XML 89 R57.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies (Narrative) (Details)
3 Months Ended 12 Months Ended
Dec. 31, 2015
USD ($)
property
loan
joint_venture
shares
Dec. 31, 2014
USD ($)
property
loan
joint_venture
shares
Dec. 31, 2015
USD ($)
reporting_unit
property
segment
loan
joint_venture
shares
Dec. 31, 2014
USD ($)
property
loan
joint_venture
shares
Dec. 31, 2013
USD ($)
Dec. 10, 2013
USD ($)
Aug. 01, 2013
USD ($)
Jul. 29, 2013
USD ($)
Related Party Transaction [Line Items]                
Deferred financing costs, net of accumulated amortization $ (26,110,000) $ (38,199,000) $ (26,110,000) $ (38,199,000)        
Number of properties classified held for sale | property 17 2 17 2        
Aggregate equity investments $ 56,824,000 $ 98,053,000 $ 56,824,000 $ 98,053,000        
Net loss     $ 2,361,000 (77,000) $ 0      
Number of reporting units | reporting_unit     2          
Impairment of real estate     $ 91,755,000 $ 100,547,000        
Properties impaired | property     202 16        
Impairment charges to goodwill     $ (139,655,000) $ (223,064,000)        
Impairment of leasehold improvements and property and equipment     0 1        
Restricted cash $ 59,767,000 $ 62,651,000 $ 59,767,000 $ 62,651,000        
Number of loans held for investment | loan 10 14 10 14        
Reserve for loan loss $ 15,300,000   $ 15,300,000 $ 0 0      
Allowance for doubtful accounts 6,600,000 $ 2,500,000 $ 6,600,000 2,500,000        
Number of reportable segments | segment     2          
Number of operating segments | segment     2          
Deferred Rent, Derivative and Other Liabilities [Member]                
Related Party Transaction [Line Items]                
Deferred rental income 67,200,000 57,800,000 $ 67,200,000 57,800,000        
Convertible Debt [Member]                
Related Party Transaction [Line Items]                
Deferred financing costs, net of accumulated amortization (19,327,000) (24,665,000) (19,327,000) (24,665,000)        
Convertible Debt [Member] | Convertible Senior Notes [Member]                
Related Party Transaction [Line Items]                
Debt issued amount               $ 300,000,000.0
Convertible Debt [Member] | Original 2018 Notes [Member]                
Related Party Transaction [Line Items]                
Debt issued amount             $ 10,000,000.0  
Convertible Debt [Member] | Reopened 2018 Notes [Member]                
Related Party Transaction [Line Items]                
Debt issued amount           $ 287,500,000.0    
Convertible Debt [Member] | 2020 Notes [Member]                
Related Party Transaction [Line Items]                
Debt issued amount           $ 402,500,000.0    
Lender Reserves [Member]                
Related Party Transaction [Line Items]                
Restricted cash 47,900,000 36,900,000 47,900,000 36,900,000        
Restricted Lockbox Accounts [Member]                
Related Party Transaction [Line Items]                
Restricted cash 11,900,000 25,800,000 11,900,000 25,800,000        
Barclays Bank PLC [Member] | Senior Secured Credit Facility [Member]                
Related Party Transaction [Line Items]                
Maximum borrowing capacity   2,100,000,000.0   2,100,000,000.0        
Extinguishment of Debt, Net [Member]                
Related Party Transaction [Line Items]                
Write off of deferred financing costs     (500,000) (6,600,000)        
Interest Expense [Member]                
Related Party Transaction [Line Items]                
Write off of deferred financing costs     (64,200,000)          
General and Administrative Expense [Member]                
Related Party Transaction [Line Items]                
Reserves for uncollectible accounts 11,300,000 $ 13,100,000            
REI Segment [Member]                
Related Party Transaction [Line Items]                
Aggregate equity investments $ 52,800,000   52,800,000          
Impairment charges to goodwill     $ 0 0        
Cole Capital Segment [Member]                
Related Party Transaction [Line Items]                
Number of reporting units | reporting_unit     1          
Impairment charges to goodwill     $ (139,655,000) (223,064,000)        
Operating Segments [Member] | REI Segment [Member]                
Related Party Transaction [Line Items]                
