American Realty Capital Global Trust II 10-K 1 Apr 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
	Dec. 31, 2014	Mar. 13, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	American Realty Capital Global Trust II, Inc.
Entity Central Index Key	1609865
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 Shares, Shares Outstanding		3,434,840
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$0

CONSOLIDATED_BALANCE_SHEET

CONSOLIDATED BALANCE SHEET (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Real estate investments, at cost:
Land	$5,271
Buildings, fixtures and improvements	23,669
Acquired intangible lease assets	4,520
Total real estate investments, at cost	33,460
Less accumulated depreciation and amortization	0
Total real estate investments, net	33,460
Cash and cash equivalents	1,286
Derivatives, at fair value	250
Deposits for real estate acquisitions	5,464
Prepaid expenses and other assets	7,265
Receivable for sale of common stock	891
Deferred costs, net	749
Total assets	49,365
LIABILITIES AND STOCKHOLDERS' EQUITY
Short term notes payable	6,746
Mortgage notes payable	17,139
Derivatives, at fair value	86
Due to affiliates	1,268
Accounts payable and accrued expenses	300
Deferred rent	366
Distributions payable	155
Total liabilities	26,060
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 1,297,355 shares issued and outstanding at December 31, 2014	13
Additional paid-in capital	26,004
Accumulated other comprehensive loss	-41
Accumulated deficit	-2,671
Total stockholders' equity	23,305
Total liabilities and stockholders' equity	$49,365

CONSOLIDATED_BALANCE_SHEET_Par

CONSOLIDATED BALANCE SHEET (Parenthetical) (USD $)	Dec. 31, 2014
Statement of Financial Position [Abstract]
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	1,297,355
Common stock, outstanding	1,297,355

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014
Revenue:
Rental income	$20
Total revenues	20
Expenses:
Acquisition and transaction related	1,918
General and administrative	496
Total expenses	2,414
Operating loss	-2,394
Other income (expense):
Interest expense	-6
Loss on foreign currency	-54
Total other Income (expense)	-60
Net loss	-2,454
Other comprehensive income (loss):
Change in cumulative translation adjustment	-205
Designated derivatives, fair value adjustments	164
Comprehensive loss	($2,495)
Basic and diluted weighted average shares outstanding	684,769
Basic and diluted net loss per share	($3.58)

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
In Thousands, except Share data, unless otherwise specified
Beginning Balance at Apr. 22, 2014	$0	$0	$0	$0	$0
Beginning Balance (in shares) at Apr. 22, 2014		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		1,296,173
Issuance of common stock	32,145	13	32,132		0
Common stock offering costs, commissions and dealer manager fees	-6,160		-6,160
Common stock issued through distribution reinvestment plan (in shares)		1,182
Common stock issued through distribution reinvestment plan	28		28
Share-based compensation (in shares)		0
Share-based compensation	0
Amortization of restricted shares	4		4
Distributions declared	-241				-241
Net loss	-2,454				-2,454
Cumulative translation adjustment	-181			-205	24
Other comprehensive loss	164			164
Ending Balance at Dec. 31, 2014	$23,305	$13	$26,004	($41)	($2,671)
Ending Balance (in shares) at Dec. 31, 2014		1,297,355

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Cash flows from operating activities:
Net loss	($2,454)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of deferred financing costs	3
Share-based compensation	4
Changes in assets and liabilities:
Due to affiliates	1,268
Prepaid expenses and other assets	-519
Accounts payable and accrued expenses	-1,508
Deferred rent	366
Net cash used in operating activities	-2,840
Cash flows from investing activities:
Investment in real estate and other assets	-16,497
Deposits for real estate acquisitions	-5,464
Net cash used in investing activities	-21,961
Cash flows from financing activities:
Payments of deferred financing costs	-752
Proceeds from issuance of common stock	31,254
Payments of offering costs	-4,352
Distributions paid	-59
Net cash provided by financing activities	26,091
Net change in cash and cash equivalents	1,290
Effect of exchange rate on cash	-4
Cash and cash equivalents, beginning of period	0
Cash and cash equivalents, end of period	1,286
Supplemental Disclosures
Cash paid for interest	0
Non-Cash Investing and Financing Activities:
VAT refund receivable	-6,746
Mortgage notes payable assumed or used to acquire investments in real estate	17,323
Proceeds from note payable	6,746
Common stock issued through distribution reimbursement plan	$28

Organization

Organization	9 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization
	American Realty Capital Global Trust II, Inc. (the “Company”) was incorporated on April 23, 2014 (date of inception) 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, 2014 or its first year of material operations. On August 26, 2014, the Company commenced its initial public offering (the “IPO”) on a “reasonable best efforts” basis of up to 125.0 million shares 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, as amended (File No. 333-196549) (the “Registration Statement”), filed with the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”). The Registration Statement also covers up to 26.3 million shares of common stock 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.
	On October 17, 2014, the Company received and accepted subscriptions in excess of $2.0 million of common stock, broke escrow and issued shares of its common stock to its initial investors.The Company purchased its first property and commenced active operations on December 29, 2014. As of December 31, 2014, the Company had 1,297,355 shares of common stock outstanding, including unvested restricted shares and shares issued under the DRIP. Total gross proceeds from these issuances were $32.2 million, including proceeds from shares issued under the DRIP.
	Until the 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 (as described below), 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 net asset value, or NAV, as determined by American Realty Capital Global II Advisors, LLC (the “Advisor”), plus applicable commissions and fees, in the case of the primary offering, 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 March 16, 2017, which is 150 days following the second anniversary of the date that we broke escrow in the IPO.
	The Company sold 8,888 shares of common stock to American Realty Capital Global II Special Limited Partner, LLC (the “Special Limited Partner”) an entity controlled by American Realty Capital II, LLC (the “Sponsor”) on May 28, 2014, at $22.50 per share for $0.2 million. Substantially all of the Company’s business will be conducted through American Realty Capital Global II 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 Company expects that the Special Limited Partner will contribute $2,020 to the OP in exchange for 90 units of limited partner interest in the aggregate OP ownership, which will represent 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 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 Company has retained the American Realty Capital Global II Advisors, LLC (the "Advisor"), to manage its affairs on a day-to-day basis. American Realty Capital Global II Properties, LLC (the “Property Manager”) serves as the Company’s property manager. The Advisor entered into a service agreement with an independent third party, Moor Park Capital Global II Advisors Limited (the “Service Provider”), pursuant to which the Service Provider has agreed to provide, subject to the Advisor’s oversight, certain real estate related services, including sourcing and structuring of investment opportunities, performance of due diligence, and arranging debt financing and equity investment syndicates in respect to the Company’s properties in Europe. 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 the parent of the Sponsor, as a result of which, they are related parties, and each of which have or will receive compensation, fees and expense reimbursements for services related to the IPO and the investment and management of the Company's assets. The Advisor, Special Limited Partner, Property Manager and Dealer Manager have or will receive fees, distributions and other compensation during the offering, acquisition, operational and liquidation stages.
	The Company was formed to primarily acquire a diversified portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant net-leased commercial properties. The Company intends to invest 50% of its capital in real estate in the United States and 50% of its capital in real estate in Europe; however, it may reallocate up to 20% of its total capital for additional investments in Europe or elsewhere internationally. 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 owned two properties in France with an aggregate purchase price of $33.8 million, comprised of 189,672 rented square feet which were leased with a weighted-average remaining lease term of 8.6 years.

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 consolidated 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”).

Development Stage Company

On October 17, 2014, the Company received and accepted subscriptions in excess of $2.0 million of common stock in connection with its IPO on a reasonable best efforts basis. broke escrow and issued shares of its common stock to its initial investors. The Company purchased its first property and commenced active operations on December 29, 2014, and as of such date was no longer considered to be a development stage company.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been 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. As of December 31, 2014, the Company does not have investments in variable interest entities ("VIE").

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. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, real estate taxes and derivative financial instruments and hedging activities, as applicable.

Real Estate Investments

Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. Depreciation is 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 the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests.

The Company evaluates 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 statements of operations and comprehensive loss. 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 allocates 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, fixtures and tenant improvements. Intangible assets may include the value of in-place leases and above- and below- market leases. In addition, any assumed mortgages receivable or payable and any assumed or issued noncontrolling interests are recorded at their estimated fair values.

The Company is required to make subjective assessments as to the useful lives of the Company's properties for purposes of determining the amount of depreciation to record on an annual basis with respect to the Company's investments in real estate. 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 investments in real estate, the Company would depreciate these investments over fewer years, resulting in more depreciation expense and lower net income on an annual basis.

The Company is 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 statement of operations for all periods presented. Properties that are intended to be sold are to be designated as “held for sale” on the consolidated balance sheet.

The Company evaluates the lease accounting for each new property acquired with existing or new lease and reviews for any capital lease criterias. A lease is classified by a tenant as a capital lease if the significant risks and rewards of ownership are considered to reside with the tenant. This situation is generally considered to be met if, among other things, the non-cancelable lease term is more than 75% of the useful life of the asset or if the present value of the minimum lease payments equals 90% or more of the leased property’s fair value at lease inception.

Depreciation and Amortization

The Company is required to make subjective assessments as to the useful lives of the components of 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 is 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 are amortized as a reduction of rental income over the remaining terms of the respective leases. Capitalized below-market lease values are 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 are amortized as a reduction of property operating expense over the remaining terms of the respective leases. Capitalized below-market ground lease values are 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, is amortized to expense over the remaining periods of the respective leases.

Assumed mortgage premiums or discounts are amortized as an increase or reduction to interest expense over the remaining terms of the respective mortgages.

Purchase Price Allocation

The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired based on their respective fair values. Tangible assets include land, land improvements, buildings, fixtures and tenant improvements on an as-if vacant basis. The Company utilizes various estimates, processes and information to determine the as-if vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on cost segregation studies performed by independent third parties or on the Company's analysis of comparable properties in the Company's portfolio. Identifiable intangible assets include amounts allocated to acquire leases for above- and below-market lease rates, the value of in-place leases, and the value of customer relationships, as applicable.

Factors considered in the analysis of the in-place lease intangibles include an estimate of carrying costs during the expected lease-up period for each property, taking into account current market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at contract rates during the expected lease-up period, which typically is about 12 months. The Company also estimates costs to execute similar leases including leasing commissions, legal and other related expenses.

Above-market and below-market lease values for acquired properties are initially recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the remaining initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values are amortized as a reduction of base rental revenue over the remaining terms of the respective leases, and the capitalized below-market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below-market fixed rate renewal options of the respective leases. If a tenant with a below market rent renewal does not renew, any remaining unamortized amount will be taken into income at that time.

The aggregate value of intangible assets related to customer relationship, as applicable, is measured based on the Company's evaluation of the specific characteristics of each tenant’s lease and the Company's overall relationship with the tenant. Characteristics considered by the Company in determining these values include the nature and extent of its existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals, among other factors.

The value of customer relationship intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no event does the amortization period for intangible assets exceed the remaining depreciable life of the building. If a tenant terminates its lease, the unamortized portion of the in-place lease value and customer relationship intangibles is charged to expense.

In making estimates of fair values for purposes of allocating purchase price, the Company utilizes a number of sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property and other market data. The Company also considers information obtained about each property as a result of the Company's pre-acquisition due diligence in estimating the fair value of the tangible and intangible assets acquired and intangible liabilities assumed.

Intangible assets and acquired lease liabilities consist of following:

December 31, 2014

(In thousands)

Intangible assets:

In-place lease, net of accumulated amortization of $0 at December 31, 2014

$

2,377

Above-market lease, net of accumulated amortization of $0 at December 31, 2014

2,143

Total intangible lease assets, net

$

4,520

The following table provides the weighted-average amortization and accretion periods as of December 31, 2014 for intangible assets and liabilities and the projected amortization expense and adjustments to rental revenues for the next five years:

(In thousands)

Amortization

2015

2016

2017

2018

2019

(Years)

In-place leases (amortization expense)

8.83

$

267

$

267

$

267

$

267

$

267

Above-market lease assets (rental revenue)

8.83

$

(248

)

$

(248

)

$

(248

)

$

(248

)

$

(248

)

Total to be included in rental income

$

(248

)

$

(248

)

$

(248

)

$

(248

)

$

(248

)

Impairment of Long Lived Assets

When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews 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 and cash equivalents includes cash in bank accounts. The Company deposits cash with high quality financial institutions. Deposits in the United States and France where we have deposits are guaranteed by the Federal Deposit Insurance Company ("FDIC") in he United States and the national deposit guarantee scheme or Fonds de Garantie des Dépôts in France up to insurance limits. The Company had deposits in the United States and France totaling $1.3 million at December 31, 2014, $0.8 million of which were in excess of amounts insured by the FDIC. Although the Company bears risk to amounts in excess of those insured, it does not anticipate any losses as a result.

Restricted Cash

Restricted cash may primarily consist of reserves related to lease expirations as well as maintenance, structural, and debt service reserves. At December 31, 2014 the Company did not have any restricted cash.

Deferred Offering Costs

Deferred offering costs represent professional fees, fees paid to various regulatory agencies, and other costs incurred in connection with registering to sell shares of the Company’s common stock. These 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 bona fide 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.On the day the Company commenced its IPO, deferred offering costs were reclassified to stockholder’s equity.

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.  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% 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% of the gross proceeds determined at the end of offering.

Deferred Costs, Net

Deferred costs, net consists of deferred financing 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.

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 under limited circumstances. The SRP permits stockholders to sell their shares back to the Company, subject to the significant conditions and limitations described below.

