W. P. Carey (WPC) 10-Q 7 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'W. P. Carey Inc.	'
Entity Central Index Key	'0001025378	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'Yes	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'No	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	99,409,854

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments in real estate:	'	'
Real estate, at cost (inclusive of $250,240 and $78,782, respectively, attributable to variable interest entities, or VIEs)	$4,497,999	$2,516,325
Operating real estate, at cost (inclusive of $38,714 and $0, respectively, attributable to VIEs)	84,544	6,024
Accumulated depreciation (inclusive of $21,806 and $18,238, respectively, attributable to VIEs)	-217,155	-168,958
Net investments in properties	4,365,388	2,353,391
Net investments in direct financing leases (inclusive of $64,716 and $18,089, respectively, attributable to VIEs)	880,000	363,420
Assets held for sale	0	86,823
Equity investments in real estate and the Managed REITs	211,225	530,020
Net investments in real estate	5,456,613	3,333,654
Cash and cash equivalents (inclusive of $2,216 and $37, respectively, attributable to VIEs)	214,971	117,519
Due from affiliates	39,516	32,034
Goodwill	698,891	350,208
In-place lease intangible assets, net (inclusive of $30,004 and $3,385, respectively, attributable to VIEs)	966,406	467,127
Above-market rent intangible assets, net (inclusive of $14,738 and $2,544, respectively, attributable to VIEs)	570,498	241,975
Other assets, net (inclusive of $21,144 and $4,246, respectively, attributable to VIEs)	346,853	136,433
Total assets	8,293,748	4,678,950
Liabilities:	'	'
Non-recourse debt (inclusive of $150,915 and $29,042, respectively, attributable to VIEs)	2,823,415	1,492,410
Senior credit facility and unsecured term loan	476,700	575,000
Senior unsecured notes	498,255	0
Below-market rent and other intangible liabilities, net (inclusive of $10,656 and $3,481, respectively, attributable to VIEs)	180,364	128,202
Accounts payable, accrued expenses and other liabilities (inclusive of $6,676 and $2,988, respectively, attributable to VIEs)	298,432	166,385
Deferred income taxes (inclusive of $838 and $0, respectively, attributable to VIEs)	87,991	39,040
Distributions payable	90,610	67,746
Total liabilities	4,455,767	2,468,783
Redeemable noncontrolling interest	6,418	7,436
Commitments and contingencies (Note 12)	'	'
W. P. Carey stockholders’ equity:	'	'
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued	0	0
Common stock, $0.001 par value, 450,000,000 shares authorized; 100,424,204 and 69,299,949 shares issued, respectively; and 99,379,788 and 68,266,570 shares outstanding, respectively	100	69
Additional paid-in capital	4,024,039	2,256,503
Distributions in excess of accumulated earnings	-327,460	-318,577
Deferred compensation obligation	30,624	11,354
Accumulated other comprehensive income	14,215	15,336
Less: treasury stock at cost, 1,044,416 and 1,033,379 shares, respectively	-60,948	-60,270
Total W. P. Carey stockholders’ equity	3,680,570	1,904,415
Noncontrolling interests	150,993	298,316
Total equity	3,831,563	2,202,731
Total liabilities and equity	$8,293,748	$4,678,950

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Investments in real estate:	'	'
Real estates, at cost attributable to consolidated VIEs	$4,497,999	$2,516,325
Operating real estate, at cost attributable to VIEs	84,544	6,024
Accumulated depreciation attributable to consolidated VIEs	217,155	168,958
Net investments in direct financing leases	880,000	363,420
Cash and cash equivalents attributable to consolidated VIEs	214,971	117,519
In-place lease, net attributable to consolidated VIEs	966,406	467,127
Above-market rent, net attributable to consolidated VIEs	570,498	241,975
Other assets, net attributable to consolidated VIEs	346,853	136,433
Liabilities:	'	'
Non-recourse debt attributable to consolidated VIEs	2,823,415	1,492,410
Below-market rent and other intangible liabilities, net attributable to consolidated VIEs	180,364	128,202
Accounts payable, accrued expenses, and other liabilities attributable to consolidated VIEs	298,432	166,385
Deferred income taxes attributable to consolidated VIEs	87,991	39,040
W. P. Carey stockholders’ equity:	'	'
Common stock, per share value	$0.00	$0.00
Common stock, shares authorized	450,000,000	450,000,000
Common stock, shares issued	100,424,204	69,299,949
Common stock, shares outstanding	99,379,788	68,266,570
Preferred stock, par share value	$0.00	$0.00
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Treasury stock, shares	1,044,416	1,033,379
Variable Interest Entity	'	'
Investments in real estate:	'	'
Real estates, at cost attributable to consolidated VIEs	250,240	78,782
Operating real estate, at cost attributable to VIEs	38,714	0
Accumulated depreciation attributable to consolidated VIEs	21,806	18,238
Net investments in direct financing leases	64,716	18,089
Cash and cash equivalents attributable to consolidated VIEs	2,216	37
In-place lease, net attributable to consolidated VIEs	30,004	3,385
Above-market rent, net attributable to consolidated VIEs	14,738	2,544
Other assets, net attributable to consolidated VIEs	21,144	4,246
Liabilities:	'	'
Non-recourse debt attributable to consolidated VIEs	150,915	29,042
Below-market rent and other intangible liabilities, net attributable to consolidated VIEs	10,656	3,481
Accounts payable, accrued expenses, and other liabilities attributable to consolidated VIEs	6,676	2,988
Deferred income taxes attributable to consolidated VIEs	$838	$0

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Real estate revenues:	'	'	'	'
Lease revenues	$148,253	$73,984	$271,320	$146,444
Reimbursable tenant costs	5,749	3,040	11,763	6,157
Operating property revenues	8,251	231	13,244	458
Lease termination income and other	14,481	402	15,479	1,082
Total real estate revenue	176,734	77,657	311,806	154,141
Revenues from the Managed REITs:	'	'	'	'
Reimbursable costs	41,925	15,467	81,657	27,435
Structuring revenue	17,254	6,422	35,005	12,764
Asset management revenue	9,045	10,355	18,822	20,369
Dealer manager fees	7,949	2,320	14,626	3,542
Revenue from affiliates	76,173	34,564	150,110	64,110
Total revenues	252,907	112,221	461,916	218,251
Operating Expenses	'	'	'	'
Depreciation and amortization	63,445	29,772	116,118	59,147
Reimbursable tenant and affiliate costs	47,674	18,507	93,420	33,592
General and administrative	19,133	14,545	41,802	31,596
Property expenses, excluding reimbursable tenant costs	11,209	2,282	19,627	4,047
Stock-based compensation expense	7,957	8,429	15,000	17,578
Dealer manager fees and expenses	6,285	3,163	11,710	5,126
Subadvisor fees	2,451	985	2,469	1,670
Impairment charges	2,066	0	2,066	0
Merger and acquisition expenses	1,137	3,128	30,751	3,249
Total operating expenses	161,357	80,811	332,963	156,005
Other Income and Expenses	'	'	'	'
Net income from equity investments in real estate and the Managed REITs	9,452	32,541	23,714	43,197
Gain on change in control of interests	0	0	104,645	0
Interest expense	-47,733	-25,750	-86,808	-51,334
Other income and (expenses)	-883	2,450	-6,335	3,849
Total other income and expenses	-39,164	9,241	35,216	-4,288
Income from continuing operations before income taxes	52,386	40,651	164,169	57,958
(Provision for) benefit from income taxes	-8,053	1,134	-10,293	2,341
Income from continuing operations before loss on sale of real estate	44,333	41,785	153,876	60,299
Income from discontinued operations, net of tax	26,460	4,364	32,853	1,688
Loss on sale of real estate, net of tax	-3,821	-333	-3,742	-332
Net Income	66,972	45,816	182,987	61,655
Net income attributable to noncontrolling interests	-2,344	-2,692	-3,921	-4,400
Net loss (income) attributable to redeemable noncontrolling interest	111	43	-151	93
Net Income Attributable to W. P. Carey	64,739	43,167	178,915	57,348
Basic Earnings Per Share	'	'	'	'
Income from continuing operations attributable to W. P. Carey (in dollars per share)	$0.38	$0.57	$1.53	$0.81
Income (loss) from discontinued operations attributable to W. P. Carey (in dollars per share)	$0.26	$0.06	$0.35	$0.02
Net Income Attributable to W. P. Carey (in dollars per share)	$0.64	$0.63	$1.88	$0.83
Diluted Earnings Per Share	'	'	'	'
Income from continuing operations attributable to W. P. Carey (in dollars per share)	$0.38	$0.56	$1.52	$0.80
Income (loss) from discontinued operations attributable to W. P. Carey (in dollars per share)	$0.26	$0.06	$0.34	$0.01
Net Income Attributable to W. P. Carey (in dollars per share)	$0.64	$0.62	$1.86	$0.81
Weighted Average Shares Outstanding	'	'	'	'
Basic (in shares)	100,236,362	68,406,771	94,855,067	68,776,108
Diluted (in shares)	100,995,225	69,493,902	95,857,916	69,870,849
Amounts Attributable to W. P. Carey	'	'	'	'
Income from continuing operations, net of tax	38,236	39,133	145,884	56,268
Income from discontinued operations, net of tax	26,503	4,034	33,031	1,080
Net Income Attributable to W. P. Carey	$64,739	$43,167	$178,915	$57,348
Distributions Declared Per Share	$0.90	$0.84	$1.80	$1.66

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net Income	$66,972	$45,816	$182,987	$61,655
Other Comprehensive (Loss) Income	'	'	'	'
Foreign currency translation adjustments	-1,590	5,094	2,956	-4,658
Realized and unrealized (loss) gain on derivative instruments	-1,767	2,080	-4,564	5,255
Change in unrealized (depreciation) appreciation on marketable securities	-5	0	12	0
Net current period other comprehensive income	-3,362	7,174	-1,596	597
Comprehensive Income	63,610	52,990	181,391	62,252
Amounts Attributable to Noncontrolling Interests	'	'	'	'
Net income attributable to noncontrolling interests	-2,344	-2,692	-3,921	-4,400
Foreign currency translation adjustments	113	-742	448	1,047
Comprehensive income attributable to noncontrolling interests	-2,231	-3,434	-3,473	-3,353
Amounts Attributable to Redeemable Noncontrolling Interest	'	'	'	'
Net loss (income) attributable to redeemable noncontrolling interest	111	43	-151	93
Foreign currency translation adjustments	21	-2	27	21
Comprehensive loss (income) attributable to redeemable noncontrolling interest	132	41	-124	114
Comprehensive Income Attributable to W. P. Carey	$61,511	$49,597	$177,794	$59,013

Consolidated_Statement_of_Equi

Consolidated Statement of Equity (Unaudited) (USD $)	Total	$0.001 Par Value Common Stock	Additional Paid-in Capital	Distributions in Excess of Accumulated Earnings	Deferred Compensation Obligation	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total W.P. Carey Members	Noncontrolling interest
In Thousands, except Share data, unless otherwise specified
Balance - beginning of period at Dec. 31, 2012	$2,257,323	$69	$2,175,820	($172,182)	$8,358	($4,649)	($20,270)	$1,987,146	$270,177
Beginning equity balance - shares at Dec. 31, 2012	'	68,485,525	'	'	'	'	'	'	'
W.P. Carey Stockholders	'	'	'	'	'	'	'	'	'
Reclassification of Estate shareholder shares	40,000	'	40,000	'	'	'	'	40,000	'
Exercise of stock options and employee purchase under the employee share purchase plan, value	2,312	'	2,312	'	'	'	'	2,312	'
Exercise of stock options and employee purchase under the employee share purchase plan, shares	'	55,423	'	'	'	'	'	'	'
Grants issued in connection with services rendered, shares	'	295,304	'	'	'	'	'	'	'
Shares issued under share incentive plans, value	-9,183	'	-9,183	'	'	'	'	-9,183	'
Shares issued under share incentive plans, shares	'	47,289	'	'	'	'	'	'	'
Contributions from noncontrolling interest	65,145	'	'	'	'	'	'	'	65,145
Windfall tax benefits - share incentive plan	12,817	'	12,817	'	'	'	'	12,817	'
Amortization of stock-based compensation expense	37,196	'	34,737	'	2,459	'	'	37,196	'
Distributions to noncontrolling interests	-71,820	'	'	'	'	'	'	'	-71,820
Distributions declared	-244,734	'	'	-245,271	537	'	'	-244,734	'
Purchase of treasury stock from related party, value	-40,000	'	'	'	'	'	-40,000	-40,000	'
Purchase of treasury stock from related party, shares	'	-616,971	'	'	'	'	'	'	'
Foreign currency translation	-5	'	'	'	'	'	'	'	-5
Net income	131,812	'	'	98,876	'	'	'	98,876	32,936
Other comprehensive income (loss):	'	'	'	'	'	'	'	'	'
Foreign currency translation adjustments	21,848	'	'	'	'	19,965	'	19,965	1,883
Realized and unrealized gain (loss) on derivative instruments	20	'	'	'	'	20	'	20	'
Balance - end of period at Dec. 31, 2013	2,202,731	69	2,256,503	-318,577	11,354	15,336	-60,270	1,904,415	298,316
Ending equity balance - shares at Dec. 31, 2013	68,266,570	68,266,570	'	'	'	'	'	'	'
W.P. Carey Stockholders	'	'	'	'	'	'	'	'	'
Purchase of the remaining interests in less-than-wholly-owned investments that we already consolidate in connection with the CPA®:16 Merger	'	'	-42,000	'	'	'	'	'	'
Balance - end of period at Mar. 31, 2014	'	'	'	'	'	'	'	'	'
Balance - beginning of period at Dec. 31, 2013	2,202,731	69	2,256,503	-318,577	11,354	15,336	-60,270	1,904,415	298,316
Beginning equity balance - shares at Dec. 31, 2013	68,266,570	68,266,570	'	'	'	'	'	'	'
W.P. Carey Stockholders	'	'	'	'	'	'	'	'	'
Shares issued to stockholders of CPA:16 in connection with the CPA:16 Merger, value	1,815,521	31	1,815,490	'	'	'	'	1,815,521	'
Shares issued to stockholders of CPA:16 in connection with the CPA:16 Merger, shares	'	30,729,878	'	'	'	'	'	'	'
Purchase of the remaining interests in less-than-wholly-owned investments that we already consolidate in connection with the CPA®:16 Merger	-280,936	'	-41,374	'	'	'	'	-41,374	-239,562
Purchase of noncontrolling interests in connection with the CPA®:16 Merger	99,947	'	'	'	'	'	'	'	99,947
Exercise of stock options and employee purchase under the employee share purchase plan, value	1,184	'	1,184	'	'	'	'	1,184	'
Exercise of stock options and employee purchase under the employee share purchase plan, shares	'	23,506	'	'	'	'	'	'	'
Grants issued in connection with services rendered, shares, value	-15,736	'	-15,736	'	'	'	'	-15,736	'
Grants issued in connection with services rendered, shares	'	352,188	'	'	'	'	'	'	'
Shares issued under share incentive plans, value	-534	'	-534	'	'	'	'	-534	'
Shares issued under share incentive plans, shares	'	18,683	'	'	'	'	'	'	'
Deferral of vested shares	'	'	-15,428	'	15,428	'	'	'	'
Contributions from noncontrolling interest	314	'	'	'	'	'	'	'	'
Windfall tax benefits - share incentive plan	5,449	'	5,449	'	'	'	'	5,449	'
Amortization of stock-based compensation expense	15,000	'	15,000	'	'	'	'	15,000	'
Redemption value adjustment	306	'	306	'	'	'	'	306	'
Distributions to noncontrolling interests	-11,185	'	'	'	'	'	'	'	-11,185
Distributions declared	-180,777	'	3,179	-187,798	3,842	'	'	-180,777	'
Purchase of treasury stock from related party, value	-678	'	'	'	'	'	-678	-678	'
Purchase of treasury stock from related party, shares	'	-11,037	'	'	'	'	'	'	'
Foreign currency translation	4	'	'	'	'	'	'	'	4
Net income	182,836	'	'	178,915	'	'	'	178,915	3,921
Other comprehensive income (loss):	'	'	'	'	'	'	'	'	'
Foreign currency translation adjustments	2,983	'	'	'	'	3,431	'	3,431	-448
Realized and unrealized gain (loss) on derivative instruments	-4,564	'	'	'	'	-4,564	'	-4,564	'
Change in unrealized appreciation on marketable securities	12	'	'	'	'	12	'	12	'
Balance - end of period at Jun. 30, 2014	$3,831,563	$100	$4,024,039	($327,460)	$30,624	$14,215	($60,948)	$3,680,570	$150,993
Ending equity balance - shares at Jun. 30, 2014	99,379,788	99,379,788	'	'	'	'	'	'	'

Consolidated_Statement_of_Equi1

Consolidated Statement of Equity (Unaudited) (Parentheticals) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Statement of Stockholders' Equity [Abstract]	'	'	'	'	'
Per shares distributions declared	$0.90	$0.84	$1.80	$1.66	$3.39

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash Flows — Operating Activities	'	'
Net income	$182,987	$61,655
Adjustments to net income:	'	'
Depreciation and amortization, including intangible assets and deferred financing costs	123,908	67,658
Gain on change in control of interests	-104,645	0
Gain on sale of real estate	-23,930	-50
Straight-line rent and amortization of rent-related intangibles	23,350	9,646
Management income received in shares of Managed REITs and other	-18,045	-20,215
Stock-based compensation expense	15,000	17,578
Impairment charges	2,066	4,950
Income from equity investments in real estate and the Managed REITs in excess of distributions received	-1,815	-22,338
Unrealized gain on foreign currency transactions and other	-1,412	-3,220
Amortization of deferred revenue	-786	-4,718
Realized (gain) loss on extinguishment of debt and other	-344	181
Payments for withholding taxes upon delivery of equity-based awards and exercises of stock options	-16,271	-10,435
Increase in income taxes, net	-12,538	-11,507
Deferred acquisition revenue received	11,153	12,402
Increase in structuring revenue receivable	-10,842	-2,285
Decrease (increase) in prepaid taxes	5,721	-16,143
Net changes in other operating assets and liabilities	-4,920	-11,706
Net Cash Provided by Operating Activities	168,637	71,453
Cash Flows — Investing Activities	'	'
Proceeds from sale of real estate and equity investments	280,795	48,902
Funds placed in escrow	-242,370	-73,993
Funds released from escrow	139,254	95,536
Purchases of real estate	-88,334	-183,554
Cash acquired in connection with the CPA®:16 Merger	65,429	0
Capital expenditures	-13,477	-5,806
Loan to affiliate	-11,000	0
Distributions received from equity investments in real estate and the Managed REITs in excess of equity income	8,889	21,907
Purchase of securities for the defeasance of debt	-7,664	0
Cash paid to stockholders of CPA®:16 – Global in the CPA®:16 Merger	-1,338	0
Proceeds from repayment of short-term loans	1,155	0
Other investing activities, net	-740	176
Capital contributions to equity investments	-459	-1,455
Net Cash Provided by (Used in) Investing Activities	131,620	-98,639
Cash Flows — Financing Activities	'	'
Repayments of senior credit facility	-1,310,000	-98,000
Proceeds from senior credit facility and unsecured term loan	1,042,627	230,000
Proceeds from issuance of senior unsecured notes	498,195	0
Prepayments of mortgage principal	-201,820	-40,492
Distributions paid	-158,312	-102,923
Scheduled payments of mortgage principal	-61,608	-81,344
Payment of financing costs and mortgage deposits, net of deposits refunded	-12,192	-305
Distributions paid to noncontrolling interests	-12,026	-15,228
Proceeds from mortgage financing	6,550	99,000
Windfall tax benefit associated with stock-based compensation awards	5,449	11,556
Proceeds from exercise of stock options	1,184	1,970
Purchase of treasury stock from related party	-677	-40,000
Funds placed in escrow	-588	-463
Contributions from noncontrolling interests	314	2,830
Net Cash Used in Financing Activities	-202,904	-33,399
Change in Cash and Cash Equivalents During the Period	'	'
Effect of exchange rate changes on cash	99	-554
Net increase (decrease) in cash and cash equivalents	97,452	-61,139
Cash and cash equivalents, beginning of period	117,519	123,904
Cash and cash equivalents, end of period	$214,971	$62,765

Consolidated_Statements_of_Cas1

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) (USD $)	0 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2014
	CPA: 16 - Global
Total Consideration	'
Fair value of W.P.Carey shares of common stock issued	$1,815,521
Cash consideration for fractional shares	1,338
Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA:16 prior to the CPA:16 Merger	348,448
Fair value of noncontrolling interests acquired	-278,187
Total Consideration	2,059,840
Assets Acquired at Fair Value	'
Net investments in properties	1,970,175
Net investments in direct financing leases	538,225
Equity investments in real estate	74,367
Assets held for sale	133,415
Goodwill	348,876
In-place lease, net	553,723
Above-market rent	395,824
Other assets	82,032
Liabilities Assumed at Fair Value	'
Non-recourse debt and line of credit	-1,768,288
Accounts payable, accrued expenses and other liabilities	-118,389
Below-market rent intangibles	-57,569
Deferred tax liability	-58,347
Amounts attributable to noncontrolling interests	-99,633
Net assets acquired excluding cash	1,994,411
Cash acquired on acquisition of subsidiaries	$65,429

Business_and_Organization

Business and Organization	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Business and Organization	'
	Business and Organization
	W. P. Carey Inc., or W. P. Carey, is, together with its consolidated subsidiaries and predecessors, a real estate investment trust, or REIT, that provides long-term financing via sale-leaseback and build-to-suit transactions for companies worldwide and manages a global investment portfolio. We invest primarily in commercial properties domestically and internationally. We earn revenue principally by leasing the properties we own to single corporate tenants, primarily on a triple-net lease basis, which requires each tenant to pay substantially all of the costs associated with operating and maintaining the property. Through our taxable REIT subsidiaries, or TRSs, we also earn revenue as the advisor to publicly-owned, non-listed REITs under the Corporate Property Associates, or CPA®, brand name, which invest in similar properties. At June 30, 2014, we were the advisor to Corporate Property Associates 17 – Global Incorporated, or CPA®:17 – Global, and Corporate Property Associates 18 – Global Incorporated, or CPA®:18 – Global. We were also the advisor to Corporate Property Associates 16 – Global Incorporated, or CPA®:16 – Global, until its merger with us on January 31, 2014. We refer to CPA®:16 – Global, CPA®:17 – Global, and CPA®:18 – Global as the CPA® REITs. We are also the advisor to Carey Watermark Investors Incorporated, or CWI, and together with CPA® REITs, the Managed REITs, a publicly-owned, non-listed REIT that invests in lodging and lodging-related properties.
	Originally founded in 1973, we reorganized as a REIT in September 2012 in connection with our merger with Corporate Property Associates 15 Incorporated, or CPA®:15. We refer to that merger as the CPA®:15 Merger. Our shares of common stock are listed on the New York Stock Exchange under the symbol “WPC.”
	On January 31, 2014, CPA®:16 – Global merged with and into us based on a merger agreement, dated as of July 25, 2013, which we refer to as the CPA®:16 Merger (Note 3).
	We have elected to be taxed as a REIT under Section 856 through 860 of the Internal Revenue Code. As a REIT, we are not generally subject to United States, or U.S., federal income taxation as long as we satisfy certain requirements, principally relating to the nature of our income and the level of our distributions, as well as other factors. We hold all of our real estate assets attributable to our Real Estate Ownership segment under the REIT structure, while the activities conducted by our Investment Management segment subsidiaries have been organized under TRSs.
	Reportable Segments
	Real Estate Ownership — We own and invest in commercial properties principally in the U.S. and the European Union that are then leased to companies, primarily on a triple-net lease basis. We have also invested in several operating properties, such as lodging and self-storage properties. We earn lease revenues from our wholly-owned and co-owned real estate investments that we control. In addition, we generate equity income through co-owned real estate investments that we do not control and our investments in the shares of the Managed REITs (Note 7). Through our special member interests in the operating partnerships of the Managed REITs, we also participate in their cash flows (Note 4). At June 30, 2014, our owned portfolio was comprised of our full or partial ownership interests in 686 properties, substantially all of which were net leased to 216 tenants, with an occupancy rate of 98.5%, and totaled approximately 81.8 million square feet. Collectively, at June 30, 2014, CPA®:17 – Global and CPA®:18 – Global owned all or a portion of 375 properties, including certain properties in which we have an ownership interest. Substantially all of these properties, totaling approximately 39.6 million square feet, were net leased to 119 tenants, with an average occupancy rate of approximately 99.96%. CPA®:17 – Global, CPA®:18 – Global and CWI also had interests in 100 operating properties for an aggregate of approximately 10.6 million square feet at June 30, 2014.
	Investment Management — Through our TRSs, we structure and negotiate investments and debt placement transactions for the Managed REITs, for which we earn structuring revenue, and manage their portfolios of real estate investments, for which we earn asset-based management revenue. We earn disposition revenue when we negotiate and structure the sale of properties on behalf of the Managed REITs, and we may also earn incentive revenue and receive other compensation in connection with providing liquidity events for the Managed REITs’ stockholders. We are currently considering alternatives for expanding our investment management operations by raising funds in addition to the existing Managed REITs, although there can be no assurance that we will pursue any of these initiatives.  These new funds could invest primarily in assets other than net-lease real estate and include funds raised through publicly traded vehicles, either in the U.S. or internationally.

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	Our interim consolidated financial statements have been prepared, without audit, in accordance with the instructions to Form 10-Q and, therefore, do not necessarily include all information and footnotes necessary for a fair statement of our consolidated financial position, results of operations and cash flows in accordance with accounting principles generally accepted in the U.S., or GAAP.
	In the opinion of management, the unaudited financial information for the interim periods presented in this Report reflects all normal and recurring adjustments necessary for a fair statement of financial position, results of operations and cash flows. Our interim consolidated financial statements should be read in conjunction with our audited consolidated financial statements and accompanying notes for the year ended December 31, 2013, which are included in the 2013 Annual Report, as certain disclosures that would substantially duplicate those contained in the audited consolidated financial statements have not been included in this Report. Operating results for interim periods are not necessarily indicative of operating results for an entire year.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.
	The unaudited consolidated financial statements included in this Report have been retrospectively adjusted to reflect the disposition (or planned disposition) of certain properties as discontinued operations for all periods presented.
	Basis of Consolidation
	Our consolidated financial statements reflect all of our accounts, including those of our controlled subsidiaries and our tenancy-in-common interests as described below. The portion of equity in a consolidated subsidiary that is not attributable, directly or indirectly, to us is presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated.
	At June 30, 2014, we had six investments in tenancy-in-common interests in various domestic and international properties, five of which we consolidate because we own 100% of these investments and account for the remaining jointly-owned investment using the equity method of accounting. Consolidation of the remaining investment is not required as such interest does not qualify as a VIE and do not meet the control requirement required for consolidation. Accordingly, we account for this investment using the equity method of accounting. We use the equity method of accounting because the shared decision-making involved in a tenancy-in-common interest investment provides us with significant influence on the operating and financial decisions of these investments.
	We apply accounting guidance for consolidation of VIEs to certain entities in which the equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. Fixed price purchase and renewal options within a lease as well as certain decision-making rights within a loan can cause us to consider an entity a VIE. In connection with the CPA®:16 Merger, we acquired 12 VIEs. We consider these entities VIEs because the leases have either fixed price purchase or renewal options. In connection with our acquisition of a property during the six months ended June 30, 2014 (Note 5), we assigned the property to a third-party special purpose entity, or SPE, and provided a loan to the SPE to purchase the property. The SPE is funded solely from that loan and does not have any equity investment at risk. As such, the SPE is deemed to be a VIE in which we are the primary beneficiary and which we consolidate.
	Additionally, we own interests in single-tenant net-leased properties leased to companies through noncontrolling interests in partnerships and limited liability companies that we do not control but over which we exercise significant influence. We account for these investments under the equity method of accounting. At times, the carrying value of our equity investments may fall below zero for certain investments. We intend to fund our share of the investments’ future operating deficits should the need arise. However, we have no legal obligation to pay for any of the liabilities of such investments nor do we have any legal obligation to fund operating deficits. At June 30, 2014, none of our equity investments had carrying values below zero.
	In June 2014, we filed a registration statement with the SEC to sell up to $1.0 billion of common stock of Carey Watermark Investors 2 Incorporated, or CWI 2, in an initial public offering plus up to an additional $400.0 million of its common stock under a dividend reinvestment plan. As of the date of this Report, the registration statement has not been declared effective by the SEC and there can be no assurance as to whether or when such offering would be commenced. Through June 30, 2014, the financial activity of CWI 2, which has no significant assets, liabilities or operations, was included in our consolidated financial statements.
	Recent Accounting Requirements
	The following Accounting Standards Updates, or ASUs, promulgated by the Financial Accounting Standards Board are applicable to us:
	ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 does not apply to our rental revenues, but will apply to reimbursed tenant costs and revenues generated from our operating properties and our Investment Management business. Additionally, this guidance modifies disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for us in 2017, and early adoption is not permitted. In adopting ASU 2014-09, companies may use either a full retrospective or a modified retrospective approach. We are currently evaluating the impact of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017.
	ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360). ASU 2014-08 changes the requirements for reporting discontinued operations. A discontinued operation may include a component of an entity or a group of components of an entity, or a business. Under this new guidance, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a “strategic shift that has or will have a major effect on an entity’s operations and financial results.” The new guidance also requires disclosures including pretax profit or loss and significant gains or losses arising from dispositions that represent an “individually significant component of an entity,” but do not meet the criteria to be reported as discontinued operations under ASU 2014-08. In the ordinary course of business we sell properties, which, under prior accounting guidance, we generally reported as discontinued operations; however, under ASU 2014-08 such property dispositions typically would not meet the criteria to be reported as discontinued operations. We elected to early adopt ASU 2014-08 prospectively for all dispositions after December 31, 2013. Consequently, individually significant properties that were sold or classified as held-for-sale during 2014 were not reclassified to discontinued operations in the consolidated financial statements, but have been disclosed in Note 15 to the consolidated financial statements. By contrast, and as required by the new guidance, the results for the current and prior year period reflect as discontinued operations in the consolidated financial statements all dispositions and assets classified as held-for-sale through December 31, 2013 that were deemed under the prior accounting guidance to be discontinued operations, as well as those assets classified as held-for-sale as part of the CPA®:16 Merger. This ASU did not have a significant impact on our financial position or results of operations for any of the periods presented.
	ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU 2013-11 requires an entity to present an unrecognized tax benefit relating to a net operating loss carryforward, a similar tax loss or a tax credit carryforward as a reduction to a deferred tax asset except in certain situations. To the extent the net operating loss carryforward, similar tax loss or tax credit carryforward is not available as of the reporting date under the governing tax law to settle any additional income taxes that would result from the disallowance of the tax position, or the governing tax law does not require the entity to use and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and should not be netted against a deferred tax asset. ASU 2013-11 became effective for us at the beginning of 2014. The adoption of ASU 2013-11 did not have a material impact on our financial condition or results of operations.

