XML 60 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Equity (Unaudited) - USD ($)
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-In Capital
Cumulative Distributions
Accumulated (Deficit) Earnings
Accumulated Other Comprehensive Loss
Non- controlling Interests
Griffin Capital Essential Asset REIT, Inc. [Member]
Griffin Capital Essential Asset REIT, Inc. [Member]
Total Stockholders’ Equity
Griffin Capital Essential Asset REIT, Inc. [Member]
Common Stock
Griffin Capital Essential Asset REIT, Inc. [Member]
Additional Paid-In Capital
Griffin Capital Essential Asset REIT, Inc. [Member]
Cumulative Distributions
Griffin Capital Essential Asset REIT, Inc. [Member]
Accumulated (Deficit) Earnings
Griffin Capital Essential Asset REIT, Inc. [Member]
Accumulated Other Comprehensive Loss
Griffin Capital Essential Asset REIT, Inc. [Member]
Non- controlling Interests
BALANCE at Dec. 31, 2014 $ 9,479,000 $ 9,340,000 $ 11,000 $ 9,838,000 $ (72,000) $ (437,000) $ 0 $ 139,000 $ 990,985,000 $ 973,507,000 $ 1,326,000 $ 1,128,318,000 $ (104,429,000) $ (51,285,000) $ (423,000) $ 17,478,000
BALANCE (in shares) at Dec. 31, 2014     1,133,773               129,763,016          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of common stock for SOR Merger                 433,667,000 433,667,000 $ 42,000 433,625,000        
Issuance of common stock for SOR Merger (shares)                     41,764,968          
Adjustment to par value                 0 0 $ (1,217,000) 1,217,000        
Adjustments to redemption value of redeemable noncontrolling interest                 (10,473,000) (10,473,000)   (10,473,000)        
Gross proceeds from issuance of common stock 268,973,000 268,973,000 $ 16,000 268,957,000                        
Gross proceeds from issuance of common stock (shares)     26,897,208                          
Discount on issuance of common stock (997,000) (997,000)   (997,000)                        
Deferred equity compensation                 12,000 12,000   12,000        
Deferred equity compensation (in shares)                     667          
Distributions to common stockholders (3,173,000) (3,173,000)     (3,173,000)       (55,045,000) (55,045,000)     (55,045,000)      
Issuance of shares for distribution reinvestment plan     $ 2,000 4,535,000 (4,537,000)       52,557,000   $ 28,000 52,529,000 (52,557,000)      
Issuance of shares for distribution reinvestment plan (in shares)     477,638               5,053,669          
Issuance of stock dividend (in shares)     47,551                          
Issuance of stock dividend       476,000 (476,000)                      
Repurchase of common stock                 (13,819,000) (13,819,000) $ (4,000) (13,815,000)        
Repurchase of common stock (in shares)                     (1,397,801)          
Additions to noncontrolling interests subject to redemption (375,000) (375,000)     (375,000)                      
Distributions to noncontrolling interests               (11,000) (3,150,000)             (3,150,000)
Issuance of limited partnership units                 7,282,000             7,282,000
Distributions to noncontrolling interests subject to redemption                 (10,000)             (10,000)
Offering costs on preferred shares (27,514,000) (27,514,000)   (27,514,000)         (62,000) (62,000)   (62,000)        
Additions to common stock subject to redemption (4,538,000) (4,538,000)   (4,538,000)         (35,232,000) (35,232,000)   (35,232,000)        
Noncontrolling Interest, Increase for Offering Costs and Distributions to Noncontrolling Interest Holders 364,000 375,000     375,000     (11,000) 5,380,000 5,380,000   5,380,000        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Distributions to Redeemable Preferred Units, and Preferred Unit Redemption Charges (17,277,000) (17,247,000)       (17,247,000)   (30,000)                
Net income                 (3,888,000) (3,750,000)       (3,750,000)   (138,000)
Other comprehensive income                 (6,560,000) (6,416,000)         (6,416,000) (144,000)
BALANCE at Dec. 31, 2015 224,942,000 224,844,000 $ 29,000 250,757,000 (8,258,000) (17,684,000) 0 98,000 1,309,087,000 1,287,769,000 $ 175,000 1,561,499,000 (212,031,000) (55,035,000) (6,839,000) 21,318,000
BALANCE (in shares) at Dec. 31, 2015     28,556,170               175,184,519          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Gross proceeds from issuance of common stock 406,463,000 406,463,000 $ 40,000 406,423,000                        
Gross proceeds from issuance of common stock (shares)     40,700,406                          