Only those stockholders who purchased their shares from the Company or received their shares from the Company (directly or indirectly) through one or more non-cash transactions are able to participate in the SRP. The repurchase of shares occurs on the last business day prior to the filing of each quarterly financial filing (and in all events on a date other than a dividend payment date). The number of shares repurchased in any given year may not exceed 5.0% of the weighted-average number of shares of common stock outstanding at the end of the previous calendar year.

Prior to the NAV Pricing Date, a stockholder must beneficially hold the shares for at least one year prior to offering them for sale to the Company through the SRP, although if a stockholder sells back all of its shares, the Company's board of directors has the discretion to exempt shares purchased pursuant to the DRIP from this one-year requirement. In addition, upon the death or disability of a stockholder, upon request, the Company will waive the one-year holding requirement.

Prior to the NAV Pricing Date, the price per share for repurchases of shares of common stock is as follows (in each case, as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to the Company's common stock):

•

the lower of $23.13 and 92.5% of the price paid to acquire the shares, for stockholders who had continuously held their shares for at least one year;

•

the lower of $23.75 and 95.0% of the price paid to acquire the shares for stockholders who had continuously held their shares for at least two years;

•

the lower of $24.38 and 97.5% of the price paid to acquire the shares for stockholders who had continuously held their shares for at least three years; and

•

the lower of $25.00 and 100.0% of the price paid to acquire the shares for stockholders who had continuously held their shares for at least four years.

Prior to the NAV Pricing Date, shares repurchased in connection with the death or disability of a stockholder will be repurchased at a purchase price equal to $25.00 per share (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to the Company's common stock).

Beginning with the NAV Pricing Date, the repurchase price for shares under the SRP will be based on Per Share NAV. Additionally, there will be no minimum holding period for shares of the Company's common stock and stockholders will be able to submit their shares for repurchase at any time through the SRP. Subject to limited exceptions, stockholders whose shares of the Company’s common stock are repurchased within the first four months from the date of purchase will be subject to a short-term trading fee of 2.0% of the aggregate Per Share NAV of the shares of common stock repurchased.

Beginning with the NAV Pricing Date, shares repurchased in connection with the death or disability of a stockholder will be repurchased at the then-current Per Share NAV (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to the Company's common stock).

The Company's board of directors reserves the right, in its sole discretion, at any time and from time to time, to reject any request for repurchase, change the purchase price for repurchases or otherwise amend, suspend or terminate the terms of the SRP.

When a stockholder requests repurchases and the repurchases are 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. As of December 31, 2014, no shares of common stock have been repurchased or requested to be repurchased.

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 are paid with respect to shares purchased pursuant to 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 consolidated balance sheets in the period distributions are declared. During the period from April 23, 2014 (date of inception) to December 31, 2014, the Company issued 1,182 shares of common stock with a value of $28,072 and a par value per share of $0.01, under the DRIP.

Derivative Instruments

The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. Certain of the Company's foreign operations expose the Company to fluctuations of foreign interest rates and exchange rates. These fluctuations may impact the value of the Company's cash receipts and payments in the Company's functional currency, the U.S. dollar. The Company enters into derivative financial instruments to protect the value or fix the amount of certain obligations in terms of its functional currency.

The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.

The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designed and qualifies for hedge accounting treatment. If the Company elects not to apply hedge accounting treatment, any changes in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the consolidated statement of operations and comprehensive loss. If the derivative is designated and qualifies for hedge accounting treatment the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) to the extent that it is effective. Any ineffective portion of a derivative's change in fair value will be immediately recognized in earnings.

Revenue Recognition

The Company's revenues, which are 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 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. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purposes of this calculation.

As of December 31, 2014, the Company had no cumulative straight line rents receivable in Prepaid expenses and other assets in the balance sheet. The Company’s rental revenue had no impacts of unbilled rental revenue to adjust contractual rent to straight line rent during the period from April 23, 2014 (date of inception) to December 31, 2014.

The Company continually reviews receivables related to rent and unbilled rent receivables and determines 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 records an increase in the Company's allowance for uncollectible accounts or records a direct write-off of the receivable in the Company's consolidated statements of operations.

As of December 31, 2014, all of Company's leases for properties in U.S. and foreign countries contain upward adjustments to fair market value every five years or contain capped indexed escalation provisions, but there can be no assurance that future leases on properties in foreign countries will contain such provisions or that such provisions will protect us from all potential adverse effects of inflation.

Cost recoveries from tenants are included in operating expense reimbursement in the period the related costs are incurred, as applicable.

Share-Based Compensation

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 shall 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. As of December 31, 2014, there were 2,666 unvested restricted shares issued to independent directors under the RSP.

Income Taxes

For the period from April 23, 2014 (date of inception) to December 31, 2014, the Company will be be taxed as a C corporation. We intend to elect and qualify to be taxed as a REIT under Sections 856 through 860 of the Code, effective for our taxable year ending December 31, 2015 or our first year of material operations. We believe that, commencing with such taxable year, we will be organized and will operate in such a manner as to qualify for taxation as a REIT under the Code. We intend to operate in such a manner to qualify for taxation as a REIT, but no assurance can be given that we will operate in a manner so as to qualify or remain qualified as a REIT. In order to qualify and continue to qualify for taxation as a REIT, we must, among other things, distribute annually at least 90% of our REIT taxable income. REITs are subject to a number of other organizational and operational requirements. Even if we qualify for taxation as a REIT, we may be subject to certain federal, state, local and foreign taxes on our income and assets, including alternative minimum taxes, taxes on any undistributed income and state, local or foreign income, franchise, property and transfer taxes. Any of these taxes decrease our earnings and our available cash.

In addition, our international assets and operations, including those designated as direct or indirect qualified REIT subsidiaries or other disregarded entities of a REIT, continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted.

Foreign Currency Translation

The Company's reporting currency is the U.S. dollar. The functional currency of the Company's foreign operations is the applicable local currency for each foreign subsidiary. Assets and liabilities of foreign subsidiaries (including intercompany balances for which settlement is not anticipated in the foreseeable future) are translated at the spot rate in effect at the applicable reporting date. The amounts reported in the consolidated statements of operations are translated at the average exchange rates in effect during the applicable period. The resulting unrealized cumulative translation adjustment is recorded as a component of accumulated other comprehensive income (loss) in the consolidated statements of equity.

Per Share Data

The Company calculates basic income per share by dividing net income for the period by weighted-average shares of its common stock outstanding for a respective period. Diluted income per share takes into account the effect of dilutive instruments, such as stock options and unvested restricted stock, but uses the average share price for the period in determining the number of incremental shares that are to be added to the weighted-average number of shares outstanding.

Reportable Segments

The Company has determined that it has one reportable segment, with activities related to investing in real estate. The Company’s investments in real estate generate rental revenue and other income through the leasing of properties, which comprise 100% of total consolidated revenues. Management evaluates the operating performance of the Company’s investments in real estate on an individual property level.

Recently Issued Accounting Pronouncements

Adopted:

In February 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-04, Obligations Resulting From Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date - a consensus of the FASB Emerging Issues Task Force. The guidance clarifying the accounting and disclosure requirements for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. The adoption of this guidance did not have a material impact on our consolidated financial position, results of operations or cash flows.

In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (ASC 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. The Update removes all incremental financial reporting requirements from GAAP for development stage entities, including the removal of Topic 915 from the FASB Accounting Standards Codification. In addition, the Update adds an example disclosure in Risks and Uncertainties (Topic 275) to illustrate one way that an entity that has not begun planned principal operations could provide information about the risks and uncertainties related to the company’s current activities. The Update also removes an exception provided to development stage entities in Consolidations (Topic 810) for determining whether an entity is a variable interest entity-which may change the consolidation analysis, consolidation decision, and disclosure requirements for a company that has an interest in a company in the development stage. Except for the amendments to ASC 810, the ASU is effective for public business entities for reporting periods (including interim periods) beginning after December 15, 2014. The amendments to ASC 810 are effective for annual periods beginning after December 15, 2015, for public business entities. Early adoption of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued. The Company has adopted the provisions of this guidance effective January 1, 2014, and has applied the provisions prospectively. The adoption of this guidance has not had a material impact on the Company's consolidated financial position, results of operations or cash flows.

In August 2014, the FASB issued ASU 2014-15, Disclosures of Uncertainties about an Entities Ability to Continue as a Going Concern, which requires management to assess a company’s ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. The assessment is required for each annual and interim reporting period. Management’s assessment should evaluate whether there are conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. Substantial doubt is deemed to exist when it is probable that the company will be unable to meet its obligations within one year from the financial statement issuance date. If conditions or events give rise to 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. The guidance is effective for the annual period ending after December 15, 2016 and for annual and interim periods thereafter. The Company has elected to adopt the provisions of this guidance effective December 31, 2014, as early application is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Pending Adoption:

In May 2014, the FASB issued ASU 2014-09, Revenue From Contracts With Customers, which revises 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 GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. We have not yet selected a transition method and is currently evaluating the impact of the new guidance.

In January 2015, the FASB issued ASU 2015-01, Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items, which eliminates from U.S. GAAP the concept of an extraordinary item. As a result, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; and (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. However, the ASU does not affect the reporting and disclosure requirements for an event that is unusual in nature or that occurs infrequently. the ASU is effective for annual periods beginning after December 15, 2015, and interim periods within those annual periods. Early adoption is permitted if the guidance is applied as of the beginning of the annual period of adoption. The Company is currently evaluating the impact of the new guidance.

In February 2015, the FASB issued ASU 2015-02 Consolidation (Topic 810) - Amendments to the Consolidation Analysis. The new guidance applies to entities in all industries and provides a new scope exception to registered money market funds and similar unregistered money market funds. It makes targeted amendments to the current consolidation guidance and ends the deferral granted to investment companies from applying the variable interest entity (VIE) guidance. The standard does not add or remove any of the characteristics that determine if an entity is a VIE. However, when decision-making over the entity’s most significant activities has been outsourced, the standard changes how a reporting entity assesses if the equity holders at risk lack decision making rights. Previously, the reporting entity would be required to determine if there is a single equity holder that is able to remove the outsourced decision maker that has a variable interest. The new standard requires that the reporting entity first consider the rights of all of the equity holders at risk. If the equity holders have certain rights that are deemed to give them the power to direct the entity’s most significant activities, then the entity does not have this VIE characteristic. The new standard also introduces a separate analysis specific to limited partnerships and similar entities for assessing if the equity holders at risk lack decision making rights. Limited partnerships and similar entities will be VIEs unless the limited partners hold substantive kick-out rights or participating rights. In order for such rights to be substantive, they must be exercisable by a simple majority vote (or less) of all of the partners (exclusive of the general partner and its related parties). A right to liquidate an entity is viewed as akin to a kick-out right. The guidance for limited partnerships under the voting model has been eliminated in conjunction with the introduction of this separate analysis, including the rebuttable presumption that a general partner unilaterally controls a limited partnership and should therefore consolidate it. A limited partner with a controlling financial interest obtained through substantive kick out rights would consolidate a limited partnership. The standard eliminates certain of the criteria that must be met for an outsourced decision maker or service provider’s fee arrangement to not be a variable interest. Under current guidance, a reporting entity first assesses whether it meets power and economics tests based solely on its own variable interests in the entity to determine if it is the primary beneficiary required to consolidate the VIE. Under the new standard, a reporting entity that meets the power test will also include indirect interests held through related parties on a proportionate basis to determine whether it meets the economics test and is the primary beneficiary on a standalone basis. The standard is effective for annual periods beginning after December 15, 2015. Early adoption is allowed, including in any interim period. The Company is currently evaluating the impact of the new guidance.

In April 2014, the FASB issued guidance related to the reporting of discontinued operation and disclosures of disposals of components of an entity. This guidance defines a discontinued operation as a component or group of components disposed or classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and final result; the guidance states that a strategic shift could include a disposal of a major geographical area of operations, a major line of business, a major equity method investment or other major parts of an entity. The guidance also provides for additional disclosure requirements in connection with both discontinued operations and other dispositions not qualifying as discontinued operations. The guidance will be effective for annual and interim periods beginning on or after December 15, 2014. The guidance applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. All entities may early adopt the guidance for new disposals (or new classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company is currently evaluating the impact of the new guidance.

