender offer. As of June 30, 2020 and December 31, 2019, the Company had issued approximatel y $305.8 million and $293.7 million in shares pursuant to the DRP, respectively .

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies There have been no significant changes to the Company’s accounting policies since the Company filed its audited financial statements in its Annual Report on Form 10-K for the year ended December 31, 2019. For further information about the Company’s accounting policies, refer to the Company’s consolidated financial statements and notes thereto for the year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K filed with the SEC. The accompanying unaudited consolidated financial statements of the Company are prepared by management on the accrual basis of accounting and in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information as contained in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), and in conjunction with rules and regulations of the SEC. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The unaudited consolidated financial statements include accounts and related adjustments, which are, in the opinion of management, of a normal recurring nature and necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the interim period. Operating results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 . In addition, see the risk factors identified in the “Risk Factors” section of the Company's Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. The consolidated financial statements of the Company include all accounts of the Company, the Current Operating Partnership, and its subsidiaries. Intercompany transactions are not shown on the consolidated statements. However, each property-owning entity is a wholly-owned subsidiary which is a special purpose entity ("SPE"), whose assets and credit are not available to satisfy the debts or obligations of any other entity, except to the extent required with respect to any co-borrower or guarantor under the same credit facility. Use of Estimates The preparation of the unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates. 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 June 30, 2020 and December 31, 2019, there were no material common stock equivalents that would have a dilutive effect on earnings (loss) per share for common stockholders. 2. Basis of Presentation and Summary of Significant Accounting Policies (continued) During the quarter ended June 30, 2020, the Company retroactively adjusted the number of common shares outstanding in accordance with ASC 260-10, Earnings Per Share ("ASC 260-10"). ASC 260-10 requires the computations of basic and diluted earnings per share to 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 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. Goodwill Goodwill represents the excess of consideration paid over the fair value of underlying identifiable net assets of business acquired. The Company's goodwill has an indeterminate life and is not amortized, but is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company takes a qualitative approach to consider whether an impairment of goodwill exists prior to quantitatively determining the fair value of the reporting unit in step one of the impairment test. The Company performs its annual assessment on October 1st. Recently Issued Accounting Pronouncements Changes to GAAP are established by the FASB in the form of ASUs to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. Other than the ASUs discussed below, the FASB has not recently issued any other ASUs that the Company expects to be applicable and have a material impact on the Company's financial statements. Adoption of New Accounting Pronouncements During the first quarter of 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. During the first quarter of 2020,

Real Estate

Real Estate	6 Months Ended
	Jun. 30, 2020
Real Estate [Abstract]
Real Estate	Real Estate As of June 30, 2020, the Company’s real estate portfolio consiste d of 99 properties in 25 sta tes consisting substantially of office, warehouse, and manufacturing facilities a nd one land pa rcel held for future development with a combined acquisition value of app roximately $4.2 billion, in cluding the allocation of the purchase price to above- and below-market lease valuation. Depreciation expense for buildings and improvements for the six months ended June 30, 2020 was $46.2 million. Amortization expense for intangibles, including, but not limited to, tenant origination and absorption costs for the six months ended June 30, 2020 was $34.8 million. 2020 Acquisition The purchase price and other acquisition items for the property acquired during the six months ended June 30, 2020 are shown below: Property Location Tenant/Major Lessee Acquisition Date Purchase Price Square Feet Acquisition Fees and Expenses Year of Lease Expiration Pepsi Bottling Ventures North Carolina PepsiCo 2/5/2020 $34,937 526,320 $386 2032 Real Estate - Valuation and Purchase Price Allocation The Company allocates the purchase price to the relative 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 the acquisition completed during the six months ended June 30, 2020, the Company used a discount rate of 6.25%. 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 asset acquisitions are capitalized during the period they are incurred. The following table summarizes the purchase price allocation of the property acquired during the six months ended June 30, 2020. Property Land Building Improvements Tenant origination and absorption costs In-place lease valuation - (below) / market Debt discount / (premium) Total (1) Pepsi Bottling Ventures $3,407 $26,813 $954 $4,970 $(712) $(109) $35,323 (1) The allocations noted above are based on a determination of the relative fair value of the total consideration provided and represent the amount paid including capitalized acquisition costs. Intangibles The Company allocated a portion of the acquired and contributed real estate asset value to in-place lease valuation, tenant origination and absorption cost, and other intangibles, net of the write-off of intangibles, as of June 30, 2020 and December 31, 2019: 3. Real Estate (continued) June 30, 2020 December 31, 2019 In-place lease valuation (above market) $ 43,606 $ 44,012 In-place lease valuation (above market) - accumulated amortization (34,415) (33,322) In-place lease valuation (above market), net $ 9,191 $ 10,690 Ground leasehold interest (below market) 2,254 2,254 Ground leasehold interest (below market) - accumulated amortization (178) (164) Ground leasehold interest (below market), net 2,076 2,090 Intangible assets, net $ 11,267 $ 12,780 In-place lease valuation (below market) $ (68,334) $ (67,622) Land Leasehold interest (above market) (3,073) (3,073) In-place lease valuation & land leasehold interest - accumulated amortization 41,645 38,890 Intangible liabilities, net $ (29,762) $ (31,805) Tenant origination and absorption cost $ 745,039 $ 744,773 Tenant origination and absorption cost - accumulated amortization (384,129) (354,379) Tenant origination and absorption cost, net $ 360,910 $ 390,394 The following table sets forth the estimated annual amortization (income) expense for in-place lease valuation, net, tenant origination and absorption costs, ground leasehold improvements, and other leasing costs as of June 30, 2020 for the next five years: Year In-place lease valuation, net Tenant origination and absorption costs Ground leasehold interest Other leasing costs Remaining 2020 $ (1,051) $ 29,809 $ (146) $ 2,659 2021 $ (2,118) $ 57,995 $ (290) $ 5,911 2022 $ (2,519) $ 54,892 $ (290) $ 5,916 2023 $ (2,466) $ 50,095 $ (290) $ 5,788 2024 $ (1,649) $ 37,730 $ (291) $ 5,553 2025 $ (1,182) $ 27,445 $ (290) $ 5,439 Restricted Cash In conjunction with the acquisition 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. Additionally, an ongoing replacement reserve is funded by certain tenants pursuant to each tenant’s respective lease as follows: Balance as of June 30, 2020 December 31, 2019 Cash reserves $ 21,572 $ 48,129 Restricted Lockbox 12,071 10,301 Total $ 33,643 $ 58,430 Sale of Property On June 30, 2020, the Company sold the Bank of America II property located at 1800 Tapo Canyon in Simi Valley, California for total proceeds of $24.5 million, less closing costs and other closing credits. The carrying value of the property on the closing date was approximately $19.6 million. Upon the sale of the property, the Company recognized a gain of approximately $4.3 million. 3. Real Estate (continued) Impairments 2200 Channahon Road & Houston Way I During the six months ended June 30, 2020, the Company recorded an impairment provision of approximately $12.6 million as it was determined that the carrying value of the real estate would not be recoverable on two properties. This impairment resulted from changes in longer absorption periods and lower market rents. In determining the fair value of property, the Company considered Level 3 inputs. See Note 8 , Fair Value Measurements , for details.

Investments in Unconsolidated E

Investments in Unconsolidated Entities	6 Months Ended
	Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities Heritage Commons X, LTD In June 2018, the Company, through an SPE, wholly owned by the Current Operating Partnership, formed a joint venture (the "Heritage Commons X") for the construction and ownership of a four-story, Class "A" office building with a net rentable area of approximately 200,000 square feet located in Fort Worth, Texas (the "Heritage Commons Property"). The Heritage Commons Property was completed in April 2019 and is 100% leased to Mercedes-Benz Financial Services USA. On July 17, 2019, Heritage Commons X sold the Heritage Commons Property. Digital Realty Trust, Inc. In September 2014, the Company, through an SPE, wholly owned by the Current Operating Partnership, acquired an 80% interest in a joint venture with an affiliate of Digital Realty Trust, Inc. for $68.4 million, which was funded with equity proceeds raised in the Company's public offerings. The gross acquisition value of the property was $187.5 million, plus closing costs, which was partially financed with debt of $102.0 million. The joint venture was created for purposes of directly or indirectly acquiring, owning, financing, operating and maintaining a data center facility located in Ashburn, Virginia (the "Property"). The Property is approximately 132,300 square feet and consists of certain data processing and communications equipment that is fully leased to a social media company and a financial services company with an average remaining lease term of approximat ely four years. The interests discussed above are deemed to be variable interests in variable interest entities ("VIE") and based on an evaluation of the variable interests against the criteria for consolidation, the Company determined that it is not the primary beneficiary of the investments, as the Company does not have power to direct the activities of the entities that most significantly affect their performance. As such, the interest in the VIEs is recorded using the equity method of accounting in the accompanying consolidated financial statements. Under the equity method, the investments in the unconsolidated entities are stated at cost and adjusted for the Company’s share of net earnings or losses and reduced by distributions. Equity in earnings of real estate ventures is generally recognized based on the allocation of cash distributions upon liquidation of the investment at book value in accordance with the operating agreements. The Company's maximum exposure to losses associated with its unconsolidated investments is primarily limited to its carrying value in the investments and the Company's outstanding letter of credit of approximately $8.2 million. Impairment During the six months ended June 30, 2020, the Company recognized an other-than-temporary impairment loss on its investments in the unconsolidated Digital Realty Trust, Inc. joint venture. The impairment loss is a result of revised market rental rate expectations and tenant rents. The impairment loss is included in "Loss from investment in unconsolidated entities" on the Company's consolidated statements of operations. In determining the fair value of property, the Company considered Level 3 inputs. See Note 8, Fair Value Measurements , for details. 4. Investments in Unconsolidated Entities (continued) As of June 30, 2020, the balance of the investments are shown below: Digital Realty Heritage Total Balance as of December 31, 2019 $ 10,584 $ 444 $ 11,028 Net loss (165) — (165) Distributions (4,863) — (4,863) Impairment (1,907) — (1,907) June 30, 2020 $ 3,649 $ 444 $ 4,093

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt As of June 30, 2020 and December 31, 2019, the Company’s debt consisted of the following: June 30, 2020 December 31, 2019 Contractual Interest Rate (1) Loan Effective Interest Rate (2) HealthSpring Mortgage Loan $ 20,468 $ 20,723 4.18% April 2023 4.61% Midland Mortgage Loan 99,213 100,249 3.94% April 2023 4.12% Emporia Partners Mortgage Loan 1,869 2,104 5.88% September 2023 5.97% Samsonite 20,667 21,154 6.08% September 2023 5.12% Highway 94 loan 15,154 15,610 3.75% August 2024 4.76% Pepsi Bottling Ventures Loan 18,766 — 3.69% October 2024 3.91% AIG Loan II 126,970 126,970 4.15% November 2025 4.92% BOA Loan 375,000 375,000 3.77% October 2027 3.91% BOA/KeyBank Loan 250,000 250,000 4.32% May 2028 4.14% AIG Loan 104,828 105,762 4.96% February 2029 5.08% Total Mortgage Debt 1,032,935 1,017,572 Revolving Credit Facility (3) 401,500 211,500 LIBO Rate + 1.45% June 2023 1.74% 2023 Term Loan 200,000 200,000 LIBO Rate + 1.40% June 2023 1.67% 2024 Term Loan 400,000 400,000 LIBO Rate + 1.40% April 2024 1.66% 2026 Term Loan 150,000 150,000 LIBO Rate + 1.75% April 2026 1.98% Total Debt 2,184,435 1,979,072 Unamortized Deferred Financing Costs and Discounts, net (8,916) (9,968) Total Debt, net $ 2,175,519 $ 1,969,104 (1) Including the effect of the interest rate swaps agreements with a total notional amount of $750.0 million, the weighted average interest rate as of June 30, 2020 was 3.26% for both the Company’s fixed-rate and variable-rate debt combined and 3.62% for the Company’s fixed-rate debt only. (2) Reflects the effective interest rate as of June 30, 2020 and includes the effect of amortization of discounts/premiums and deferred financing costs. two one Second Amended and Restated Credit Agreement On April 30, 2019, the Company, through the Current Operating Partnership, entered into that certain second amended and restated credit agreement (the "Second Amended and Restated Credit Agreement") related to a revolving credit facility (the "Revolving Credit Facility") and three term loans described below (the "Term Loans" and collectively with the Revolving Credit Facility, the "KeyBank Loans") with a syndicate of lenders, under which KeyBank National Association ("KeyBank") serves as administrative agent. The KeyBank Loans have an interest rate calculated based on London Interbank Offered Rate (LIBOR) plus the applicable LIBOR margin, as provided in the Second Amended and Restated Credit Agreement, or the Base Rate plus the 5. Debt (continued) applicable base rate margin, as provided in the agreement. The applicable LIBOR margin and base rate margin are dependent on the consolidated leverage ratio of the Current Operating Partnership, the Company, and the Company's subsidiaries, as disclosed in the periodic compliance certificate provided to our administrative agent each quarter. If the Current Operating Partnership obtains an investment grade rating of its senior unsecured long term debt from Standard & Poor's Rating Services, Moody's Investors Service, Inc., or Fitch, Inc., the applicable LIBOR margin and base rate margin will be dependent on such rating. The Second Amended and Restated Credit Agreement relating to the Revolving Credit Facility provides that the Current Operating Partnership must maintain a pool of unencumbered real properties (each a "Pool Property" and collectively the "Pool Properties") that meet certain requirements contained in the Second Amended and Restated Credit Agreement. The agreement sets forth certain covenants relating to the Pool Properties, including, without limitation, the following: • there must be no less than 15 Pool Properties at any time; • no greater than 15% of the aggregate pool value may be contributed by a single Pool Property or tenant; • no greater than 15% of the aggregate pool value may be contributed by Pool Properties subject to ground leases; • no greater than 20% of the aggregate pool value may be contributed by Pool Properties which are under development or assets under renovation; • the minimum aggregate leasing percentage of all Pool Properties must be no less than 90%; and • other limitations as determined by KeyBank upon further due diligence of the Pool Properties. Borrowing availability under the Second Amended and Restated Credit Agreement is limited to the lesser of (i) an unsecured leverage ratio of no greater than 60%, or (ii) an unsecured interest coverage ratio of no less than 2.00:1.00. Guarantors of the KeyBank Loans include us, each special purpose entity that owns a Pool Property, and each of the Current Operating Partnership other subsidiaries which owns a direct or indirect equity interest in a special purpose entity that owns a Pool Property. In addition to customary representations, warranties, covenants, and indemnities, the KeyBank Loans require the Current Operating Partnership to comply with the following at all times, which will be tested on a quarterly basis: • a maximum consolidated leverage ratio of 60%, or, the ratio may increase to 65% for up to four consecutive quarters after a material acquisition; • a minimum consolidated tangible net worth of 75% of the Company's consolidated tangible net worth at closing of the Revolving Credit Facility, or approximately $2.0 billion, plus 75% of net future equity issuances (including OP Units in the Current Operating Partnership), minus 75% of the amount of any payments used to redeem the Company's stock or the OP Units in the Current Operating Partnership, minus any amounts paid for the redemption or retirement of or any accrued return on the preferred equity issued under the preferred equity investment made in EA-1 in August 2018 by SHBNPP Global Professional Investment Type Private Real Estate Trust No. 13 (H); • upon consummation, if ever, of an initial public offering, a minimum consolidated tangible net worth of 75% of the Company's consolidated tangible net worth plus 75% of net future equity issuances (including OP Units in the Current Operating Partnership) should we publicly list our shares; • a minimum consolidated fixed charge coverage ratio of not less than 1.50:1.00; • a maximum total secured debt ratio of not greater than 40%, which ratio will increase by five percentage points for four quarters after closing of a material acquisition that is financed with secured debt; 5. Debt (continued) • a minimum unsecured interest coverage ratio of 2.00:1.00; • a maximum total secured recourse debt ratio, excluding recourse obligations associated with interest rate hedges, of 10% of our total asset value; • aggregate maximum unhedged variable rate debt of not greater than 30% of the Company's total asset value; and • a maximum payout ratio of not greater than 95% commencing for the quarter ended September 30, 2019. Furthermore, the activities of the Current Operating Partnership, the Company, and the Company's subsidiaries must be focused principally on the acquisition, operation, and maintenance of income-producing office and industrial real estate properties. The Second Amended and Restated Credit Agreement contains certain restrictions with respect to the investment activities of the Current Operating Partnership, including, without limitation, the following: (i) unimproved land may not exceed 5% of total asset value; (ii) developments that are pre-leased assets under development may not exceed 20% of total asset value; (iii) investments in unconsolidated affiliates may not exceed 10% of total asset value; (iv) investments in mortgage notes receivable may not exceed 15% of total asset value; and (v) leased assets under renovation may not exceed 10% of total asset value. These investment limitations cannot exceed 25% in the aggregate, based on total asset value, as defined in the Second Amended and Restated Credit Agreement. Pepsi Bottling Ventures Mortgage Loan On February 5, 2020, as part of the acquisition of the Pepsi Bottling Ventures ("PBV") property, the Company assumed a $18.9 million mortgage loan ("PBV Mortgage Loan") from State Farm Life Insurance Company, as participating holder of the note. The PBV Mortgage Loan matures on October 1, 2024, has a fixed interest rate of 3.69%, and requires monthly payments of principal and interest. The PBV Mortgage Loan is secured by a deed of trust on the PBV property. Debt Covenant Compliance Pursuant to the terms of the Company's mortgage loans and the KeyBank Loans, the Current Operating Partnership, in consolidation with the Company, is subject to certain loan compliance covenants. The Company was in compliance with all of its debt covenants as of June 30, 2020.

