American Realty Capital Healthcare Trust Iii 10-K 31 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
	Dec. 31, 2014	Mar. 15, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	AMERICAN REALTY CAPITAL HEALTHCARE TRUST III, INC.
Entity Central Index Key	1609234
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Document Type	10-K
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		345,184
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$0

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
ASSETS
Cash	$187
Prepaid expenses	59
Total assets	246
LIABILITIES AND STOCKHOLDER'S DEFICIT
Accounts payable and accrued expenses (including $1,895 due to affiliates)	2,520
Total liabilities	2,520
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of December 31, 2014	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 11,554 shares of common stock issued and outstanding as of December 31, 2014	0
Additional paid-in capital	-2,094
Accumulated deficit	-180
Total stockholder's deficit	-2,274
Total liabilities and stockholder's deficit	$246

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]
Due to related parties	$1,895
Preferred stock, par value	$0.01
Preferred stock, authorized	50,000,000
Preferred stock, issued	0
Preferred stock, outstanding	0
Common stock, par value	$0.01
Common stock, authorized	300,000,000
Common stock, issued	11,554
Common stock, outstanding	11,554

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014
Income Statement [Abstract]
Revenues	$0
Expenses:
General and administrative	180
Total expenses	180
Net loss	-180
Comprehensive loss	($180)
Basic and diluted weighted average shares outstanding (in shares)	7,937
Basic and diluted net loss per share (in dollars per share)	($22.68)

STATEMENT_OF_STOCKHOLDERS_EQUI

STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
In Thousands, except Share data, unless otherwise specified
Beginning balance at Apr. 23, 2014	$0	$0	$0	$0
Beginning balance (in shares) at Apr. 23, 2014		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		8,888
Issuance of common stock	202		202
Common stock offering costs	-2,300		-2,300
Share-based compensation (in shares)		2,666
Share-based compensation	4		4
Net loss	-180			-180
Ending balance at Dec. 31, 2014	($2,274)	$0	($2,094)	($180)
Ending balance (in shares) at Dec. 31, 2014		11,554

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Cash flows from operating activities:
Net loss	($180)
Adjustment to reconcile net loss to net cash used in operating activities:
Share-based compensation	4
Changes in assets and liabilities:
Prepaid expenses	-59
Accounts payable and accrued expenses	81
Net cash used in operating activities	-154
Cash flows from financing activities:
Proceeds from issuance of common stock	202
Payments of offering costs	-1,071
Advances from affiliate	1,210
Net cash provided by financing activities	341
Net change in cash	187
Cash, beginning of period	0
Cash, end of period	187
Supplemental Disclosures:
Payable and accrued offering costs	$1,229