Real_Estate_Investments

Real Estate Investments	9 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Real Estate Investments	Real Estate Investments
	As of December 31, 2014, we owned two properties located in France with aggregate purchase price of $33.8 million.
	The following table presents the allocation of assets acquired and liabilities assumed during the period from April 23, 2014 (date of inception) to December 31, 2014:
		Period from April 23, 2014 (date of inception) to December 31, 2014
	(Dollar amounts in thousands)
	Real estate investments, at cost:
	Land	$	5,327
	Buildings, fixtures and improvements	23,924
	Total tangible assets	29,251
	Acquired intangibles:
	In-place leases	2,403
	Above market lease assets	2,166
	Below market lease liabilities	—
	Total assets acquired, net	33,820
	Mortgage notes payable used to acquire real estate investments	(17,323		)
	Cash paid for acquired real estate investments	$	16,497
	Number of properties purchased	2
	The following table presents unaudited pro forma information as if the acquisitions during the period from April 23, 2014 (date of inception) to December 31, 2014 had been consummated on April 23, 2014 (date of inception):
		Period from April 23, 2014 (date of inception) to December 31, 2014
	(In thousands)
	Pro forma revenues	$	2,481
	Pro forma net loss	$	(160	)
	Basic and diluted net loss per share	$	(0.12	)
	The following table presents future minimum base rent payments on a cash basis due to the Company over the next five years and thereafter. These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items. These amounts also exclude recoveries from tenants for certain expenses such as real estate taxes and insurance.
	(In thousands)	Future Minimum
		Base Rental Payments
	2015	$	2,463
	2016	2,463
	2017	2,463
	2018	2,463
	2019	2,463
	Thereafter	8,791
		$	21,106
	The following table lists the tenants whose annualized rental income on a straight-line basis represented greater than 10%
	of total annualized rental income for all properties on a straight-line basis as of December 31, 2014:
		December 31, 2014
	Tenant
	Auchan	59.50%
	Pole Emploi	40.50%
	The termination, delinquency or non-renewal of leases by any of the above tenants may have a material adverse effect on revenues.
	The following table lists the countries where the Company has geographic concentrations of properties where annualized rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income on a straight-line basis as of December 31, 2014.
		December 31, 2014
	Country
	France	100.00%

Mortgage_Notes_Payable

Mortgage Notes Payable	9 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Mortgage Notes Payable	Mortgage Note Payable
	The Company's mortgage notes payable as of December 31, 2014 and consisted of the following:
	Portfolio	Encumbered Properties		Outstanding Loan Amount			Effective Interest Rate		Interest Rate	Maturity
				(In thousands)
	Auchan (France)	1		$	10,089	(1)	1.70%	(2)	Fixed	Dec. 2019
	Pole Emploi (France)	1		7,050		(1)	1.70%	(2)	Fixed	Dec. 2019
	Total	2		$	17,139		1.70%
	____________________
	(1) Based on exchange rates as of December 31, 2014.
	(2) Fixed as a result of entering into a swap agreement.
	Carrying value of both assets are encumbered as of December 31, 2014.
	The following table summarizes the scheduled aggregate principal payments on the mortgage notes payable subsequent to December 31, 2014:
	(In thousands)	Future Principal Payments
	2015	$	—
	2016	—
	2017	—
	2018	—
	2019	17,139
	Thereafter	—
		$	17,139
	Some of the Company's mortgage notes payable agreements require the compliance of certain property-level financial covenants including debt service coverage ratios. As of December 31, 2014, the Company was in compliance with financial covenants under its mortgage notes payable agreements.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The Company determines fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. This alternative approach also reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities.
	The guidance defines three levels of inputs that may be used to measure fair value:
	Level 1 — Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.
	Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability.
	Level 3 — Unobservable inputs that reflect the entity's own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.
	The determination of where an asset or liability falls in the hierarchy requires significant judgment and considers factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company evaluates its hierarchy disclosures each quarter and depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter, however, the Company expects that changes in classifications between levels will be rare.
	Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with those derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties. However, as of December 31, 2014, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of the Company's derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.
	The valuation of derivative instruments is determined using a discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, as well as observable market-based inputs, including interest rate curves and implied volatilities. In addition, credit valuation adjustments, are incorporated into the fair values to account for the Company's potential nonperformance risk and the performance risk of the counterparties.
	Financial instruments measured at fair value on a recurring basis
	The following table presents information about the Company's assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of December 31, 2014, aggregated by the level in the fair value hierarchy within which those instruments fall.
	(In thousands)	Level 1				Level 2				Level 3		Total
	December 31, 2014
	Foreign currency swaps	$	—			$	250			$	—	$	250
	Interest rate swaps	$	—			$	(86	)		$	—	$	(86	)
	A review of the fair value hierarchy classification is conducted on a quarterly basis. Changes in the type of inputs may result in a reclassification for certain assets. There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the period from April 23, 2014 (date of inception) to December 31, 2014.
	Financial instruments not measured at fair value on a recurring basis
	The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate that value. The fair value of short-term financial instruments such as cash and cash equivalents, due from affiliates, accounts payable and distributions payable approximates their carrying value on the consolidated balance sheets due to their short-term nature. The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets are reported below.
				Carrying				Fair Value
				Amount
	(In thousands)	Level		December 31,				December 31,
				2014				2014
	Mortgage notes payable	3		$	17,139			$	16,983
	The fair value of the mortgage notes is estimated using a discounted cash flow analysis, based on the Advisor's experience with similar types of borrowing arrangements.

Derivatives_and_Hedging_Activi

Derivatives and Hedging Activities

9 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative and Hedging Activities

Derivatives and Hedging Activities

Risk Management Objective of Using Derivatives

The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. Certain of the Company’s foreign operations expose the Company to fluctuations of foreign interest rates and exchange rates. These fluctuations may impact the value of the Company’s cash receipts and payments in terms of the Company’s functional currency. The Company enters into derivative financial instruments to protect the value or fix the amount of certain obligations in terms of its functional currency, the U.S. dollar.

The principal objective of such arrangements is to minimize the risks and/or costs associated with the Company’s operating and financial structure as well as to hedge specific anticipated transactions. The Company does not intend to utilize derivatives for speculative or other purposes other than interest rate risk management. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, the Company only enters into derivative financial instruments with counterparties with high credit ratings and with major financial institutions with which the Company and its affiliates may also have other financial relationships. The Company does not anticipate that any of the counterparties will fail to meet their obligations.

Cash Flow Hedges of Interest Rate Risk

The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps and collars as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Interest rate collars designated as cash flow hedges involve the receipt of variable-rate amounts if interest rates rise above the cap strike rate on the contract and payments of variable-rate amounts if interest rates fall below the floor strike rate on the contract.

The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Such derivatives are used to hedge the variable cash flows associated with variable-rate debt. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During the period from April 23, 2014 (date of inception) to December 31, 2014, the Company recorded no hedge ineffectiveness in earnings.

Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. During the next 12 months, the Company estimates that an additional $45,000 will be reclassified from other comprehensive income as an increase to interest expense.

As of December 31, 2014, the Company had the following outstanding interest rate derivatives that were designated as a cash flow hedges of interest rate risk:

December 31, 2014

Derivatives

Number of

Notional Amount

Instruments

(In thousands)

Interest rate swaps (Euros)

2

$

17,139

Net Investment Hedges

The Company is exposed to fluctuations in foreign exchange rates on property investments it holds in foreign countries which pay rental income, property related expenses and hold debt instruments in foreign currencies. The Company uses foreign currency derivatives including cross currency swaps to hedge its exposure to changes in foreign exchange rates on certain of its foreign investments. Cross currency swaps involve fixing the applicable currency exchange rate for delivery of a specified amount of foreign currency on specified dates.

For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in accumulated other comprehensive income (outside of earnings) as part of the cumulative translation adjustment. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of accumulated other comprehensive income into earnings when the hedged net investment is either sold or substantially liquidated.

As of December 31, 2014, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operation in France:

December 31, 2014

Derivatives

Number of

Notional Amount

Instruments

(In thousands)

Foreign currency swaps

1

$

16,321

Non-Designated Hedges

The Company did not have any non-designated derivatives during the period from April 23, 2014 (date of inception) to December 31, 2014.

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the balance sheets:

December 31,

(In thousands)

Balance Sheet Location

2014

Derivatives designated as hedging instruments:

Foreign currency swaps

Derivative assets, at fair value

$

250

Interest rate swap

Derivative liabilities, at fair value

$

(86

)

The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the period from April 23, 2014 (date of inception) to December 31, 2014:

For the Period from April 23, 2014 (date of inception) to December 31, 2014

(In thousands)

Amount of gain recognized in accumulated other comprehensive income from derivatives (effective portion)

$

189

Amount of gain (loss) reclassified from accumulated other comprehensive income into income as interest expense (effective portion)

$

—

Amount of gain (loss) recognized in income on derivative instruments (ineffective portion and amount excluded from effectiveness testing)

$

—

Offsetting Derivatives Disclosure

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 2014. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheets.

Gross Amounts Not Offset on the Balance Sheet

Derivatives  (In thousands)

Gross Amounts of Recognized Assets

Gross Amounts of Recognized (Liabilities)

Gross Amounts Offset on the Balance Sheet

Net Amounts of Assets (Liabilities) presented on the Balance Sheet

Financial Instruments

Cash Collateral Received (Posted)

Net Amount

December 31, 2014

$

250

$

(86

)

$

—

$

164

$

—

$

—

$

164

Credit-risk-related Contingent Features

The Company has agreements with each of its derivative counterparties that contains a provision whereby if the Company either defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligation.

As of December 31, 2014, the fair value of derivatives in a net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $89,599. As of December 31, 2014, the Company has not posted any collateral related to these agreements and was not in breach of any agreement provisions. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at their aggregate termination value.

Common_Stock

Common Stock	9 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Common Stock	Common Stock
	The Company is offering and selling to the public in its IPO up to 125.0 million shares of common stock, $0.01 par value per share, at a price of $25.00 per share (including the maximum allowed to be charged for commissions and fees), on a “reasonable best efforts” basis, pursuant to the Registration Statement. The Company is also offering up to 26.3 million shares of common stock under it's DRIP, initially at $23.75 per share, which is 95% of the primary offering price. Beginning with the NAV pricing date, the per share purchase price in the IPO will vary quarterly and will be equal to the NAV per share, as determined by the Advisor, plus applicable commissions and fees and the per share purchase price in the DRIP will be equal to the NAV per share. The Company reserves the right to reallocate the shares of common stock it is offering between the primary offering and the DRIP.
	On October 17, 2014, the Company received and accepted subscriptions in excess of $2.0 million of common stock, broke escrow and issued shares of its common stock to its initial investors. As of December 31, 2014, the Company had 1.3 million shares of common stock outstanding, including unvested restricted shares and shares issued under the DRIP. Total gross proceeds from these issuances were $32.2 million, including proceeds from shares issued under the DRIP.
	On October 22, 2014, the board of directors authorized, and the Company declared, a distribution rate which will be calculated based on stockholders of record each day during the applicable period at a rate of $0.0048630137 per day, based on a per share price of $25.00. Distributions began to accrue on November 1, 2014 and 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. Distributions 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 distributions payments are not assured. The first distribution payment was made on December 1, 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. As of December 31, 2014, the Company had 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

