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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:                      
Rental income                 $ 310,508us-gaap_OperatingLeasesIncomeStatementLeaseRevenue [1] $ 65,262us-gaap_OperatingLeasesIncomeStatementLeaseRevenue [1] $ 3,762us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Direct financing lease income                 2,244us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue [1] 0us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue [1] 0us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue
Operating expense reimbursements                 16,571us-gaap_TenantReimbursements [1] 1,945us-gaap_TenantReimbursements [1] 208us-gaap_TenantReimbursements
Total revenues 136,226us-gaap_Revenues [2] 95,255us-gaap_Revenues [2] 54,945us-gaap_Revenues [2] 42,897us-gaap_Revenues [2] 30,488us-gaap_Revenues [3] 18,945us-gaap_Revenues [3] 11,534us-gaap_Revenues [3] 6,240us-gaap_Revenues [3] 329,323us-gaap_Revenues [1] 67,207us-gaap_Revenues [1] 3,970us-gaap_Revenues
Operating expenses:                      
Acquisition related (including $37,564, $28,656 and $1,692 to affiliates, respectively)                 76,113us-gaap_CostsOfRealEstateServicesAndLandSales [1] 45,070us-gaap_CostsOfRealEstateServicesAndLandSales [1] 3,898us-gaap_CostsOfRealEstateServicesAndLandSales
Merger and other non-routine transactions (including $156,146, $0 and $0 to affiliates, respectively)                 210,543us-gaap_BusinessCombinationAcquisitionRelatedCosts [1],[4] 2,603us-gaap_BusinessCombinationAcquisitionRelatedCosts [1] 0us-gaap_BusinessCombinationAcquisitionRelatedCosts
Property operating                 23,616us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment [1] 3,522us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment [1] 220us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
Management fees to affiliates                 17,462arcp_ManagementFeesExpenseAffiliate [1],[5] 212arcp_ManagementFeesExpenseAffiliate [1] 0arcp_ManagementFeesExpenseAffiliate
General and administrative (including $103,206, $826 and $168 to affiliates, respectively)                 123,172us-gaap_GeneralAndAdministrativeExpense [1] 5,458us-gaap_GeneralAndAdministrativeExpense [1] 749us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization                 210,976us-gaap_DepreciationAndAmortization [1] 40,957us-gaap_DepreciationAndAmortization [1] 2,097us-gaap_DepreciationAndAmortization
Impairment of real estate                 3,346us-gaap_ImpairmentOfRealEstate [1],[6],[7] 0us-gaap_ImpairmentOfRealEstate [1] 0us-gaap_ImpairmentOfRealEstate
Total operating expenses                 665,228us-gaap_OperatingExpenses [1] 97,822us-gaap_OperatingExpenses [1] 6,964us-gaap_OperatingExpenses
Operating loss                 (335,905)us-gaap_OperatingIncomeLoss [1] (30,615)us-gaap_OperatingIncomeLoss [1] (2,994)us-gaap_OperatingIncomeLoss
Other (expense) income:                      
Interest expense                 (105,548)us-gaap_InterestExpense [1] (11,856)us-gaap_InterestExpense [1] (960)us-gaap_InterestExpense
Other income, net                 3,824arcp_OtherIncomeNet [1] 979arcp_OtherIncomeNet [1] 4arcp_OtherIncomeNet
Loss on derivative instruments, net                 (67,946)us-gaap_InvestmentIncomeNet [1] 0us-gaap_InvestmentIncomeNet [1] (2)us-gaap_InvestmentIncomeNet
Loss on sale of investments in affiliates                 (411)us-gaap_IncomeLossFromEquityMethodInvestments [1] 0us-gaap_IncomeLossFromEquityMethodInvestments [1] 0us-gaap_IncomeLossFromEquityMethodInvestments
Loss on sale of investments                 (1,795)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet [1] 0us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet [1] 0us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
Total other expenses, net                 (171,876)us-gaap_OtherNonoperatingIncomeExpense [1] (10,877)us-gaap_OtherNonoperatingIncomeExpense [1] (958)us-gaap_OtherNonoperatingIncomeExpense
Loss from continuing operations (197,829)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2] (80,170)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2] (69,603)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2] (143,864)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2] (16,459)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [3] (12,768)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [3] (7,012)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [3] (4,722)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [3] (507,781)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [1] (41,492)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [1] (3,952)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Net loss from continuing operations attributable to non-controlling interests                 16,315us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity [1] 531us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity [1] 69us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
Net loss from continuing operations attributable to stockholders                 (491,466)us-gaap_IncomeLossFromContinuingOperations [1] (40,961)us-gaap_IncomeLossFromContinuingOperations [1] (3,883)us-gaap_IncomeLossFromContinuingOperations
Discontinued operations:                      