Merger_with_CPA16_Global

Merger with CPA®:16 – Global	6 Months Ended
	Jun. 30, 2014
Business Combinations [Abstract]	'
Merger with CPA 16 - Global	'
	Merger with CPA®:16 – Global
	On July 25, 2013, we and CPA®:16 – Global entered into a definitive agreement pursuant to which CPA®:16 – Global would merge with and into one of our wholly-owned subsidiaries, subject to the approval of our stockholders and the stockholders of CPA®:16 – Global. On January 24, 2014, our stockholders and the stockholders of CPA®:16 – Global each approved the CPA®:16 Merger, and the CPA®:16 Merger closed on January 31, 2014.
	In the CPA®:16 Merger, CPA®:16 – Global stockholders received 0.1830 shares of our common stock in exchange for each of their shares of CPA®:16 – Global stock, pursuant to an exchange ratio based upon a value of $11.25 per share of CPA®:16 – Global and the volume weighted average trading price of our common stock for the five consecutive trading days ending on the third trading day preceding the closing of the transaction on January 31, 2014. CPA®:16 – Global stockholders received cash in lieu of any fractional shares in the CPA®:16 Merger. We paid total merger consideration of approximately $1.8 billion, including the issuance of 30,729,878 shares of our common stock with a fair value of $1.8 billion based on the closing price of our common stock on January 31, 2014, of $59.08 per share, to the stockholders of CPA®:16 – Global in exchange for the 168,041,772 shares of CPA®:16 – Global common stock that we and our affiliates did not previously own, and cash of $1.3 million paid in lieu of issuing any fractional shares, or collectively, the Merger Consideration. As a condition of the CPA®:16 Merger, we waived the subordinated disposition and termination fees that we would have been entitled to receive from CPA®:16 – Global upon its liquidation pursuant to the terms of our advisory agreement with CPA®:16 – Global (Note 4).
	Immediately prior to the CPA®:16 Merger, CPA®:16 – Global’s portfolio was comprised of the consolidated full or partial interests in 325 leased properties, substantially all of which were triple-net leased with an average remaining life of 10.4 years and an estimated contractual minimum annualized base rent, or ABR, totaling $300.1 million, and two hotel properties. The related property-level debt was comprised of 92 fixed-rate and 18 variable-rate non-recourse mortgage loans with an aggregate fair value of approximately $1.8 billion and a weighted-average annual interest rate of 5.6% at that date. Additionally, CPA®:16 – Global had a line of credit with an outstanding balance of $170.0 million on the date of the closing of the CPA®:16 Merger (Note 11). In addition, CPA®:16 – Global had equity interests in 18 unconsolidated investments, 11 of which were consolidated by us prior to the CPA®:16 Merger, five of which were consolidated by us subsequent to the CPA®:16 Merger and two of which were jointly-owned with CPA®:17 – Global. These investments owned 140 properties, substantially all of which were triple-net leased with an average remaining life of 8.6 years and an estimated ABR totaling $63.9 million, as of January 31, 2014. The debt related to these equity investments was comprised of 17 fixed-rate and five variable-rate non-recourse mortgage loans with an aggregate fair value of approximately $0.3 billion and a weighted-average annual interest rate of 4.8% on January 31, 2014. The lease revenues and income from continuing operations from the properties acquired from the date of the CPA®:16 Merger through June 30, 2014 were $115.9 million and $35.2 million (inclusive of $1.8 million attributable to noncontrolling interests), respectively, for the six months ended June 30, 2014, and $70.3 million and $27.5 million (inclusive of $1.8 million attributable to noncontrolling interests), respectively, for the three months ended June 30, 2014.
	During the six months ended June 30, 2014, we sold all ten of the properties that were classified as held-for-sale upon acquisition in connection with the CPA®:16 Merger (Note 15). The results of operations for these properties have been included in Income from discontinued operations, net of tax in the consolidated financial statements. In addition, we sold one property subject to a direct financing lease that we acquired in the CPA®:16 Merger (Note 6). The results of operations for this property have been included in Income from continuing operations before income taxes in the consolidated financial statements.
	Preliminary Purchase Price Allocation
	We accounted for the CPA®:16 Merger as a business combination under the acquisition method of accounting. After consideration of all applicable factors pursuant to the business combination accounting rules, we were considered the “accounting acquirer” due to various factors, including the fact that our stockholders held the largest portion of the voting rights in us upon completion of the CPA®:16 Merger. Costs of $30.4 million related to the CPA®:16 Merger were expensed as incurred and classified within Merger and acquisition expenses in the consolidated financial statements for the six months ended June 30, 2014. Costs of $5.0 million were incurred and classified within Merger and acquisition expenses in the consolidated financial statements for the year ended December 31, 2013. In addition, CPA®:16 – Global incurred a total of $10.6 million of merger expenses between 2013 and 2014.
	The purchase price was allocated to the assets acquired and liabilities assumed, based upon their preliminary fair values at January 31, 2014. The fair values of the lease intangibles acquired were measured in a manner consistent with our purchase price allocation policy described in our 2013 Annual Report. During the second quarter of 2014, we identified certain measurement period adjustments that impacted the provisional accounting, which increased the total consideration by $1.9 million, and also increased total identifiable net assets by $2.3 million, and increased amounts attributable to noncontrolling interests by $0.3 million, resulting in a $0.1 million decrease in goodwill. The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed in the acquisition, based on the current best estimate of management. We are in the process of finalizing our assessment of the fair value of the assets acquired and liabilities assumed. Investments in real estate, net investments in direct financing leases, equity investments in real estate, non-recourse debt and amounts attributable to noncontrolling interests were based on preliminary valuation data and estimates. Accordingly, the fair value of these assets and liabilities and the impact to goodwill are subject to change.
	(in thousands)
		Initially Reported at March 31, 2014				Measurement Period Adjustments				As Revised at June 30, 2014
	Total Consideration
	Fair value of W. P. Carey shares of common stock issued	$	1,815,521			$	—			$	1,815,521
	Cash consideration for fractional shares	1,338				—				1,338
	Merger Consideration	1,816,859				—				1,816,859
	Fair value of our equity interest in CPA®:16 – Global prior to the	347,164				1,284				348,448
	CPA®:16 Merger
	Fair value of our equity interest in jointly-owned investments with CPA®:16 – Global prior to the CPA®:16 Merger	172,720				—				172,720
	Fair value of noncontrolling interests acquired	(278,829		)		642				(278,187		)
		$	2,057,914			$	1,926			$	2,059,840
	Assets Acquired at Fair Value
	Net investments in properties	$	1,969,274			$	901			$	1,970,175
	Net investments in direct financing leases	538,607				(382		)		538,225
	Equity investments in real estate	74,367								74,367
	Assets held for sale	132,951				464				133,415
	In-place lease intangible assets	553,479				244				553,723
	Above-market rent intangible assets	395,663				161				395,824
	Cash and cash equivalents	65,429				—				65,429
	Other assets, net	82,032				—				82,032
		3,811,802				1,388				3,813,190
	Liabilities Assumed at Fair Value
	Non-recourse debt and line of credit	(1,768,288		)		—				(1,768,288		)
	Below-market rent and other intangible liabilities	(57,209		)		(360		)		(57,569		)
	Accounts payable, accrued expenses and other liabilities	(118,389		)		—				(118,389		)
	Deferred tax liability	(59,629		)		1,282				(58,347		)
		(2,003,515		)		922				(2,002,593		)
	Total identifiable net assets	1,808,287				2,310				1,810,597
	Amounts attributable to noncontrolling interests	(99,345		)		(288		)		(99,633		)
	Goodwill	348,972				(96		)		348,876
		$	2,057,914			$	1,926			$	2,059,840
	Goodwill
	The $348.9 million of preliminary estimated goodwill recorded in connection with the CPA®:16 Merger was primarily attributable to the $428.5 million premium we agreed to pay for CPA®:16 – Global’s common stock. At the time we entered into the merger agreement in July 2013, the consideration of $11.25 per common share of CPA®:16 – Global represented a premium of $2.55 per share over the December 31, 2012 estimated net asset value per share, or NAV, of CPA®:16 – Global, its most recently published NAV, which was $8.70. Management believes the premium is supported by several factors of the combined entity, including the fact that (i) it is among the largest publicly traded commercial net-lease REITs with greater operating and financial flexibility and better access to capital markets and with a lower cost of capital than CPA®:16 – Global had on a stand-alone basis; (ii) the CPA®:16 Merger eliminated costs associated with the advisory structure that CPA®:16 – Global had previously; and (iii) the combined portfolio has greater tenant and geographic diversification and an improved overall weighted-average debt maturity and interest rate. The aforementioned amount of goodwill attributable to the premium was partially offset by an increase in the fair value of the net assets acquired during the time between the December 31, 2012 NAV and the date of the CPA®:16 Merger.
	The fair value of the 30,729,878 shares of our common stock issued in the CPA®:16 Merger as part of the consideration paid for CPA®:16 – Global of $1.8 billion was derived from the closing market price of our common stock on the acquisition date. As required by GAAP, the fair value related to the assets acquired and liabilities assumed, as well as the shares exchanged, has been computed as of the date we gained control of CPA®:16 – Global, which was the closing date of the CPA®:16 Merger, in a manner consistent with the methodology described above.
	Goodwill acquired in the CPA®:16 Merger is not deductible for income tax purposes.
	Equity Investments and Noncontrolling Interests
	During the first quarter of 2014, we recognized a gain on change in control of interests of approximately $73.1 million, which was the difference between the carrying value of approximately $274.1 million and the preliminary estimated fair value of approximately $347.2 million of our previously-held equity interest in 38,229,294 shares of CPA®:16 – Global’s common stock. During the second quarter of 2014, we identified certain measurement period adjustments that impacted the provisional accounting, which increased the estimated fair value of our previously-held equity interest in shares of CPA®:16 – Global’s common stock by $1.3 million, resulting in an increase of $1.3 million in Gain on change in control of interests. In accordance with Accounting Standard Codification, or ASC, 805-10-25, we did not record the measurement period adjustments during the three months ended June 30, 2014. Rather, such amounts will be reflected in all future financial statements that include the three months ended March 31, 2014.
	The CPA®:16 Merger also resulted in our acquisition of the remaining interests in nine investments in which we already had a joint interest and accounted for under the equity method. Upon acquiring the remaining interests in these investments, we owned 100% of these investments and thus accounted for the acquisitions of these interests utilizing the purchase method of accounting. Due to the change in control of the nine jointly-owned investments that occurred, we recorded a gain on change in control of interests of approximately $30.2 million, which was the difference between our carrying values and the preliminary estimated fair values of our previously-held equity interests on the acquisition date of approximately $142.5 million and approximately $172.7 million, respectively. Subsequent to the CPA®:16 Merger, we consolidate these wholly-owned investments. During the six months ended June 30, 2014, one of these investments was sold and is included in Income from discontinued operations, net of tax in the consolidated financial statements.
	In connection with the CPA®:16 Merger, we also acquired the remaining interests in 12 less-than-wholly-owned investments that we already consolidate and recorded an adjustment to additional paid-in-capital of approximately $42.0 million related to the difference between our carrying values and the preliminary estimated fair values of our previously-held noncontrolling interests on the acquisition date of approximately $236.8 million and approximately $278.2 million, respectively. During the second quarter of 2014, we identified certain measurement period adjustments that impacted the provisional accounting, which increased the fair value of our previously-held noncontrolling interests on the acquisition date by $0.6 million, resulting in a reduction of $0.6 million to additional paid-in-capital.
	The preliminary fair values of our previously-held equity interests and our noncontrolling interests are based on the estimated fair market values of the underlying real estate and related mortgage debt, both of which were determined by management relying in part on a third party. Real estate valuation requires significant judgment. We determined the significant inputs to be Level 3 with ranges for the entire portfolio as follows:
	•	Discount rates applied to the estimated net operating income of each property ranged from approximately 4.75% to 15.25%;
	•	Discount rates applied to the estimated residual value of each property ranged from approximately 4.75% to 14.00%;
	•	Residual capitalization rates applied to the properties ranged from approximately 5.00% to 12.50%;
	•	The fair market value of the property level debt was determined based upon available market data for comparable liabilities and by applying selected discount rates to the stream of future debt payments; and
	•	Discount rates applied to the property level debt cash flows ranged from approximately 1.80% to 8.75%.
	Other than for two investments, no illiquidity adjustments to the equity interests or noncontrolling interests were deemed necessary as the investments were generally held with affiliates and did not allow for unilateral sale or financing by any of the affiliated parties. With respect to the two investments, a discount of 5% was applied in deriving the value of such interest, reflecting the terms of the third-party jointly-owned investments in which the real estate interest is held. The discount and/or capitalization rates utilized in the appraisals also reflect the illiquidity of real estate assets. Lastly, there were no control premiums contemplated as the investments were in individual, or a portfolio of, underlying real estate and debt, as opposed to a business operation.
	Pro Forma Financial Information (Unaudited)
	The following unaudited consolidated pro forma financial information has been presented as if the CPA®:16 Merger had occurred on January 1, 2013 for the three and six months ended June 30, 2014 and 2013. The pro forma financial information is not necessarily indicative of what the actual results would have been had the CPA®:16 Merger occurred on that date, nor does it purport to represent the results of operations for future periods.
	(in thousands, except share and per share amounts):
			Three Months Ended June 30,								Six Months Ended June 30,
			2014				2013				2014			2013
	Pro forma total revenues		$	252,907			$	185,568			$	487,032		$	362,085
	Pro forma net income from continuing operations, net of tax		$	40,469			$	41,225			$	78,409		$	113,700
	Pro forma net income attributable to noncontrolling interests		(2,344		)		(1,807		)		(2,916		)	(2,536		)
	Pro forma net loss (income) attributable to redeemable noncontrolling interest		111				(349		)		(151		)	1,602
Pro forma net income from continuing operations, net of tax attributable to W. P. Carey		$	38,236			$	39,069			$	75,342		$	112,766
Pro forma earnings per share: (a)
Basic		$	0.38			$	0.39			$	0.75		$	1.13
Diluted		$	0.38			$	0.39			$	0.75		$	1.12
Pro forma weighted-average shares: (b)
Basic		100,236,362				99,136,649				99,976,714			99,505,986
Diluted		100,995,225				100,223,780				100,875,283			100,600,727
___________
(a)	The pro forma income attributable to W. P. Carey for the six months ended June 30, 2013 reflects the following income and expenses recognized related to the CPA®:16 Merger as if the CPA®:16 Merger had taken place on January 1, 2013: (i) combined merger expenses through June 30, 2014; (ii) an aggregate gain on change in control of interests of $104.6 million; and (iii) an income tax expense of $4.8 million due to a permanent difference from the recognition of deferred revenue as a result of the accelerated vesting of shares previously issued by CPA®:16 – Global for asset management and performance fees and the payment of deferred acquisition fees in connection with the CPA®:16 Merger.
(b)	The pro forma weighted average shares outstanding for the three and six months ended June 30, 2014 and 2013 were determined as if the 30,729,878 shares of our common stock issued to CPA®:16 – Global stockholders in the CPA®:16 Merger were issued on January 1, 2013.

Agreements_and_Transactions_wi

Agreements and Transactions with Related Parties	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Agreements and Transactions with Related Parties	'
	Agreements and Transactions with Related Parties
	Advisory Agreements with the Managed REITs
	We have advisory agreements with each of the Managed REITs, pursuant to which we earn fees and are entitled to receive cash distributions. The following tables present a summary of revenue earned and/or cash received from the Managed REITs for the periods indicated, included in the consolidated financial statements (in thousands):
		Three Months Ended June 30,					Six Months Ended June 30,
		2014		2013			2014		2013
	Reimbursable costs from affiliates	$	41,925	$	15,467		$	81,657	$	27,435
	Structuring revenue	17,254		6,422			35,005		12,764
	Distributions of Available Cash	5,235		8,677			15,681		16,568
	Asset management revenue (a)	9,022		10,331			18,776		20,324
	Dealer manager fees	7,949		2,320			14,626		3,542
	Deferred revenue earned	—		2,123			786		4,246
	Interest income on deferred acquisition fees and loans to affiliates	163		224			337		479
		$	81,548	$	45,564		$	166,868	$	85,358
		Three Months Ended June 30,					Six Months Ended June 30,
		2014		2013			2014		2013
	CPA®:16 – Global (b)	$	—	$	12,128		$	7,999	$	26,070
	CPA®:17 – Global (c)	16,645		14,617			32,472		29,609
	CPA®:18 – Global (c)	42,654		—			98,831		—
	CWI (c)	22,249		18,819			27,566		29,679
		$	81,548	$	45,564		$	166,868	$	85,358
	___________
	(a)	Excludes amounts received from third parties.
	(b)	Upon completion of the CPA®:16 Merger on January 31, 2014, the advisory agreement with CPA®:16 – Global terminated. Pursuant to the terms of the merger agreement, the incentive or termination fee that we would have been entitled to receive from CPA®:16 – Global pursuant to the terms of their advisory agreement was waived upon the completion of the CPA®:16 Merger. The amount shown for the six months ended June 30, 2014 reflects transactions through January 31, 2014.
	(c)	The current form of the advisory agreement is scheduled to expire on September 30, 2014, unless renewed pursuant to its terms.
	The following table presents a summary of amounts Due from affiliates (in thousands):
		30-Jun-14		31-Dec-13
	Deferred acquisition fees receivable	$	18,515	$	19,684
	Note receivable from CWI, including interest thereon	11,002		—
	Accounts receivable	3,623		3,716
	Current acquisition fees receivable	3,242		4,149
	Organization and offering costs	1,926		2,700
	Reimbursable costs	1,208		334
	Asset management fee receivable	—		1,451
		$	39,516	$	32,034
	Asset Management Revenue
	We earn asset management revenue from each Managed REIT, which is based on average invested assets and is calculated according to the respective advisory agreement. For CPA®:16 – Global, prior to the CPA®:16 Merger, we earned asset management revenue of 0.5% of average invested assets. For CPA®:17 – Global and CPA®:18 – Global, we earn asset management revenue ranging from 0.5% to 1.75% and 0.5% to 1.5%, respectively, depending on the type of investment and based on the average market value or average equity value, as applicable. For CWI, we earn asset management revenue of 0.5% of the average market value of lodging-related investments.
	Under the terms of the advisory agreements, we may elect to receive cash or shares of stock for asset management revenue due from each Managed REIT. In 2014 and 2013, we elected to receive all asset management revenue from CPA®:17 – Global, CPA®:18 – Global and CWI in their respective shares. For 2013, we elected to receive asset management revenue from CPA®:16 – Global in its shares until we agreed to receive those fees in cash commencing August 1, 2013 at the request of a Special Committee of the Board of Directors of CPA®:16 – Global.
	Structuring Revenue
	Under the terms of the advisory agreements, we earn revenue in connection with structuring and negotiating investments and related financing for the Managed REITs, which we call acquisition revenue. We may receive acquisition revenue of 4.5% of the total aggregate cost of long-term net lease investments made by each CPA® REIT. A portion of this revenue (generally 2.5%) is paid when the transaction is completed, while the remainder (generally 2%) is paid in annual installments over three years, provided the relevant CPA® REIT meets its performance criterion. For certain types of non-long term net lease investments acquired on behalf of CPA®:17 – Global, initial acquisition revenue may range from 0% to 1.75% of the equity invested plus the related acquisition revenue, with no deferred acquisition revenue being earned. For CWI, we earn initial acquisition revenue of 2.5% of the total investment cost of the properties acquired and loans originated by CWI not to exceed 6% of the aggregate contract purchase price of all investments and loans, with no deferred acquisition revenue being earned. For CWI, we may also be entitled to fees for structuring loan refinancing transactions of up to 1% of the principal amount. This loan refinancing revenue, together with the acquisition revenue, is referred to as structuring revenue.
	Unpaid transaction fees, including accrued interest, are included in Due from affiliates in the consolidated financial statements. Unpaid transaction fees bear interest at annual rates ranging from 2% to 5%.
	Reimbursable Costs from Affiliates and Dealer Manager Fees
	The Managed REITs reimburse us for certain costs we incur on their behalf, primarily broker-dealer commissions, marketing costs, an annual distribution and shareholder servicing fee, or Shareholder Servicing Fee, and certain personnel and overhead costs. Since October 1, 2012, personnel and overhead costs have been charged to the CPA® REITs based on the trailing 12-month reported revenues of the CPA® REITs, CWI and us. We began to allocate personnel and overhead costs to CWI on January 1, 2014 based on the time incurred by our personnel. For 2014, we agreed to receive personnel cost reimbursements from CWI in shares of its common stock.
	During CWI’s initial public offering, which was terminated in September 2013, we earned a selling commission of $0.70 per share sold and a dealer manager fee of $0.30 per share sold. We currently earn a selling commission of $0.70 per share sold and a dealer manager fee of $0.30 per share sold for CWI’s follow-on offering, which began in December 2013. We also earned a selling commission of $0.65 per share sold and a dealer manager fee of $0.35 per share sold during CPA®:17 – Global’s follow-on offering, which was terminated in January 2013.
	For CPA®:18 – Global’s initial public offering, we receive selling commissions, depending on the class of common stock sold, of $0.70 or $0.14 per share sold, and a dealer manager fee of $0.30 or $0.21 per share sold, for its class A common stock and class C common stock, respectively. CPA®:18 – Global completed sales of its class A common stock during July 2014. We also receive a Shareholder Servicing Fee paid in connection with investor purchases of shares of class C common stock. The amount of the Shareholder Servicing Fee is 1% of the purchase price per share (or, once reported, the amount of the estimated NAV per share) for the shares of class C common stock sold in the offering. The Shareholder Servicing Fee is accrued daily and is payable quarterly in arrears. CPA®:18 – Global will cease paying the Shareholder Servicing Fee on the date at which, in the aggregate, underwriting compensation from all sources, including the Shareholder Servicing Fee, any organizational and offering fee paid for underwriting, and underwriting compensation paid by us, equals 10% of the gross proceeds from the initial public offering.
	We re-allow all of the selling commissions and may re-allow a portion of the dealer manager fees to selected dealers in the offerings for CWI and CPA®:18 – Global. Dealer manager fees that are not re-allowed are classified as Dealer manager fees in the consolidated financial statements.
	Pursuant to its advisory agreement, CWI is obligated to reimburse us for all organization costs and a portion of offering costs incurred in connection with its initial and follow-on public offerings up to a maximum amount (excluding selling commissions and the dealer manager fee) of 2% and 4%, respectively, of the gross proceeds of its offering and distribution reinvestment plan. Through June 30, 2014, we incurred organization and offering costs on behalf of CWI of approximately $11.8 million, which CWI is obligated to reimburse us, and $11.1 million had been reimbursed as of June 30, 2014.
	Pursuant to its advisory agreement, CPA®:18 – Global is obligated to reimburse us for all organization costs and a portion of offering costs incurred in connection with its initial public offering. CPA®:18 – Global is obligated to reimburse us up to 1.5% of the gross proceeds within 60 days after the end of the quarter in which the offering terminates. Through June 30, 2014, we incurred organization and offering costs on behalf of CPA®:18 – Global of approximately $7.1 million, and based on current fundraising projections, the entire amount is expected to be reimbursed by CPA®:18 – Global. As of June 30, 2014, $6.4 million had been reimbursed.
	Distributions of Available Cash and Deferred Revenue Earned
	We are entitled to receive distributions of our proportionate share of earnings up to 10% of the Available Cash from the operating partnerships of each of the Managed REITs, as defined in their respective operating partnership agreements. In May 2011, we acquired a special member interest, or the Special Member Interest, in CPA®:16 – Global’s operating partnership. We initially recorded this Special Member Interest at its fair value, and amortized it into earnings through the date of the CPA®:16 Merger. Cash distributions of our proportionate share of earnings from the Managed REITs’ operating partnerships as well as deferred revenue earned from our Special Member Interest in CPA®:16 – Global’s operating partnership are recorded as Income from equity investments in real estate and the Managed REITs within the Real Estate Ownership segment.
	Other Transactions with Affiliates
	Transactions with the Estate of Wm. Polk Carey
	On March 28, 2013, we received an irrevocable notice from the Estate of Wm. Polk Carey, our chairman and founder who passed away on January 2, 2012, to exercise its final sale option under a Share Purchase Agreement that we entered into in July 2012. On April 4, 2013, we repurchased 616,971 shares of our common stock for $40.0 million from the Estate at a price of $64.83 per share at which time it was recorded as Treasury stock on our consolidated balance sheet.
	The following table presents a reconciliation of our Redeemable securities – related party (in thousands):
		Six Months Ended June 30,
		2014		2013
	Beginning balance	$	—	$	40,000
	Redemption of securities	—		(40,000		)
	Ending balance	$	—	$	—
	Loans to Managed REITs
	During 2013, our board of directors approved unsecured loans from us to CWI and CPA®:18 – Global of up to $50.0 million and up to $100.0 million, respectively, each at a rate equal to the rate at which we are able to borrow funds under our senior credit facility (Note 11), for the purpose of facilitating acquisitions approved by their respective investment committees, that they would not otherwise have sufficient available funds to complete, with any loans to be made solely at our Management’s discretion. On June 25, 2014, in order to facilitate an acquisition by CWI, we made an $11.0 million loan to CWI, with an annual interest rate of LIBOR plus 1.1% and a scheduled maturity date of June 30, 2015. The loan, including accrued interest, was repaid in full prior to maturity on July 22, 2014.
	Treasury Stock
	In February 2014, we repurchased 11,037 shares of our common stock for $0.7 million in cash from the former independent directors of CPA®:16 – Global at a price per share equal to the volume weighted average trading price. These shares were issued to them as Merger Consideration in exchange for their shares of CPA®:16 – Global common stock in the CPA®:16 Merger (Note 3) and were repurchased by agreement in order to satisfy the independence requirements set forth in the organizational documents of the remaining CPA® REITs, for which these individuals also serve as independent directors.
	Other
We own interests in entities ranging from 3% to 90%, as well as jointly-controlled tenancy-in-common interests in properties, with the remaining interests generally held by affiliates, and own common stock in each of the Managed REITs. We consolidate certain of these investments and account for the remainder under the equity method of accounting.

Net_Investments_in_Properties

Net Investments in Properties	6 Months Ended
	Jun. 30, 2014
Real Estate [Abstract]	'
Net Investments in Properties	'
	Net Investments in Properties
	Real Estate
	Real estate, which consists of land and buildings leased to others, at cost, and which are subject to operating leases, and real estate under construction, is summarized as follows (in thousands):
		June 30, 2014			December 31, 2013
	Land	$	1,107,594		$	534,697
	Buildings	3,375,775			1,972,107
	Real estate under construction	14,630			9,521
	Less: Accumulated depreciation	(214,543		)	(168,076		)
		$	4,283,456		$	2,348,249
	As discussed in Note 3, we acquired 225 properties subject to existing operating leases in the CPA®:16 Merger, which increased the carrying value of our real estate by $2.0 billion during the six months ended June 30, 2014. In connection with restructuring two leases, we reclassified properties with an aggregate carrying value of $7.0 million from Net investments in direct financing leases to Real estate during the six months ended June 30, 2014 (Note 6).
	Acquisitions of Real Estate
	During the six months ended June 30, 2014, we entered into the following investments, which were deemed to be business combinations because we assumed the existing leases on the properties, at a total cost of $89.1 million, including land of $13.3 million, building of $60.3 million and net lease intangibles of $15.5 million (Note 8):
	•	an investment of $41.9 million for an office building in Chandler, Arizona on March 26, 2014; and
	•	an investment of $47.2 million for a warehouse/distribution facility in University Park, Illinois on May 15, 2014.
	In connection with these transactions, we expensed acquisition-related costs of $0.2 million, which are included in Merger and acquisition costs in the consolidated financial statements.
	Operating Real Estate
	Operating real estate, which consists of our investments in two hotels acquired in the CPA®:16 Merger and two self-storage properties, at cost, is summarized as follows (in thousands):
		June 30, 2014			December 31, 2013
	Land	$	7,027		$	1,097
	Buildings	77,517			4,927
	Less: Accumulated depreciation	(2,612		)	(882		)
		$	81,932		$	5,142
	Assets Held for Sale
	Below is a summary of our properties held for sale (in thousands):
		30-Jun-14			31-Dec-13
	Real estate, net	$	—		$	62,466
	Above-market rent intangible assets, net	—			13,872
	In-place lease intangible assets, net	—			12,293
	Below-market rent and other intangible liabilities, net	—			(1,808		)
	Assets held for sale	$	—		$	86,823
	At December 31, 2013, we had nine properties classified as Assets held for sale, all of which were sold during the six months ended June 30, 2014. In connection with the CPA®:16 Merger in January 2014, we acquired ten properties that were classified as Assets held for sale with a total fair value of $133.4 million, all of which were sold during the six months ended June 30, 2014. The results of operations for these properties are reflected in the consolidated financial statements as discontinued operations (Note 15).
	During the six months ended June 30, 2014, we reclassified one property with a carrying value of $1.3 million to Assets held for sale, which was then subsequently sold. The results of operations for this property are included within continuing operations in the consolidated financial statements.

Finance_Receivables

Finance Receivables	6 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Finance Receivables	'
	Finance Receivables
	Assets representing rights to receive money on demand or at fixed or determinable dates are referred to as finance receivables. Our finance receivables portfolio consists of our Net investments in direct financing leases, notes receivable and deferred acquisition fees. Operating leases are not included in finance receivables as such amounts are not recognized as an asset in the consolidated balance sheets.
	Net Investments in Direct Financing Leases
	Net investments in direct financing leases is summarized as follows (in thousands):
		June 30, 2014				December 31, 2013
	Minimum lease payments receivable	$	1,018,305			$	466,182
	Unguaranteed residual value	881,192				363,903
		1,899,497				830,085
	Less: unearned income	(1,019,497		)		(466,665		)
		$	880,000			$	363,420
	Interest income from direct financing leases, which was included in Lease revenues in the consolidated financial statements, was $21.4 million and $9.4 million for the three months ended June 30, 2014 and 2013, respectively, and $38.6 million and $18.8 million for the six months ended June 30, 2014 and 2013, respectively. In connection with the CPA®:16 Merger in January 2014, we acquired 98 properties subject to direct financing leases with a total fair value of $538.2 million (Note 3), of which one was sold during three months ended June 30, 2014 (Note 15). During the six months ended June 30, 2014, we reclassified properties with a carrying value of $7.0 million from Net investments in direct financing leases to Real estate (Note 5), in connection with the restructuring of the underlying leases. At June 30, 2014 and December 31, 2013, Other assets, net included $2.3 million and $0.1 million, respectively, of accounts receivable related to amounts billed under these direct financing leases.
	Notes Receivable
	At June 30, 2014, our notes receivable, which were included in Other assets, net on the consolidated financial statements, consisted of the following:
	•	A note we acquired in the CPA®:16 Merger with a carrying value of $11.1 million, representing the expected future payments under a sales type lease; and
	•	A B-note we acquired in the CPA®:16 Merger with a carrying value of $9.9 million. This note has a fixed annual interest rate of 6.3% and a maturity date of February 11, 2015.
	Deferred Acquisition Fees Receivable
	As described in Note 4, we earn revenue in connection with structuring and negotiating investments and related mortgage financing for the CPA® REITs. A portion of this revenue is due in equal annual installments over three years, provided the CPA® REITs meet their respective performance criteria. Unpaid deferred installments, including accrued interest, from the CPA® REITs were included in Due from affiliates in the consolidated financial statements.
	Credit Quality of Finance Receivables
	We generally seek investments in facilities that we believe are critical to a tenant’s business and that we believe have a low risk of tenant default. At both June 30, 2014 and December 31, 2013, none of the balances of our finance receivables were past due and we had not established any allowances for credit losses. There were no modifications of finance receivables during the six months ended June 30, 2014 or the year ended December 31, 2013. We evaluate the credit quality of our finance receivables utilizing an internal five-point credit rating scale, with one representing the highest credit quality and five representing the lowest. The credit quality evaluation of our finance receivables was last updated in the second quarter of 2014. We believe the credit quality of our deferred acquisition fees receivable falls under category one, as the CPA® REITs are expected to have the available cash to make such payments.
	A summary of our finance receivables by internal credit quality rating is as follows (dollars in thousands):
			Number of Tenants				Net Investments in Direct Financing Leases at
	Internal Credit Quality Indicator		June 30, 2014		December 31, 2013		June 30, 2014		December 31, 2013
	1		4		3		$	86,064	$	42,812
	2		3		3		27,630		27,869
	3		21		8		622,001		284,968
	4		7		1		144,305		7,771
	5		—		—		—		—
							$	880,000	$	363,420
	A summary of our notes receivable by internal credit quality rating is as follows (dollars in thousands):
			Number of Obligors at				Notes Receivable at
	Internal Credit Quality Indicator		June 30, 2014		December 31, 2013		June 30, 2014		December 31, 2013
	1		—		—		$	—	$	—
	2		1		—		9,929		—
	3		1		—		11,074		—
	4		—		—		—		—
	5		—		—		—		—
							$	21,003	$	—