Related Party Transactions	9 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Transactions & Arrangements	Related Party Transactions
	As of December 31, 2014, 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 no amounts owed or receivable from affiliated entities for advances received to fund the payment of offering costs.
	Fees Paid in Connection with the Offering
	The Dealer Manager receives fees and compensation in connection with the sale of the Company's common stock. The Dealer Manager receives selling commissions of up to 7.0% of the per share purchase price of offering proceeds before reallowance of commissions earned by participating broker-dealers. In addition, the Dealer Manager receives 3.0% of the per share purchase price from the sale of the Company's shares, before reallowance to participating broker-dealers, as a dealer-manager fee. The Dealer Manager may re-allow its dealer-manager fee to 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 dealers, with 2.5% thereof paid at the time of the sale and 1.0% paid on each anniversary date of the closing of the sale to the fifth anniversary date of the closing of the sale. If this option is elected, the Dealer Manager's fee will be reduced to 2.5% (not including selling commissions and dealer manager fees).
	The following table details total selling commissions and dealer manager fees incurred from and due to the Dealer Manager as of and for the periods presented:
		Period from April 23, 2014 (date of inception) to December 31, 2014		Payable as of
	(In thousands)			31-Dec-14
	Total commissions and fees from Dealer Manager	$	2,978	$	89
	The Advisor and its affiliates 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 consolidated balance sheet. During the period from April 23, 2014 (date of inception) to December 31, 2014, the Company has not incurred any offering cost reimbursements from the Advisor or the 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 from the IPO of common stock, measured at the end of the IPO. IPO costs in excess of the 2.0% cap as of the end of the Offering are the Advisor’s responsibility. As of December 31, 2014, offering and related costs exceeded 2.0% of gross proceeds received from the offering by $2.5 million.
	The following table details offering costs and reimbursements incurred from and due to the Advisor and Dealer Manager as of and for the period presented:
		Period from April 23, 2014 (date of inception) to December 31, 2014		Payable as of
	(In thousands)			31-Dec-14
	Fees and expense reimbursements from the Advisor and Dealer Manager	$	1,268	$	1,268
	After the escrow break, the Advisor elected to cap cumulative offering costs incurred by the Company, net of unpaid amounts, to 2.0% of gross common stock proceeds during the offering period. As of December 31, 2014, cumulative offering costs were $6.2 million. Cumulative offering costs, net of unpaid amounts, were less than the 2.0% threshold as of December 31, 2014.
	Fees Paid in Connection With the Operations of the Company
	The Advisor is paid an acquisition fee of 1.5% of (A) the contract purchase price of each property acquired (including the Company's pro rata share of any indebtedness assumed or incurred in respect of that investment and exclusive of acquisition fees and financing coordination fees) and (B) the amount advanced for a loan or other investment (exclusive of acquisition fees and financing coordination fees). Solely with respect to the Company’s European investment activities, the Advisor will assign to the Service Provider its pro rata portion of the acquisition fees in respect of such properties, and the Advisor will receive the remaining portion. The Company may also reimburse the Advisor or the Servicer Provider for expenses actually incurred related to selecting, evaluating and acquiring assets, regardless of whether the Company actually acquires the related assets. In addition, the Company will also pay third parties, or reimburse the Advisor or its affiliates for any investment-related expenses due to third parties. In no event will the total of all acquisition fees, acquisition expenses and any financing coordination fees (as described below) payable with respect to a particular investment exceed 4.5% of (A) the contract purchase price of the property (including the Company's pro rata share of any indebtedness assumed or incurred in respect of that investment) and (B) the amount advanced for each loan or other investment.
	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 or outstanding under such financing, subject to certain limitations.
	For its asset management services, the OP will issue restricted Class B units in the OP (“Class B Units”) to the Advisor on a quarterly basis in an amount equal to: (i) the excess of (A) the product of (y) 0.1875% multiplied by (z) the cost of the Company's assets (until the NAV pricing date, then the lower of the cost of assets and the fair value of the Company's assets) less (B) any amounts payable as an oversight fee for such calendar quarter; 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 primary offering price minus selling commissions and dealer manager fees) and, at such time as the Company calculates NAV, to per share NAV. The Class B units are intended to be profits interests and will vest, and no longer be subject to forfeiture, at such time as: the value of the operating partnership’s assets plus all distributions made by the company to its stockholders equals or exceeds the total amount of capital contributed by investors plus a 6.0% cumulative, pretax, non-compounded annual return thereon, or the economic hurdle; or (b) any one of the following events occurs: (i) a listing of the Company's common stock on a national securities exchange; (ii) a transaction to which the Company or the Company's operating partnership is a party, as a result of which OP Units or the Company's common stock are or will be exchanged for or converted into the right, or the holders of such securities will otherwise be entitled, to receive cash, securities or other property or any combination thereof; or (iii) the termination of the advisory agreement without cause; provided that the advisor pursuant to the advisory agreement is providing services to us immediately prior to the occurrence of an event of the type described in this clause, unless the failure to provide such services is attributable to the termination without cause of the advisory agreement by an affirmative vote of a majority of the Company's independent directors after the economic hurdle described above has been met. Such Class B units will be forfeited immediately if: (a) the advisory agreement is terminated other than by an affirmative vote of a majority of the Company's independent directors without cause. 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.
	If the Property Manager or an affiliate provides property management and leasing services for properties owned by the Company, the Company will pay fees equal to: (i) with respect to stand-alone, single-tenant net leased properties which are not part of a shopping center, 2.0% of gross revenues from the properties managed and (ii) with respect to all other types of properties, 4.0% of gross revenues from the properties managed.
	For services related to overseeing property management and leasing services provided by any person or entity that is not an affiliate of the Property Manager, the Company will pay the Property Manager an oversight fee equal to 1.0% of gross revenues of the property managed.
	Solely with respect to the Company's investment activities in Europe, the Service Provider or other entity providing property management services with respect to such investments will be paid: (i) with respect to single-tenant net leased properties which are not part of a shopping center, 1.75% of the gross revenues from such properties and (ii) with respect to all other types of properties, 3.5% of the gross revenues from such properties. The Property Manager receives 0.25% of the gross revenues from European single-tenant net leased properties which are not part of a shopping center and 0.5% of the gross revenues from all other types of properties, reflecting a split of the oversight fee with the Service Provider or an affiliated entity providing European property management services. Such fees are deducted from fees payable to the Advisor, pursuant to the service provider agreement.
	The following table details amounts incurred, forgiven and payable to related parties in connection with the operations-related services described above as of and for the period presented:
		Period from April 23, 2014 (date of inception) to December 31, 2014				Payable as of
						31-Dec-14
	(In thousands)	Incurred		Forgiven
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements	$	676	$	—	$	—
	Transaction fee	—		—		—
	Financing coordination fees	130		—		—
	Other expense reimbursements	—		—		—
	Ongoing fees:
	Asset management fees	—		—		—
	Property management and leasing fees	1		1		—
	Strategic advisory fees	—		—		—
	Distributions on Class B units	—		—		—
	Total related party operational fees and reimbursements	$	807	$	1	$	—
	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 reserves 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 23, 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 waive certain fees including asset management and property management fees. Because the Advisor may waive 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 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 or property operating expenses. These absorbed costs are presented net in the accompanying consolidated statements of operations and comprehensive loss. During the period from April 23, 2014 (date of inception) to December 31, 2014, there were no property operating and general administrative expenses absorbed by our Advisor.
	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 return to stockholders, payable annually in arrears, such that for any year in which investors receive payment of 6.0% per annum, the Advisor will be entitled to 15.0% of the excess return, provided that the amount paid to the Advisor does not to exceed 10.0% of the aggregate 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 stockholders’ capital exceeding 6.0% per annum. No subordinated performance fees were incurred during the period from April 23, 2014 (date of inception) to December 31, 2014.
	The Company will pay a brokerage commission on the sale of property, not to exceed the lesser of 2.0% of the contract sale price of the property and one-half 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 in connection with the sale. No such fees were incurred during the period from April 23, 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 return on the capital contributed by investors. The Special Limited Partner will not be entitled to the subordinated participation in net sale proceeds unless the Company’s investors have received a return of their capital plus a return equal to a 6.0% cumulative non-compounded return on their capital contributions. No such fees were incurred during the period from April 23, 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 Special Limited Partner will not be entitled to the subordinated incentive listing distribution unless investors have received a return of their capital plus a return equal to 6.0% cumulative, pre-tax non-compounded return on their capital contributions. No such distributions were incurred during the period from April 23, 2014 (date of inception) to December 31, 2014.
	Upon termination or non-renewal of the advisory agreement with or without cause, the Special Limited Partner will be entitled to receive distributions from the OP equal to 15.0% 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 6.0% cumulative, pre-tax, non-compounded return to investors. The Advisor 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 control 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 and investor relations.
	As a result of these relationships, the Company is dependent upon the Advisor and its affiliates. In the event that these companies 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
Disclosure of Compensation Related Costs, Share-based Payments [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 shall 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 shares of common stock 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 shares of common stock shall be subject to the same restrictions as the underlying restricted shares. The fair value of the shares will be expensed over the vesting period of five years.
	The following table reflects restricted share award activity during the period from April 23, 2014 (date of inception) to December 31, 2014.
		Number of	Weighted-Average Issue Price
		Restricted Shares
	Unvested, April 23, 2014 (date of inception)	—	$	—
	Granted	2,666	22.5
	Vested	—	—
	Forfeitures	—	—
	Unvested, December 31, 2014	2,666	$	22.5
	Compensation expense related to restricted stock was approximately $4,000 during the period from April 23, 2014 (date of inception) to December 31, 2014 and is recorded as general and administrative expense in the accompanying statements of operations. As of December 31, 2014, the Company had $60,000 of unrecognized compensation cost related to unvested restricted share awards granted under the Company’s RSP. That cost is expected to be recognized over a weighted average period of 5 years.
	Other Share-Based Compensation
	The Company may issue common stock in lieu of cash to pay fees earned by the Company's directors at each director's election. There are no restrictions on the shares issued since these payments in lieu of cash relate to fees earned for services performed. There were no such shares of common stock issued in lieu of cash during the period from April 23, 2014 (date of inception) to December 31, 2014.

Net_Loss_Per_Share

Net Loss Per Share	9 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share
	The following is a summary of the basic and diluted net loss per share computation for the period from April 23, 2014 (date of inception) to December 31, 2014:
		For the Period from April 23, 2014 (date of inception) to December 31, 2014
	Net loss (in thousands)	$	(2,454	)
	Basic and diluted weighted average shares outstanding	684,769
	Basic and diluted net loss per share	$	(3.58	)
	The Company had the following common share equivalents as of December 31, 2014, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive.
		For the Period from April 23, 2014 (date of inception) to December 31, 2014
	Unvested restricted stock	2,666
	OP Units	90
	Class B units	—
	Total common share equivalents	2,756

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 period from April 23, 2014 (date of inception) to December 31, 2014:
		Period from April 23, 2014 (date of inception) to June 30, 2014		For the quarter ended
				September 30, 2014			December 31, 2014
	Total revenues	—		$	—		$	20
	Net loss	(20	)	$	(156	)	$	(2,278	)
	Weighted average shares outstanding	—		—			684,769
	Basic and diluted net loss per share	NM		NM			$	(3.33	)
	_____________________________
	NM - not meaningful

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, or disclosures in, the consolidated financial statements, except for the following disclosures:
	Acquisitions
	The following table presents certain information about the properties that the Company acquired from January 1, 2015 to February 27, 2015:
		Country	Number of Properties	Rentable	Base
				Square Feet	Purchase Price (1)
					(In thousands)
	Total portfolio, December 31, 2014	France	2	189,672	$	33,820
	Acquisitions	U.S. and France	2	335,526	81,497
	Total portfolio, March 31, 2015		4	525,198	$	115,317
	________________________
	(1)    Contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.
	Credit Agreement
	On January 28, 2015, the Company, through its OP, entered into a credit agreement (the “Credit Agreement”) relating to a credit facility (the “Credit Facility”) with Barclays Bank PLC. The Credit Facility provides for aggregate commitments for borrowings up to $100.0 million, including swingline loans up to $50.0 million and letters of credit up to $25.0 million, subject in each case to borrowing base availability and certain other conditions. Through an uncommitted “accordion feature,” the Operating Partnership, subject to certain conditions, including obtaining additional commitments from lenders, may request additional commitments under the Credit Facility to increase the aggregate commitments under the Credit Facility to up to $1.25 billion. Borrowings under the Credit Facility are expected to be used, along with cash on hand, to finance portfolio acquisitions and for general corporate purposes. Availability of borrowings is based on a pool of eligible unencumbered real estate assets.
	Barclays Bank PLC acts as administrative agent, sole bookrunner, sole lead arranger and initial lender under the Credit Facility.
	The Credit Facility will mature on January 28, 2017, provided that the Operating Partnership, subject to certain conditions, may elect to extend the maturity date to January 28, 2019, and, thereafter, to January 28, 2020.
	Borrowings under the Credit Facility will bear interest at either (i) Alternate Base Rate plus an applicable spread ranging from 0.5% to 1.10%, depending on the Company’s consolidated leverage ratio, (ii) Adjusted LIBO Rate plus an applicable spread ranging from 1.50% to 2.10%, depending on the Company’s consolidated leverage ratio or (iii) Adjusted EURIBOR Rate plus an applicable spread ranging from 1.50% to 2.10%, depending on the Company’s consolidated leverage ratio. “Alternate Base Rate” is defined in the Credit Agreement as the greatest of (a) the prime rate in effect on such day; (b) the federal funds effective rate in effect on such day plus 0.50%; and (c) Adjusted LIBO Rate for a one month interest period on such day plus 1.00%. “Adjusted LIBO Rate” refers to the London interbank offered rate, adjusted based on applicable reserve percentages established by the Federal Reserve. “Adjusted EURIBOR Rate” refers to the Euro interbank offered rate, adjusted based on applicable reserve percentages in effect on such day for fundings in Euros maintained by commercial banks which lend in Euros. If any principal or interest on any loan under the Credit Facility or any other amount payable by the Operating Partnership under the Credit Facility is not paid when due, such overdue amount will bear interest at, in respect of principal, 2% plus the rate otherwise applicable to such principal amount, or, in respect of any other amount, 2% plus the rate otherwise applicable to loans under the Credit Agreement bearing interest at the Alternate Base Rate.
	Upon an event of an event of default, at the election of the administrative agent or upon direction to the administrative agent by the majority of the lenders (or automatically upon a bankruptcy event of default with respect to the Operating Partnership), the commitments of the lenders under the Credit Facility terminate, and payment of any unpaid amounts in respect of the Credit Facility is accelerated. The Operating Partnership may incur unused fees on a quarterly basis and in other circumstances to the extent it has not used commitments under the Credit Facility. In addition, the Operating Partnership incurs customary administrative agent, letter of credit issuance, letter of credit fronting, extension and other fees.
	Borrowings under the Credit Facility are subject to customary conditions including (a) the bring-down of the representations and warranties set forth in the Credit Agreement, (b) the absence of a default existing, (c) timely notice by the Operating Partnership and (d) borrowing base availability. The Credit Facility also contains various customary covenants, including but not limited to financial maintenance covenants with respect to a maximum borrowing base debt service coverage ratio, a maximum consolidated leverage ratio, a minimum consolidated fixed charges coverage ratio, a maximum consolidated secured debt ratio, a maximum consolidated secured recourse indebtedness ratio and minimum consolidated tangible net worth. Any failure to comply with these financial maintenance covenants would constitute an event of default under the Credit Facility, would prevent further borrowings thereunder and could result in the termination of the commitments of the lenders under the Credit Facility and the acceleration of the obligations under the Credit Facility. The Credit Agreement also includes customary restrictions on, inter alia, indebtedness, liens, negative pledges, restrictions on intercompany transfers, fundamental changes, investments, transactions with affiliates and restricted payments.

