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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net (loss) income $ (88,030) $ 32,378 $ (200,824)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 659,948 745,499 806,548
Gain on real estate assets, net (96,068) (61,536) (55,722)
Impairments from held for sale 0 20,027 0
Impairments 54,647 50,548 303,751
Equity-based compensation 13,314 16,751 10,728
Equity in income of unconsolidated entities and gain on joint venture (1,869) (2,726) 415
Distributions from unconsolidated entities 1,366 3,646 1,433
Gain on investments (4,092) (65) 0
(Gain) loss on derivative instruments, net (355) (2,976) 1,191
(Gain) loss on extinguishment and forgiveness of debt, net (5,360) (18,373) 771
Changes in assets and liabilities:      
Investment in direct financing leases 2,078 2,097 3,976
Rent and tenant receivables and other assets, net (34,096) (21,394) (52,626)
Due from affiliates 0 1,163 (416)
Assets held for sale classified as discontinued operations (2,492) 13,812 0
Accounts payable and accrued expenses 1,688 10,742 (3,323)
Deferred rent and other liabilities 7,162 (395) (17,740)
Due to affiliates (66) 50 (214)
Liabilities related to discontinued operations (13,861) 4,019 0
Net cash provided by operating activities 493,914 793,267 797,948
Cash flows from investing activities:      
Investments in real estate assets (500,625) (699,004) (100,194)
Capital expenditures and leasing costs (22,291) (21,694) (16,568)
Real estate developments (9,221) (14,850) (17,411)
Principal repayments received on investment securities and mortgage notes receivable 5,761 6,796 5,417
Investments in unconsolidated entities (771) 0 (25,777)
Return of investment from unconsolidated entities 48 1,972 2,580
Proceeds from disposition of real estate and joint venture 502,289 445,525 1,000,700
Proceeds from disposition of discontinued operations 122,915 0 0
Investment in leasehold improvements and other assets (841) (1,191) (2,259)
Deposits for real estate assets (13,412) (37,226) (17,856)
Proceeds from sale of investments and other assets 46,966 400 0
Uses and refunds of deposits for real estate assets 17,267 36,111 13,305
Proceeds from the settlement of property-related insurance claims 1,434 355 0
Line of credit advances to Cole REITs (2,200) (16,400) (10,300)
Line of credit repayments from Cole REITs 3,800 25,100 50,000
Net cash provided by (used in) investing activities 151,119 (274,106) 881,637
Cash flows from financing activities:      
Proceeds from mortgage notes payable 187 4,652 3,112
Payments on mortgage notes payable and other debt, including debt extinguishment costs (137,887) (424,385) (337,022)
Proceeds from credit facility 1,934,000 329,000 1,033,000
Payments on credit facility (1,716,000) (645,107) (1,993,000)
Proceeds from unsecured debt 546,304 600,000 1,000,000
Repayments of unsecured debt 0 0 (1,311,203)
Repayment of convertible notes (597,500) 0 0
Payments of deferred financing costs (25,471) (9,575) (19,872)
Repurchases of Common Stock under the Share Repurchase Programs (50,154) (518) 0
Repurchases of Common Stock to settle tax obligations (2,326) (2,148) (4,652)
Proceeds from the issuance of Common Stock, net of underwriters’ discount 0 0 702,765
Payments of equity issuance costs 0 0 (280)
Contributions from non-controlling interest holders 120 101 675
Distributions paid (606,679) (608,615) (580,508)
Net cash used in financing activities (655,406) (756,595) (1,506,985)
Net change in cash and cash equivalents and restricted cash (10,373) (237,434) 172,600
Cash and cash equivalents and restricted cash, beginning of period 64,036 301,470 128,870
Less: cash and cash equivalents of discontinued operations (2,198) (2,973) (4,968)
Cash and cash equivalents and restricted cash from continuing operations, beginning of period 61,838 298,497 123,902
Cash and cash equivalents, and restricted cash, end of period 53,663 64,036 301,470
Less: cash and cash equivalents of discontinued operations 0 (2,198) (2,973)
Cash and cash equivalents at beginning of period 34,176 253,479 64,135
Restricted cash at beginning of period 27,662 45,018 59,767
Cash and cash equivalents at end of period 30,758 34,176 253,479
Restricted cash at end of period 22,905 27,662 45,018
Cash and cash equivalents and restricted cash from continuing operations, end of period 53,663 61,838 298,497
VEREIT Operating Partnership, L.P. [Member]      
Cash flows from operating activities:      
Net (loss) income (88,030) 32,378 (200,824)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 659,948 745,499 806,548
