XML 14 R48.htm IDEA: XBRL DOCUMENT v2.4.1.9
Mortgage Notes Payable (Schedule of Mortgage Notes Payable) (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Debt Instrument [Line Items]    
Outstanding Loan Amount $ 172,121us-gaap_SecuredDebt $ 172,242us-gaap_SecuredDebt
Mortgages    
Debt Instrument [Line Items]    
Encumbered Properties 14arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Outstanding Loan Amount 172,121us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
172,242us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Effective Interest Rate 3.60%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
[1]  
Mortgages | Design Center    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_InteriorDesignBuildingMember
 
Outstanding Loan Amount 20,100us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_InteriorDesignBuildingMember
20,198us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_InteriorDesignBuildingMember
Effective Interest Rate 4.40%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_InteriorDesignBuildingMember
 
Mortgages | Bleecker Street    
Debt Instrument [Line Items]    
Encumbered Properties 3arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_BleeckerStreetMember
 
Outstanding Loan Amount 21,300us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_BleeckerStreetMember
21,300us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_BleeckerStreetMember
Effective Interest Rate 4.30%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_BleeckerStreetMember
 
Mortgages | Foot Locker    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_FootLockerMember
 
Outstanding Loan Amount 3,250us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_FootLockerMember
3,250us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_FootLockerMember
Effective Interest Rate 4.60%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_FootLockerMember
 
Mortgages | Regal Parking Garage    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_RegalParkingGarageMember
 
Outstanding Loan Amount 3,000us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_RegalParkingGarageMember
3,000us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_RegalParkingGarageMember
Effective Interest Rate 4.50%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_RegalParkingGarageMember
 
Mortgages | Duane Reade    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_DuaneReedMember
 
Outstanding Loan Amount 8,400us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_DuaneReedMember
8,400us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_DuaneReedMember
Effective Interest Rate 3.60%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_DuaneReedMember
 
Mortgages | Washington Street Portfolio    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_WashingtonStreetMember
 
Outstanding Loan Amount 4,718us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_WashingtonStreetMember
4,741us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_WashingtonStreetMember
Effective Interest Rate 4.40%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_WashingtonStreetMember
 
Mortgages | One Jackson Square    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_OneJacksonSquareMember
 
Outstanding Loan Amount 13,000us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_OneJacksonSquareMember
13,000us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_OneJacksonSquareMember
Effective Interest Rate 3.40%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_OneJacksonSquareMember
[2]  
Mortgages | 350 West 42nd Street    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A42NdStreetMember
 
Outstanding Loan Amount 11,365us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A42NdStreetMember
11,365us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A42NdStreetMember
Effective Interest Rate 3.40%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A42NdStreetMember
 
Mortgages | 1100 Kings Highway    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_KingsHighwayPortfolioMember
 
Outstanding Loan Amount 20,200us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_KingsHighwayPortfolioMember
20,200us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_KingsHighwayPortfolioMember
Effective Interest Rate 3.40%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_KingsHighwayPortfolioMember
[2]  
Mortgages | 1623 Kings Highway    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A1623KingsHighwayPortfolioMember
 
Outstanding Loan Amount 7,288us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A1623KingsHighwayPortfolioMember
7,288us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A1623KingsHighwayPortfolioMember
Effective Interest Rate 3.30%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A1623KingsHighwayPortfolioMember
[2]  
Mortgages | 256 West 38th Street    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A256West38ThStreetMember
 
Outstanding Loan Amount 24,500us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A256West38ThStreetMember
24,500us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A256West38ThStreetMember
Effective Interest Rate 3.10%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A256West38ThStreetMember
[2]  
Mortgages | 229 West 36th Street    
Debt Instrument [Line Items]    
Encumbered Properties 1arct_NumberOfRealEstatePropertiesEncumbered
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A229West36ThStreetMember
 
Outstanding Loan Amount $ 35,000us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A229West36ThStreetMember
$ 35,000us-gaap_SecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A229West36ThStreetMember
Effective Interest Rate 2.90%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= arct_A229West36ThStreetMember
[2]  
[1] Calculated on a weighted average basis for all mortgages outstanding as of March 31, 2015.
[2] Fixed through an interest rate swap agreement.