Equity_Investment_in_Real_Esta

Equity Investment in Real Estate and the Managed REITs	6 Months Ended
	Jun. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Equity Investments in Real Estate and the Managed REITs	'
	Equity Investments in Real Estate and the Managed REITs
	We own interests in certain unconsolidated real estate investments with the Managed REITs and also own interests in the Managed REITs. We account for our interests in these investments under the equity method of accounting (i.e., at cost, increased or decreased by our share of earnings or losses, less distributions, plus contributions and other adjustments required by equity method accounting, such as basis differences).
	The following table presents net income from equity investments in real estate and the Managed REITs, which represents our proportionate share of the income or losses of these investments as well as certain adjustments related to other-than-temporary impairment charges and amortization of basis differences related to purchase accounting adjustments (in thousands):
		Three Months Ended June 30,								Six Months Ended June 30,
		2014				2013				2014				2013
	Proportionate share of earnings from equity investments in the Managed REITs	$	769			$	2,717			$	1,549			$	3,544
	Amortization of basis differences on equity investments in the Managed REITs	(118		)		(1,655		)		(508		)		(2,460		)
	Other-than-temporary impairment charges on the Special Member Interest in CPA®:16 – Global’s operating partnership	—				(2,844		)		(735		)		(5,528		)
	Distributions of Available Cash (Note 4)	5,235				8,677				15,681				16,568
	Deferred revenue earned (Note 4)	—				2,123				786				4,246
	Total equity earnings from the Managed REITs	5,886				9,018				16,773				16,370
	Equity earnings from other equity investments	3,662				25,076				7,618				29,932
	Amortization of basis differences on other equity investments	(96		)		(1,553		)		(677		)		(3,105		)
	Net income from equity investments in real estate and the Managed REITs	$	9,452			$	32,541			$	23,714			$	43,197
	Managed REITs
	We own interests in the Managed REITs and account for these interests under the equity method because, as their advisor and through our ownership of their common stock, we do not exert control over, but we do have the ability to exercise significant influence on, the Managed REITs.
	The following table sets forth certain information about our investments in the Managed REITs (dollars in thousands):
			% of Outstanding Shares Owned at						Carrying Amount of Investment at
	Fund		30-Jun-14			31-Dec-13			June 30, 2014 (a) (b)				December 31, 2013 (b)
	CPA®:16 – Global (c)		100	%		18.533	%		$	—			$	282,520
	CPA®:16 – Global operating partnership (d)		100	%		0.015	%		—				813
	CPA®:17 – Global (e)		2.295	%		1.91	%		69,485				57,753
	CPA®:17 – Global operating partnership (f)		0.009	%		0.009	%		—				—
	CPA®:18 – Global		0.101	%		0.127	%		1,226				320
	CPA®:18 – Global operating partnership (g)		0.034	%		0.034	%		209				209
	CWI		0.918	%		0.538	%		6,953				3,369
	CWI operating partnership (h)		0.015	%		0.015	%		—				—
									$	77,873			$	344,984
	___________
	(a)	Includes asset management fees receivable, for which 240,372 shares, 21,554 class A shares and 59,469 shares of CPA®:17 – Global, CPA®:18 – Global and CWI, respectively, were issued during the third quarter of 2014.
	(b)	At June 30, 2014 and December 31, 2013, the aggregate unamortized basis differences on our equity investments in the Management REITs were $15.1 million and $80.5 million, respectively.
	(c)	On January 31, 2014, we acquired all the remaining interests in CPA®:16 – Global, which merged into one of our subsidiaries with our subsidiary as the surviving entity, in the CPA®:16 Merger (Note 3). We received distributions of $6.4 million and $12.5 million from this affiliate during January 2014 and the six months ended June 30, 2013, respectively.
	(d)	During January 2014 and the six months ended June 30, 2013, we recognized other-than-temporary impairment charges of $0.7 million and $5.5 million, respectively, on this investment to reduce the carrying value of our interest in the investment to its estimated fair value (Note 9). In addition, we received distributions of $4.8 million and $7.4 million from this investment during January 2014 and the six months ended June 30, 2013, respectively. On January 31, 2014, we acquired the remaining interests in CPA®:16 – Global’s operating partnership and now consolidate this entity.
	(e)	We received distributions of $2.1 million and $1.3 million from this affiliate during the six months ended June 30, 2014 and 2013, respectively.
	(f)	We received distributions of $9.3 million and $9.1 million from this affiliate during the six months ended June 30, 2014, and 2013, respectively.
	(g)	We received distributions of $0.6 million from this affiliate, which commenced operations in May 2013, during the six months ended June 30, 2014.
	(h)	We received distributions of $1.1 million from this affiliate during the six months ended June 30, 2014.
	The following tables present estimated combined summarized financial information for the Managed REITs. Certain prior year amounts have been retrospectively adjusted to reflect the impact of discontinued operations. Amounts provided are expected total amounts attributable to the Managed REITs and do not represent our proportionate share (in thousands):
		June 30, 2014				December 31, 2013
	Real estate, net	$	5,433,063			$	7,218,177
	Other assets	2,129,614				2,128,862
	Total assets	7,562,677				9,347,039
	Debt	(3,128,688		)		(4,237,044		)
	Accounts payable, accrued expenses and other liabilities	(451,457		)		(571,097		)
	Total liabilities	(3,580,145		)		(4,808,141		)
	Noncontrolling interests	(163,943		)		(192,492		)
	Stockholders’ equity	$	3,818,589			$	4,346,406
		Three Months Ended June 30,								Six Months Ended June 30,
		2014				2013				2014				2013
	Revenues	$	224,594			$	191,171			$	365,819			$	369,003
	Expenses	(196,673		)		(180,018		)		(331,155		)		(340,649		)
	Income from continuing operations	$	27,921			$	11,153			$	34,664			$	28,354
	Net income attributable to the Managed REITs (a) (b)	$	40,469			$	16,099			$	47,211			$	26,721
	___________
	(a)	Inclusive of impairment charges recognized by the Managed REITs totaling $12.4 million and $21.7 million during the three and six months ended June 30, 2013, respectively. These impairment charges reduced our income earned from these investments by approximately $2.3 million and $4.0 million during the three and six months ended June 30, 2013, respectively. There were no such impairment charges recognized by the Managed REITs during the three and six months ended June 30, 2014.
	(b)	Amounts included net losses on sale of real estate recorded by the Managed REITs totaling $12.5 million for each of the three and six months ended June 30, 2014, respectively, and $16.7 million and $14.0 million during the three and six months ended June 30, 2013, respectively.
	Interests in Other Unconsolidated Real Estate Investments
	We own equity interests in single-tenant net-leased properties that are generally leased to companies through noncontrolling interests (i) in partnerships and limited liability companies that we do not control but over which we exercise significant influence or (ii) as tenants-in-common subject to common control. Generally, the underlying investments are jointly-owned with affiliates. We account for these investments under the equity method of accounting. Earnings for each investment are recognized in accordance with each respective investment agreement. Investments in unconsolidated investments are required to be evaluated periodically. We periodically compare an investment’s carrying value to its estimated fair value and recognize an impairment charge to the extent that the carrying value exceeds fair value and such decline is determined to be other than temporary.
	The following table sets forth our ownership interests in our equity investments in real estate, excluding the Managed REITs, and their respective carrying values (dollars in thousands):
					Ownership Interest at		Carrying Value at
	Lessee		Co-owner(s)		June 30, 2014		June 30, 2014				December 31, 2013
	Same Store Equity Investments (a) (b):
	C1000 Logistiek Vastgoed B.V. (c)		CPA®:17 – Global		15%		$	13,782			$	13,673
Waldaschaff Automotive GmbH and Wagon Automotive Nagold GmbH		CPA®:17 – Global		33%		7,584				7,267
Wanbishi Archives Co. Ltd.		CPA®:17 – Global		3%		389				395
						21,755				21,335
Equity Investments Consolidated After the CPA®:16 Merger (d):
Schuler A.G. (a)		CPA®:16 – Global		100%		—				65,798
Hellweg Die Profi-Baumärkte GmbH		CPA®:16 – Global/ CPA®:17 – Global		63%		—				27,923
& Co. KG (Hellweg 2) (a) (e)
Advanced Micro Devices		CPA®:16 – Global		100%		—				22,392
The Upper Deck Company		CPA®:16 – Global		100%		—				7,518
Del Monte Corporation		CPA®:16 – Global		100%		—				7,145
Builders FirstSource, Inc.		CPA®:16 – Global		100%		—				4,968
PetSmart, Inc.		CPA®:16 – Global		100%		—				3,877
Consolidated Systems, Inc.		CPA®:16 – Global		100%		—				3,176
SaarOTEC (a)		CPA®:16 – Global		100%		—				(639		)
						—				142,158
Equity Investments Acquired in the CPA®:16 Merger
The New York Times Company (f)		CPA®:16 – Global/		45%		74,240				21,543
		CPA®:17 – Global
Frontier Spinning Mills, Inc.		CPA®:17 – Global		40%		15,545				—
Actebis Peacock GmbH (a)		CPA®:17 – Global		30%		6,707				—
						96,492				21,543
Recently Acquired Equity Investment
Beach House JV, LLC (g)		Third Party		N/A(g)		15,105				—
						$	133,352			$	185,036
___________
(a)	The carrying value of this investment is affected by the impact of fluctuations in the exchange rate of the foreign currency.
(b)	Represents equity investments we acquired prior to January 1, 2013.
(c)	This investment represents a tenancy-in-common interest, whereby the property is encumbered by the debt for which we are jointly and severally liable. For this investment, the co-obligor is CPA®:17 – Global and the amount due under the arrangement was approximately $93.8 million at June 30, 2014. Of this amount, $14.1 million represents the amount we agreed to pay and is included within the carrying value of the investment at June 30, 2014.
(d)	We acquired the remaining interests in these investments from CPA®:16 – Global in the CPA®:16 Merger. Subsequent to the CPA®:16 Merger, we consolidate these wholly-owned or majority-owned investments (Note 3).
(e)	We acquired an additional 25% interest in this investment in the CPA®:16 Merger. The remaining interest in this investment is owned by CPA®:17 – Global.
(f)	We acquired an additional 27% interest in this investment in the CPA®:16 Merger. The remaining interest in this investment is owned by CPA®:17 – Global.
(g)	During the six months ended June 30, 2014, we received a preferred equity position in Beach House JV, LLC, as part of the sale of the Soho House investment. The preferred equity interest, which is redeemable on March 13, 2019, has an annual interest rate of 8.5%. The rights under these preferred units allow us to have significant influence over the entity. Accordingly, we account for this investment using the equity method of accounting. We own 100 redeemable preferred units and zero common units of Beach House JV LLC.
We received aggregate distributions of $5.5 million and $6.9 million from our other unconsolidated real estate investments for the six months ended June 30, 2014 and 2013, respectively. At June 30, 2014 and December 31, 2013, the aggregate unamortized basis differences on our unconsolidated real estate investments were $5.8 million and $16.6 million, respectively.

Goodwill_and_Other_Intangibles

Goodwill and Other Intangibles	6 Months Ended
	Jun. 30, 2014
Goodwill And Intangible Assets Liabilities Disclosure [Abstract]	'
Goodwill and Other Intangibles	'
	Goodwill and Other Intangibles
	In connection with our acquisitions of properties, we have recorded net lease intangibles that are being amortized over periods ranging from one year to 40 years. In addition, we have several ground lease intangibles that are being amortized over periods up to 134 years. In-place lease and above-market rent are included in In-place lease intangible assets, net and Above-market rent intangible assets, net, respectively, in the consolidated financial statements. Tenant relationship, below-market ground lease (as lessee), trade name, management contracts and software license intangibles are included in Other assets, net in the consolidated financial statements. Below-market rent, above-market ground lease (as lessee), and below-market purchase option intangibles are included in Below-market rent and other intangible liabilities, net in the consolidated financial statements.
	In connection with our investment activity during the six months ended June 30, 2014, including primarily the properties we acquired through the CPA®:16 Merger, we recorded net lease intangibles comprised as follows (life in years, dollars in thousands):
		Weighted-Average		Amount
		Life
	Amortizable Intangible Assets
	In-place lease	12		$	571,680
	Above-market rent	12.3		395,824
	Below-market ground lease	62.7		14,397
				$	981,901
	Amortizable Intangible Liabilities
	Below-market rent	17.9		$	(53,274	)
	Above-market ground lease	31.5		(6,712		)
				$	(59,986	)
	In connection with the CPA®:16 Merger, we recorded preliminary goodwill of $349.0 million as a result of the Merger Consideration exceeding the fair value of the assets acquired and liabilities assumed (Note 3). During the second quarter of 2014, we identified certain measurement period adjustments that impacted the provisional accounting, which decreased the total fair value of our equity interest in CPA®:16 – Global and noncontrolling interests acquired by $0.1 million. The goodwill was attributed to our Real Estate Ownership reporting unit as it relates to the real estate assets we acquired in the CPA®:16 Merger. The following table presents a reconciliation of our goodwill (in thousands):
		Real Estate Ownership				Investment Management			Total
	Balance at January 1, 2014	$	286,601			$	63,607		$	350,208
	Acquisition of CPA®:16 – Global	343,960				—			343,960
	Adjustments to foreign deferred taxes acquired in business combinations	7,212				—			7,212
	Allocation of goodwill to the cost basis of properties sold or classified as	(2,743		)		—			(2,743		)
	held-for-sale
	Foreign currency translation adjustments	254				—			254
	Balance at June 30, 2014	$	635,284			$	63,607		$	698,891
	Intangible assets, intangible liabilities, and goodwill are summarized as follows (in thousands):
		June 30, 2014										December 31, 2013
		Gross Carrying Amount				Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
	Amortizable Intangible Assets
	Management contracts	$	32,765			$	(32,765	)	$	—		$	32,765		$	(32,395	)	$	370
	Internal-use software development costs	9,223				—			9,223			3,255			—			3,255
		41,988				(32,765		)	9,223			36,020			(32,395		)	3,625
	Lease Intangibles:
	In-place lease	1,108,719				(142,313		)	966,406			551,737			(84,610		)	467,127
	Above-market rent	655,744				(85,246		)	570,498			292,132			(50,157		)	241,975
	Below-market ground lease	19,225				(234		)	18,991			4,386			(22		)	4,364
	Tenant relationship	6,245				(1,739		)	4,506			6,247			(1,656		)	4,591
		1,789,933				(229,532		)	1,560,401			854,502			(136,445		)	718,057
	Unamortizable Goodwill and
	Indefinite-Lived Intangible Assets
	Goodwill	698,891				—			698,891			350,208			—			350,208
	Trade name	3,975				—			3,975			3,975			—			3,975
		702,866				—			702,866			354,183			—			354,183
	Total intangible assets	$	2,534,787			$	(262,297	)	$	2,272,490		$	1,244,705		$	(168,840	)	$	1,075,865
	Amortizable Intangible Liabilities
	Below-market rent	$	(168,723	)		$	17,861		$	(150,862	)	$	(116,939	)	$	11,832		$	(105,107	)
	Above-market ground lease	(13,616		)		825			(12,791		)	(6,896		)	512			(6,384		)
		(182,339		)		18,686			(163,653		)	(123,835		)	12,344			(111,491		)
	Unamortizable Intangible Liabilities
	Below-market purchase option	(16,711		)		—			(16,711		)	(16,711		)	—			(16,711		)
	Total intangible liabilities	$	(199,050	)		$	18,686		$	(180,364	)	$	(140,546	)	$	12,344		$	(128,202	)
	Internal-use software has not yet been placed into service, and accordingly is not yet being amortized.
	Net amortization of intangibles, including the effect of foreign currency translation, was $49.6 million and $21.3 million for the three months ended June 30, 2014 and 2013, respectively, and $89.4 million and $42.3 million for the six months ended June 30, 2014 and 2013, respectively. Amortization of below-market rent and above-market rent is recorded as an adjustment to Lease revenues; amortization of management contracts, in-place lease and tenant relationship intangibles is included in Depreciation and amortization; and amortization of above-market ground lease and below-market ground lease is included in Property expenses.
	Based on the intangible assets and liabilities recorded at June 30, 2014, scheduled annual net amortization of intangibles for the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter is as follows (in thousands):
	Years Ending December 31,		Net Decrease in Lease Revenues				Increase to Amortization/			Net
							Property Expenses
	2014 (remainder)		$	29,035			$	62,735		$	91,770
	2015		55,989				125,920			181,909
	2016		54,320				105,983			160,303
	2017		50,549				101,951			152,500
	2018		47,686				98,909			146,595
	Thereafter		182,014				490,880			672,894
	Total		$	419,593			$	986,378		$	1,405,971

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements
	The fair value of an asset is defined as the exit price, which is the amount that would either be received when an asset is sold or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-tier fair value hierarchy based on the inputs used in measuring fair value. These tiers are: Level 1, for which quoted market prices for identical instruments are available in active markets, such as money market funds, equity securities and U.S. Treasury securities; Level 2, for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument, such as certain derivative instruments including interest rate caps and swaps; and Level 3, for securities that do not fall into Level 1 or Level 2 and for which little or no market data exists, therefore requiring us to develop our own assumptions.
	Items Measured at Fair Value on a Recurring Basis
	The methods and assumptions described below were used to estimate the fair value of each class of financial instrument. For significant Level 3 items we have also provided the unobservable inputs along with their weighted-average ranges.
	Money Market Funds — Our money market funds, which are included in Cash and cash equivalents in the consolidated financial statements, are comprised of government securities and U.S. Treasury bills. These funds were classified as Level 1 as we used quoted prices from active markets to determine their fair values.
	Derivative Assets — Our derivative assets, which are included in Other assets, net in the consolidated financial statements, are comprised of interest rate caps, interest rate swaps and stock warrants (Note 10). The interest rate caps and interest rate swaps were measured at fair value using readily observable market inputs, such as quotations on interest rates, and were classified as Level 2 as these instruments are custom, over-the-counter contracts with various bank counterparties that are not traded in an active market. The stock warrants were measured at fair value using internal valuation models that incorporate market inputs and our own assumptions about future cash flows. We classified these assets as Level 3 because these assets are not traded in an active market.
	Derivative Liabilities — Our derivative liabilities, which are included in Accounts payable, accrued expenses and other liabilities in the consolidated financial statements, are comprised of interest rate swaps and foreign currency forward contracts (Note 10). These derivative instruments were measured at fair value using readily observable market inputs, such as quotations on interest rates. These derivative instruments were classified as Level 2 because they are custom, over-the-counter contracts with various bank counterparties that are not traded in an active market.
	Redeemable Noncontrolling Interest — We account for the noncontrolling interest in W. P. Carey International, LLC, or WPCI, held by a third party as a redeemable noncontrolling interest (Note 13). We determined the valuation of the redeemable noncontrolling interest using widely accepted valuation techniques, including expected discounted cash flows of the investment as well as the income capitalization approach, which considers prevailing market capitalization rates. We classified this liability as Level 3. At June 30, 2014, unobservable inputs for WPCI include a discount for lack of marketability, a discount rate and earnings before interest, taxes, depreciation and amortization multiples with weighted-average ranges of 20% - 30%, 22% - 26% and 3x - 5x, respectively. Significant increases or decreases in any one of these inputs in isolation would result in significant changes in the fair value measurement.
	We did not have any transfers into or out of Level 1, Level 2, and Level 3 measurements during either the six months ended June 30, 2014 or 2013. In connection with the CPA®:16 Merger, we acquired stock warrants, which had previously been granted by Hellweg 2 to CPA®:16 – Global, and which were classified as Level 3 at June 30, 2014 (Note 10).
	Our other financial instruments had the following carrying values and fair values as of the dates shown (dollars in thousands):
				30-Jun-14						31-Dec-13
			Level	Carrying Value			Fair Value			Carrying Value			Fair Value
	Non-recourse debt (a)		3	$	2,823,415		$	2,840,230		$	1,492,410		$	1,477,497
	Senior unsecured notes (b)		2	498,255			498,255			—			—
	Senior unsecured credit facility (a) (c)		3	476,700			476,700			275,000			275,000
	Notes receivable (a) (d)		3	21,003			21,338			—			—
	Deferred acquisition fees receivable (e)		3	18,515			19,665			19,684			20,733
	Note receivable from CWI (f)		3	11,000			11,000			—			—
	Unsecured term loan (a) (c)		3	—			—			300,000			300,000
	__________
	(a)	We determined the estimated fair value of these financial instruments using a discounted cash flow model with rates that take into account the credit of the tenant/obligor, where applicable, and interest rate risk. We also considered the value of the underlying collateral taking into account the quality of the collateral, the credit quality of the tenant/obligor, the time until maturity and the current market interest rate.
	(b)	We determined the estimated fair value of our senior unsecured notes using quoted market prices in an open market with limited trading volume (Note 11).
	(c)	As described in Note 11, the Prior Senior Credit Facility and the Unsecured Term Loan were repaid and terminated in January 2014.
	(d)	We acquired these notes in the CPA®:16 Merger (Note 6).
	(e)	We determined the estimated fair value of our deferred acquisition fees receivable based on an estimate of discounted cash flows using two significant unobservable inputs, which are the leverage adjusted unsecured spread and an illiquidity adjustment with a weighted-average range of 109 - 355 basis points and 50 - 100 basis points, respectively at June 30, 2014. Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement.
	(f)	In order to facilitate an acquisition by CWI, we made an $11.0 million loan to CWI on June 25, 2014. The loan, including accrued interest, was repaid in full prior to maturity on July 22, 2014 (Note 4).
	We estimated that our other financial assets and liabilities (excluding net investments in direct financing leases) had fair values that approximated their carrying values at both June 30, 2014 and December 31, 2013.
	Items Measured at Fair Value on a Non-Recurring Basis (Including Impairment Charges)
	We periodically assess whether there are any indicators that the value of our real estate investments may be impaired or that their carrying value may not be recoverable. For investments in real estate for which an impairment indicator is identified, we follow a two-step process to determine whether the investment is impaired and to determine the amount of the charge. First, we compare the carrying value of the property’s asset group to the future undiscounted net cash flows that we expect the property’s asset group will generate, including any estimated proceeds from the eventual sale of the property’s asset group. If this amount is less than the carrying value, the property’s asset group is considered to be impaired. We then measure the impairment charge as the excess of the carrying value of the property’s asset group over the estimated fair value of the property’s asset group, which is primarily determined using market information such as recent comparable sales or broker quotes. If relevant market information is not available or is not deemed appropriate, we perform a future net cash flow analysis, discounted for inherent risk associated with each investment. We determined that the significant inputs used to value these investments fall within Level 3 for fair value accounting. As a result of our assessments, we calculated impairment charges based on market conditions and assumptions that existed at the time. The valuation of real estate is subject to significant judgment and actual results may differ materially if market conditions or the underlying assumptions change.
	The following table presents information about our other assets that were measured on a fair value basis (in thousands):
		Three Months Ended June 30, 2014						Three Months Ended June 30, 2013
		Fair Value			Total Impairment			Fair Value			Total Impairment
		Measurements			Charges			Measurements			Charges
	Impairment Charges from Continuing Operations:
	Real estate	$	5,200		$	2,066		$	—		$	—
	Equity investments in real estate	—			—			11,140			2,844
					2,066						2,844
	Impairment Charges from Discontinued Operations:
	Real estate	—			—			6,908			1,279
	Operating real estate	—			—			—			—
					—						1,279
					$	2,066					$	4,123
		Six Months Ended June 30, 2014						Six Months Ended June 30, 2013
		Fair Value			Total Impairment			Fair Value			Total Impairment
		Measurements			Charges			Measurements			Charges
	Impairment Charges from Continuing Operations:
	Real estate	$	5,200		$	2,066		$	—		$	—
	Equity investments in real estate	—			735			11,140			5,528
					2,801						5,528
	Impairment Charges from Discontinued Operations:
	Real estate	—			—			6,908			3,487
	Operating real estate	—			—			3,709			1,071
					—						4,558
					$	2,801					$	10,086
	Significant impairment charges, and their related triggering events and fair value measurements, recognized during the three and six months ended June 30, 2014 and 2013 were as follows:
	Real Estate
	During the three and six months ended June 30, 2014, we recognized an impairment charge of $2.1 million on a property in order to reduce the carrying value of the property to its estimated fair value, which approximated its estimated selling price.
	Equity Investments in Real Estate
	During the six months ended June 30, 2014 and 2013, we recognized other-than-temporary impairment charges of $0.7 million and $5.5 million, respectively, on the Special Member Interest in CPA®:16 – Global’s operating partnership to reduce its carrying value to its estimated fair value, which had declined. The fair value was obtained by estimating discounted cash flows using two significant unobservable inputs, which are the discount rate and the estimated general and administrative costs as a percentage of assets under management with a weighted-average range of 12.75% - 15.75% and 35 - 45 basis points, respectively.
	Properties Sold
	During the six months ended June 30, 2013, we recognized impairment charges on properties sold, including one of our hotels, totaling $4.6 million, to reduce the carrying values of the properties to their estimated selling prices less costs to sell. These impairment charges, which are included in discontinued operations, were the result of reducing these properties’ carrying values to their estimated fair values (Note 15), which approximated their estimated selling prices, in connection with anticipated sales. The fair value measurement related to these impairment charges was determined in part by third-party sources, subject to our corroboration for reasonableness.

Risk_Management_and_Use_of_Der

Risk Management and Use of Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Risk Management and Use of Derivative Financial Instruments	'
	Risk Management and Use of Derivative Financial Instruments
	Risk Management
	In the normal course of our ongoing business operations, we encounter economic risk. There are three main components of economic risk that impact us: interest rate risk, credit risk, and market risk. We are primarily subject to interest rate risk on our interest-bearing liabilities, including our senior credit facility (Note 11), at June 30, 2014. Credit risk is the risk of default on our operations and our tenants’ inability or unwillingness to make contractually required payments. Market risk includes changes in the value of our properties and related loans, as well as changes in the value of our other securities and the shares we hold in the Managed REITs due to changes in interest rates or other market factors. In addition, we own investments in the European Union and Asia and are subject to the risks associated with changing foreign currency exchange rates.
	Derivative Financial Instruments
	When we use derivative instruments, it is generally to reduce our exposure to fluctuations in interest rates and foreign currency exchange rate movements. We have not entered, and do not plan to enter into, financial instruments for trading or speculative purposes. The primary risks related to our use of derivative instruments include default by a counterparty to a hedging arrangement on its obligation and a downgrade in the credit quality of a counterparty to such an extent that our ability to sell or assign our side of the hedging transaction is impaired. While we seek to mitigate these risks by entering into hedging arrangements with counterparties that are large financial institutions that we deem to be creditworthy, it is possible that our hedging transactions, which are intended to limit losses, could adversely affect our earnings. Furthermore, if we terminate a hedging arrangement, we may be obligated to pay certain costs, such as transaction or breakage fees. We have established policies and procedures for risk assessment and the approval, reporting, and monitoring of derivative financial instrument activities.
	We measure derivative instruments at fair value and record them as assets or liabilities, depending on our rights or obligations under the applicable derivative contract. Derivatives that are not designated as hedges must be adjusted to fair value through earnings. For a derivative designated and that qualified as a cash flow hedge, the effective portion of the change in fair value of the derivative is recognized in Other comprehensive (loss) income until the hedged item is recognized in earnings. The ineffective portion of a derivative’s change in fair value is immediately recognized in earnings.
	The following table sets forth certain information regarding our derivative instruments (in thousands):
					Asset Derivatives Fair Value at								Liability Derivatives Fair Value at
	Derivatives Designated as Hedging Instruments		Balance Sheet Location		30-Jun-14				31-Dec-13				30-Jun-14				31-Dec-13
	Interest rate caps		Other assets, net		$	12			$	2			$	—			$	—
	Interest rate swaps		Other assets, net		806				1,618				—				—
	Foreign currency forward contracts (a)		Accounts payable, accrued expenses and other liabilities		—				—				(12,506		)		(7,083		)
	Interest rate swaps (a)		Accounts payable, accrued expenses and other liabilities		—				—				(5,894		)		(2,734		)
	Derivatives Not Designated as Hedging Instruments
	Stock warrants (b)		Other assets, net		3,485				2,160				—				—
	Interest rate swaps (c)		Accounts payable, accrued expenses and other liabilities		—				—				(10,734		)		(11,995		)
	Total derivatives				$	4,303			$	3,780			$	(29,134	)		$	(21,812	)
	__________
	(a)	In connection with the CPA®:16 Merger, we acquired interest rate cap and swaps, and foreign currency forward contracts, which were in a net liability position, had fair values of $2.5 million and $5.1 million, respectively, at June 30, 2014.
	(b)	In connection with the CPA®:16 Merger, we acquired warrants from CPA®:16 – Global, which had previously been granted by Hellweg 2 to CPA®:16 – Global, that had a fair value of $1.3 million at June 30, 2014. These warrants give us participation rights to any distributions made by Hellweg 2 and entitle us to a cash distribution that equals a certain percentage of the liquidity event price of Hellweg 2, should a liquidity event occur.
	(c)	These interest rate swaps do not qualify for hedge accounting; however, they do protect against fluctuations in interest rates related to the underlying variable-rate debt.
	All derivative transactions with an individual counterparty are governed by a master International Swap and Derivatives Association agreement, which can be considered as a master netting arrangement; however, we report all our derivative instruments on a gross basis on our consolidated balance sheets. At both June 30, 2014 and December 31, 2013, no cash collateral had been posted or received for any of our derivative positions.
	The following tables present the impact of our derivative instruments on the consolidated financial statements (in thousands):
			Amount of Gain (Loss) Recognized in
			Other Comprehensive (Loss) Income
			on Derivatives (Effective Portion) (a)
			Three Months Ended June 30,								Six Months Ended June 30,
	Derivatives in Cash Flow Hedging Relationships		2014				2013				2014				2013
	Interest rate swaps		$	(1,431	)		$	2,825			$	(1,617	)		$	3,653
	Interest rate caps		(4		)		13				(21		)		10
	Foreign currency forward contracts		(451		)		(1,070		)		(3,115		)		1,178
	Total		$	(1,886	)		$	1,768			$	(4,753	)		$	4,841
			Amount of Gain (Loss) Reclassified
			from Other Comprehensive
			(Loss) Income into Income (Effective Portion) (b)
			Three Months Ended June 30,								Six Months Ended June 30,
	Derivatives in Cash Flow Hedging Relationships		2014				2013				2014				2013
	Interest rate swaps		$	(634	)		$	441			$	(1,335	)		$	875
	Foreign currency forward contracts		(440		)		23				(824		)		(24		)
	Total		$	(1,074	)		$	464			$	(2,159	)		$	851
					Amount of Gain (Loss) Recognized in Income on Derivatives
	Derivatives Not in Cash Flow Hedging Relationships		Location of Gain (Loss) Recognized in Income		Three Months Ended June 30,								Six Months Ended June 30,
					2014				2013				2014				2013
	Interest rate swaps		Interest expense		$	507			$	1,729			$	985			$	3,408
	Stock warrants		Other income and (expenses)		(134		)		—				(134		)		280
	Total				$	373			$	1,729			$	851			$	3,688
	__________
	(a)	Excludes net gains recognized on unconsolidated jointly-owned investments of less than $0.1 million and $0.3 million for the three months ended June 30, 2014 and 2013, respectively, and less than $0.1 million and $0.4 million for the six months ended June 30, 2014 and 2013, respectively.
	(b)	Excludes net gains recognized on unconsolidated jointly-owned investments of $0.2 million and $0.3 million for the three months ended June 30, 2014 and 2013, respectively, and $0.3 million and $0.4 million for the six months ended June 30, 2014 and 2013, respectively.
	See below for information on our purposes for entering into derivative instruments and for information on derivative instruments owned by unconsolidated investments, which are excluded from the tables above.
	Interest Rate Swaps and Caps
	We are exposed to the impact of interest rate changes primarily through our borrowing activities. To limit this exposure, we attempt to obtain mortgage financing on a long-term, fixed-rate basis. However, from time to time, we or our investment partners may obtain variable-rate non-recourse mortgage loans and, as a result, may enter into interest rate swap agreements or interest rate cap agreements with counterparties. Interest rate swaps, which effectively convert the variable-rate debt service obligations of the loan to a fixed rate, are agreements in which one party exchanges a stream of interest payments for a counterparty’s stream of cash flow over a specific period. The notional, or face, amount on which the swaps are based is not exchanged. Interest rate caps limit the effective borrowing rate of variable-rate debt obligations while allowing participants to share in downward shifts in interest rates. Our objective in using these derivatives is to limit our exposure to interest rate movements.
	The interest rate swaps and caps that we had outstanding on our consolidated subsidiaries at June 30, 2014 are summarized as follows (currency in thousands):
			Number of Instruments		Notional Amount				Fair Value at
									June 30, 2014 (a)
	Interest Rate Derivatives
	Designated as Cash Flow Hedging Instruments
	Interest rate swaps		14		$	131,277			$	(3,846	)
	Interest rate swaps		2		€	8,276			(1,243		)
	Interest rate caps (b)		2		€	109,907			12
	Not Designated as Cash Flow Hedging Instruments
	Interest rate swaps (c)		3		€	108,695			(10,733		)
									$	(15,810	)
__________
(a)	Fair value amounts are based on the exchange rate of the euro at June 30, 2014, as applicable.
(b)	The applicable interest rates of the related debt were 1.3% and 1.2%, which were below the strike prices of the caps of 3.0% and 2.0%, respectively, at June 30, 2014.
(c)	These interest rate swaps do not qualify for hedge accounting; however, they do protect against fluctuations in interest rates related to the underlying variable-rate debt.
Foreign Currency Contracts
We are exposed to foreign currency exchange rate movements, primarily in the euro and, to a lesser extent, the British pound sterling and certain other currencies. We manage foreign currency exchange rate movements by generally placing our debt service obligation on an investment in the same currency as the tenant’s rental obligation to us. This reduces our overall exposure to the net cash flow from that investment. However, we are subject to foreign currency exchange rate movements to the extent of the difference in the timing and amount of the rental obligation and the debt service. Realized and unrealized gains and losses recognized in earnings related to foreign currency transactions are included in Other income and (expenses) in the consolidated financial statements.
In order to hedge certain of our foreign currency cash flow exposures, we enter into foreign currency forward contracts. A foreign currency forward contract is a commitment to deliver a certain amount of currency at a certain price on a specific date in the future. By entering into forward contracts and holding them to maturity, we are locked into a future currency exchange rate for the term of the contract.
The following table presents the foreign currency derivative contracts we had outstanding at June 30, 2014, which were designated as cash flow hedges (currency in thousands):
		Number of Instruments		Notional Amount				Fair Value at
Foreign Currency Derivatives								June 30, 2014 (a)
Foreign currency forward contracts		76		€	170,435			$	(11,376	)
Foreign currency forward contracts		18		£	9,630			(1,130		)
								$	(12,506	)
__________
(a)	Fair value amounts are based on the applicable exchange rate of the foreign currency at June 30, 2014.
Other
Amounts reported in Other comprehensive (loss) income related to interest rate swaps will be reclassified to Interest expense as interest payments are made on our variable-rate debt. Amounts reported in Other comprehensive (loss) income related to foreign currency derivative contracts will be reclassified to Other income and (expenses) when the hedged foreign currency proceeds from foreign operations are repatriated to the U.S. At June 30, 2014, we estimate that an additional $2.6 million and $1.6 million will be reclassified as interest expense and other income, respectively, during the next 12 months.
We measure our credit exposure on a counterparty basis as the net positive aggregate estimated fair value of our derivatives, net of collateral received, if any. No collateral was received as of June 30, 2014. At June 30, 2014, our total credit exposure was $0.2 million and the maximum exposure to any single counterparty was $0.1 million.
Some of the agreements we have with our derivative counterparties contain certain credit contingent provisions that could result in a declaration of default against us regarding our derivative obligations if we either default or are capable of being declared in default on certain of our indebtedness. At June 30, 2014, we had not been declared in default on any of our derivative obligations. The estimated fair value of our derivatives that were in a net liability position was $30.3 million at June 30, 2014, which included accrued interest and any adjustment for nonperformance risk. If we had breached any of these provisions at June 30, 2014, we could have been required to settle our obligations under these agreements at their aggregate termination value of $31.7 million.
Portfolio Concentration Risk
Concentrations of credit risk arise when a number of tenants are engaged in similar business activities or have similar economic risks or conditions that could cause them to default on their lease obligations to us. We regularly monitor our portfolio to assess potential concentrations of credit risk. As a result of the CPA®:16 Merger, our portfolio concentrations at June 30, 2014 changed significantly as compared to December 31, 2013. While we believe our portfolio is reasonably well diversified, it does contain concentrations in excess of 10%, based on the percentage of our ABR as of June 30, 2014, in certain areas, as shown in the table below. The percentages in the table below represent our directly-owned real estate properties and do not include our share of equity investments.
		June 30, 2014
Region:
Total U.S.		66	%
Germany		12	%
Other Europe		21	%
Total Europe		33	%
Other international		1	%
Total international		34	%
Total		100	%
Asset Type:
Office		25	%
Industrial		25	%
Warehouse/Distribution		20	%
Retail		16	%
All other		14	%
Total		100	%
Tenant Industry:
Retail Stores		22	%
Electronics		10	%
All other		68	%
Total		100	%
Significant Tenants:
Hellweg Die Profi-Baumärkte GmbH & Co. KG		7	%
Carrefour France SAS		5	%
U-Haul Moving Partners Inc. and Mercury Partners, LP		5	%
		17	%
There were no significant concentrations, individually or in the aggregate, related to our unconsolidated jointly-owned investments.

