CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Real estate investments, at cost:
Land	$ 3,472,298,000	$ 1,380,308,000
Buildings, fixtures and improvements	12,307,758,000	5,297,400,000
Land and construction in progress	77,450,000	21,839,000
Intangible lease assets	2,435,054,000	759,595,000
Total real estate investments, at cost	18,292,560,000	7,459,142,000
Less: accumulated depreciation and amortization	(1,034,122,000)	(267,278,000)
Total real estate investments, net	17,258,438,000	7,191,864,000
Investment in unconsolidated entities	98,053,000	0
Investment in direct financing leases, net	56,076,000	66,112,000
Investment securities, at fair value	58,646,000	62,067,000
Loans held for investment, net	42,106,000	26,279,000
Cash and cash equivalents	416,711,000	52,725,000
Restricted cash	62,651,000	35,921,000
Intangible assets, net	150,359,000	0
Deferred costs and other assets, net	389,922,000	280,661,000	[1]
Goodwill	1,894,794,000	92,789,000
Due from affiliates	86,122,000	0
Assets held for sale	1,261,000	665,000
Total assets	20,515,139,000	7,809,083,000
LIABILITIES AND EQUITY
Mortgage notes payable, net	3,759,935,000	1,301,114,000
Corporate bonds, net	2,546,499,000	0
Convertible debt, net	977,521,000	972,490,000
Credit facilities	3,184,000,000	1,969,800,000
Other debt, net	45,826,000	104,804,000
Below-market lease liabilities, net	317,838,000	77,169,000
Accounts payable and accrued expenses	163,025,000	730,571,000
Deferred rent, derivative and other liabilities	127,611,000	40,271,000
Distributions payable	9,995,000	10,903,000
Due to affiliates	559,000	103,434,000
Total liabilities	11,132,809,000	5,310,556,000
Commitments and contingencies (Note 17)
Series D Preferred equity	0	269,299,000
Preferred stock	428,000	422,000
Common stock	9,055,000	2,392,000
Additional paid-in capital	11,920,253,000	2,940,907,000
Accumulated other comprehensive income	2,728,000	7,666,000
Accumulated deficit	(2,778,576,000)	(877,957,000)
Total stockholders’ equity	9,153,888,000	2,073,430,000
Non-controlling interests	228,442,000	155,798,000
Total equity	9,382,330,000	2,229,228,000
Total liabilities and equity	20,515,139,000	7,809,083,000
ARC Properties Operating Partnership, L.P. [Member]
Real estate investments, at cost:
Land	3,472,298,000	1,380,308,000
Buildings, fixtures and improvements	12,307,758,000	5,297,400,000
Land and construction in progress	77,450,000	21,839,000
Intangible lease assets	2,435,054,000	759,595,000
Total real estate investments, at cost	18,292,560,000	7,459,142,000
Less: accumulated depreciation and amortization	(1,034,122,000)	(267,278,000)
Total real estate investments, net	17,258,438,000	7,191,864,000
Investment in unconsolidated entities	98,053,000	0
Investment in direct financing leases, net	56,076,000	66,112,000
Investment securities, at fair value	58,646,000	62,067,000
Loans held for investment, net	42,106,000	26,279,000
Cash and cash equivalents	416,711,000	52,725,000
Restricted cash	62,651,000	35,921,000
Intangible assets, net	150,359,000	0
Deferred costs and other assets, net	389,922,000	280,661,000
Goodwill	1,894,794,000	92,789,000
Due from affiliates	86,122,000	0
Assets held for sale	1,261,000	665,000
Total assets	20,515,139,000	7,809,083,000
LIABILITIES AND EQUITY
Mortgage notes payable, net	3,759,935,000	1,301,114,000
Corporate bonds, net	2,546,499,000	0
Convertible debt, net	977,521,000	972,490,000
Credit facilities	3,184,000,000	1,969,800,000
Other debt, net	45,826,000	104,804,000
Below-market lease liabilities, net	317,838,000	77,169,000
Accounts payable and accrued expenses	163,025,000	730,571,000
Deferred rent, derivative and other liabilities	127,611,000	40,271,000
Distributions payable	9,995,000	10,903,000
Due to affiliates	559,000	103,434,000
Total liabilities	11,132,809,000	5,310,556,000
Series D Preferred equity	0	269,299,000
Total partners’ equity	9,358,631,000	2,228,661,000
Non-controlling interests	23,699,000	567,000
Total equity	9,382,330,000	2,229,228,000
Total liabilities and equity	20,515,139,000	7,809,083,000
ARC Properties Operating Partnership, L.P. [Member] | Common Stock [Member]
LIABILITIES AND EQUITY
General partners' capital account	8,157,167,000	1,018,123,000
Limited partners' capital account	201,102,000	139,083,000
ARC Properties Operating Partnership, L.P. [Member] | Preferred Units [Member]
LIABILITIES AND EQUITY
General partners' capital account	996,987,000	1,054,989,000
Limited partners' capital account	$ 3,375,000	$ 16,466,000

[1] December 31, 2013 line items have been broken out since the previously filed presentation to conform with current presentation and provide detailed balances relating to derivative assets, prepaid expenses, and deferred costs.