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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Real estate investments, at cost:    
Land $ 2,724,709 $ 2,699,110
Buildings, fixtures and improvements 9,916,070 10,032,055
Intangible lease assets 1,917,251 1,872,461
Total real estate investments, at cost 14,558,030 14,603,626
Less: accumulated depreciation and amortization 4,002,377 3,833,084
Total real estate investments, net 10,555,653 10,770,542
Operating lease right-of-use assets 185,443 195,518
Investment in unconsolidated entities 80,363 81,639
Cash and cash equivalents 5,874 523,539
Restricted cash 10,803 13,842
Rent and tenant receivables and other assets, net 371,911 366,620
Goodwill 1,337,773 1,337,773
Real estate assets held for sale, net 31,073 65,583
Total assets 12,578,893 13,355,056
LIABILITIES AND EQUITY    
Mortgage notes payable, net 987,704 1,328,835
Corporate bonds, net 4,590,348 4,584,230
Credit facility 88,000 0
Below-market lease liabilities, net 111,140 120,938
Accounts payable and accrued expenses 137,626 117,015
Deferred rent and other liabilities 58,707 63,204
Distributions payable 105,958 89,514
Operating lease liabilities 196,671 209,104
Total liabilities 6,276,154 6,512,840
Commitments and contingencies (Note 10)
Preferred stock, $0.01 par value, 100,000,000 shares authorized with 18,871,246 issued and outstanding as of December 31, 2020. 0 189
Common stock, $0.01 par value, 1,500,000,000 shares authorized and 229,152,001 and 228,881,547 issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 2,292 2,289
Additional paid-in capital 12,984,914 13,449,412
Accumulated other comprehensive income 831 536
Accumulated deficit (6,692,338) (6,617,380)
Total stockholders’ equity 6,295,699 6,835,046
Non-controlling interests 7,040 7,170
Total equity 6,302,739 6,842,216
Total liabilities and equity 12,578,893 13,355,056
VEREIT Operating Partnership, L.P. [Member]    
Real estate investments, at cost:    
Land 2,724,709 2,699,110
Buildings, fixtures and improvements 9,916,070 10,032,055
Intangible lease assets 1,917,251 1,872,461
Total real estate investments, at cost 14,558,030 14,603,626
Less: accumulated depreciation and amortization 4,002,377 3,833,084
Total real estate investments, net 10,555,653 10,770,542
Operating lease right-of-use assets 185,443 195,518
Investment in unconsolidated entities 80,363 81,639
Cash and cash equivalents 5,874 523,539
Restricted cash 10,803 13,842
Rent and tenant receivables and other assets, net 371,911 366,620
Goodwill 1,337,773 1,337,773
Real estate assets held for sale, net 31,073 65,583
Total assets 12,578,893 13,355,056
LIABILITIES AND EQUITY    
Mortgage notes payable, net 987,704 1,328,835
Corporate bonds, net 4,590,348 4,584,230
Credit facility 88,000 0
Below-market lease liabilities, net 111,140 120,938
Accounts payable and accrued expenses 137,626 117,015
Deferred rent and other liabilities 58,707 63,204
Distributions payable 105,958 89,514
Operating lease liabilities 196,671 209,104
Total liabilities 6,276,154 6,512,840
Commitments and contingencies (Note 10)
Total partners’ equity 6,301,606 6,841,042
Non-controlling interests 1,133 1,174
Total equity 6,302,739 6,842,216
Total liabilities and equity 12,578,893 $ 13,355,056
VEREIT Operating Partnership, L.P. [Member] | Preferred Stock [Member]    
LIABILITIES AND EQUITY    
General partners', units issued (shares)   18,871,246
General partners', units outstanding (shares)   18,871,246
Limited partners', units outstanding (shares)   49,766
Limited partners', units issued (shares)   49,766
General Partners' capital account 0 $ 254,294
Limited Partners' capital account $ 0 $ 1,787
VEREIT Operating Partnership, L.P. [Member] | Common Stock [Member]    
LIABILITIES AND EQUITY    
General partners', units issued (shares) 229,152,001 228,881,547
General partners', units outstanding (shares) 229,152,001 228,881,547
Limited partners', units outstanding (shares) 152,033 152,033
Limited partners', units issued (shares) 152,033 152,033
General Partners' capital account $ 6,296,943 $ 6,580,752
Limited Partners' capital account $ 4,663 $ 4,209