Debt

Debt	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Debt	'
	Debt
	Senior Unsecured Credit Facility
	At December 31, 2013, we had a senior credit facility that provided for a $450.0 million unsecured revolving credit facility and a $175.0 million term loan facility, which we refer to collectively as the Prior Senior Credit Facility. On January 31, 2014, we entered into the Second Amended and Restated Credit Agreement in order to increase the maximum aggregate principal amount from $625.0 million to $1.25 billion, which we refer to as the Senior Unsecured Credit Facility, and on that date drew down $765.0 million to repay the Prior Senior Credit Facility, the Unsecured Term Loan discussed below and CPA®:16 – Global’s line of credit, which had an outstanding balance of $170.0 million on the same date, which was the date of the closing of the CPA®:16 Merger. Because we had obtained investment grade ratings in January 2014, all of the guarantors were released from their guarantees under the Senior Unsecured Credit Facility in February 2014. In addition, as a result of the investment grade ratings, certain provisions that restricted the amount we could draw under the Senior Unsecured Credit Facility were no longer applicable. In connection with entering into the Senior Unsecured Credit Facility and the simultaneous repayment of the outstanding balances of the facilities described above and the Unsecured Term Loan, we incurred financing costs totaling $7.9 million included in Other assets, net on the consolidated financial statements, which are being amortized to Interest expense over the remaining terms of the facilities, and recognized a loss on extinguishment of debt of $2.1 million included in Other income and (expenses) on the consolidated financial statements.
	The Senior Unsecured Credit Facility is comprised of a $1.0 billion unsecured revolving credit facility, or the Revolver, and a $250.0 million term loan facility, or the Term Loan Facility. The Revolver matures in 2018 but may be extended by one year at our option, subject to the conditions provided in the Second Amended and Restated Credit Agreement. The Term Loan Facility matures in 2016 but we have two options to extend the maturity by another year. At our election, the principal amount available under the Senior Unsecured Credit Facility may be increased by up to an additional $500.0 million, and may be allocated as an increase to the Revolver and/or the Term Loan Facility, or if the Term Loan Facility has been terminated, an add-on term loan, in each case subject to the conditions to increase provided in the Second Amended and Restated Credit Agreement. The Senior Unsecured Credit Facility also permits (i) up to $500.0 million under the Revolver to be borrowed in certain currencies other than the U.S. dollar, (ii) swing line loans of up to $50.0 million under the Revolver, and (iii) the issuance of letters of credit under the Revolver in an aggregate amount not to exceed $50.0 million. The Senior Unsecured Credit Facility is being used for working capital needs, to refinance our existing indebtedness, for new investments and for other general corporate purposes.
	Borrowings under the Senior Unsecured Credit Facility bear interest, at our election, at a rate equal to either: (i) the Eurocurrency Rate (as defined in the Second Amended and Restated Credit Agreement), or (ii) the Base Rate (as defined in the Second Amended and Restated Credit Agreement), in each case, plus the Applicable Rate (as defined in the Second Amended and Restated Credit Agreement). Since we obtained investment grade ratings as of January 31, 2014, for borrowings under the Revolver, the Applicable Rate on Eurocurrency Rate loans and letters of credit ranges from 0.925% to 1.70% and the Applicable Rate on Base Rate loans ranges from 0.00% to 0.70%. For borrowings under the Term Loan Facility, the Applicable Rate on Eurocurrency Rate loans and letters of credit ranges from 1.00% to 1.95% and the Applicable Rate on Base Rate loans ranges from 0.00% to 0.95%. Swing line loans under the Amended and Restated Credit Facility will bear interest at the Base Rate plus the Applicable Rate then in effect. In addition, we pay a quarterly facility fee ranging from 0.125% to 0.30% on the Revolver. At June 30, 2014, the outstanding balance under the Senior Unsecured Credit Facility was $476.7 million, including the $250.0 million drawn under the Term Loan Facility, $125.0 million borrowed under the Revolver in U.S. dollars and $101.7 million borrowed under the Revolver in euro. In addition, as of June 30, 2014, our lenders had issued letters of credit totaling $1.0 million on our behalf in connection with certain contractual obligations, which reduce amounts that may be drawn under the Revolver. At June 30, 2014, our Revolver had an unused capacity of $773.3 million, excluding amounts reserved for outstanding letters of credit. Based on our credit rating of BBB/Baa2 during the six months ended June 30, 2014, we incurred interest at LIBOR plus 1.10% on the Revolver and LIBOR plus 1.25% on the Term Loan Facility. We also incurred a facility fee of 0.20% on the Revolver during the six months ended June 30, 2014.
	The Senior Unsecured Credit Facility includes customary financial maintenance covenants, including a maximum leverage ratio, maximum secured debt ratio, minimum equity value ratio, minimum fixed charge coverage ratio and minimum unsecured interest coverage ratio. The Senior Unsecured Credit Facility also contains various customary affirmative and negative covenants applicable to us and our subsidiaries, subject to materiality and other qualifications, baskets and exceptions as outlined in the Second Amended and Restated Credit Agreement.
	We are required to ensure that the total Restricted Payments (as defined in the Second Amended and Restated Credit Agreement) in an aggregate amount in any fiscal year does not exceed the greater of (i) 95% of Adjusted Funds from Operations (as defined in the Second Amended and Restated Credit Agreement) and (ii) the amount of Restricted Payments required in order for us to maintain our REIT status. Restricted Payments include quarterly dividends and the total amount of shares repurchased by us, if any, in excess of $100.0 million per year.
	Obligations under the Senior Unsecured Credit Facility may be declared immediately due and payable upon the occurrence of certain events of default as defined in the Second Amended and Restated Credit Agreement, including failure to pay any principal when due and payable, failure to pay interest within five business days after becoming due, failure to comply with any covenant, representation or condition of any loan document, any change of control, cross-defaults, and certain other events as set forth in the Second Amended and Restated Credit Agreement, with grace periods in some cases.
	The Second Amended and Restated Credit Agreement stipulates several financial covenants that require us to maintain certain ratios and benchmarks at the end of each quarter as defined in the Second Amended and Restated Credit Agreement. We were in compliance with all of these covenants at June 30, 2014.
	Senior Unsecured Notes
	In March 2014, we issued $500.0 million in corporate bonds, or the Senior Unsecured Notes, at a price of 99.639% of par value or a $1.8 million discount with a yield to maturity of 4.645% in a registered public offering. These notes have a ten-year term and mature on April 1, 2024 with an annual interest rate of 4.60%. The interest is paid semi-annually on April 1 and October 1, starting on October 1, 2014. The Senior Unsecured Notes can be redeemed at par within three months of maturity, or we can call the notes at any time for the principal, accrued interest and a make-whole amount based upon a rate of the ten-year U.S. Treasury yield plus 30 basis points. The Senior Unsecured Notes were rated Baa2 by Moody’s Investors Services and BBB- by Standard and Poor’s Ratings Services. In connection with this transaction, we incurred financing costs totaling $4.2 million included in Other assets, net on the consolidated financial statements, that are being amortized to Interest expense over the term of the Senior Unsecured Notes. The proceeds from the issuance were used to pay down in part the then-outstanding balance under our Revolver.
	Unsecured Term Loan
	In July 2013, we entered into a credit agreement with the lenders of our Prior Senior Credit Facility for an unsecured term loan of up to $300.0 million, or the Unsecured Term Loan, which we drew down in full on that date. On January 31, 2014, the Unsecured Term Loan was repaid in full using a portion of the amounts drawn down under the Senior Unsecured Credit Facility on that date.
	Non-Recourse Debt
	Non-recourse debt consists of mortgage notes payable, which are collateralized by the assignment of real estate properties with an aggregate carrying value of $3.7 billion and $1.9 billion at June 30, 2014 and December 31, 2013, respectively. At June 30, 2014, our mortgage notes payable bore interest at fixed annual rates ranging from 3.2% to 7.6% and variable contractual annual rates ranging from 1.2% to 7.6%, with maturity dates ranging from 2014 to 2038.
	Financing Activity During the Six Months Ended June 30, 2014 — In connection with the CPA®:16 Merger (Note 3), we assumed property level debt comprised of 18 variable-rate and 97 fixed-rate non-recourse mortgage loans with fair values totaling $161.9 million and $1.4 billion, respectively, on the acquisition date and recorded an aggregate net fair market value adjustment of $9.8 million at that date. The fair market value adjustment will be amortized to interest expense over the remaining lives of the related loans. These fixed-rate and variable-rate mortgages had weighted-average annual interest rates of 5.79% and 3.63%, respectively, on the acquisition date (Note 10).
	During the six months ended June 30, 2014, in connection with our long-term plan to become a primarily unsecured borrower, we prepaid 19 non-recourse mortgage loans with an aggregate outstanding principal balance of $201.8 million, with a weighted-average remaining term of 1.4 years on the date of the prepayments and weighted-average interest rate of 5.3%. In connection with these prepayments, we incurred a net loss on extinguishment of debt of $7.1 million, of which $5.9 million is included in Income from continuing operations before loss on sale of real estate and $1.2 million is included in Income from discontinued operations, net of tax. During the six months ended June 30, 2014, we also paid $7.2 million for the defeasance of a mortgage loan.
	During the six months ended June 30, 2014, we drew down $6.6 million on a construction loan in relation to a build-to-suit transaction.
	Scheduled Debt Principal Payments
	Scheduled debt principal payments during the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter are as follows (in thousands):
	Years Ending December 31,		Total (a)
	2014 (remainder)		$	234,186
	2015		209,010
	2016 (b)		590,778
	2017		800,696
	2018 (c)		525,381
	Thereafter through 2038 (d)		1,435,829
			3,795,880
	Unamortized premium, net (e)		2,490
	Total		$	3,798,370
	__________
	(a)	Certain amounts are based on the applicable foreign currency exchange rate at June 30, 2014.
	(b)	Includes $250.0 million outstanding under our Term Loan Facility at June 30, 2014, which is scheduled to mature on January 31, 2016 unless extended pursuant to its terms.
	(c)	Includes $226.7 million outstanding under our Revolver at June 30, 2014, which is scheduled to mature on January 31, 2018 unless extended pursuant to its terms.
	(d)	Includes $500.0 million of outstanding Senior Unsecured Notes, which are scheduled to mature on April 1, 2024.
	(e)	Represents the unamortized premium of $4.2 million in the aggregate resulting from the assumption of property-level debt in connection with the CPA®:15 Merger and CPA®:16 Merger, partially offset by a $1.7 million unamortized discount on the Senior Unsecured Notes.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	On December 31, 2013, Mr. Ira Gaines and entities affiliated with him commenced a purported class action (Ira Gaines, et al. v. Corporate Property Associates 16 – Global Incorporated, Index. No. 650001/2014, N.Y. Sup. Ct., N.Y. County) against us, WPC REIT Merger Sub Inc., CPA®:16 – Global, and the directors of CPA®:16 – Global. On January 10, 2014, the plaintiffs asked the court to issue a temporary restraining order enjoining the vote of the stockholders of CPA®:16 – Global pending the completion of expedited discovery and a preliminary injunction hearing. On January 13, 2014, after a hearing, the court denied the plaintiffs’ motion for a temporary restraining order enjoining the vote of CPA®:16 – Global’s stockholders, and the CPA®:16 Merger was completed on January 31, 2014. On March 14, 2014, the plaintiffs filed an amended complaint that added Carey Asset Management Corp. as a defendant and alleges (i) breaches of fiduciary duty by the individual defendants, all of whom were members of the board of directors of CPA®:16 – Global, (ii) breaches of fiduciary duty by us, and (iii) that the entity defendants other than us aided and abetted the individual defendants in breaching their fiduciary duties. The amended complaint demands that (i) a class be certified and plaintiffs named as class representatives, (ii) the CPA®:16 Merger be rescinded or rescissory damages be awarded, (iii) damages be awarded, and (iv) plaintiffs’ attorneys fees and other costs be reimbursed. On April 11, 2014, we filed a motion to dismiss the amended complaint. We believe that the plaintiffs’ claims are without merit and are defending the case vigorously.
	Various other claims and lawsuits arising in the normal course of business are pending against us. The results of these proceedings are not expected to have a material adverse effect on our consolidated financial position or results of operations.

StockBased_Compensation_and_Eq

Stock-Based Compensation and Equity	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Stock-Based Compensation and Equity	'
	Stock-Based Compensation and Equity
	We maintain several stock-based compensation plans, which are more fully described in the 2013 Annual Report. There have been no significant changes to the terms and conditions of any of our stock-based compensation plans or arrangements during the six months ended June 30, 2014.
	The total compensation expense (net of forfeitures) for awards issued under these plans was $8.0 million and $8.4 million for the three months ended June 30, 2014 and 2013, respectively, and $15.0 million and $17.6 million for the six months ended June 30, 2014 and 2013, respectively, which is included in Stock-based compensation expense in the consolidated financial statements. The tax benefit recognized by us related to these awards totaled zero for each of the three months ended June 30, 2014 and 2013, respectively, and $17.3 million and $16.0 million for the six months ended June 30, 2014 and 2013, respectively.
	Restricted and Conditional Awards
	Nonvested restricted stock awards, or RSAs, restricted share units, or RSUs, and performance share units, or PSUs, at June 30, 2014 and changes during the six months ended June 30, 2014 were as follows:
		RSA and RSU Awards							PSU Awards
		Shares			Weighted-Average				Shares			Weighted-Average
					Grant Date							Grant Date
					Fair Value							Fair Value
	Nonvested at January 1, 2014	519,608			$	45.19			1,220,720			$	28.28
	Granted (a)	162,962			60.33				89,653			76.05
	Vested (b)	(251,515	)		42.13				(881,388	)		15.04
	Forfeited	(667	)		68.05				—			—
	Adjustment (c)	—			—				430,590			55.04
	Nonvested at June 30, 2014 (d)	430,388			$	52.68			859,575			$	32.74
	__________
	(a)	The grant date fair value of RSAs and RSUs reflect our stock price on the date of grant. The grant date fair value of PSUs were determined utilizing a Monte Carlo simulation model to generate a range of possible future stock prices for both us and the plan defined peer index over the three-year performance period. To estimate the fair value of PSUs granted during the six months ended June 30, 2014, we used a risk-free interest rate of 0.65% and an expected volatility rate of 25.89% (the plan defined peer index assumes 21.77%) and assumed a dividend yield of zero.
	(b)	The total fair value of shares vested during the six months ended June 30, 2014 was $23.9 million. Employees have the option to take immediate delivery of the shares upon vesting or defer receipt to a future date, pursuant to previously-made deferral elections. At June 30, 2014, we had an obligation to issue 889,863 shares of our common stock underlying such deferred shares, which is recorded within W. P. Carey stockholders’ equity as a Deferred compensation obligation of $30.6 million.
	(c)	Vesting and payment of the PSUs is conditioned upon certain company and market performance goals being met during the relevant three-year performance period. The ultimate number of PSUs to be vested will depend on the extent to which the performance goals are met and can range from zero to three times the original awards. In connection with the payment of the PSUs granted in 2011 that were paid out in February 2014, we adjusted the shares during the three months ended March 31, 2014 to reflect the actual number of shares issued. During the three months ended June 30, 2014, we also adjusted the number of PSUs expected to vest based on updated forecasted performance targets. There was no impact on our consolidated financial statements related to these adjustments, as the initial fair value of our PSUs factored in the variability associated with the performance features of these awards.
	(d)	At June 30, 2014, total unrecognized compensation expense related to these awards was approximately $37.3 million, with an aggregate weighted-average remaining term of 1.78 years.
	During the six months ended June 30, 2014, 51,900 stock options were exercised with an aggregate intrinsic value of $1.7 million. At June 30, 2014, there were 566,880 stock options outstanding, of which 495,169 were exercisable.
	Earnings Per Share
	Under current authoritative guidance for determining earnings per share, all unvested share-based payment awards that contain non-forfeitable rights to distributions are considered to be participating securities and therefore are included in the computation of earnings per share under the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common shares and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. Our unvested RSUs and RSAs contain rights to receive non-forfeitable distribution equivalents, and therefore we apply the two-class method of computing earnings per share. The calculation of earnings per share below excludes the income attributable to the unvested RSUs and RSAs from the numerator and such unvested shares in the denominator. The following table summarizes basic and diluted earnings (in thousands, except share amounts):
		Three Months Ended June 30,								Six Months Ended June 30,
		2014				2013				2014				2013
	Net income attributable to W. P. Carey	$	64,739			$	43,167			$	178,915			$	57,348
	Allocation of distribution equivalents paid on unvested RSUs and RSAs in excess of income	(277		)		(316		)		(765		)		(419		)
	Net income – basic	64,462				42,851				178,150				56,929
	Income effect of dilutive securities, net of taxes	(60		)		(24		)		82				(53		)
	Net income – diluted	$	64,402			$	42,827			$	178,232			$	56,876
	Weighted average shares outstanding – basic	100,236,362				68,406,771				94,855,067				68,776,108
	Effect of dilutive securities	758,863				1,087,131				1,002,849				1,094,741
	Weighted average shares outstanding – diluted	100,995,225				69,493,902				95,857,916				69,870,849
	For the three and six months ended June 30, 2014 and 2013, there were no potentially dilutive securities excluded from the computation of diluted earnings per share.
	Redeemable Noncontrolling Interest
	We account for the noncontrolling interest in WPCI held by a third party as a redeemable noncontrolling interest, as we have an obligation to repurchase the interest at fair value, subject to certain conditions. This obligation is required to be settled in shares of our common stock. The third-party interest is reflected at estimated redemption value for all periods presented. On October 1, 2013, we received a notice from the holder of the noncontrolling interest in WPCI regarding the exercise of the put option, pursuant to which we are required to purchase the third party’s
	7.7% interest in WPCI. Pursuant to the terms of the related put agreement, the purchase price is to be determined based on a third-party valuation as of October 31, 2013, which is the end of the month that the put option was exercised. We cannot currently estimate when the redemption will occur and the amount of $6.4 million recorded represents our best estimate of the fair value.
	The following table presents a reconciliation of redeemable noncontrolling interest (in thousands):
			Six Months Ended June 30,
			2014				2013
	Beginning balance		$	7,436			$	7,531
	Redemption value adjustment		(306		)		—
	Net income (loss)		151				(93		)
	Distributions		(836		)		(335		)
	Change in other comprehensive loss		(27		)		(21		)
	Ending balance		$	6,418			$	7,082
	Transfers to Noncontrolling Interests
	The following table presents a reconciliation of the effect of transfers in noncontrolling interest (in thousands):
			Six Months Ended June 30,
			2014				2013
	Net income attributable to W. P. Carey		$	178,915			$	57,348
	Transfers to noncontrolling interest
	Decrease in W. P. Carey’s additional paid-in capital for purchases of less-than-wholly-owned investments in connection with the CPA®:16 Merger (a)		(41,374		)		—
	Net transfers to noncontrolling interest		(41,374		)		—
	Change from net income attributable to W. P. Carey and transfers to noncontrolling interest		$	137,541			$	57,348
	__________
	(a)	During the second quarter of 2014, we identified certain measurement period adjustments that impacted the provisional accounting, which increased the fair value of our previously-held noncontrolling interests on the acquisition date by $0.6 million, resulting in a reduction of $0.6 million to additional paid-in-capital.
	The following tables present a reconciliation of changes in Accumulated other comprehensive income by component for the periods presented (in thousands):
		Three Months Ended June 30, 2014
		Realized and Unrealized Gains (Losses) on Derivative Instruments				Foreign Currency Translation Adjustments				Unrealized Appreciation (Depreciation) on Marketable Securities				Total
	Beginning balance	$	(10,285	)		$	27,680			$	48			$	17,443
	Other comprehensive loss before reclassifications	(3,001		)		(1,590		)		(5		)		(4,596		)
	Amounts reclassified from accumulated other comprehensive income to:
Interest expense	634				—				—				634
Other income and (expenses)	440				—				—				440
Net income from equity investments in real estate and the Managed REITs	160				—				—				160
Total	1,234				—				—				1,234
Net current period other comprehensive loss	(1,767		)		(1,590		)		(5		)		(3,362		)
Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	—				134				—				134
Ending balance	$	(12,052	)		$	26,224			$	43			$	14,215
	Three Months Ended June 30, 2013
	Realized and Unrealized Gains (Losses) on Derivative Instruments				Foreign Currency Translation Adjustments				Unrealized Appreciation (Depreciation) on Marketable Securities				Total
Beginning balance	$	(4,333	)		$	(5,112	)		$	31			$	(9,414	)
Other comprehensive income before reclassifications	1,300				5,094				—				6,394
Amounts reclassified from accumulated other comprehensive income to:
Interest expense	441				—				—				441
Other income and (expenses)	23				—				—				23
Net income from equity investments in real estate and the Managed REITs	316				—				—				316
Total	780				—				—				780
Net current period other comprehensive income	2,080				5,094				—				7,174
Net current period other comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interest	—				(744		)		—				(744		)
Ending balance	$	(2,253	)		$	(762	)		$	31			$	(2,984	)
	Six Months Ended June 30, 2014
	Realized and Unrealized Gains (Losses) on Derivative Instruments				Foreign Currency Translation Adjustments				Unrealized Appreciation (Depreciation) on Marketable Securities				Total
Beginning balance	$	(7,488	)		$	22,793			$	31			$	15,336
Other comprehensive (loss) income before reclassifications	(7,002		)		2,956				12				(4,034		)
Amounts reclassified from accumulated other comprehensive income to:
Interest expense	1,335				—				—				1,335
Other income and (expenses)	824				—				—				824
Net income from equity investments in real estate and the Managed REITs	279				—				—				279
Total	2,438				—				—				2,438
Net current period other comprehensive (loss) income	(4,564		)		2,956				12				(1,596		)
Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	—				475				—				475
Ending balance	$	(12,052	)		$	26,224			$	43			$	14,215
	Six Months Ended June 30, 2013
	Realized and Unrealized Gains (Losses) on Derivative Instruments				Foreign Currency Translation Adjustments				Unrealized Appreciation (Depreciation) on Marketable Securities				Total
Beginning balance	$	(7,508	)		$	2,828			$	31			$	(4,649	)
Other comprehensive income (loss) before reclassifications	3,984				(4,658		)		—				(674		)
Amounts reclassified from accumulated other comprehensive income to:
Interest expense	875				—				—				875
Other income and (expenses)	(24		)		—				—				(24		)
Net income from equity investments in real estate and the Managed REITs	420				—				—				420
Total	1,271				—				—				1,271
Net current period other comprehensive income (loss)	5,255				(4,658		)		—				597
Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	—				1,068				—				1,068
Ending balance	$	(2,253	)		$	(762	)		$	31			$	(2,984	)
Distributions Declared
During the second quarter of 2014, we declared a quarterly distribution of $0.90 per share, which was paid on July 15, 2014 to the stockholders of record on June 30, 2014.

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	A reconciliation of the provision for income taxes with the amount computed by applying the statutory federal income tax rate to income before provision for income taxes for the periods presented is as follows (in thousands, except percentages):
		Six Months Ended June 30,
		2014					2013
	Income from continuing operations before income taxes, net of amounts attributable to noncontrolling interests	$	160,097				$	53,651
	Pre-tax income attributable to pass-through subsidiaries	(151,203		)			(62,144		)
	Pre-tax income (loss) attributable to taxable subsidiaries	8,894					(8,493		)
	Federal provision at statutory tax rate (35%)	3,113			35	%	(2,972		)	35	%
	State and local taxes, net of federal benefit	978			11	%	(157		)	1.8	%
	Recognition of deferred revenue as a result of the CPA®:16 Merger (a)	4,848			54.5	%	—			—	%
	Amortization of intangible assets	—			—	%	121			(1.4	)%
	Interest	1,739			19.6	%	—			—	%
	Other	536			6	%	(1,120		)	13.2	%
	Tax provision — taxable subsidiaries	11,214			126.1	%	(4,128		)	48.6	%
	Deferred foreign tax benefit (b)	(6,427		)			—
	Current foreign taxes	4,422					1,462
	Other state and local taxes	1,084					325
	Total provision (benefit)	$	10,293				$	(2,341	)
	__________
	(a)	Represents income tax expense due to a permanent difference from the recognition of deferred revenue as a result of the accelerated vesting of shares previously issued by CPA®:16 – Global for asset management and performance fees and the payment of deferred acquisition fees in connection with the CPA®:16 Merger.
	(b)	Represents deferred tax benefit associated with basis differences on certain foreign properties acquired.
	Our tax returns are subject to audit by taxing authorities. Such audits can often take years to complete and settle. The tax years 2008 through 2014 remain open to examination by the major taxing jurisdictions to which we are subject.

Property_Dispositions_and_Disc

Property Dispositions and Discontinued Operations	6 Months Ended
	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Property Dispositions and Discontinued Operations	'
	Property Dispositions and Discontinued Operations
	From time to time, we may decide to sell a property. We have an active capital recycling program, with a goal of extending the average lease term through reinvestment, improving portfolio credit quality through dispositions and acquisitions of assets, increasing the asset criticality factor in our portfolio and/or executing strategic dispositions of assets. We may make a decision to dispose of a property when it is vacant as a result of tenants vacating space, tenants electing not to renew their leases, tenant insolvency, or lease rejection in the bankruptcy process. In such cases, we assess whether we can obtain the highest value from the property by selling it, as opposed to re-leasing it. We may also sell a property when we receive an unsolicited offer or negotiate a price for an investment that is consistent with our strategy for that investment. When it is appropriate to do so, we classify the property as an asset held for sale on our consolidated balance sheet and, for those properties sold or classified as held-for-sale prior to January 1, 2014, the current and prior period results of operations of the property have been reclassified as discontinued operations under current accounting guidance (Note 2). All property dispositions are recorded within our Real Estate Ownership segment.
	Property Dispositions Included in Continuing Operations
	The results of operations for properties that have been classified as held-for-sale or have been sold after December 31, 2013 and properties that were classified as direct financing leases, and with which we have no continuing involvement, excluding the properties that were classified as held-for-sale in the CPA®:16 Merger, are included within continuing operations in the consolidated financial statements. Total revenues and net income from the operations of these properties were $5.1 million and $0.8 million, and $0.8 million and $0.3 million for the three months ended June 30, 2014 and 2013, respectively, and $6.0 million and $1.5 million, and $1.6 million and $0.7 million for the six months ended June 30, 2014 and 2013, respectively.
	2014 — During the six months ended June 30, 2014, we sold five properties for a total of $40.6 million, net of selling costs, and we recognized a net loss on these sales of $3.8 million. These sales included a manufacturing facility for which the contractual minimum sale price of $5.8 million was not met. The third-party purchaser paid $1.4 million, with the difference of $4.4 million being paid by the vacating tenant. The amount paid by the tenant was recorded as lease termination income partially offsetting the $8.4 million loss on the sale of the property.
	In addition, during February 2014, a domestic vacant property was foreclosed upon and sold for $4.6 million. The proceeds from the sale were used to partially repay a mortgage loan encumbering this property and another property with an outstanding balance of $6.0 million at the time to the sale. In connection with the sale, we recognized a gain on the sale of $0.1 million.
	In connection with those sales that constituted businesses during the six months ended June 30, 2014, we allocated goodwill totaling $2.7 million to the cost basis of the properties, for our Real Estate Ownership segment, based on the relative fair value at the time of the sale (Note 8).
	2013 — During the six months ended June 30, 2013, we sold our investment in a direct financing lease. The results of operations for this investment is included within continuing operations in the consolidated financial statements for the six months ended June 30, 2013.
	Property Dispositions Included in Discontinued Operations
	The results of operations for properties that have been classified as held-for-sale or have been sold prior to January 1, 2014 and the properties that were acquired as held-for-sale in the CPA®:16 Merger, are reflected in the consolidated financial statements as discontinued operations, net of tax and are summarized as follows (in thousands):
		Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
	Revenues	$	2,013		$	10,539		$	8,230		$	18,148
	Expenses	(389		)	(5,844		)	(1,791		)	(11,990		)
	Gain (loss) on extinguishment of debt	249			28			(1,271		)	98
	Gain on sale of real estate	24,587			1,312			27,685			382
	Impairment charges	—			(1,671		)	—			(4,950		)
	Income from discontinued operations	$	26,460		$	4,364		$	32,853		$	1,688
	2014 — At December 31, 2013, we had nine properties classified as held-for-sale, all of which were sold during the six months ended June 30, 2014. The properties were sold for a total of $116.4 million, net of selling costs, and we recognized a net gain on these sales of $28.0 million, excluding impairment charges totaling $3.1 million previously recognized during 2013. We used a portion of the proceeds to repay a related mortgage loan obligation of $11.4 million and recognized a loss on extinguishment of debt of $0.1 million.
	In connection with those sales that constituted businesses, we allocated goodwill totaling $7.0 million to the cost basis of the properties, for our Real Estate Ownership segment based on the relative fair value at the time of the sale.
	In connection with the CPA®:16 Merger in January 2014, we acquired ten properties, including five properties held by one joint venture, that were classified as Assets held for sale with a total fair value of $133.0 million. We sold all of these properties during the six months ended June 30, 2014 for a total of $123.4 million, net of selling costs, including seller financing of $15.0 million, and recognized a net loss on these sales of $0.3 million. We used a portion of the proceeds to repay the related mortgage loan obligations totaling $18.9 million and recognized a loss on extinguishment of debt of $1.2 million.
	2013 — During the six months ended June 30, 2013, we sold four domestic properties, two of which were acquired in the CPA®:15 Merger, for a total of $15.1 million, net of selling costs, and recognized a net gain on these sales of $1.1 million, excluding an impairment charge of $0.2 million previously recognized during 2012. We used a portion of the proceeds to repay the related mortgage obligation of $5.7 million and recognized a gain on extinguishment of debt of $0.1 million.
	During the six months ended June 30, 2013, we entered into contracts to sell two domestic properties we acquired in the CPA®:15 Merger for a total of $7.3 million. Prior to entering into the contract to sell one of these properties, the lease was terminated and we recognized termination income of $2.6 million. In connection with these potential sales, we recognized impairment charges totaling $5.0 million during the six months ended June 30, 2013 to reduce the carrying value of the properties to their expected selling price less selling costs.
	In connection with those sales that constituted businesses, we allocated goodwill totaling $1.1 million to the cost basis of the properties, for our Real Estate Ownership segment based on the relative fair value at the time of sale or when contracted for sale (Note 8).
	In addition, during the six months ended June 30, 2013, a jointly-owned investment in which we and an affiliate owned 44% and 56%, respectively, and which we consolidate, entered into a contract to sell a domestic property that we acquired in the CPA®:15 Merger for $16.4 million. We completed the sale of two of these properties in July 2013 and the remaining property was sold in June 2014.
	We sold or classified as held-for-sale 23 additional properties during 2013 subsequent to June 30, 2013. The results of operations for these properties are included in Loss from discontinued operations, net of tax in the consolidated financial statements for the six months ended June 30, 2013.

Segment_Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting	'
	Segment Reporting
	We evaluate our results from operations by our two major business segments — Real Estate Ownership and Investment Management (Note 1). The following tables present a summary of comparative results and assets for these business segments (in thousands):
		Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
	Real Estate Ownership
	Revenues	$	176,734		$	77,657		$	311,806		$	154,141
	Operating expenses (a)	(93,112		)	(42,593		)	(200,339		)	(82,491		)
	Interest expense	(47,733		)	(25,750		)	(86,808		)	(51,334		)
	Other income and expenses, excluding interest expense	8,408			34,752			122,191			46,517
	(Provision for) benefit from income taxes	(3,142		)	(2,396		)	909			(3,571		)
	Loss on sale of real estate, net of tax	(3,821		)	(333		)	(3,742		)	(332		)
	Net income attributable to noncontrolling interests	(2,325		)	(2,594		)	(3,713		)	(4,819		)
	Net (loss) income attributable to noncontrolling interests of discontinued operations	(43		)	330			(178		)	608
	Income from continuing operations attributable to W. P. Carey	$	34,966		$	39,073		$	140,126		$	58,719
	Investment Management
	Revenues (b)	$	76,173		$	34,564		$	150,110		$	64,110
	Operating expenses (b) (c)	(68,245		)	(38,218		)	(132,624		)	(73,514		)
	Other income and expenses, excluding interest expense	161			239			(167		)	529
	(Provision for) benefit from income taxes	(4,911		)	3,530			(11,202		)	5,912
	Net (income) loss attributable to noncontrolling interests	(19		)	(98		)	(208		)	419
	Net loss (income) attributable to redeemable noncontrolling interests	111			43			(151		)	93
	Income (loss) from continuing operations attributable to W. P. Carey	$	3,270		$	60		$	5,758		$	(2,451	)
	Total Company
	Revenues (b)	$	252,907		$	112,221		$	461,916		$	218,251
	Operating expenses (b) (c)	(161,357		)	(80,811		)	(332,963		)	(156,005		)
	Interest expense	(47,733		)	(25,750		)	(86,808		)	(51,334		)
	Other income and expenses, excluding interest expense	8,569			34,991			122,024			47,046
	(Provision for) benefit from income taxes	(8,053		)	1,134			(10,293		)	2,341
	Loss on sale of real estate, net of tax	(3,821		)	(333		)	(3,742		)	(332		)
	Net income attributable to noncontrolling interests	(2,344		)	(2,692		)	(3,921		)	(4,400		)
	Net (loss) income attributable to noncontrolling interests of discontinued operations	(43		)	330			(178		)	608
	Net loss (income) attributable to redeemable noncontrolling interests	111			43			(151		)	93
	Income from continuing operations attributable to W. P. Carey	$	38,236		$	39,133		$	145,884		$	56,268
		Total Long-Lived Assets at (d)						Total Assets at
		June 30, 2014			December 31, 2013			June 30, 2014			December 31, 2013
	Real Estate Ownership	$	5,456,613		$	3,333,654		$	8,155,305		$	4,537,853
	Investment Management	—			—			138,443			141,097
	Total Company	$	5,456,613		$	3,333,654		$	8,293,748		$	4,678,950
	__________
	(a)	Includes expenses incurred of $30.4 million related to the CPA®:16 Merger for the six months ended June 30, 2014.
	(b)	Included in revenues and operating expenses are reimbursable costs from affiliates totaling $47.7 million and $18.5 million for the three months ended June 30, 2014 and 2013, respectively, and $93.4 million and 33.6 million for the six months ended June 30, 2014 and 2013, respectively.
	(c)	Includes Stock-based compensation expense of $8.0 million and $8.4 million for the three months ended June 30, 2014 and 2013, respectively, of which $7.7 million and $7.5 million, respectively, were included in the Investment Management segment; and $15.0 million and $17.6 million for the six months ended June 30, 2014 and 2013, respectively, of which $14.6 million and $16.5 million, respectively, were included in the Investment Management segment.
	(d)	Consists of Net investments in real estate.
	Our portfolio is comprised of domestic and international investments. At June 30, 2014, our international investments within our Real Estate Ownership segment were comprised of investments in France, Japan, Poland, Germany, Spain, Belgium, Finland, Netherlands, Thailand, Canada, Malaysia, Hungary, Mexico, Sweden and the United Kingdom. None of these countries individually comprised more than 10% of our total lease revenues or total long-lived assets at June 30, 2014. The following tables present the geographic information (in thousands):
		Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
	Domestic
	Revenues	$	119,652		$	54,189		$	207,112		$	107,831
	Income from continuing operations before income taxes and after loss on sale of real estate, net of tax	30,851			40,502			144,773			57,324
	Net income attributable to noncontrolling interests	(1,123		)	(2,692		)	(2,239		)	(4,810		)
	Net income attributable to W. P. Carey	51,009			41,432			170,625			53,442
	International
	Revenues	$	57,082		$	23,468		$	104,694		$	46,310
	Income from continuing operations before income taxes and after loss on sale of real estate, net of tax	13,446			3,564			2,077			9,509
	Net (income) loss attributable to noncontrolling interests	(1,202		)	98			(1,474		)	(9		)
	Net income attributable to W. P. Carey	10,460			1,675			2,532			6,357
	Total
	Revenues	$	176,734		$	77,657		$	311,806		$	154,141
	Income from continuing operations before income taxes and after loss on sale of real estate, net of tax	44,297			44,066			146,850			66,833
	Net income attributable to noncontrolling interests	(2,325		)	(2,594		)	(3,713		)	(4,819		)
	Net income attributable to W. P. Carey	61,469			43,107			173,157			59,799
		30-Jun-14			31-Dec-13
	Domestic
Long-lived assets (a)	$	3,744,496		$	2,172,549
Non-recourse debt	1,641,439			874,035
International
Long-lived assets (a)	$	1,712,117		$	1,161,105
Non-recourse debt	1,181,976			618,375
Total
Long-lived assets (a)	$	5,456,613		$	3,333,654
Non-recourse debt	2,823,415			1,492,410
__________
(a)	Consists of Net investments in real estate.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Consolidation	'
	Basis of Consolidation
	Our consolidated financial statements reflect all of our accounts, including those of our controlled subsidiaries and our tenancy-in-common interests as described below. The portion of equity in a consolidated subsidiary that is not attributable, directly or indirectly, to us is presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated.
	At June 30, 2014, we had six investments in tenancy-in-common interests in various domestic and international properties, five of which we consolidate because we own 100% of these investments and account for the remaining jointly-owned investment using the equity method of accounting. Consolidation of the remaining investment is not required as such interest does not qualify as a VIE and do not meet the control requirement required for consolidation. Accordingly, we account for this investment using the equity method of accounting. We use the equity method of accounting because the shared decision-making involved in a tenancy-in-common interest investment provides us with significant influence on the operating and financial decisions of these investments.
	We apply accounting guidance for consolidation of VIEs to certain entities in which the equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. Fixed price purchase and renewal options within a lease as well as certain decision-making rights within a loan can cause us to consider an entity a VIE. In connection with the CPA®:16 Merger, we acquired 12 VIEs. We consider these entities VIEs because the leases have either fixed price purchase or renewal options. In connection with our acquisition of a property during the six months ended June 30, 2014 (Note 5), we assigned the property to a third-party special purpose entity, or SPE, and provided a loan to the SPE to purchase the property. The SPE is funded solely from that loan and does not have any equity investment at risk. As such, the SPE is deemed to be a VIE in which we are the primary beneficiary and which we consolidate.
	Additionally, we own interests in single-tenant net-leased properties leased to companies through noncontrolling interests in partnerships and limited liability companies that we do not control but over which we exercise significant influence. We account for these investments under the equity method of accounting. At times, the carrying value of our equity investments may fall below zero for certain investments. We intend to fund our share of the investments’ future operating deficits should the need arise. However, we have no legal obligation to pay for any of the liabilities of such investments nor do we have any legal obligation to fund operating deficits.
Recent Accounting Requirements	'
	Recent Accounting Requirements
	The following Accounting Standards Updates, or ASUs, promulgated by the Financial Accounting Standards Board are applicable to us:
	ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 does not apply to our rental revenues, but will apply to reimbursed tenant costs and revenues generated from our operating properties and our Investment Management business. Additionally, this guidance modifies disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for us in 2017, and early adoption is not permitted. In adopting ASU 2014-09, companies may use either a full retrospective or a modified retrospective approach. We are currently evaluating the impact of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017.
	ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360). ASU 2014-08 changes the requirements for reporting discontinued operations. A discontinued operation may include a component of an entity or a group of components of an entity, or a business. Under this new guidance, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a “strategic shift that has or will have a major effect on an entity’s operations and financial results.” The new guidance also requires disclosures including pretax profit or loss and significant gains or losses arising from dispositions that represent an “individually significant component of an entity,” but do not meet the criteria to be reported as discontinued operations under ASU 2014-08. In the ordinary course of business we sell properties, which, under prior accounting guidance, we generally reported as discontinued operations; however, under ASU 2014-08 such property dispositions typically would not meet the criteria to be reported as discontinued operations. We elected to early adopt ASU 2014-08 prospectively for all dispositions after December 31, 2013. Consequently, individually significant properties that were sold or classified as held-for-sale during 2014 were not reclassified to discontinued operations in the consolidated financial statements, but have been disclosed in Note 15 to the consolidated financial statements. By contrast, and as required by the new guidance, the results for the current and prior year period reflect as discontinued operations in the consolidated financial statements all dispositions and assets classified as held-for-sale through December 31, 2013 that were deemed under the prior accounting guidance to be discontinued operations, as well as those assets classified as held-for-sale as part of the CPA®:16 Merger. This ASU did not have a significant impact on our financial position or results of operations for any of the periods presented.
	ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU 2013-11 requires an entity to present an unrecognized tax benefit relating to a net operating loss carryforward, a similar tax loss or a tax credit carryforward as a reduction to a deferred tax asset except in certain situations. To the extent the net operating loss carryforward, similar tax loss or tax credit carryforward is not available as of the reporting date under the governing tax law to settle any additional income taxes that would result from the disallowance of the tax position, or the governing tax law does not require the entity to use and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and should not be netted against a deferred tax asset. ASU 2013-11 became effective for us at the beginning of 2014. The adoption of ASU 2013-11 did not have a material impact on our financial condition or results of operations.
Intangible Assets and Liabilities and Goodwill	'
	Amortization of below-market rent and above-market rent is recorded as an adjustment to Lease revenues; amortization of management contracts, in-place lease and tenant relationship intangibles is included in Depreciation and amortization; and amortization of above-market ground lease and below-market ground lease is included in Property expenses.
	In connection with our acquisitions of properties, we have recorded net lease intangibles that are being amortized over periods ranging from one year to 40 years. In addition, we have several ground lease intangibles that are being amortized over periods up to 134 years. In-place lease and above-market rent are included in In-place lease intangible assets, net and Above-market rent intangible assets, net, respectively, in the consolidated financial statements. Tenant relationship, below-market ground lease (as lessee), trade name, management contracts and software license intangibles are included in Other assets, net in the consolidated financial statements. Below-market rent, above-market ground lease (as lessee), and below-market purchase option intangibles are included in Below-market rent and other intangible liabilities, net in the consolidated financial statements.
Fair Value Measurement	'
	The fair value of an asset is defined as the exit price, which is the amount that would either be received when an asset is sold or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-tier fair value hierarchy based on the inputs used in measuring fair value. These tiers are: Level 1, for which quoted market prices for identical instruments are available in active markets, such as money market funds, equity securities and U.S. Treasury securities; Level 2, for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument, such as certain derivative instruments including interest rate caps and swaps; and Level 3, for securities that do not fall into Level 1 or Level 2 and for which little or no market data exists, therefore requiring us to develop our own assumptions.
Earnings Per Share	'
	Under current authoritative guidance for determining earnings per share, all unvested share-based payment awards that contain non-forfeitable rights to distributions are considered to be participating securities and therefore are included in the computation of earnings per share under the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common shares and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. Our unvested RSUs and RSAs contain rights to receive non-forfeitable distribution equivalents, and therefore we apply the two-class method of computing earnings per share. The calculation of earnings per share below excludes the income attributable to the unvested RSUs and RSAs from the numerator and such unvested shares in the denominator.
Redeemable Noncontrolling Interest	'
	We account for the noncontrolling interest in WPCI held by a third party as a redeemable noncontrolling interest, as we have an obligation to repurchase the interest at fair value, subject to certain conditions. This obligation is required to be settled in shares of our common stock. The third-party interest is reflected at estimated redemption value for all periods presented. On October 1, 2013, we received a notice from the holder of the noncontrolling interest in WPCI regarding the exercise of the put option, pursuant to which we are required to purchase the third party’s
Discontinued Operations	'
	From time to time, we may decide to sell a property. We have an active capital recycling program, with a goal of extending the average lease term through reinvestment, improving portfolio credit quality through dispositions and acquisitions of assets, increasing the asset criticality factor in our portfolio and/or executing strategic dispositions of assets. We may make a decision to dispose of a property when it is vacant as a result of tenants vacating space, tenants electing not to renew their leases, tenant insolvency, or lease rejection in the bankruptcy process. In such cases, we assess whether we can obtain the highest value from the property by selling it, as opposed to re-leasing it. We may also sell a property when we receive an unsolicited offer or negotiate a price for an investment that is consistent with our strategy for that investment. When it is appropriate to do so, we classify the property as an asset held for sale on our consolidated balance sheet and, for those properties sold or classified as held-for-sale prior to January 1, 2014, the current and prior period results of operations of the property have been reclassified as discontinued operations under current accounting guidance (Note 2).

Merger_with_CPA16_Global_Table

Merger with CPA®:16 – Global (Tables)	6 Months Ended
	Jun. 30, 2014
Business Combinations [Abstract]	'
Schedule of Business Acquisitions, by Acquisition	'
	(in thousands)
		Initially Reported at March 31, 2014				Measurement Period Adjustments				As Revised at June 30, 2014
	Total Consideration
	Fair value of W. P. Carey shares of common stock issued	$	1,815,521			$	—			$	1,815,521
	Cash consideration for fractional shares	1,338				—				1,338
	Merger Consideration	1,816,859				—				1,816,859
	Fair value of our equity interest in CPA®:16 – Global prior to the	347,164				1,284				348,448
	CPA®:16 Merger
	Fair value of our equity interest in jointly-owned investments with CPA®:16 – Global prior to the CPA®:16 Merger	172,720				—				172,720
	Fair value of noncontrolling interests acquired	(278,829		)		642				(278,187		)
		$	2,057,914			$	1,926			$	2,059,840
	Assets Acquired at Fair Value
	Net investments in properties	$	1,969,274			$	901			$	1,970,175
	Net investments in direct financing leases	538,607				(382		)		538,225
	Equity investments in real estate	74,367								74,367
	Assets held for sale	132,951				464				133,415
	In-place lease intangible assets	553,479				244				553,723
	Above-market rent intangible assets	395,663				161				395,824
	Cash and cash equivalents	65,429				—				65,429
	Other assets, net	82,032				—				82,032
		3,811,802				1,388				3,813,190
	Liabilities Assumed at Fair Value
	Non-recourse debt and line of credit	(1,768,288		)		—				(1,768,288		)
	Below-market rent and other intangible liabilities	(57,209		)		(360		)		(57,569		)
	Accounts payable, accrued expenses and other liabilities	(118,389		)		—				(118,389		)
	Deferred tax liability	(59,629		)		1,282				(58,347		)
		(2,003,515		)		922				(2,002,593		)
	Total identifiable net assets	1,808,287				2,310				1,810,597
	Amounts attributable to noncontrolling interests	(99,345		)		(288		)		(99,633		)
	Goodwill	348,972				(96		)		348,876
		$	2,057,914			$	1,926			$	2,059,840
Business Acquisition, Pro Forma Information	'
	(in thousands, except share and per share amounts):
			Three Months Ended June 30,								Six Months Ended June 30,
			2014				2013				2014			2013
	Pro forma total revenues		$	252,907			$	185,568			$	487,032		$	362,085
	Pro forma net income from continuing operations, net of tax		$	40,469			$	41,225			$	78,409		$	113,700
	Pro forma net income attributable to noncontrolling interests		(2,344		)		(1,807		)		(2,916		)	(2,536		)
	Pro forma net loss (income) attributable to redeemable noncontrolling interest		111				(349		)		(151		)	1,602
	Pro forma net income from continuing operations, net of tax attributable to W. P. Carey		$	38,236			$	39,069			$	75,342		$	112,766
	Pro forma earnings per share: (a)
	Basic		$	0.38			$	0.39			$	0.75		$	1.13
	Diluted		$	0.38			$	0.39			$	0.75		$	1.12
	Pro forma weighted-average shares: (b)
	Basic		100,236,362				99,136,649				99,976,714			99,505,986
	Diluted		100,995,225				100,223,780				100,875,283			100,600,727
	___________
	(a)	The pro forma income attributable to W. P. Carey for the six months ended June 30, 2013 reflects the following income and expenses recognized related to the CPA®:16 Merger as if the CPA®:16 Merger had taken place on January 1, 2013: (i) combined merger expenses through June 30, 2014; (ii) an aggregate gain on change in control of interests of $104.6 million; and (iii) an income tax expense of $4.8 million due to a permanent difference from the recognition of deferred revenue as a result of the accelerated vesting of shares previously issued by CPA®:16 – Global for asset management and performance fees and the payment of deferred acquisition fees in connection with the CPA®:16 Merger.
	(b)	The pro forma weighted average shares outstanding for the three and six months ended June 30, 2014 and 2013 were determined as if the 30,729,878 shares of our common stock issued to CPA®:16 – Global stockholders in the CPA®:16 Merger were issued on January 1, 2013.

Agreements_and_Transactions_wi1

Agreements and Transactions with Related Parties (Tables)	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Schedule Of Related Party Transactions	'
	The following tables present a summary of revenue earned and/or cash received from the Managed REITs for the periods indicated, included in the consolidated financial statements (in thousands):
		Three Months Ended June 30,					Six Months Ended June 30,
		2014		2013			2014		2013
	Reimbursable costs from affiliates	$	41,925	$	15,467		$	81,657	$	27,435
	Structuring revenue	17,254		6,422			35,005		12,764
	Distributions of Available Cash	5,235		8,677			15,681		16,568
	Asset management revenue (a)	9,022		10,331			18,776		20,324
	Dealer manager fees	7,949		2,320			14,626		3,542
	Deferred revenue earned	—		2,123			786		4,246
	Interest income on deferred acquisition fees and loans to affiliates	163		224			337		479
		$	81,548	$	45,564		$	166,868	$	85,358
		Three Months Ended June 30,					Six Months Ended June 30,
		2014		2013			2014		2013
	CPA®:16 – Global (b)	$	—	$	12,128		$	7,999	$	26,070
	CPA®:17 – Global (c)	16,645		14,617			32,472		29,609
	CPA®:18 – Global (c)	42,654		—			98,831		—
	CWI (c)	22,249		18,819			27,566		29,679
		$	81,548	$	45,564		$	166,868	$	85,358
	___________
	(a)	Excludes amounts received from third parties.
	(b)	Upon completion of the CPA®:16 Merger on January 31, 2014, the advisory agreement with CPA®:16 – Global terminated. Pursuant to the terms of the merger agreement, the incentive or termination fee that we would have been entitled to receive from CPA®:16 – Global pursuant to the terms of their advisory agreement was waived upon the completion of the CPA®:16 Merger. The amount shown for the six months ended June 30, 2014 reflects transactions through January 31, 2014.
	(c)	The current form of the advisory agreement is scheduled to expire on September 30, 2014, unless renewed pursuant to its terms.
Schedule of Balances Due to and From Related Party	'
	The following table presents a summary of amounts Due from affiliates (in thousands):
		30-Jun-14		31-Dec-13
	Deferred acquisition fees receivable	$	18,515	$	19,684
	Note receivable from CWI, including interest thereon	11,002		—
	Accounts receivable	3,623		3,716
	Current acquisition fees receivable	3,242		4,149
	Organization and offering costs	1,926		2,700
	Reimbursable costs	1,208		334
	Asset management fee receivable	—		1,451
		$	39,516	$	32,034
Reconciliation of Redeemable Securities	'
	The following table presents a reconciliation of our Redeemable securities – related party (in thousands):
		Six Months Ended June 30,
		2014		2013
	Beginning balance	$	—	$	40,000
	Redemption of securities	—		(40,000		)
	Ending balance	$	—	$	—

Net_Investments_in_Properties_

Net Investments in Properties (Tables)	6 Months Ended
	Jun. 30, 2014
Real Estate [Abstract]	'
Net Investments in Real Estate Properties	'
	Real estate, which consists of land and buildings leased to others, at cost, and which are subject to operating leases, and real estate under construction, is summarized as follows (in thousands):
		June 30, 2014			December 31, 2013
	Land	$	1,107,594		$	534,697
	Buildings	3,375,775			1,972,107
	Real estate under construction	14,630			9,521
	Less: Accumulated depreciation	(214,543		)	(168,076		)
		$	4,283,456		$	2,348,249
	Operating real estate, which consists of our investments in two hotels acquired in the CPA®:16 Merger and two self-storage properties, at cost, is summarized as follows (in thousands):
		June 30, 2014			December 31, 2013
	Land	$	7,027		$	1,097
	Buildings	77,517			4,927
	Less: Accumulated depreciation	(2,612		)	(882		)
		$	81,932		$	5,142
Disclosure of Long Lived Assets Held-for-sale	'
	Below is a summary of our properties held for sale (in thousands):
		30-Jun-14			31-Dec-13
	Real estate, net	$	—		$	62,466
	Above-market rent intangible assets, net	—			13,872
	In-place lease intangible assets, net	—			12,293
	Below-market rent and other intangible liabilities, net	—			(1,808		)
	Assets held for sale	$	—		$	86,823

Finance_Receivables_Tables

Finance Receivables (Tables)	6 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Capital Leases Net Investment In Direct Financing Leases	'
	Net investments in direct financing leases is summarized as follows (in thousands):
		June 30, 2014				December 31, 2013
	Minimum lease payments receivable	$	1,018,305			$	466,182
	Unguaranteed residual value	881,192				363,903
		1,899,497				830,085
	Less: unearned income	(1,019,497		)		(466,665		)
		$	880,000			$	363,420
Finance Receivables Credit Quality Indicators	'
	A summary of our finance receivables by internal credit quality rating is as follows (dollars in thousands):
			Number of Tenants				Net Investments in Direct Financing Leases at
	Internal Credit Quality Indicator		June 30, 2014		December 31, 2013		June 30, 2014		December 31, 2013
	1		4		3		$	86,064	$	42,812
	2		3		3		27,630		27,869
	3		21		8		622,001		284,968
	4		7		1		144,305		7,771
	5		—		—		—		—
							$	880,000	$	363,420
	A summary of our notes receivable by internal credit quality rating is as follows (dollars in thousands):
			Number of Obligors at				Notes Receivable at
	Internal Credit Quality Indicator		June 30, 2014		December 31, 2013		June 30, 2014		December 31, 2013
	1		—		—		$	—	$	—
	2		1		—		9,929		—
	3		1		—		11,074		—
	4		—		—		—		—
	5		—		—		—		—
							$	21,003	$	—

Equity_Investment_in_Real_Esta1

Equity Investment in Real Estate and the Managed REITs (Tables)	6 Months Ended
	Jun. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Schedule of Equity Method Investments	'
	The following table presents net income from equity investments in real estate and the Managed REITs, which represents our proportionate share of the income or losses of these investments as well as certain adjustments related to other-than-temporary impairment charges and amortization of basis differences related to purchase accounting adjustments (in thousands):
		Three Months Ended June 30,								Six Months Ended June 30,
		2014				2013				2014				2013
	Proportionate share of earnings from equity investments in the Managed REITs	$	769			$	2,717			$	1,549			$	3,544
	Amortization of basis differences on equity investments in the Managed REITs	(118		)		(1,655		)		(508		)		(2,460		)
	Other-than-temporary impairment charges on the Special Member Interest in CPA®:16 – Global’s operating partnership	—				(2,844		)		(735		)		(5,528		)
	Distributions of Available Cash (Note 4)	5,235				8,677				15,681				16,568
	Deferred revenue earned (Note 4)	—				2,123				786				4,246
	Total equity earnings from the Managed REITs	5,886				9,018				16,773				16,370
	Equity earnings from other equity investments	3,662				25,076				7,618				29,932
	Amortization of basis differences on other equity investments	(96		)		(1,553		)		(677		)		(3,105		)
	Net income from equity investments in real estate and the Managed REITs	$	9,452			$	32,541			$	23,714			$	43,197
	The following table sets forth certain information about our investments in the Managed REITs (dollars in thousands):
			% of Outstanding Shares Owned at						Carrying Amount of Investment at
	Fund		30-Jun-14			31-Dec-13			June 30, 2014 (a) (b)				December 31, 2013 (b)
	CPA®:16 – Global (c)		100	%		18.533	%		$	—			$	282,520
	CPA®:16 – Global operating partnership (d)		100	%		0.015	%		—				813
	CPA®:17 – Global (e)		2.295	%		1.91	%		69,485				57,753
	CPA®:17 – Global operating partnership (f)		0.009	%		0.009	%		—				—
	CPA®:18 – Global		0.101	%		0.127	%		1,226				320
	CPA®:18 – Global operating partnership (g)		0.034	%		0.034	%		209				209
	CWI		0.918	%		0.538	%		6,953				3,369
	CWI operating partnership (h)		0.015	%		0.015	%		—				—
									$	77,873			$	344,984
	___________
	(a)	Includes asset management fees receivable, for which 240,372 shares, 21,554 class A shares and 59,469 shares of CPA®:17 – Global, CPA®:18 – Global and CWI, respectively, were issued during the third quarter of 2014.
	(b)	At June 30, 2014 and December 31, 2013, the aggregate unamortized basis differences on our equity investments in the Management REITs were $15.1 million and $80.5 million, respectively.
	(c)	On January 31, 2014, we acquired all the remaining interests in CPA®:16 – Global, which merged into one of our subsidiaries with our subsidiary as the surviving entity, in the CPA®:16 Merger (Note 3). We received distributions of $6.4 million and $12.5 million from this affiliate during January 2014 and the six months ended June 30, 2013, respectively.
	(d)	During January 2014 and the six months ended June 30, 2013, we recognized other-than-temporary impairment charges of $0.7 million and $5.5 million, respectively, on this investment to reduce the carrying value of our interest in the investment to its estimated fair value (Note 9). In addition, we received distributions of $4.8 million and $7.4 million from this investment during January 2014 and the six months ended June 30, 2013, respectively. On January 31, 2014, we acquired the remaining interests in CPA®:16 – Global’s operating partnership and now consolidate this entity.
	(e)	We received distributions of $2.1 million and $1.3 million from this affiliate during the six months ended June 30, 2014 and 2013, respectively.
	(f)	We received distributions of $9.3 million and $9.1 million from this affiliate during the six months ended June 30, 2014, and 2013, respectively.
	(g)	We received distributions of $0.6 million from this affiliate, which commenced operations in May 2013, during the six months ended June 30, 2014.
	(h)	We received distributions of $1.1 million from this affiliate during the six months ended June 30, 2014.
	The following tables present estimated combined summarized financial information for the Managed REITs. Certain prior year amounts have been retrospectively adjusted to reflect the impact of discontinued operations. Amounts provided are expected total amounts attributable to the Managed REITs and do not represent our proportionate share (in thousands):
		June 30, 2014				December 31, 2013
	Real estate, net	$	5,433,063			$	7,218,177
	Other assets	2,129,614				2,128,862
	Total assets	7,562,677				9,347,039
	Debt	(3,128,688		)		(4,237,044		)
	Accounts payable, accrued expenses and other liabilities	(451,457		)		(571,097		)
	Total liabilities	(3,580,145		)		(4,808,141		)
	Noncontrolling interests	(163,943		)		(192,492		)
	Stockholders’ equity	$	3,818,589			$	4,346,406
		Three Months Ended June 30,								Six Months Ended June 30,
		2014				2013				2014				2013
	Revenues	$	224,594			$	191,171			$	365,819			$	369,003
	Expenses	(196,673		)		(180,018		)		(331,155		)		(340,649		)
	Income from continuing operations	$	27,921			$	11,153			$	34,664			$	28,354
	Net income attributable to the Managed REITs (a) (b)	$	40,469			$	16,099			$	47,211			$	26,721
	___________
	(a)	Inclusive of impairment charges recognized by the Managed REITs totaling $12.4 million and $21.7 million during the three and six months ended June 30, 2013, respectively. These impairment charges reduced our income earned from these investments by approximately $2.3 million and $4.0 million during the three and six months ended June 30, 2013, respectively. There were no such impairment charges recognized by the Managed REITs during the three and six months ended June 30, 2014.
	(b)	Amounts included net losses on sale of real estate recorded by the Managed REITs totaling $12.5 million for each of the three and six months ended June 30, 2014, respectively, and $16.7 million and $14.0 million during the three and six months ended June 30, 2013, respectively.
	The following table sets forth our ownership interests in our equity investments in real estate, excluding the Managed REITs, and their respective carrying values (dollars in thousands):
					Ownership Interest at		Carrying Value at
	Lessee		Co-owner(s)		June 30, 2014		June 30, 2014				December 31, 2013
	Same Store Equity Investments (a) (b):
	C1000 Logistiek Vastgoed B.V. (c)		CPA®:17 – Global		15%		$	13,782			$	13,673
	Waldaschaff Automotive GmbH and Wagon Automotive Nagold GmbH		CPA®:17 – Global		33%		7,584				7,267
	Wanbishi Archives Co. Ltd.		CPA®:17 – Global		3%		389				395
							21,755				21,335
	Equity Investments Consolidated After the CPA®:16 Merger (d):
	Schuler A.G. (a)		CPA®:16 – Global		100%		—				65,798
	Hellweg Die Profi-Baumärkte GmbH		CPA®:16 – Global/ CPA®:17 – Global		63%		—				27,923
& Co. KG (Hellweg 2) (a) (e)
Advanced Micro Devices		CPA®:16 – Global		100%		—				22,392
The Upper Deck Company		CPA®:16 – Global		100%		—				7,518
Del Monte Corporation		CPA®:16 – Global		100%		—				7,145
Builders FirstSource, Inc.		CPA®:16 – Global		100%		—				4,968
PetSmart, Inc.		CPA®:16 – Global		100%		—				3,877
Consolidated Systems, Inc.		CPA®:16 – Global		100%		—				3,176
SaarOTEC (a)		CPA®:16 – Global		100%		—				(639		)
						—				142,158
Equity Investments Acquired in the CPA®:16 Merger
The New York Times Company (f)		CPA®:16 – Global/		45%		74,240				21,543
		CPA®:17 – Global
Frontier Spinning Mills, Inc.		CPA®:17 – Global		40%		15,545				—
Actebis Peacock GmbH (a)		CPA®:17 – Global		30%		6,707				—
						96,492				21,543
Recently Acquired Equity Investment
Beach House JV, LLC (g)		Third Party		N/A(g)		15,105				—
						$	133,352			$	185,036
___________
(a)	The carrying value of this investment is affected by the impact of fluctuations in the exchange rate of the foreign currency.
(b)	Represents equity investments we acquired prior to January 1, 2013.
(c)	This investment represents a tenancy-in-common interest, whereby the property is encumbered by the debt for which we are jointly and severally liable. For this investment, the co-obligor is CPA®:17 – Global and the amount due under the arrangement was approximately $93.8 million at June 30, 2014. Of this amount, $14.1 million represents the amount we agreed to pay and is included within the carrying value of the investment at June 30, 2014.
(d)	We acquired the remaining interests in these investments from CPA®:16 – Global in the CPA®:16 Merger. Subsequent to the CPA®:16 Merger, we consolidate these wholly-owned or majority-owned investments (Note 3).
(e)	We acquired an additional 25% interest in this investment in the CPA®:16 Merger. The remaining interest in this investment is owned by CPA®:17 – Global.
(f)	We acquired an additional 27% interest in this investment in the CPA®:16 Merger. The remaining interest in this investment is owned by CPA®:17 – Global.
(g)	During the six months ended June 30, 2014, we received a preferred equity position in Beach House JV, LLC, as part of the sale of the Soho House investment. The preferred equity interest, which is redeemable on March 13, 2019, has an annual interest rate of 8.5%. The rights under these preferred units allow us to have significant influence over the entity. Accordingly, we account for this investment using the equity method of accounting. We own 100 redeemable preferred units and zero common units of Beach House JV LLC.

Goodwill_and_Other_Intangibles1

Goodwill and Other Intangibles (Tables)	6 Months Ended
	Jun. 30, 2014
Goodwill And Intangible Assets Liabilities Disclosure [Abstract]	'
Schedule Of Acquired Finite Lived Intangible Assets Liabilities By Major Class	'
	In connection with our investment activity during the six months ended June 30, 2014, including primarily the properties we acquired through the CPA®:16 Merger, we recorded net lease intangibles comprised as follows (life in years, dollars in thousands):
		Weighted-Average		Amount
		Life
	Amortizable Intangible Assets
	In-place lease	12		$	571,680
	Above-market rent	12.3		395,824
	Below-market ground lease	62.7		14,397
				$	981,901
	Amortizable Intangible Liabilities
	Below-market rent	17.9		$	(53,274	)
	Above-market ground lease	31.5		(6,712		)
				$	(59,986	)
Schedule Of Goodwill	'
	The following table presents a reconciliation of our goodwill (in thousands):
		Real Estate Ownership				Investment Management			Total
	Balance at January 1, 2014	$	286,601			$	63,607		$	350,208
	Acquisition of CPA®:16 – Global	343,960				—			343,960
	Adjustments to foreign deferred taxes acquired in business combinations	7,212				—			7,212
	Allocation of goodwill to the cost basis of properties sold or classified as	(2,743		)		—			(2,743		)
	held-for-sale
	Foreign currency translation adjustments	254				—			254
	Balance at June 30, 2014	$	635,284			$	63,607		$	698,891
Schedule Of Intangible Assets And Goodwill	'
	Intangible assets, intangible liabilities, and goodwill are summarized as follows (in thousands):
		June 30, 2014										December 31, 2013
		Gross Carrying Amount				Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
	Amortizable Intangible Assets
	Management contracts	$	32,765			$	(32,765	)	$	—		$	32,765		$	(32,395	)	$	370
	Internal-use software development costs	9,223				—			9,223			3,255			—			3,255
		41,988				(32,765		)	9,223			36,020			(32,395		)	3,625
	Lease Intangibles:
	In-place lease	1,108,719				(142,313		)	966,406			551,737			(84,610		)	467,127
	Above-market rent	655,744				(85,246		)	570,498			292,132			(50,157		)	241,975
	Below-market ground lease	19,225				(234		)	18,991			4,386			(22		)	4,364
	Tenant relationship	6,245				(1,739		)	4,506			6,247			(1,656		)	4,591
		1,789,933				(229,532		)	1,560,401			854,502			(136,445		)	718,057
	Unamortizable Goodwill and
	Indefinite-Lived Intangible Assets
	Goodwill	698,891				—			698,891			350,208			—			350,208
	Trade name	3,975				—			3,975			3,975			—			3,975
		702,866				—			702,866			354,183			—			354,183
	Total intangible assets	$	2,534,787			$	(262,297	)	$	2,272,490		$	1,244,705		$	(168,840	)	$	1,075,865
	Amortizable Intangible Liabilities
	Below-market rent	$	(168,723	)		$	17,861		$	(150,862	)	$	(116,939	)	$	11,832		$	(105,107	)
	Above-market ground lease	(13,616		)		825			(12,791		)	(6,896		)	512			(6,384		)
		(182,339		)		18,686			(163,653		)	(123,835		)	12,344			(111,491		)
	Unamortizable Intangible Liabilities
	Below-market purchase option	(16,711		)		—			(16,711		)	(16,711		)	—			(16,711		)
	Total intangible liabilities	$	(199,050	)		$	18,686		$	(180,364	)	$	(140,546	)	$	12,344		$	(128,202	)
Schedule Of Finite Lived Intangible Assets Future Amortization Expense	'
	Based on the intangible assets and liabilities recorded at June 30, 2014, scheduled annual net amortization of intangibles for the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter is as follows (in thousands):
	Years Ending December 31,		Net Decrease in Lease Revenues				Increase to Amortization/			Net
							Property Expenses
	2014 (remainder)		$	29,035			$	62,735		$	91,770
	2015		55,989				125,920			181,909
	2016		54,320				105,983			160,303
	2017		50,549				101,951			152,500
	2018		47,686				98,909			146,595
	Thereafter		182,014				490,880			672,894
	Total		$	419,593			$	986,378		$	1,405,971

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Schedule Of Other Financial Instruments In Carrying Values And Fair Values	'
	Our other financial instruments had the following carrying values and fair values as of the dates shown (dollars in thousands):
				30-Jun-14						31-Dec-13
			Level	Carrying Value			Fair Value			Carrying Value			Fair Value
	Non-recourse debt (a)		3	$	2,823,415		$	2,840,230		$	1,492,410		$	1,477,497
	Senior unsecured notes (b)		2	498,255			498,255			—			—
	Senior unsecured credit facility (a) (c)		3	476,700			476,700			275,000			275,000
	Notes receivable (a) (d)		3	21,003			21,338			—			—
	Deferred acquisition fees receivable (e)		3	18,515			19,665			19,684			20,733
	Note receivable from CWI (f)		3	11,000			11,000			—			—
	Unsecured term loan (a) (c)		3	—			—			300,000			300,000
	__________
	(a)	We determined the estimated fair value of these financial instruments using a discounted cash flow model with rates that take into account the credit of the tenant/obligor, where applicable, and interest rate risk. We also considered the value of the underlying collateral taking into account the quality of the collateral, the credit quality of the tenant/obligor, the time until maturity and the current market interest rate.
	(b)	We determined the estimated fair value of our senior unsecured notes using quoted market prices in an open market with limited trading volume (Note 11).
	(c)	As described in Note 11, the Prior Senior Credit Facility and the Unsecured Term Loan were repaid and terminated in January 2014.
	(d)	We acquired these notes in the CPA®:16 Merger (Note 6).
	(e)	We determined the estimated fair value of our deferred acquisition fees receivable based on an estimate of discounted cash flows using two significant unobservable inputs, which are the leverage adjusted unsecured spread and an illiquidity adjustment with a weighted-average range of 109 - 355 basis points and 50 - 100 basis points, respectively at June 30, 2014. Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement.
	(f)	In order to facilitate an acquisition by CWI, we made an $11.0 million loan to CWI on June 25, 2014. The loan, including accrued interest, was repaid in full prior to maturity on July 22, 2014 (Note 4).
Schedule Of Fair Value Impairment Charges Using Unobservable Inputs Nonrecurring Basis	'
	The following table presents information about our other assets that were measured on a fair value basis (in thousands):
		Three Months Ended June 30, 2014						Three Months Ended June 30, 2013
		Fair Value			Total Impairment			Fair Value			Total Impairment
		Measurements			Charges			Measurements			Charges
	Impairment Charges from Continuing Operations:
	Real estate	$	5,200		$	2,066		$	—		$	—
	Equity investments in real estate	—			—			11,140			2,844
					2,066						2,844
	Impairment Charges from Discontinued Operations:
	Real estate	—			—			6,908			1,279
	Operating real estate	—			—			—			—
					—						1,279
					$	2,066					$	4,123
		Six Months Ended June 30, 2014						Six Months Ended June 30, 2013
		Fair Value			Total Impairment			Fair Value			Total Impairment
		Measurements			Charges			Measurements			Charges
	Impairment Charges from Continuing Operations:
	Real estate	$	5,200		$	2,066		$	—		$	—
	Equity investments in real estate	—			735			11,140			5,528
					2,801						5,528
	Impairment Charges from Discontinued Operations:
	Real estate	—			—			6,908			3,487
	Operating real estate	—			—			3,709			1,071
					—						4,558
					$	2,801					$	10,086

