XML 69 R58.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions - Narrative (Details)
3 Months Ended 6 Months Ended
Apr. 03, 2017
shares
Dec. 22, 2016
USD ($)
installment
Sep. 02, 2016
shares
Jun. 30, 2016
shares
Jun. 02, 2015
USD ($)
$ / shares
shares
Jun. 30, 2017
USD ($)
property
shares
Jun. 30, 2016
USD ($)
property
shares
Jun. 30, 2017
USD ($)
property
shares
Jun. 30, 2016
USD ($)
property
shares
Aug. 15, 2017
Dec. 31, 2016
USD ($)
shares
Dec. 16, 2016
USD ($)
Related Party Transaction [Line Items]                        
Due from related parties           $ 16,000   $ 16,000     $ 16,000  
Due to related parties           $ 1,428,000   $ 1,428,000     2,162,000  
Antidilutive securities (shares) | shares           3,049,599 3,666,038 3,049,599 3,666,038      
Distributions paid related to LTIP Units               $ 415,000 $ 1,344,000      
Dividends payable           $ 55,000   55,000     34,000  
Related party notes receivable acquired in Merger (Note 3)           $ 1,285,000   1,285,000     5,138,000  
Equity based compensation               $ (2,219,000) $ 1,114,000      
Period to reinvest proceeds to not be included in the Sale               180 days        
Cash paid for acquired real estate investments               $ 30,290,000        
Properties Sold                        
Related Party Transaction [Line Items]                        
Number of properties sold (property) | property           0 0 1 0      
Gain (loss) on sale of property               $ 600,000        
Forgiven                        
Related Party Transaction [Line Items]                        
Related party expenses           $ 620,000 $ 563,000 $ 1,177,000 $ 1,159,000      
Gross Revenue, Managed Properties | Stand Alone, Single Tenant, Net Leased | Unaffiliated Third Party Property Management Services | Europe                        
Related Party Transaction [Line Items]                        
Property management fee, percent fee               0.25%        
Gross Revenue, Managed Properties | All Other Properties, Other than Stand Alone, Single Tenant, Net Leased | Unaffiliated Third Party Property Management Services | Europe                        
Related Party Transaction [Line Items]                        
Property management fee, percent fee               0.50%        
Gross Revenue, Managed Properties | Singe Tenant Net Lease, Not Part of Shopping Center | Unaffiliated Third Party Property Management Services | Europe                        
Related Party Transaction [Line Items]                        
Property management fee, percent fee               1.75%        
Gross Revenue, Managed Properties | All Other Property Types, Other Than Stand Alone, Single Tenant, Net Leased and Not Part of Shopping Center | Unaffiliated Third Party Property Management Services | Europe                        
Related Party Transaction [Line Items]                        
Property management fee, percent fee               3.50%        
Contribution and Exchange Agreement                        
Related Party Transaction [Line Items]                        
Proceeds from issuance of operating partnership units         $ 800,000              
The Letter Agreement                        
Related Party Transaction [Line Items]                        
Related party notes receivable acquired in Merger (Note 3)   $ 5,100,000       1,300,000   $ 1,300,000       $ 6,300,000
Number of equal cash installments (installment) | installment   8                    
Proceeds from related party receivable               3,900,000        
OPP                        
Related Party Transaction [Line Items]                        
Distributions paid related to LTIP Units           200,000   300,000        
Dividends payable           0   0     0  
Lock out period         1 year              
OP Units                        
Related Party Transaction [Line Items]                        
Distributions paid           $ 0 $ 300,000 $ 100,000 $ 600,000      
Class B Units                        
Related Party Transaction [Line Items]                        
Equity based compensation         $ 14,500,000              
OP Units                        
Related Party Transaction [Line Items]                        
Antidilutive securities (shares) | shares           0 603,219 0 603,219      
Conversion of stock (shares) | shares 181,841   421,378                  
Third party professional fees and offering costs                        
Related Party Transaction [Line Items]                        
Due to related parties           $ 1,400,000   $ 1,400,000     $ 2,200,000  
Property management and leasing fees | Forgiven | Recurring Fees                        
Related Party Transaction [Line Items]                        
Related party expenses           $ 620,000 $ 563,000 $ 1,177,000 $ 1,159,000      
Special Limited Partner                        
Related Party Transaction [Line Items]                        
Operating partnership units (shares) | shares           258,504   258,504     81,481.3333333333  
Advisor | Properties Sold                        
Related Party Transaction [Line Items]                        
Due to related parties           $ 300,000   $ 300,000     $ 900,000  
Gain (loss) on sale of property           0 0   0      
Advisor | Amended Advisory Agreement                        
Related Party Transaction [Line Items]                        
Minimum monthly base management fee         $ 18,000,000              
Amended Advisory Agreement, variable fee payable         1.25%              
Amended Advisory Agreement, incentive compensation payable in cash         50.00%              
Amended Advisory Agreement, incentive compensation payable in shares         50.00%              
Amended Advisory Agreement, incentive compensation, percent of core AFFO per share in excess of incentive hurdle of $0.78 per share         15.00%              
Amended Advisory Agreement, incentive compensation core AFFO per share, incentive hurdle one (usd per share) | $ / shares         $ 2.37              
Amended Advisory Agreement, incentive compensation, percent of core AFFO per share in excess of incentive hurdle of $1.02 per share         10.00%              
Amended Advisory Agreement, incentive compensation core AFFO per share, incentive hurdle two (usd per share) | $ / shares         $ 3.08              
Amended Advisory Agreement, minimum base management fee and incentive compensation payable, cap on AUM up to $5 Billion         1.25%              
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum amount of assets under management, range three         $ 5,000,000,000.0              