Interest Rate Contracts

Interest Rate Contracts	6 Months Ended
	Jun. 30, 2020
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 enters 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 values 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 March 10, 2020, the Company entered into three interest rate swap agreements to hedge variable cash flows associated with LIBOR. The swap agreements became effective on March 10, 2020, and have a term of approximately five years with notional amounts of $150.0 million, $100.0 million and $75.0 million. The Company also has entered into interest rate swap agreements to hedge the variable cash flows associated with certain existing or forecasted LIBOR based variable-rate debt, including the Company's KeyBank Loans. The change in the fair value 6. Interest Rate Contracts (continued) 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 AOCI related to derivatives will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. The following table sets forth a summary of the interest rate swaps at June 30, 2020 and December 31, 2019: Fair Value (1) Current Notional Amounts Derivative Instrument Effective Date Maturity Date Interest Strike Rate June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Liabilities: Interest Rate Swap 7/9/2015 7/1/2020 1.69% $ — $ (43) $ 425,000 $ 425,000 Interest Rate Swap 3/10/2020 7/1/2025 0.83% (3,256) — 150,000 — Interest Rate Swap 3/10/2020 7/1/2025 0.84% (2,223) — 100,000 — Interest Rate Swap 3/10/2020 7/1/2025 0.86% (1,737) — 75,000 — Interest Rate Swap 7/1/2020 7/1/2025 2.82% (15,859) (7,038) 125,000 125,000 Interest Rate Swap 7/1/2020 7/1/2025 2.82% (12,714) (5,651) 100,000 100,000 Interest Rate Swap 7/1/2020 7/1/2025 2.83% (12,722) (5,665) 100,000 100,000 Interest Rate Swap 7/1/2020 7/1/2025 2.84% (12,807) (5,749) 100,000 100,000 Total $ (61,318) $ (24,146) $ 1,175,000 $ 850,000 (1) The Company records all derivative instruments on a gross basis in the consolidated balance sheets, and accordingly, there are no offsetting amounts that net assets against liabilities. As of June 30, 2020, derivatives in a liability position are included in the line item "Interest rate swap liability", in the consolidated balance sheets at fair value. The following table sets forth the impact of the interest rate swaps on the consolidated statements of operations for the periods presented: Six Months Ended June 30, 2020 2019 Interest Rate Swap in Cash Flow Hedging Relationship: Amount recognized in AOCI on derivatives $ (38,723) $ (19,107) Amount of loss (gain) reclassified from AOCI into earnings under “Interest expense” $ 1,613 $ (1,655) Total interest expense presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded $ 39,007 $ 34,082 During the twelve months subsequent to June 30, 2020, the Company estimates that an additio nal $13.7 million of its income will be recognized from AOCI into earnings. Certain agreements with the derivative counterparties contain a provision provided that 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 June 30, 2020 and December 31, 2019, the fair value of interest rate swaps that were in a net liability position, which excludes any adjustment for nonperformance risk related to these agreements, was approximate ly $61.3 million and $24.1 million, respectively. As of June 30, 2020 and December 31, 2019, the Company had not posted any collateral related to these agreements.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Accrued CIP $ 27,504 $ 16,596 Prepaid tenant rent 19,527 20,510 Real estate taxes payable 14,558 13,385 Interest payable 10,252 12,264 Deferred compensation 8,263 9,209 Property operating expense payable 6,962 7,752 Other liabilities 22,551 16,673 Total $ 109,617 $ 96,389

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020 and the year ended December 31, 2019. The following table sets forth the assets and liabilities that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of June 30, 2020 and December 31, 2019: Assets/(Liabilities) Total Fair Value Quoted Prices in Active Markets for Identical Assets and Liabilities Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2020 Interest Rate Swap Liability $ (61,318) $ — $ (61,318) $ — Earn-out Liability (due to affiliates) $ (338) $ — $ — $ (338) Corporate Owned Life Insurance Asset $ 4,007 $ — $ 4,007 $ — Mutual Funds Asset $ 5,563 $ 5,563 $ — $ — Deferred Compensation Liability $ (8,263) $ — $ (8,263) $ — December 31, 2019 Interest Rate Swap Liability $ (24,146) $ — $ (24,146) $ — Earn-out Liability (due to affiliates) $ (2,919) $ — $ — $ (2,919) Corporate Owned Life Insurance Asset $ 2,134 $ — $ 2,134 $ — Mutual Funds Asset $ 6,983 $ 6,983 $ — $ — Deferred Compensation Liability $ (9,209) $ — $ (9,209) $ — 8. Fair Value Measurements (continued) Earn-outs In connection with the Self-Administration Transaction, the Current Operating Partnership will pay GCC in cash earn-out consideration ("Cash Earn-Out") equal to (i) 37.25% of the amounts received by the Company's advisor as advisory fees pursuant to the Company's advisory agreement with respect to the incremental common equity invested in the Company's follow-on public offering from April 30, 2019 through the termination of the Company's follow-on public offering, plus (ii) 37.25% of the amounts that would have been received by the Company's advisor as performance distributions pursuant to the Current Operating Partnership agreement with respect to assets acquired by the Company from April 30, 2019 through the termination of the follow-on public offering. The Cash Earn-Out consideration will accrue on an ongoing basis; provided that such cash earn-out consideration will in no event exceed an amount equal to 2.5% of the aggregate dollar amount of common equity invested in the Company pursuant to its follow-on public offering from April 30, 2019 through the termination of such follow-on public offering. The Company estimates the fair value of the Cash Earn-Out liability using a discounted cash flow. The estimate requires the Company to make various assumptions about future equity raised, capitalization rates and annual net operating income growth. The liability is considered a Level 3 input in the fair value hierarchy. During the six months ended June 30, 2020, the Company recorded an adjustment of approximately $2.6 million , which is included in "Other income, net" on the consolidated statement of operations as a reduction of the Company's liability. As of June 30, 2020, the fair value of the liability was estimated to be $0.3 million and no payments on the estimated liability have occurred. Real Estate For the three months ended June 30, 2020, the Company determined that two of the Company's properties were impaired based upon discounted cash flow analyses where the most significant inputs were the market rental rates, terminal capitalization rate and discount rate. The Company considered these inputs as Level 3 measurements within the fair value hierarchy. The following table is a summary of the quantitative information related to the non-recurring fair value measurement for the impairment of the Company's real estate properties as of June 30, 2020. Range of Inputs or Inputs June 30, 2020 Unobservable Inputs: 2200 Channahon Road Houston Westway I Market rent per square foot $2.00 to $3.00 $15.00 to $17.00 Terminal capitalization rate 9.75% 7.75% Discount rate 14.00% 9.00% Investment in Unconsolidated Entities For the three months ended June 30, 2020, the Company determined that its investment in the Digital Realty Trust, Inc. joint venture was other-than-temporarily impaired. The estimation of value for the Digital Realty Trust, Inc. joint venture includes an analysis of the Company’s share of net assets, after consideration of the fair value of the Digital Realty Trust, Inc. joint venture's assets and liabilities, pursuant to the distribution provisions provided for in the operating agreement. The value of the joint venture's underlying real estate asset was determined using discounted cash flow analyses where the most significant inputs were market rental rates, terminal capitalization rate and discount rate. The Company considered these inputs as Level 3 measurements within the fair value hierarchy. The following table is a summary of the quantitative information related to the non-recurring fair value measurement for the impairment on the Company's investment in unconsolidated entities as of June 30, 2020: 8. Fair Value Measurements (continued) Range of Inputs or Inputs Unobservable Inputs: June 30, 2020 Market rent per kilowatt-hour (kWh) $90.00 to $100.00 Terminal capitalization rate 6.00% Discount rate 6.75% Financial Instruments Disclosed at Fair Value Financial instruments as of June 30, 2020 and December 31, 2019 consisted of cash and cash equivalents, restricted cash, accounts receivable, accrued expenses and other liabilities, and mortgage payable and other borrowings, as defined in Note 5, Debt . With the exception of the mortgage loans in the table below, the amounts of the financial instruments presented in the consolidated financial statements substantially approximate their fair value as of June 30, 2020 and December 31, 2019. The fair value o f the ten mortgage loa ns in the table below is estimated by discounting each 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 debt 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. June 30, 2020 December 31, 2019 Fair Value Carrying Value (1) Fair Value Carrying Value (1) BOA $ 355,791 $ 375,000 $ 369,343 $ 375,000 BOA/KeyBank Loan $ 261,602 $ 250,000 $ 264,101 $ 250,000 AIG Loan II $ 122,907 $ 126,970 $ 122,258 $ 126,970 AIG Loan $ 102,889 $ 104,828 $ 101,663 $ 105,762 Midland $ 98,417 $ 99,213 $ 99,318 $ 100,249 Samsonite $ 21,723 $ 20,667 $ 22,103 $ 21,154 HealthSpring $ 20,724 $ 20,468 $ 20,868 $ 20,723 Pepsi Bottling Ventures $ 19,091 $ 18,766 $ — $ — Highway 94 loan $ 14,901 $ 15,154 $ 15,101 $ 15,610 Emporia Partners $ 1,893 $ 1,869 $ 2,105 $ 2,104 (1) The carrying values do not include the debt premium/(discount) or deferred financing costs as of June 30, 2020 and December 31, 2019. See Note 5, Debt