Risk_Management_and_Use_of_Der1

Risk Management and Use of Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	'
	The following table sets forth certain information regarding our derivative instruments (in thousands):
					Asset Derivatives Fair Value at								Liability Derivatives Fair Value at
	Derivatives Designated as Hedging Instruments		Balance Sheet Location		30-Jun-14				31-Dec-13				30-Jun-14				31-Dec-13
	Interest rate caps		Other assets, net		$	12			$	2			$	—			$	—
	Interest rate swaps		Other assets, net		806				1,618				—				—
	Foreign currency forward contracts (a)		Accounts payable, accrued expenses and other liabilities		—				—				(12,506		)		(7,083		)
	Interest rate swaps (a)		Accounts payable, accrued expenses and other liabilities		—				—				(5,894		)		(2,734		)
	Derivatives Not Designated as Hedging Instruments
	Stock warrants (b)		Other assets, net		3,485				2,160				—				—
	Interest rate swaps (c)		Accounts payable, accrued expenses and other liabilities		—				—				(10,734		)		(11,995		)
	Total derivatives				$	4,303			$	3,780			$	(29,134	)		$	(21,812	)
	__________
	(a)	In connection with the CPA®:16 Merger, we acquired interest rate cap and swaps, and foreign currency forward contracts, which were in a net liability position, had fair values of $2.5 million and $5.1 million, respectively, at June 30, 2014.
	(b)	In connection with the CPA®:16 Merger, we acquired warrants from CPA®:16 – Global, which had previously been granted by Hellweg 2 to CPA®:16 – Global, that had a fair value of $1.3 million at June 30, 2014. These warrants give us participation rights to any distributions made by Hellweg 2 and entitle us to a cash distribution that equals a certain percentage of the liquidity event price of Hellweg 2, should a liquidity event occur.
	(c)	These interest rate swaps do not qualify for hedge accounting; however, they do protect against fluctuations in interest rates related to the underlying variable-rate debt.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	'
	(a)	Excludes net gains recognized on unconsolidated jointly-owned investments of less than $0.1 million and $0.3 million for the three months ended June 30, 2014 and 2013, respectively, and less than $0.1 million and $0.4 million for the six months ended June 30, 2014 and 2013, respectively.
	(b)	Excludes net gains recognized on unconsolidated jointly-owned investments of $0.2 million and $0.3 million for the three months ended June 30, 2014 and 2013, respectively, and $0.3 million and $0.4 million for the six months ended June 30, 2014 and 2013, respectively.
	The following tables present the impact of our derivative instruments on the consolidated financial statements (in thousands):
			Amount of Gain (Loss) Recognized in
			Other Comprehensive (Loss) Income
			on Derivatives (Effective Portion) (a)
			Three Months Ended June 30,								Six Months Ended June 30,
	Derivatives in Cash Flow Hedging Relationships		2014				2013				2014				2013
	Interest rate swaps		$	(1,431	)		$	2,825			$	(1,617	)		$	3,653
	Interest rate caps		(4		)		13				(21		)		10
	Foreign currency forward contracts		(451		)		(1,070		)		(3,115		)		1,178
	Total		$	(1,886	)		$	1,768			$	(4,753	)		$	4,841
			Amount of Gain (Loss) Reclassified
			from Other Comprehensive
			(Loss) Income into Income (Effective Portion) (b)
			Three Months Ended June 30,								Six Months Ended June 30,
	Derivatives in Cash Flow Hedging Relationships		2014				2013				2014				2013
	Interest rate swaps		$	(634	)		$	441			$	(1,335	)		$	875
	Foreign currency forward contracts		(440		)		23				(824		)		(24		)
	Total		$	(1,074	)		$	464			$	(2,159	)		$	851
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	'
					Amount of Gain (Loss) Recognized in Income on Derivatives
	Derivatives Not in Cash Flow Hedging Relationships		Location of Gain (Loss) Recognized in Income		Three Months Ended June 30,								Six Months Ended June 30,
					2014				2013				2014				2013
	Interest rate swaps		Interest expense		$	507			$	1,729			$	985			$	3,408
	Stock warrants		Other income and (expenses)		(134		)		—				(134		)		280
	Total				$	373			$	1,729			$	851			$	3,688
Schedule of Derivative Instruments	'
	The following table presents the foreign currency derivative contracts we had outstanding at June 30, 2014, which were designated as cash flow hedges (currency in thousands):
			Number of Instruments		Notional Amount				Fair Value at
	Foreign Currency Derivatives								June 30, 2014 (a)
	Foreign currency forward contracts		76		€	170,435			$	(11,376	)
	Foreign currency forward contracts		18		£	9,630			(1,130		)
									$	(12,506	)
	__________
	(a)	Fair value amounts are based on the applicable exchange rate of the foreign currency at June 30, 2014.
	The interest rate swaps and caps that we had outstanding on our consolidated subsidiaries at June 30, 2014 are summarized as follows (currency in thousands):
			Number of Instruments		Notional Amount				Fair Value at
									June 30, 2014 (a)
	Interest Rate Derivatives
	Designated as Cash Flow Hedging Instruments
	Interest rate swaps		14		$	131,277			$	(3,846	)
	Interest rate swaps		2		€	8,276			(1,243		)
	Interest rate caps (b)		2		€	109,907			12
	Not Designated as Cash Flow Hedging Instruments
	Interest rate swaps (c)		3		€	108,695			(10,733		)
									$	(15,810	)
	__________
	(a)	Fair value amounts are based on the exchange rate of the euro at June 30, 2014, as applicable.
	(b)	The applicable interest rates of the related debt were 1.3% and 1.2%, which were below the strike prices of the caps of 3.0% and 2.0%, respectively, at June 30, 2014.
	(c)	These interest rate swaps do not qualify for hedge accounting; however, they do protect against fluctuations in interest rates related to the underlying variable-rate debt.
Schedules of Concentration of Risk, by Risk Factor	'
	The percentages in the table below represent our directly-owned real estate properties and do not include our share of equity investments.
			June 30, 2014
	Region:
	Total U.S.		66	%
	Germany		12	%
	Other Europe		21	%
	Total Europe		33	%
	Other international		1	%
	Total international		34	%
	Total		100	%
	Asset Type:
	Office		25	%
	Industrial		25	%
	Warehouse/Distribution		20	%
	Retail		16	%
	All other		14	%
	Total		100	%
	Tenant Industry:
	Retail Stores		22	%
	Electronics		10	%
	All other		68	%
	Total		100	%
	Significant Tenants:
	Hellweg Die Profi-Baumärkte GmbH & Co. KG		7	%
	Carrefour France SAS		5	%
	U-Haul Moving Partners Inc. and Mercury Partners, LP		5	%
			17	%

Debt_Tables

Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Debt	'
	Scheduled debt principal payments during the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter are as follows (in thousands):
	Years Ending December 31,		Total (a)
	2014 (remainder)		$	234,186
	2015		209,010
	2016 (b)		590,778
	2017		800,696
	2018 (c)		525,381
	Thereafter through 2038 (d)		1,435,829
			3,795,880
	Unamortized premium, net (e)		2,490
	Total		$	3,798,370
	__________
	(a)	Certain amounts are based on the applicable foreign currency exchange rate at June 30, 2014.
	(b)	Includes $250.0 million outstanding under our Term Loan Facility at June 30, 2014, which is scheduled to mature on January 31, 2016 unless extended pursuant to its terms.
	(c)	Includes $226.7 million outstanding under our Revolver at June 30, 2014, which is scheduled to mature on January 31, 2018 unless extended pursuant to its terms.
	(d)	Includes $500.0 million of outstanding Senior Unsecured Notes, which are scheduled to mature on April 1, 2024.
	(e)	Represents the unamortized premium of $4.2 million in the aggregate resulting from the assumption of property-level debt in connection with the CPA®:15 Merger and CPA®:16 Merger, partially offset by a $1.7 million unamortized discount on the Senior Unsecured Notes.

StockBased_Compensation_and_Eq1

Stock-Based Compensation and Equity (Tables)	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Schedule of Share Based Compensation Stock Option Activity	'
	Nonvested restricted stock awards, or RSAs, restricted share units, or RSUs, and performance share units, or PSUs, at June 30, 2014 and changes during the six months ended June 30, 2014 were as follows:
		RSA and RSU Awards							PSU Awards
		Shares			Weighted-Average				Shares			Weighted-Average
					Grant Date							Grant Date
					Fair Value							Fair Value
	Nonvested at January 1, 2014	519,608			$	45.19			1,220,720			$	28.28
	Granted (a)	162,962			60.33				89,653			76.05
	Vested (b)	(251,515	)		42.13				(881,388	)		15.04
	Forfeited	(667	)		68.05				—			—
	Adjustment (c)	—			—				430,590			55.04
	Nonvested at June 30, 2014 (d)	430,388			$	52.68			859,575			$	32.74
	__________
	(a)	The grant date fair value of RSAs and RSUs reflect our stock price on the date of grant. The grant date fair value of PSUs were determined utilizing a Monte Carlo simulation model to generate a range of possible future stock prices for both us and the plan defined peer index over the three-year performance period. To estimate the fair value of PSUs granted during the six months ended June 30, 2014, we used a risk-free interest rate of 0.65% and an expected volatility rate of 25.89% (the plan defined peer index assumes 21.77%) and assumed a dividend yield of zero.
	(b)	The total fair value of shares vested during the six months ended June 30, 2014 was $23.9 million. Employees have the option to take immediate delivery of the shares upon vesting or defer receipt to a future date, pursuant to previously-made deferral elections. At June 30, 2014, we had an obligation to issue 889,863 shares of our common stock underlying such deferred shares, which is recorded within W. P. Carey stockholders’ equity as a Deferred compensation obligation of $30.6 million.
	(c)	Vesting and payment of the PSUs is conditioned upon certain company and market performance goals being met during the relevant three-year performance period. The ultimate number of PSUs to be vested will depend on the extent to which the performance goals are met and can range from zero to three times the original awards. In connection with the payment of the PSUs granted in 2011 that were paid out in February 2014, we adjusted the shares during the three months ended March 31, 2014 to reflect the actual number of shares issued. During the three months ended June 30, 2014, we also adjusted the number of PSUs expected to vest based on updated forecasted performance targets. There was no impact on our consolidated financial statements related to these adjustments, as the initial fair value of our PSUs factored in the variability associated with the performance features of these awards.
	(d)	At June 30, 2014, total unrecognized compensation expense related to these awards was approximately $37.3 million, with an aggregate weighted-average remaining term of 1.78 years.
Earnings Per Share Reconciliation	'
	The following table summarizes basic and diluted earnings (in thousands, except share amounts):
		Three Months Ended June 30,								Six Months Ended June 30,
		2014				2013				2014				2013
	Net income attributable to W. P. Carey	$	64,739			$	43,167			$	178,915			$	57,348
	Allocation of distribution equivalents paid on unvested RSUs and RSAs in excess of income	(277		)		(316		)		(765		)		(419		)
	Net income – basic	64,462				42,851				178,150				56,929
	Income effect of dilutive securities, net of taxes	(60		)		(24		)		82				(53		)
	Net income – diluted	$	64,402			$	42,827			$	178,232			$	56,876
	Weighted average shares outstanding – basic	100,236,362				68,406,771				94,855,067				68,776,108
	Effect of dilutive securities	758,863				1,087,131				1,002,849				1,094,741
	Weighted average shares outstanding – diluted	100,995,225				69,493,902				95,857,916				69,870,849
Redeemable Noncontrolling Interest	'
	The following table presents a reconciliation of redeemable noncontrolling interest (in thousands):
			Six Months Ended June 30,
			2014				2013
	Beginning balance		$	7,436			$	7,531
	Redemption value adjustment		(306		)		—
	Net income (loss)		151				(93		)
	Distributions		(836		)		(335		)
	Change in other comprehensive loss		(27		)		(21		)
	Ending balance		$	6,418			$	7,082
	The following table presents a reconciliation of the effect of transfers in noncontrolling interest (in thousands):
			Six Months Ended June 30,
			2014				2013
	Net income attributable to W. P. Carey		$	178,915			$	57,348
	Transfers to noncontrolling interest
	Decrease in W. P. Carey’s additional paid-in capital for purchases of less-than-wholly-owned investments in connection with the CPA®:16 Merger (a)		(41,374		)		—
	Net transfers to noncontrolling interest		(41,374		)		—
	Change from net income attributable to W. P. Carey and transfers to noncontrolling interest		$	137,541			$	57,348
	__________
	(a)	During the second quarter of 2014, we identified certain measurement period adjustments that impacted the provisional accounting, which increased the fair value of our previously-held noncontrolling interests on the acquisition date by $0.6 million, resulting in a reduction of $0.6 million to additional paid-in-capital.
Reclassification Out of Accumulated Other Comprehensive Income	'
	The following tables present a reconciliation of changes in Accumulated other comprehensive income by component for the periods presented (in thousands):
		Three Months Ended June 30, 2014
		Realized and Unrealized Gains (Losses) on Derivative Instruments				Foreign Currency Translation Adjustments				Unrealized Appreciation (Depreciation) on Marketable Securities				Total
	Beginning balance	$	(10,285	)		$	27,680			$	48			$	17,443
	Other comprehensive loss before reclassifications	(3,001		)		(1,590		)		(5		)		(4,596		)
	Amounts reclassified from accumulated other comprehensive income to:
	Interest expense	634				—				—				634
	Other income and (expenses)	440				—				—				440
	Net income from equity investments in real estate and the Managed REITs	160				—				—				160
	Total	1,234				—				—				1,234
	Net current period other comprehensive loss	(1,767		)		(1,590		)		(5		)		(3,362		)
	Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	—				134				—				134
	Ending balance	$	(12,052	)		$	26,224			$	43			$	14,215
		Three Months Ended June 30, 2013
		Realized and Unrealized Gains (Losses) on Derivative Instruments				Foreign Currency Translation Adjustments				Unrealized Appreciation (Depreciation) on Marketable Securities				Total
	Beginning balance	$	(4,333	)		$	(5,112	)		$	31			$	(9,414	)
	Other comprehensive income before reclassifications	1,300				5,094				—				6,394
	Amounts reclassified from accumulated other comprehensive income to:
	Interest expense	441				—				—				441
	Other income and (expenses)	23				—				—				23
	Net income from equity investments in real estate and the Managed REITs	316				—				—				316
	Total	780				—				—				780
	Net current period other comprehensive income	2,080				5,094				—				7,174
	Net current period other comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interest	—				(744		)		—				(744		)
	Ending balance	$	(2,253	)		$	(762	)		$	31			$	(2,984	)
		Six Months Ended June 30, 2014
		Realized and Unrealized Gains (Losses) on Derivative Instruments				Foreign Currency Translation Adjustments				Unrealized Appreciation (Depreciation) on Marketable Securities				Total
	Beginning balance	$	(7,488	)		$	22,793			$	31			$	15,336
	Other comprehensive (loss) income before reclassifications	(7,002		)		2,956				12				(4,034		)
	Amounts reclassified from accumulated other comprehensive income to:
	Interest expense	1,335				—				—				1,335
	Other income and (expenses)	824				—				—				824
	Net income from equity investments in real estate and the Managed REITs	279				—				—				279
	Total	2,438				—				—				2,438
	Net current period other comprehensive (loss) income	(4,564		)		2,956				12				(1,596		)
	Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	—				475				—				475
	Ending balance	$	(12,052	)		$	26,224			$	43			$	14,215
		Six Months Ended June 30, 2013
		Realized and Unrealized Gains (Losses) on Derivative Instruments				Foreign Currency Translation Adjustments				Unrealized Appreciation (Depreciation) on Marketable Securities				Total
	Beginning balance	$	(7,508	)		$	2,828			$	31			$	(4,649	)
	Other comprehensive income (loss) before reclassifications	3,984				(4,658		)		—				(674		)
	Amounts reclassified from accumulated other comprehensive income to:
	Interest expense	875				—				—				875
	Other income and (expenses)	(24		)		—				—				(24		)
	Net income from equity investments in real estate and the Managed REITs	420				—				—				420
	Total	1,271				—				—				1,271
	Net current period other comprehensive income (loss)	5,255				(4,658		)		—				597
	Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	—				1,068				—				1,068
	Ending balance	$	(2,253	)		$	(762	)		$	31			$	(2,984	)

Income_Taxes_Tables

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Effective Income Tax Rate Reconciliation	'
	A reconciliation of the provision for income taxes with the amount computed by applying the statutory federal income tax rate to income before provision for income taxes for the periods presented is as follows (in thousands, except percentages):
		Six Months Ended June 30,
		2014					2013
	Income from continuing operations before income taxes, net of amounts attributable to noncontrolling interests	$	160,097				$	53,651
	Pre-tax income attributable to pass-through subsidiaries	(151,203		)			(62,144		)
	Pre-tax income (loss) attributable to taxable subsidiaries	8,894					(8,493		)
	Federal provision at statutory tax rate (35%)	3,113			35	%	(2,972		)	35	%
	State and local taxes, net of federal benefit	978			11	%	(157		)	1.8	%
	Recognition of deferred revenue as a result of the CPA®:16 Merger (a)	4,848			54.5	%	—			—	%
	Amortization of intangible assets	—			—	%	121			(1.4	)%
	Interest	1,739			19.6	%	—			—	%
	Other	536			6	%	(1,120		)	13.2	%
	Tax provision — taxable subsidiaries	11,214			126.1	%	(4,128		)	48.6	%
	Deferred foreign tax benefit (b)	(6,427		)			—
	Current foreign taxes	4,422					1,462
	Other state and local taxes	1,084					325
	Total provision (benefit)	$	10,293				$	(2,341	)
	__________
	(a)	Represents income tax expense due to a permanent difference from the recognition of deferred revenue as a result of the accelerated vesting of shares previously issued by CPA®:16 – Global for asset management and performance fees and the payment of deferred acquisition fees in connection with the CPA®:16 Merger.
	(b)	Represents deferred tax benefit associated with basis differences on certain foreign properties acquired.

Property_Dispositions_and_Disc1

Property Dispositions and Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	'
	The results of operations for properties that have been classified as held-for-sale or have been sold prior to January 1, 2014 and the properties that were acquired as held-for-sale in the CPA®:16 Merger, are reflected in the consolidated financial statements as discontinued operations, net of tax and are summarized as follows (in thousands):
		Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
	Revenues	$	2,013		$	10,539		$	8,230		$	18,148
	Expenses	(389		)	(5,844		)	(1,791		)	(11,990		)
	Gain (loss) on extinguishment of debt	249			28			(1,271		)	98
	Gain on sale of real estate	24,587			1,312			27,685			382
	Impairment charges	—			(1,671		)	—			(4,950		)
	Income from discontinued operations	$	26,460		$	4,364		$	32,853		$	1,688

Segment_Reporting_Tables

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	'
	The following tables present a summary of comparative results and assets for these business segments (in thousands):
		Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
	Real Estate Ownership
	Revenues	$	176,734		$	77,657		$	311,806		$	154,141
	Operating expenses (a)	(93,112		)	(42,593		)	(200,339		)	(82,491		)
	Interest expense	(47,733		)	(25,750		)	(86,808		)	(51,334		)
	Other income and expenses, excluding interest expense	8,408			34,752			122,191			46,517
	(Provision for) benefit from income taxes	(3,142		)	(2,396		)	909			(3,571		)
	Loss on sale of real estate, net of tax	(3,821		)	(333		)	(3,742		)	(332		)
	Net income attributable to noncontrolling interests	(2,325		)	(2,594		)	(3,713		)	(4,819		)
	Net (loss) income attributable to noncontrolling interests of discontinued operations	(43		)	330			(178		)	608
	Income from continuing operations attributable to W. P. Carey	$	34,966		$	39,073		$	140,126		$	58,719
	Investment Management
	Revenues (b)	$	76,173		$	34,564		$	150,110		$	64,110
	Operating expenses (b) (c)	(68,245		)	(38,218		)	(132,624		)	(73,514		)
	Other income and expenses, excluding interest expense	161			239			(167		)	529
	(Provision for) benefit from income taxes	(4,911		)	3,530			(11,202		)	5,912
	Net (income) loss attributable to noncontrolling interests	(19		)	(98		)	(208		)	419
	Net loss (income) attributable to redeemable noncontrolling interests	111			43			(151		)	93
	Income (loss) from continuing operations attributable to W. P. Carey	$	3,270		$	60		$	5,758		$	(2,451	)
	Total Company
	Revenues (b)	$	252,907		$	112,221		$	461,916		$	218,251
	Operating expenses (b) (c)	(161,357		)	(80,811		)	(332,963		)	(156,005		)
	Interest expense	(47,733		)	(25,750		)	(86,808		)	(51,334		)
	Other income and expenses, excluding interest expense	8,569			34,991			122,024			47,046
	(Provision for) benefit from income taxes	(8,053		)	1,134			(10,293		)	2,341
	Loss on sale of real estate, net of tax	(3,821		)	(333		)	(3,742		)	(332		)
	Net income attributable to noncontrolling interests	(2,344		)	(2,692		)	(3,921		)	(4,400		)
	Net (loss) income attributable to noncontrolling interests of discontinued operations	(43		)	330			(178		)	608
	Net loss (income) attributable to redeemable noncontrolling interests	111			43			(151		)	93
	Income from continuing operations attributable to W. P. Carey	$	38,236		$	39,133		$	145,884		$	56,268
	(a)	Includes expenses incurred of $30.4 million related to the CPA®:16 Merger for the six months ended June 30, 2014.
	(b)	Included in revenues and operating expenses are reimbursable costs from affiliates totaling $47.7 million and $18.5 million for the three months ended June 30, 2014 and 2013, respectively, and $93.4 million and 33.6 million for the six months ended June 30, 2014 and 2013, respectively.
	(c)	Includes Stock-based compensation expense of $8.0 million and $8.4 million for the three months ended June 30, 2014 and 2013, respectively, of which $7.7 million and $7.5 million, respectively, were included in the Investment Management segment; and $15.0 million and $17.6 million for the six months ended June 30, 2014 and 2013, respectively, of which $14.6 million and $16.5 million, respectively, were included in the Investment Management segment.
Reconciliation Of Assets From Segment To Consolidated	'
	(d)	Consists of Net investments in real estate.
		Total Long-Lived Assets at (d)						Total Assets at
		June 30, 2014			December 31, 2013			June 30, 2014			December 31, 2013
	Real Estate Ownership	$	5,456,613		$	3,333,654		$	8,155,305		$	4,537,853
	Investment Management	—			—			138,443			141,097
	Total Company	$	5,456,613		$	3,333,654		$	8,293,748		$	4,678,950
Schedule Of International Investment By Segment	'
	The following tables present the geographic information (in thousands):
		Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
	Domestic
	Revenues	$	119,652		$	54,189		$	207,112		$	107,831
	Income from continuing operations before income taxes and after loss on sale of real estate, net of tax	30,851			40,502			144,773			57,324
	Net income attributable to noncontrolling interests	(1,123		)	(2,692		)	(2,239		)	(4,810		)
	Net income attributable to W. P. Carey	51,009			41,432			170,625			53,442
	International
	Revenues	$	57,082		$	23,468		$	104,694		$	46,310
	Income from continuing operations before income taxes and after loss on sale of real estate, net of tax	13,446			3,564			2,077			9,509
	Net (income) loss attributable to noncontrolling interests	(1,202		)	98			(1,474		)	(9		)
	Net income attributable to W. P. Carey	10,460			1,675			2,532			6,357
	Total
	Revenues	$	176,734		$	77,657		$	311,806		$	154,141
	Income from continuing operations before income taxes and after loss on sale of real estate, net of tax	44,297			44,066			146,850			66,833
	Net income attributable to noncontrolling interests	(2,325		)	(2,594		)	(3,713		)	(4,819		)
	Net income attributable to W. P. Carey	61,469			43,107			173,157			59,799
		30-Jun-14			31-Dec-13
	Domestic
	Long-lived assets (a)	$	3,744,496		$	2,172,549
	Non-recourse debt	1,641,439			874,035
	International
	Long-lived assets (a)	$	1,712,117		$	1,161,105
	Non-recourse debt	1,181,976			618,375
	Total
	Long-lived assets (a)	$	5,456,613		$	3,333,654
	Non-recourse debt	2,823,415			1,492,410
	__________
	(a)	Consists of Net investments in real estate.

Business_Narratives_Details

Business (Narratives) (Details)	6 Months Ended
	Jun. 30, 2014
	tenant
	sqft
	property
Additional disclosures	'
Number of real estate properties	686
Number of tenants	216
Square footage of real estate properties	81,800,000
Occupancy rate	98.50%
Managed REITs	'
Additional disclosures	'
Number of real estate properties	375
Number of tenants	119
Square footage of real estate properties	39,600,000
Occupancy rate	99.96%
Managed REITs | Operating real estate	'
Additional disclosures	'
Number of real estate properties	100
Square footage of real estate properties	10,600,000

Basis_of_Presentation_Narrativ

Basis of Presentation (Narratives) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
	entity
	investment
Basis of Consolidation	'
Tenancy in common	6
Variable interest entities acquired	12
CWI 2	'
Basis of Consolidation	'
Maximum offering amount, value	1,000,000,000
Stock authorized during period, share value dividend reinvestment plan	400,000,000
Consolidated	'
Basis of Consolidation	'
Tenancy in common	5

Merger_with_CPA16_Global_Narra

Merger with CPA®:16 – Global (Narratives) (Details) (USD $)

3 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

3 Months Ended

5 Months Ended

6 Months Ended

18 Months Ended

3 Months Ended

0 Months Ended

6 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

3 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jan. 31, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Jan. 31, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2012

Mar. 31, 2014

Jan. 31, 2014

Jun. 30, 2014

Mar. 31, 2014

Jan. 31, 2014

Jun. 30, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jun. 30, 2014

Jan. 31, 2014

Jun. 30, 2014

Jun. 30, 2014

property

property

Jointly Owned Investments

Assets held-for-sale

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Additional Paid-in Capital

Additional Paid-in Capital

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

Hotel

Hotel

Measurement period adjustment

Measurement period adjustment

property

Net operating income

Net operating income

Estimated residual value

Estimated residual value

Residual capitalization rates

Residual capitalization rates

Cash flows

Cash flows

investment

Previously held equity interest

Previously held equity interest

Jointly Owned Investments

Jointly Owned Investments

Jointly Owned Investments

Jointly Owned Investments

Consolidated or partially leased investments

Consolidated or partially leased investments

Consolidated or partially leased investments

Equity method investments

Equity method investments

Equity method investments

Assets held-for-sale

Premium on Stock Price

property

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

investment

investment

property

Fixed interest rate

Variable interest rate

investment

Fixed interest rate

Variable interest rate

property

Consolidated or partially leased investments

loan

loan

property

loan

loan

property

Merger Disclosure

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share per share exchange rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.183

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Per share exchange rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$11.25

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Per share closing price

'

'

'

'

'

$59.08

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Merger consideration

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,816,859,000

$1,816,859,000

$1,800,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash consideration

'

'

1,338,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,338,000

1,338,000

1,338,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares issued as compensation, shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30,729,878

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of W.P.Carey shares of common stock issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,815,521,000

1,815,521,000

1,815,521,000

1,815,521,000

1,815,521,000

1,815,521,000

1,815,521,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares of acquired entity received

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

168,041,772

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of real estate properties

686

'

686

'

'

'

'

9

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

325

'

'

140

'

'

10

'

2

2

'

'

Number of investments consolidated after merger

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5

'

'

'

'

'

'

'

'

Weighted average lease term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'10 years 4 months 24 days

'

'

'8 years 7 months 6 days

'

'

'

'

'

'

'

'

Triple-net lease, current minimum base rent receivable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

300,100,000

'

'

63,900,000

'

'

'

'

'

'

'

'

Mortgage loans on real estate, interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.60%

'

'

4.80%

'

'

'

'

'

'

'

'

Lease revenues

148,253,000

73,984,000

271,320,000

146,444,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

70,300,000

115,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Income from operations

44,333,000

41,785,000

153,876,000

60,299,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

27,500,000

35,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Income attributable to noncontrolling interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,800,000

1,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Merger and acquisition expense

1,137,000

3,128,000

30,751,000

3,249,000

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30,400,000

10,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Consideration

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,059,840,000

2,057,914,000

2,059,840,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,926,000

Total identifiable net assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,810,597,000

1,808,287,000

'

1,810,597,000

1,810,597,000

1,810,597,000

1,810,597,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,310,000

2,310,000

Amounts attributable to noncontrolling interests

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-99,633,000

-99,345,000

-99,633,000

-99,633,000

-99,633,000

-99,633,000

-99,633,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-288,000

-288,000

Goodwill

698,891,000

'

698,891,000

'

350,208,000

'

'

'

'

'

'

'

'

'

'

'

'

'

348,876,000

348,972,000

348,876,000

348,876,000

348,876,000

348,876,000

348,876,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

428,500,000

'

'

-96,000

-96,000

Increase in market value of stock price, per share

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2.55

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net asset value, per share

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$8.70

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain on change in control of interests

0

0

104,645,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

73,100,000

'

'

'

'

30,200,000

'

'

'

'

'

'

'

'

'

'

'

'

Recognition of deferred revenue as a result of the CPA®:16 Merger

'

'

4,848,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Carrying value of equity investment in CPA pre merger

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

274,100,000

'

'

'

'

'

'

'

'

'

142,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares owned

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

38,229,294

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Valuation techniques

'

'

'•Discount rates applied to the estimated net operating income of each property ranged from approximately 4.75% to 15.25%;•Discount rates applied to the estimated residual value of each property ranged from approximately 4.75% to 14.00%;•Residual capitalization rates applied to the properties ranged from approximately 5.00% to 12.50%;•The fair market value of the property level debt was determined based upon available market data for comparable liabilities and by applying selected discount rates to the stream of future debt payments; and•Discount rates applied to the property level debt cash flows ranged from approximately 1.80% to 8.75%.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Discount rate

'

'

'

'

'

'

5.00%

'

4.75%

15.25%

4.75%

14.00%

5.00%

12.50%

1.80%

8.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount outstanding (line of credit)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

170,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans outstanding, count

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

92

18

'

17

5

'

'

'

'

'

'

Non-recourse debt

2,823,415,000

'

2,823,415,000

'

1,492,410,000

'

'

'

'

'

'

'

'

'

'

'

'

'

1,768,288,000

1,768,288,000

1,768,288,000

1,768,288,000

1,768,288,000

1,768,288,000

1,768,288,000

'

'

'

'

'

'

'

'

'

'

300,000,000

'

'

'

'

'

'

'

'

Number of unconsolidated investments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of consolidated investments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11

'

'

'

'

'

'

'

'

Number of jointly owned investments with affiliate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12

'

'

9

'

'

'

'

2

'

'

'

'

'

'

'

'

Purchase on remaining interest

'

'

280,936,000

'

'

'

'

'

'

'

'

'

'

'

'

'

42,000,000

41,374,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Carrying value of noncontrolling interest acquired from entity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

236,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of noncontrolling interests acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

278,187,000

278,829,000

278,187,000

278,187,000

278,187,000

278,187,000

278,187,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-642,000

-642,000

Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA:16 prior to the CPA:16 Merger

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$348,448,000

$347,164,000

$348,448,000

'

'

'

'

'

'

'

$172,720,000

$172,720,000

$172,720,000

'

'

'

'

'

'

'

'

'

'

'

$1,284,000

'

Merger_with_CPA16_Global_Detai

Merger with CPA®:16 – Global (Details 1) (USD $)	6 Months Ended			0 Months Ended				3 Months Ended	0 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Mar. 31, 2014	Jan. 31, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Jan. 31, 2014
				CPA: 16 - Global	CPA: 16 - Global	CPA: 16 - Global	CPA: 16 - Global	CPA: 16 - Global	Jointly Owned Investments	Jointly Owned Investments	Jointly Owned Investments
							Measurement period adjustment	Measurement period adjustment	CPA: 16 - Global	CPA: 16 - Global	CPA: 16 - Global
Total Consideration	'	'	'	'	'	'	'	'	'	'	'
Fair value of W.P.Carey shares of common stock issued	'	'	'	$1,815,521	$1,815,521	$1,815,521	'	'	'	'	'
Cash consideration for fractional shares	1,338	0	'	1,338	1,338	1,338	'	'	'	'	'
Merger consideration	'	'	'	1,816,859	1,816,859	1,800,000	'	'	'	'	'
Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA:16 prior to the CPA:16 Merger	'	'	'	348,448	347,164	348,448	1,284	'	172,720	172,720	172,720
Fair value of noncontrolling interests acquired	'	'	'	-278,187	-278,829	-278,187	642	642	'	'	'
Total Consideration	'	'	'	2,059,840	2,057,914	2,059,840	'	1,926	'	'	'
Assets Acquired at Fair Value	'	'	'	'	'	'	'	'	'	'	'
Net investments in properties	4,365,388	'	2,353,391	1,970,175	1,969,274	1,970,175	901	901	'	'	'
Net investments in direct financing leases	880,000	'	363,420	538,225	538,607	538,225	-382	-382	'	'	'
Equity investments in real estate	211,225	'	530,020	74,367	74,367	74,367	'	'	'	'	'
Assets held for sale	0	'	86,823	133,415	132,951	133,415	464	464	'	'	'
In-place lease, net	966,406	'	467,127	553,723	553,479	553,723	244	244	'	'	'
Above-market rent	570,498	'	241,975	395,824	395,663	395,824	161	161	'	'	'
Cash and cash equivalents	'	'	'	65,429	65,429	65,429	'	'	'	'	'
Other assets	'	'	'	82,032	82,032	82,032	'	'	'	'	'
Assets Acquired at Fair value	'	'	'	3,813,190	3,811,802	'	1,388	1,388	'	'	'
Liabilities Assumed at Fair Value	'	'	'	'	'	'	'	'	'	'	'
Non-recourse debt	-2,823,415	'	-1,492,410	-1,768,288	-1,768,288	-1,768,288	'	'	'	'	'
Below-market rent intangibles	'	'	'	-57,569	-57,209	-57,569	-360	-360	'	'	'
Accounts payable, accrued expenses and other liabilities	'	'	'	-118,389	-118,389	-118,389	'	'	'	'	'
Deferred tax liability	'	'	'	-58,347	-59,629	-58,347	1,282	1,282	'	'	'
Liabilities Assumed at Fair Value	'	'	'	-2,002,593	-2,003,515	'	922	922	'	'	'
Total identifiable net assets	'	'	'	1,810,597	1,808,287	'	2,310	2,310	'	'	'
Amounts attributable to noncontrolling interests	'	'	'	-99,633	-99,345	-99,633	-288	-288	'	'	'
Goodwill	698,891	'	350,208	348,876	348,972	348,876	-96	-96	'	'	'
Net acquisition	'	'	'	$2,059,840	$2,057,914	'	$1,926	$1,926	'	'	'

