CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Real estate investments, at cost:
Land	$ 3,487,824	$ 1,380,308	[1]
Buildings, fixtures and improvements	12,355,029	5,297,400	[1]
Land and construction in progress	86,973	21,839	[1]
Acquired intangible lease assets	2,424,076	759,595	[1]
Total real estate investments, at cost	18,353,902	7,459,142	[1]
Less: accumulated depreciation and amortization	(828,624)	(267,278)	[1]
Total real estate investments, net	17,525,278	7,191,864	[1]
Investment in unconsolidated entities	100,762	0	[1]
Investment in direct financing leases, net	57,441	66,112	[1]
Investment securities, at fair value	59,131	62,067	[1]
Loans held for investment, net	96,981	26,279	[1]
Cash and cash equivalents	145,310	52,725	[1]
Restricted cash	72,754	35,921	[1]
Intangible assets, net	323,332	0	[1]
Deferred costs and other assets, net	446,606	280,661	[1]
Goodwill	2,096,450	92,789	[1]
Due from affiliates	55,666	0	[1]
Assets held for sale	1,887,872	665	[1]
Total assets	22,867,583	7,809,083	[1]
LIABILITIES AND EQUITY
Mortgage notes payable, net	3,782,407	1,301,114	[1]
Corporate bonds, net	2,546,294	0	[1]
Convertible debt, net	976,251	972,490	[1]
Credit facilities	4,259,000	1,969,800	[1]
Other debt, net	48,587	104,804	[1]
Below-market lease liabilities, net	318,494	77,169	[1]
Accounts payable and accrued expenses	180,338	730,571	[1]
Deferred rent, derivative and other liabilities	195,256	40,271	[1]
Distributions payable	9,927	10,903	[1]
Due to affiliates	2,757	103,434	[1]
Liabilities associated with assets held for sale	545,382	0	[1]
Total liabilities	12,864,693	5,310,556	[1]
Common stock, $0.01 par value, 1,500,000,000 shares authorized and 907,964,521 and 239,234,725 issued and outstanding at September 30, 2014 and December 31, 2013, respectively	9,080	2,392	[1]
Additional paid-in capital	11,905,338	2,940,907	[1]
Accumulated other comprehensive income	8,600	7,666	[1]
Accumulated deficit	(2,182,731)	(877,957)	[1]
Total stockholders' equity	9,740,715	2,073,430	[1]
Non-controlling interests	262,175	155,798	[1]
Total equity	10,002,890	2,229,228	[1]
Total liabilities and equity	22,867,583	7,809,083	[1]
ARC Properties Operating Partnership, L.P. [Member]
Real estate investments, at cost:
Land	3,487,824	1,380,308	[1]
Buildings, fixtures and improvements	12,355,029	5,297,400	[1]
Land and construction in progress	86,973	21,839	[1]
Acquired intangible lease assets	2,424,076	759,595	[1]
Total real estate investments, at cost	18,353,902	7,459,142	[1]
Less: accumulated depreciation and amortization	(828,624)	(267,278)	[1]
Total real estate investments, net	17,525,278	7,191,864	[1]
Investment in unconsolidated entities	100,762	0	[1]
Investment in direct financing leases, net	57,441	66,112	[1]
Investment securities, at fair value	59,131	62,067	[1]
Loans held for investment, net	96,981	26,279	[1]
Cash and cash equivalents	145,310	52,725	[1]
Restricted cash	72,754	35,921	[1]
Intangible assets, net	323,332
Deferred costs and other assets, net	446,606	280,661	[1]
Goodwill	2,096,450	92,789	[1]
Due from affiliates	55,666	0	[1]
Assets held for sale	1,887,872	665	[1]
Total assets	22,867,583	7,809,083	[1]
LIABILITIES AND EQUITY
Mortgage notes payable, net	3,782,407	1,301,114	[1]
Total partners' equity	9,977,588	2,228,661	[1]
Corporate bonds, net	2,546,294	0	[1]
Non-controlling interests	25,302	567	[1]
Convertible debt, net	976,251	972,490	[1]
Total equity	10,002,890	2,229,228	[1]
Credit facilities	4,259,000	1,969,800	[1]
Other debt, net	48,587	104,804	[1]
Below-market lease liabilities, net	318,494	77,169	[1]
Accounts payable and accrued expenses	180,338	730,571	[1]
Deferred rent, derivative and other liabilities	195,256	40,271	[1]
Distributions payable	9,927	10,903	[1]
Due to affiliates	2,757	103,434	[1]
Liabilities associated with assets held for sale	545,382	0	[1]
Total liabilities	12,864,693	5,310,556	[1]
Total liabilities and equity	22,867,583	7,809,083	[1]
ARC Properties Operating Partnership, L.P. [Member] | Common Stock [Member]
LIABILITIES AND EQUITY
General partners' capital account	8,726,024	1,018,124	[1]
Limited partners' capital account	233,229	139,082	[1]
Series D preferred stock [Member]
LIABILITIES AND EQUITY
General partner's Series D Preferred equity - zero and 21,735,008 General Partner Preferred Units issued and outstanding at September 30, 2014 and December 31, 2013, respectively	0	269,299	[1]
Preferred stock (excluding Series D Preferred Stock) [Member]
LIABILITIES AND EQUITY
Preferred stock (excluding Series D Preferred Stock), $0.01 par value, 100,000,000 shares authorized and 42,822,383 and 42,199,547 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively	428	422	[1]
Series D preferred stock [Member] | ARC Properties Operating Partnership, L.P. [Member]
LIABILITIES AND EQUITY
General partner's Series D Preferred equity - zero and 21,735,008 General Partner Preferred Units issued and outstanding at September 30, 2014 and December 31, 2013, respectively	0	269,299	[1]
Preferred stock (excluding Series D Preferred Stock) [Member] | ARC Properties Operating Partnership, L.P. [Member] | Preferred Stock [Member]
LIABILITIES AND EQUITY
General partners' capital account	1,014,339	1,054,989	[1]
Limited partners' capital account	$ 3,996	$ 16,466	[1]

[1] For discussion on the restatement adjustments, see Note 2 - Restatement of Previously Issued Consolidated Financial Statements.