XML 62 R46.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related Party Transactions and Arrangements - Additional Information (Detail)
1 Months Ended 3 Months Ended 9 Months Ended
Oct. 05, 2016
shares
Jun. 30, 2017
USD ($)
Property
Sep. 30, 2017
USD ($)
Property
Sep. 30, 2016
USD ($)
Jun. 30, 2016
USD ($)
Property
Sep. 30, 2017
USD ($)
Property
shares
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Related Party Transaction [Line Items]                
Dividends paid, common stock           $ 38,151,000    
Number of property dispositions | Property     3     3    
Number of property acquired | Property     1,621     1,621    
Acquisition of real estate properties           $ 169,156,000    
Common Shares                
Related Party Transaction [Line Items]                
Common stock repurchased and retired shares | shares           60,377    
R A I T Financial Trust                
Related Party Transaction [Line Items]                
Dividends paid, common stock     $ 0 $ 1,309,000   $ 0 $ 3,926,000  
Repayment of term loan facility         $ 38,075,000      
Number of property dispositions | Property         2      
Former Advisor                
Related Party Transaction [Line Items]                
Asset management fees earned     0 1,727,000   0 5,141,000  
Incentive fee earned by the former advisor     0 206,000   0 350,000  
Former Advisor | Shares Services Agreement                
Related Party Transaction [Line Items]                
Cost incurred for service provided           $ 727,000 0  
Term of agreement           December 21, 2016 to June 20, 2017    
Former Advisor | Incentive Fees                
Related Party Transaction [Line Items]                
Former advisor and management fees payable     0     $ 0   $ 0
Property Manager                
Related Party Transaction [Line Items]                
Former advisor and management fees payable     0     0   $ 0
Property management and leasing fees     0 1,219,000   0 3,710,000  
R A I T Financial Trust | Durham, NC                
Related Party Transaction [Line Items]                
Number of property acquired | Property   328            
Acquisition of real estate properties   $ 42,950,000            
R A I T Financial Trust | Common Shares                
Related Party Transaction [Line Items]                
Common stock repurchased and retired shares | shares 7,269,719              
Sponsor | R A I T Financial Trust                
Related Party Transaction [Line Items]                
Total interest expense paid     $ 0 $ 0   $ 486,000 $ 486,000