Organization

Organization	9 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization
	American Realty Capital Healthcare Trust III, Inc. (the "Company") was incorporated on April 24, 2014 as a Maryland corporation that intends to elect and qualify to be taxed as a real estate investment trust ("REIT") for U.S. federal income tax purposes beginning with its taxable year ending December 31, 2015. On August 20, 2014, the Company commenced its ongoing initial public offering (the "IPO") on a "reasonable best efforts" basis of up to $3.1 billion of common stock, $0.01 par value per share, at a price of $25.00 per share, subject to certain volume and other discounts, pursuant to a registration statement on Form S-11 (File No. 333-196302) (as amended, the "Registration Statement"), filed with the U.S. Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended. The Registration Statement also covers up to 26.3 million shares of common stock available pursuant to a distribution reinvestment plan (the "DRIP") under which common stockholders may elect to have their distributions reinvested in additional shares of common stock.
	Until the net asset value ("NAV") pricing date (as described below), the per share purchase price in the IPO will be up to $25.00 per share (including the maximum allowed to be charged for commissions and fees) and shares issued under the DRIP will be equal to $23.75 per share, which is equal to 95% of the offering price in the IPO. Beginning with the NAV pricing date, the per share price for shares in the IPO and under the DRIP will vary quarterly and will be equal to the Company’s per share NAV as determined by American Realty Capital Healthcare III Advisors, LLC (the “Advisor”), plus applicable commissions and fees, in the case of the IPO, and the per share purchase price in the DRIP will be equal to the NAV per share. The Company reserves the right to reallocate shares covered in the Registration Statement between the IPO and the DRIP. The NAV pricing date means the date we first publish an estimated per share NAV, which will be on or prior to July 11, 2017, which is 150 days following the second anniversary of the date that it broke escrow in the IPO.
	The Company was formed to primarily acquire a diversified portfolio of healthcare-related assets including medical office buildings, seniors housing communities and other healthcare-related facilities. All such properties may be acquired and operated by the Company alone or jointly with another party. The Company may also originate or acquire first mortgage loans secured by real estate. As of December 31, 2014, the Company had not acquired any real estate investments.
	Substantially all of the Company's business is conducted through American Realty Capital Healthcare III Operating Partnership, L.P. (the "OP"), a Delaware limited partnership. The Company is the sole general partner and holds substantially all of the units of limited partner interests in the OP ("OP units"). Additionally, the Advisor contributed $2,020 to the OP in exchange for 90 OP units, which represents a nominal percentage of the aggregate OP ownership. A holder of limited partner interests has the right to convert OP units for the cash value of a corresponding number of shares of the Company's common stock or, at the option of the OP, a corresponding number of shares of the Company's common stock, as allowed by the limited partnership agreement of the OP. The remaining rights of the holders of limited partner interests in the OP are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP's assets.
	The Company has no direct employees. The Advisor has been retained to manage the Company's affairs on a day-to-day basis. The Company also has retained American Realty Capital Healthcare III Properties, LLC (the "Property Manager") to serve as the Company's property manager. Realty Capital Securities, LLC (the "Dealer Manager") serves as the dealer manager of the IPO. The Advisor, the Property Manager and the Dealer Manager are under common control with AR Capital, LLC, the parent of the Company's sponsor, American Realty Capital VII, LLC (the "Sponsor"), as a result of which they are related parties, and each of which will receive compensation, fees and other expense reimbursements for services related to the IPO and the investment and management of the Company's assets. The Advisor, Property Manager and Dealer Manager will receive fees during the Company's offering, acquisition, operational and liquidation stages.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies
	Basis of Accounting
	The accompanying financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
	Principles of Consolidation and Basis of Presentation
	The accompanying consolidated financial statements include the accounts of the Company and the OP. All inter-company accounts and transactions are eliminated in consolidation. In determining whether the Company has a controlling financial interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, authority to make decisions and contractual and substantive participating rights of the other partners or members as well as whether the entity is a variable interest entity for which the Company is the primary beneficiary.
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. When the Company commences operations, management may make significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, and fair value measurements, as applicable.
	Real Estate Investments
	Investments in real estate will be recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance will be expensed as incurred.
	The Company will evaluate the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are recorded as an expense in the consolidated statement of operations. If an acquisition qualifies as an asset acquisition, the related transaction costs are generally capitalized and subsequently amortized over the useful life of the acquired assets.
	In business combinations, the Company will allocate the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities based on their respective fair values. Tangible assets may include land, land improvements, buildings and fixtures. Intangible assets may include the value of in-place leases and above- and below-market leases and other identifiable intangible assets or liabilities based on lease or property specific characteristics. In addition, any assumed mortgages receivable or payable and any assumed or issued noncontrolling interests are recorded at their estimated fair values.
	The fair value of the tangible assets of an acquired property with an in-place operating lease will be determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to the tangible assets based on the fair value of the tangible assets. The fair value of in-place leases will be determined by considering estimates of carrying costs during the expected lease-up periods, current market conditions, as well as costs to execute similar leases. The fair value of above- or below-market leases is recorded based on the present value of the difference between the contractual amount to be paid pursuant to the in-place lease and the Company's estimate of the fair market lease rate for the corresponding in-place lease, measured over the remaining term of the lease, including any below-market fixed rate renewal options for below-market leases.
	In allocating the fair value to assumed mortgages, amounts will be recorded to debt premiums or discounts based on the present value of the estimated cash flows, which is calculated to account for either above- or below-market interest rates.
	In allocating non-controlling interests, amounts will be recorded based on the fair value of units issued at the date of acquisition, as determined by the terms of the applicable agreement.
	In making estimates of fair values for purposes of allocating purchase price, the Company will utilize a number of sources, including real estate valuations, prepared by independent valuation firms. The Company also will consider information and other factors including market conditions, the industry that the tenant operates in, characteristics of the real estate, i.e. location, size, demographics, value and comparative rental rates, tenant credit profile and the importance of the location of the real estate to the operations of the tenant’s business.
	The Company will be required to present the operations related to properties that have been sold or properties that are intended to be sold as discontinued operations in the consolidated statements of operations and comprehensive income (loss) at the lesser of the carrying amount or fair value less estimated selling costs for all periods presented to the extent the disposal of a component represents a strategic shift that has or will have a major effect on the Company’s operations and financial results. Properties that are intended to be sold are to be designated as "held for sale" on the consolidated balance sheet when they meet specific criteria to be presented as held for sale. Properties are no longer depreciated when they are classified as held for sale.
	Depreciation and Amortization
	The Company will be required to make subjective assessments as to the useful lives of the components of the Company's real estate investments for purposes of determining the amount of depreciation to record on an annual basis. These assessments have a direct impact on the Company's net income because if the Company were to shorten the expected useful lives of the Company's real estate investments, the Company would depreciate these investments over fewer years, resulting in more depreciation expense and lower net income on an annual basis.
	Depreciation will be computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and improvements, and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests.
	Capitalized above-market lease values will be amortized as a reduction of rental income over the remaining terms of the respective leases. Capitalized below-market lease values will be amortized as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods.
	Capitalized above-market ground lease values will be amortized as a reduction of property operating expense over the remaining terms of the respective leases. Capitalized below-market ground lease values will be amortized as an increase to property operating expense over the remaining terms of the respective leases and expected below-market renewal option periods.
	The value of in-place leases, exclusive of the value of above-market and below-market in-place leases, will be amortized to expense over the remaining periods of the respective leases.
	The assumed mortgage premiums or discounts will be amortized as an increase or reduction to interest expense over the remaining term of the respective mortgages.
	Impairment of Long Lived Assets
	When circumstances indicate the carrying value of a property may not be recoverable, the Company will review the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income.
	Cash
	Cash includes cash in bank accounts. The Company deposits cash with high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company up to an insurance limit. As of December 31, 2014, the Company had deposits of $0.2 million, none of which was in excess of the amount insured by the FDIC.
	Restricted Cash
	Restricted cash may primarily consist of reserves related to lease expirations as well as maintenance, structural, and debt service reserves.
	Investments in Securities
	The Company will classify its investments in debt or equity securities into one of three classes: held-to-maturity, available-for-sale or trading, as applicable.  Investments in debt securities that the Company has the positive intent and ability to hold until maturity are classified as held-to-maturity and are reported at amortized cost. Debt and equity securities that are bought and held principally for the purposes of selling them in the near future are classified as trading securities. Debt and equity securities not classified as trading securities or as held-to-maturity securities are classified as available-for-sale securities and are reported at fair value, with unrealized holding gains and losses reported as a component of equity within accumulated other comprehensive income or loss. Gains or losses on securities sold will be based on the specific identification method.
	The Company will evaluate its investments in securities for impairment or other-than-temporary impairment on a quarterly basis.  The Company will review each investment individually and assesses factors that may include (i) if the carrying amount of an investment exceeds its fair value, (ii) if there has been any change in the market as a whole or in the investee’s market, (iii) if there are any plans to sell the investment in question or if the Company believes it may be forced to sell its investment, and (iv) if there have been any other factors that would indicate the possibility of the existence of an other-than-temporary impairment. The fair value of the Company’s investments in available-for-sale securities generally will rise and fall based on current market conditions. If, after reviewing relevant factors surrounding an impaired security, the Company determines that it will not recover its full investment in an impaired security, the Company recognizes an other-than-temporary impairment charge in the consolidated statements of income and comprehensive loss in the period in which the other-than-temporary impairment is determined, regardless of whether or not the Company plans to sell or believes it will be forced to sell the security in question.
	Deferred Costs
	Deferred costs may consist of deferred financing costs and deferred leasing costs. Deferred financing costs represent commitment fees, legal fees, and other costs associated with obtaining commitments for financing. These costs are amortized over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing costs are expensed when the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not close.
	Deferred leasing costs, consisting primarily of lease commissions and professional fees incurred in connection with new leases, will be deferred and amortized over the term of the lease.
	Revenue Recognition
	The Company's revenues, which will be derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. Since many of the Company's leases will provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease.
	The Company will continually review receivables related to rent and unbilled rent receivables and determine collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company will record an increase in the Company's allowance for uncollectible accounts or record a direct write-off of the receivable in the Company's consolidated statements of operations.
	Offering and Related Costs
	Offering and related costs include all expenses incurred in connection with the Company’s IPO. Offering costs (other than selling commissions and the dealer manager fee) of the Company may be paid by the Advisor, the Dealer Manager or their affiliates on behalf of the Company. Offering and related costs include but are not limited to (i) legal, accounting, printing, mailing, and filing fees; (ii) escrow service related fees; (iii) reimbursement of the Dealer Manager for amounts it may pay to reimburse the itemized and detailed due diligence expenses of broker-dealers; and (iv) reimbursement to the Advisor for a portion of the costs of its employees and other costs in connection with preparing supplemental sales materials and related offering activities. The Company is obligated to reimburse the Advisor or its affiliates, as applicable, for organization and offering costs paid by them on behalf of the Company, provided that the Advisor is obligated to reimburse the Company to the extent organization and offering costs (excluding selling commissions and the dealer manager fee) incurred by the Company in its offering exceed 2.0% of gross offering proceeds. As a result, these costs are only a liability of the Company to the extent aggregate selling commissions, the dealer manager fees and other organization and offering costs do not exceed 12.0% of the gross proceeds determined at the end of the IPO (See Note 5 — Related Party Transactions and Arrangements).
	Share-Based Compensation
	The Company has a stock-based award plan, which is accounted for under the guidance for share based payments. The expense for such awards is included in general and administrative expenses and will be recognized over the vesting period or when the requirements for exercise of the award have been met (See Note 7 — Share-Based Compensation).
	Income Taxes
	For the period from April 24, 2014 (date of inception) to December 31, 2014, the Company will be taxed as a C corporation because it did not meet the requirements to be taxed as a REIT. The Company intends to make an election to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with the taxable year ending December 31, 2015. In order to qualify and continue to qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that the Company distribute annually at least 90% of the Company’s REIT taxable income to the Company’s stockholders. If the Company fails to continue to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, the Company will be subject to U.S. federal and state income taxes at regular corporate rates (including any applicable alternative minimum tax) beginning with the year in which it fails to qualify and may be precluded from being able to elect to be treated as a REIT for the Company’s four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.
	Per Share Data
	Net income (loss) per basic share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock considers the effect of potentially dilutive shares of common stock outstanding during the period.
	Recently Issued Accounting Pronouncements
	In April 2014, the FASB amended the requirements for reporting discontinued operations. Under the revised guidance, in addition to other disclosure requirements, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale, disposed of by sale or other than by sale. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In May 2014, the FASB issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is not permitted under accounting principles generally accepted in the United States ("GAAP"). The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. The Company is currently evaluating the impact of this new guidance.
	In June 2014, the FASB issued guidance updating the reporting requirements for development stage entities. The updated guidance removes the financial reporting distinction between development stage entities and other reporting entities from GAAP. Further, the guidance eliminates the requirements for development stage entities to present inception-to-date information in the statements of income, cash flows and shareholder equity, label the financial statements as those of a development stage entity, disclose a description of the development stage activities in which the entity is engaged and disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2014. Early adoption is permitted under GAAP for any annual period or interim period for which financial statements have not been issued or made available. Changes within the revised guidance will be applied retrospectively upon adoption. The Company has adopted the provisions of this guidance effective December 31, 2014, and have applied the provisions prospectively. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In August 2014, the FASB issued guidance relating to disclosure of uncertainties about an entity's ability to continue as a going concern. In connection with preparing financial statements for each annual and interim reporting period, management should evaluate whether there are conditions or events that raise substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued. If conditions or events raise substantial doubt about the entity's ability to continue as a going concern, the guidance requires management to disclose information that enables users of the financial statements to understand the conditions or events that raised the substantial doubt, management's evaluation of the significance of the conditions or events that led to the doubt, the entity’s ability to continue as a going concern and management's plans that are intended to mitigate or that have mitigated the conditions or events that raised substantial doubt about the entity's ability to continue as a going concern. There is no disclosure required unless there are conditions or events that have raised substantial doubt about the entity’s ability to continue as a going concern. The guidance is effective for the annual period ending after December 15, 2016 and for annual and interim periods thereafter. The Company elected to adopt the provisions of this guidance effective December 31, 2014, as early application is permitted. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2015, the FASB amended the accounting for consolidation of certain legal entities. The amendments modify the evaluation of whether certain legal entities are variable interest entities ("VIEs") or voting interest entities, eliminate the presumption that a general partner should consolidate a limited partnership and affect the consolidation analysis of reporting entities that are involved with VIEs (particularly those that have fee arrangements and related party relationships). The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. If the Company decides to early adopt the revised guidance in an interim period, any adjustments will be reflected as of the beginning of the fiscal year that includes the interim period. The Company is currently evaluating the impact of this new guidance.