Equity

Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Equity	Equity Classes Class T shares, Class S shares, Class D shares, Class I shares, Class A shares, Class AA shares, Class AAA shares and Class E shares vote together as a single class, and each share is entitled to one vote on each matter submitted to a vote at a meeting 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 . As of June 30, 2020, there were 554,113 shares of Class T common stock, 1,800 shares of Class S common stock, 40,585 shares of Class D common stock, 1,901,412 shares of Class I common stock, 24,245,556 shares of Class A common stock, 47,108,812 shares of Class AA common stock, 951,675 shares of Class AAA common stock, and 155,093,984 shares of Class E common stock outstanding. 9 . Equity (continued) Common Equity As of June 30, 2020, the Company had received aggregate gross offering proceeds of approximately $2.8 billion from the sale of shares in the private offering, the public offerings, and the DRP offerings, as discussed in Note 1, Organization . The Company also issued approximately 43,772,611 shares of its common stock upon the consummation of the merger of Signature Office REIT, Inc. in June 2015 and 174,981,547 Class E shares (in exchange for all outstanding shares of EA-1's common stock at the time of the Mergers) in April 2019 upon the consummation of the Mergers. As of June 30, 2020, there were 229,897,937 shares outstanding, including shares issued pursuant to the DRP, less shares redeemed pursuant to the SRP and the self-tender offer, which occurred in May 2019. Temporary Suspension of Follow-On Offering, SRP and DRP In connection with a potential strategic transaction, on February 26, 2020, the Company’s Board approved the temporary suspension of (i) the primary portion of the Company’s Follow-On Offering, effective February 27, 2020; (ii) the Company’s SRP, effective March 28, 2020; and (iii) the Company’s DRP, effective March 8, 2020. Redemptions sough t upon a stockholder's death, qualifying disability, or determination of incompetence or incapacitation were honored in the first quarter of 2020 in accordance with the terms of the SRP, and the SRP officially was suspended as of March 28, 2020. The Board reserves the right to recommence the Follow-On Offering, if appropriate and at the appropriate time. See Note 15, Subsequent Events , for the updated status of the DRP and SRP. Distribution Reinvestment Plan (DRP) The Company has adopted the DRP, which allows stockholders to have dividends and other distributions otherwise distributable to them invested in additional shares of common stock. No sales commissions or dealer manager fees will be paid on shares sold through the DRP, but the DRP shares will be charged the applicable distribution fee payable with respect to all shares of the applicable class. The purchase price per share under the DRP is equal to the net asset value ("NAV") per share applicable to the class of shares purchased, calculated using the most recently published NAV available at the time of reinvestment. The Company may amend or terminate the DRP for any reason at any time upon 10 days' prior written notice to stockholders, which may be provided through the Company's filings with the SEC. See Note 15, Subsequent Events , for the status of the DRP. As of June 30, 2020 and December 31, 2019, the Company had issued approximately $305.8 million and $293.7 million in shares pursuant to the DRP, respectively. Share Redemption Program (SRP) The Company has adopted the SRP that enables stockholders to sell their stock to the Company in limited circumstances. On August 8, 2019, the Company's Board amended and restated its SRP, effective as of September 12, 2019, in order to (i) clarify that only those stockholders who purchased their shares from us or received their shares from the Company (directly or indirectly) through one or more non-cash transactions (including transfers to trusts, family members, etc.) may participate in the SRP; (ii) allocate capacity within each class of common stock such that the Company may redeem up to 5% of t he aggregate NAV of each class of common stock; (iii) treat all unsatisfied redemption requests (or portion thereof) as a request for redemption the following quarter unless otherwise withdrawn; and (iv) make certain other clarifying changes. On November 7, 2019, Board amended and restated the SRP, effective as of December 12, 2019, in order to (i) provide for redemption sought upon a stockholder’s determination of incompetence or incapacitation; (ii) clarify the circumstances under which a determination of incompetence or incapacitation will entitle a stockholder to such redemption; and (iii) make certain other clarifying changes. Under the SRP, the Company will redeem shares as of the last business day of each quarter. The redemption price will be equal to the NAV per share for the applicable class generally on the 13th day of the month prior to quarter end (which will be the most recently published NAV). Redemption requests must be received by 4:00 p.m. (Eastern time) on the second to last business day of the applicable quarter. Redemption requests exceeding the quarterly cap will be filled on a pro rata basis. With 9 . Equity (continued) respect to any pro rata treatment, redemption requests following the death or qualifying disability of a stockholder will be considered first, as a group, followed by requests where pro rata redemption would result in a stockholder owning less than the minimum balance of $2,500 of shares of the Company's common stock, which will be redeemed in full to the extent there are available funds, with any remaining available funds allocated pro rata among all other redemption requests. All unsatisfied redemption requests must be resubmitted after the start of the next quarter, or upon the recommencement of the SRP, as applicable. There are several restrictions under the SRP. Stockholders generally have to hold their shares for one year before submitting their shares for redemption under the program; however, the Company will waive the one-year holding period in the event of the death or qualifying disability of a stockholder. Shares issued pursuant to the DRP are not subject to the one-year holding period. In addition, the SRP generally imposes a quarterly cap on aggregate redemptions of the Company's shares equal to a value of up to 5% of the aggregate NAV of the outstanding shares as of the last business day of the previous quarter, subject to the further limitations as indicated in the August 8, 2019 amendments discussed above. As the value on the aggregate redemptions of the Company's shares is outside the Company's control, the 5% quarterly cap is considered to be temporary equity and is presented as the common stock subject to redemption on the accompanying consolidated balance sheets. The following table summarizes share redemption (excluding the self-tender offer) activity during the three and six months ended June 30, 2020 and 2019: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Shares of common stock redeemed 301 — 548,613 — Weighted average price per share $ 9.33 $ — $ 9.32 $ — S ince July 31, 2014 and through June 30, 2020, the Company had redeemed 24,779,178 shares (excluding the self-tender offer) of common stock for approximately $233.8 million at a weighted average price per share of $9.44 pursuant to the SRP. Since July 31, 2014 and through December 31, 2019, the Company had honored all outstanding redemption requests. During the three months ended September 30, 2019, redemption requests for Class E shares exceeded the quarterly 5% per share class limitation by 2,872,488 shares or approximately $27.4 million. The Class E shares not redeemed during that quarter, or 25% of the shares submitted, were treated as redemption requests for the quarter ended December 31, 2019. All outstanding requests for the quarter ended September 30, 2019 and all new requests for the quarter ended December 31, 2019 were honored on January 2, 2020. Redemptions sought upon a stockholder's death, qualifying disability, or determination of incompetence or incapacitation in the first quarter of 2020 were honored in accordance with the terms of the SRP, and the SRP officially was suspended as of March 28, 2020 for regular redemptions and subsequent redemptions for death, qualifying disability, or determination of incompetence or incapacitation after those honored in the first quarter of 2020 . During the six months ended June 30, 2020, the Company received redemption requests (including those due to death, disability or incapacitation) for 5,079,176 shares of common stock that were not redeemed due to the suspension of the SRP. See Note 15, Subsequent Events, for the status of the SRP. Issuance of Restricted Stock Units to Executive Officers and Employees On January 15, 2020, the Company issued 589,248 RSUs to Company employees, including officers, under the Griffin Capital Essential Asset REIT, Inc. Employee and Director Long-Term Incentive Plan (as amended, the "LTIP"). Each RSU represents a contingent right to receive one share of the Company’s Class E Common Stock when settled in accordance with the terms of the respective Restricted Stock Unit Award Agreement and will vest in equal, 25% installments on each of December 31, 2020, 2021, 2022, and 2023 provided that the employee continues to be employed by the Company on each such date, subject to certain accelerated vesting provisions as provided in the respective Restricted Stock Unit Award Agreement. The fair value of grants issued was approximately $5.5 million. A total of 3,209 shares were forfeited during the six months ended June 30, 2020. 9 . Equity (continued) Issuance of Restricted Stock to Directors On June 15, 2020, the Company issued 8,055 shares of restricted stock to each of the Company's independent directors upon his or her reelection to the Company’s Board. Half of the restricted shares vested upon issuance, and the remaining half will vest upon the first anniversary of the grant date, subject to the independent director’s continued service as a director during such vesting period.

Noncontrolling Interests

Noncontrolling Interests	6 Months Ended
	Jun. 30, 2020
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests Noncontrolling interests represent limited partnership interests in the Current Operating Partnership in which the Company is the general partner. General partnership units and limited partnership units of the Current Operating Partnership were issued as part of the initial capitalization of the EA-1 Operating Partnership and GCEAR II Operating Partnership, in conjunction with members of management's contribution of certain assets, other contributions, and in connection with the Self-Administration Transaction as discussed in Note 1, Organization . As of June 30, 2020, noncontrolling interests were approximately 12.20% of total shares and 12.02% of weighted average shares outstanding (both measures assuming OP Units were converted to common stock). The Company has evaluated the terms of the limited partnership interests in the Current Operating Partnership, and as a result, has classified limited partnership interests issued in the initial capitalization, in conjunction with the contributed assets and in connection with the Self-Administration Transaction, as noncontrolling interests, which are presented as a component of permanent equity, except as discussed below. 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 has been 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. As of June 30, 2020, the limited partners of the Current Operating Partnership owned approximatel y 31.9 million OP Units, which were issued to affiliated parties and unaffiliated third parties in exchange for certain properties, and in connection with the Self-Administration Transaction and other services. Approximately 20.4 million OP Units issued to affiliates have a mandatory hold period until December 2020 and have no voting rights until the units are converted to common shares. In addition, 0.2 million OP Units were issued to unaffiliated third parties unrelated to property contributions. To the extent the contributors should elect to redeem all or a portion of their Current Operating Partnership units, pursuant to th e terms of the respective contribution agreement, such redemption shall be at a per unit value equivalent to the price at which the contributor acquired its OP Units in the respective transaction. The limited partners of the Current Operating Partnership, other than those related to the Will Partners REIT, LLC ("Will Partners" property) contribution, will have the right to cause the general partner of the Current Operating Partnership, the Company, to redeem their OP Units for cash equal to the value of an equivalent number of shares, or, at the Company’s option, purchase their OP Units by issuing one share of the Company’s common stock for the original redemption value of each limited partnership unit redeemed. The Company has the control and ability to settle such requests in shares. These rights may not be exercised under certain circumstances which could cause the Company to lose its REIT election. There were 55,946 OP Units redeemed during the six months ended June 30, 2020 and 6,000 units redeemed during the year ended December 31, 2019 . 10. Noncontrolling Interests (continued) The following summarizes the activity for noncontrolling interests recorded as equity for the six months ended June 30, 2020 and year ended December 31, 2019: Six Months Ended June 30, 2020 Year Ended December 31, 2019 Beginning balance $ 245,040 $ 232,203 Contributions/issuance of noncontrolling interests — 30,039 Reclass of noncontrolling interest subject to redemption 253 — Repurchase of noncontrolling interest (496) — Issuance of stock dividend for noncontrolling interest 1,068 1,861 Distributions to noncontrolling interests (7,800) (19,716) Allocated distributions to noncontrolling interests subject to redemption (17) (42) Net income 568 3,749 Other comprehensive loss (4,464) (3,054) Ending balance $ 234,152 $ 245,040 Noncontrolling interests subject to redemption Operating partnership units issued pursuant to the Will Partners property contribution are not included in permanent equity on the consolidated balance sheets. The partners holding these units can cause the general partner to redeem the units for the cash value, as defined in the Current Operating Partnership agreement. As the general partner does not control these redemptions, these units are presented on the consolidated balance sheets as noncontrolling interest subject to redemption at their redeemable value. The net income (loss) and distributions attributed to these limited partners is allocated proportionately between common stockholders and other noncontrolling interests that are not considered redeemable.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Summarized below are the related party costs incurred by the Company for the six months ended June 30, 2020 and 2019, respectively, and any related amounts payable and receivable as of June 30, 2020 and December 31, 2019: Incurred for the Six Months Ended Receivable as of June 30, June 30, December 31, 2020 2019 2020 2019 Assets Assumed through the Self-Administration Transaction Cash to be received from an affiliate related to deferred compensation and other payroll costs $ — $ 658 $ — $ — Other fees 64 — 114 352 Due from GCC Reimbursable Expense Allocation 16 — 5 4 Payroll/Expense Allocation 199 251 680 481 Due from Affiliates Payroll/Expense Allocation — 1,217 — — O&O Costs (including payroll allocated to O&O) — 157 — — Other Fees — 6,375 — — Total $ 279 $ 8,658 $ 799 $ 837 Incurred for the Six Months Ended Payable as of June 30, June 30, December 31, 2020 2019 2020 2019 Expensed Operating expenses $ — $ 724 $ — $ — Costs advanced by the advisor 994 2,545 1,029 1,164 Consulting fee - shared services 1,250 — 568 441 Capitalized Leasing commissions — 2,540 — — Assumed through Self- Administration Transaction/Mergers Earn-out — — 338 2,919 Stockholder Servicing Fee — — 3,205 4,994 Other fees — 20 — — Other Distributions 6,169 — 712 1,365 Total $ 8,413 $ 5,829 $ 5,852 $ 10,883 Dealer Manager Agreement GCEAR entered into a dealer manager agreement and associated form of participating dealer agreement (the "Dealer Manager Agreement") with the dealer manager. The terms of the Dealer Manager Agreement are substantially similar to the terms of the dealer manager agreement from GCEAR's initial public offering ("IPO"), except as it relates to the share classes offered and the fees to be received by the dealer manager. Distribution Fees Subject to the Financial Industry Regulatory Authority, Inc.'s limitations on underwriting compensation, under the Dealer Manager Agreement the Company will pay the dealer manager a distribution fee for ongoing services rendered to stockholders by participating broker-dealers or broker-dealers servicing investors’ accounts, referred to as servicing broker-dealers. The fee accrues daily and is paid monthly in arrears and is calculated based on the average daily NAV for the applicable month (the “Average NAV”). Conflicts of Interest Affiliated Dealer Manager Since Griffin Capital Securities, LLC, the Company's dealer manager, is an affiliate of the Company's former sponsor, the Company does not have the benefit of an independent due diligence review and investigation of the type normally performed by an unaffiliated, independent underwriter in connection with the offering of securities. The Company's dealer manager is also serving as the dealer manager for Griffin-American Healthcare REIT III, Inc. ("GAHR III") and Griffin-American Healthcare REIT IV, Inc. ("GAHR IV"), each of which are publicly-registered, non-traded REITs, as wholesale marketing agent for Griffin Institutional Access Real Estate Fund (“GIA Real Estate Fund”) and Griffin Institutional Access Credit Fund ("GIA Credit Fund") both of which are non-diversified, closed-end management investment companies that are operated as interval funds under the 1940 Act, and as dealer manager or master placement agent for various private offerings, which will result in competing demands for the Company's dealer manager's time and efforts relating to the distribution of the Company's shares. Administrative Services Agreement In connection with the Mergers, the Company assumed, as the successor of EA-1 and the EA-1 Operating Partnership, an Administrative Services Agreement (the "Administrative Services Agreement"), pursuant to which GCC and GC LLC continue to provide office space and certain operational and administrative services at cost to the Company's Current Operating Partnership, Griffin Capital Essential Asset TRS, Inc., and GRECO, which may include, without limitation, the shared 11. Related Party Transactions (continued) information technology, human resources, legal, due diligence, marketing, customer service, events, operations, accounting and administrative support services set forth in the Administrative Services Agreement. The Company pays GCC a monthly amount based on the actual costs anticipated to be incurred by GCC for the provision of such office space and services until the Company elects to provide such space and/or services for itself or through another provider, which amount is initially $187,167 per month, based on an approved budget. Such costs are reconciled quarterly and a full review of the costs will be performed at least annually. In addition, the Company will directly pay or reimburse GCC for the actual cost of any reasonable third-party expenses incurred in connection with the provision of such services. Certain Conflict Resolution Procedures Every transaction that the Company enters into with the Company's dealer manager or its affiliates is subject to an inherent conflict of interest. The Board may encounter conflicts of interest in enforcing the Company's rights against any affiliate in the event of a default by or disagreement with an affiliate or in invoking powers, rights or options pursuant to any agreement between the Company and the Company's dealer manager or any of its affiliates. For detailed list of the various restrictions in the Company's charter, see the Company's 2019 Annual Report on Form 10-K filed on March 4, 2020.

