XML 26 R89.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value of Financial Instruments - Level 3 Input Reconciliation (Detail) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance $ 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
Fair value at purchase/issuance 42,038us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
Sales of CMBS (278)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
Fair value adjustment 2,087us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease [1]
Ending balance 43,847us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
Commercial Mortgage Backed Securities [Member]  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Fair value at purchase/issuance 60,730us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Sales of CMBS (278)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Fair value adjustment 131us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
[1]
Ending balance 60,583us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Series D Preferred Stock Embedded Derivative [Member]  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= arcp_SeriesDPreferredStockEmbeddedDerivativeMember
Fair value at purchase/issuance (18,692)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= arcp_SeriesDPreferredStockEmbeddedDerivativeMember
Sales of CMBS 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= arcp_SeriesDPreferredStockEmbeddedDerivativeMember
Fair value adjustment 1,956us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= arcp_SeriesDPreferredStockEmbeddedDerivativeMember
[1]
Ending balance $ (16,736)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= arcp_SeriesDPreferredStockEmbeddedDerivativeMember
[1] The change in fair value in the CMBS and Series D Preferred Stock embedded derivative is recorded in unrealized gain (loss) on investment securities, net and loss on derivative instruments, net, respectively, on the consolidated statement of operations and comprehensive loss.