Common_Stock

Common Stock	9 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Common Stock	Common Stock
	As of December 31, 2014, the Company had 11,554 shares of common stock outstanding, including unvested restricted shares, and had received total gross proceeds of $0.2 million.
	Share Repurchase Program
	The Company's board of directors has adopted a Share Repurchase Program (“SRP”) that enables stockholders to sell their shares to the Company in limited circumstances. The SRP permits investors to sell their shares back to the Company after they have held them for a least one year, subject to significant conditions and limitations described below.
	Prior to the time that the Company’s shares are listed on a national securities exchange and until the Company begins to calculate its NAV, the repurchase price per share will depend on the length of time investors have held such shares as follows: after one year from the purchase date — the lower of $23.13 or 92.5% of the amount they actually paid for each share; after two years from the purchase date — the lower of $23.75 or 95% of the amount they actually paid for each share; and after three years from the purchase date — the lower of $24.38 or 97.5% of the amount they actually paid for each share; (in each case, as adjusted for any stock distributions, combinations, splits and recapitalizations).
	Once the Company begins to calculate its NAV, the price per share that the Company will pay to repurchase the Company’s shares will be the Company's NAV per share of common stock for the quarter. Subject to limited exceptions, stockholders who redeem their shares of the Company's common stock within the first four months from the date of purchase will be subject to a short-term trading fee of 2% of the aggregate NAV per share of the shares of common stock received. Because the Company's NAV per share will be calculated quarterly, the repurchase price may fluctuate between the redemption request day and the date on which the Company pays redemption proceeds.
	The Company is only authorized to repurchase shares pursuant to the SRP using the proceeds received from the DRIP and will limit the amount spent to repurchase shares in a given quarter to the amount of proceeds received from the DRIP in that same quarter. In addition, the board of directors may reject a request for redemption, at any time. Due to these limitations, the Company cannot guarantee that it will be able to accommodate all repurchase requests. Purchases under the SRP by the Company will be limited in any calendar year to 5% of the weighted average number of shares outstanding on December 31 of the previous calendar year.
	When a stockholder requests a repurchase and the repurchase is approved, the Company will reclassify such obligation from equity to a liability based on the settlement value of the obligation. Shares purchased under the SRP will have the status of authorized but unissued shares. At December 31, 2014, no shares had been redeemed.
	The SRP will immediately terminate if our shares are listed on any national securities exchange. In addition, our board of directors may amend, suspend (in whole or in part) or terminate the SRP at any time upon 30 days’ prior written notice to our stockholders. Further, our board of directors reserves the right, in its sole discretion, to reject any requests for repurchases.
	Distribution Reinvestment Plan
	Pursuant to the DRIP, stockholders may elect to reinvest distributions by purchasing shares of common stock in lieu of receiving cash. No dealer manager fees or selling commissions will be paid with respect to shares purchased under the DRIP. Participants purchasing shares pursuant to the DRIP have the same rights and are treated in the same manner as if such shares were issued pursuant to the IPO. The board of directors may designate that certain cash or other distributions be excluded from the DRIP. The Company has the right to amend any aspect of the DRIP or terminate the DRIP with ten days’ notice to participants. Shares issued under the DRIP are recorded to equity in the accompanying balance sheets in the period distributions are declared. There have been no shares issued under the DRIP as of December 31, 2014.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies
	Litigation and Regulatory Matters
	In the ordinary course of business, the Company may become subject to litigation, claims and regulatory matters. There are no material legal or regulatory proceedings pending or known to be contemplated against the Company.
	Environmental Matters
	In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. The Company did not own any properties as of December 31, 2014, has not been notified by any governmental authority of any non-compliance, liability or other claim, and is not aware of any other environmental condition that it believes will have a material adverse effect on the results of operations.