Operating Leases

Operating Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Operating Leases	Operating Leases Lessor The Company leases commercial and industrial space to tenants primarily under non-cancelable operating leases that generally contain provisions for minimum base rents plus reimbursement for certain operating expenses. Total minimum lease payments are recognized in rental income on a straight-line basis over the term of the related lease and estimated reimbursements from tenants for real estate taxes, insurance, common area maintenance and other recoverable operating expenses are recognized in rental income in the period that the expenses are incurred. The Company recognized $155.7 million and $132.5 million of lease income related to operating lease payments for the six months ended June 30, 2020 and 2019, respectively. The following table sets forth the undiscounted cash flows for future minimum base rents to be received under operating leases as of June 30, 2020. The Company's current leases have expirations ranging from 2020 to 2044. As of June 30, 2020 Remaining 2020 $ 145,369 2021 303,628 2022 305,905 2023 292,005 2024 251,481 Thereafter 1,137,810 Total $ 2,436,198 The future minimum base rents in the table above excludes tenant reimbursements of operating expenses, amortization of adjustments for deferred rent receivables and the amortization of above/below-market lease intangibles. Lessee As of June 30, 2020, the Company leased three parcels of land located in Arizona under long-term ground leases with expiration dates of September 2102, December 2095, and September 2102 with no options to renew. The Company leases office space as part of conducting day-to-day business in Chicago. The Company's office space lease has a remaining lease term of approximatel y six years and no option to renew. 12. Operating Leases (continued) The Company incurred operating lease costs of approximately $0.9 million, and $0.6 million for the three months ended June 30, 2020 and 2019, respectively, which are included in "Property Operating Expense" in the accompanying consolidated statement of operations. Total cash paid for amounts included in the measurement of operating lease liabilities was $0.4 million and $0.3 million for three months ended June 30, 2020 and 2019, respectively. The Company incurred operating lease costs of approximately $1.8 million, and $1.3 million for the six months ended June 30, 2020 and 2019, respectively, which are included in "Property Operating Expense" in the accompanying consolidated statement of operations. Total cash paid for amounts included in the measurement of operating lease liabilities wa s $0.8 million and $0.5 million for the six months ended June 30, 2020 and 2019, respectively. Lease Term and Discount Rate As of June 30, 2020 Weighted-average remaining lease term in years. 80.5 Weighted-average discount rate (1) 4.98 % (1) Because the rate implicit in each of the Company's leases was not readily determinable, the Company used an incremental borrowing rate. In determining the Company's incremental borrowing rate for each lease, the Company considered recent rates on secured borrowings, observable risk-free interest rates and credit spreads correlating to the Company's creditworthiness, the impact of collateralization and the term of each of the Company's lease agreements. Maturities of lease liabilities as of June 30, 2020 were as follows: June 30, 2020 Remaining 2020 $ 815 2021 1,632 2022 1,675 2023 1,741 2024 1,776 Thereafter 286,738 Total undiscounted lease payments 294,377 Less: imputed interest (249,048) Total lease liabilities $ 45,329
Operating Leases	Operating Leases Lessor The Company leases commercial and industrial space to tenants primarily under non-cancelable operating leases that generally contain provisions for minimum base rents plus reimbursement for certain operating expenses. Total minimum lease payments are recognized in rental income on a straight-line basis over the term of the related lease and estimated reimbursements from tenants for real estate taxes, insurance, common area maintenance and other recoverable operating expenses are recognized in rental income in the period that the expenses are incurred. The Company recognized $155.7 million and $132.5 million of lease income related to operating lease payments for the six months ended June 30, 2020 and 2019, respectively. The following table sets forth the undiscounted cash flows for future minimum base rents to be received under operating leases as of June 30, 2020. The Company's current leases have expirations ranging from 2020 to 2044. As of June 30, 2020 Remaining 2020 $ 145,369 2021 303,628 2022 305,905 2023 292,005 2024 251,481 Thereafter 1,137,810 Total $ 2,436,198 The future minimum base rents in the table above excludes tenant reimbursements of operating expenses, amortization of adjustments for deferred rent receivables and the amortization of above/below-market lease intangibles. Lessee As of June 30, 2020, the Company leased three parcels of land located in Arizona under long-term ground leases with expiration dates of September 2102, December 2095, and September 2102 with no options to renew. The Company leases office space as part of conducting day-to-day business in Chicago. The Company's office space lease has a remaining lease term of approximatel y six years and no option to renew. 12. Operating Leases (continued) The Company incurred operating lease costs of approximately $0.9 million, and $0.6 million for the three months ended June 30, 2020 and 2019, respectively, which are included in "Property Operating Expense" in the accompanying consolidated statement of operations. Total cash paid for amounts included in the measurement of operating lease liabilities was $0.4 million and $0.3 million for three months ended June 30, 2020 and 2019, respectively. The Company incurred operating lease costs of approximately $1.8 million, and $1.3 million for the six months ended June 30, 2020 and 2019, respectively, which are included in "Property Operating Expense" in the accompanying consolidated statement of operations. Total cash paid for amounts included in the measurement of operating lease liabilities wa s $0.8 million and $0.5 million for the six months ended June 30, 2020 and 2019, respectively. Lease Term and Discount Rate As of June 30, 2020 Weighted-average remaining lease term in years. 80.5 Weighted-average discount rate (1) 4.98 % (1) Because the rate implicit in each of the Company's leases was not readily determinable, the Company used an incremental borrowing rate. In determining the Company's incremental borrowing rate for each lease, the Company considered recent rates on secured borrowings, observable risk-free interest rates and credit spreads correlating to the Company's creditworthiness, the impact of collateralization and the term of each of the Company's lease agreements. Maturities of lease liabilities as of June 30, 2020 were as follows: June 30, 2020 Remaining 2020 $ 815 2021 1,632 2022 1,675 2023 1,741 2024 1,776 Thereafter 286,738 Total undiscounted lease payments 294,377 Less: imputed interest (249,048) Total lease liabilities $ 45,329

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
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	6 Months Ended
	Jun. 30, 2020
Declaration of Distributions [Abstract]
Declaration of Distributions	Declaration of DistributionOn March 30, 2020, the Board elected to change from a quarterly to a monthly declaration of distributions commencing in April 2020 in order to give the Board maximum flexibility due to the current review of a strategic transaction and to monitor and evaluate the situation related to the financial impact of COVID-19 pandemic. As noted elsewhere, the Company is continuing to closely monitor the impact of the COVID-19 pandemic and believes it is prudent to enact a more conservative cash management strategy due to the current environment. In light of these considerations, on March 30, 2020, April 28, 2020, May 28, 2020, and June 15, 2020, the Board declared cash distributions in the amount of $0.000956284 per day ($0.35 per share annualized), subject to adjustments for class-specific expenses, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock, for stockholders of such classes as of the close of each business day of the period from April 1, 2020 through April 30, 2020, from May 1, 2020 through May 31, 2020, from June 1, 2020 through June 30, 2020, and from July 1, 2020 through July 31, 2020, respectively. The Company paid such distributions to each stockholder of record on May 1, 2020, June 1, 2020, July 1, 2020, and August 3, 2020, respectively. 14. Declaration of Distributions (continued) On April 1, 2020, the Company paid cash distributions for the month of March 2020 in the amount of $0.001502732 per day, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock for stockholders of such classes as of the close of each business day during the period from March 1, 2020 through March 31, 2020.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Cash Distributions On July 28, 2020, the Board declared cash distributions for the month of August 2020 of $0.000956284 per day ($0.35 per share annualized), subject to adjustments for class-specific expenses, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock, for stockholders of record at the close of each business day for the period commencing on August 1, 2020 and ending on August 31, 2020. The Company will pay such distributions to each stockholder of record at such time in September 2020 as determined by the Company’s Chief Executive Officer. Amendment and Reinstatement of DRP and Partial Reinstatement of SRP Because the COVID-19 pandemic continues to have a material adverse impact on global commercial real estate activity, contributing to widespread market volatility and economic uncertainty, the Company's potential strategic transaction seems more uncertain at this time. In light of these considerations, on July 16, 2020, the Board approved the (i) reinstatement of the DRP, effective July 27, 2020; (ii) amendment of the DRP to allow for the use of the most recently published NAV per share of the applicable share class available at the time of reinvestment as the DRP purchase price for each share class; and (iii) partial reinstatement of the SRP, effective August 17, 2020, subject to the following limitations: (A) redemptions will be limited to those sought upon a stockholder's death, qualifying disability, or determination of incompetence or incapacitation in accordance with the terms of the SRP, and (B) the quarterly cap on aggregate redemptions will be equal to the aggregate NAV, as of the last business day of the previous quarter, of the shares issued pursuant to the DRP during such quarter. Settlements of share redemptions will be made within the first three business days of the following quarter. COVID-19 Subsequent to June 30, 2020, the global and U.S. economies continue to be severely impacted by the COVID-19 pandemic. The consequences of the pandemic and its impact on the economy continue to evolve and the full extent of the impact is uncertain as of the date of this filing. The extent to which the COVID-19 pandemic impacts the Company’s results will depend on future developments that are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity of COVID-19 pandemic and the actions taken to contain it or treat its impact. In recent months, the Company continues to take certain affirmative steps which the Company believes helps to position the Company in a manner that will assist the Company in withstanding the current uncertainty relating to the COVID-19 pandemic, including the following: • Proactively communicating with the Company's tenants and property managers to ensure lines of communication remain open related to operations and safety protocols prior to and related to decisions to return to work in accordance with various jurisdictional guidelines; • Monitoring the near-term solvency and liquidity of the Company's tenants and the extent to which the COVID-19 pandemic may impact their business; • Regularly communicating with KeyBank regarding availability under the Company's Revolving Credit Facility, which affords the Company with substantial current liquidity; • Continuing to closely monitor the Company's cash flow projections and actively updating its projections based upon current information, as well as testing for future contingencies; and • Continuing to evaluate a potential strategic transaction, as well as monitoring market opportunities that could enhance our long-term value and performance. The Company is currently working with certain tenants that have requested rent relief due to the impact of the COVID-19 pandemic to determine appropriate lease concessions. To date, two lease concessions have been granted. On April 10, 2020, the FASB issued a Staff Q&A to respond to some frequently asked questions about accounting for lease concessions related to the effects of the outbreak of COVID-19 pandemic. Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance to those contracts. Entities may make the elections for any lessor-provided concessions related to the effects of the COVID-19 pandemic (e.g., deferrals of lease payments, cash payments made to the lessee, reduced future lease payments) as long as the concession does not result in a substantial increase in the rights of the lessor or the obligations of the lessee. The Company will continue to evaluate the impact of lease concessions and the appropriate accounting for those concessions. See “Item 1A. Risk Factors” within “Part II - Other Information” of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 for a discussion about risks that COVID-19 directly or indirectly may pose to the Company's business.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Accounting	The accompanying unaudited consolidated financial statements of the Company are prepared by management on the accrual basis of accounting and in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information as contained in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), and in conjunction with rules and regulations of the SEC. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements.
Consolidation	The consolidated financial statements of the Company include all accounts of the Company, the Current Operating Partnership, and its subsidiaries. Intercompany transactions are not shown on the consolidated statements. However, each property-owning entity is a wholly-owned subsidiary which is a special purpose entity ("SPE"), whose assets and credit are not available to satisfy the debts or obligations of any other entity, except to the extent required with respect to any co-borrower or guarantor under the same credit facility.
Use of Estimates	Use of Estimates The preparation of the unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.
Per Share Data	Per Share DataThe 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.
Segment Information	Segment Information ASC 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.
Goodwill	GoodwillGoodwill represents the excess of consideration paid over the fair value of underlying identifiable net assets of business acquired. The Company's goodwill has an indeterminate life and is not amortized, but is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company takes a qualitative approach to consider whether an impairment of goodwill exists prior to quantitatively determining the fair value of the reporting unit in step one of the impairment test. The Company performs its annual assessment on October 1st.
Recently Issued Accounting Pronouncements and Adoption of New Accounting Pronouncements	Recently Issued Accounting Pronouncements Changes to GAAP are established by the FASB in the form of ASUs to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. Other than the ASUs discussed below, the FASB has not recently issued any other ASUs that the Company expects to be applicable and have a material impact on the Company's financial statements. Adoption of New Accounting Pronouncements During the first quarter of 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. During the first quarter of 2020,

Real Estate (Tables)

