CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
Real estate investments, at cost:
Land	$ 425,814,000	$ 425,814,000
Buildings, fixtures and improvements	990,451,000	989,145,000
Acquired intangible lease assets	127,004,000	127,846,000
Total real estate investments, at cost	1,543,269,000	1,542,805,000
Less accumulated depreciation and amortization	(81,326,000)	(41,183,000)
Total real estate investments, net	1,461,943,000	1,501,622,000
Cash and cash equivalents	50,616,000	233,377,000
Restricted cash	1,382,000	1,122,000
Investment securities, at fair value	4,376,000	1,048,000
Investments in unconsolidated joint ventures	228,834,000	234,774,000
Preferred equity investment	33,600,000	30,000,000
Derivatives, at fair value	132,000	490,000
Receivable for sale of common stock	0	11,127,000
Due from affiliate	1,041,000	0
Prepaid expenses and other assets	27,889,000	21,404,000
Deferred costs, net	18,555,000	13,341,000
Total assets	1,828,368,000	2,048,305,000
LIABILITIES AND EQUITY
Mortgage notes payable	172,482,000	172,716,000
Credit facility	305,000,000	305,000,000
Market lease intangibles, net	66,953,000	73,029,000
Derivatives, at fair value	39,777,000	875,000
Accounts payable and accrued expenses	25,882,000	30,703,000
Deferred rent and other liabilities	5,259,000	7,997,000
Dividends payable	0	8,726,000
Total liabilities	615,353,000	599,046,000
Common stock, $0.01 par value; 300,000,000 shares authorized, 162,180,226 and 174,120,408 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	1,620,000	1,741,000
Additional paid-in capital	1,399,480,000	1,533,698,000
Accumulated other comprehensive loss	(1,446,000)	(613,000)
Accumulated deficit	(200,524,000)	(86,008,000)
Total stockholders' equity	1,199,130,000	1,448,818,000
Non-controlling interests	13,885,000	441,000
Total equity	1,213,015,000	1,449,259,000
Total liabilities and equity	1,828,368,000	2,048,305,000
Preferred Shares
LIABILITIES AND EQUITY
Preferred stock	0	0
Convertible Preferred Stock
LIABILITIES AND EQUITY
Preferred stock	$ 0	$ 0