Related_Party_Transactions_and

Related Party Transactions and Arrangements	9 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions and Arrangements	Related Party Transactions and Arrangements
	As of December 31, 2014, American Realty Capital Healthcare III Special Limited Partnership, LLC (the "Special Limited Partner"), an entity controlled by the Sponsor, owned 8,888 shares of the Company's outstanding common stock. The Advisor and its affiliates may incur and pay costs and fees on behalf of the Company. As of December 31, 2014, the Company had $1.2 million payable to affiliated entities, primarily related to funding the payment of regulatory filing fees, third party professional fees and other offering costs.
	Fees Paid in Connection with the IPO
	The Dealer Manager will be paid fees and compensation in connection with the sale of the Company's common stock in the IPO. The Dealer Manager will be paid a selling commission of up to 7.0% of the per share purchase price of the IPO proceeds before reallowance of commissions earned by participating broker-dealers. In addition, the Dealer Manager will receive up to 3.0% of the gross proceeds from the sale of shares, before reallowance to participating broker-dealers, as a dealer manager fee. The Dealer Manager may reallow its dealer manager fee to such participating broker-dealers. A participating broker dealer may elect to receive a fee equal to 7.5% of the gross proceeds from the sale of shares (not including selling commissions and dealer manager fees) by such participating broker dealer, with 2.5% thereof paid at the time of such sale and 1.0% thereof paid on each anniversary of the closing of such sale up to and including the fifth anniversary of the closing of such sale. If this option is elected, the dealer manager fee will be reduced to 2.5% of gross proceeds (not including selling commissions and dealer manager fees). No such fees have been incurred from the Dealer Manager during the period from April 24, 2014 (date of inception) to December 31, 2014.
	The Advisor and its affiliates will receive compensation and reimbursement for services relating to the IPO, including transfer agent services provided by an affiliate of the Dealer Manager. All offering costs incurred by the Company or its affiliated entities on behalf of the Company are charged to additional paid-in capital on the accompanying balance sheet as of December 31, 2014. During the period from April 24, 2014 (date of inception) to December 31, 2014, the Company has incurred $0.7 million in reimbursable offering costs from the Advisor and Dealer Manager. As of December 31, 2014, the Company had $0.7 million of such reimbursable offering costs payable to the Advisor and Dealer Manager.
	The Company is responsible for offering and related costs from the IPO, excluding commissions and dealer manager fees, up to a maximum of 2.0% of gross proceeds received from the IPO, measured at the end of the IPO. Offering costs in excess of the 2.0% cap as of the end of the IPO are the Advisor's responsibility. As of December 31, 2014, offering and related costs exceeded 2.0% of gross proceeds received from the IPO by $2.3 million, due to the on-going nature of the offering process and that many expenses were paid before the IPO commenced.
	Fees Paid in Connection With the Operations of the Company
	The Advisor will receive an acquisition fee of 1.5% of the contract purchase price of each property acquired and 1.5% of the amount advanced for a loan or other investment. The Advisor may also be reimbursed for services provided for which it incurs investment-related expense, or insourced expenses. Such insourced expenses may not exceed 0.5% of the contract purchase price of each acquired property and 0.5% of the amount advanced for a loan or other investment. Additionally, the Company reimburses the Advisor for third party acquisition expenses. We may also reimburse the Advisor for legal expenses it or its affiliates incur in connection with the selection, evaluation and acquisition of assets, in an amount not to exceed 0.1% of the contract purchase price of each property or 0.1% of the amount advanced for each loan or other investment. Once the proceeds from the IPO have been fully invested, the aggregate amount of acquisition fees and any financing coordination fees (as described below) may not exceed 2.0% of the contract purchase price and the amount advanced for a loan or other investment for all the assets acquired. In no event will the total of all acquisition fees, acquisition expenses and any financing coordination fees payable with respect to a particular investment exceed 4.5% of the contract purchase price of the Company's portfolio to be measured at the close of the acquisition phase or 4.5% of the amount advanced for all loans or other investments. No acquisition fees were incurred or forgiven during the period from April 24, 2014 (date of inception) to December 31, 2014.
	If the Advisor provides services in connection with the origination or refinancing of any debt that the Company obtains and uses to acquire properties or to make other permitted investments, or that is assumed, directly or indirectly, in connection with the acquisition of properties, the Company will pay the Advisor a financing coordination fee equal to 0.75% of the amount available and/or outstanding under such financing, subject to certain limitations. No financing coordination fees were incurred during the period from April 24, 2014 (date of inception) to December 31, 2014.
	For its asset management services, the Company will cause the OP to issue (subject to periodic approval by the board of directors) to the Advisor performance-based restricted partnership units of the OP designated as "Class B units," which are intended to be profit interest and will vest, and no longer be subject to forfeiture, at such time as: (x) the value of the OP's assets plus all distributions made equals or exceeds the total amount of capital contributed by investors plus a 6.0% cumulative, pre-tax, non-compounded annual return thereon (the "economic hurdle"); (y) any one of the following occurs: (1) a listing; (2) an other liquidity event or (3) the termination of the advisory agreement by an affirmative vote of a majority of the Company's independent directors without cause; and (z) the Advisor is still providing advisory services to the Company (the "performance condition"). Such Class B units will be forfeited immediately if: (a) the advisory agreement is terminated for any reason other than a termination without cause; or (b) the advisory agreement is terminated by an affirmative vote of a majority of the Company's independent directors without cause before the economic hurdle has been met.
	The asset management subordination is an amount equal to: (i) the excess of (A) the product of (y) the cost of assets (or the lower of the cost of assets and the applicable quarterly NAV once we begin calculating NAV) multiplied by (z) 0.1875% over (B) any amounts payable as an oversight fee (as described below) for such calendar quarter; divided by (ii) the value of one share of common stock as of the last day of such calendar quarter, which is equal initially to $22.50 (the IPO price minus the selling commissions and dealer manager fees). When and if approved by the board of directors, the Class B units are expected to be issued to the Advisor quarterly in arrears pursuant to the terms of the limited partnership agreement of the OP. The value of issued Class B units will be determined and expensed when the Company deems the achievement of the performance condition to be probable. The Advisor will receive distributions on unvested Class B units equal to the distribution rate received on the Company's common stock. Such distributions on issued Class B units will be expensed in the consolidated statement of operations and comprehensive loss until the performance condition is considered probable to occur. No Class B units have been approved by the Company's board of directors for issuance as of December 31, 2014.
	Unless the Company contracts with a third party, the Company will pay the Property Manager a property management fee of 1.5% of gross revenues from the Company's single-tenant net leased properties and 2.5% of gross revenues from all other types of properties. The Company will also reimburse the Property Manager for property level expenses. If the Company contracts directly with third parties for such services, the Company will pay them customary market fees and will pay the Property Manager an oversight fee of up to 1.0% of the gross revenues of the property managed. In no event will the Company pay the Property Manager or any affiliate of the Property Manager both a property management fee and an oversight fee with respect to any particular property. No property management fees were incurred during the period from April 24, 2014 (date of inception) to December 31, 2014.
	The Company will reimburse the Advisor's costs of providing administrative services, subject to the limitation that the Company will not reimburse the Advisor for any amount by which the Company's operating expenses at the end of the four preceding fiscal quarters exceeds the greater of (a) 2.0% of average invested assets and (b) 25.0% of net income other than any additions to reserves for depreciation, bad debt, impairments or other similar non-cash expenses and excluding any gain from the sale of assets for that period. Additionally, the Company will reimburse the Advisor for personnel costs in connection with other services during the operational stage; however, the Company may not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives acquisition fees or real estate commissions. No reimbursement was incurred from the Advisor for providing services during the period from April 24, 2014 (date of inception) to December 31, 2014.
	In order to improve operating cash flows and the ability to pay distributions from operating cash flows, the Advisor may elect to waive certain fees. If the Advisor waives certain fees, cash flow from operations that would have been paid to the Advisor may be available to pay distributions to stockholders. The fees that may be forgiven are not deferrals and accordingly, will not be paid to the Advisor in cash. In certain instances, to improve the Company's working capital, the Advisor may elect to absorb a portion of the Company's general and administrative costs. No fees were forgiven or expenses were absorbed by the Advisor during the period from April 24, 2014 (date of inception) to December 31, 2014.
	Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets
	The Company will pay the Advisor an annual subordinated performance fee calculated on the basis of the Company's total return to stockholders, payable annually in arrears, such that for any year in which the Company's total return on stockholder's capital exceeds 6.0% per annum, the Advisor will be entitled to 15.0% of the excess total return but not to exceed 10.0% of the aggregate total return for such year. This fee will be payable only upon the sale of assets, distributions or other event which results in the return on stockholder's capital exceeding 6.0% per annum. No subordinated performance fees were incurred during the period from April 24, 2014 (date of inception) to December 31, 2014.
	The Company will pay the Advisor a real estate commission on the sale of property, not to exceed the lesser of 2.0% of the contract sale price of the property and 50.0% of the total brokerage commission paid if a third party broker is also involved; provided, however, that in no event may the real estate commissions paid to the Advisor, its affiliates and unaffiliated third parties exceed the lesser of 6.0% of the contract sales price and a reasonable, customary and competitive real estate commission, in each case, payable to the Advisor if the Advisor or its affiliates, as determined by a majority of the independent directors, provided a substantial amount of services are provided in connection with the sale. No such fees were incurred during the period from April 24, 2014 (date of inception) to December 31, 2014.
	The Company will pay the Special Limited Partner a subordinated participation in the net sales proceeds of the sale of real estate assets of 15.0% of remaining net sale proceeds after return of capital contributions to investors plus payment to investors of a 6.0% cumulative, pre-tax non-compounded annual return on the capital contributed by investors. The Special Limited Partner will not be entitled to the subordinated participation in the net sales proceeds unless investors have received a return of their capital plus a return equal to a 6.0% cumulative non-compounded annual return on their capital contributions. No participation in net sales proceeds was incurred during the period from April 24, 2014 (date of inception) to December 31, 2014.
	If the Company's shares of common stock are listed on a national exchange, the Special Limited Partner will receive a subordinated incentive listing distribution from the OP equal to 15.0% of the amount by which the Company's market value plus distributions exceeds the aggregate capital contributed by investors plus an amount equal to a 6.0% cumulative, pre-tax non-compounded annual return to investors. The Company cannot assure that it will provide this 6.0% annual return but the Special Limited Partner will not be entitled to the subordinated incentive listing distribution unless investors have received a 6.0% cumulative, pre-tax non-compounded annual return on their capital contributions. No such distribution was incurred during the period from April 24, 2014 (date of inception) to December 31, 2014. Neither the Special Limited Partner nor any of its affiliates can earn both the subordinated participation in the net sales proceeds and the subordinated listing distribution.
	Upon termination or non-renewal of the advisory agreement with the Advisor, with or without cause, the Special Limited Partner will be entitled to receive distributions from the OP equal to 15% of the amount by which the sum of the Company's market value plus distributions exceeds the sum of the aggregate capital contributed by investors plus an amount equal to an annual 6% cumulative, pre-tax, non-compounded annual return to investors. The Special Limited Partner may elect to defer its right to receive a subordinated distribution upon termination until either a listing on a national securities exchange or other liquidity event occurs.