Loss from operations of held for sale properties                 (34)us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss [1] (145)us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss [1] (37)us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
Loss on held for sale properties                 0arcp_DiscontinuedOperationImpairmentOfRealEstate [1],[8],[9] (600)arcp_DiscontinuedOperationImpairmentOfRealEstate [1] (815)arcp_DiscontinuedOperationImpairmentOfRealEstate
Net loss from discontinued operations 14us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [2] (31)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [2] 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [2] (16)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [2] (251)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [3] (41)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [3] (77)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [3] (322)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [3] (34)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [1] (745)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [1] (852)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net loss from discontinued operations attributable to non-controlling interest                 1us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest [1] 54us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest [1] 36us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
Net loss from discontinued operations attributable to stockholders                 (33)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [1] (691)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [1] (816)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net loss (197,815)us-gaap_ProfitLoss [2] (80,201)us-gaap_ProfitLoss [2] (69,603)us-gaap_ProfitLoss [2] (143,880)us-gaap_ProfitLoss [2] (16,710)us-gaap_ProfitLoss [3] (12,809)us-gaap_ProfitLoss [3] (7,089)us-gaap_ProfitLoss [3] (5,044)us-gaap_ProfitLoss [3] (507,815)us-gaap_ProfitLoss [1] (42,237)us-gaap_ProfitLoss [1] (4,804)us-gaap_ProfitLoss
Net loss attributable to non-controlling interests                 16,316us-gaap_NetIncomeLossAttributableToNoncontrollingInterest [1] 585us-gaap_NetIncomeLossAttributableToNoncontrollingInterest [1] 105us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net loss attributable to stockholders                 $ (491,499)us-gaap_NetIncomeLoss [1] $ (41,652)us-gaap_NetIncomeLoss [1] $ (4,699)us-gaap_NetIncomeLoss
Basic and diluted net loss per share from continuing operations attributable to common stockholders $ (0.87)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [10],[2] $ (0.36)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [10],[2] $ (0.35)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [10],[2] $ (0.86)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [10],[2] $ (0.09)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [3] $ (0.09)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [3] $ (0.10)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [3] $ (0.20)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [3] $ (2.41)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [1] $ (0.40)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [1] $ (1.04)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Basic and diluted net loss per share attributable to common stockholders $ (0.87)us-gaap_EarningsPerShareBasicAndDiluted [2] $ (0.36)us-gaap_EarningsPerShareBasicAndDiluted [2] $ (0.35)us-gaap_EarningsPerShareBasicAndDiluted [2] $ (0.86)us-gaap_EarningsPerShareBasicAndDiluted [2] $ (0.09)us-gaap_EarningsPerShareBasicAndDiluted [3] $ (0.09)us-gaap_EarningsPerShareBasicAndDiluted [3] $ (0.10)us-gaap_EarningsPerShareBasicAndDiluted [3] $ (0.21)us-gaap_EarningsPerShareBasicAndDiluted [3] $ (2.41)us-gaap_EarningsPerShareBasicAndDiluted [1] $ (0.41)us-gaap_EarningsPerShareBasicAndDiluted [1] $ (1.26)us-gaap_EarningsPerShareBasicAndDiluted
[1] For discussion on the restatement adjustments, see Note 2 - Restatement of Previously Issued Financial Statements.
[2] The historical financial statements have been adjusted for discontinued operations and figures have been recast in applying the carryover basis of accounting to include the effects of the merger with ARCT IV.
[3] Certain historical balances have been restated for discontinued operations.
[4] This line item caption has been updated to merger and other non-routine transactions in the accompanying consolidated statements of operations.
[5] This line item caption has been updated to management fees to affiliates in the accompanying consolidated statements of operations.
[6] As disclosed above, this line item has been added and is included in the accompanying consolidated statements of operations.
[7] As disclosed above, this line item has been added and is included in the accompanying consolidated statements of cash flows.
[8] This line item caption has been updated to loss on held for sale properties in the accompanying consolidated statements of operations.
[9] This line item caption has been updated to loss on held for sale properties in the accompanying consolidated statements of cash flows.
[10] For the year ended December 31, 2013, the total quarterly basic and diluted earnings per share were $0.03 lower than the annual basic and diluted earnings per share due to the effects of rounding.