Real Estate (Tables)	6 Months Ended
	Jun. 30, 2020
Real Estate [Abstract]
Schedule of Property Acquisition	The purchase price and other acquisition items for the property acquired during the six months ended June 30, 2020 are shown below: Property Location Tenant/Major Lessee Acquisition Date Purchase Price Square Feet Acquisition Fees and Expenses Year of Lease Expiration Pepsi Bottling Ventures North Carolina PepsiCo 2/5/2020 $34,937 526,320 $386 2032
Schedule of Asset Acquisition	The following table summarizes the purchase price allocation of the property acquired during the six months ended June 30, 2020. Property Land Building Improvements Tenant origination and absorption costs In-place lease valuation - (below) / market Debt discount / (premium) Total (1) Pepsi Bottling Ventures $3,407 $26,813 $954 $4,970 $(712) $(109) $35,323 (1) The allocations noted above are based on a determination of the relative fair value of the total consideration provided and represent the amount paid including capitalized acquisition costs.
Schedule of In-Place Lease Valuation and Tenant Origination and Absorption Cost	The Company allocated a portion of the acquired and contributed real estate asset value to in-place lease valuation, tenant origination and absorption cost, and other intangibles, net of the write-off of intangibles, as of June 30, 2020 and December 31, 2019: 3. Real Estate (continued) June 30, 2020 December 31, 2019 In-place lease valuation (above market) $ 43,606 $ 44,012 In-place lease valuation (above market) - accumulated amortization (34,415) (33,322) In-place lease valuation (above market), net $ 9,191 $ 10,690 Ground leasehold interest (below market) 2,254 2,254 Ground leasehold interest (below market) - accumulated amortization (178) (164) Ground leasehold interest (below market), net 2,076 2,090 Intangible assets, net $ 11,267 $ 12,780 In-place lease valuation (below market) $ (68,334) $ (67,622) Land Leasehold interest (above market) (3,073) (3,073) In-place lease valuation & land leasehold interest - accumulated amortization 41,645 38,890 Intangible liabilities, net $ (29,762) $ (31,805) Tenant origination and absorption cost $ 745,039 $ 744,773 Tenant origination and absorption cost - accumulated amortization (384,129) (354,379) Tenant origination and absorption cost, net $ 360,910 $ 390,394
Schedule of Estimated Annual Amortization (Income) Expense	The following table sets forth the estimated annual amortization (income) expense for in-place lease valuation, net, tenant origination and absorption costs, ground leasehold improvements, and other leasing costs as of June 30, 2020 for the next five years: Year In-place lease valuation, net Tenant origination and absorption costs Ground leasehold interest Other leasing costs Remaining 2020 $ (1,051) $ 29,809 $ (146) $ 2,659 2021 $ (2,118) $ 57,995 $ (290) $ 5,911 2022 $ (2,519) $ 54,892 $ (290) $ 5,916 2023 $ (2,466) $ 50,095 $ (290) $ 5,788 2024 $ (1,649) $ 37,730 $ (291) $ 5,553 2025 $ (1,182) $ 27,445 $ (290) $ 5,439
Restrictions on Cash and Cash Equivalents	Additionally, an ongoing replacement reserve is funded by certain tenants pursuant to each tenant’s respective lease as follows: Balance as of June 30, 2020 December 31, 2019 Cash reserves $ 21,572 $ 48,129 Restricted Lockbox 12,071 10,301 Total $ 33,643 $ 58,430

Investments in Unconsolidated_2

Investments in Unconsolidated Entities (Tables)	6 Months Ended
	Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Investments	As of June 30, 2020, the balance of the investments are shown below: Digital Realty Heritage Total Balance as of December 31, 2019 $ 10,584 $ 444 $ 11,028 Net loss (165) — (165) Distributions (4,863) — (4,863) Impairment (1,907) — (1,907) June 30, 2020 $ 3,649 $ 444 $ 4,093

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Debt	As of June 30, 2020 and December 31, 2019, the Company’s debt consisted of the following: June 30, 2020 December 31, 2019 Contractual Interest Rate (1) Loan Effective Interest Rate (2) HealthSpring Mortgage Loan $ 20,468 $ 20,723 4.18% April 2023 4.61% Midland Mortgage Loan 99,213 100,249 3.94% April 2023 4.12% Emporia Partners Mortgage Loan 1,869 2,104 5.88% September 2023 5.97% Samsonite 20,667 21,154 6.08% September 2023 5.12% Highway 94 loan 15,154 15,610 3.75% August 2024 4.76% Pepsi Bottling Ventures Loan 18,766 — 3.69% October 2024 3.91% AIG Loan II 126,970 126,970 4.15% November 2025 4.92% BOA Loan 375,000 375,000 3.77% October 2027 3.91% BOA/KeyBank Loan 250,000 250,000 4.32% May 2028 4.14% AIG Loan 104,828 105,762 4.96% February 2029 5.08% Total Mortgage Debt 1,032,935 1,017,572 Revolving Credit Facility (3) 401,500 211,500 LIBO Rate + 1.45% June 2023 1.74% 2023 Term Loan 200,000 200,000 LIBO Rate + 1.40% June 2023 1.67% 2024 Term Loan 400,000 400,000 LIBO Rate + 1.40% April 2024 1.66% 2026 Term Loan 150,000 150,000 LIBO Rate + 1.75% April 2026 1.98% Total Debt 2,184,435 1,979,072 Unamortized Deferred Financing Costs and Discounts, net (8,916) (9,968) Total Debt, net $ 2,175,519 $ 1,969,104 (1) Including the effect of the interest rate swaps agreements with a total notional amount of $750.0 million, the weighted average interest rate as of June 30, 2020 was 3.26% for both the Company’s fixed-rate and variable-rate debt combined and 3.62% for the Company’s fixed-rate debt only. (2) Reflects the effective interest rate as of June 30, 2020 and includes the effect of amortization of discounts/premiums and deferred financing costs. two one

Interest Rate Contracts (Tables

Interest Rate Contracts (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Interest Rate Swaps	The following table sets forth a summary of the interest rate swaps at June 30, 2020 and December 31, 2019: Fair Value (1) Current Notional Amounts Derivative Instrument Effective Date Maturity Date Interest Strike Rate June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Liabilities: Interest Rate Swap 7/9/2015 7/1/2020 1.69% $ — $ (43) $ 425,000 $ 425,000 Interest Rate Swap 3/10/2020 7/1/2025 0.83% (3,256) — 150,000 — Interest Rate Swap 3/10/2020 7/1/2025 0.84% (2,223) — 100,000 — Interest Rate Swap 3/10/2020 7/1/2025 0.86% (1,737) — 75,000 — Interest Rate Swap 7/1/2020 7/1/2025 2.82% (15,859) (7,038) 125,000 125,000 Interest Rate Swap 7/1/2020 7/1/2025 2.82% (12,714) (5,651) 100,000 100,000 Interest Rate Swap 7/1/2020 7/1/2025 2.83% (12,722) (5,665) 100,000 100,000 Interest Rate Swap 7/1/2020 7/1/2025 2.84% (12,807) (5,749) 100,000 100,000 Total $ (61,318) $ (24,146) $ 1,175,000 $ 850,000 (1) The Company records all derivative instruments on a gross basis in the consolidated balance sheets, and accordingly, there are no offsetting amounts that net assets against liabilities. As of June 30, 2020, derivatives in a liability position are included in the line item "Interest rate swap liability", in the consolidated balance sheets at fair value.
Impact of Interest Rate Swap on Consolidated Statements of Operation	The following table sets forth the impact of the interest rate swaps on the consolidated statements of operations for the periods presented: Six Months Ended June 30, 2020 2019 Interest Rate Swap in Cash Flow Hedging Relationship: Amount recognized in AOCI on derivatives $ (38,723) $ (19,107) Amount of loss (gain) reclassified from AOCI into earnings under “Interest expense” $ 1,613 $ (1,655) Total interest expense presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded $ 39,007 $ 34,082

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Liabilities	Accrued expenses and other liabilities consisted of the following as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Accrued CIP $ 27,504 $ 16,596 Prepaid tenant rent 19,527 20,510 Real estate taxes payable 14,558 13,385 Interest payable 10,252 12,264 Deferred compensation 8,263 9,209 Property operating expense payable 6,962 7,752 Other liabilities 22,551 16,673 Total $ 109,617 $ 96,389

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measure at Fair Value on a Recurring Basis	The following table sets forth the assets and liabilities that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of June 30, 2020 and December 31, 2019: Assets/(Liabilities) Total Fair Value Quoted Prices in Active Markets for Identical Assets and Liabilities Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2020 Interest Rate Swap Liability $ (61,318) $ — $ (61,318) $ — Earn-out Liability (due to affiliates) $ (338) $ — $ — $ (338) Corporate Owned Life Insurance Asset $ 4,007 $ — $ 4,007 $ — Mutual Funds Asset $ 5,563 $ 5,563 $ — $ — Deferred Compensation Liability $ (8,263) $ — $ (8,263) $ — December 31, 2019 Interest Rate Swap Liability $ (24,146) $ — $ (24,146) $ — Earn-out Liability (due to affiliates) $ (2,919) $ — $ — $ (2,919) Corporate Owned Life Insurance Asset $ 2,134 $ — $ 2,134 $ — Mutual Funds Asset $ 6,983 $ 6,983 $ — $ — Deferred Compensation Liability $ (9,209) $ — $ (9,209) $ —
Quantitative Information Related to Non-recurring Fair Value Measurements for Impairment	The following table is a summary of the quantitative information related to the non-recurring fair value measurement for the impairment of the Company's real estate properties as of June 30, 2020. Range of Inputs or Inputs June 30, 2020 Unobservable Inputs: 2200 Channahon Road Houston Westway I Market rent per square foot $2.00 to $3.00 $15.00 to $17.00 Terminal capitalization rate 9.75% 7.75% Discount rate 14.00% 9.00% 8. Fair Value Measurements (continued) Range of Inputs or Inputs Unobservable Inputs: June 30, 2020 Market rent per kilowatt-hour (kWh) $90.00 to $100.00 Terminal capitalization rate 6.00% Discount rate 6.75%
Schedule of Carrying Values and Estimated Fair Values of Financial Instruments	The fair value o f the ten mortgage loa ns in the table below is estimated by discounting each 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 debt 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. June 30, 2020 December 31, 2019 Fair Value Carrying Value (1) Fair Value Carrying Value (1) BOA $ 355,791 $ 375,000 $ 369,343 $ 375,000 BOA/KeyBank Loan $ 261,602 $ 250,000 $ 264,101 $ 250,000 AIG Loan II $ 122,907 $ 126,970 $ 122,258 $ 126,970 AIG Loan $ 102,889 $ 104,828 $ 101,663 $ 105,762 Midland $ 98,417 $ 99,213 $ 99,318 $ 100,249 Samsonite $ 21,723 $ 20,667 $ 22,103 $ 21,154 HealthSpring $ 20,724 $ 20,468 $ 20,868 $ 20,723 Pepsi Bottling Ventures $ 19,091 $ 18,766 $ — $ — Highway 94 loan $ 14,901 $ 15,154 $ 15,101 $ 15,610 Emporia Partners $ 1,893 $ 1,869 $ 2,105 $ 2,104 (1) The carrying values do not include the debt premium/(discount) or deferred financing costs as of June 30, 2020 and December 31, 2019. See Note 5, Debt

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of Share Redemption Activity	The following table summarizes share redemption (excluding the self-tender offer) activity during the three and six months ended June 30, 2020 and 2019: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Shares of common stock redeemed 301 — 548,613 — Weighted average price per share $ 9.33 $ — $ 9.32 $ —

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2020
Noncontrolling Interest [Abstract]
Schedule of Activity for Noncontrolling Interests	The following summarizes the activity for noncontrolling interests recorded as equity for the six months ended June 30, 2020 and year ended December 31, 2019: Six Months Ended June 30, 2020 Year Ended December 31, 2019 Beginning balance $ 245,040 $ 232,203 Contributions/issuance of noncontrolling interests — 30,039 Reclass of noncontrolling interest subject to redemption 253 — Repurchase of noncontrolling interest (496) — Issuance of stock dividend for noncontrolling interest 1,068 1,861 Distributions to noncontrolling interests (7,800) (19,716) Allocated distributions to noncontrolling interests subject to redemption (17) (42) Net income 568 3,749 Other comprehensive loss (4,464) (3,054) Ending balance $ 234,152 $ 245,040

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Summarized below are the related party costs incurred by the Company for the six months ended June 30, 2020 and 2019, respectively, and any related amounts payable and receivable as of June 30, 2020 and December 31, 2019: Incurred for the Six Months Ended Receivable as of June 30, June 30, December 31, 2020 2019 2020 2019 Assets Assumed through the Self-Administration Transaction Cash to be received from an affiliate related to deferred compensation and other payroll costs $ — $ 658 $ — $ — Other fees 64 — 114 352 Due from GCC Reimbursable Expense Allocation 16 — 5 4 Payroll/Expense Allocation 199 251 680 481 Due from Affiliates Payroll/Expense Allocation — 1,217 — — O&O Costs (including payroll allocated to O&O) — 157 — — Other Fees — 6,375 — — Total $ 279 $ 8,658 $ 799 $ 837 Incurred for the Six Months Ended Payable as of June 30, June 30, December 31, 2020 2019 2020 2019 Expensed Operating expenses $ — $ 724 $ — $ — Costs advanced by the advisor 994 2,545 1,029 1,164 Consulting fee - shared services 1,250 — 568 441 Capitalized Leasing commissions — 2,540 — — Assumed through Self- Administration Transaction/Mergers Earn-out — — 338 2,919 Stockholder Servicing Fee — — 3,205 4,994 Other fees — 20 — — Other Distributions 6,169 — 712 1,365 Total $ 8,413 $ 5,829 $ 5,852 $ 10,883

Operating Leases (Tables)

Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of Future Minimum Base Rents to be Received	The following table sets forth the undiscounted cash flows for future minimum base rents to be received under operating leases as of June 30, 2020. The Company's current leases have expirations ranging from 2020 to 2044. As of June 30, 2020 Remaining 2020 $ 145,369 2021 303,628 2022 305,905 2023 292,005 2024 251,481 Thereafter 1,137,810 Total $ 2,436,198
Schedule of Lease, Cost	Lease Term and Discount Rate As of June 30, 2020 Weighted-average remaining lease term in years. 80.5 Weighted-average discount rate (1) 4.98 % (1) Because the rate implicit in each of the Company's leases was not readily determinable, the Company used an incremental borrowing rate. In determining the Company's incremental borrowing rate for each lease, the Company considered recent rates on secured borrowings, observable risk-free interest rates and credit spreads correlating to the Company's creditworthiness, the impact of collateralization and the term of each of the Company's lease agreements.
Schedule of Remaining Required Payments Under Ground Leases	Maturities of lease liabilities as of June 30, 2020 were as follows: June 30, 2020 Remaining 2020 $ 815 2021 1,632 2022 1,675 2023 1,741 2024 1,776 Thereafter 286,738 Total undiscounted lease payments 294,377 Less: imputed interest (249,048) Total lease liabilities $ 45,329

Organization - Narrative (Detai

Organization - Narrative (Details) $ in Thousands		Sep. 20, 2017USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2020USD ($)propertyshares	Dec. 31, 2019USD ($)shares	Apr. 30, 2019shares	Jun. 30, 2015shares
Subsidiary, Sale of Stock [Line Items]
Limited liability partnership percentage of interest held (percent)				87.80%
Proceeds from sale of shares | $			$ 2,800,000	$ 2,800,000
Number of shares outstanding (in shares)				229,897,937	227,853,720
Shares issued | $	[1]			$ 230	$ 228
Sponsor and Affiliates
Subsidiary, Sale of Stock [Line Items]
Limited liability partnership percentage of interest held (percent)				10.60%
Number of properties contributed | property				5
Third Parties
Subsidiary, Sale of Stock [Line Items]
Limited liability partnership percentage of interest held (percent)				1.60%
Board Chairman
Subsidiary, Sale of Stock [Line Items]
Partnership units owned (in shares)				2,400,000
Common Class E
Subsidiary, Sale of Stock [Line Items]
Exchange ratio						1.04807
Partnership units issued ( in shares)						1
Number of shares outstanding (in shares)				155,093,984
Follow-on Offering
Subsidiary, Sale of Stock [Line Items]
Proceeds from issuance of private placement | $		$ 2,200,000		$ 96,900
Implied EA-1 common stock issued in consideration				10,142,771
Private Offering
Subsidiary, Sale of Stock [Line Items]
Proceeds from issuance of private placement | $		2,000,000
Implied EA-1 common stock issued in consideration				283,199,595			43,772,611
Private Offering | Common Class E
Subsidiary, Sale of Stock [Line Items]
Implied EA-1 common stock issued in consideration						174,981,547
Distribution Reinvestment Plan
Subsidiary, Sale of Stock [Line Items]
Proceeds from issuance of private placement | $		$ 200,000
Shares issued | $				$ 305,800	$ 293,700
[1]	See Note 9, Equity , for the number of shares outstanding of each class of common stock as of June 30, 2020.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details)	6 Months Ended
	Jun. 30, 2020segment
Accounting Policies [Abstract]
Number of reportable segments	1

Real Estate - Narrative (Detail

Real Estate - Narrative (Details) $ in Thousands	Jun. 30, 2020USD ($)statepropertyparcel	Jun. 30, 2020USD ($)propertyparcelstate	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)stateparcelproperty	Jun. 30, 2019USD ($)
Real Estate [Line Items]
Number of properties | property	99	99		99
Number of states | state	25	25		25
Number of land parcels held for future development | parcel	1	1		1
Purchase price	$ 4,200,000	$ 4,200,000		$ 4,200,000
Depreciation				46,198	$ 34,630
Amortization expense				34,831	36,241
Proceeds from disposition of properties				23,480	0
Gain from disposition of asset		4,268	$ 0	4,268	0
Impairment provision		$ 12,623	$ 0	12,623	$ 0
Number of properties impaired | property		2
Bank of America II Property
Real Estate [Line Items]
Proceeds from disposition of properties	24,500
Gain from disposition of asset	4,300
Bank of America II Property | Property
Real Estate [Line Items]
Carrying value of property	$ 19,600	$ 19,600		19,600
2200 Channahon Road and Houston Way I
Real Estate [Line Items]
Impairment provision				$ 12,600
Number of properties impaired | property				2
Discount Rate | Maximum
Real Estate [Line Items]
Discount rate (percent)	0.0625	0.0625		0.0625

Real Estate - Summary of Proper

Real Estate - Summary of Property Acquired (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)ft²
Real Estate [Line Items]
Purchase Price	$ 4,200,000
Pepsi Bottling Ventures
Real Estate [Line Items]
Purchase Price	$ 34,937
Square Feet | ft²	526,320
Acquisition Fees and Expenses	$ 386

Real Estate - Summary of Purcha

Real Estate - Summary of Purchase Price Allocation of Properties Acquired (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Real Estate [Line Items]
Land	$ 453,826	$ 458,339
In-place lease valuation (below market)	(68,334)	$ (67,622)
Pepsi Bottling Ventures
Real Estate [Line Items]
Land	3,407
Building	26,813
Improvements	954
Tenant origination and absorption costs	4,970
In-place lease valuation (below market)	(712)
Debt discount / (premium)	(109)
Total	$ 35,323

Real Estate - Intangibles (Deta

Real Estate - Intangibles (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule of in-place lease valuation
In-place lease valuation (above market)	$ 43,606	$ 44,012
In-place lease valuation (above market) - accumulated amortization	(34,415)	(33,322)
In-place lease valuation (above market), net	9,191	10,690
Ground leasehold interest (below market)	2,254	2,254
Ground leasehold interest (below market) - accumulated amortization	(178)	(164)
Ground leasehold interest (below market), net	2,076	2,090
Intangible assets, net	11,267	12,780
In-place lease valuation (below market)	(68,334)	(67,622)
Land Leasehold interest (above market)	(3,073)	(3,073)
In-place lease valuation & land leasehold interest - accumulated amortization	41,645	38,890
Intangible liabilities, net	(29,762)	(31,805)
Tenant origination and absorption cost	745,039	744,773
Tenant origination and absorption cost - accumulated amortization	(384,129)	(354,379)
Tenant origination and absorption cost, net	$ 360,910	$ 390,394

Real Estate - Leasing Costs For

Real Estate - Leasing Costs For Next Five Years (Details) $ in Thousands	Jun. 30, 2020USD ($)
In-place lease valuation, net
Remaining 2020	$ (1,051)
2021	(2,118)
2022	(2,519)
2023	(2,466)
2024	(1,649)
2025	(1,182)
Tenant origination and absorption costs
Remaining 2020	29,809
2021	57,995
2022	54,892
2023	50,095
2024	37,730
2025	27,445
Ground leasehold interest
Remaining 2020	(146)
2021	(290)
2022	(290)
2023	(290)
2024	(291)
2025	(290)
Other leasing costs
Remaining 2020	2,659
2021	5,911
2022	5,916
2023	5,788
2024	5,553
2025	$ 5,439

Real Estate - Restricted Cash (

Real Estate - Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Real Estate [Line Items]
Restricted cash	$ 33,643	$ 58,430
Real Estate Asset Acquisitions and Contributions
Real Estate [Line Items]
Restricted cash	33,643	58,430
Real Estate Asset Acquisitions and Contributions | Cash reserves
Real Estate [Line Items]
Restricted cash	21,572	48,129
Real Estate Asset Acquisitions and Contributions | Restricted Lockbox
Real Estate [Line Items]
Restricted cash	$ 12,071	$ 10,301

Investments in Unconsolidated_3

Investments in Unconsolidated Entities - Narrative (Details) $ in Thousands	1 Months Ended
	Sep. 30, 2014USD ($)ft²	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2018ft²
Schedule of Equity Method Investments [Line Items]
Assets		$ 4,243,322	$ 4,175,502
Outstanding letter of credit		$ 8,200
Heritage Commons X
Schedule of Equity Method Investments [Line Items]
Area of real estate property (in sqft) | ft²				200,000
Digital Realty Joint Venture
Schedule of Equity Method Investments [Line Items]
Area of real estate property (in sqft) | ft²	132,300
Equity method investment, ownership (percent)	80.00%
Payments to acquire interest in equity method investment	$ 68,400
Assets	187,500
Debt	$ 102,000
Operating leases, term of contract	4 years
Mercedes-Benz Financial Services USA | Heritage Commons X
Schedule of Equity Method Investments [Line Items]
Portion of building leased out (percent)		100.00%

Investments in Unconsolidated_4

Investments in Unconsolidated Entities - Balance of Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Investments [Roll Forward]
Balance as of December 31, 2019			$ 11,028
Net loss	$ (1,444)	$ (460)	(2,071)	$ (1,108)
June 30, 2020	4,093		4,093
Unconsolidated investments
Investments [Roll Forward]
Balance as of December 31, 2019			11,028
Net loss			(165)
Distributions			(4,863)
Impairment			(1,907)
June 30, 2020	4,093		4,093
Digital Realty Joint Venture | Unconsolidated investments
Investments [Roll Forward]
Balance as of December 31, 2019			10,584
Net loss			(165)
Distributions			(4,863)
Impairment			(1,907)
June 30, 2020	3,649		3,649
Heritage Commons X | Unconsolidated investments
Investments [Roll Forward]
Balance as of December 31, 2019			444
Net loss			0
Distributions			0
Impairment			0
June 30, 2020	$ 444		$ 444

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	May 28, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total principal	$ 2,184,435,000		$ 1,979,072,000
Unamortized Deferred Financing Costs and Discounts, net	(8,916,000)		(9,968,000)
Total Debt, net	2,175,519,000		1,969,104,000
Interest Rate Swap
Debt Instrument [Line Items]
Derivative notional amount	750,000,000
LIBOR
Debt Instrument [Line Items]
Effective interest rate (percent)		0.17%
Mortgages
Debt Instrument [Line Items]
Total principal	$ 1,032,935,000		1,017,572,000
Fixed and variable rate debt | Interest Rate Swap
Debt Instrument [Line Items]
Weighted average interest rate	3.26%
Fixed rate debt | Interest Rate Swap
Debt Instrument [Line Items]
Weighted average interest rate	3.62%
HealthSpring Mortgage Loan | Mortgages
Debt Instrument [Line Items]
Total principal	$ 20,468,000		20,723,000
Contractual stated interest rate (percent)	4.18%
Effective interest rate (percent)	4.61%
Midland Mortgage Loan | Mortgages
Debt Instrument [Line Items]
Total principal	$ 99,213,000		100,249,000
Contractual stated interest rate (percent)	3.94%
Effective interest rate (percent)	4.12%
Emporia Partners Mortgage Loan | Mortgages
Debt Instrument [Line Items]
Total principal	$ 1,869,000		2,104,000
Contractual stated interest rate (percent)	5.88%
Effective interest rate (percent)	5.97%
Samsonite | Mortgages
Debt Instrument [Line Items]
Total principal	$ 20,667,000		21,154,000
Contractual stated interest rate (percent)	6.08%
Effective interest rate (percent)	5.12%
Highway 94 loan | Mortgages
Debt Instrument [Line Items]
Total principal	$ 15,154,000		15,610,000
Contractual stated interest rate (percent)	3.75%
Effective interest rate (percent)	4.76%
Pepsi Bottling Ventures Loan | Mortgages
Debt Instrument [Line Items]
Total principal	$ 18,766,000		0
Contractual stated interest rate (percent)	3.69%
Effective interest rate (percent)	3.91%
AIG Loan II | Mortgages
Debt Instrument [Line Items]
Total principal	$ 126,970,000		126,970,000
Contractual stated interest rate (percent)	4.15%
Effective interest rate (percent)	4.92%
BOA Loan | Mortgages
Debt Instrument [Line Items]
Total principal	$ 375,000,000		375,000,000
Contractual stated interest rate (percent)	3.77%
Effective interest rate (percent)	3.91%
BOA/KeyBank Loan | Mortgages
Debt Instrument [Line Items]
Total principal	$ 250,000,000		250,000,000
Contractual stated interest rate (percent)	4.32%
Effective interest rate (percent)	4.14%
AIG Loan | Mortgages
Debt Instrument [Line Items]
Total principal	$ 104,828,000		105,762,000
Contractual stated interest rate (percent)	4.96%
Effective interest rate (percent)	5.08%
Revolving Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Total principal	$ 401,500,000		211,500,000
Effective interest rate (percent)	1.74%
Spread on LIBOR (percent)	1.45%
Initial debt instrument term	2 years
Debt instrument extended term	1 year
2023 Term Loan
Debt Instrument [Line Items]
Effective interest rate (percent)	1.67%
2023 Term Loan | Term Loans
Debt Instrument [Line Items]
Total principal	$ 200,000,000		200,000,000
Spread on LIBOR (percent)	1.40%
2024 Term Loan
Debt Instrument [Line Items]
Effective interest rate (percent)	1.66%
2024 Term Loan | Term Loans
Debt Instrument [Line Items]
Total principal	$ 400,000,000		400,000,000
Spread on LIBOR (percent)	1.40%
2026 Term Loan
Debt Instrument [Line Items]
Effective interest rate (percent)	1.98%
2026 Term Loan | Term Loans
Debt Instrument [Line Items]
Total principal	$ 150,000,000		$ 150,000,000
Spread on LIBOR (percent)	1.75%