Number of reporting units | reporting_unit     1          
Impairment of real estate     $ 91,755,000 100,547,000 3,346,000      
Operating Segments [Member] | Cole Capital Segment [Member]                
Related Party Transaction [Line Items]                
Impairment charges to goodwill     (139,700,000) (223,100,000)        
Operating Segments [Member] | Cole Capital Segment [Member] | Contractual Rights [Member]                
Related Party Transaction [Line Items]                
Impairment charges to intangible assets     $ 73,700,000 $ 86,400,000        
Unconsolidated Joint Ventures [Member]                
Related Party Transaction [Line Items]                
Number of unconsolidated joint ventures | joint_venture 3 6 3 6        
Number of properties owned | property 3 6 3 6        
Aggregate equity investments $ 52,800,000 $ 94,200,000 $ 52,800,000 $ 94,200,000        
Net loss     2,300,000 1,500,000        
Managed REITs [Member]                
Related Party Transaction [Line Items]                
Aggregate equity investments 4,100,000 3,900,000 4,100,000 3,900,000        
Net loss     $ 46,000 (1,600,000)        
Minimum [Member]                
Related Party Transaction [Line Items]                
Lease-up period     6 months          
Length of time for properties more likely than not of being disposed     12 months          
Minimum [Member] | In-Place Leases [Member]                
Related Party Transaction [Line Items]                
Estimated useful life     2 years          
Maximum [Member]                
Related Party Transaction [Line Items]                
Lease-up period     18 months          
Length of time for properties more likely than not of being disposed     24 months          
Maximum [Member] | In-Place Leases [Member]                
Related Party Transaction [Line Items]                
Estimated useful life     20 years          
Buildings [Member]                
Related Party Transaction [Line Items]                
Depreciation, estimated useful life     40 years          
Building Fixtures and Improvements [Member] | Minimum [Member]                
Related Party Transaction [Line Items]                
Depreciation, estimated useful life     5 years          
Building Fixtures and Improvements [Member] | Maximum [Member]                
Related Party Transaction [Line Items]                
Depreciation, estimated useful life     15 years          
Computer Hardware and Software [Member] | Minimum [Member]                
Related Party Transaction [Line Items]                
Depreciation, estimated useful life     5 years          
Computer Hardware and Software [Member] | Maximum [Member]                
Related Party Transaction [Line Items]                
Depreciation, estimated useful life     7 years          
New Accounting Pronouncement, Early Adoption, Effect [Member] | Rent and Tenant Receivables and Other Assets, Net [Member]                
Related Party Transaction [Line Items]                
Deferred financing costs, net of accumulated amortization (62,700,000) (88,000,000) $ (62,700,000) (88,000,000)        
New Accounting Pronouncement, Early Adoption, Effect [Member] | Deferred Rent, Derivative and Other Liabilities [Member]                
Related Party Transaction [Line Items]                
Deferred financing costs, net of accumulated amortization (62,700,000) (88,000,000) (62,700,000) (88,000,000)        
VEREIT Operating Partnership, L.P. [Member]                
Related Party Transaction [Line Items]                
Aggregate equity investments 56,824,000 98,053,000 56,824,000 98,053,000        
Net loss     2,361,000 (77,000) 0      
Restricted cash $ 59,767,000 $ 62,651,000 59,767,000 62,651,000        
Reserve for loan loss     $ 15,300,000 $ 0 $ 0      
VEREIT Operating Partnership, L.P. [Member] | Common Stock [Member]                
Related Party Transaction [Line Items]                
Limited partners', units outstanding (shares) | shares 23,763,797 23,763,797 23,763,797 23,763,797        
VEREIT Operating Partnership, L.P. [Member] | Common Stock [Member] | Limited Partner [Member]                
Related Party Transaction [Line Items]                
Limited partners', units outstanding (shares) | shares 23,763,797 23,763,797 23,763,797 23,763,797