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Agreements and Transactions with Related Parties - Narratives (Details) - USD ($)
9 Months Ended
Sep. 30, 2018
Jun. 30, 2018
Dec. 31, 2017
Jul. 31, 2016
Related Party Transaction        
Advisory agreement, term 1 year      
Advisory agreement additional renewal period. term 1 year      
Advisory agreement, unpenalized cancellation period 60 days      
Maximum line of credit approved by directors       $ 50,000,000.0
Due from advisor $ 1,200,000   $ 700,000  
Due to Related Party        
Underwriting compensation limit (as a percentage) 10.00%      
Preferred return (as a percentage) 5.00%      
Personnel and overhead reimbursement (as a percentage) 1.00%   2.00%  
Legal fee reimbursement rate 0.25%      
Distributions of available cash (as a percentage) 10.00%      
Current        
Due to Related Party        
Acquisition fees (as a percentage) 2.50%      
Deferred        
Due to Related Party        
Acquisition fees (as a percentage) 2.00%      
Interest rate on deferred acquisition fee 2.00%      
Accounts payable, accrued expenses and other liabilities        
Due to Related Party        
Estimated future payments $ 4,300,000   $ 5,700,000  
Class A common stock        
Related Party Transaction        
Net asset value (usd per share)   $ 8.57    
Number of shares held by advisor (shares) 113,764,510   111,193,651  
Class C        
Related Party Transaction        
Number of shares held by advisor (shares) 31,529,951   31,189,137  
Due to Related Party        
Shareholder servicing fee (as a percentage) 1.00%      
Real estate commission        
Due to Related Party        
Subordinated disposition fees (as a percentage) 50.00%      
Contract sales price of investment        
Due to Related Party        
Subordinated disposition fees (as a percentage) 3.00%      
Average invested asset        
Due to Related Party        
Percentage of operating expense reimbursement 2.00%      
Adjusted net income        
Due to Related Party        
Percentage of operating expense reimbursement 25.00%      
Minimum        
Due to Related Party        
Equity method investments ownership percentage 50.00%      
Minimum | Average market value of investment        
Related Party Transaction        
Asset management fees (as a percentage) 0.50%      
Maximum        
Due to Related Party        
Acquisition fees (as a percentage) 6.00%      
Equity method investments ownership percentage 99.00%      
Maximum | Average equity value of investment        
Related Party Transaction        
Asset management fees (as a percentage) 1.50%      
W.P. Carey        
Related Party Transaction        
Loan from related party $ 0   $ 0  
Advisor | Class A common stock        
Related Party Transaction        
Number of shares held by advisor (shares) 4,690,225      
Advisor owned percentage of common stock 3.20%