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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - OP - USD ($)
$ in Thousands
Total
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
VEREIT Operating Partnership, L.P. [Member]
Total Partners' Capital [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 Units [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Units [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Non-Controlling Interests [Member]
Beginning balance (shares) at Dec. 31, 2014         42,834,138 86,874 905,530,431 23,763,797  
Beginning balance at Dec. 31, 2014     $ 9,382,330 $ 9,358,631 $ 996,987 $ 3,375 $ 8,157,167 $ 201,102 $ 23,699
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Repurchases of Common OP Units to settle tax obligation (shares)             (268,414)    
Repurchases of common OP Units to settle tax obligation $ (2,227)   (2,227) (2,227)     $ (2,227)    
Equity-based compensation, net (shares)             (377,623)    
Equity-based compensation, net     14,500 14,500     $ 14,500    
Tax shortfall from equity-based compensation (764)   (764) (764)     (764)    
Distributions to Common OP Units and non-controlling interest holders (45,594)   (294,894) (256,919)     (249,300) (7,619) (37,975)
Distributions to Preferred OP Units     (71,478) (71,478) $ (71,418) $ (60)      
Disposition of consolidated joint venture interest 14,859   14,859           14,859
Net income (loss) (323,492)   (323,492) (324,766)     (316,353) (8,413) 1,274
Other comprehensive loss (4,875)   (4,875) (4,875)     $ (4,605) $ (270)  
Ending balance (shares) at Dec. 31, 2015         42,834,138 86,874 904,884,394 23,763,797  
Ending balance at Dec. 31, 2015     8,713,959 8,712,102 $ 925,569 $ 3,315 $ 7,598,418 $ 184,800 1,857
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Issuance of common stock (shares)             69,000,000    
Issuance of common stock 702,476   702,476 702,476     $ 702,476    
Conversion of Limited Partners' Common OP Units to General Partner's Common OP Units (shares)             15,450 15,450  
Conversion of Limited Partners' Common OP Units to General Partner's Common OP Units             $ 159 $ (159)  
Repurchases of Common OP Units to settle tax obligation (shares)             (481,261)    
Repurchases of common OP Units to settle tax obligation (4,652)   (4,652) (4,652)     $ (4,652)    
Equity-based compensation, net (shares)             728,067    
Equity-based compensation, net     10,728 10,728     $ 10,728    
Contributions from non-controlling interest holders 675   675           675
Distributions to Common OP Units and non-controlling interest holders (13,183)   (530,378) (530,263)     (517,195) (13,068) (115)
Distributions to Preferred OP Units     (71,892) (71,892) $ (71,748) $ (144)      
Net income (loss) (200,824)   (200,824) (200,810)     (195,863) (4,947) (14)
Other comprehensive loss (559)   (559) (559)     $ (531) $ (28)  
Ending balance (shares) at Dec. 31, 2016         42,834,138 86,874 974,146,650 23,748,347  
Ending balance at Dec. 31, 2016     8,619,533 8,617,130 $ 853,821 $ 3,171 $ 7,593,540 $ 166,598 2,403
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Repurchases of common OP Units under the Share Repurchase Program (shares)             (68,759)    
Repurchases of common OP Units under the Share Repurchase Program (518) [1]   (518) (518)     $ (518)    
Repurchases of Common OP Units to settle tax obligation (shares)   (268,550)         (268,550)    
Repurchases of common OP Units to settle tax obligation (2,148)   (2,148) (2,148)     $ (2,148)    
Equity-based compensation, net (shares)             399,242    
Equity-based compensation, net     16,754 16,754     $ 16,754    
Contributions from non-controlling interest holders 101   101           101
Distributions to Common OP Units and non-controlling interest holders (13,227)   (549,455) (549,288)     (536,228) (13,060) (167)
Distributions to Preferred OP Units     (71,892) (71,892) $ (71,748) $ (144)      
Disposition of consolidated joint venture interest (838)   (838)           (838)
Net income (loss) 32,378   32,378 32,572     31,818 754 (194)
Other comprehensive loss $ (1,039)   (1,039) (1,039)     $ (1,013) $ (26)  
Ending balance (shares) at Dec. 31, 2017         42,834,138 86,874 974,208,583 23,748,347  
Ending balance at Dec. 31, 2017     $ 8,042,876 $ 8,041,571 $ 782,073 $ 3,027 $ 7,102,205 $ 154,266 $ 1,305
[1] The Company’s Share Repurchase Program (as defined in Note 15 – Equity), which was authorized by the board of directors on May 12, 2017, allows for the repurchase of up to $200.0 million of the Company’s outstanding shares of Common Stock over the next 12 months.