Revolving Credit Facility	6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]
Revolving Credit Facility	Revolving Credit Facility On July 25, 2013, the Company, through the OP, entered into a credit facility agreement that provided for aggregate revolving loan borrowings of up to $50.0 million (subject to borrowing base availability). The credit facility has been amended at various times, and maximum borrowings has increased to $705.0 million at June 30, 2015. The Company had $596.1 million and $659.3 million outstanding under the credit facility as of June 30, 2015 and December 31, 2014, respectively. Availability of borrowings is based on a pool of eligible unencumbered real estate assets. The initial maturity date of the facility is July 25, 2016 with two one-year extension options, subject to certain conditions. The Company has the option, based upon its consolidated leverage ratio, to have draws under the facility priced at either the Alternate Base Rate (as described below) plus 0.60% to 1.20% or at adjusted LIBOR plus 1.60% to 2.20%. The Alternate Base Rate is defined in the credit facility agreement as a rate per annum equal to the greatest of (a) the fluctuating annual rate of interest announced from time to time by the lender as its “prime rate” in effect on such day, (b) the federal funds effective rate in effect on such day plus 0.5% of 1% and (c) the Adjusted LIBOR for a one-month interest period on such day plus 1%. Adjusted LIBOR refers to LIBOR multiplied by the statutory reserve rate, as determined by the Federal Reserve System of the United States. The credit facility agreement requires the Company to pay an unused fee per annum of 0.25% if the unused balance of the credit facility exceeds or is equal to 50% of the available facility or a fee per annum of 0.15% if the unused balance of the credit facility is less than 50% of the available facility. As of June 30, 2015, the Company's debt reflected variable-rate borrowings under the credit facility had a carrying value of $596.1 million and a fair value of $608.4 million with a weighted average annual interest rate of 2.1%. The credit facility agreement provides for quarterly interest payments for each Alternate Base Rate loan and periodic payments for each adjusted LIBOR loan, based upon the applicable LIBOR loan period, with all principal outstanding being due on the maturity date in July 2016. The credit facility agreement also contains two one-year extension options, subject to certain conditions. The credit facility agreement may be prepaid at any time, in whole or in part, without premium or penalty, subject to prior notice to the lender. In the event of a default, the lender has the right to terminate their obligations under the credit facility agreement and to accelerate the payment on any unpaid principal amount of all outstanding loans. A portion of the borrowings in foreign currencies were treated as net investment hedges of the Companies investments during the periods reflected in the statement of operations (See Note 8 - Derivatives and Hedging Activities). The unused borrowing capacity under the credit facility as of June 30, 2015 and December 31, 2014, was $108.9 million and $20.7 million, respectively. The Tender Offer obligation was funded in part by the available capacity as of June 30, 2015 (See Note 15 — Subsequent Events). The credit facility agreement requires the Company to meet certain financial covenants, including the maintenance of certain financial ratios (such as specified debt to equity and debt service coverage ratios) as well as the maintenance of a minimum net worth. As of June 30, 2015, the Company was in compliance with the financial covenants under the credit agreement.

Revolving Credit Facility

On July 25, 2013, the Company, through the OP, entered into a credit facility agreement that provided for aggregate revolving loan borrowings of up to $50.0 million (subject to borrowing base availability). The credit facility has been amended at various times, and maximum borrowings has increased to $705.0 million at June 30, 2015. The Company had $596.1 million and $659.3 million outstanding under the credit facility as of June 30, 2015 and December 31, 2014, respectively.

Availability of borrowings is based on a pool of eligible unencumbered real estate assets. The initial maturity date of the facility is July 25, 2016 with two one-year extension options, subject to certain conditions.

The Company has the option, based upon its consolidated leverage ratio, to have draws under the facility priced at either the Alternate Base Rate (as described below) plus 0.60% to 1.20% or at adjusted LIBOR plus 1.60% to 2.20%. The Alternate Base Rate is defined in the credit facility agreement as a rate per annum equal to the greatest of (a) the fluctuating annual rate of interest announced from time to time by the lender as its “prime rate” in effect on such day, (b) the federal funds effective rate in effect on such day plus 0.5% of 1% and (c) the Adjusted LIBOR for a one-month interest period on such day plus 1%. Adjusted LIBOR refers to LIBOR multiplied by the statutory reserve rate, as determined by the Federal Reserve System of the United States. The credit facility agreement requires the Company to pay an unused fee per annum of 0.25% if the unused balance of the credit facility exceeds or is equal to 50% of the available facility or a fee per annum of 0.15% if the unused balance of the credit facility is less than 50% of the available facility. As of June 30, 2015, the Company's debt reflected variable-rate borrowings under the credit facility had a carrying value of $596.1 million and a fair value of $608.4 million with a weighted average annual interest rate of 2.1%.

The credit facility agreement provides for quarterly interest payments for each Alternate Base Rate loan and periodic payments for each adjusted LIBOR loan, based upon the applicable LIBOR loan period, with all principal outstanding being due on the maturity date in July 2016. The credit facility agreement also contains two one-year extension options, subject to certain conditions. The credit facility agreement may be prepaid at any time, in whole or in part, without premium or penalty, subject to prior notice to the lender. In the event of a default, the lender has the right to terminate their obligations under the credit facility agreement and to accelerate the payment on any unpaid principal amount of all outstanding loans.

A portion of the borrowings in foreign currencies were treated as net investment hedges of the Companies investments during the periods reflected in the statement of operations (See Note 8 - Derivatives and Hedging Activities).

The unused borrowing capacity under the credit facility as of June 30, 2015 and December 31, 2014, was $108.9 million and $20.7 million, respectively. The Tender Offer obligation was funded in part by the available capacity as of June 30, 2015 (See Note 15 — Subsequent Events).

The credit facility agreement requires the Company to meet certain financial covenants, including the maintenance of certain financial ratios (such as specified debt to equity and debt service coverage ratios) as well as the maintenance of a minimum net worth. As of June 30, 2015, the Company was in compliance with the financial covenants under the credit agreement.