Discount on issuance of common stock (696,000) (696,000)   (696,000)                        
Deferred equity compensation                 18,000 18,000   18,000        
Deferred equity compensation (in shares)                     1,333          
Distributions to common stockholders (12,479,000) (12,479,000)     (12,479,000)       (69,624,000) (69,624,000)     (69,624,000)      
Issuance of shares for distribution reinvestment plan     $ 2,000 15,157,000 (15,159,000)       52,174,000   $ 5,000 52,169,000 (52,174,000)      
Issuance of shares for distribution reinvestment plan (in shares)     1,599,355               5,011,974          
Issuance of stock dividend (in shares)     251,158                          
Issuance of stock dividend       2,510,000 (2,510,000)                      
Repurchase of common stock                 (41,443,000) (41,443,000) $ (4,000) (41,439,000)        
Repurchase of common stock (in shares)                     (4,164,955)          
Repurchase of common stock (1,627,000) (1,627,000)   (1,627,000)                        
Repurchase of common stock (in shares)     (167,442)                          
Distributions to noncontrolling interests (11,000)             (11,000) (4,124,000)             (4,124,000)
Issuance of limited partnership units                 11,941,000             11,941,000
Distributions to noncontrolling interests subject to redemption                 (11,000)             (11,000)
Offering costs on preferred shares (43,340,000) (43,340,000)   (43,340,000)                        
Additions to common stock subject to redemption (13,531,000) (13,531,000)   (13,531,000)         (10,731,000) (10,731,000)   (10,731,000)        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Distributions to Redeemable Preferred Units, and Preferred Unit Redemption Charges (6,107,000) (6,104,000)       (6,104,000)   (3,000)                
Net income                 26,197,000 25,285,000       25,285,000   912,000
Other comprehensive income 841,000 841,000         841,000   2,274,000 2,196,000         2,196,000 78,000
BALANCE at Dec. 31, 2016 $ 554,455,000 554,371,000 $ 71,000 615,653,000 (38,406,000) (23,788,000) 841,000 84,000 $ 1,223,584,000 1,193,470,000 $ 176,000 1,561,516,000 (333,829,000) (29,750,000) (4,643,000) 30,114,000
BALANCE (in shares) at Dec. 31, 2016 70,939,647   70,939,647           176,032,871   176,032,871          
BALANCE at Dec. 31, 2015 $ 224,942,000 224,844,000 $ 29,000 250,757,000 (8,258,000) (17,684,000) 0 98,000 $ 1,309,087,000 1,287,769,000 $ 175,000 1,561,499,000 (212,031,000) (55,035,000) (6,839,000) 21,318,000
BALANCE (in shares) at Dec. 31, 2015     28,556,170               175,184,519          
BALANCE at Dec. 31, 2017 $ 562,544,000 562,468,000 $ 76,000 656,705,000 (82,590,000) (12,672,000) 949,000 76,000 $ 1,251,811,000 1,220,706,000 $ 171,000 1,561,694,000 (454,526,000) 110,907,000 2,460,000 31,105,000
BALANCE (in shares) at Dec. 31, 2017 77,175,283   77,175,283           170,906,111   170,906,111          
BALANCE at Dec. 31, 2016 $ 554,455,000 554,371,000 $ 71,000 615,653,000 (38,406,000) (23,788,000) 841,000 84,000 $ 1,223,584,000 1,193,470,000 $ 176,000 1,561,516,000 (333,829,000) (29,750,000) (4,643,000) 30,114,000
BALANCE (in shares) at Dec. 31, 2016 70,939,647   70,939,647           176,032,871   176,032,871          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Gross proceeds from issuance of common stock $ 41,826,000 41,826,000 $ 4,000 41,822,000                        
Gross proceeds from issuance of common stock (shares)     4,205,673                          
Discount on issuance of common stock (16,000) (16,000)   (16,000)                        
Deferred equity compensation                 $ 173,000 173,000   173,000        
Deferred equity compensation (in shares)                     13,000          
Distributions to common stockholders (19,427,000) (19,427,000)     (19,427,000)       (71,156,000) (71,156,000)     (71,156,000)      
Issuance of shares for distribution reinvestment plan   0 $ 2,000 22,206,000 (22,208,000)       49,541,000 0 $ 5,000 49,536,000 (49,541,000)      
Issuance of shares for distribution reinvestment plan (in shares)     2,358,188               4,791,485          
Issuance of stock dividend (in shares)     269,774                          
Issuance of stock dividend 0 0 $ 0 2,549,000 (2,549,000)                      
Repurchase of common stock                 (98,906,000) (98,906,000) $ (10,000) (98,896,000)        
Repurchase of common stock (in shares)                     (9,931,245)          
Stock-based compensation 292,000 292,000   292,000                        
