XML 86 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1

Fair Value Measurements (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2018

Dec. 31, 2017

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of assets and liabilities measure at fair value on a recurring basis

The following tables set forth the assets that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of September 30, 2018:

	Total Fair Value			Quoted Prices in Active Markets for Identical Assets and Liabilities			Significant Other Observable Inputs			Significant Unobservable Inputs
Interest Rate Swaps at:
September 30, 2018	$	310		$	—		$	310		$	—
December 31, 2017	$	1,032		$	—		$	1,032		$	—

The following tables set forth the assets/(liabilities) that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2017 and 2016:

	Total Fair Value			Quoted Prices in Active Markets for Identical Assets and Liabilities			Significant Other Observable Inputs			Significant Unobservable Inputs
Interest Rate Swaps at:
December 31, 2017	$	1,032		$	—		$	1,032		$	—
December 31, 2016	$	996		$	—		$	996		$	—

Schedule of carrying values and estimated fair values of financial instruments

The Company determined that the mortgage loan valuation in its entirety is classified in Level 2 of the fair value hierarchy, as the fair value is based on current pricing for debt with similar terms as the in-place debt, and there were no transfers into and out of fair value measurement levels during the nine months ended September 30, 2018 and for the year ended December 31, 2017.

	September 30, 2018								December 31, 2017
	Fair Value				Carrying Value (1)				Fair Value				Carrying Value (1)
AIG Loan	$	119,338			$	126,970			$	122,928			$	126,970

(1) The carrying value of the AIG Loan does not include deferred financing costs as of September 30, 2018 and December 31, 2017. See Note 4, Debt, for details.

The Company determined that the mortgage loan valuation in its entirety is classified in Level 2 of the fair value hierarchy, as the fair value is based on current pricing for debt with similar terms as the in-place debt, and there were no transfers into and out of fair value measurement levels during the years ended December 31, 2017 and 2016.

	December 31, 2017								December 31, 2016
	Fair Value				Carrying Value (1)				Fair Value				Carrying Value (1)
AIG Loan	$	122,928			$	126,970			$	120,322			$	126,970

(1) The carrying value of the AIG Loan does not include deferred financing costs as of December 31, 2017 and 2016 . See Note 4, Debt, for details.

Griffin Capital Essential Asset REIT, Inc. [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of assets and liabilities measure at fair value on a recurring basis

The following tables set forth the assets that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of September 30, 2018 and December 31, 2017:

Assets/(Liabilities)		Total Fair Value				Quoted Prices in Active Markets for Identical Assets and Liabilities				Significant Other Observable Inputs				Significant Unobservable Inputs
September 30, 2018
Interest Rate Swap Asset		$	10,892			$	—			$	10,892			$	—
December 31, 2017
Interest Rate Swap Asset		$	3,713			$	—			$	3,713			$	—

The following tables set forth the assets and liabilities that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2017 and 2016:

Assets/(Liabilities)		Total Fair Value				Quoted Prices in Active Markets for Identical Assets and Liabilities				Significant Other Observable Inputs				Significant Unobservable Inputs
December 31, 2017
Interest Rate Swap Asset		$	3,713			$	—			$	3,713			$	—
December 31, 2016
Interest Rate Swap Liability		$	(3,101	)		$	—			$	(3,101	)		$	—

Schedule of carrying values and estimated fair values of financial instruments

The Company determined that the mortgage debt valuation in its entirety is classified in Level 2 of the fair value hierarchy, as the fair value is based on current pricing for debt with similar terms as the in-place debt.

	September 30, 2018								December 31, 2017
	Fair Value				Carrying Value (1)				Fair Value				Carrying Value (1)
Highway 94 loan	$	15,637			$	16,714			$	16,484			$	17,352
BofA loan	$	361,602			$	375,000			$	377,289			$	375,000

(1) The carrying values do not include the debt premium/(discount) or deferred financing costs as of September 30, 2018 and December 31, 2017. See Note 5, Debt, for details.

The Company determined that the mortgage debt valuation in its entirety is classified in Level 2 of the fair value hierarchy, as the fair value is based on current pricing for debt with similar terms as the in-place debt.

	December 31, 2017								December 31, 2016
	Fair Value				Carrying Value (1)				Fair Value				Carrying Value (1)
AIG loan	$	113,715			$	109,275			$	113,052			$	110,640
Highway 94 loan	16,484				17,352				17,073				18,175
Samsonite loan	23,851				22,961				24,349				23,786

(1) The carrying values do not include the debt premium/(discount) or deferred financing costs as of December 31, 2017 and 2016. See Note 5, Debt, for details.

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	dei_LegalEntityAxis=gcnl_GriffinCapitalEssentialAssetREITInc.Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: