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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - ARC Properties Operating Partnership, L.P. - USD ($)
$ in Thousands
Total
VEREIT Operating Partnership, L.P. [Member]
VEREIT Operating Partnership, L.P. [Member]
Preferred Units [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Preferred Units [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Stock [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Stock [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Parent [Member]
VEREIT Operating Partnership, L.P. [Member]
Noncontrolling Interest [Member]
Affiliated Entity [Member]
Offering Related Costs [Member]
Affiliated Entity [Member]
Offering Related Costs [Member]
Affiliated Entity [Member]
VEREIT Operating Partnership, L.P. [Member]
Units, outstanding, beginning balance at Dec. 31, 2013     42,199,547 721,465 239,234,725 17,832,274          
Beginning balance at Dec. 31, 2013   $ 2,229,228 $ 1,054,989 $ 16,466 $ 1,018,123 $ 139,083 $ 2,228,661 $ 567      
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Equity-based compensation, net of forfeitures (shares)           (10,744,697)          
Equity-based compensation, net of forfeitures   27,264     20,384 $ 6,880 27,264        
Distributions to Common OP Units, LTIPs and non-controlling interests $ (21,967) (392,586)     (370,619) (21,166) (391,785) (801)      
Distributions to Preferred OP Units   (44,468) $ (35,147)   (9,321)   (44,468)        
Net (loss) income (362,438) (362,438)     (346,164) (16,354) (362,518) 80      
Other comprehensive loss (608) (608)     $ (581) $ (27) (608)        
Issuance of Common OP units, net, units [1]         662,305,318 7,956,297          
Issuance of common OP units, net [1]   9,076,054     $ 8,923,570 $ 152,484 9,076,054        
Conversion of Units to units, units     530,466 (530,466) 1,017,355 (1,017,335)          
Conversion of Units to units     $ 10,800 $ (10,800) $ 14,725 $ (14,725)          
Issuance of share awards, net (shares)         5,361,423            
Issuance of restricted share awards, net (2,019) (2,019)     $ (2,019)   (2,019)        
Contributions from non-controlling interest holders   982           982      
Non-controlling interests retained in Cole Merger $ 982 24,766           24,766      
Units, outstanding, ending balance at Jun. 30, 2014     42,730,013 190,999 907,918,821 35,515,933          
Ending balance at Jun. 30, 2014   10,556,175 $ 1,030,642 $ 5,666 $ 9,248,098 $ 246,175 10,530,581 25,594      
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Related party expenses                 $ 91,479 $ 2,150 $ 2,150
Units, outstanding, beginning balance at Dec. 31, 2013     42,199,547 721,465 239,234,725 17,832,274          
Beginning balance at Dec. 31, 2013   2,229,228 $ 1,054,989 $ 16,466 $ 1,018,123 $ 139,083 2,228,661 567      
Units, outstanding, ending balance at Dec. 31, 2014     42,834,138 86,874 905,530,431 23,763,797          
Ending balance at Dec. 31, 2014   9,382,330 $ 996,987 $ 3,375 $ 8,157,167 $ 201,102 9,358,631 23,699      
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Repurchases of common OP units to settle tax obligation (shares) (142,587)       (142,587)            
Repurchases of common OP Units to settle tax obligation $ (1,339) (1,339)     $ (1,339)   (1,339)        
Equity-based compensation, net of forfeitures (shares)         (325,171)            
Equity-based compensation, net of forfeitures   6,173     $ 6,173 0 6,173        
Tax shortfall from equity-based compensation   (544)     (544)   (544)        
Distributions to Common OP Units, LTIPs and non-controlling interests (5,814) (5,819)     (5) 0 (5) (5,814)      
Distributions to Preferred OP Units   (35,946) $ (35,946) $ 0 0   (35,946)        
Disposition of consolidated joint venture interest 3,041             3,041      
Net (loss) income (139,402) (139,402)     (136,492) (3,703) (140,195) 793      
Other comprehensive loss $ (4,656) (4,656)     $ (4,530) $ (126) (4,656)        
Units, outstanding, ending balance at Jun. 30, 2015     42,834,138 86,874 905,062,673 23,763,797          
Ending balance at Jun. 30, 2015   $ 9,203,838 $ 961,041 $ 3,375 $ 8,020,430 $ 197,273 $ 9,182,119 $ 21,719      
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Related party expenses                 $ 54,023 $ 0  
[1] Includes $2.2 million issued to affiliates of the Former Manager (as defined in Note 15 – Equity) for the six months ended June 30, 2014.