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)quarterproperty	Feb. 05, 2020USD ($)	Dec. 31, 2019USD ($)	Apr. 30, 2019loan
Debt Instrument [Line Items]
Debt	$ 2,175,519		$ 1,969,104
Term Loans | Term Loans
Debt Instrument [Line Items]
Number of term loans | loan				3
Term Loans | Keybank Loans
Debt Instrument [Line Items]
Compliance requirement - maximum consolidated leverage ratio (percent)	60.00%
Compliance requirement - maximum consolidated leverage ratio after material acquisition (percent)	65.00%
Compliance requirement - consecutive quarters after material acquisition subject to higher consolidated leverage ratio | quarter	4
Compliance requirement - minimum consolidated tangible net worth (percent)	75.00%
Compliance requirement - minimum consolidated tangible net worth	$ 2,000,000
Compliance requirement - additional net future equity issuances (percent)	75.00%
Compliance requirement - reduction for amount of payments used to redeem stock (percent)	75.00%
Compliance requirement - minimum consolidated fixed charge coverage ratio	1.50
Compliance requirement - maximum total secured debt ratio (percent)	40.00%
Compliance requirement - increase in maximum total secured coverage ratio after material acquisition (percent)	5.00%
Compliance requirement - number of quarters subject to higher maximum total secured coverage ratio after material acquisition | quarter	4
Compliance requirement - minimum unsecured interest coverage ratio	2
Compliance requirement - maximum total secured recourse debt ratio (percent)	10.00%
Compliance requirement - maximum aggregate maximum unhedged variable rate debt (percent)	30.00%
Compliance requirement - maximum payout ratio (percent)	95.00%
Restrictions - maximum unimproved land as percentage of total asset value (percent)	5.00%
Restrictions - pre-leased developments under development as a percentage of total asset value, maximum (percent)	20.00%
Restrictions - investments in unconsolidated affiliates as percentage of total asset value, maximum (percent)	10.00%
Restrictions - investments in mortgage notes receivable as percentage of total asset value, maximum (percent)	15.00%
Restrictions - leased assets under renovation as percentage of total asset value, maximum (percent)	10.00%
Restrictions - aggregate investment limitations as a percentage of total asset value, maximum (percent)	25.00%
Mortgages | Pepsi Bottling Ventures Loan
Debt Instrument [Line Items]
Fixed interest rate	3.69%
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Covenant - minimum pool properties | property	15
Covenant -maximum pool value contributed by single pool property of tenant (percent)	15.00%
Covenant - maximum aggregate pool value to be contributed by pool properties subject to ground leases (percent)	15.00%
Covenant - maximum aggregate pool value to be contributed by pool properties under development (percent)	20.00%
Covenant - minimum aggregate leasing percentage (percent)	90.00%
Covenant - maximum unsecured leverage ratio (percent)	60.00%
Covenant - minimum unsecured interest coverage ratio	2
Pepsi Bottling Ventures | Mortgages | Pepsi Bottling Ventures Loan
Debt Instrument [Line Items]
Debt		$ 18,900
Fixed interest rate		3.69%

Interest Rate Contracts - Narra

Interest Rate Contracts - Narrative (Details) $ in Thousands	Mar. 10, 2020USD ($)contract	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Derivative [Line Items]
Income expected to be recognized in earnings in next 12 months		$ 13,700
Interest Rate Swap
Derivative [Line Items]
Number of interest rate swap agreements executed | contract	3
Term of interest rate contracts	5 years
Derivative notional amount		1,175,000	$ 850,000
Fair value of interest rate swap in a net asset (liability) position		(61,318)	(24,146)
Interest Rate Swap, Effective March 10, 2020 - $150,000 Notional Amount, Interest Rate 0.83%
Derivative [Line Items]
Derivative notional amount	$ 150,000	150,000	0
Fair value of interest rate swap in a net asset (liability) position		(3,256)	0
Interest Rate Swap Effective Date July 1, 2020,$125,000 Notional Amount, Interest Rate 2.82%
Derivative [Line Items]
Derivative notional amount	100,000	125,000	125,000
Fair value of interest rate swap in a net asset (liability) position		(15,859)	(7,038)
Interest Rate Swap, Effective March 10, 2020 - $75,000 Notional Amount, Interest Rate 0.86%
Derivative [Line Items]
Derivative notional amount	$ 75,000	75,000	0
Fair value of interest rate swap in a net asset (liability) position		$ (1,737)	$ 0

Interest Rate Contracts - Summa

Interest Rate Contracts - Summary of Interest Rate Swaps (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 10, 2020	Dec. 31, 2019
Interest Rate Swap Effective Date July 9, 2015
Derivative [Line Items]
Interest strike rate (percent)	1.69%
Fair value of interest rate swap in a net asset (liability) position	$ 0		$ (43)
Derivative notional amount	$ 425,000		425,000
Interest Rate Swap, Effective March 10, 2020 - $150,000 Notional Amount, Interest Rate 0.83%
Derivative [Line Items]
Interest strike rate (percent)	0.83%
Fair value of interest rate swap in a net asset (liability) position	$ (3,256)		0
Derivative notional amount	$ 150,000	$ 150,000	0
Interest Rate Swap, Effective March 10, 2020 - $100,000 Notional Amount, Interest Rate 0.84%
Derivative [Line Items]
Interest strike rate (percent)	0.84%
Fair value of interest rate swap in a net asset (liability) position	$ (2,223)		0
Derivative notional amount	$ 100,000		0
Interest Rate Swap, Effective March 10, 2020 - $75,000 Notional Amount, Interest Rate 0.86%
Derivative [Line Items]
Interest strike rate (percent)	0.86%
Fair value of interest rate swap in a net asset (liability) position	$ (1,737)		0
Derivative notional amount	$ 75,000	75,000	0
Interest Rate Swap Effective Date July 1, 2020,$125,000 Notional Amount, Interest Rate 2.82%
Derivative [Line Items]
Interest strike rate (percent)	2.82%
Fair value of interest rate swap in a net asset (liability) position	$ (15,859)		(7,038)
Derivative notional amount	$ 125,000	$ 100,000	125,000
Interest Rate Swap Effective Date July 1, 2020
Derivative [Line Items]
Interest strike rate (percent)	2.82%
Fair value of interest rate swap in a net asset (liability) position	$ (12,714)		(5,651)
Derivative notional amount	$ 100,000		100,000
Interest Rate Swap Effective Date July 1, 2020
Derivative [Line Items]
Interest strike rate (percent)	2.83%
Fair value of interest rate swap in a net asset (liability) position	$ (12,722)		(5,665)
Derivative notional amount	$ 100,000		100,000
Interest Rate Swap Effective Date July 1, 2020
Derivative [Line Items]
Interest strike rate (percent)	2.84%
Fair value of interest rate swap in a net asset (liability) position	$ (12,807)		(5,749)
Derivative notional amount	100,000		100,000
Interest Rate Swap
Derivative [Line Items]
Fair value of interest rate swap in a net asset (liability) position	(61,318)		(24,146)
Derivative notional amount	$ 1,175,000		$ 850,000

Interest Rate Contracts - Impac

Interest Rate Contracts - Impact of Interest Rate Swap on Consolidated Statements of Operation (Details) - Interest Rate Swap - Cash Flow Hedging - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount recognized in AOCI on derivatives	$ (38,723)	$ (19,107)
Amount of loss (gain) reclassified from AOCI into earnings under “Interest expense”	1,613	(1,655)
Total interest expense presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded	$ 39,007	$ 34,082

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Accrued CIP	$ 27,504	$ 16,596
Prepaid tenant rent	19,527	20,510
Real estate taxes payable	14,558	13,385
Interest payable	10,252	12,264
Deferred compensation	8,263	9,209
Property operating expense payable	6,962	7,752
Other liabilities	22,551	16,673
Total	$ 109,617	$ 96,389

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Liability	$ (61,318)	$ (24,146)
Recurring Basis
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Earn-out Liability (due to affiliates)	(338)	(2,919)
Corporate Owned Life Insurance Asset	4,007	2,134
Mutual Funds Asset	5,563	6,983
Deferred Compensation Liability	(8,263)	(9,209)
Recurring Basis | Quoted Prices in Active Markets for Identical Assets and Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Earn-out Liability (due to affiliates)	0	0
Corporate Owned Life Insurance Asset	0	0
Mutual Funds Asset	5,563	6,983
Deferred Compensation Liability	0	0
Recurring Basis | Significant Other Observable Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Earn-out Liability (due to affiliates)	0	0
Corporate Owned Life Insurance Asset	4,007	2,134
Mutual Funds Asset	0	0
Deferred Compensation Liability	(8,263)	(9,209)
Recurring Basis | Significant Unobservable Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Earn-out Liability (due to affiliates)	(338)	(2,919)
Corporate Owned Life Insurance Asset	0	0
Mutual Funds Asset	0	0
Deferred Compensation Liability	0	0
Recurring Basis | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Liability	(61,318)	(24,146)
Recurring Basis | Interest Rate Swap | Quoted Prices in Active Markets for Identical Assets and Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Liability	0	0
Recurring Basis | Interest Rate Swap | Significant Other Observable Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Liability	(61,318)	(24,146)
Recurring Basis | Interest Rate Swap | Significant Unobservable Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Liability	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	6 Months Ended
	Jun. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of performance distributions (percent)	37.25%
Common equity invested (percent)	2.50%
Payments for contingent consideration	$ 0
Number of mortgage loans (in loan) | loan	10
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in amount of contingent liability	$ 2,600,000
Fair value of earn-outs	$ 338,000	$ 2,919,000

Fair Value Measurements - Non-r

Fair Value Measurements - Non-recurring Fair Value Measurements for Impairment (Details)	3 Months Ended
	Jun. 30, 2020USD ($)property
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of properties impaired | property	2
Discounted Cash Flow Analyses | 2200 Channahon Road
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Terminal capitalization rate (percent)	9.75%
Discount rate (percent)	14.00%
Discounted Cash Flow Analyses | Houston Westway I
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Terminal capitalization rate (percent)	7.75%
Discount rate (percent)	9.00%
Discounted Cash Flow Analyses | Digital Realty Joint Venture
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Terminal capitalization rate (percent)	6.00%
Discount rate (percent)	6.75%
Minimum | Discounted Cash Flow Analyses | 2200 Channahon Road
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Market rent per Kilowatt-hour (kWh)	$ 2
Minimum | Discounted Cash Flow Analyses | Houston Westway I
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Market rent per Kilowatt-hour (kWh)	15
Minimum | Discounted Cash Flow Analyses | Digital Realty Joint Venture
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Market rent per Kilowatt-hour (kWh)	90
Maximum | Discounted Cash Flow Analyses | 2200 Channahon Road
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Market rent per Kilowatt-hour (kWh)	3
Maximum | Discounted Cash Flow Analyses | Houston Westway I
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Market rent per Kilowatt-hour (kWh)	17
Maximum | Discounted Cash Flow Analyses | Digital Realty Joint Venture
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Market rent per Kilowatt-hour (kWh)	$ 100

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments at Fair Value (Details) - Mortgages - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value | BOA | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	$ 355,791	$ 369,343
Fair Value | BOA/KeyBank Loan | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	261,602	264,101
Fair Value | AIG Loan II | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	122,907	122,258
Fair Value | AIG Loan | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	102,889	101,663
Fair Value | Midland | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	98,417	99,318
Fair Value | Samsonite | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	21,723	22,103
Fair Value | HealthSpring | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	20,724	20,868
Fair Value | Pepsi Bottling Ventures | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	19,091	0
Fair Value | Highway 94 loan | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	14,901	15,101
Fair Value | Emporia Partners | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	1,893	2,105
Carrying Value | BOA
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	375,000	375,000
Carrying Value | BOA/KeyBank Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	250,000	250,000
Carrying Value | AIG Loan II
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	126,970	126,970
Carrying Value | AIG Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	104,828	105,762
Carrying Value | Midland
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	99,213	100,249
Carrying Value | Samsonite
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	20,667	21,154
Carrying Value | HealthSpring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	20,468	20,723
Carrying Value | Pepsi Bottling Ventures
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	18,766	0
Carrying Value | Highway 94 loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	15,154	15,610
Carrying Value | Emporia Partners
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage loans	$ 1,869	$ 2,104

Equity - Narrative (Details)

Equity - Narrative (Details)		Jun. 15, 2020shares	Jan. 15, 2020USD ($)shares	Jun. 30, 2020USD ($)vote$ / sharesshares	Sep. 30, 2019USD ($)shares	Jun. 30, 2019$ / sharesshares	Jun. 30, 2020USD ($)vote$ / sharesshares	Jun. 30, 2019$ / sharesshares	Sep. 30, 2019USD ($)	Jun. 30, 2020USD ($)voteshares	Jun. 30, 2020USD ($)vote$ / sharesshares	Mar. 31, 2020shares	Dec. 31, 2019USD ($)shares	Mar. 31, 2019shares	Dec. 31, 2018shares
Class of Stock [Line Items]
Number of shares outstanding (in shares)				229,897,937			229,897,937			229,897,937	229,897,937		227,853,720
Proceeds from sale of shares | $									$ 2,800,000,000	$ 2,800,000,000
Shares issued | $	[1]			$ 230,000			$ 230,000			230,000	$ 230,000		$ 228,000
Share Redemption Program
Class of Stock [Line Items]
Minimum ownership balance (shares) | $				2,500			$ 2,500			2,500	2,500
Minimum holding period for stock to be redeemed from stockholder by the Company							1 year
Redemption requests that were not redeemed (shares)							5,079,176
Distribution Reinvestment Plan
Class of Stock [Line Items]
Period for written notice							10 days
Shares issued | $				$ 305,800,000			$ 305,800,000			$ 305,800,000	$ 305,800,000		$ 293,700,000
Maximum | Share Redemption Program
Class of Stock [Line Items]
Aggregate redemption of Company's shares (percent)					5.00%		5.00%
RSUs
Class of Stock [Line Items]
RSU's issued (in shares)			589,248
Vesting (percent)			25.00%
Fair value of grants issued | $			$ 5,500,000
Total Forfeitures							3,209
Restricted Stock | Independent directors
Class of Stock [Line Items]
Restricted stock issued per person (shares)		8,055
Common Class T
Class of Stock [Line Items]
Number of votes each share is entitled to | vote				1			1			1	1
Number of shares outstanding (in shares)				554,113			554,113			554,113	554,113
Common Class S
Class of Stock [Line Items]
Number of votes each share is entitled to | vote				1			1			1	1
Number of shares outstanding (in shares)				1,800			1,800			1,800	1,800
Common Class D
Class of Stock [Line Items]
Number of votes each share is entitled to | vote				1			1			1	1
Number of shares outstanding (in shares)				40,585			40,585			40,585	40,585
Common Class I
Class of Stock [Line Items]
Number of votes each share is entitled to | vote				1			1			1	1
Number of shares outstanding (in shares)				1,901,412			1,901,412			1,901,412	1,901,412
Common Class A
Class of Stock [Line Items]
Number of votes each share is entitled to | vote				1			1			1	1
Number of shares outstanding (in shares)				24,245,556			24,245,556			24,245,556	24,245,556
Common Class AA
Class of Stock [Line Items]
Number of votes each share is entitled to | vote				1			1			1	1
Number of shares outstanding (in shares)				47,108,812			47,108,812			47,108,812	47,108,812
Common Class AAA
Class of Stock [Line Items]
Number of votes each share is entitled to | vote				1			1			1	1
Number of shares outstanding (in shares)				951,675			951,675			951,675	951,675
Common Class E
Class of Stock [Line Items]
Number of votes each share is entitled to | vote				1			1			1	1
Number of shares outstanding (in shares)				155,093,984			155,093,984			155,093,984	155,093,984
Common Class E | Share Redemption Program
Class of Stock [Line Items]
Excess of quarterly cap limitation (in shares)					2,872,488
Excess of quarterly cap limitation | $					$ 27,400,000
Percentage of redemption requests not redeemed (percent)					25.00%
Common Stock
Class of Stock [Line Items]
Number of shares outstanding (in shares)				229,897,937		243,610,554	229,897,937	243,610,554		229,897,937	229,897,937	229,671,555	227,853,720	174,981,549	174,278,341
Common Stock | Share Redemption Program
Class of Stock [Line Items]
Stock redeemed during period (in shares)				301		0	548,613	0			24,779,178
Stock redeemed, value | $											$ 233,800,000
Weighted average price per share (in dollars per share) | $ / shares				$ 9.33		$ 0	$ 9.32	$ 0			$ 9.44
Common Stock | Common Class E
Class of Stock [Line Items]
Number of shares contingently entitled to be received for each RSU				1			1			1	1
[1]	See Note 9, Equity , for the number of shares outstanding of each class of common stock as of June 30, 2020.