Merger_with_CPA16_Global_Detai1

Merger with CPA®:16 – Global (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Pro Forma Financial Information	'	'	'	'
Pro forma total revenue	$252,907	$185,568	$487,032	$362,085
Pro forma net income from continuing operations, net of tax	40,469	41,225	78,409	113,700
Pro forma net income attributable to noncontrolling interests	-2,344	-1,807	-2,916	-2,536
Pro forma net loss (income) attributable to redeemable noncontrolling interest	111	-349	-151	1,602
Pro forma net income from continuing operations, net of tax attributable to W. P. Carey	$38,236	$39,069	$75,342	$112,766
Pro forma earnings per share	'	'	'	'
Basic (in dollar per share)	$0.38	$0.39	$0.75	$1.13
Diluted (in dollar per share)	$0.38	$0.39	$0.75	$1.12
Pro forma weighted average shares	'	'	'	'
Basic (in shares)	100,236,362	99,136,649	99,976,714	99,505,986
Diluted (in shares)	100,995,225	100,223,780	100,875,283	100,600,727

Agreements_and_Transactions_wi2

Agreements and Transactions with Related Parties (Narratives) (Details) (USD $)

0 Months Ended

1 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

6 Months Ended

Apr. 04, 2013

Feb. 28, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jan. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 25, 2014

Jun. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Long-term net lease

Long-term net lease

Long-term net lease

Maximum

Minimum

CPA: 16 - Global

CPA: 17 - Global

CPA: 17 - Global

CPA: 17 - Global

CPA: 17 - Global

CPA:18 - Global

CPA:18 - Global

CPA:18 - Global

CPA:18 - Global

CPA:18 - Global

CPA:18 - Global

CPA:18 - Global

CWI

CWI

CWI

CWI

CWI

CWI

CWI

Current

Deferred

Average invested assets

Maximum

Minimum

Minimum

Event III

Class A

Class C

Maximum

Minimum

Contract sales price of investment

Lodging-related investments

Maximum

Average equity value

Average equity value

Long-term net lease

Average invested assets

Average invested assets

Contract sales price of investment

Average market value

Revenue from related parties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of asset management fees earned

'

'

'

'

'

'

'

'

'

0.50%

'

1.75%

'

0.50%

'

'

'

'

'

1.50%

0.50%

'

'

'

'

'

0.50%

'

Structuring revenue

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of acquisition fees earned

'

'

'

'

4.50%

2.50%

2.00%

'

'

'

'

1.75%

0.00%

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

'

6.00%

Installment Period for Deferred Acquisition Fee Receivable

'

'

'three years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan refinancing fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

Unpaid transaction fee interest rate

'

'

'

'

'

'

'

5.00%

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reimbursed costs from affiliates and wholesaling revenue

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Selling commission per share sold

'

'

'

'

'

'

'

'

'

'

$0.65

'

'

'

'

'

'

$0.70

$0.14

'

'

'

$0.70

'

$0.70

'

'

'

Dealer manager fee per share sold

'

'

'

'

'

'

'

'

'

'

$0.35

'

'

'

'

'

'

$0.30

$0.21

'

'

'

$0.30

'

$0.30

'

'

'

Shareholder servicing, percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

Underwriting compensation limit, percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

Maximum percent of offering proceeds

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

Maximum percentage of follow-on offering proceeds

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.00%

'

'

'

'

'

Organization and offering costs incurred

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7,100,000

'

'

'

'

'

'

'

$11,800,000

'

'

'

'

'

Reimbursed offering costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,400,000

'

'

'

'

'

'

'

11,100,000

'

'

'

'

'

Aggregate gross proceeds threshold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.50%

'

'

'

'

'

'

'

'

'

'

'

Distributions Of Available Cash and Deferred Revenue Earned

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of available cash distribution to advisor

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other Transactions with Affiliates

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit, maximum borrowing amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000,000

'

'

'

'

'

'

'

50,000,000

'

'

'

'

Loans receivable, related party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,000,000

'

'

'

'

'

'

Interest rate on loan

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.10%

'

'

'

'

'

'

Receivable maturity date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30-Jun-15

'

'

'

'

'

'

Ownership interest in joint ventures

'

'

'

'

'

'

'

90.00%

3.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share Purchase Agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Redemption value adjustment

'

'

0

40,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock repurchased during period, shares

616,971

11,037

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repurchase of common stock

$40,000,000

$700,000

$677,000

$40,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock market value on exercise date

$64.83

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Agreements_and_Transactions_wi3

Agreements and Transactions with Related Parties (Details 1) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue from related parties:	'	'	'	'
Reimbursable costs from affiliates	$41,925	$15,467	$81,657	$27,435
Structuring revenue	17,254	6,422	35,005	12,764
Distributions of Available Cash	5,235	8,677	15,681	16,568
Asset management revenue	9,022	10,331	18,776	20,324
Dealer manager fees	7,949	2,320	14,626	3,542
Deferred revenue earned	0	2,123	786	4,246
Interest income on deferred acquisition fees and loans to affiliates	163	224	337	479
Total deferred revenue earned	$81,548	$45,564	$166,868	$85,358

Agreements_and_Transactions_wi4

Agreements and Transactions with Related Parties (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Related Party Transaction	'	'	'	'
Revenue from related parties	$81,548	$45,564	$166,868	$85,358
CPA: 16 - Global	'	'	'	'
Related Party Transaction	'	'	'	'
Revenue from related parties	0	12,128	7,999	26,070
CPA: 17 - Global	'	'	'	'
Related Party Transaction	'	'	'	'
Revenue from related parties	16,645	14,617	32,472	29,609
CPA:18 - Global	'	'	'	'
Related Party Transaction	'	'	'	'
Revenue from related parties	42,654	0	98,831	0
CWI	'	'	'	'
Related Party Transaction	'	'	'	'
Revenue from related parties	$22,249	$18,819	$27,566	$29,679

Agreements_and_Transactions_wi5

Agreements and Transactions with Related Parties (Details 3) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Due from affiliates	'	'
Deferred acquisition fees receivable	$18,515	$19,684
Note receivable from CWI, including interest thereon	11,002	0
Accounts receivable	3,623	3,716
Current acquisition fees receivable	3,242	4,149
Organization and offering costs	1,926	2,700
Reimbursable costs	1,208	334
Asset management fee receivable	0	1,451
Due from affiliates	$39,516	$32,034

Agreements_and_Transactions_wi6

Agreements and Transactions with Related Parties (Details 4) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Redeemable Securities	'	'
Beginning balance	$0	$40,000
Redemption of securities	0	-40,000
Ending balance	$0	$0

Net_Investments_in_Properties_1

Net Investments in Properties (Narratives) (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Mar. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

property

Direct financing lease

Assets held-for-sale

Assets held-for-sale

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

Real estate

Real estate

Real estate

Business combination

Business combination

Business combination

Hotel

Self-storage

property

Assets held-for-sale

CPA: 16 - Global

Office Building

Distribution Facility

property

property

property

property

Real Estate Properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of real estate properties

686

'

'

'

9

'

'

'

10

'

'

225

'

'

'

2

2

Net investments in properties

$4,365,388,000

$2,353,391,000

'

'

'

$1,970,175,000

$1,969,274,000

$1,970,175,000

'

$4,283,456,000

$2,348,249,000

'

'

'

'

'

'

Reclassification to real estate owned

'

'

7,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reclassification from real estate owned

'

'

'

1,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Investments in real estate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investment purchase price

'

'

'

'

'

'

'

'

'

'

'

'

89,100,000

41,900,000

47,200,000

'

'

Land acquired

'

'

'

'

'

'

'

'

'

'

'

'

13,300,000

'

'

'

'

Buildings acquired

'

'

'

'

'

'

'

'

'

'

'

'

60,300,000

'

'

'

'

Acquired finite-lived intangible asset, business combination

'

'

'

'

'

'

'

'

'

'

'

'

15,500,000

'

'

'

'

Acquisition costs, expensed

'

'

'

'

'

'

'

'

'

'

'

'

200,000

'

'

'

'

Assets Held For Sale

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets held for sale

$0

$86,823,000

'

'

'

$133,415,000

$132,951,000

$133,415,000

'

'

'

'

'

'

'

'

'

Net_Investments_in_Properties_2

Net Investments in Properties (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Real Estate Investment Property At Cost	'	'
Accumulated depreciation	($217,155)	($168,958)
Net investments in properties	4,365,388	2,353,391
Real estate	'	'
Real Estate Investment Property At Cost	'	'
Land	1,107,594	534,697
Buildings	3,375,775	1,972,107
Real estate under construction	14,630	9,521
Accumulated depreciation	-214,543	-168,076
Net investments in properties	4,283,456	2,348,249
Operating real estate	'	'
Real Estate Investment Property At Cost	'	'
Land	7,027	1,097
Buildings	77,517	4,927
Accumulated depreciation	-2,612	-882
Net investments in properties	$81,932	$5,142

Recovered_Sheet1

Net investments in Properties (Details 2) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Long Lived Assets Held-for-sale	'	'
Assets held for sale	$0	$86,823
Below-market rent and other intangible liabilities, net	'	'
Long Lived Assets Held-for-sale	'	'
Assets held for sale	0	-1,808
Real Estate	'	'
Long Lived Assets Held-for-sale	'	'
Assets held for sale	0	62,466
Above-market rent intangible assets, net	'	'
Long Lived Assets Held-for-sale	'	'
Assets held for sale	0	13,872
In-place lease intangible assets, net	'	'
Long Lived Assets Held-for-sale	'	'
Assets held for sale	$0	$12,293

Finance_Receivables_Narratives

Finance Receivables (Narratives) (Details) (USD $)	3 Months Ended		6 Months Ended						6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Mar. 31, 2014	Jan. 31, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
						CPA: 16 - Global	CPA: 16 - Global	CPA: 16 - Global	CPA: 16 - Global	Direct financing lease	Measurement period adjustment
								lease	B Note		CPA: 16 - Global
Finance Receivables	'	'	'	'	'	'	'	'	'	'	'
Interest income from direct financing lease	$21,400,000	$9,400,000	$38,600,000	$18,800,000	'	'	'	'	'	'	'
Number of DFL acquired from Merger	'	'	'	'	'	'	'	98	'	'	'
Reclassification to real estate owned	'	'	'	'	'	'	'	'	'	7,000,000	'
Net investments in direct financing leases	880,000,000	'	880,000,000	'	363,420,000	538,225,000	538,607,000	538,225,000	'	'	-382,000
Real Estate Investment Property, Net	4,365,388,000	'	4,365,388,000	'	2,353,391,000	1,970,175,000	1,969,274,000	1,970,175,000	'	'	901,000
Accounts receivable billed under direct financing lease	2,300,000	'	2,300,000	'	100,000	'	'	'	'	'	'
Notes receivable	$21,003,000	'	$21,003,000	'	$0	$11,100,000	'	'	$9,900,000	'	'
Interest rate on note	'	'	'	'	'	'	'	'	6.30%	'	'
Notes receivable maturity date	'	'	'	'	'	'	'	'	11-Feb-15	'	'
Installment Period for Deferred Acquisition Fee Receivable	'	'	'three years	'	'	'	'	'	'	'	'
Financing receivable credit quality additional information	'	'	'We generally seek investments in facilities that we believe are critical to a tenant’s business and that we believe have a low risk of tenant default. At both June 30, 2014 and December 31, 2013, none of the balances of our finance receivables were past due and we had not established any allowances for credit losses.	'	'	'	'	'	'	'	'
Financing receivable credit quality range of dates ratings updated	'	'	'The credit quality evaluation of our finance receivables was last updated in the second quarter of 2014.	'	'	'	'	'	'	'	'

Finance_Receivables_Details_1

Finance Receivables (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Net Investments in Direct Financing Leases	'	'
Minimum lease payments receivable	$1,018,305	$466,182
Unguaranteed residual value	881,192	363,903
Gross minimum lease payments receivable	1,899,497	830,085
Less: unearned income	-1,019,497	-466,665
Net investments in direct financing leases	$880,000	$363,420

Finance_Receivables_Details_2

Finance Receivables (Details 2) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	tenant
Credit Quality Of Finance Receivables	'	'
Number of tenants	216	'
Net investments in direct financing leases	$880,000	$363,420
Notes receivable	21,003	0
Internally Assigned Grade 1	'	'
Credit Quality Of Finance Receivables	'	'
Number of tenants	4	3
Net investments in direct financing leases	86,064	42,812
Number of obligors	0	0
Notes receivable	0	0
Internally Assigned Grade 2	'	'
Credit Quality Of Finance Receivables	'	'
Number of tenants	3	3
Net investments in direct financing leases	27,630	27,869
Number of obligors	1	0
Notes receivable	9,929	0
Internally Assigned Grade 3	'	'
Credit Quality Of Finance Receivables	'	'
Number of tenants	21	8
Net investments in direct financing leases	622,001	284,968
Number of obligors	1	0
Notes receivable	11,074	0
Internally Assigned Grade 4	'	'
Credit Quality Of Finance Receivables	'	'
Number of tenants	7	1
Net investments in direct financing leases	144,305	7,771
Number of obligors	0	0
Notes receivable	0	0
Internally Assigned Grade 5	'	'
Credit Quality Of Finance Receivables	'	'
Number of tenants	0	0
Net investments in direct financing leases	0	0
Number of obligors	0	0
Notes receivable	$0	$0

Equity_Investment_in_Real_Esta2

Equity Investment in Real Estate and the Managed REITs (Narratives) (Details) (USD $)

3 Months Ended

6 Months Ended

1 Months Ended

6 Months Ended

1 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jan. 31, 2014

Jun. 30, 2013

Jan. 31, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jan. 31, 2014

Jan. 31, 2014

Jun. 30, 2014

Real Estate Investments

Real Estate Investments

Real Estate Investments

CPA: 16 - Global

CPA: 16 - Global

CPA:16 - Global operating partnership

CPA:16 - Global operating partnership

CPA: 17 - Global

CPA: 17 - Global

CPA:17 - Global operating partnership

CPA:17 - Global operating partnership

CPA:18 - Global

CPA:18 - Global operating partnership

CWI

CWI operating partnership

Managed REITs

Managed REITs

Managed REITs

Managed REITs

Managed REITs

Managed REITs

Managed REITs

Managed REITs

Managed REITs

C1000 Logestiek Vastgoed B.V.

Hellweg Die Profi-Baumarkte GmbH & Co. K.G

The New York Times Company

Beach House JV, LLC

Class A

Real Estate Investments

CPA: 16 - Global

CPA: 16 - Global

Real Estate Investments

Real Estate Investments

Investments in REITs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Asset management fees receivable, shares

'

'

'

'

'

'

'

'

'

'

'

240,372

'

'

'

21,554

'

59,469

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate unamortized basis difference on equity investments

'

'

'

'

$5,800,000

'

$16,600,000

'

'

'

'

'

'

'

'

'

'

'

'

$15,100,000

'

$15,100,000

'

$80,500,000

'

'

'

'

'

'

'

'

Other-than-temporary impairment charges

'

'

'

'

'

'

'

'

'

700,000

5,500,000

'

'

'

'

'

'

'

'

'

12,400,000

'

21,700,000

'

0

2,844,000

735,000

5,528,000

'

'

'

'

Gain or loss on sale of investment properties

'

'

23,930,000

50,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-12,500,000

-16,700,000

-12,500,000

-14,000,000

'

'

'

'

'

'

'

'

'

Mortgage debt tenants in common

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

93,800,000

'

'

'

Pro rata share mortgage debt on tenancy in common

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,100,000

'

'

'

Other Transactions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in ownership percentage of equity investments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25.00%

27.00%

'

Distributions received from equity investment

'

'

'

'

5,500,000

6,900,000

'

6,400,000

12,500,000

4,800,000

7,400,000

2,100,000

1,300,000

9,300,000

9,100,000

'

600,000

'

1,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Income from equity method investments

$9,452,000

$32,541,000

$23,714,000

$43,197,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,300,000

'

$4,000,000

'

$769,000

$2,717,000

$1,549,000

$3,544,000

'

'

'

'

Equity investment rate of return

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8.50%

Redeemable preferred units owned

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100

Common units owned

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

Equity_Investment_in_Real_Esta3

Equity Investment in Real Estate and the Managed REITs (Details 1) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Schedule Of Equity Method Investments	'	'	'	'
Income from equity method investments	$9,452	$32,541	$23,714	$43,197
Distributions of Available Cash (Note 4)	'	'	1,815	22,338
Managed REITs	'	'	'	'
Schedule Of Equity Method Investments	'	'	'	'
Income from equity method investments	769	2,717	1,549	3,544
Amortization of basis differences on equity investments	-118	-1,655	-508	-2,460
Other-than-temporary impairment charges on the Special Member Interest in CPA®:16 – Global’s operating partnership	0	-2,844	-735	-5,528
Distributions of Available Cash (Note 4)	5,235	8,677	15,681	16,568
Deferred revenue earned (Note 4)	0	2,123	786	4,246
Total equity earnings from the Managed REITs	5,886	9,018	16,773	16,370
Jointly Owned Investments	'	'	'	'
Schedule Of Equity Method Investments	'	'	'	'
Income from equity method investments	3,662	25,076	7,618	29,932
Amortization of basis differences on equity investments	($96)	($1,553)	($677)	($3,105)

Equity_Investment_in_Real_Esta4

Equity Investment in Real Estate and the Managed REITs (Details 2) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments in REITs	'	'
Equity investments in real estate	$211,225	$530,020
CPA: 16 - Global	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	18.53%
Equity investments in real estate	0	282,520
CPA:16 - Global operating partnership	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	0.02%
Equity investments in real estate	0	813
CPA: 17 - Global	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	2.30%	1.91%
Equity investments in real estate	69,485	57,753
CPA:17 - Global operating partnership	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	0.01%	0.01%
Equity investments in real estate	0	0
CPA:18 - Global	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	0.10%	0.13%
Equity investments in real estate	1,226	320
CPA:18 - Global operating partnership	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	0.03%	0.03%
Equity investments in real estate	209	209
CWI	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	0.92%	0.54%
Equity investments in real estate	6,953	3,369
CWI operating partnership	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	0.02%	0.02%
Equity investments in real estate	0	0
Managed REITs	'	'
Investments in REITs	'	'
Equity investments in real estate	$77,873	$344,984

Equity_Investment_in_Real_Esta5

Equity Investment in Real Estate and the Managed REITs (Details 3) (Managed REITs, USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Managed REITs	'	'
Equity Method Investment Summarized Financial Information	'	'
Real estate, net	$5,433,063	$7,218,177
Other assets	2,129,614	2,128,862
Total assets	7,562,677	9,347,039
Debt	-3,128,688	-4,237,044
Accounts payable, accrued expenses and other liabilities	-451,457	-571,097
Total liabilities	-3,580,145	-4,808,141
Noncontrolling interests	-163,943	-192,492
Stockholders’ equity	$3,818,589	$4,346,406

Equity_Investment_in_Real_Esta6

Equity Investment in Real Estate and the Managed REITs (Details 4) (Managed REITs, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Managed REITs	'	'	'	'
Equity Method Investment Summarized Financial Information Income Statement	'	'	'	'
Revenues	$224,594	$191,171	$365,819	$369,003
Expenses	-196,673	-180,018	-331,155	-340,649
Income from continuing operations	27,921	11,153	34,664	28,354
Net income attributable to the Managed REITs	$40,469	$16,099	$47,211	$26,721

Equity_Investment_in_Real_Esta7

Equity Investment in Real Estate and the Managed REITs (Details 5) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments in REITs	'	'
Equity investments in real estate	$211,225	$530,020
Third Party | Beach House JV, LLC	'	'
Investments in REITs	'	'
Equity investments in real estate	15,105	0
CPA: 16 - Global	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	18.53%
Equity investments in real estate	0	282,520
CPA: 17 - Global	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	2.30%	1.91%
Equity investments in real estate	69,485	57,753
Real Estate Investments	'	'
Investments in REITs	'	'
Equity investments in real estate	133,352	185,036
Real Estate Investments | CPA: 16 - Global | Schuler A.G.	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	'
Equity investments in real estate	0	65,798
Real Estate Investments | CPA: 16 - Global | Advanced Micro Devices	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	'
Equity investments in real estate	0	22,392
Real Estate Investments | CPA: 16 - Global | The Upper Deck Company	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	'
Equity investments in real estate	0	7,518
Real Estate Investments | CPA: 16 - Global | Del Monte Corporation	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	'
Equity investments in real estate	0	7,145
Real Estate Investments | CPA: 16 - Global | Builders FirstSource, Inc.	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	'
Equity investments in real estate	0	4,968
Real Estate Investments | CPA: 16 - Global | PetSmart, Inc.	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	'
Equity investments in real estate	0	3,877
Real Estate Investments | CPA: 16 - Global | Consolidated Systems, Inc.	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	'
Equity investments in real estate	0	3,176
Real Estate Investments | CPA: 16 - Global | SaarOTEC	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	100.00%	'
Equity investments in real estate	0	-639
Real Estate Investments | CPA: 17 - Global | C1000 Logestiek Vastgoed B.V.	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	15.00%	'
Equity investments in real estate	13,782	13,673
Real Estate Investments | CPA: 17 - Global | Waldaschaff Automotive GmbH and Wagon Automotive Nagold GmbH	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	33.00%	'
Equity investments in real estate	7,584	7,267
Real Estate Investments | CPA: 17 - Global | Wanbishi Archives Co. Ltd.	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	3.00%	'
Equity investments in real estate	389	395
Real Estate Investments | CPA: 17 - Global | Frontier Spinning Mills, Inc.	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	40.00%	'
Equity investments in real estate	15,545	0
Real Estate Investments | CPA: 17 - Global | Actebis Peacock GmbH	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	30.00%	'
Equity investments in real estate	6,707	0
Real Estate Investments | CPA: 16 - Global/CPA: 17 - Global | Hellweg Die Profi-Baumarkte GmbH & Co. K.G	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	63.00%	'
Equity investments in real estate	0	27,923
Real Estate Investments | CPA: 16 - Global/CPA: 17 - Global | The New York Times Company	'	'
Investments in REITs	'	'
Equity method investment, ownership percentage	45.00%	'
Equity investments in real estate	$74,240	$21,543

Goodwill_and_Other_Intangibles2

Goodwill and Other Intangibles (Narratives) (Details) (USD $)

3 Months Ended

6 Months Ended

6 Months Ended

0 Months Ended

3 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Jan. 31, 2014

Jun. 30, 2014

Real Estate Investments

Real Estate Investments

Maximum

Maximum

Minimum

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

Measurement period adjustment

Below-market ground lease

CPA: 16 - Global

Finite-Lived Intangible Assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill

$698,891,000

'

$698,891,000

'

$350,208,000

$635,284,000

$286,601,000

'

'

'

$348,876,000

$348,972,000

$348,876,000

($96,000)

Total Consideration

'

'

'

'

'

'

'

'

'

'

2,059,840,000

2,057,914,000

2,059,840,000

1,926,000

Finite-Lived Intangible Assets, Net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Finite lived intangible assets useful life

'

'

'

'

'

'

'

'40 years

'134 years

'1 year

'

'

'

'

Amortization of intangible assets

$49,600,000

$21,300,000

$89,400,000

$42,300,000

'

'

'

'

'

'

'

'

'

'

Goodwill_and_Other_Intangibles3

Goodwill and Other Intangibles (Details 1) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Acquired Finite Lived Intangible Assets Liabilities	'
Acquired finite-lived intangible asset, acquisition	$981,901
Acquired finite-lived intangible liability, acquisition	-59,986
Below-market rent	'
Acquired Finite Lived Intangible Assets Liabilities	'
Acquired finite lived intangible liabilities weighted average useful life	'17 years 10 months 24 days
Acquired finite-lived intangible liability, acquisition	-53,274
Above-market ground lease	'
Acquired Finite Lived Intangible Assets Liabilities	'
Acquired finite lived intangible liabilities weighted average useful life	'31 years 6 months
Acquired finite-lived intangible liability, acquisition	-6,712
In-place lease	'
Acquired Finite Lived Intangible Assets Liabilities	'
Acquired intangible assets weighted-average life	'12 years
Acquired finite-lived intangible asset, acquisition	571,680
Above-market rent	'
Acquired Finite Lived Intangible Assets Liabilities	'
Acquired intangible assets weighted-average life	'12 years 3 months 18 days
Acquired finite-lived intangible asset, acquisition	395,824
Below-market ground lease	'
Acquired Finite Lived Intangible Assets Liabilities	'
Acquired intangible assets weighted-average life	'62 years 8 months 12 days
Acquired finite-lived intangible asset, acquisition	$14,397

Goodwill_and_Other_Intangibles4

Goodwill and Other Intangibles (Details 2) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Goodwill	'
Balance - beginning of period	$350,208
Goodwill, acquired	343,960
Adjustments to foreign deferred taxes acquired in business combinations	7,212
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale	-2,743
Foreign currency translation adjustments	254
Balance - end of period	698,891
Real Estate Ownership	'
Goodwill	'
Balance - beginning of period	286,601
Goodwill, acquired	343,960
Adjustments to foreign deferred taxes acquired in business combinations	7,212
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale	-2,743
Foreign currency translation adjustments	254
Balance - end of period	635,284
Investment Management	'
Goodwill	'
Balance - beginning of period	63,607
Goodwill, acquired	0
Adjustments to foreign deferred taxes acquired in business combinations	0
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale	0
Foreign currency translation adjustments	0
Balance - end of period	$63,607

Goodwill_and_Other_Intangibles5

Goodwill and Other Intangibles (Details 3) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Amortizable Intangible Assets	'	'
Less: accumulated amortization	($262,297)	($168,840)
Indefinite Lived Intangible Assets Including Goodwill	'	'
Indefinite-lived intangible assets	702,866	354,183
Total intangible assets, gross	2,534,787	1,244,705
Total intangible assets, net	2,272,490	1,075,865
Amortizable Intangible Liabilities	'	'
Finite-lived intangible liabilities, gross	-182,339	-123,835
Less: accumulated amortization	-18,686	-12,344
Net amortizable intangible liabilities	-163,653	-111,491
Indefinite Lived Intangible Liabilities	'	'
Total intangible liabilities, gross	-199,050	-140,546
Total intangible liabilities, net	-180,364	-128,202
Below-market purchase options	'	'
Indefinite Lived Intangible Liabilities	'	'
Indefinite-lived intangible liabilities	-16,711	-16,711
Below-market rent	'	'
Amortizable Intangible Liabilities	'	'
Finite-lived intangible liabilities, gross	-168,723	-116,939
Less: accumulated amortization	-17,861	-11,832
Net amortizable intangible liabilities	-150,862	-105,107
Above-market ground lease	'	'
Amortizable Intangible Liabilities	'	'
Finite-lived intangible liabilities, gross	-13,616	-6,896
Less: accumulated amortization	-825	-512
Net amortizable intangible liabilities	-12,791	-6,384
Goodwill	'	'
Indefinite Lived Intangible Assets Including Goodwill	'	'
Indefinite-lived intangible assets	698,891	350,208
Trade name	'	'
Indefinite Lived Intangible Assets Including Goodwill	'	'
Indefinite-lived intangible assets	3,975	3,975
Contracts including internal software development costs	'	'
Amortizable Intangible Assets	'	'
Finite lived intangible assets, gross	41,988	36,020
Less: accumulated amortization	-32,765	-32,395
Amortizable intangible assets	9,223	3,625
Management contracts	'	'
Amortizable Intangible Assets	'	'
Finite lived intangible assets, gross	32,765	32,765
Less: accumulated amortization	-32,765	-32,395
Amortizable intangible assets	0	370
Internal-use software development costs	'	'
Amortizable Intangible Assets	'	'
Finite lived intangible assets, gross	9,223	3,255
Less: accumulated amortization	0	0
Amortizable intangible assets	9,223	3,255
Lease intangibles	'	'
Amortizable Intangible Assets	'	'
Finite lived intangible assets, gross	1,789,933	854,502
Less: accumulated amortization	-229,532	-136,445
Amortizable intangible assets	1,560,401	718,057
In-place lease	'	'
Amortizable Intangible Assets	'	'
Finite lived intangible assets, gross	1,108,719	551,737
Less: accumulated amortization	-142,313	-84,610
Amortizable intangible assets	966,406	467,127
Tenant relationship	'	'
Amortizable Intangible Assets	'	'
Finite lived intangible assets, gross	6,245	6,247
Less: accumulated amortization	-1,739	-1,656
Amortizable intangible assets	4,506	4,591
Above-market rent	'	'
Amortizable Intangible Assets	'	'
Finite lived intangible assets, gross	655,744	292,132
Less: accumulated amortization	-85,246	-50,157
Amortizable intangible assets	570,498	241,975
Below-market ground lease	'	'
Amortizable Intangible Assets	'	'
Finite lived intangible assets, gross	19,225	4,386
Less: accumulated amortization	-234	-22
Amortizable intangible assets	$18,991	$4,364

Goodwill_and_Other_Intangibles6

Goodwill and Other Intangibles (Details 4) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Net Decrease in Lease Revenues	'
2014 (remainder)	$29,035
2015	55,989
2016	54,320
2017	50,549
2018	47,686
Thereafter	182,014
Total	419,593
Increase to Amortization/ Property Expenses	'
2014 (remainder)	62,735
2015	125,920
2016	105,983
2017	101,951
2018	98,909
Thereafter	490,880
Total	986,378
Net	'
2014 (remainder)	91,770
2015	181,909
2016	160,303
2017	152,500
2018	146,595
Thereafter	672,894
Total	$1,405,971

Fair_Value_Measurements_Narrat

Fair Value Measurements (Narratives) (Details) (USD $)

6 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2014

Jun. 25, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

CPA: 16 - Global

CPA: 16 - Global

CWI

Redeemable noncontrolling interest

Redeemable noncontrolling interest

Deferred acquisition fees receivable

Deferred acquisition fees receivable

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Continuing Operations

Continuing Operations

Continuing Operations

Continuing Operations

Continuing Operations

Continuing Operations

Continuing Operations

Continuing Operations

Discontinued Operations

Discontinued Operations

Discontinued Operations

Discontinued Operations

Equity method investments

Equity method investments

Equity method investments

Equity method investments

Fair value inputs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Lack of marketability

'

'

'

30.00%

20.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Discount rate

15.75%

12.75%

'

26.00%

22.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

EBITDA Multiple

'

'

'

5

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gen and admin to assets ratio

0.45%

0.35%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Leverage adjusted unsecured spread

'

'

'

'

'

3.55%

1.09%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Illiquidity Adjustment

'

'

'

'

'

1.00%

0.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans receivable, related party

'

'

$11,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Impairment charges on properties

'

'

'

'

'

'

'

$2,066,000

$4,123,000

$2,801,000

$10,086,000

$2,066,000

$2,844,000

$2,801,000

$5,528,000

$0

$2,844,000

$735,000

$5,528,000

$0

$1,279,000

$0

$4,558,000

Fair_Value_Measurements_Detail

Fair Value Measurements (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets:	'	'
Receivable, fair value	$21,003	$0
Level 3 | Carrying Value	'	'
Liabilities:	'	'
Non-recourse debt	2,823,415	1,492,410
Level 3 | Fair Value	'	'
Liabilities:	'	'
Non-recourse debt	2,840,230	1,477,497
Level 3 | Notes Receivable | Carrying Value	'	'
Assets:	'	'
Receivable, fair value	21,003	0
Level 3 | Notes Receivable | Fair Value	'	'
Assets:	'	'
Receivable, fair value	21,338	0
Level 3 | Deferred acquisition fees receivable | Carrying Value	'	'
Assets:	'	'
Receivable, fair value	18,515	19,684
Level 3 | Deferred acquisition fees receivable | Carrying Value | CWI	'	'
Assets:	'	'
Receivable, fair value	11,000	0
Level 3 | Deferred acquisition fees receivable | Fair Value	'	'
Assets:	'	'
Receivable, fair value	19,665	20,733
Level 3 | Deferred acquisition fees receivable | Fair Value | CWI	'	'
Assets:	'	'
Receivable, fair value	11,000	0
Level 3 | Senior Unsecured Credit Facility | Carrying Value	'	'
Liabilities:	'	'
Lines of Credit, Fair Value Disclosure	476,700	275,000
Level 3 | Senior Unsecured Credit Facility | Fair Value	'	'
Liabilities:	'	'
Lines of Credit, Fair Value Disclosure	476,700	275,000
Level 3 | Unsecured Term Loan | Carrying Value	'	'
Liabilities:	'	'
Lines of Credit, Fair Value Disclosure	0	300,000
Level 3 | Unsecured Term Loan | Fair Value	'	'
Liabilities:	'	'
Lines of Credit, Fair Value Disclosure	0	300,000
Level 2 | Senior Unsecured Notes | Carrying Value	'	'
Liabilities:	'	'
Non-recourse debt	498,255	0
Level 2 | Senior Unsecured Notes | Fair Value	'	'
Liabilities:	'	'
Non-recourse debt	$498,255	$0

