XML 145 R101.htm IDEA: XBRL DOCUMENT v2.4.1.9
Credit Facilities (Detail) (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2012
Feb. 14, 2013
Jun. 18, 2013
Line of Credit Facility [Line Items]          
Mortgage notes payable, net $ 1,301,114,000us-gaap_SecuredDebt [1]   $ 265,118,000us-gaap_SecuredDebt [1]    
Maximum borrowing capacity 1,900,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity        
Line of Credit Facility, Undrawn Commitment 1,400,000,000arcp_LineofCreditFacilityUndrawnCommitment        
Senior secured revolving credit facility 0us-gaap_DebtInstrumentFairValue [1]   124,604,000us-gaap_DebtInstrumentFairValue [1]    
Debt Instrument, Interest Rate, Stated Percentage 3.17%arcp_LineOfCreditFacilityInterestRateAtPeriodEndFloatingInterestRate        
Line of Credit, Amount Bearing Fixed Interest Rate, Percentage 3.85%arcp_LineOfCreditAmountBearingFixedInterestRatePercentage        
Minimum [Member]          
Line of Credit Facility [Line Items]          
Line of Credit Facility, Commitment Fee Percentage 0.15%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
/ us-gaap_RangeAxis
= us-gaap_MinimumMember		        
Maximum [Member]          
Line of Credit Facility [Line Items]          
Line of Credit Facility, Commitment Fee Percentage 0.25%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
/ us-gaap_RangeAxis
= us-gaap_MaximumMember		        
External Credit Rating, Non Investment Grade [Member] | Minimum [Member]          
Line of Credit Facility [Line Items]          
Debt Instrument, Basis Spread on Variable Rate 2.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ExternalCreditRatingNonInvestmentGradeMember		        
External Credit Rating, Non Investment Grade [Member] | Maximum [Member]          
Line of Credit Facility [Line Items]          
Debt Instrument, Basis Spread on Variable Rate 3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ExternalCreditRatingNonInvestmentGradeMember		        
External Credit Rating, Investment Grade [Member] | Minimum [Member] | Revolving Credit Facility [Member]          
Line of Credit Facility [Line Items]          
Debt Instrument, Basis Spread on Variable Rate 0.90%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ExternalCreditRatingInvestmentGradeMember		        
External Credit Rating, Investment Grade [Member] | Minimum [Member] | Term Loan [Member]          
Line of Credit Facility [Line Items]          
Debt Instrument, Basis Spread on Variable Rate 1.15%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= arcp_TermLoanMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ExternalCreditRatingInvestmentGradeMember		        
External Credit Rating, Investment Grade [Member] | Maximum [Member] | Revolving Credit Facility [Member]          
Line of Credit Facility [Line Items]          
Debt Instrument, Basis Spread on Variable Rate 1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ExternalCreditRatingInvestmentGradeMember		        
External Credit Rating, Investment Grade [Member] | Maximum [Member] | Term Loan [Member]          
Line of Credit Facility [Line Items]          
Debt Instrument, Basis Spread on Variable Rate 2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= arcp_TermLoanMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ExternalCreditRatingInvestmentGradeMember		        
Term Loan [Member]          
Line of Credit Facility [Line Items]          
Senior corporate credit facilities 940,000,000us-gaap_LineOfCredit
/ us-gaap_CreditFacilityAxis
= arcp_TermLoanMember		        
Revolving Credit Facility [Member]          
Line of Credit Facility [Line Items]          
Maximum borrowing capacity 1,500,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember		        
Senior corporate credit facilities 119,800,000us-gaap_LineOfCredit
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember		        
Effective interest rate       3.11%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember		  
Revolving Credit Facility [Member] | Variable Interest Rate [Member]          
Line of Credit Facility [Line Items]          
Senior corporate credit facilities 544,800,000us-gaap_LineOfCredit
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_DebtInstrumentAxis
= arcp_VariableInterestRateMember		        
Revolving Credit Facility [Member] | Fixed Rate Line of Credit [Member]          
Line of Credit Facility [Line Items]          
Senior corporate credit facilities 515,000,000us-gaap_LineOfCredit
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_DebtInstrumentAxis
= arcp_FixedRateLineofCreditMember		        
Senior Revolving Credit Facility [Member]          
Line of Credit Facility [Line Items]          
Extinguishment of Debt, Amount   124,600,000us-gaap_ExtinguishmentOfDebtAmount
/ us-gaap_CreditFacilityAxis
= arcp_SeniorRevolvingCreditFacilityMember		      
Additional Funding Agreement Terms [Member] | Unsecured Debt [Member]          
Line of Credit Facility [Line Items]          
Maximum borrowing capacity 3,000,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ arcp_CreditFacilityAmendmentAxis
= us-gaap_AdditionalFundingAgreementTermsMember
/ us-gaap_CreditFacilityAxis
= us-gaap_UnsecuredDebtMember		        
Wells Fargo [Member] | Secured Debt [Member]          
Line of Credit Facility [Line Items]          
Maximum borrowing capacity 150,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_SecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= arcp_WellsFargoMember		        