Schedule_III_Real_Estate_and_A

Schedule III - Real Estate and Accumulated Depreciation	9 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation
								Initial Costs
	Property		Country		Acquisition	Encumbrances		Land		Building and		Gross Amount at December 31, 2014(2)(3)		Accumulated
					Date	at December 31,				Improvements				Depreciation (4)
						2014 (1)
	Pole Emploi		France		Dec. 2014	$	7,050	$	848	$	9,597	$	10,445	$	—
	Auchan		France		Dec. 2014	10,089		4,423		14,072		18,495		—
	Total					$	17,139	$	5,271	$	23,669	$	28,940	$	—
	___________________________________
	-1	These properties collateralize a mortgage note payable of which $17.1 million was outstanding as of December 31, 2014.
	-2	Acquired intangible lease assets allocated to individual properties in the amount of $4.5 million are not reflected in the table above.
	-3	The tax basis of aggregate land, buildings and improvements as of December 31, 2014 is $36.6 million.
	-4	Each of the properties has a depreciable life of: 40 years for buildings, 15 years for improvements and five years for fixtures.
	A summary of activity for real estate and accumulated depreciation for the period from April 23, 2014 (date of inception) to December 31, 2014:
			For the Period from April 23, 2014 (date of inception) to December 31, 2014
	Real estate investments, at cost:
	Balance at April 23, 2014 (date of inception)		$	—
	Additions-Acquisitions		29,251
	Currency translation adjustment		(311		)
	Balance at December 31, 2014		$	28,940
	Accumulated depreciation and amortization:
	Balance at April 23, 2014 (date of inception)		$	—
	Depreciation and amortization expense		—
	Currency translation adjustment		—
	Balance at December 31, 2014		$	—

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended		12 Months Ended
	Dec. 31, 2014		Dec. 31, 2014
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting
	The accompanying consolidated 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”).
Development Stage Company	Development Stage Company
	On October 17, 2014, the Company received and accepted subscriptions in excess of $2.0 million of common stock in connection with its IPO on a reasonable best efforts basis. broke escrow and issued shares of its common stock to its initial investors. The Company purchased its first property and commenced active operations on December 29, 2014, and as of such date was no longer considered to be a development stage company.
Principles of Consolidation	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been 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. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, real estate taxes and derivative financial instruments and hedging activities, as applicable.
Real Estate Investments	Real Estate Investments
	Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. Depreciation is 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 the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests.
	The Company evaluates 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 statements of operations and comprehensive loss. 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 allocates 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, fixtures and tenant improvements. Intangible assets may include the value of in-place leases and above- and below- market leases. In addition, any assumed mortgages receivable or payable and any assumed or issued noncontrolling interests are recorded at their estimated fair values.
	The Company is required to make subjective assessments as to the useful lives of the Company's properties for purposes of determining the amount of depreciation to record on an annual basis with respect to the Company's investments in real estate. 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 investments in real estate, the Company would depreciate these investments over fewer years, resulting in more depreciation expense and lower net income on an annual basis.
	The Company is 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 statement of operations for all periods presented. Properties that are intended to be sold are to be designated as “held for sale” on the consolidated balance sheet.
	The Company evaluates the lease accounting for each new property acquired with existing or new lease and reviews for any capital lease criterias. A lease is classified by a tenant as a capital lease if the significant risks and rewards of ownership are considered to reside with the tenant. This situation is generally considered to be met if, among other things, the non-cancelable lease term is more than 75% of the useful life of the asset or if the present value of the minimum lease payments equals 90% or more of the leased property’s fair value at lease inception.
Depreciation and Amortization			Depreciation and Amortization
			The Company is required to make subjective assessments as to the useful lives of the components of 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 is 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 are amortized as a reduction of rental income over the remaining terms of the respective leases. Capitalized below-market lease values are 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 are amortized as a reduction of property operating expense over the remaining terms of the respective leases. Capitalized below-market ground lease values are 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, is amortized to expense over the remaining periods of the respective leases.
			Assumed mortgage premiums or discounts are amortized as an increase or reduction to interest expense over the remaining terms of the respective mortgages.
Purchase Price Allocation	Purchase Price Allocation
	The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired based on their respective fair values. Tangible assets include land, land improvements, buildings, fixtures and tenant improvements on an as-if vacant basis. The Company utilizes various estimates, processes and information to determine the as-if vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on cost segregation studies performed by independent third parties or on the Company's analysis of comparable properties in the Company's portfolio. Identifiable intangible assets include amounts allocated to acquire leases for above- and below-market lease rates, the value of in-place leases, and the value of customer relationships, as applicable.
	Factors considered in the analysis of the in-place lease intangibles include an estimate of carrying costs during the expected lease-up period for each property, taking into account current market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at contract rates during the expected lease-up period, which typically is about 12 months. The Company also estimates costs to execute similar leases including leasing commissions, legal and other related expenses.
	Above-market and below-market lease values for acquired properties are initially recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the remaining initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values are amortized as a reduction of base rental revenue over the remaining terms of the respective leases, and the capitalized below-market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below-market fixed rate renewal options of the respective leases. If a tenant with a below market rent renewal does not renew, any remaining unamortized amount will be taken into income at that time.
	The aggregate value of intangible assets related to customer relationship, as applicable, is measured based on the Company's evaluation of the specific characteristics of each tenant’s lease and the Company's overall relationship with the tenant. Characteristics considered by the Company in determining these values include the nature and extent of its existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals, among other factors.
	The value of customer relationship intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no event does the amortization period for intangible assets exceed the remaining depreciable life of the building. If a tenant terminates its lease, the unamortized portion of the in-place lease value and customer relationship intangibles is charged to expense.
	In making estimates of fair values for purposes of allocating purchase price, the Company utilizes a number of sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property and other market data. The Company also considers information obtained about each property as a result of the Company's pre-acquisition due diligence in estimating the fair value of the tangible and intangible assets acquired and intangible liabilities assumed.
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 reviews 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 and cash equivalents includes cash in bank accounts. The Company deposits cash with high quality financial institutions. Deposits in the United States and France where we have deposits are guaranteed by the Federal Deposit Insurance Company ("FDIC") in he United States and the national deposit guarantee scheme or Fonds de Garantie des Dépôts in France up to insurance limits.
Restricted Cash	Restricted Cash
	Restricted cash may primarily consist of reserves related to lease expirations as well as maintenance, structural, and debt service reserves.
Deferred Offering Costs	Deferred Offering Costs
	Deferred offering costs represent professional fees, fees paid to various regulatory agencies, and other costs incurred in connection with registering to sell shares of the Company’s common stock. These 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 bona fide 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.On the day the Company commenced its IPO, deferred offering costs were reclassified to stockholder’s equity.
	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.  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% 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% of the gross proceeds determined at the end of offering.
Deferred Costs, Net	Deferred Costs, Net
	Deferred costs, net consists of deferred financing 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.
Share Repurchase Program	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 under limited circumstances. The SRP permits stockholders to sell their shares back to the Company, subject to the significant conditions and limitations described below.
	Only those stockholders who purchased their shares from the Company or received their shares from the Company (directly or indirectly) through one or more non-cash transactions are able to participate in the SRP. The repurchase of shares occurs on the last business day prior to the filing of each quarterly financial filing (and in all events on a date other than a dividend payment date). The number of shares repurchased in any given year may not exceed 5.0% of the weighted-average number of shares of common stock outstanding at the end of the previous calendar year.
	Prior to the NAV Pricing Date, a stockholder must beneficially hold the shares for at least one year prior to offering them for sale to the Company through the SRP, although if a stockholder sells back all of its shares, the Company's board of directors has the discretion to exempt shares purchased pursuant to the DRIP from this one-year requirement. In addition, upon the death or disability of a stockholder, upon request, the Company will waive the one-year holding requirement.
	Prior to the NAV Pricing Date, the price per share for repurchases of shares of common stock is as follows (in each case, as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to the Company's common stock):
	•	the lower of $23.13 and 92.5% of the price paid to acquire the shares, for stockholders who had continuously held their shares for at least one year;
	•	the lower of $23.75 and 95.0% of the price paid to acquire the shares for stockholders who had continuously held their shares for at least two years;
	•	the lower of $24.38 and 97.5% of the price paid to acquire the shares for stockholders who had continuously held their shares for at least three years; and
	•	the lower of $25.00 and 100.0% of the price paid to acquire the shares for stockholders who had continuously held their shares for at least four years.
	Prior to the NAV Pricing Date, shares repurchased in connection with the death or disability of a stockholder will be repurchased at a purchase price equal to $25.00 per share (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to the Company's common stock).
	Beginning with the NAV Pricing Date, the repurchase price for shares under the SRP will be based on Per Share NAV. Additionally, there will be no minimum holding period for shares of the Company's common stock and stockholders will be able to submit their shares for repurchase at any time through the SRP. Subject to limited exceptions, stockholders whose shares of the Company’s common stock are repurchased within the first four months from the date of purchase will be subject to a short-term trading fee of 2.0% of the aggregate Per Share NAV of the shares of common stock repurchased.
	Beginning with the NAV Pricing Date, shares repurchased in connection with the death or disability of a stockholder will be repurchased at the then-current Per Share NAV (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to the Company's common stock).
	The Company's board of directors reserves the right, in its sole discretion, at any time and from time to time, to reject any request for repurchase, change the purchase price for repurchases or otherwise amend, suspend or terminate the terms of the SRP.
	When a stockholder requests repurchases and the repurchases are 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. As of December 31, 2014, no shares of common stock have been repurchased or requested to be repurchased.
Distribution Reinvestment Plan	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 are paid with respect to shares purchased pursuant to 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 consolidated balance sheets in the period distributions are declared. During the period from April 23, 2014 (date of inception) to December 31, 2014, the Company issued 1,182 shares of common stock with a value of $28,072 and a par value per share of $0.01, under the DRIP.
Derivative Instruments	Derivative Instruments
	The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. Certain of the Company's foreign operations expose the Company to fluctuations of foreign interest rates and exchange rates. These fluctuations may impact the value of the Company's cash receipts and payments in the Company's functional currency, the U.S. dollar. The Company enters into derivative financial instruments to protect the value or fix the amount of certain obligations in terms of its functional currency.
	The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.
	The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designed and qualifies for hedge accounting treatment. If the Company elects not to apply hedge accounting treatment, any changes in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the consolidated statement of operations and comprehensive loss. If the derivative is designated and qualifies for hedge accounting treatment the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) to the extent that it is effective. Any ineffective portion of a derivative's change in fair value will be immediately recognized in earnings.
Revenue Recognition	Revenue Recognition
	The Company's revenues, which are 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 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. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purposes of this calculation.
	As of December 31, 2014, the Company had no cumulative straight line rents receivable in Prepaid expenses and other assets in the balance sheet. The Company’s rental revenue had no impacts of unbilled rental revenue to adjust contractual rent to straight line rent during the period from April 23, 2014 (date of inception) to December 31, 2014.
	The Company continually reviews receivables related to rent and unbilled rent receivables and determines 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 records an increase in the Company's allowance for uncollectible accounts or records a direct write-off of the receivable in the Company's consolidated statements of operations.
	As of December 31, 2014, all of Company's leases for properties in U.S. and foreign countries contain upward adjustments to fair market value every five years or contain capped indexed escalation provisions, but there can be no assurance that future leases on properties in foreign countries will contain such provisions or that such provisions will protect us from all potential adverse effects of inflation.
	Cost recoveries from tenants are included in operating expense reimbursement in the period the related costs are incurred, as applicable.
Share-Based Compensation	Share-Based Compensation
	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 shall 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. As of December 31, 2014, there were 2,666 unvested restricted shares issued to independent directors under the RSP.
Income Taxes	Income Taxes
	For the period from April 23, 2014 (date of inception) to December 31, 2014, the Company will be be taxed as a C corporation. We intend to elect and qualify to be taxed as a REIT under Sections 856 through 860 of the Code, effective for our taxable year ending December 31, 2015 or our first year of material operations. We believe that, commencing with such taxable year, we will be organized and will operate in such a manner as to qualify for taxation as a REIT under the Code. We intend to operate in such a manner to qualify for taxation as a REIT, but no assurance can be given that we will operate in a manner so as to qualify or remain qualified as a REIT. In order to qualify and continue to qualify for taxation as a REIT, we must, among other things, distribute annually at least 90% of our REIT taxable income. REITs are subject to a number of other organizational and operational requirements. Even if we qualify for taxation as a REIT, we may be subject to certain federal, state, local and foreign taxes on our income and assets, including alternative minimum taxes, taxes on any undistributed income and state, local or foreign income, franchise, property and transfer taxes. Any of these taxes decrease our earnings and our available cash.
	In addition, our international assets and operations, including those designated as direct or indirect qualified REIT subsidiaries or other disregarded entities of a REIT, continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted.
Foreign Currency Translation	Foreign Currency Translation
	The Company's reporting currency is the U.S. dollar. The functional currency of the Company's foreign operations is the applicable local currency for each foreign subsidiary. Assets and liabilities of foreign subsidiaries (including intercompany balances for which settlement is not anticipated in the foreseeable future) are translated at the spot rate in effect at the applicable reporting date. The amounts reported in the consolidated statements of operations are translated at the average exchange rates in effect during the applicable period. The resulting unrealized cumulative translation adjustment is recorded as a component of accumulated other comprehensive income (loss) in the consolidated statements of equity.
Per Share Data	Per Share Data
	The Company calculates basic income per share by dividing net income for the period by weighted-average shares of its common stock outstanding for a respective period. Diluted income per share takes into account the effect of dilutive instruments, such as stock options and unvested restricted stock, but uses the average share price for the period in determining the number of incremental shares that are to be added to the weighted-average number of shares outstanding.
Reportable Segments	Reportable Segments
	The Company has determined that it has one reportable segment, with activities related to investing in real estate. The Company’s investments in real estate generate rental revenue and other income through the leasing of properties, which comprise 100% of total consolidated revenues. Management evaluates the operating performance of the Company’s investments in real estate on an individual property level.
Recently Issued Accounting Pronouncements			Recently Issued Accounting Pronouncements
			Adopted:
			In February 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-04, Obligations Resulting From Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date - a consensus of the FASB Emerging Issues Task Force. The guidance clarifying the accounting and disclosure requirements for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. The adoption of this guidance did not have a material impact on our consolidated financial position, results of operations or cash flows.
			In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (ASC 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. The Update removes all incremental financial reporting requirements from GAAP for development stage entities, including the removal of Topic 915 from the FASB Accounting Standards Codification. In addition, the Update adds an example disclosure in Risks and Uncertainties (Topic 275) to illustrate one way that an entity that has not begun planned principal operations could provide information about the risks and uncertainties related to the company’s current activities. The Update also removes an exception provided to development stage entities in Consolidations (Topic 810) for determining whether an entity is a variable interest entity-which may change the consolidation analysis, consolidation decision, and disclosure requirements for a company that has an interest in a company in the development stage. Except for the amendments to ASC 810, the ASU is effective for public business entities for reporting periods (including interim periods) beginning after December 15, 2014. The amendments to ASC 810 are effective for annual periods beginning after December 15, 2015, for public business entities. Early adoption of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued. The Company has adopted the provisions of this guidance effective January 1, 2014, and has applied the provisions prospectively. The adoption of this guidance has not had a material impact on the Company's consolidated financial position, results of operations or cash flows.
			In August 2014, the FASB issued ASU 2014-15, Disclosures of Uncertainties about an Entities Ability to Continue as a Going Concern, which requires management to assess a company’s ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. The assessment is required for each annual and interim reporting period. Management’s assessment should evaluate whether there are conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. Substantial doubt is deemed to exist when it is probable that the company will be unable to meet its obligations within one year from the financial statement issuance date. If conditions or events give rise to 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. The guidance is effective for the annual period ending after December 15, 2016 and for annual and interim periods thereafter. The Company has elected to adopt the provisions of this guidance effective December 31, 2014, as early application is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial position, results of operations or cash flows.
			Pending Adoption:
			In May 2014, the FASB issued ASU 2014-09, Revenue From Contracts With Customers, which revises 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 GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. We have not yet selected a transition method and is currently evaluating the impact of the new guidance.
			In January 2015, the FASB issued ASU 2015-01, Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items, which eliminates from U.S. GAAP the concept of an extraordinary item. As a result, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; and (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. However, the ASU does not affect the reporting and disclosure requirements for an event that is unusual in nature or that occurs infrequently. the ASU is effective for annual periods beginning after December 15, 2015, and interim periods within those annual periods. Early adoption is permitted if the guidance is applied as of the beginning of the annual period of adoption. The Company is currently evaluating the impact of the new guidance.
			In February 2015, the FASB issued ASU 2015-02 Consolidation (Topic 810) - Amendments to the Consolidation Analysis. The new guidance applies to entities in all industries and provides a new scope exception to registered money market funds and similar unregistered money market funds. It makes targeted amendments to the current consolidation guidance and ends the deferral granted to investment companies from applying the variable interest entity (VIE) guidance. The standard does not add or remove any of the characteristics that determine if an entity is a VIE. However, when decision-making over the entity’s most significant activities has been outsourced, the standard changes how a reporting entity assesses if the equity holders at risk lack decision making rights. Previously, the reporting entity would be required to determine if there is a single equity holder that is able to remove the outsourced decision maker that has a variable interest. The new standard requires that the reporting entity first consider the rights of all of the equity holders at risk. If the equity holders have certain rights that are deemed to give them the power to direct the entity’s most significant activities, then the entity does not have this VIE characteristic. The new standard also introduces a separate analysis specific to limited partnerships and similar entities for assessing if the equity holders at risk lack decision making rights. Limited partnerships and similar entities will be VIEs unless the limited partners hold substantive kick-out rights or participating rights. In order for such rights to be substantive, they must be exercisable by a simple majority vote (or less) of all of the partners (exclusive of the general partner and its related parties). A right to liquidate an entity is viewed as akin to a kick-out right. The guidance for limited partnerships under the voting model has been eliminated in conjunction with the introduction of this separate analysis, including the rebuttable presumption that a general partner unilaterally controls a limited partnership and should therefore consolidate it. A limited partner with a controlling financial interest obtained through substantive kick out rights would consolidate a limited partnership. The standard eliminates certain of the criteria that must be met for an outsourced decision maker or service provider’s fee arrangement to not be a variable interest. Under current guidance, a reporting entity first assesses whether it meets power and economics tests based solely on its own variable interests in the entity to determine if it is the primary beneficiary required to consolidate the VIE. Under the new standard, a reporting entity that meets the power test will also include indirect interests held through related parties on a proportionate basis to determine whether it meets the economics test and is the primary beneficiary on a standalone basis. The standard is effective for annual periods beginning after December 15, 2015. Early adoption is allowed, including in any interim period. The Company is currently evaluating the impact of the new guidance.
			In April 2014, the FASB issued guidance related to the reporting of discontinued operation and disclosures of disposals of components of an entity. This guidance defines a discontinued operation as a component or group of components disposed or classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and final result; the guidance states that a strategic shift could include a disposal of a major geographical area of operations, a major line of business, a major equity method investment or other major parts of an entity. The guidance also provides for additional disclosure requirements in connection with both discontinued operations and other dispositions not qualifying as discontinued operations. The guidance will be effective for annual and interim periods beginning on or after December 15, 2014. The guidance applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. All entities may early adopt the guidance for new disposals (or new classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company is currently evaluating the impact of the new guidance.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Finite-lived Intangible Assets Amortization Expense	Intangible assets and acquired lease liabilities consist of following:
		December 31, 2014
	(In thousands)
	Intangible assets:
	In-place lease, net of accumulated amortization of $0 at December 31, 2014	$	2,377
	Above-market lease, net of accumulated amortization of $0 at December 31, 2014	2,143
	Total intangible lease assets, net	$	4,520
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table provides the weighted-average amortization and accretion periods as of December 31, 2014 for intangible assets and liabilities and the projected amortization expense and adjustments to rental revenues for the next five years:
	(In thousands)	Amortization		2015			2016			2017			2018			2019
		(Years)
	In-place leases (amortization expense)	8.83		$	267		$	267		$	267		$	267		$	267
	Above-market lease assets (rental revenue)	8.83		$	(248	)	$	(248	)	$	(248	)	$	(248	)	$	(248	)
	Total to be included in rental income			$	(248	)	$	(248	)	$	(248	)	$	(248	)	$	(248	)

