XML 76 R63.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions - Narrative (Details)
3 Months Ended 9 Months Ended
Aug. 14, 2018
$ / shares
Apr. 01, 2017
shares
Dec. 22, 2016
USD ($)
installment
Dec. 16, 2016
USD ($)
shares
Jun. 02, 2015
USD ($)
$ / shares
Sep. 30, 2018
USD ($)
shares
Sep. 30, 2017
USD ($)
Jun. 30, 2017
shares
Sep. 30, 2018
USD ($)
shares
Sep. 30, 2017
USD ($)
property
Dec. 31, 2017
USD ($)
shares
Oct. 31, 2017
property
Related Party Transaction [Line Items]                        
Due from related parties           $ 16,000     $ 16,000   $ 16,000  
Due to related parties           782,000     782,000   829,000  
Conversion of stock (shares) | shares   181,841           181,841        
Distributions paid                 448,000 $ 574,000    
Dividends payable           2,638,000     $ 2,638,000   2,556,000  
Number of real estate properties, no longer subject to oversight fee (property) | property                       12
Period to reinvest proceeds to not be included in the Sale                 180 days      
Cash paid for acquired real estate investments                   30,300,000    
Properties Sold                        
Related Party Transaction [Line Items]                        
Gain (loss) on sale of property                   $ 600,000    
Kulicke & Soffa                        
Related Party Transaction [Line Items]                        
Number of properties sold (property) | property                   1    
Stand Alone, Single Tenant, Net Leased | Gross Revenue, Managed Properties | Unaffiliated Third Party Property Management Services | Europe                        
Related Party Transaction [Line Items]                        
Property management fee, percent fee                 0.25%      
All Other Properties, Other than Stand Alone, Single Tenant, Net Leased | Gross Revenue, Managed Properties | Unaffiliated Third Party Property Management Services | Europe                        
Related Party Transaction [Line Items]                        
Property management fee, percent fee                 0.50%      
Singe Tenant Net Lease, Not Part of Shopping Center | Gross Revenue, Managed Properties | Unaffiliated Third Party Property Management Services | Europe                        
Related Party Transaction [Line Items]                        
Property management fee, percent fee                 1.75%      
All Other Property Types, Other Than Stand Alone, Single Tenant, Net Leased and Not Part of Shopping Center | Gross Revenue, Managed Properties | Unaffiliated Third Party Property Management Services | Europe                        
Related Party Transaction [Line Items]                        
Property management fee, percent fee                 3.50%      
The Letter Agreement                        
Related Party Transaction [Line Items]                        
Related party notes receivable acquired in Merger     $ 5,100,000 $ 6,300,000                
Percent over gross offering proceeds to trigger Advisor reimbursement       2.00%                
Period of installments       8 months                
Multiple for valuing Class B Units       2.27                
Period for valuing Class B Units       30 days                
Number of equal cash installments (installment) | installment     8                  
The Letter Agreement | Class B Units                        
Related Party Transaction [Line Items]                        
Number of shares as reimbursement (shares) | shares       66,344                
2015 OPP                        
Related Party Transaction [Line Items]                        
Dividends payable           $ 0     $ 0   $ 0  
OP Units                        
Related Party Transaction [Line Items]                        
Units outstanding (shares) | shares           0     0   0  
Distributions paid to partners                   $ 100,000    
LTIP Units                        
Related Party Transaction [Line Items]                        
Distributions paid           $ 200,000     $ 400,000 500,000    
Global Net Lease Advisors, LLC | Advisor And Scott J. Bowman | Chief Executive Officer                        
Related Party Transaction [Line Items]                        
Direct membership interest           5.00%     5.00%      
Global Net Lease Advisors, LLC | Scott J. Bowman | Chief Executive Officer                        
Related Party Transaction [Line Items]                        
Direct membership interest           10.00%     10.00%      
Third party professional fees and offering costs                        
Related Party Transaction [Line Items]                        
Due to related parties           $ 800,000     $ 800,000   $ 800,000  
Property Operating and General Administrative Expenses                        
Related Party Transaction [Line Items]                        
Related party expenses           $ 0 $ 0   $ 0 0    
AR Global, LLC | Global Net Lease Advisors, LLC                        
Related Party Transaction [Line Items]                        
Indirect membership interest           95.00%     95.00%      
Special Limited Partner                        
Related Party Transaction [Line Items]                        
Operating partnership units (shares) | shares           35,900     35,900   39,904  
Advisor | Properties Sold                        
Related Party Transaction [Line Items]                        
Due to related parties           $ 49,000     $ 49,000   $ 49,000  
Gain (loss) on sale of property           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%              
Percent of Core AFFO per weighted average share outstanding in excess of incentive hurdle one         15.00%              
Amended Advisory Agreement, incentive compensation core AFFO per share, incentive hurdle one (usd per share) | $ / shares         $ 2.37              
Percent of Core AFFO per weighted average share outstanding in excess of incentive hurdle two         10.00%              
Amended Advisory Agreement, incentive compensation core AFFO per share, incentive hurdle two (usd per share) | $ / shares         $ 3.08              
Amended Advisory Agreement, incentive compensation core AFFO per share, incentive hurdle one, period one (usd per share) | $ / shares $ 2.15                      
Amended Advisory Agreement, incentive compensation core AFFO per share, incentive hurdle one, period two (usd per share) | $ / shares 2.25                      
Amended Advisory Agreement, incentive compensation core AFFO per share, incentive hurdle two, period one (usd per share) | $ / shares 2.79                      
Amended Advisory Agreement, incentive compensation core AFFO per share, incentive hurdle two, period two (usd per share) | $ / shares $ 2.92                      
Minimum base management fee and incentive compensation payable, maximum percent of assets under management, range one         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              
Minimum base management fee and incentive compensation payable, maximum percent of assets under management, range two         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              
Minimum base management fee and incentive compensation payable, maximum percent of assets under management, range three         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 0.00%       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%       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 | American Realty Capital Global Advisors, LLC                        
Related Party Transaction [Line Items]                        
Due from related parties           16,000     16,000   $ 16,000  
Related party expenses           $ 0 0   $ 0 0    
Advisor | American Realty Capital Global Advisors, LLC | Maximum | Average Invested Assets | 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 | Maximum | Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets | Greater Of                        
Related Party Transaction [Line Items]                        
Operating expenses as a percentage of benchmark           25.00%     25.00%      
Advisor | AR Global, LLC | Global Net Lease Advisors, LLC                        
Related Party Transaction [Line Items]                        
Indirect membership interest           90.00%     90.00%      
Property Manager | American Realty Capital Global Properties, LLC | Maximum | Gross Revenue, Managed Properties                        
Related Party Transaction [Line Items]                        
Oversight fees as a percentage of benchmark           1.00%     1.00%      
Property Manager | American Realty Capital Global Properties, LLC | Maximum | Gross Revenue, Managed Properties | 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 | Maximum | Gross Revenue, Managed Properties | 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%      
Incurred                        
Related Party Transaction [Line Items]                        
Related party expenses           $ 6,956,000 6,368,000   $ 20,925,000 18,988,000    
Incurred | Recurring Fees | Incentive compensation                        
Related Party Transaction [Line Items]                        
Related party expenses           $ 361,000 $ 0   $ 361,000 $ 0