XML 111 R90.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt - Credit Facility Narrative (Details)
9 Months Ended
Aug. 11, 2017
USD ($)
Sep. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
Line of Credit Facility [Line Items]      
Outstanding balance   $ 5,917,287,000 $ 6,367,248,000
Outstanding balance   0 496,578,000
VEREIT Operating Partnership, L.P. [Member]      
Line of Credit Facility [Line Items]      
Outstanding balance   0 496,578,000
Credit Facility [Member]      
Line of Credit Facility [Line Items]      
Outstanding balance   0 $ 496,578,000
Maximum borrowing capacity   2,300,000,000  
Maximum aggregate amount outstanding at any one time   $ 25,000,000  
Length of extension option   1 year  
Maximum leverage ratio (less than or equal to)   60.00%  
Minimum fixed charge coverage ratio (of at least)   1.5  
Secured leverage ratio (less than or equal to)   45.00%  
Unencumbered asset value ratio (less than or equal to)   60.00%  
Minimum tangible net worth covenant (of at least)   $ 5,500,000,000.0  
Minimum unencumbered interest coverage ratio (of at least)   1.75  
Minimum unencumbered asset value (of at least)   $ 8,000,000,000.0  
Credit Facility [Member] | Fixed Interest Rate [Member]      
Line of Credit Facility [Line Items]      
Outstanding balance   $ 500,000,000  
Write-off of unamortized deferred financing costs $ 2,000,000    
Credit Facility [Member] | Revolving Credit Facility [Member] | LIBOR [Member] | Minimum [Member]      
Line of Credit Facility [Line Items]      
Basis spread on variable rate   1.00%  
Credit Facility [Member] | Revolving Credit Facility [Member] | LIBOR [Member] | Maximum [Member]      
Line of Credit Facility [Line Items]      
Basis spread on variable rate   1.80%  
Credit Facility [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]      
Line of Credit Facility [Line Items]      
Basis spread on variable rate   0.00%  
Credit Facility [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]      
Line of Credit Facility [Line Items]      
Basis spread on variable rate   0.80%  
Credit Facility [Member] | Revolving Credit Facility [Member] | Federal Funds Rate [Member]      
Line of Credit Facility [Line Items]      
Basis spread on variable rate   0.50%  
Credit Facility [Member] | Loans Payable [Member] | LIBOR [Member] | Minimum [Member]      
Line of Credit Facility [Line Items]      
Basis spread on variable rate   1.15%  
Credit Facility [Member] | Loans Payable [Member] | LIBOR [Member] | Maximum [Member]      
Line of Credit Facility [Line Items]      
Basis spread on variable rate   2.05%  
Credit Facility [Member] | Loans Payable [Member] | Base Rate [Member] | Minimum [Member]      
Line of Credit Facility [Line Items]      
Basis spread on variable rate   0.15%  
Credit Facility [Member] | Loans Payable [Member] | Base Rate [Member] | Maximum [Member]      
Line of Credit Facility [Line Items]      
Basis spread on variable rate   1.05%  
Credit Facility [Member] | Unencumbered Asset [Member] | Tranche One [Member]      
Line of Credit Facility [Line Items]      
Unencumbered Asset Value ratio   30.00%  
Credit Facility [Member] | VEREIT Operating Partnership, L.P. [Member] | Minimum [Member]      
Line of Credit Facility [Line Items]      
Commitment fee percentage   0.15%  
Credit Facility [Member] | VEREIT Operating Partnership, L.P. [Member] | Maximum [Member]      
Line of Credit Facility [Line Items]      
Commitment fee percentage   0.25%