XML 52 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Agreements and Transactions with Related Parties - Narratives (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
USD ($)
shares
Jun. 30, 2017
USD ($)
Jun. 30, 2018
USD ($)
shares
Jun. 30, 2017
USD ($)
Jun. 17, 2018
Dec. 31, 2017
USD ($)
$ / shares
shares
Acquisitions and Disposition Fees            
Advisory agreement, term     1 year      
Preferred return by advisor (as a percentage)     5.00%      
Interest rate on unpaid deferred acquisition fees (as a percentage)     5.00%      
Asset Management Fees and Available Cash Distributions            
Net asset value (usd per share) | $ / shares           $ 10.04
Common stock shares outstanding, shares | shares 352,910,073   352,910,073     349,899,827
Available cash distribution to advisor (as a percentage)     10.00%      
Personnel And Office Rent Reimbursement            
Personnel and overhead reimbursement (as a percentage) 1.00%   1.00%     2.00%
Legal fee reimbursement rate (as a percentage) 0.25%   0.25%      
Merger and other expenses | $ $ 2,300 $ (440) $ 2,357 $ 310    
Due from affiliate | $           $ 200
WPC | Common Stock            
Personnel And Office Rent Reimbursement            
Share conversion ratio (per share)         0.160  
Advisor            
Asset Management Fees and Available Cash Distributions            
Common stock shares outstanding, shares | shares 16,131,967   16,131,967      
Total common stock outstanding held by related party (as a percentage)     4.60%      
Average invested assets            
Personnel And Office Rent Reimbursement            
Operating expenses reimbursements (as a percentage)     2.00%      
Adjusted net income            
Personnel And Office Rent Reimbursement            
Operating expenses reimbursements (as a percentage)     25.00%      
Minimum            
Personnel And Office Rent Reimbursement            
Ownership interest (as a percentage) 6.00%   6.00%      
Minimum | Average equity value            
Asset Management Fees and Available Cash Distributions            
Asset management fees (as a percentage)     1.50%      
Maximum            
Acquisitions and Disposition Fees            
Interest rate on unpaid deferred acquisition fees (as a percentage)     6.00%      
Personnel And Office Rent Reimbursement            
Ownership interest (as a percentage) 97.00%   97.00%      
Maximum | Real estate commission            
Acquisitions and Disposition Fees            
Subordinated disposition fees (as a percentage)     50.00%      
Maximum | Contract sales price of investment            
Acquisitions and Disposition Fees            
Subordinated disposition fees (as a percentage)     3.00%      
Maximum | Average equity value            
Asset Management Fees and Available Cash Distributions            
Asset management fees (as a percentage)     1.75%      
Long-term net lease            
Acquisitions and Disposition Fees            
Acquisition fees (as a percentage)     4.50%      
Long-term net lease | Average market value            
Asset Management Fees and Available Cash Distributions            
Asset management fees (as a percentage)     0.50%      
Long-term net lease | Current            
Acquisitions and Disposition Fees            
Acquisition fees (as a percentage)     2.50%      
Long-term net lease | Deferred            
Acquisitions and Disposition Fees            
Acquisition fees (as a percentage)     2.00%      
Non-long term net lease | Minimum            
Acquisitions and Disposition Fees            
Acquisition fees (as a percentage)     1.00%      
Non-long term net lease | Maximum            
Acquisitions and Disposition Fees            
Acquisition fees (as a percentage)     1.75%