Senior corporate credit facilities 150,000,000us-gaap_LineOfCredit
/ us-gaap_CreditFacilityAxis
= us-gaap_SecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= arcp_WellsFargoMember		        
Debt Instrument, Basis Spread on Variable Rate 2.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_SecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= arcp_WellsFargoMember		        
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member]          
Line of Credit Facility [Line Items]          
Senior secured revolving credit facility 4,348,208,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		   389,722,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		    
Mortgages [Member]          
Line of Credit Facility [Line Items]          
Mortgage notes payable, net 1,258,661,000us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		   265,118,000us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		    
Mortgages [Member] | Minimum [Member]          
Line of Credit Facility [Line Items]          
Effective interest rate 1.83%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember		   3.32%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember		    
Mortgages [Member] | Maximum [Member]          
Line of Credit Facility [Line Items]          
Effective interest rate 6.28%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember		   6.13%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember		    
Mortgages [Member] | Unsecured Debt [Member]          
Line of Credit Facility [Line Items]          
Mortgage notes payable, net 2,420,000,000us-gaap_SecuredDebt
/ us-gaap_CreditFacilityAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		        
Mortgages [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member]          
Line of Credit Facility [Line Items]          
Senior secured revolving credit facility 1,301,114,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		   265,118,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		    
Unsecured Debt [Member]          
Line of Credit Facility [Line Items]          
Senior corporate credit facilities 1,819,800,000us-gaap_LineOfCredit
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember		 [1]   0us-gaap_LineOfCredit
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember		 [1]    
Unsecured Debt [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member]          
Line of Credit Facility [Line Items]          
Senior secured revolving credit facility 1,819,800,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember		   0us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember		    
Unsecured Debt [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member] | Revolving Credit Facility [Member]          
Line of Credit Facility [Line Items]          
Senior secured revolving credit facility 1,100,000,000us-gaap_DebtInstrumentFairValue
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember		        
Secured Debt [Member] | Term Loan [Member] | ARCT IV / ARCP Merger [Member]          
Line of Credit Facility [Line Items]          
Senior corporate credit facilities         300,000,000us-gaap_LineOfCredit
/ us-gaap_BusinessAcquisitionAxis
= arcp_ARCTIVARCPMergerMember
/ us-gaap_CreditFacilityAxis
= arcp_TermLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
Secured Debt [Member] | Revolving Credit Facility [Member] | ARCT IV / ARCP Merger [Member]          
Line of Credit Facility [Line Items]          
Senior corporate credit facilities         450,000,000us-gaap_LineOfCredit
/ us-gaap_BusinessAcquisitionAxis
= arcp_ARCTIVARCPMergerMember
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
Line of credit facility, current borrowing capacity         500,000,000us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
/ us-gaap_BusinessAcquisitionAxis
= arcp_ARCTIVARCPMergerMember
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
Secured Debt [Member] | Senior Secured Credit Facility [Member] | ARCT IV / ARCP Merger [Member]          
Line of Credit Facility [Line Items]          
Maximum borrowing capacity         1,500,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_BusinessAcquisitionAxis
= arcp_ARCTIVARCPMergerMember
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
Senior corporate credit facilities         760,000,000us-gaap_LineOfCredit
/ us-gaap_BusinessAcquisitionAxis
= arcp_ARCTIVARCPMergerMember
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
Debt Instrument, Face Amount         750,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_BusinessAcquisitionAxis
= arcp_ARCTIVARCPMergerMember
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
Line of credit facility, current borrowing capacity         800,000,000us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
/ us-gaap_BusinessAcquisitionAxis
= arcp_ARCTIVARCPMergerMember
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
Line of Credit Facility, Remaining Borrowing Capacity         $ 40,000,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
/ us-gaap_BusinessAcquisitionAxis
= arcp_ARCTIVARCPMergerMember
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
Effective interest rate         1.71%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_BusinessAcquisitionAxis
= arcp_ARCTIVARCPMergerMember
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[1] For discussion on the restatement adjustments, see Note 2 - Restatement of Previously Issued Financial Statements.