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	9 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table presents the allocation of assets acquired and liabilities assumed during the period from April 23, 2014 (date of inception) to December 31, 2014:
		Period from April 23, 2014 (date of inception) to December 31, 2014
	(Dollar amounts in thousands)
	Real estate investments, at cost:
	Land	$	5,327
	Buildings, fixtures and improvements	23,924
	Total tangible assets	29,251
	Acquired intangibles:
	In-place leases	2,403
	Above market lease assets	2,166
	Below market lease liabilities	—
	Total assets acquired, net	33,820
	Mortgage notes payable used to acquire real estate investments	(17,323		)
	Cash paid for acquired real estate investments	$	16,497
	Number of properties purchased	2
Business Acquisition, Pro Forma Information	The following table presents unaudited pro forma information as if the acquisitions during the period from April 23, 2014 (date of inception) to December 31, 2014 had been consummated on April 23, 2014 (date of inception):
		Period from April 23, 2014 (date of inception) to December 31, 2014
	(In thousands)
	Pro forma revenues	$	2,481
	Pro forma net loss	$	(160	)
	Basic and diluted net loss per share	$	(0.12	)
Schedule of Future Minimum Rental Payments for Operating Leases	The following table presents future minimum base rent payments on a cash basis due to the Company over the next five years and thereafter. These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items. These amounts also exclude recoveries from tenants for certain expenses such as real estate taxes and insurance.
	(In thousands)	Future Minimum
		Base Rental Payments
	2015	$	2,463
	2016	2,463
	2017	2,463
	2018	2,463
	2019	2,463
	Thereafter	8,791
		$	21,106
Schedule of Annualized Rental Income by Major Tenants	The following table lists the tenants whose annualized rental income on a straight-line basis represented greater than 10%
	of total annualized rental income for all properties on a straight-line basis as of December 31, 2014:
		December 31, 2014
	Tenant
	Auchan	59.50%
	Pole Emploi	40.50%
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	The following table lists the countries where the Company has geographic concentrations of properties where annualized rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income on a straight-line basis as of December 31, 2014.
		December 31, 2014
	Country
	France	100.00%

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	9 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The Company's mortgage notes payable as of December 31, 2014 and consisted of the following:
	Portfolio	Encumbered Properties		Outstanding Loan Amount			Effective Interest Rate		Interest Rate	Maturity
				(In thousands)
	Auchan (France)	1		$	10,089	(1)	1.70%	(2)	Fixed	Dec. 2019
	Pole Emploi (France)	1		7,050		(1)	1.70%	(2)	Fixed	Dec. 2019
	Total	2		$	17,139		1.70%
	____________________
	(1) Based on exchange rates as of December 31, 2014.
	(2) Fixed as a result of entering into a swap agreement.
Schedule of Maturities of Long-term Debt	The following table summarizes the scheduled aggregate principal payments on the mortgage notes payable subsequent to December 31, 2014:
	(In thousands)	Future Principal Payments
	2015	$	—
	2016	—
	2017	—
	2018	—
	2019	17,139
	Thereafter	—
		$	17,139

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis	The following table presents information about the Company's assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of December 31, 2014, aggregated by the level in the fair value hierarchy within which those instruments fall.
	(In thousands)	Level 1				Level 2				Level 3		Total
	December 31, 2014
	Foreign currency swaps	$	—			$	250			$	—	$	250
	Interest rate swaps	$	—			$	(86	)		$	—	$	(86	)
Fair Value, by Balance Sheet Grouping	The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets are reported below.
				Carrying				Fair Value
				Amount
	(In thousands)	Level		December 31,				December 31,
				2014				2014
	Mortgage notes payable	3		$	17,139			$	16,983

Derivatives_and_Hedging_Activi1

Derivatives and Hedging Activities (Tables)

9 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

As of December 31, 2014, the Company had the following outstanding interest rate derivatives that were designated as a cash flow hedges of interest rate risk:

December 31, 2014

Derivatives

Number of

Notional Amount

Instruments

(In thousands)

Interest rate swaps (Euros)

2

$

17,139

Schedule of Derivative Instruments

As of December 31, 2014, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operation in France:

December 31, 2014

Derivatives

Number of

Notional Amount

Instruments

(In thousands)

Foreign currency swaps

1

$

16,321

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the balance sheets:

December 31,

(In thousands)

Balance Sheet Location

2014

Derivatives designated as hedging instruments:

Foreign currency swaps

Derivative assets, at fair value

$

250

Interest rate swap

Derivative liabilities, at fair value

$

(86

)

Derivative Instruments, Gain (Loss)

The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the period from April 23, 2014 (date of inception) to December 31, 2014:

For the Period from April 23, 2014 (date of inception) to December 31, 2014

(In thousands)

Amount of gain recognized in accumulated other comprehensive income from derivatives (effective portion)

$

189

Amount of gain (loss) reclassified from accumulated other comprehensive income into income as interest expense (effective portion)

$

—

Amount of gain (loss) recognized in income on derivative instruments (ineffective portion and amount excluded from effectiveness testing)

$

—

Offsetting Assets

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 2014. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheets.

Gross Amounts Not Offset on the Balance Sheet

Derivatives  (In thousands)

Gross Amounts of Recognized Assets

Gross Amounts of Recognized (Liabilities)

Gross Amounts Offset on the Balance Sheet

Net Amounts of Assets (Liabilities) presented on the Balance Sheet

Financial Instruments

Cash Collateral Received (Posted)

Net Amount

December 31, 2014

$

250

$

(86

)

$

—

$

164

$

—

$

—

$

164

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	9 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate	The following table details total selling commissions and dealer manager fees incurred from and due to the Dealer Manager as of and for the periods presented:
		Period from April 23, 2014 (date of inception) to December 31, 2014		Payable as of
	(In thousands)			31-Dec-14
	Total commissions and fees from Dealer Manager	$	2,978	$	89
Schedule of Offering Costs Reimbursements to Related Party	The following table details offering costs and reimbursements incurred from and due to the Advisor and Dealer Manager as of and for the period presented:
		Period from April 23, 2014 (date of inception) to December 31, 2014		Payable as of
	(In thousands)			31-Dec-14
	Fees and expense reimbursements from the Advisor and Dealer Manager	$	1,268	$	1,268
Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services	The following table details amounts incurred, forgiven and payable to related parties in connection with the operations-related services described above as of and for the period presented:
		Period from April 23, 2014 (date of inception) to December 31, 2014				Payable as of
						31-Dec-14
	(In thousands)	Incurred		Forgiven
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements	$	676	$	—	$	—
	Transaction fee	—		—		—
	Financing coordination fees	130		—		—
	Other expense reimbursements	—		—		—
	Ongoing fees:
	Asset management fees	—		—		—
	Property management and leasing fees	1		1		—
	Strategic advisory fees	—		—		—
	Distributions on Class B units	—		—		—
	Total related party operational fees and reimbursements	$	807	$	1	$	—

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	9 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Activity	The following table reflects restricted share award activity during the period from April 23, 2014 (date of inception) to December 31, 2014.
		Number of	Weighted-Average Issue Price
		Restricted Shares
	Unvested, April 23, 2014 (date of inception)	—	$	—
	Granted	2,666	22.5
	Vested	—	—
	Forfeitures	—	—
	Unvested, December 31, 2014	2,666	$	22.5

Net_Loss_Per_Share_Tables

Net Loss Per Share (Tables)	9 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a summary of the basic and diluted net loss per share computation for the period from April 23, 2014 (date of inception) to December 31, 2014:
		For the Period from April 23, 2014 (date of inception) to December 31, 2014
	Net loss (in thousands)	$	(2,454	)
	Basic and diluted weighted average shares outstanding	684,769
	Basic and diluted net loss per share	$	(3.58	)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The Company had the following common share equivalents as of December 31, 2014, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive.
		For the Period from April 23, 2014 (date of inception) to December 31, 2014
	Unvested restricted stock	2,666
	OP Units	90
	Class B units	—
	Total common share equivalents	2,756

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 period from April 23, 2014 (date of inception) to December 31, 2014:
		Period from April 23, 2014 (date of inception) to June 30, 2014		For the quarter ended
				September 30, 2014			December 31, 2014
	Total revenues	—		$	—		$	20
	Net loss	(20	)	$	(156	)	$	(2,278	)
	Weighted average shares outstanding	—		—			684,769
	Basic and diluted net loss per share	NM		NM			$	(3.33	)
	_____________________________
	NM - not meaningful

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 February 27, 2015:
		Country	Number of Properties	Rentable	Base
				Square Feet	Purchase Price (1)
					(In thousands)
	Total portfolio, December 31, 2014	France	2	189,672	$	33,820
	Acquisitions	U.S. and France	2	335,526	81,497
	Total portfolio, March 31, 2015		4	525,198	$	115,317
	________________________
	(1)    Contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.