Economic_Dependency

Economic Dependency	9 Months Ended
	Dec. 31, 2014
Economic Dependency [Abstract]
Economic Dependency	Economic Dependency
	Under various agreements, the Company has engaged or will engage the Advisor, its affiliates and entities under common ownership with the Advisor to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, the sale of shares of the Company's common stock available for issue, transfer agency services, as well as other administrative responsibilities for the Company including accounting services, transaction management services and investor relations.
	As a result of these relationships, the Company is dependent upon the Advisor and its affiliates. In the event that the Advisor and its affiliates are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services.

ShareBased_Compensation

Share-Based Compensation	9 Months Ended
	Dec. 31, 2014
Share-based Compensation [Abstract]
Share-Based Compensation	Share-Based Compensation
	Restricted Share Plan
	The Company has an employee and director incentive restricted share plan (the "RSP"), which provides for the automatic grant of 1,333 restricted shares of common stock to each of the independent directors, without any further action by the Company's board of directors or the stockholders, on the date of initial election to the board of directors and on the date of each annual stockholder's meeting. Restricted stock issued to independent directors will vest over a five-year period following the first anniversary of the date of grant in increments of 20.0% per annum. The RSP provides the Company with the ability to grant awards of restricted shares to the Company's directors, officers and employees (if the Company ever has employees), employees of the Advisor and its affiliates, employees of entities that provide services to the Company, directors of the Advisor or of entities that provide services to the Company, certain consultants to the Company and the Advisor and its affiliates or to entities that provide services to the Company. The total number of common shares granted under the RSP may not exceed 5.0% of the Company's outstanding shares of common stock on a fully diluted basis at any time and in any event will not exceed 6.3 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events).
	Restricted share awards entitle the recipient to receive common shares from the Company under terms that provide for vesting over a specified period of time or upon attainment of pre-established performance objectives. Such awards would typically be forfeited with respect to the unvested shares upon the termination of the recipient's employment or other relationship with the Company. Restricted shares may not, in general, be sold or otherwise transferred until restrictions are removed and the shares have vested. Holders of restricted shares may receive cash distributions prior to the time that the restrictions on the restricted shares have lapsed. Any distributions payable in common shares shall be subject to the same restrictions as the underlying restricted shares.
	The fair value of the shares is expensed on a straight-line basis over the service period of five years. There have been 2,666 restricted shares granted under the RSP at $22.50 per share during the period from April 24, 2014 (date of inception) to December 31, 2014. Compensation expense related to restricted stock was approximately $4,000 for the period from April 24, 2014 (date of inception) to December 31, 2014. Compensation expense related to restricted stock is recorded as general and administrative expense in the accompanying consolidated statement of operations. As of December 31, 2014, the Company had approximately $0.1 million of unrecognized compensation cost related to unvested restricted stock award grants under the Company's RSP. That cost is expected to be recognized over a weighted average period of 4.6 years.

Quarterly_Results_Unaudited

Quarterly Results (Unaudited)	9 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results (Unaudited)	Quarterly Results (Unaudited)
	Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2014.
		Period from			Three Months Ended
		24-Apr-14
		(date of inception) to
	(In thousands, except for share and per share data)	June 30, 2014			September 30, 2014			December 31, 2014
	Total revenues	$	—		$	—		$	—
	Net loss	$	(16	)	$	(28	)	$	(136	)
	Basic and diluted weighted average shares outstanding	5,359			8,888			8,888
	Basic and diluted loss per share	$	(2.99	)	$	(3.15	)	$	(15.30	)