Amended Advisory Agreement, minimum base management fee and incentive compensation payable, cap on AUM of at least $15 billion         0.95%              
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum amount of assets under management, range two         $ 15,000,000,000.0              
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum amount of assets under management, range three calculation base         1.25%              
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum Amount of assets under management, range three calculation denominator         $ 10,000,000,000.0              
Amended Advisory Agreement, minimum base management fee and incentive compensation payable, cap on AUM between $5 billion and $15 billion         0.30%              
Amended Advisory Agreement, variable fee payable, maximum sale of investments to trigger possible reduction         $ 200,000,000.0              
Advisor | Amended Advisory Agreement | Minimum                        
Related Party Transaction [Line Items]                        
Amended Advisory Agreement, incentive compensation core AFFO per share, incentive hurdle possible annual increase         1.00%              
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum amount of assets under management, range three         $ 5,000,000,000.0              
Advisor | Amended Advisory Agreement | Maximum                        
Related Party Transaction [Line Items]                        
Amended Advisory Agreement, incentive compensation core AFFO per share, incentive hurdle possible annual increase         3.00%              
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum amount of assets under management, range three         $ 15,000,000,000.0              
Advisor | OP Units                        
Related Party Transaction [Line Items]                        
Antidilutive securities (shares) | shares         487,252              
Advisor | OP Units | Contribution and Exchange Agreement                        
Related Party Transaction [Line Items]                        
Antidilutive securities (shares) | shares         27,776              
Advisor | Class B Units                        
Related Party Transaction [Line Items]                        
Antidilutive securities (shares) | shares       575,438                
Advisor | American Realty Capital Global Advisors, LLC                        
Related Party Transaction [Line Items]                        
Due from related parties           1,300,000   1,300,000     $ 5,200,000  
Related party expenses           $ 0 $ 0 $ 0 $ 0      
Advisor | American Realty Capital Global Advisors, LLC | Contract Purchase Price                        
Related Party Transaction [Line Items]                        
Acquisition fees as a percentage of benchmark         1.00%              
Financing advance fees as a percentage of benchmark, expected third party costs         0.50%              
Advisor | American Realty Capital Global Advisors, LLC | Advance on Loan or Other Investment                        
Related Party Transaction [Line Items]                        
Financing advance fees as a percentage of benchmark         1.00%              
Advisor | American Realty Capital Global Advisors, LLC | Amount Available or Outstanding Under Financing Arrangement                        
Related Party Transaction [Line Items]                        
Acquisition and financing coordination fees as a percentage of benchmark         0.75%              
Advisor | American Realty Capital Global Advisors, LLC | Average Invested Assets | Maximum | Greater Of                        
Related Party Transaction [Line Items]                        
Operating expenses as a percentage of benchmark           2.00%   2.00%        
Advisor | American Realty Capital Global Advisors, LLC | Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets | Maximum | Greater Of                        
Related Party Transaction [Line Items]                        
Operating expenses as a percentage of benchmark           25.00%   25.00%        
Service Provider | OP Units                        
Related Party Transaction [Line Items]                        
Antidilutive securities (shares) | shares         115,967              
Conversion of stock (shares) | shares     115,966.6666666667                  
Individual Investor | OP Units                        
Related Party Transaction [Line Items]                        
Conversion of stock (shares) | shares     305,411.3333333333                  
Advisor and Service Provider | OP Units                        
Related Party Transaction [Line Items]                        
Antidilutive securities (shares) | shares         575,438              
Advisor and Service Provider | Class B Units                        
Related Party Transaction [Line Items]                        
Antidilutive securities (shares) | shares         575,438              
Property Manager | American Realty Capital Global Properties, LLC | Gross Revenue, Managed Properties | Maximum                        
Related Party Transaction [Line Items]                        
Oversight fees as a percentage of benchmark           1.00%   1.00%        
Property Manager | American Realty Capital Global Properties, LLC | Gross Revenue, Managed Properties | Maximum | Stand Alone, Single Tenant, Net Leased                        
Related Party Transaction [Line Items]                        
Oversight fees as a percentage of benchmark           2.00%   2.00%        
Property Manager | American Realty Capital Global Properties, LLC | Gross Revenue, Managed Properties | Maximum | All Other Properties, Other than Stand Alone, Single Tenant, Net Leased                        
Related Party Transaction [Line Items]                        
Oversight fees as a percentage of benchmark           4.00%   4.00%        
Global Net Lease Advisors, LLC | AR Global, LLC [Member]                        
Related Party Transaction [Line Items]                        
Indirect membership interest           90.00%   90.00%        
Global Net Lease Advisors, LLC | AR Global, LLC [Member] | Scenario, Forecast                        
Related Party Transaction [Line Items]                        
Indirect membership interest                   95.00%    
Advisor And Scott J. Bowman [Member] | Global Net Lease Advisors, LLC | Chief Executive Officer                        
Related Party Transaction [Line Items]                        
Direct membership interest           10.00%   10.00%        
Scott J. Bowman | Global Net Lease Advisors, LLC | Chief Executive Officer | Scenario, Forecast                        
Related Party Transaction [Line Items]                        
Direct membership interest                   5.00%