Organization_Narrative_Details

Organization - Narrative (Details) (USD $)	0 Months Ended	9 Months Ended
	Oct. 17, 2014	Dec. 31, 2014	Aug. 26, 2014	28-May-14	Oct. 22, 2014	Apr. 23, 2014
		property
		sqft
Operations [Line Items]
Stock available for issuance IPO			$125,000,000
Common stock, par value		$0.01	$0.01
Share price (in dollars per share)		$22.50
Proceeds required to break escrow minimum	2,000,000
Common stock, outstanding		1,297,355
Proceeds from issuance of common stock and DRIP		32,200,000
DRIP share price (in dollars per share)		$0.01
Units of limited partner interest in OP (in shares)		90
Property concentration percentage		50.00%
Number of real estate properties		2
Area of real estate property		189,672
Common Stock
Operations [Line Items]
Common stock, outstanding		1,297,355
Special Limited Partner
Operations [Line Items]
Common stock outstanding				200,000
Limited partners' contributed capital		2,020
Maximum
Operations [Line Items]
Allocation of property concentration percentage allowed		20.00%
Europe
Operations [Line Items]
Property concentration percentage		50.00%
Total Portfolio, As of Document End Date
Operations [Line Items]
Real estate value		$0
Weighted average remaining lease term		8 years 7 months 6 days
Common Stock
Operations [Line Items]
Share price (in dollars per share)			$25		$25
Shares available for issuance under a distribution reinvestment plan (in shares)			26,300,000			26,300,000
Common Stock | Special Limited Partner
Operations [Line Items]
Share price (in dollars per share)				$22.50
Common stock, outstanding				8,888
Common Stock | Maximum
Operations [Line Items]
Share price (in dollars per share)			$25
DRIP share price (in dollars per share)						23.75
Estimated value of common stock						95.00%

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Finite-lived Intangible Assets Amortization Expense (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Accounting Policies [Abstract]
In-place lease, net of accumulated amortization of $0 at December 31, 2014	$2,377
Above-market lease, net of accumulated amortization of $0 at December 31, 2014	2,143
Total intangible lease assets, net	4,520
In-place lease, accumulated amortization	0
Above-market lease, accumulated amortization	$0

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
In-place leases (amortization expense)
Finite-Lived Intangible Assets [Line Items]
Period of Amortization for Intangible Asset	8 years 9 months 29 days
Above-market lease assets (rental revenue)
Finite-Lived Intangible Assets [Line Items]
Period of Amortization for Intangible Asset	8 years 9 months 29 days
2015
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	-248
2015 | In-place leases (amortization expense)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	267
2015 | Above-market lease assets (rental revenue)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	-248
2016
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	-248
2016 | In-place leases (amortization expense)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	267
2016 | Above-market lease assets (rental revenue)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	-248
2017
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	-248
2017 | In-place leases (amortization expense)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	267
2017 | Above-market lease assets (rental revenue)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	-248
2018
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	-248
2018 | In-place leases (amortization expense)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	267
2018 | Above-market lease assets (rental revenue)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	-248
2019
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	-248
2019 | In-place leases (amortization expense)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	267
2019 | Above-market lease assets (rental revenue)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	-248

Summary_of_Significant_Account5

Summary of Significant Accounting Policies - Share Repurchase Program (Details) (USD $)	9 Months Ended
	Dec. 31, 2014
Schedule of Shares Repurchased [Line Items]
Annual authorized amount (as a percentage)	5.00%
Share repurchase price	$25
Short term trading fee percentage	2.00%
2015 | Maximum
Schedule of Shares Repurchased [Line Items]
Share repurchase price	$23.13
Share repurchase price, of capital paid (as a percentage)	92.50%
2016 | Maximum
Schedule of Shares Repurchased [Line Items]
Share repurchase price	$23.75
Share repurchase price, of capital paid (as a percentage)	95.00%
2017 | Minimum
Schedule of Shares Repurchased [Line Items]
Share repurchase price	$24.38
2017 | Maximum
Schedule of Shares Repurchased [Line Items]
Share repurchase price, of capital paid (as a percentage)	97.50%
2018 | Maximum
Schedule of Shares Repurchased [Line Items]
Share repurchase price	$25
Share repurchase price, of capital paid (as a percentage)	100.00%

Summary_of_Significant_Account6

Summary of Significant Accounting Policies - Narrative (Details) (USD $)	0 Months Ended	9 Months Ended	12 Months Ended
	Oct. 17, 2014	Dec. 31, 2014	Dec. 31, 2014	Apr. 23, 2014
		segment
Equity, Class of Treasury Stock [Line Items]
Cash and cash equivalents		$1,286,000	$1,286,000	$0
Number of reportable segments		1
Proceeds required to break escrow minimum	2,000,000
Buildings, Useful Life		40 years	40 years
Land Improvements, Useful Life		15 years	15 years
Fixtures, Useful life		5 years	5 years
Short term trading fee percentage		2.00%
Common stock issued through distribution reinvestment plan		28,000
DRIP share price (in dollars per share)		$0.01	$0.01
Unvested restricted stock | Restricted Share Plan
Equity, Class of Treasury Stock [Line Items]
Shares granted automatically upon election to board of directors (in shares)		1,333	1,333
Periodic vesting percentage		20.00%	20.00%
Maximum authorized amount as a percentage of shares authorized		5.00%
Number of shares authorized (in shares)		6,300,000	6,300,000
Unvested shares		2,666	2,666	0
Minimum
Equity, Class of Treasury Stock [Line Items]
Lease Up Period			12 months
Maximum
Equity, Class of Treasury Stock [Line Items]
Liability for initial public offering costs		2.00%	2.00%
Liability for Gross Initial Public Offering Costs, Percentage of Gross Proceeds		12.00%	12.00%
United States and France
Equity, Class of Treasury Stock [Line Items]
Cash and cash equivalents		1,300,000	1,300,000
Cash, in excess of FDIC		$800,000	$800,000
Common Stock
Equity, Class of Treasury Stock [Line Items]
Common stock issued through distribution reinvestment plan (in shares)		1,182

Real_Estate_Investments_Schedu

Real Estate Investments - Schedule of Business Acquisitions, by Acquisition (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
	property
Acquired Finite-Lived Intangible Assets [Line Items]
Land	$5,327
Buildings, fixtures and improvements	23,924
Total tangible assets	29,251
Total assets acquired, net	33,820
Mortgage notes payable used to acquire real estate investments	-17,323
Cash paid for acquired real estate investments	16,497
Number of real estate properties	2
Aggregate purchase price	33,820
In-place leases
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets Acquired in Period	2,403
Above market lease assets
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets Acquired in Period	2,166
Below market lease liabilities
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets Acquired in Period	$0

Real_Estate_Investments_Busine

Real Estate Investments - Business Acquisition, Pro Forma Information (Details) (USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014
Real Estate [Abstract]
Pro forma revenues	$2,481
Pro forma net loss	($160)
Basic and diluted net loss per share (in dollars per share)	($0.12)

Real_Estate_Investments_Schedu1

Real Estate Investments - Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Real Estate [Abstract]
2015	$2,463
2016	2,463
2017	2,463
2018	2,463
2019	2,463
Thereafter	8,791
Total	$21,106

Real_Estate_Investments_Schedu2

Real Estate Investments - Schedule of Annualized Rental Income by Major Tenants (Details)	9 Months Ended
	Dec. 31, 2014
Auchan, France
Revenue, Major Customer [Line Items]
Concentration risk percentage	59.50%
Pole Emploi, France
Revenue, Major Customer [Line Items]
Concentration risk percentage	40.50%

Real_Estate_Investments_Schedu3

Real Estate Investments - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details) (France)	9 Months Ended
	Dec. 31, 2014
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Entity-wide revenue, major state percentage	100.00%

Mortgage_Notes_Payable_Schedul

Mortgage Notes Payable - Schedule of Long-term Debt Instruments (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Mortgage notes payable	$17,139
Mortgages
Debt Instrument [Line Items]
Encumbered Properties	2
Mortgage notes payable	17,139
Effective Interest Rate	1.70%
Auchan, France | Mortgages
Debt Instrument [Line Items]
Encumbered Properties	1
Mortgage notes payable	10,089
Effective Interest Rate	1.70%
Pole Emploi, France | Mortgages
Debt Instrument [Line Items]
Encumbered Properties	1
Mortgage notes payable	$7,050
Effective Interest Rate	1.70%

Mortgage_Notes_Payable_Schedul1

Mortgage Notes Payable - Schedule of Maturities of Long-term Debt (Details) (Mortgages, USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Mortgages
Debt Instrument [Line Items]
2015	$0
2016	0
2017	0
2018	0
2019	17,139
Thereafter	0
Mortgage notes payable	$17,139

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments - Fair Value, Liabilities Measured on Recurring Basis (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, at fair value	$250
Derivatives, at fair value	-86
Fair Value, Measurements, Recurring | Foreign currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, at fair value	250
Fair Value, Measurements, Recurring | Foreign currency swaps | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, at fair value	0
Fair Value, Measurements, Recurring | Foreign currency swaps | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, at fair value	250
Fair Value, Measurements, Recurring | Foreign currency swaps | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, at fair value	0
Fair Value, Measurements, Recurring | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, at fair value	-86
Fair Value, Measurements, Recurring | Interest rate swaps | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, at fair value	0
Fair Value, Measurements, Recurring | Interest rate swaps | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, at fair value	-86
Fair Value, Measurements, Recurring | Interest rate swaps | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, at fair value	$0

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments - Fair Value, by Balance Sheet Grouping (Details) (Mortgages, Level 3, USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Reported Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable	$17,139
Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable	$16,983

Derivatives_and_Hedging_Activi2

Derivatives and Hedging Activities - Schedule of Derivatives (Details) (Designated as Hedging Instrument, Cash Flow Hedging, USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified	derivative
Interest rate swaps
Derivative [Line Items]
Number of instruments	2
Notional amount	$17,139
Foreign currency swaps
Derivative [Line Items]
Number of instruments	1
Notional amount	$16,321

Derivatives_and_Hedging_Activi3

Derivatives and Hedging Activities - Schedule of Derivatives by Balance Sheet Classification (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivatives, Fair Value [Line Items]
Derivative asset	$250
Derivative liability	-86
Designated as Hedging Instrument | Foreign currency swaps
Derivatives, Fair Value [Line Items]
Derivative asset	250
Designated as Hedging Instrument | Interest rate swaps
Derivatives, Fair Value [Line Items]
Derivative liability	($86)

Derivatives_and_Hedging_Activi4

Derivatives and Hedging Activities - Derivative Instruments, Gain (Loss) (Details) (Interest rate swaps, Cash Flow Hedging, USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain recognized in accumulated other comprehensive income from derivatives (effective portion)	$189
Amount of gain (loss) recognized in income on derivative instruments (ineffective portion and amount excluded from effectiveness testing)	0
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive income into income as interest expense (effective portion)	$0

Derivatives_and_Hedging_Activi5

Derivatives and Hedging Activities - Offsetting Assets (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts of Recognized Assets	$250
Gross Amounts of Recognized (Liabilities)	-86
Gross Amounts Offset on the Balance Sheet	0
Net Amounts of Assets (Liabilities) presented on the Balance Sheet	164
Financial Instruments	0
Cash Collateral Received (Posted)	0
Net Amount	$164

Derivatives_and_Hedging_Activi6

Derivatives and Hedging Activities - Narrative (Details) (USD $)	9 Months Ended
	Dec. 31, 2014
Derivative [Line Items]
Fair value of derivatives including accrued interest, net of liability and excluding nonperformance risk adjustment	$89,599
Cash Flow Hedging | Interest rate swaps | Interest Expense | Designated as Hedging Instrument
Derivative [Line Items]
Estimated net amount to be transferred from accumulated OCI	$45,000

Common_Stock_Narrative_Details

Common Stock - Narrative (Details) (USD $)	0 Months Ended		9 Months Ended
	Oct. 22, 2014	Oct. 17, 2014	Dec. 31, 2014	Aug. 26, 2014	Apr. 23, 2014
Class of Stock [Line Items]
Stock available for issuance IPO				$125,000,000
Common stock, par value			$0.01	$0.01
Share price (in dollars per share)			$22.50
DRIP share price (in dollars per share)			$0.01
Proceeds required to break escrow minimum		2,000,000
Common stock, outstanding			1,297,355
Proceeds from issuance of common stock and DRIP			$32,200,000
Dividends declared per day (in dollars per share)	$0.00
Common Stock
Class of Stock [Line Items]
Share price (in dollars per share)	$25			$25
Shares available for issuance under a distribution reinvestment plan (in shares)				26,300,000	26,300,000
Common Stock | Maximum
Class of Stock [Line Items]
Share price (in dollars per share)				$25
DRIP share price (in dollars per share)					23.75
Estimated value of common stock					95.00%

Related_Party_Transactions_Sch

Related Party Transactions - Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Related Party Transaction [Line Items]
Due to affiliates	$1,268
Realty Capital Securities, LLC | Sales Commissions and Dealer Manager Fees | Dealer Manager
Related Party Transaction [Line Items]
Expenses from transactions with related party	2,978
Due to affiliates	$89

Related_Party_Transactions_Sch1

Related Party Transactions - Schedule of Offering Costs Reimbursements to Related Party (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Related Party Transaction [Line Items]
Due to affiliates	$1,268
American Realty Capital Global Advisors, LLC and Realty Capital Securities, LLC | Fees and Expense Reimbursement, Stock Offering | Advisor and Dealer Manager
Related Party Transaction [Line Items]
Expenses from transactions with related party	1,268
Due to affiliates	$1,268

