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Subsequent Events
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
Status of the Offering
As of August 9, 2016, the Company has received and accepted subscriptions in the Offering for 54,887,338 shares of common stock, or $546.9 million, excluding shares of common stock issued pursuant to the DRP. To date, a total of $11.9 million in distributions of common stock were reinvested pursuant to the DRP and 1,251,022 shares of common stock were issued pursuant to the DRP.
Acquisition of Zebra Technologies Property
On August 1, 2016, the Company, through the Operating Partnership, acquired a five-story, Class "A" office property consisting of approximately 283,300 net rentable square feet located in Lincolnshire, Illinois (the "Zebra Technologies property"). The Zebra Technologies property is currently leased by Hewitt Associates LLC, a wholly-owned subsidiary of Aon PLC, through February 2017, and Zebra Technologies Corporation ("Zebra Technologies") occupies the property under a sublease agreement. On March 1, 2017, the Zebra Technologies property will be leased in its entirety pursuant to a 117 month triple-net lease to Zebra Technologies Corporation.