CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Revenues:
Rental income	$ 365,712,000		$ 89,729,000	[1]	$ 924,646,000		$ 183,251,000	[1]
Direct financing lease income	625,000		1,201,000	[1]	2,812,000		1,201,000	[1]
Operating expense reimbursements	30,984,000		4,325,000	[1]	81,716,000		8,516,000	[1]
Cole Capital revenue	59,797,000		0	[1]	151,276,000		0	[1]
Total revenues	457,118,000		95,255,000	[1],[2]	1,160,450,000		192,968,000	[1],[2]
Operating expenses:
Cole Capital reallowed fees and commissions	15,398,000		0	[1]	56,902,000		0	[1]
Acquisition related	13,998,000	[3]	26,948,000	[1],[3]	34,616,000	[3]	74,541,000	[1],[3]
Merger and other non-routine transactions	7,632,000	[4]	4,301,000	[1],[4]	175,352,000	[4]	133,734,000	[1],[4]
Property operating	40,977,000		5,430,000	[1]	110,018,000		11,065,000	[1]
Management fees to affiliates	0		0	[1]	13,888,000		12,493,000	[1]
General and administrative	32,207,000	[5]	9,866,000	[1],[5]	128,711,000	[5]	23,921,000	[1],[5]
Depreciation and amortization	265,150,000		62,136,000	[1]	689,731,000		122,484,000	[1]
Impairment of real estate	2,299,000		2,074,000	[1]	3,855,000		2,074,000	[1]
Total operating expenses	377,661,000		110,755,000	[1],[2]	1,213,073,000		380,312,000	[1],[2]
Operating income (loss)	79,457,000		(15,500,000)	[1]	(52,623,000)		(187,344,000)	[1]
Other (expense) income:
Interest expense, net	(101,643,000)		(27,189,000)	[1]	(326,491,000)		(45,414,000)	[1]
Extinguishment of debt, net	(5,396,000)		0	[1]	(21,264,000)		0	[1]
Other income, net	7,556,000		136,000	[1]	29,702,000		2,658,000	[1]
Loss on derivative instruments, net	(17,484,000)		(38,651,000)	[1]	(10,398,000)		(69,830,000)	[1]
Loss on held for sale assets and disposition of properties, net	(256,894,000)		0	[1]	(275,768,000)		0	[1]
Gain (loss) on sale of investments	6,357,000		(2,246,000)	[1]	6,357,000		(1,795,000)	[1]
Total other expenses, net	(367,504,000)		(67,950,000)	[1]	(597,862,000)		(114,381,000)	[1]
Net loss from continuing operations	(288,047,000)		(83,450,000)	[1]	(650,485,000)		(301,725,000)	[1]
Discontinued operations:
Income from operations of held for sale assets	0		96,000	[1]	0		159,000	[1]
Net income from discontinued operations	0		96,000	[1],[2]	0		159,000	[1],[2]
Net loss	(288,047,000)		(83,354,000)	[1],[2]	(650,485,000)		(301,566,000)	[1],[2]
Net income attributable to non-controlling interests	7,649,000		3,153,000	[1]	23,923,000		7,882,000	[1]
Net loss attributable to the Company	(280,398,000)		(80,201,000)	[1]	(626,562,000)		(293,684,000)	[1]
Basic and diluted net loss per share from continuing operations attributable to common stockholders	$ (0.35)		$ (0.36)	[1]	$ (0.94)		$ (1.50)	[1]
Basic and diluted net loss per share attributable to common unitholders			$ (0.36)				$ (1.50)
Basic and diluted net loss per share from discontinued operations attributable to common stockholders	$ 0		$ 0	[1]	$ 0		$ 0	[1]
ARC Properties Operating Partnership, L.P. [Member]
Revenues:
Rental income	365,712,000		89,729,000		924,646,000		183,251,000
Direct financing lease income	625,000		1,201,000		2,812,000		1,201,000
Operating expense reimbursements	30,984,000		4,325,000		81,716,000		8,516,000
Cole Capital revenue	59,797,000		0		151,276,000		0
Total revenues	457,118,000		95,255,000		1,160,450,000		192,968,000
Operating expenses:
Cole Capital reallowed fees and commissions	15,398,000		0		56,902,000		0
Acquisition related	13,998,000		26,948,000		34,616,000		74,541,000
Merger and other non-routine transactions	7,632,000		4,301,000		175,352,000		133,734,000
Property operating	40,977,000		5,430,000		110,018,000		11,065,000
Management fees to affiliates	0		0		13,888,000		12,493,000
General and administrative	32,207,000		9,866,000		128,711,000		23,921,000
Depreciation and amortization	265,150,000		62,136,000		689,731,000		122,484,000
Impairment of real estate	2,299,000		2,074,000		3,855,000		2,074,000
Total operating expenses	377,661,000		110,755,000		1,213,073,000		380,312,000
Operating income (loss)	79,457,000		(15,500,000)		(52,623,000)		(187,344,000)
Other (expense) income:
Interest expense, net	(101,643,000)		(27,189,000)		(326,491,000)		(45,414,000)
Extinguishment of debt, net	(5,396,000)				(21,264,000)
Other income, net	7,556,000		136,000		29,702,000		2,658,000
Loss on derivative instruments, net	(17,484,000)		(38,651,000)		(10,398,000)		(69,830,000)
Loss on held for sale assets and disposition of properties, net	(256,894,000)		0		(275,768,000)		0
Gain (loss) on sale of investments	6,357,000		(2,246,000)		6,357,000		(1,795,000)
Total other expenses, net	(367,504,000)		(67,950,000)		(597,862,000)		(114,381,000)
Net loss from continuing operations	(288,047,000)		(83,450,000)		(650,485,000)		(301,725,000)
Discontinued operations:
Income from operations of held for sale assets	0		96,000		0		159,000
Net income from discontinued operations	0		96,000		0		159,000
Net loss	(288,047,000)		(83,354,000)		(650,485,000)		(301,566,000)
Net income attributable to non-controlling interests	155,000				235,000
Net loss attributable to the Company	$ (288,202,000)		$ (83,354,000)		$ (650,720,000)		$ (301,566,000)
Basic and diluted net loss per share attributable to common unitholders	$ (0.35)		$ (0.36)		$ (0.94)		$ (1.48)

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

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

[3] Includes $1.7 million to affiliates for the nine months ended September 30, 2014, and $10.1 million and $36.9 million to affiliates for the three and nine months ended September 30, 2013, respectively.

[4] Includes $137.8 million to affiliates for the nine months ended September 30, 2014, and $2.3 million and $109.2 million to affiliates for the three and nine months ended September 30, 2013, respectively.

[5] Includes $0.1 million and $16.1 million to affiliates for the three and nine months ended September 30, 2014, respectively, and $7.0 million and $16.3 million to affiliates for the three and nine months ended September 30, 2013, respectively.