Subsequent_Events

Subsequent Events	9 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events
	The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K and determined that there have not been any events that have occurred that would require adjustments to disclosures in the consolidated financial statements except for the following transactions:
	Declaration of Distribution Rate
	On January 29, 2015, the Company's board of directors authorized, and the Company declared, distributions payable to stockholders of record each day during the applicable period at a rate equal to $0.0042808219 per day based on a price of $25.00 per share of common stock. Distributions began to accrue on March 15, 2015, which was the earlier of: (i) March 15, 2015; and 15 days following our initial property acquisition, which occurred on March 6, 2015. Distributions will be payable by the 5th day following each month end to stockholders of record at the close of business each day during the prior month. Distribution payments are dependent on the availability of funds. The board of directors may reduce the amount of distributions paid or suspend distribution payments at any time and therefore distribution payments are not assured.
	Escrow Break
	On February 11, 2015, the Company raised proceeds sufficient to break general escrow in connection with its initial public offering on a reasonable best efforts basis. The Company received and accepted subscriptions in excess of the minimum $2.0 million and issued shares of its common stock to its initial investors who were admitted as stockholders.
	Sales of Common Stock
	As of March 15, 2015, the Company had 345,184 shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP from total gross proceeds from the IPO and the DRIP of $8.3 million.
	The capital raised to date is as follows:
	Source of Capital (In thousands)	Inception to December 31, 2014			January 1, 2015 to March 15, 2015				Total
	Common stock	$	202		$	8,083			$	8,285
	Acquisitions
	The following table presents certain information about the properties that the Company acquired from January 1, 2015 to March 15, 2015:
		Number of Properties		Rentable Square Feet			Base Purchase Price (1)
							(In thousands)
	Portfolio, December 31, 2014	—		—			$	—
	Acquisitions	1		7,247			1,650
	Portfolio, March 15, 2015	1		7,247			$	1,650
	________________________
	(1) Contract purchase price, excluding acquisition related costs.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting
	The accompanying financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation
	The accompanying consolidated financial statements include the accounts of the Company and the OP. All inter-company accounts and transactions are eliminated in consolidation. In determining whether the Company has a controlling financial interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, authority to make decisions and contractual and substantive participating rights of the other partners or members as well as whether the entity is a variable interest entity for which the Company is the primary beneficiary.
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. When the Company commences operations, management may make significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, and fair value measurements, as applicable.
Real Estate Investments	Real Estate Investments
	Investments in real estate will be recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance will be expensed as incurred.
	The Company will evaluate the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are recorded as an expense in the consolidated statement of operations. If an acquisition qualifies as an asset acquisition, the related transaction costs are generally capitalized and subsequently amortized over the useful life of the acquired assets.
	In business combinations, the Company will allocate the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities based on their respective fair values. Tangible assets may include land, land improvements, buildings and fixtures. Intangible assets may include the value of in-place leases and above- and below-market leases and other identifiable intangible assets or liabilities based on lease or property specific characteristics. In addition, any assumed mortgages receivable or payable and any assumed or issued noncontrolling interests are recorded at their estimated fair values.
	The fair value of the tangible assets of an acquired property with an in-place operating lease will be determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to the tangible assets based on the fair value of the tangible assets. The fair value of in-place leases will be determined by considering estimates of carrying costs during the expected lease-up periods, current market conditions, as well as costs to execute similar leases. The fair value of above- or below-market leases is recorded based on the present value of the difference between the contractual amount to be paid pursuant to the in-place lease and the Company's estimate of the fair market lease rate for the corresponding in-place lease, measured over the remaining term of the lease, including any below-market fixed rate renewal options for below-market leases.
	In allocating the fair value to assumed mortgages, amounts will be recorded to debt premiums or discounts based on the present value of the estimated cash flows, which is calculated to account for either above- or below-market interest rates.
	In allocating non-controlling interests, amounts will be recorded based on the fair value of units issued at the date of acquisition, as determined by the terms of the applicable agreement.
	In making estimates of fair values for purposes of allocating purchase price, the Company will utilize a number of sources, including real estate valuations, prepared by independent valuation firms. The Company also will consider information and other factors including market conditions, the industry that the tenant operates in, characteristics of the real estate, i.e. location, size, demographics, value and comparative rental rates, tenant credit profile and the importance of the location of the real estate to the operations of the tenant’s business.
	The Company will be required to present the operations related to properties that have been sold or properties that are intended to be sold as discontinued operations in the consolidated statements of operations and comprehensive income (loss) at the lesser of the carrying amount or fair value less estimated selling costs for all periods presented to the extent the disposal of a component represents a strategic shift that has or will have a major effect on the Company’s operations and financial results. Properties that are intended to be sold are to be designated as "held for sale" on the consolidated balance sheet when they meet specific criteria to be presented as held for sale. Properties are no longer depreciated when they are classified as held for sale.
Depreciation and Amortization	Depreciation and Amortization
	The Company will be required to make subjective assessments as to the useful lives of the components of the Company's real estate investments for purposes of determining the amount of depreciation to record on an annual basis. These assessments have a direct impact on the Company's net income because if the Company were to shorten the expected useful lives of the Company's real estate investments, the Company would depreciate these investments over fewer years, resulting in more depreciation expense and lower net income on an annual basis.
	Depreciation will be computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and improvements, and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests.
	Capitalized above-market lease values will be amortized as a reduction of rental income over the remaining terms of the respective leases. Capitalized below-market lease values will be amortized as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods.
	Capitalized above-market ground lease values will be amortized as a reduction of property operating expense over the remaining terms of the respective leases. Capitalized below-market ground lease values will be amortized as an increase to property operating expense over the remaining terms of the respective leases and expected below-market renewal option periods.
	The value of in-place leases, exclusive of the value of above-market and below-market in-place leases, will be amortized to expense over the remaining periods of the respective leases.
	The assumed mortgage premiums or discounts will be amortized as an increase or reduction to interest expense over the remaining term of the respective mortgages.
Impairment of Long-Lived Assets	Impairment of Long Lived Assets
	When circumstances indicate the carrying value of a property may not be recoverable, the Company will review the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income.
Cash	Cash
	Cash includes cash in bank accounts. The Company deposits cash with high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company up to an insurance limit.
Restricted Cash	Restricted Cash
	Restricted cash may primarily consist of reserves related to lease expirations as well as maintenance, structural, and debt service reserves.
Investments in Securities	Investments in Securities
	The Company will classify its investments in debt or equity securities into one of three classes: held-to-maturity, available-for-sale or trading, as applicable.  Investments in debt securities that the Company has the positive intent and ability to hold until maturity are classified as held-to-maturity and are reported at amortized cost. Debt and equity securities that are bought and held principally for the purposes of selling them in the near future are classified as trading securities. Debt and equity securities not classified as trading securities or as held-to-maturity securities are classified as available-for-sale securities and are reported at fair value, with unrealized holding gains and losses reported as a component of equity within accumulated other comprehensive income or loss. Gains or losses on securities sold will be based on the specific identification method.
	The Company will evaluate its investments in securities for impairment or other-than-temporary impairment on a quarterly basis.  The Company will review each investment individually and assesses factors that may include (i) if the carrying amount of an investment exceeds its fair value, (ii) if there has been any change in the market as a whole or in the investee’s market, (iii) if there are any plans to sell the investment in question or if the Company believes it may be forced to sell its investment, and (iv) if there have been any other factors that would indicate the possibility of the existence of an other-than-temporary impairment. The fair value of the Company’s investments in available-for-sale securities generally will rise and fall based on current market conditions. If, after reviewing relevant factors surrounding an impaired security, the Company determines that it will not recover its full investment in an impaired security, the Company recognizes an other-than-temporary impairment charge in the consolidated statements of income and comprehensive loss in the period in which the other-than-temporary impairment is determined, regardless of whether or not the Company plans to sell or believes it will be forced to sell the security in question.
Deferred Costs	Deferred Costs
	Deferred costs may consist of deferred financing costs and deferred leasing costs. Deferred financing costs represent commitment fees, legal fees, and other costs associated with obtaining commitments for financing. These costs are amortized over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing costs are expensed when the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not close.
	Deferred leasing costs, consisting primarily of lease commissions and professional fees incurred in connection with new leases, will be deferred and amortized over the term of the lease.
Revenue Recognition	Revenue Recognition
	The Company's revenues, which will be derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. Since many of the Company's leases will provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease.
	The Company will continually review receivables related to rent and unbilled rent receivables and determine collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company will record an increase in the Company's allowance for uncollectible accounts or record a direct write-off of the receivable in the Company's consolidated statements of operations.
Offering and Related Costs	Offering and Related Costs
	Offering and related costs include all expenses incurred in connection with the Company’s IPO. Offering costs (other than selling commissions and the dealer manager fee) of the Company may be paid by the Advisor, the Dealer Manager or their affiliates on behalf of the Company. Offering and related costs include but are not limited to (i) legal, accounting, printing, mailing, and filing fees; (ii) escrow service related fees; (iii) reimbursement of the Dealer Manager for amounts it may pay to reimburse the itemized and detailed due diligence expenses of broker-dealers; and (iv) reimbursement to the Advisor for a portion of the costs of its employees and other costs in connection with preparing supplemental sales materials and related offering activities. The Company is obligated to reimburse the Advisor or its affiliates, as applicable, for organization and offering costs paid by them on behalf of the Company, provided that the Advisor is obligated to reimburse the Company to the extent organization and offering costs (excluding selling commissions and the dealer manager fee) incurred by the Company in its offering exceed 2.0% of gross offering proceeds. As a result, these costs are only a liability of the Company to the extent aggregate selling commissions, the dealer manager fees and other organization and offering costs do not exceed 12.0% of the gross proceeds determined at the end of the IPO (See Note 5 — Related Party Transactions and Arrangements).
Share-Based Compensation	Share-Based Compensation
	The Company has a stock-based award plan, which is accounted for under the guidance for share based payments. The expense for such awards is included in general and administrative expenses and will be recognized over the vesting period or when the requirements for exercise of the award have been met (See Note 7 — Share-Based Compensation).
Income Taxes	Income Taxes
	For the period from April 24, 2014 (date of inception) to December 31, 2014, the Company will be taxed as a C corporation because it did not meet the requirements to be taxed as a REIT. The Company intends to make an election to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with the taxable year ending December 31, 2015. In order to qualify and continue to qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that the Company distribute annually at least 90% of the Company’s REIT taxable income to the Company’s stockholders. If the Company fails to continue to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, the Company will be subject to U.S. federal and state income taxes at regular corporate rates (including any applicable alternative minimum tax) beginning with the year in which it fails to qualify and may be precluded from being able to elect to be treated as a REIT for the Company’s four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.
Per Share Data	Per Share Data
	Net income (loss) per basic share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock considers the effect of potentially dilutive shares of common stock outstanding during the period.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements
	In April 2014, the FASB amended the requirements for reporting discontinued operations. Under the revised guidance, in addition to other disclosure requirements, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale, disposed of by sale or other than by sale. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In May 2014, the FASB issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is not permitted under accounting principles generally accepted in the United States ("GAAP"). The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. The Company is currently evaluating the impact of this new guidance.
	In June 2014, the FASB issued guidance updating the reporting requirements for development stage entities. The updated guidance removes the financial reporting distinction between development stage entities and other reporting entities from GAAP. Further, the guidance eliminates the requirements for development stage entities to present inception-to-date information in the statements of income, cash flows and shareholder equity, label the financial statements as those of a development stage entity, disclose a description of the development stage activities in which the entity is engaged and disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2014. Early adoption is permitted under GAAP for any annual period or interim period for which financial statements have not been issued or made available. Changes within the revised guidance will be applied retrospectively upon adoption. The Company has adopted the provisions of this guidance effective December 31, 2014, and have applied the provisions prospectively. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In August 2014, the FASB issued guidance relating to disclosure of uncertainties about an entity's ability to continue as a going concern. In connection with preparing financial statements for each annual and interim reporting period, management should evaluate whether there are conditions or events that raise substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued. If conditions or events raise substantial doubt about the entity's ability to continue as a going concern, the guidance requires management to disclose information that enables users of the financial statements to understand the conditions or events that raised the substantial doubt, management's evaluation of the significance of the conditions or events that led to the doubt, the entity’s ability to continue as a going concern and management's plans that are intended to mitigate or that have mitigated the conditions or events that raised substantial doubt about the entity's ability to continue as a going concern. There is no disclosure required unless there are conditions or events that have raised substantial doubt about the entity’s ability to continue as a going concern. The guidance is effective for the annual period ending after December 15, 2016 and for annual and interim periods thereafter. The Company elected to adopt the provisions of this guidance effective December 31, 2014, as early application is permitted. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2015, the FASB amended the accounting for consolidation of certain legal entities. The amendments modify the evaluation of whether certain legal entities are variable interest entities ("VIEs") or voting interest entities, eliminate the presumption that a general partner should consolidate a limited partnership and affect the consolidation analysis of reporting entities that are involved with VIEs (particularly those that have fee arrangements and related party relationships). The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. If the Company decides to early adopt the revised guidance in an interim period, any adjustments will be reflected as of the beginning of the fiscal year that includes the interim period. The Company is currently evaluating the impact of this new guidance.

