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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Total Stock-holders' Equity
Non-Controlling Interests
Total Equity
Convertible Preferred Stock Series A and B [Member]
Convertible Preferred Stock [Member]
Convertible Preferred Stock Series A and B [Member]
Common Stock [Member]
Convertible Preferred Series C Stock [Member]
Common Stock [Member]
Convertible Preferred Series C Stock [Member]
Additional Paid-In Capital
Convertible Preferred Series C Stock [Member]
Total Stock-holders' Equity
Convertible Preferred Series C Stock [Member]
Non-Controlling Interests
Convertible Preferred Series C Stock [Member]
Total Equity
Convertible Preferred Stock [Member]
Additional Paid-In Capital
Convertible Preferred Stock [Member]
Total Stock-holders' Equity
Convertible Preferred Stock [Member]
Total Equity
Balance at Dec. 31, 2010       $ 200     $ 200   $ 200                    
Balance (in shares) at Dec. 31, 2010     20,000                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of common stock (in shares) 7,147,034 [1],[2]   16,929,184                                
Issuance of common stock     170 185,957     186,127   186,127                    
Offering costs, commissions and dealer manager fees       (21,752)     (21,752)   (21,752)                    
Common stock issued through distribution reinvestment plan (in shares)     27,169                                
Common stock issued through distribution reinvestment plan       271     271   271                    
Share-based compensation (in shares)     185,663                                
Equity-based compensation     2 223     225   225                    
Distributions declared           (2,519) (2,519)   (2,519)                    
Common stock repurchases       (25)     (25)   (25)                    
Contribution transactions       (16,769)     (16,769)   (16,769)                    
Contributions from non-controlling interest holders       (3,875)     (3,875) 3,875                      
Distributions to non-controlling interest holders               (68) (68)                    
Designated derivatives, fair value adjustments (98)                                    
OP units issued to acquire real estate investment 0                                    
Net loss (4,804)         (4,699) (4,699) (105) (4,804)                    
Other comprehensive loss 0       (98)   (98)   (98)                    
Balance at Dec. 31, 2011     172 144,230 (98) (7,218) 137,086 3,702 140,788                    
Balance (in shares) at Dec. 31, 2011     17,162,016                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of common stock (in shares) 3,737,500 [1],[3] 6,990,328 164,775,688                                
Issuance of common stock   70 1,648 1,911,126     1,912,774   1,912,774               8,992 9,062 9,062
Excess of ARCT IV Merger considerations over historical cost       (93,421)     (93,421)   (93,421)                    
Offering costs, commissions and dealer manager fees       (218,431)     (218,431)   (218,431)                    
Common stock issued through distribution reinvestment plan (in shares)     2,686,141                                
Common stock issued through distribution reinvestment plan     27 27,109     27,136   27,136                    
Share-based compensation (in shares)     112,950                                
Equity-based compensation     1 1,229     1,230   1,230                    
Distributions declared           (75,416) (75,416)   (75,416)                    
Common stock repurchases (in shares)     (183,119)                                
Common stock repurchases     (2) (1,951)     (1,953)   (1,953)                    
Contributions from non-controlling interest holders               7,375 7,375                    
Distributions to non-controlling interest holders               (663) (663)                    
Designated derivatives, fair value adjustments (3,743)       (3,743)   (3,743)   (3,743)                    
OP units issued to acquire real estate investment (6,352)             6,352 6,352                    
Net loss (42,237)         (41,936) (41,936) (301) (42,237)                    
Other comprehensive loss (93)       (93)   (93)   (93)                    
Balance at Dec. 31, 2012 1,668,760 70 1,846 1,778,883 (3,934) (124,570) 1,652,295 16,465 1,668,760                    
Balance (in shares) at Dec. 31, 2012   6,990,328 184,553,676                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of common stock             2,153,925   2,153,925                    
Net loss [4] (141,163)                                    
Balance at Mar. 31, 2013                                      
Balance at Dec. 31, 2012     1,846 1,778,883                              
Balance (in shares) at Dec. 31, 2012     184,553,676                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of common stock (in shares)     78,215,719                                
Issuance of common stock     781 2,153,144                              
Balance at Jun. 30, 2013                                      
Balance at Dec. 31, 2012 1,668,760 70 1,846 1,778,883 (3,934) (124,570) 1,652,295 16,465 1,668,760                    
Balance (in shares) at Dec. 31, 2012   6,990,328 184,553,676                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of common stock (in shares)   36,037,691                                  
Issuance of common stock   360                             0 360 360
Excess of ARCT IV Merger considerations over historical cost       (557,557)     (557,557)   (557,557)                    
Offering costs, commissions and dealer manager fees       (165,369)     (165,369)   (165,369)                    
Common stock issued through distribution reinvestment plan (in shares)     940,737                                
Common stock issued through distribution reinvestment plan     10 25,554     25,564   25,564                    
Share-based compensation (in shares)     1,004,673                                
Equity-based compensation     10 835     845 32,900 33,745                    
Distributions declared           (259,468) (259,468)   (259,468)                    
Common stock repurchases (in shares) (600,000)   (28,319,972)                                
Common stock repurchases (7,500)   (283) (357,758)     (358,041)   (358,041)                    
Contributions from non-controlling interest holders               30,861 30,861                    
Distributions to non-controlling interest holders               (8,389) (8,389)                    
Noncontrolling Interest, Increase from Business Combination               567 567                    
Noncontrolling Interest, Increase from Sale of Parent Equity Interest               (1,152) (1,152)                    
Designated derivatives, fair value adjustments 11,480                                    
OP units issued to acquire real estate investment 0                                    
Conversion of OP Units to common stock (in shares)     (599,233)             (828,472) (829,629) (1,411,030)              
Conversion of OP units to common stock     6 5,794     5,800 (5,800) 0 (8) 8 14 17,382 17,396 0 17,396      
Amortization of restricted shares       7,116     7,116   7,116                    
Equity component of convertible debt       28,559     28,559   28,559                    
Consideration paid for assets of Manager in excess of carryover basis       2,704   (5,738) (3,034)   (3,034)                    
Issuance of operating partnership units               108,247 108,247                    
Net loss (480,456)         (474,740) (474,740) (5,716) (480,456)                    
Other comprehensive loss 119       11,600   11,600   11,600                    
Balance at Dec. 31, 2013 $ 2,253,234 $ 422 $ 2,392 $ 2,939,287 $ 7,666 $ (864,516) $ 2,085,251 $ 167,983 $ 2,253,234                    
Balance (in shares) at Dec. 31, 2013   42,199,547 239,234,725                                
[1] Excludes 140.7 million shares of common stock that were issued to the stockholders of ARCT III's common stock in conjunction with the ARCT III Merger.
[2] Excludes 9.8 million shares of common stock that were issued by ARCT III for gross proceeds of $102.2 million
[3] Excludes 155.7 million and 5.4 million shares of common stock that were issued by ARCT III and ARCT IV, respectively, for gross proceeds of $1.6 billion and $255.0 million, respectively.
[4] Certain historical balances have been restated for discontinue operations.