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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Real estate investments, at cost:    
Land $ 2,699,110 $ 2,738,679
Buildings, fixtures and improvements 10,032,055 10,200,550
Intangible lease assets 1,872,461 1,904,641
Total real estate investments, at cost 14,603,626 14,843,870
Less: accumulated depreciation and amortization 3,863,732 3,594,247
Total real estate investments, net 10,739,894 11,249,623
Operating lease right-of-use assets 195,518 215,227
Investment in unconsolidated entities 81,639 68,825
Cash and cash equivalents 523,539 12,921
Restricted cash 13,842 20,959
Rent and tenant receivables and other assets, net 366,620 348,395
Goodwill 1,337,773 1,337,773
Real estate assets held for sale, net 65,583 26,957
Total assets 13,324,408 13,280,680
LIABILITIES AND EQUITY    
Mortgage notes payable, net 1,328,835 1,528,134
Corporate bonds, net 4,584,230 2,813,739
Convertible debt, net 0 318,183
Credit facility, net 0 1,045,669
Below-market lease liabilities, net 120,938 143,583
Accounts payable and accrued expenses 117,015 126,320
Derivative, deferred rent and other liabilities 63,204 90,349
Distributions payable 89,514 150,364
Operating lease liabilities 209,104 221,061
Total liabilities 6,512,840 6,437,402
Commitments and contingencies (Note 10)
Preferred stock, $0.01 par value, 100,000,000 shares authorized and 18,871,246 and 30,871,246 issued and outstanding as of December 31, 2020 and December 31, 2019, respectively 189 309
Common stock, $0.01 par value, 1,500,000,000 shares authorized and 228,881,547 and 215,369,197 issued and outstanding as of December 31, 2020 and December 31, 2019, respectively 2,289 2,153
Additional paid-in capital 13,449,412 13,260,577
Accumulated other comprehensive income (loss) 536 (27,670)
Accumulated deficit (6,648,028) (6,399,626)
Total stockholders’ equity 6,804,398 6,835,743
Non-controlling interests 7,170 7,535
Total equity 6,811,568 6,843,278
Total liabilities and equity 13,324,408 13,280,680
VEREIT Operating Partnership, L.P. [Member]    
Real estate investments, at cost:    
Land 2,699,110 2,738,679
Buildings, fixtures and improvements 10,032,055 10,200,550
Intangible lease assets 1,872,461 1,904,641
Total real estate investments, at cost 14,603,626 14,843,870
Less: accumulated depreciation and amortization 3,863,732 3,594,247
Total real estate investments, net 10,739,894 11,249,623
Operating lease right-of-use assets 195,518 215,227
Investment in unconsolidated entities 81,639 68,825
Cash and cash equivalents 523,539 12,921
Restricted cash 13,842 20,959
Rent and tenant receivables and other assets, net 366,620 348,395
Goodwill 1,337,773 1,337,773
Real estate assets held for sale, net 65,583 26,957
Total assets 13,324,408 13,280,680
LIABILITIES AND EQUITY    
Mortgage notes payable, net 1,328,835 1,528,134
Corporate bonds, net 4,584,230 2,813,739
Convertible debt, net 0 318,183
Credit facility, net 0 1,045,669
Below-market lease liabilities, net 120,938 143,583
Accounts payable and accrued expenses 117,015 126,320
Derivative, deferred rent and other liabilities 63,204 90,349
Distributions payable 89,514 150,364
Operating lease liabilities 209,104 221,061
Total liabilities 6,512,840 6,437,402
Commitments and contingencies (Note 10)
Total partners’ equity 6,810,394 6,842,045
Non-controlling interests 1,174 1,233
Total equity 6,811,568 6,843,278
Total liabilities and equity 13,324,408 13,280,680
VEREIT Operating Partnership, L.P. [Member] | Preferred Units [Member]    
LIABILITIES AND EQUITY    
General Partners' capital account 254,294 460,504
Limited Partners' capital account 1,787 1,869
VEREIT Operating Partnership, L.P. [Member] | Common Stock [Member]    
LIABILITIES AND EQUITY    
General Partners' capital account 6,550,104 6,375,239
Limited Partners' capital account $ 4,209 $ 4,433