XML 95 R63.htm IDEA: XBRL DOCUMENT v3.3.1.900
Mergers with Real Estate Businesses (Cole Real Estate Investments, Inc. Merger) (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 11 Months Ended 12 Months Ended
Feb. 07, 2014
Dec. 31, 2014
Dec. 31, 2014
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2015
Dec. 31, 2012
Business Acquisition [Line Items]              
Goodwill   $ 1,894,794 $ 1,894,794 $ 1,894,794 $ 92,789 $ 1,656,374 $ 0
Measurement period adjustments       22,288      
REI Segment [Member]              
Business Acquisition [Line Items]              
Goodwill $ 1,700,000 1,509,396 1,509,396 1,509,396 92,789 1,410,631 0
Measurement period adjustments       (27,339)      
Cole Capital Segment [Member]              
Business Acquisition [Line Items]              
Goodwill   385,398 385,398 385,398 $ 0 245,743 $ 0
Measurement period adjustments       49,627      
VEREIT Operating Partnership, L.P. [Member]              
Business Acquisition [Line Items]              
Goodwill   1,894,794 1,894,794 $ 1,894,794   $ 1,656,374  
Cole Real Estate Investments, Inc. Merger [Member]              
Business Acquisition [Line Items]              
Cash paid for acquired real estate investments 181,775            
Consideration transferred 7,467,643            
Estimated fair value of assets 8,963,883            
Below-market lease liability 212,433            
Goodwill 2,262,547            
Revenue related to merger     814,800        
Earnings or loss of acquiree since acquisition date     $ 47,300        
Decrease in fair value of identifiable management and advisory contracts   (80,368)          
Decrease in corresponding deferred tax liability   (30,741)          
Measurement period adjustments   $ 49,627          
Cole Real Estate Investments, Inc. Merger [Member] | Cole Capital Segment [Member]              
Business Acquisition [Line Items]              
Goodwill $ 608,500            
Common Stock [Member]              
Business Acquisition [Line Items]              
Shares issued (shares)       662,305,318 [1] 78,215,719    
Common Stock [Member] | Cole Real Estate Investments, Inc. Merger [Member]              
Business Acquisition [Line Items]              
Conversion rate (shares) 1.0929            
Consideration transferred, amount per share (in dollars per share) $ 13.82            
Percentage of outstanding shares elected to receive stock consideration 98.00%            
Percentage of outstanding shares elected to receive cash consideration 2.00%            
Equity interest issued or issuable (shares) 520,800,000            
Cash paid for acquired real estate investments $ 181,800            
Common Stock [Member] | Cole Real Estate Investments, Inc. Merger [Member] | Executive Officer [Member]              
Business Acquisition [Line Items]              
Equity interest issued or issuable (shares) 400,000            
Shares issued (shares) 2,800,000            
[1] Includes $2.2 million and $161.8 million issued to affiliates of the Former Manager (as defined in Note 1 – Organization) for the years ended December 31, 2014 and 2013, respectively. No such expenses were incurred during the year ended December 31, 2015.