Gain on real estate assets, net (96,068) (61,536) (55,722)
Impairments from held for sale 0 20,027 0
Impairments 54,647 50,548 303,751
Equity-based compensation 13,314 16,751 10,728
Equity in income of unconsolidated entities and gain on joint venture (1,869) (2,726) 415
Distributions from unconsolidated entities 1,366 3,646 1,433
Gain on investments (4,092) (65) 0
(Gain) loss on derivative instruments, net (355) (2,976) 1,191
(Gain) loss on extinguishment and forgiveness of debt, net (5,360) (18,373) 771
Changes in assets and liabilities:      
Investment in direct financing leases 2,078 2,097 3,976
Rent and tenant receivables and other assets, net (34,096) (21,394) (52,626)
Due from affiliates 0 1,163 (416)
Assets held for sale classified as discontinued operations (2,492) 13,812 0
Accounts payable and accrued expenses 1,688 10,742 (3,323)
Deferred rent and other liabilities 7,162 (395) (17,740)
Due to affiliates (66) 50 (214)
Liabilities related to discontinued operations (13,861) 4,019 0
Net cash provided by operating activities 493,914 793,267 797,948
Cash flows from investing activities:      
Investments in real estate assets (500,625) (699,004) (100,194)
Capital expenditures and leasing costs (22,291) (21,694) (16,568)
Real estate developments (9,221) (14,850) (17,411)
Principal repayments received on investment securities and mortgage notes receivable 5,761 6,796 5,417
Investments in unconsolidated entities (771) 0 (25,777)
Return of investment from unconsolidated entities 48 1,972 2,580
Proceeds from disposition of real estate and joint venture 502,289 445,525 1,000,700
Proceeds from disposition of discontinued operations 122,915 0 0
Investment in leasehold improvements and other assets (841) (1,191) (2,259)
Deposits for real estate assets (13,412) (37,226) (17,856)
Proceeds from sale of investments and other assets 46,966 400 0
Uses and refunds of deposits for real estate assets 17,267 36,111 13,305
Proceeds from the settlement of property-related insurance claims 1,434 355 0
Line of credit advances to Cole REITs (2,200) (16,400) (10,300)
Line of credit repayments from Cole REITs 3,800 25,100 50,000
Net cash provided by (used in) investing activities 151,119 (274,106) 881,637
Cash flows from financing activities:      
Proceeds from mortgage notes payable 187 4,652 3,112
Payments on mortgage notes payable and other debt, including debt extinguishment costs (137,887) (424,385) (337,022)
Proceeds from credit facility 1,934,000 329,000 1,033,000
Payments on credit facility (1,716,000) (645,107) (1,993,000)
Proceeds from unsecured debt 546,304 600,000 1,000,000
Repayments of unsecured debt 0 0 (1,311,203)
Repayment of convertible notes (597,500) 0 0
Payments of deferred financing costs (25,471) (9,575) (19,872)
Repurchases of Common Stock under the Share Repurchase Programs (50,154) (518) 0
Repurchases of Common Stock to settle tax obligations (2,326) (2,148) (4,652)
Proceeds from the issuance of Common Stock, net of underwriters’ discount 0 0 702,765
Payments of equity issuance costs 0 0 (280)
Contributions from non-controlling interest holders 120 101 675
Distributions paid (606,679) (608,615) (580,508)
Net cash used in financing activities (655,406) (756,595) (1,506,985)
Net change in cash and cash equivalents and restricted cash (10,373) (237,434) 172,600
Cash and cash equivalents and restricted cash, beginning of period 64,036 301,470 128,870
Less: cash and cash equivalents of discontinued operations (2,198) (2,973) (4,968)
Cash and cash equivalents and restricted cash from continuing operations, beginning of period 61,838 298,497 123,902
Cash and cash equivalents, and restricted cash, end of period 53,663 64,036 301,470
Less: cash and cash equivalents of discontinued operations 0 (2,198) (2,973)
Cash and cash equivalents at beginning of period 34,176 253,479 64,135
Restricted cash at beginning of period 27,662 45,018 59,767
Cash and cash equivalents at end of period 30,758 34,176 253,479
Restricted cash at end of period 22,905 27,662 45,018
Cash and cash equivalents and restricted cash from continuing operations, end of period 53,663 61,838 298,497
Term Loan [Member]      
Cash flows from financing activities:      
Proceeds from unsecured debt 0 0 300,000
Repayments of unsecured debt 0 0 (300,000)
Term Loan [Member] | VEREIT Operating Partnership, L.P. [Member]      
Cash flows from financing activities:      
Proceeds from unsecured debt 0 0 300,000
Repayments of unsecured debt $ 0 $ 0 $ (300,000)