Real Estate Investments (Tables)
 11 Months Ended
Dec. 31, 2013
Real Estate Investments, Net [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following table presents the allocation of assets acquired and liabilities assumed during the period from January 22, 2013 (date of inception) to December 31, 2013:
(Dollar amounts in thousands)
 
Period from January 22, 2013 (date of inception) to December 31, 2013
Real estate investments, at cost:
 
 
Land
 
$
147,899

Buildings, fixtures and improvements
 
868,700

Total tangible assets
 
1,016,599

Acquired intangibles:
 
 
In-place leases
 
130,093

Above-market lease assets
 
380

Below-market lease liabilities
 
(931
)
Total intangibles
 
129,542

Total assets acquired, net
 
1,146,141

Mortgage note payable assumed
 
(8,830
)
Premium on mortgage assumed
 
(334
)
Real estate investments financed through accounts payable
 
(9,902
)
Cash paid for acquired real estate investments, at cost
 
$
1,127,075

Number of properties purchased
 
239
Business Acquisition, Pro Forma Information
The following table presents unaudited pro forma information as if the acquisitions during the period from January 22, 2013 (date of inception) to December 31, 2013 had been consummated on January 22, 2013 (date of inception):
(In thousands)
 
Period from January 22, 2013 (date of inception) to December 31, 2013
Pro forma revenues
 
$
89,817

Pro forma net income
 
$
4,442
Schedule of Future Minimum Rental Payments for Operating Leases
The following table presents future minimum base rent payments on a cash basis due to the Company over the next five years and thereafter.  These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items.
(In thousands)
 
Future Minimum
Base Rent Payments
2014
 
$
81,876

2015
 
83,052

2016
 
83,961

2017
 
84,826

2018
 
81,738

Thereafter
 
647,578

 
 
$
1,063,031
Schedule of Annualized Rental Income by Major Tenants
The following table lists the tenants whose annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income on a straight-line basis for all portfolio properties as of December 31, 2013: 
Tenant
 
December 31, 2013
Americold
 
14.5
%
Merrill Lynch
 
14.5
%
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
The following table lists the states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of December 31, 2013: 
State
 
December 31, 2013
Georgia
 
14.7
%
New Jersey
 
15.1
%