Stock-based compensation (in shares)     25,500                          
Repurchase of common stock (5,742,000) (5,742,000) $ (1,000) (5,741,000)                        
Repurchase of common stock (in shares)     (623,499)                          
Reduction of common stock subject to redemption                 49,365,000 49,365,000   49,365,000        
Issuance of limited partnership units               0                
Distributions to noncontrolling interests (11,000)             (11,000) (4,369,000) 0           (4,369,000)
Issuance of limited partnership units                               0
Distributions to noncontrolling interests subject to redemption                 (13,000) 0           (13,000)
Offering costs on preferred shares (3,593,000) (3,593,000)   (3,593,000)                        
Additions to common stock subject to redemption (16,467,000) (16,467,000)   (16,467,000)         49,365,000 49,365,000   49,365,000        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Distributions to Redeemable Preferred Units, and Preferred Unit Redemption Charges 11,119,000 11,116,000       11,116,000   3,000                
Net income                 145,777,000 140,657,000       140,657,000   5,120,000
Other comprehensive income 108,000 108,000         108,000   7,356,000 7,103,000         7,103,000 253,000
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest               0                
BALANCE at Dec. 31, 2017 $ 562,544,000 562,468,000 $ 76,000 656,705,000 (82,590,000) (12,672,000) 949,000 76,000 $ 1,251,811,000 1,220,706,000 $ 171,000 1,561,694,000 (454,526,000) 110,907,000 2,460,000 31,105,000
BALANCE (in shares) at Dec. 31, 2017 77,175,283   77,175,283           170,906,111   170,906,111          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Gross proceeds from issuance of common stock $ 7,430,000 7,430,000 $ 1,000 7,429,000                        
Gross proceeds from issuance of common stock (shares)     762,537                          
Changes in redeemable common stock (5,292,000) (5,292,000)   (5,292,000)                        
Discount on issuance of common stock (1,000) (1,000)   (1,000)                        
Deferred equity compensation                 $ 37,000 37,000   37,000        
Deferred equity compensation (in shares)                     7,667          
Distributions to common stockholders (15,498,000) (15,498,000)     (15,498,000)       (53,720,000) (53,720,000)     (53,720,000)      
Issuance of shares for distribution reinvestment plan 0 0 $ 2,000 16,420,000 (16,422,000)       33,667,000 0 $ 3,000 33,664,000 (33,667,000)      
Issuance of shares for distribution reinvestment plan (in shares)     1,712,265               3,353,277          
Issuance of stock dividend (in shares)     2                          
Repurchase of common stock                 (76,912,000) (76,912,000) $ (8,000) (76,904,000)        
Repurchase of common stock (in shares)                     (8,013,521)          
Stock-based compensation 44,000 44,000   44,000                        
Stock-based compensation (in shares)     10,500                          
Repurchase of common stock (18,900,000) (18,900,000) $ (2,000) (18,898,000)                        
Repurchase of common stock (in shares)     (2,000,321)                          
Reduction of common stock subject to redemption                 43,245,000 43,245,000   43,245,000        
Issuance of limited partnership units 1,185,000             1,185,000                
Distributions to noncontrolling interests (50,000)             (50,000) (3,267,000)             (3,267,000)
Distributions to noncontrolling interests subject to redemption                 (10,000)             (10,000)
Offering costs on preferred shares (1,129,000) (1,129,000)   (1,129,000)         (4,727,000) (4,727,000)   (4,727,000)        
Additions to common stock subject to redemption 2,478,000 2,478,000   2,478,000                        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Distributions to Redeemable Preferred Units, and Preferred Unit Redemption Charges (431,000) (430,000)       (430,000)   (1,000)                
Net income                 17,275,000 16,604,000       16,604,000   671,000
Other comprehensive income (641,000) (639,000)         (639,000) (2,000) 7,500,000 7,276,000       0 7,276,000 224,000
BALANCE at Sep. 30, 2018 $ 531,739,000 $ 530,531,000 $ 77,000 $ 657,756,000 $ (114,510,000) $ (13,102,000) $ 310,000 $ 1,208,000 $ 1,181,232,000 $ 1,152,509,000 $ 166,000 $ 1,557,009,000 $ (541,913,000) $ 127,511,000 $ 9,736,000 $ 28,723,000
BALANCE (in shares) at Sep. 30, 2018 77,660,266   77,660,266           166,253,534   166,253,534