Equity - Schedule of Share Rede

Equity - Schedule of Share Redemptions (Details) - Common Stock - Share Redemption Program - $ / shares	3 Months Ended		6 Months Ended		71 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020
Class of Stock [Line Items]
Stock redeemed during period (in shares)	301	0	548,613	0	24,779,178
Weighted average price per share (in dollars per share)	$ 9.33	$ 0	$ 9.32	$ 0	$ 9.44

Noncontrolling Interests - Narr

Noncontrolling Interests - Narrative (Details) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Noncontrolling Interest [Line Items]
Percentage of noncontrolling interests based on weighted average shares outstanding (percent)	12.02%
Limited partnership units issued (in shares)	31,900,000
Limited partnership units with mandatory hold period (in shares)	20,400,000
Implied EA-1 operating partnership units issued in consideration (in shares)	200,000
Partnership unit exchange (in shares)	1
Repurchase of noncontrolling Interest (in shares)	55,946	6,000
Griffin Capital Essential Asset Operating Partnership, L.P.
Noncontrolling Interest [Line Items]
Percentage of noncontrolling interests based on total shares (percent)	12.20%

Noncontrolling Interests - Sche

Noncontrolling Interests - Schedule of Noncontrolling Interests Activity (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended	12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Dec. 31, 2019
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Reclass of noncontrolling interest subject to redemption	$ 253
Repurchase of noncontrolling interest	(496)
Issuance of stock dividend for noncontrolling interest	266	$ 802	$ 269
Distributions to noncontrolling interest	(2,731)	(5,069)	(4,903)	$ (4,585)
Net income	3,758	848	16,088	6,530
Other comprehensive loss	(6,284)	(30,826)	(12,803)	(8,137)
Non- controlling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance		245,040		232,203	$ 245,040	$ 232,203
Contributions/issuance of noncontrolling interests					0	30,039
Reclass of noncontrolling interest subject to redemption	253				253	0
Repurchase of noncontrolling interest	(496)				(496)	0
Issuance of stock dividend for noncontrolling interest	266	802	269		1,068	1,861
Distributions to noncontrolling interest	(2,731)	(5,069)	(4,903)	(4,585)	(7,800)	(19,716)
Allocated distributions to noncontrolling interests subject to redemption					(17)	(42)
Net income	457	111	1,880	1,197	568	3,749
Other comprehensive loss	(756)	$ (3,708)	$ (1,489)	$ (1,408)	(4,464)	(3,054)
Ending balance	$ 234,152				$ 234,152	$ 245,040

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Parties (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Incurred fees	$ 279	$ 8,658
Receivable	799		$ 837
Payable	5,852		10,883
Cash to be received from an affiliate related to deferred compensation and other payroll costs
Related Party Transaction [Line Items]
Incurred fees	0	658
Receivable	0		0
Other fees
Related Party Transaction [Line Items]
Incurred fees	64	0
Receivable	114		352
Other fees
Related Party Transaction [Line Items]
Incurred costs	0	20
Payable	0		0
Operating expenses
Related Party Transaction [Line Items]
Incurred costs	0	724
Payable	0		0
Costs advanced by the Advisor
Related Party Transaction [Line Items]
Incurred costs	994	2,545
Payable	1,029		1,164
Consulting fee - shared services
Related Party Transaction [Line Items]
Incurred costs	1,250	0
Payable	568		441
Leasing commissions
Related Party Transaction [Line Items]
Incurred costs	0	2,540
Payable	0		0
Earn-out
Related Party Transaction [Line Items]
Incurred costs	0	0
Payable	338		2,919
Stockholder Servicing Fee
Related Party Transaction [Line Items]
Incurred costs	0	0
Payable	3,205		4,994
Distributions
Related Party Transaction [Line Items]
Incurred costs	6,169	0
Payable	712		1,365
Total
Related Party Transaction [Line Items]
Incurred costs	8,413	5,829
Payable	5,852		10,883
Griffin Capital Corporation | Reimbursable Expense Allocation
Related Party Transaction [Line Items]
Incurred fees	16	0
Receivable	5		4
Griffin Capital Corporation | Payroll/Expense Allocation
Related Party Transaction [Line Items]
Incurred fees	199	251
Receivable	680		481
Griffin Capital Essential Asset REIT II | Payroll/Expense Allocation
Related Party Transaction [Line Items]
Incurred fees	0	1,217
Receivable	0		0
Griffin Capital Essential Asset REIT II | O&O Costs (including payroll allocated to O&O)
Related Party Transaction [Line Items]
Incurred fees	0	157
Receivable	0		0
Griffin Capital Essential Asset REIT II | Other fees
Related Party Transaction [Line Items]
Incurred fees	0	$ 6,375
Receivable	$ 0		$ 0

Related Party Transactions - Na

Related Party Transactions - Narrative (Details)	6 Months Ended
	Jun. 30, 2020USD ($)
Administrative Service Agreement | Griffin Capital Corporation
Related Party Transaction [Line Items]
Monthly service cost	$ 187,167

Operating Leases - Narrative (D

Operating Leases - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)numberOfRenewalslease	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)numberOfRenewalslease	Jun. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
Rental income			$ 155.7	$ 132.5
Weighted average remaining lease term	80 years 6 months		80 years 6 months
Operating lease costs	$ 0.9	$ 0.6	$ 1.8	1.3
Cash paid for operating lease liabilities	$ 0.4	$ 0.3	$ 0.8	$ 0.5
Chicago Illinois Office
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	6 years		6 years
Arizona
Lessee, Lease, Description [Line Items]
Number of parcels of land | lease	3		3
Options to renew | numberOfRenewals	0		0

Operating Leases - Future Minim

Operating Leases - Future Minimum Base Rents to be Received (Details) $ in Thousands	Jun. 30, 2020USD ($)
Leases [Abstract]
Remaining 2020	$ 145,369
2021	303,628
2022	305,905
2023	292,005
2024	251,481
Thereafter	1,137,810
Total	$ 2,436,198

Operating Leases - Cash paid fo

Operating Leases - Cash paid for measurement of lease liabilities (Details)	Jun. 30, 2020
Leases [Abstract]
Weighted average remaining lease term	80 years 6 months
Weighted average discount rate	4.98%

Operating Leases - Remaining Re

Operating Leases - Remaining Required Payments Under Ground Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Remaining 2020	$ 815
2021	1,632
2022	1,675
2023	1,741
2024	1,776
Thereafter	286,738
Total undiscounted lease payments	294,377
Less: imputed interest	(249,048)
Total lease liabilities	$ 45,329	$ 45,020

Declaration of Distributions -

Declaration of Distributions - (Details) - $ / shares	Jun. 15, 2020	May 28, 2020	Apr. 28, 2020	Apr. 01, 2020	Mar. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Class of Stock [Line Items]
Stock distributions declared (in usd per share )	$ 0.000956284	$ 0.000956284	$ 0.000956284		$ 0.000956284
Cash distributions declared per common share (in usd per share)	$ 0.35	$ 0.35	$ 0.35		$ 0.35	$ 0.09	$ 0.16	$ 0.23	$ 0.33
Common Class E
Class of Stock [Line Items]
Stock distributions paid, per day's worth (in shares)				$ 0.001502732
Stock distribution paid, per month's worth (in shares)				0.008333333
Common stock dividends, annualized equivalent				0.10
Common Class T
Class of Stock [Line Items]
Stock distributions paid, per day's worth (in shares)				0.001502732
Stock distribution paid, per month's worth (in shares)				0.008333333
Common Class S
Class of Stock [Line Items]
Stock distributions paid, per day's worth (in shares)				0.001502732
Stock distribution paid, per month's worth (in shares)				0.008333333
Common stock dividends, annualized equivalent				0.10
Common Class D
Class of Stock [Line Items]
Stock distributions paid, per day's worth (in shares)				0.001502732
Stock distribution paid, per month's worth (in shares)				0.008333333
Common stock dividends, annualized equivalent				0.10
Common Class I
Class of Stock [Line Items]
Stock distributions paid, per day's worth (in shares)				0.001502732
Stock distribution paid, per month's worth (in shares)				0.008333333
Common stock dividends, annualized equivalent				0.10
Common Class A
Class of Stock [Line Items]
Stock distributions paid, per day's worth (in shares)				0.001502732
Stock distribution paid, per month's worth (in shares)				0.008333333
Common stock dividends, annualized equivalent				0.10
Common Class AA
Class of Stock [Line Items]
Stock distributions paid, per day's worth (in shares)				0.001502732
Stock distribution paid, per month's worth (in shares)				0.008333333
Common stock dividends, annualized equivalent				0.10
Common Class AAA
Class of Stock [Line Items]
Stock distributions paid, per day's worth (in shares)				0.001502732
Stock distribution paid, per month's worth (in shares)				0.008333333
Common stock dividends, annualized equivalent				$ 0.10

Subsequent Events - (Details)

Subsequent Events - (Details) $ / shares in Units, $ in Thousands	Jul. 28, 2020$ / shares	Jun. 15, 2020$ / shares	May 28, 2020$ / shares	Apr. 28, 2020$ / shares	Apr. 01, 2020$ / shares	Mar. 30, 2020$ / shares	Jun. 30, 2020$ / shares	Jun. 30, 2019$ / shares	Jun. 30, 2020USD ($)$ / shares	Jun. 30, 2019USD ($)$ / shares	Aug. 07, 2020numberOfLeaseConcessions
Subsequent Event [Line Items]
Stock distributions declared (in usd per share )		$ 0.000956284	$ 0.000956284	$ 0.000956284		$ 0.000956284
Cash distributions declared per common share (in usd per share)		$ 0.35	$ 0.35	$ 0.35		$ 0.35	$ 0.09	$ 0.16	$ 0.23	$ 0.33
Proceeds from borrowings - Revolver Loan | $									$ 215,000	$ 175,854
Subsequent Event
Subsequent Event [Line Items]
Number of concessions granted | numberOfLeaseConcessions											2
Common Class E
Subsequent Event [Line Items]
Stock distributions paid, per day's worth (in shares)					$ 0.001502732
Common Class E | Subsequent Event
Subsequent Event [Line Items]
Stock distributions declared (in usd per share )	$ 0.000956284
Cash distributions declared per common share (in usd per share)	0.35
Common Class T
Subsequent Event [Line Items]
Stock distributions paid, per day's worth (in shares)					0.001502732
Common Class T | Subsequent Event
Subsequent Event [Line Items]
Stock distributions declared (in usd per share )	0.000956284
Cash distributions declared per common share (in usd per share)	0.35
Common Class S
Subsequent Event [Line Items]
Stock distributions paid, per day's worth (in shares)					0.001502732
Common Class S | Subsequent Event
Subsequent Event [Line Items]
Stock distributions declared (in usd per share )	0.000956284
Cash distributions declared per common share (in usd per share)	0.35
Common Class D
Subsequent Event [Line Items]
Stock distributions paid, per day's worth (in shares)					0.001502732
Common Class D | Subsequent Event
Subsequent Event [Line Items]
Stock distributions declared (in usd per share )	0.000956284
Cash distributions declared per common share (in usd per share)	0.35
Common Class I
Subsequent Event [Line Items]
Stock distributions paid, per day's worth (in shares)					0.001502732
Common Class I | Subsequent Event
Subsequent Event [Line Items]
Stock distributions declared (in usd per share )	0.000956284
Cash distributions declared per common share (in usd per share)	0.35
Common Class A
Subsequent Event [Line Items]
Stock distributions paid, per day's worth (in shares)					0.001502732
Common Class A | Subsequent Event
Subsequent Event [Line Items]
Stock distributions declared (in usd per share )	0.000956284
Cash distributions declared per common share (in usd per share)	0.35
Common Class AA
Subsequent Event [Line Items]
Stock distributions paid, per day's worth (in shares)					0.001502732
Common Class AA | Subsequent Event
Subsequent Event [Line Items]
Stock distributions declared (in usd per share )	0.000956284
Cash distributions declared per common share (in usd per share)	0.35
Common Class AAA
Subsequent Event [Line Items]
Stock distributions paid, per day's worth (in shares)					$ 0.001502732
Common Class AAA | Subsequent Event
Subsequent Event [Line Items]
Stock distributions declared (in usd per share )	0.000956284
Cash distributions declared per common share (in usd per share)	$ 0.35