Quarterly_Results_Unaudited_Ta

Quarterly Results (Unaudited) (Tables)	9 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2014.
		Period from			Three Months Ended
		24-Apr-14
		(date of inception) to
	(In thousands, except for share and per share data)	June 30, 2014			September 30, 2014			December 31, 2014
	Total revenues	$	—		$	—		$	—
	Net loss	$	(16	)	$	(28	)	$	(136	)
	Basic and diluted weighted average shares outstanding	5,359			8,888			8,888
	Basic and diluted loss per share	$	(2.99	)	$	(3.15	)	$	(15.30	)

Subsequent_Events_Tables

Subsequent Events (Tables)	9 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Schedule of Subsequent Events	The following table presents certain information about the properties that the Company acquired from January 1, 2015 to March 15, 2015:
		Number of Properties		Rentable Square Feet			Base Purchase Price (1)
							(In thousands)
	Portfolio, December 31, 2014	—		—			$	—
	Acquisitions	1		7,247			1,650
	Portfolio, March 15, 2015	1		7,247			$	1,650
	________________________
	(1) Contract purchase price, excluding acquisition related costs.
	The capital raised to date is as follows:
	Source of Capital (In thousands)	Inception to December 31, 2014			January 1, 2015 to March 15, 2015				Total
	Common stock	$	202		$	8,083			$	8,285

Organization_Details

Organization (Details) (USD $)	Dec. 31, 2014	Aug. 20, 2014
Class of Stock [Line Items]
Stock available for issuance in public offering		$3,100,000,000
Common stock, par value (in dollars per share)	$0.01	$0.01
Members or limited partners, ownership interest units (in shares)	90
Common Stock
Class of Stock [Line Items]
Share Price (in dollars per share)		$25
Shares available for issuance under a distribution reinvestment plan (in shares)		26,300,000
American Realty Capital Healthcare II Advisors, LLC | Advisor
Class of Stock [Line Items]
Limited partners' contributed capital	$2,020
Minimum | Common Stock
Class of Stock [Line Items]
Share Price, DRIP (in dollars per share)	$23.75
Share Price, DRIP, percentage of estimated value of common stock	95.00%

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Apr. 24, 2014
Schedule of Shares Repurchased [Line Items]
Cash	187	$0
Maximum
Schedule of Shares Repurchased [Line Items]
Liability for offering and related costs from IPO	2.00%
Offering costs, as a percentage of gross common stock proceeds	12.00%
Building
Schedule of Shares Repurchased [Line Items]
Property useful life	40 years
Land Improvements
Schedule of Shares Repurchased [Line Items]
Property useful life	15 years
Furniture and Fixtures
Schedule of Shares Repurchased [Line Items]
Property useful life	5 years