Related_Party_Transactions_Sch2

Related Party Transactions - Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Related Party Transaction [Line Items]
Due to affiliates	$1,268
Incurred | Operation Fees and Reimbursements
Related Party Transaction [Line Items]
Expenses from transactions with related party	807
Incurred | Nonrecurring Fees | Acquisition and Related Expenses
Related Party Transaction [Line Items]
Expenses from transactions with related party	676
Incurred | Nonrecurring Fees | Transaction Fee
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Incurred | Nonrecurring Fees | Financing Coordination Fees
Related Party Transaction [Line Items]
Expenses from transactions with related party	130
Incurred | Nonrecurring Fees | Other Expense Reimbursements
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Incurred | Recurring Fees | Asset Management Fees
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Incurred | Recurring Fees | Property Management and Leasing Fees
Related Party Transaction [Line Items]
Expenses from transactions with related party	1
Incurred | Recurring Fees | Strategic Advisory Fees
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Incurred | Recurring Fees | Distributions On Class B Units
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Forgiven | Operation Fees and Reimbursements
Related Party Transaction [Line Items]
Expenses from transactions with related party	1
Forgiven | Nonrecurring Fees | Acquisition and Related Expenses
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Forgiven | Nonrecurring Fees | Transaction Fee
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Forgiven | Nonrecurring Fees | Financing Coordination Fees
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Forgiven | Nonrecurring Fees | Other Expense Reimbursements
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Forgiven | Recurring Fees | Asset Management Fees
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Forgiven | Recurring Fees | Property Management and Leasing Fees
Related Party Transaction [Line Items]
Expenses from transactions with related party	1
Forgiven | Recurring Fees | Strategic Advisory Fees
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Forgiven | Recurring Fees | Distributions On Class B Units
Related Party Transaction [Line Items]
Expenses from transactions with related party	0
Payable | Operation Fees and Reimbursements
Related Party Transaction [Line Items]
Due to affiliates	0
Payable | Nonrecurring Fees | Acquisition and Related Expenses
Related Party Transaction [Line Items]
Due to affiliates	0
Payable | Nonrecurring Fees | Transaction Fee
Related Party Transaction [Line Items]
Due to affiliates	0
Payable | Nonrecurring Fees | Financing Coordination Fees
Related Party Transaction [Line Items]
Due to affiliates	0
Payable | Nonrecurring Fees | Other Expense Reimbursements
Related Party Transaction [Line Items]
Due to affiliates	0
Payable | Recurring Fees | Asset Management Fees
Related Party Transaction [Line Items]
Due to affiliates	0
Payable | Recurring Fees | Property Management and Leasing Fees
Related Party Transaction [Line Items]
Due to affiliates	0
Payable | Recurring Fees | Strategic Advisory Fees
Related Party Transaction [Line Items]
Due to affiliates	0
Payable | Recurring Fees | Distributions On Class B Units
Related Party Transaction [Line Items]
Due to affiliates	$0

Related_Party_Transactions_Nar

Related Party Transactions - Narrative (Details) (USD $)	9 Months Ended
	Dec. 31, 2014
Related Party Transaction [Line Items]
Due to affiliates	$1,268,000
Cumulative offering costs, gross	6,200,000
Share price (in dollars per share)	$22.50
Special Limited Partner
Related Party Transaction [Line Items]
Operating partnership units held by related party (in shares)	8,888
Dealer Manager
Related Party Transaction [Line Items]
Aggregate costs borne by related party	$2,500,000
Maximum
Related Party Transaction [Line Items]
Liability for initial public offering costs	2.00%
Gross Proceeds, Retail Shares | Realty Capital Securities, LLC | Maximum | Dealer Manager
Related Party Transaction [Line Items]
Sales commissions earned by related party	7.00%
Gross Revenue, Managed Properties | American Realty Capital Healthcare II Advisors, LLC | Maximum | Advisor
Related Party Transaction [Line Items]
Oversight fees earned by related party	1.00%
Gross Revenue, Stand-alone Single-tenant Net Leased Properties | American Realty Capital Healthcare II Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Property management fees earned	2.00%
Gross Revenue, Excluding Stand-alone Single-tenant Net Leased Properties | American Realty Capital Healthcare II Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Property management fees earned	4.00%
Contract Purchase Price | American Realty Capital Healthcare II Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Acquisition fees earned by related party	1.50%
Quarterly asset management fee earned by related party	0.19%
Contract Purchase Price | American Realty Capital Healthcare II Advisors, LLC | Maximum | Advisor
Related Party Transaction [Line Items]
Acquisition fees earned by related party	4.50%
Amount Available or Outstanding Under Financing Arrangement | American Realty Capital Healthcare II Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Financing coordination fees earned by related party	0.75%
Pre-tax Non-compounded Return on Capital Contribution | American Realty Capital Healthcare II Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Cumulative capital investment return	6.00%
Subordinated performance fee earned	15.00%
Pre-tax Non-compounded Return on Capital Contribution | American Realty Capital Healthcare II Advisors, LLC | Annual Targeted Investor Return | Advisor
Related Party Transaction [Line Items]
Cumulative capital investment return	6.00%
Pre-tax Non-compounded Return on Capital Contribution | American Realty Capital Healthcare II Advisors, LLC | Maximum | Advisor
Related Party Transaction [Line Items]
Subordinated performance fee earned	10.00%
Pre-tax Non-compounded Return on Capital Contribution | American Realty Capital Global Advisors, LLC | Annual Targeted Investor Return | Advisor
Related Party Transaction [Line Items]
Cumulative capital investment return	6.00%
Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital | American Realty Capital Healthcare II Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Subordinated incentive listing distribution	15.00%
Distribution upon nonrenewal of advisory agreement	15.00%
Contract Sales Price | American Realty Capital Healthcare II Advisors, LLC | Maximum | Real Estate Commissions | Advisor
Related Party Transaction [Line Items]
Real estate commission earned by related	6.00%
Contract Sales Price | American Realty Capital Healthcare Advisors, LLC | Maximum | Advisor
Related Party Transaction [Line Items]
Real estate commission earned by related	2.00%
Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return | American Realty Capital Healthcare II Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Subordinated performance fee earned	15.00%
Option One | Gross Proceeds, Retail Shares | Maximum | Participating Broker-Dealer
Related Party Transaction [Line Items]
Brokerage fees earned by related party	7.50%
Brokerage fees earned by related party, initial grant	2.50%
Brokerage fees earned by related party, periodic payment	1.00%
Option One | Gross Proceeds, Retail Shares | Realty Capital Securities, LLC | Maximum | Dealer Manager
Related Party Transaction [Line Items]
Gross proceeds from the sales of common stock	3.00%
Option Two | Gross Proceeds, Retail Shares | Realty Capital Securities, LLC | Dealer Manager
Related Party Transaction [Line Items]
Sales commissions earned by related party	2.50%
Greater Of | Average Invested Assets | American Realty Capital Healthcare II Advisors, LLC | Maximum | Advisor
Related Party Transaction [Line Items]
Operating expenses	2.00%
Greater Of | Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets | American Realty Capital Healthcare II Advisors, LLC | Maximum | Advisor
Related Party Transaction [Line Items]
Operating expenses	25.00%
Europe | Gross Revenue, Stand-alone Single-tenant Net Leased Properties | American Realty Capital Healthcare II Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Property management fees earned	1.75%
Europe | Gross Revenue, Stand-alone Single-tenant Net Leased Properties | American Realty Capital Healthcare II Advisors, LLC | Property Manager
Related Party Transaction [Line Items]
Property management fees earned	0.25%
Europe | Gross Revenue, Excluding Stand-alone Single-tenant Net Leased Properties | American Realty Capital Healthcare II Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Property management fees earned	3.50%
Europe | Gross Revenue, Excluding Stand-alone Single-tenant Net Leased Properties | American Realty Capital Healthcare II Advisors, LLC | Property Manager
Related Party Transaction [Line Items]
Property management fees earned	0.50%

ShareBased_Compensation_Schedu

Share-Based Compensation - Schedule of Restricted Share Award Activity (Details) (Restricted Share Plan, Unvested restricted stock, USD $)	9 Months Ended
	Dec. 31, 2014
Restricted Share Plan | Unvested restricted stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested shares, beginning balance	0
Granted (shares)	2,666
Vested (shares)	0
Forfeitures (shares)	0
Unvested shares, ending balance	2,666
Weighted-Average Issue Price
Weighted average price, beginning balance	$0
Grants (in dollars)	$22.50
Vested (in dollars)	$0
Forfeitures (in dollars)	$0
Weighted average price, ending balance	$22.50

ShareBased_Compensation_Narrat

Share-Based Compensation - Narrative (Details) (Unvested restricted stock, USD $)	9 Months Ended
	Dec. 31, 2014
Restricted Share Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted automatically upon election to board of directors (in shares)	1,333
Vesting period	5 years
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
Share-based compensation	$4,000
Compensation cost not yet recognized	$60,000
Period for recognition of costs not yet recognized	5 years
Director Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years

Net_Loss_Per_Share_Schedule_of

Net Loss Per Share - Schedule of Earnings Per Share (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
Earnings Per Share [Abstract]
Net loss	($20)	($2,278)	($156)	($2,454)
Basic and diluted weighted average shares outstanding	0	684,769	0	684,769
Basic and diluted net loss per share		($3.33)		($3.58)

Net_Loss_Per_Share_Schedule_of1

Net Loss Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details)	9 Months Ended
	Dec. 31, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Amount of antidilutive securities excluded from computation of earnings per share	2,756
Unvested restricted stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Amount of antidilutive securities excluded from computation of earnings per share	2,666
OP Units
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Amount of antidilutive securities excluded from computation of earnings per share	90
Total common share equivalents
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Amount of antidilutive securities excluded from computation of earnings per share	0

Quarterly_Results_Unaudited_Sc

Quarterly Results (Unaudited) - Schedule of Quarterly Financial Information (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]
Total revenues	$0	$20	$0	$20
Net loss	($20)	($2,278)	($156)	($2,454)
Weighted average shares outstanding	0	684,769	0	684,769
Basic and diluted net loss per share		($3.33)		($3.58)

Subsequent_Events_Acquisitions

Subsequent Events - Acquisitions (Details) (USD $)	2 Months Ended
In Thousands, unless otherwise specified	Feb. 27, 2015	Dec. 31, 2014
	property	sqft
	sqft	property
Subsequent Event [Line Items]
Number of real estate properties		2
Area of real estate property		189,672
Aggregate purchase price		$33,820
Number of real estate properties		2
Area of real estate property		189,672
Aggregate purchase price		33,820
Subsequent Event
Subsequent Event [Line Items]
Number of real estate properties, Acquisitions	2
Area of real estate property, Acquisitions	335,526
Aggregate purchase price, Acquisitions	81,497
Number of real estate properties	4
Area of real estate property	525,198
Aggregate purchase price	$115,317

Narrative_Details

- Narrative (Details) (Barclays Bank PLC, Subsequent Event, USD $)	0 Months Ended
	Feb. 28, 2015
Revolving Credit Facility
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	100,000,000
Line of Credit Facility, Additional Borrowing Capacity, Accordion Feature	1,250,000,000
Revolving Credit Facility | Alternate Base Rate
Subsequent Event [Line Items]
Late Payment Penalty, Percent	2.00%
Revolving Credit Facility | Alternate Base Rate | Minimum
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Revolving Credit Facility | Alternate Base Rate | Maximum
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.10%
Revolving Credit Facility | Adjusted LIBOR
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Revolving Credit Facility | Adjusted LIBOR | Minimum
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Revolving Credit Facility | Adjusted LIBOR | Maximum
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.10%
Revolving Credit Facility | Adjusted EURIBOR | Minimum
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Revolving Credit Facility | Adjusted EURIBOR | Maximum
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.10%
Revolving Credit Facility | Federal Funds Effective Rate | Maximum
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Swingline Loans
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	50,000,000
Letter of Credit
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	25,000,000

Schedule_III_Real_Estate_and_A1

Schedule III - Real Estate and Accumulated Depreciation - Schedule of Properties (Details) (USD $)	Dec. 31, 2014	Apr. 23, 2014
In Thousands, unless otherwise specified
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$17,139
Land	5,271
Buildings, fixtures and improvements	23,669
Real estate, fross	28,940	0
Real estate accumulate depreciation	0	0
Acquisitions, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	17,139
Land	5,271
Buildings, fixtures and improvements	23,669
Real estate, fross	28,940
Real estate accumulate depreciation	0
Acquisitions, 2014 | Pole Emploi, France
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,050
Land	848
Buildings, fixtures and improvements	9,597
Real estate, fross	10,445
Real estate accumulate depreciation	0
Acquisitions, 2014 | Auchan, France
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	10,089
Land	4,423
Buildings, fixtures and improvements	14,072
Real estate, fross	18,495
Real estate accumulate depreciation	$0

Schedule_III_Real_Estate_and_A2

Schedule III - Real Estate and Accumulated Depreciation - Summary of Activity (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Real estate investments, at cost:
Real estate, gross, beginning balance	$0
Additions-Acquisitions	29,251
Currency translation adjustment	-311
Real estate, gross, ending balance	28,940
Accumulated depreciation and amortization:
Beginning balance	0
Depreciation and amortization expense	0
Currency translation adjustment	0
Ending balance	$0

Schedule_III_Real_Estate_and_A3

Schedule III - Real Estate and Accumulated Depreciation - Narrative (Details) (USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Real Estate Investments, Acquired Intangible Assets, Total	$4,500,000	$4,500,000
Tax Basis of Investments, Cost for Income Tax Purposes	36,600,000	36,600,000
Buildings, Useful Life	40 years	40 years
Land Improvements, Useful Life	15 years	15 years
Fixtures, Useful life	5 years	5 years
Encumbrances	$17,139,000	$17,139,000