Common_Stock_Details

Common Stock (Details) (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	11,554
Proceeds from issuance of common stock	$202
Short term trading fee	2.00%
Repurchase price as a percent of shares outstanding	5.00%
Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	11,554
Maximum | One Year
Class of Stock [Line Items]
Share repurchase price (in dollars per share)	$23.13
Repurchase price as a percent of share price	92.50%
Maximum | Two Years
Class of Stock [Line Items]
Share repurchase price (in dollars per share)	$23.75
Repurchase price as a percent of share price	95.00%
Maximum | Three Years
Class of Stock [Line Items]
Share repurchase price (in dollars per share)	$24.38
Repurchase price as a percent of share price	97.50%

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Details) (USD $)	9 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2014
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	11,554
Share Price (in dollars per share)	$22.50
Special Limited Partner | American Realty Capital Healthcare III Special Limited Partnership, LLC
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	8,888
Dealer Manager
Related Party Transaction [Line Items]
Cumulative offering costs	$0.70
Aggregate costs born by related party	2.3
Maximum
Related Party Transaction [Line Items]
Liability for offering and related costs from IPO	2.00%
Gross Proceeds, Common Stock | Maximum | Dealer Manager | Realty Capital Securities, LLC
Related Party Transaction [Line Items]
Sales commissions as a percentage of benchmark	7.00%
Contract Purchase Price | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark	1.50%
Financing advance fees as a percentage of benchmark, expected third party costs	0.50%
Quarterly asset management fee earned	0.19%
Contract Purchase Price | Maximum | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark	4.50%
Reimbursed legal fees to related party	0.10%
Advance on Loan or Other Investment | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Financing advance fees as a percentage of benchmark, expected third party costs	0.50%
Financing advance fees as a percentage of benchmark	1.50%
Advance on Loan or Other Investment | Maximum | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark	2.00%
Reimbursed legal fees to related party	0.10%
Financing advance fees as a percentage of benchmark	4.50%
Contract Purchase Price, All Assets Acquired | Maximum | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark	2.00%
Gross Revenue, Managed Properties | Maximum | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Oversight fees earned by related party	1.00%
Pre-tax Non-compounded Return on Capital Contribution | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Cumulative capital investment return to investors as a percentage of benchmark	6.00%
Subordinated performance fee as a percentage of benchmark	15.00%
Pre-tax Non-compounded Return on Capital Contribution | Maximum | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Subordinated performance fee as a percentage of benchmark	10.00%
Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Subordinated participation fees as a percentage of benchmark	15.00%
Distribution upon nonrenewal of advisory agreement	15.00%
Contract Sales Price | Maximum | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark	2.00%
Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Subordinated performance fee as a percentage of benchmark	15.00%
Amount Available or Outstanding Under Financing Arrangement | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Financing coordination fees earned	0.75%
Gross Revenue, Stand-alone Single-tenant Net Leased Properties | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Property management fees earned	1.50%
Gross Revenue, Excluding Stand-alone Single-tenant Net Leased Properties | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Property management fees earned	2.50%
Acquisition and Related Expenses
Related Party Transaction [Line Items]
Due to affiliates	1.2
Annual Targeted Investor Return | Pre-tax Non-compounded Return on Capital Contribution | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Cumulative capital investment return to investors as a percentage of benchmark	6.00%
Brokerage Commission Fees | Contract Sales Price | Maximum | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark	50.00%
Real Estate Commissions | Contract Sales Price | Maximum | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark	6.00%
Option One | Gross Proceeds, Common Stock | Maximum | Dealer Manager | Realty Capital Securities, LLC
Related Party Transaction [Line Items]
Fee earned by related party, percentage of benchmark	3.00%
Option Two | Gross Proceeds, Common Stock | Dealer Manager | Realty Capital Securities, LLC
Related Party Transaction [Line Items]
Fee earned by related party, percentage of benchmark	2.50%
Greater Of | Average Invested Assets | Maximum | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark	2.00%
Greater Of | Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets | Maximum | Advisor | American Realty Capital Healthcare II Advisors, LLC
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark	25.00%
Cumulative Offering Costs | Dealer Manager
Related Party Transaction [Line Items]
Due to affiliates	$0.70
Gross Proceeds, Common Stock | Option One | Gross Proceeds, Common Stock | Maximum | Participating Broker-Dealer [Member]
Related Party Transaction [Line Items]
Brokerage fees earned by related party	7.50%
Transaction Fee Upon Consummation of the Sale | Option One | Gross Proceeds, Common Stock | Maximum | Participating Broker-Dealer [Member]
Related Party Transaction [Line Items]
Brokerage fees earned by related party	2.50%
Fee Paid at Anniversary of Sale | Option One | Gross Proceeds, Common Stock | Maximum | Participating Broker-Dealer [Member]
Related Party Transaction [Line Items]
Brokerage fees earned by related party	1.00%

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	9 Months Ended
	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$4,000
Restricted Share Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted automatically upon election to board of directors (in shares)	1,333
Periodic vesting percentage	20.00%
Maximum authorized amount as a percentage of shares authorized	5.00%
Number of shares authorized (in shares)	6,300,000
Vesting period	5 years
Shares issued (in shares)	2,666
Granted share price (in dollars per share)	$22.50
Share-based compensation	4,000
Unrecognized compensation costs	$100,000
Weighted average period of recognition	4 years 7 months 6 days

Quarterly_Results_Unaudited_De

Quarterly Results (Unaudited) (Details) (USD $)	2 Months Ended	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Revenues	$0	$0	$0	$0
Net loss	($16)	($136)	($28)	($180)
Basic weighted average shares outstanding (in shares)	5,359	8,888	8,888
Basic and diluted net loss per share (in dollars per share)	($2.99)	($15.30)	($3.15)	($22.68)

Subsequent_Events_Details

Subsequent Events (Details) (Subsequent Event, USD $)	0 Months Ended
	Feb. 11, 2015	Jan. 29, 2015	Jan. 29, 2015
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per day (in dollars per share)		$0.00
Share Price (in dollars per share)		$25	$25
Minimum subscriptions required to break escrow	$2,000,000

Subsequent_Events_Sale_of_Comm

Subsequent Events - Sale of Common Stock (Details) (USD $)	9 Months Ended	3 Months Ended	11 Months Ended
	Dec. 31, 2014	Mar. 15, 2015	Mar. 15, 2015
Subsequent Event [Line Items]
Common stock, shares outstanding (in shares)	11,554
Proceeds from issuance of common stock	$202,000
Subsequent Event
Subsequent Event [Line Items]
Common stock, shares outstanding (in shares)		345,184	345,184
Common stock issuance, gross proceeds, net of repurchases			8,300,000
Proceeds from issuance of common stock		$8,083,000	$8,285,000

Subsequent_Events_Acquisitions

Subsequent Events - Acquisitions (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 15, 2015		Dec. 31, 2014
	property		sqft
	sqft		property
Property Acquisition [Roll Forward]
Number of properties, beginning balance			0
Rentable square feet, beginning balance			0
Base purchase price, beginning balance			$0	[1]
Number of properties, Ending balance			0
Rentable square feet, ending balance			0
Base purchase price, ending balance			0	[1]
Subsequent Event
Property Acquisition [Roll Forward]
Number of properties acquired	1
Rentable square feet acquired	7,247
Base purchase price acquired	1,650	[1]
Number of properties, Ending balance	1
Rentable square feet, ending balance	7,247
Base purchase price, ending balance	$1,650	[1]
[1]	Contract purchase price, excluding acquisition related costs.