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details 2) (Fair Value, Measurements, Nonrecurring, Level 3, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Impairment Disclosure	'	'	'	'
Impairment charges on properties	$2,066	$4,123	$2,801	$10,086
Continuing Operations	'	'	'	'
Impairment Disclosure	'	'	'	'
Impairment charges on properties	2,066	2,844	2,801	5,528
Continuing Operations | Equity investments in real estate	'	'	'	'
Impairment Disclosure	'	'	'	'
Total fair value measurements	0	11,140	0	11,140
Impairment charges on properties	0	2,844	735	5,528
Continuing Operations | Real Estate	'	'	'	'
Impairment Disclosure	'	'	'	'
Total fair value measurements	5,200	0	5,200	0
Impairment charges on properties	2,066	0	2,066	0
Discontinued Operations	'	'	'	'
Impairment Disclosure	'	'	'	'
Impairment charges on properties	0	1,279	0	4,558
Discontinued Operations | Real Estate	'	'	'	'
Impairment Disclosure	'	'	'	'
Total fair value measurements	0	6,908	0	6,908
Impairment charges on properties	0	1,279	0	3,487
Discontinued Operations | Operating real estate	'	'	'	'
Impairment Disclosure	'	'	'	'
Total fair value measurements	0	0	0	3,709
Impairment charges on properties	$0	$0	$0	$1,071

Risk_Management_and_Use_of_Der2

Risk Management and Use of Derivative Financial Instruments (Narratives) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Footnote Details	'	'	'	'	'
Derivatives in liability position	$29,134,000	'	$29,134,000	'	$21,812,000
Stock warrants, fair value	4,303,000	'	4,303,000	'	3,780,000
Real estate revenue	176,734,000	77,657,000	311,806,000	154,141,000	'
Summary of Derivative Instruments	'	'	'	'	'
Total credit exposure on derivatives	200,000	'	200,000	'	'
Credit exposure to any single counterparty	100,000	'	100,000	'	'
Derivatives, net liability position	30,300,000	'	30,300,000	'	'
Aggregate termination value for immediate settlement	31,700,000	'	31,700,000	'	'
Interest expense	'	'	'	'	'
Summary of Derivative Instruments	'	'	'	'	'
Estimated amount reclassified from OCI to income, derivatives	'	'	2,600,000	'	'
Other Income	'	'	'	'	'
Summary of Derivative Instruments	'	'	'	'	'
Estimated amount reclassified from OCI to income, derivatives	'	'	1,600,000	'	'
Cash Flow Hedging	'	'	'	'	'
Footnote Details	'	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	-1,886,000	1,768,000	-4,753,000	4,841,000	'
Amount of Gain (Loss) Reclassified from Other Comprehensive Income into Income (Effective Portion)	-1,074,000	464,000	-2,159,000	851,000	'
Cash Flow Hedging | Interest rate swap	'	'	'	'	'
Footnote Details	'	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	-1,431,000	2,825,000	-1,617,000	3,653,000	'
Amount of Gain (Loss) Reclassified from Other Comprehensive Income into Income (Effective Portion)	-634,000	441,000	-1,335,000	875,000	'
Cash Flow Hedging | Foreign currency contracts	'	'	'	'	'
Footnote Details	'	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	-451,000	-1,070,000	-3,115,000	1,178,000	'
Amount of Gain (Loss) Reclassified from Other Comprehensive Income into Income (Effective Portion)	-440,000	23,000	-824,000	-24,000	'
Cash Flow Hedging | Interest rate caps	'	'	'	'	'
Footnote Details	'	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	-4,000	13,000	-21,000	10,000	'
Derivative instrument, interest rate	1.30%	'	1.30%	'	'
Derivative, Cap Interest Rate	3.00%	'	3.00%	'	'
Cash Flow Hedging | Interest Rate Cap Two	'	'	'	'	'
Footnote Details	'	'	'	'	'
Derivative instrument, interest rate	1.20%	'	1.20%	'	'
Derivative, Cap Interest Rate	2.00%	'	2.00%	'	'
Accounts Payable and Accrued Liabilities | Designated as Hedging Instrument | Interest rate swap	'	'	'	'	'
Footnote Details	'	'	'	'	'
Derivatives in liability position	5,894,000	'	5,894,000	'	2,734,000
Accounts Payable and Accrued Liabilities | Designated as Hedging Instrument | Foreign currency contracts	'	'	'	'	'
Footnote Details	'	'	'	'	'
Derivatives in liability position	12,506,000	'	12,506,000	'	7,083,000
Accounts Payable and Accrued Liabilities | Designated as Hedging Instrument | CPA: 16 - Global | Interest rate swap	'	'	'	'	'
Footnote Details	'	'	'	'	'
Derivatives in liability position	2,500,000	'	2,500,000	'	'
Accounts Payable and Accrued Liabilities | Designated as Hedging Instrument | CPA: 16 - Global | Foreign currency contracts	'	'	'	'	'
Footnote Details	'	'	'	'	'
Derivatives in liability position	5,100,000	'	5,100,000	'	'
Accounts Payable and Accrued Liabilities | Not Designated as Hedging Instrument | Interest rate swap	'	'	'	'	'
Footnote Details	'	'	'	'	'
Derivatives in liability position	10,734,000	'	10,734,000	'	11,995,000
Other Assets | Designated as Hedging Instrument | Interest rate swap	'	'	'	'	'
Footnote Details	'	'	'	'	'
Stock warrants, fair value	806,000	'	806,000	'	1,618,000
Other Assets | Designated as Hedging Instrument | Interest rate caps	'	'	'	'	'
Footnote Details	'	'	'	'	'
Stock warrants, fair value	12,000	'	12,000	'	2,000
Other Assets | Not Designated as Hedging Instrument | Warrant [Member]	'	'	'	'	'
Footnote Details	'	'	'	'	'
Stock warrants, fair value	3,485,000	'	3,485,000	'	2,160,000
Equity method investments | Cash Flow Hedging	'	'	'	'	'
Footnote Details	'	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	100,000	300,000	100,000	400,000	'
Amount of Gain (Loss) Reclassified from Other Comprehensive Income into Income (Effective Portion)	200,000	300,000	300,000	400,000	'
CPA: 16 - Global | Level 3 | Other Assets | Not Designated as Hedging Instrument | Warrant [Member]	'	'	'	'	'
Footnote Details	'	'	'	'	'
Stock warrants, fair value	$1,300,000	'	$1,300,000	'	'

Risk_Management_and_Use_of_Der3

Risk Management and Use of Derivative Financial Instruments (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivatives, Fair Value	'	'
Asset Derivatives Fair Value at	$4,303	$3,780
Liability Derivatives Fair Value at	-29,134	-21,812
Interest rate caps | Designated as Hedging Instrument | Other Assets	'	'
Derivatives, Fair Value	'	'
Asset Derivatives Fair Value at	12	2
Stock warrants | Not Designated as Hedging Instrument | Other Assets	'	'
Derivatives, Fair Value	'	'
Asset Derivatives Fair Value at	3,485	2,160
Foreign currency contracts | Designated as Hedging Instrument | Accounts Payable and Accrued Liabilities	'	'
Derivatives, Fair Value	'	'
Liability Derivatives Fair Value at	-12,506	-7,083
Interest rate swap | Designated as Hedging Instrument | Other Assets	'	'
Derivatives, Fair Value	'	'
Asset Derivatives Fair Value at	806	1,618
Interest rate swap | Designated as Hedging Instrument | Accounts Payable and Accrued Liabilities	'	'
Derivatives, Fair Value	'	'
Liability Derivatives Fair Value at	-5,894	-2,734
Interest rate swap | Not Designated as Hedging Instrument | Accounts Payable and Accrued Liabilities	'	'
Derivatives, Fair Value	'	'
Liability Derivatives Fair Value at	($10,734)	($11,995)

Risk_Management_and_Use_of_Der4

Risk Management and Use of Derivative Financial Instruments (Details 2) (Derivatives in Cash Flow Hedging Relationships, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss) Activity	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	($1,886)	$1,768	($4,753)	$4,841
Interest rate swap	'	'	'	'
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss) Activity	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	-1,431	2,825	-1,617	3,653
Interest rate caps	'	'	'	'
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss) Activity	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	-4	13	-21	10
Foreign currency contracts	'	'	'	'
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss) Activity	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	($451)	($1,070)	($3,115)	$1,178

Risk_Management_and_Use_of_Der5

Risk Management and Use of Derivative Financial Instruments (Details 3) (Derivatives in Cash Flow Hedging Relationships, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]	'	'	'	'
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	($1,074)	$464	($2,159)	$851
Interest rate swap	'	'	'	'
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]	'	'	'	'
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	-634	441	-1,335	875
Foreign currency contracts	'	'	'	'
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]	'	'	'	'
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	($440)	$23	($824)	($24)

Risk_Management_and_Use_of_Der6

Risk Management and Use of Derivative Financial Instruments (Details 4) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Amount of Gain (Loss) Recognized in Income on Derivatives	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivatives	$373	$1,729	$851	$3,688
Interest rate swap | Interest expense	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivatives	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivatives	507	1,729	985	3,408
Stock warrants | Other income and (expenses)	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivatives	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivatives	($134)	$0	($134)	$280

Risk_Management_and_Use_of_Der7

Risk Management and Use of Derivative Financial Instruments (Details 5)	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	USD ($)	Not Designated as Hedging Instrument	Not Designated as Hedging Instrument	Derivatives in Cash Flow Hedging Relationships	Derivatives in Cash Flow Hedging Relationships	Derivatives in Cash Flow Hedging Relationships	Derivatives in Cash Flow Hedging Relationships	Derivatives in Cash Flow Hedging Relationships
		Interest rate swap	Interest rate swap	Interest rate swap	Interest rate swap	Interest rate swap	Interest rate caps	Interest rate caps
		Euro	Euro	USD ($)	Euro	Euro	Euro	Euro
		USD ($)	EUR (€)	instrument	USD ($)	EUR (€)	USD ($)	EUR (€)
		instrument			instrument		instrument
Derivative Disclosure	'	'	'	'	'	'	'	'
Derivative number of instruments	'	3	3	14	2	2	2	2
Notional Amount	'	'	€ 108,695	$131,277	'	€ 8,276	'	€ 109,907
Fair value	($15,810)	($10,733)	'	($3,846)	($1,243)	'	$12	'

Risk_Management_and_Use_of_Der8

Risk Management and Use of Derivative Financial Instruments (Details 6) (Cash Flow Hedging)	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	USD ($)	Forward contracts	Forward contracts	Forward contracts	Forward contracts
		Euro	Euro	GBP	GBP
		USD ($)	EUR (€)	USD ($)	GBP (£)
		instrument		instrument
Derivative Disclosure	'	'	'	'	'
Derivative number of instruments	'	76	76	18	18
Notional Amount	'	'	€ 170,435	'	£ 9,630
Fair value, foreign currency derivatives	($12,506)	($11,376)	'	($1,130)	'

Risk_Management_and_Use_of_Der9

Risk Management and Use of Derivative Financial Instruments (Details 7)	6 Months Ended
	Jun. 30, 2014
Hellweg Die Profi-Baumärkte GmbH & Co. KG	'
Concentration Risk	'
Concentration Risk Percentage	7.00%
Carrefour France SAS	'
Concentration Risk	'
Concentration Risk Percentage	5.00%
U-Haul Moving Partners Inc. and Mercury Partners, LP	'
Concentration Risk	'
Concentration Risk Percentage	5.00%
Customer concentration risk	'
Concentration Risk	'
Concentration Risk Percentage	17.00%
Retail Industry	'
Concentration Risk	'
Concentration Risk Percentage	22.00%
Electronics Industry	'
Concentration Risk	'
Concentration Risk Percentage	10.00%
All other Industry	'
Concentration Risk	'
Concentration Risk Percentage	68.00%
Office	'
Concentration Risk	'
Concentration Risk Percentage	25.00%
Industrial	'
Concentration Risk	'
Concentration Risk Percentage	25.00%
Warehouse/Distribution	'
Concentration Risk	'
Concentration Risk Percentage	20.00%
Retail	'
Concentration Risk	'
Concentration Risk Percentage	16.00%
All Other	'
Concentration Risk	'
Concentration Risk Percentage	14.00%
US	'
Concentration Risk	'
Concentration Risk Percentage	66.00%
International	'
Concentration Risk	'
Concentration Risk Percentage	34.00%
Europe	'
Concentration Risk	'
Concentration Risk Percentage	33.00%
Germany	'
Concentration Risk	'
Concentration Risk Percentage	12.00%
Other Europe	'
Concentration Risk	'
Concentration Risk Percentage	21.00%
Other International	'
Concentration Risk	'
Concentration Risk Percentage	1.00%

Debt_Narratives_Details

Debt (Narratives) (Details) (USD $)

3 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

6 Months Ended

0 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jan. 31, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jan. 31, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jan. 31, 2014

Jun. 30, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jul. 31, 2013

Jun. 30, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jun. 30, 2014

Fixed interest rate

Variable interest rate

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Senior Unsecured Credit Facility

Senior Unsecured Credit Facility

Senior Unsecured Credit Facility

Senior Unsecured Notes

Senior Unsecured Notes

Senior Unsecured Notes

Senior Unsecured Notes

Senior Unsecured Notes

Unsecured Term Loan

Mortgage Loan

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

Merged Entities

Euro

Maximum

Maximum

Maximum

Minimum

Minimum

Minimum

Maximum

Maximum

Minimum

Minimum

Moody's, Baa2 Rating

Standard & Poor's, BBB Rating

loan

Fixed interest rate

Variable interest rate

Unsecured Term Loan

Eurocurrency

Base Rate

Eurocurrency

Base Rate

Eurocurrency

Base Rate

Eurocurrency

Base Rate

loan

loan

Line of Credit Facility [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, covenant compliance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'We were in compliance with all of these covenants at June 30, 2014.

'

'

'

'

'

'

'

'

'

'

'

'

'

Credit facility, maturity date

'

'

'

'

'

'

'

31-Jan-18

'

'

'

'

'

'

'

'

'

'

31-Jan-16

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt scheduled to mature in 2016

$590,778,000

'

$590,778,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$250,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt scheduled to mature in 2018

525,381,000

'

525,381,000

'

'

'

'

226,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt scheduled to mature after 2018

1,435,829,000

'

1,435,829,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000,000

'

'

'

'

'

'

'

'

'

Debt instrument stated interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

1.70%

0.70%

'

0.93%

0.00%

'

'

'

1.95%

0.95%

1.00%

0.00%

'

'

'

4.60%

4.60%

'

'

'

'

'

'

'

'

'

'

Debt financing cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,900,000

'

'

'

4,200,000

'

'

'

'

'

'

'

'

'

'

Revolving Line Of Credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit, maximum borrowing amount

'

'

'

'

'

'

'

'

1,000,000,000

450,000,000

'

'

'

'

'

'

'

'

'

250,000,000

175,000,000

'

'

'

'

1,250,000,000

'

625,000,000

'

'

'

'

'

300,000,000

'

'

'

'

'

'

Amount outstanding (line of credit)

'

'

'

'

'

'

'

'

'

'

125,000,000

101,700,000

'

'

'

'

'

'

250,000,000

'

'

'

'

'

'

765,000,000

476,700,000

'

'

'

'

'

'

'

'

170,000,000

'

'

170,000,000

'

Line of credit, amount available in foreign currency

'

'

'

'

'

'

'

500,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount available for swing line loan

'

'

'

'

'

'

'

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount available for letters of credit

'

'

'

'

'

'

'

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument borrowing capacity fee (percentage)

'

'

'

'

'

'

'

0.20%

'

'

'

'

0.30%

'

'

0.13%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in maximum line of credit borrowing amount

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit facility, available

'

'

'

'

'

'

'

773,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, basis spread on variable rate

'

'

'

'

'

'

'

1.10%

'

'

'

'

'

'

'

'

'

'

1.25%

'

'

'

'

'

'

'

'

'

'

'

0.30%

'

'

'

'

'

'

'

'

'

Maximum cash distribution, percent of Adjusted Funds from Operations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

95.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum cash distribution

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss on extinguishment of debt gross

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,100,000

'

'

'

'

'

Gain (Loss) on extinguishment of debt, net of tax

'

'

344,000

-181,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-2,100,000

'

'

'

'

'

'

'

'

-5,900,000

'

'

'

'

'

Loss in extinguishment of debt, discontinued operations

-249,000

-28,000

1,271,000

-98,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,200,000

'

'

'

'

'

Credit facility potential increase

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Senior Unsecured Notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, face amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000,000

500,000,000

'

'

'

'

'

'

'

'

'

'

Percentage of par value received for debt issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

99.64%

99.64%

'

'

'

'

'

'

'

'

'

'

Unamortized discount (premium)

-2,490,000

'

-2,490,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,800,000

1,800,000

1,700,000

'

'

'

'

'

'

'

'

-4,200,000

Debt instrument, effective interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.65%

4.65%

'

'

'

'

'

'

'

'

'

'

Debt instrument, maturity date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1-Apr-24

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'10 years

'

'3 months

'

'

'

'

'

'

'

'

'

Debt instrument, payment term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'ten-year term

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, frequency of periodic payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'semi-annually

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, call feature

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'The Senior Unsecured Notes can be redeemed at par within three months of maturity, or we can call the notes at any time for the principal, accrued interest and a make-whole amount based upon a rate of the ten-year U.S. Treasury yield plus 30 basis points.

'

'

'

'

'

'

'

'

'

Debt instrument, credit rating

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'Baa2

'BBB-

'

'

'

'

'

'

'

Non Recourse Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Collateral mortgage loan, carrying value

3,700,000,000

'

3,700,000,000

'

1,900,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage loan on real estate, minimum interest rate

'

'

'

'

'

3.20%

1.20%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage loan on real estate, maximum interest rate

'

'

'

'

'

7.60%

7.60%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument maturity date, range start

'

'

31-Dec-14

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument maturity date, range end

'

'

31-Dec-38

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,400,000,000

161,900,000

'

'

Mortgage loans on real estate, weighted average interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.30%

'

5.79%

3.63%

'

'

Number of loans assumed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

97

18

'

'

Fair value market adjustment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,800,000

'

'

'

'

Number of loans paid off in period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19

'

'

'

'

'

Prepayment of mortgage principal

'

'

201,820,000

40,492,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument remaining term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year 4 months 24 days

'

'

'

'

'

Payment for debt defeasance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,200,000

'

'

'

'

'

Proceeds from mortgage financing

'

'

$6,550,000

$99,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt_Details_1

Debt (Details 1) (USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified
Long-term Debt, by Maturity	'
2014 (remainder)	$234,186
2015	209,010
2016	590,778
2017	800,696
2018	525,381
Thereafter through 2038 (d)	1,435,829
Long Term Debt Before Unamortized Discount	3,795,880
Unamortized premium, net	2,490
Total scheduled debt principal payments	$3,798,370

StockBased_Compensation_and_Eq2

Stock-Based Compensation and Equity (Narratives) (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Jan. 31, 2014	Jun. 30, 2014
						Officers	CPA: 16 - Global	CPA: 16 - Global	CPA: 16 - Global	CPA: 16 - Global
						WPCI				Measurement period adjustment
Share-based Compensation Arrangement by Share-based Payment Award	'	'	'	'	'	'	'	'	'	'
Stock-based compensation expense	$7,957,000	$8,429,000	$15,000,000	$17,578,000	'	'	'	'	'	'
Tax benefit from stock based compensation expense	0	0	17,300,000	16,000,000	'	'	'	'	'	'
Risk free interest rate	'	'	0.65%	'	'	'	'	'	'	'
Fair value assumptions expected volatility rate	'	'	25.89%	'	'	'	'	'	'	'
Fair value assumptions expected volatility rate peer index	'	'	21.77%	'	'	'	'	'	'	'
Fair value assumptions expected dividend rate	'	'	0.00%	'	'	'	'	'	'	'
Fair value of vested stock	'	'	23,900,000	'	'	'	'	'	'	'
Deferred compensation, shares	889,863	'	889,863	'	'	'	'	'	'	'
Deferred compensation obligation	30,624,000	'	30,624,000	'	11,354,000	'	'	'	'	'
Unrecognized stock based compensation expense	37,300,000	'	37,300,000	'	'	'	'	'	'	'
Weighted-average remaining term	'	'	'1 year 9 months 11 days	'	'	'	'	'	'	'
Options exercised in period	'	'	51,900	'	'	'	'	'	'	'
Options exercised during the period, aggregate intrinsic value	'	'	1,700,000	'	'	'	'	'	'	'
Fair value of noncontrolling interests acquired	'	'	'	'	'	'	278,187,000	278,829,000	278,187,000	-642,000
Stock options outstanding	566,880	'	566,880	'	'	'	'	'	'	'
Stock options exercisable	495,169	'	495,169	'	'	'	'	'	'	'
Distributions Declared	'	'	'	'	'	'	'	'	'	'
Distributions declared	$0.90	$0.84	$1.80	$1.66	$3.39	'	'	'	'	'
Dividend payable date	'	'	15-Jul-14	'	'	'	'	'	'	'
Redeemable Noncontrolling Interest	'	'	'	'	'	'	'	'	'	'
Minority interest ownership interest	'	'	'	'	'	7.70%	'	'	'	'
Redeemable noncontrolling interest	$6,418,000	'	$6,418,000	'	$7,436,000	'	'	'	'	'

StockBased_Compensation_and_Eq3

Stock-Based Compensation and Equity Stock-Based Compensation and Equity (Details 1) (USD $)	6 Months Ended
	Jun. 30, 2014
Restricted Stock And RSU Awards	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares	'
Nonvested, beginning balance - shares	519,608
Granted - shares	162,962
Vested - shares	-251,515
Forfeited - shares	-667
Adjustments - shares	0
Nonvested, ending balance - shares	430,388
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	'
Nonvested, beginning balance, weighted average grant date fair value (in dollars per share)	$45.19
Granted, weighted average grant date fair value (in dollars per share)	$60.33
Vested, weighted average grant date fair value (in dollars per share)	$42.13
Forfeited, weighted average grant date fair value (in dollars per share)	$68.05
Adjustments, weighted average grant date fair value (in dollars per share)	$0
Nonvested, weighted average grant date fair value (in dollars per share)	$52.68
Performance Stock Units	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares	'
Nonvested, beginning balance - shares	1,220,720
Granted - shares	89,653
Vested - shares	-881,388
Forfeited - shares	0
Adjustments - shares	430,590
Nonvested, ending balance - shares	859,575
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	'
Nonvested, beginning balance, weighted average grant date fair value (in dollars per share)	$28.28
Granted, weighted average grant date fair value (in dollars per share)	$76.05
Vested, weighted average grant date fair value (in dollars per share)	$15.04
Forfeited, weighted average grant date fair value (in dollars per share)	$0
Adjustments, weighted average grant date fair value (in dollars per share)	$55.04
Nonvested, weighted average grant date fair value (in dollars per share)	$32.74

StockBased_Compensation_and_Eq4

Stock-Based Compensation and Equity (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share	'	'	'	'
Net income attributable to W. P. Carey	$64,739	$43,167	$178,915	$57,348
Allocation of distribution equivalents paid on unvested RSUs and RSAs in excess of income	-277	-316	-765	-419
Net Income - basic	64,462	42,851	178,150	56,929
Income effect of dilutive securities, net of taxes	-60	-24	82	-53
Net Income - diluted	$64,402	$42,827	$178,232	$56,876
Weighted average shares outstanding - basic	100,236,362	68,406,771	94,855,067	68,776,108
Effect of dilutive securities	758,863	1,087,131	1,002,849	1,094,741
Weighted average shares outstanding - diluted	100,995,225	69,493,902	95,857,916	69,870,849
Anti-dilutive shares	0	0	0	0

StockBased_Compensation_and_Eq5

Stock-Based Compensation and Equity (Details 3) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Redeemable Noncontrolling Interest, Equity, Carrying Amount	'	'	'	'	'
Balance - beginning of period	'	'	$7,436	'	'
Net income (loss)	-111	-43	151	-93	'
Distributions	'	'	-11,185	'	-71,820
Change in other comprehensive loss	21	-2	27	21	'
Balance - end of period	6,418	'	6,418	'	7,436
Redeemable Noncontrolling Interest	'	'	'	'	'
Redeemable Noncontrolling Interest, Equity, Carrying Amount	'	'	'	'	'
Balance - beginning of period	'	'	7,436	7,531	7,531
Redemption value adjustment	'	'	-306	0	'
Net income (loss)	'	'	151	-93	'
Distributions	'	'	-836	-335	'
Change in other comprehensive loss	'	'	-27	-21	'
Balance - end of period	$6,418	$7,082	$6,418	$7,082	'

StockBased_Compensation_and_Eq6

Stock-Based Compensation and Equity (Details 4) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Transfers to Noncontrolling Interest	'	'	'	'
Net income attributable to W. P. Carey	$64,739	$43,167	$178,915	$57,348
Transfers to noncontrolling interest	'	'	'	'
Decrease in W. P. Carey’s additional paid-in capital for purchases of less-than-wholly-owned investments in connection with the CPA®:16 Merger (a)	'	'	-41,374	0
Net transfers to noncontrolling interest	'	'	-41,374	0
Change from net income attributable to W. P. Carey and transfers to noncontrolling interest	'	'	$137,541	$57,348

StockBased_Compensation_and_Eq7

Stock-Based Compensation and Equity (Details 5) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Reconciliation Of Accumulated Comprehensive Income	'	'	'	'
Balance - beginning of period	$17,443	($9,414)	$15,336	($4,649)
Other comprehensive income before reclassifications	-4,596	6,394	-4,034	-674
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	1,234	780	2,438	1,271
Net current period other comprehensive income	-3,362	7,174	-1,596	597
Net current period other comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interest	134	-744	475	1,068
Balance - end of period	14,215	-2,984	14,215	-2,984
Interest expense	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	634	441	1,335	875
Other income and (expenses)	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	440	23	824	-24
Net income from equity investments in real estate and the Managed REITs	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	160	316	279	420
Realized and Unrealized Gains (Losses) on Derivative Instruments	'	'	'	'
Reconciliation Of Accumulated Comprehensive Income	'	'	'	'
Balance - beginning of period	-10,285	-4,333	-7,488	-7,508
Other comprehensive income before reclassifications	-3,001	1,300	-7,002	3,984
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	1,234	780	2,438	1,271
Net current period other comprehensive income	-1,767	2,080	-4,564	5,255
Net current period other comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interest	0	0	0	0
Balance - end of period	-12,052	-2,253	-12,052	-2,253
Realized and Unrealized Gains (Losses) on Derivative Instruments | Interest expense	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	634	441	1,335	875
Realized and Unrealized Gains (Losses) on Derivative Instruments | Other income and (expenses)	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	440	23	824	-24
Realized and Unrealized Gains (Losses) on Derivative Instruments | Net income from equity investments in real estate and the Managed REITs	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	160	316	279	420
Foreign Currency Translation Adjustments	'	'	'	'
Reconciliation Of Accumulated Comprehensive Income	'	'	'	'
Balance - beginning of period	27,680	-5,112	22,793	2,828
Other comprehensive income before reclassifications	-1,590	5,094	2,956	-4,658
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Net current period other comprehensive income	-1,590	5,094	2,956	-4,658
Net current period other comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interest	134	-744	475	1,068
Balance - end of period	26,224	-762	26,224	-762
Foreign Currency Translation Adjustments | Interest expense	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Foreign Currency Translation Adjustments | Other income and (expenses)	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Foreign Currency Translation Adjustments | Net income from equity investments in real estate and the Managed REITs	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Unrealized Appreciation (Depreciation) on Marketable Securities	'	'	'	'
Reconciliation Of Accumulated Comprehensive Income	'	'	'	'
Balance - beginning of period	48	31	31	31
Other comprehensive income before reclassifications	-5	0	12	0
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Net current period other comprehensive income	-5	0	12	0
Net current period other comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interest	0	0	0	0
Balance - end of period	43	31	43	31
Unrealized Appreciation (Depreciation) on Marketable Securities | Interest expense	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Unrealized Appreciation (Depreciation) on Marketable Securities | Other income and (expenses)	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Unrealized Appreciation (Depreciation) on Marketable Securities | Net income from equity investments in real estate and the Managed REITs	'	'	'	'
Amounts reclassified from accumulated other comprehensive income to:	'	'	'	'
Amount reclassified from accumulated other comprehensive income (loss)	$0	$0	$0	$0

Income_Taxes_Narratives_Detail

Income Taxes (Narratives) (Details)	6 Months Ended
	Jun. 30, 2014
Maximum	'
Income Tax Disclosures	'
Open tax years by major jurisdictions	'2014
Minimum	'
Income Tax Disclosures	'
Open tax years by major jurisdictions	'2008

Income_Taxes_Details_1

Income Taxes (Details 1) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Reconciliation of total provision for income taxes	'	'	'	'
Income from continuing operations before income taxes, net of amounts attributable to noncontrolling interests	'	'	$160,097	$53,651
Pre-tax income attributable to pass-through subsidiaries	'	'	-151,203	-62,144
Pre-tax income (loss) attributable to taxable subsidiaries	'	'	8,894	-8,493
Federal provision at statutory tax rate (35%)	'	'	3,113	-2,972
State and local taxes, net of federal benefit	'	'	978	-157
Recognition of deferred revenue as a result of the CPA®:16 Merger	'	'	4,848	0
Amortization of intangible assets	'	'	0	121
Interest	'	'	1,739	0
Other	'	'	536	-1,120
Tax provision - taxable subsidiaries	'	'	11,214	-4,128
Deferred foreign tax benefit (b)	'	'	-6,427	0
Current foreign taxes	'	'	4,422	1,462
Other state and local taxes	'	'	1,084	325
Income tax expense from continuing operations	$8,053	($1,134)	$10,293	($2,341)
Effective Income Tax Rate Reconciliation, Percent	'	'	'	'
Income tax rate - federal	'	'	35.00%	35.00%
Income tax rate - state and local	'	'	11.00%	1.80%
Income tax rate - deferred revenue	'	'	54.50%	0.00%
Income tax rate - amortization of intangible assets	'	'	0.00%	-1.40%
Income tax rate - interest	'	'	19.60%	0.00%
Income tax rate - other	'	'	6.00%	13.20%
Income tax rate - total	'	'	126.10%	48.60%

Property_Dispositions_and_Disc2

Property Dispositions and Discontinued Operations (Narratives) (Details) (USD $)

3 Months Ended

6 Months Ended

9 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

6 Months Ended

1 Months Ended

6 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Mar. 31, 2014

Jan. 31, 2014

Dec. 31, 2013

Jan. 31, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2013

Jul. 31, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Feb. 28, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2013

Dec. 31, 2012

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

property

property

property

Manufacturing facility

Previous Tenant

Third Party Purchaser

Jointly Owned Investments

CPA: 16 - Global

CPA: 16 - Global

CPA: 16 - Global

Assets held-for-sale

Assets held-for-sale

Assets held-for-sale

Assets held-for-sale

Assets held-for-sale

Assets held-for-sale

Assets held-for-sale

Assets held-for-sale

CPA: 15

CPA: 15

CPA: 15

Affiliate

Real Estate Ownership

Real Estate Ownership

Real Estate Ownership

Real Estate Ownership

Real Estate Ownership

Real Estate Ownership

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Manufacturing facility

Manufacturing facility

property

CPA: 16 - Global

property

CPA: 16 - Global

property

Jointly Owned Investments

Jointly Owned Investments

Jointly Owned Investments

Assets held-for-sale

property

property

CPA: 15

CPA: 15

Real Estate Ownership

Real Estate Ownership

Real Estate Ownership

Real Estate Ownership

Real Estate Ownership

property

Subsequent Event

property

property

Discontinued Operation Additional Disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenues

$252,907,000

$112,221,000

$461,916,000

$218,251,000

'

'

'

'

'

'

'

'

'

'

$5,100,000

$800,000

$6,000,000

$1,500,000

'

'

'

'

'

'

$176,734,000

$77,657,000

$311,806,000

$154,141,000

'

'

'

'

'

'

'

$119,652,000

$54,189,000

$207,112,000

$107,831,000

'

Net Income attributable to W. P. Carey

64,739,000

43,167,000

178,915,000

57,348,000

'

'

'

'

'

'

'

'

'

'

800,000

300,000

1,600,000

700,000

'

'

'

'

'

'

61,469,000

43,107,000

173,157,000

59,799,000

'

'

'

'

'

'

'

51,009,000

41,432,000

170,625,000

53,442,000

'

Number of properties held for sale

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Properties sold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

2

'

'

'

'

'

'

'

'

5

4

2

'

'

'

'

'

'

Number of real estate properties

686

'

686

'

'

'

'

'

'

'

'

'

9

10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets held for sale

0

'

0

'

86,823,000

'

'

'

'

133,415,000

132,951,000

133,415,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from the sale of properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

116,400,000

'

'

123,400,000

'

'

'

'

'

'

'

'

'

'

4,600,000

40,600,000

'

15,100,000

'

'

'

'

'

'

Financing cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-recourse debt

2,823,415,000

'

2,823,415,000

'

1,492,410,000

'

'

'

'

1,768,288,000

1,768,288,000

1,768,288,000

'

'

'

'

'

'

'

'

'

'

'

'

2,823,415,000

'

2,823,415,000

'

1,492,410,000

'

6,000,000

'

'

'

'

1,641,439,000

'

1,641,439,000

'

874,035,000

Gain (loss) on the sale of real estate

'

'

23,930,000

50,000

'

8,400,000

'

'

'

'

'

'

'

'

'

'

28,000,000

'

'

-300,000

'

'

'

'

'

'

'

'

'

'

100,000

-3,800,000

'

1,100,000

'

'

'

'

'

'

Impairment recognized on asset to be disposed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,100,000

'

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000

'

'

'

'

'

Payment of mortgage obligation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,400,000

'

'

18,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

5,700,000

'

'

'

'

'

'

Gain (Loss) on extinguishment of debt, net of tax

'

'

344,000

-181,000

'

'

'

'

'

'

'

'

'

'

'

'

-100,000

'

'

-1,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

'

'

'

'

'

'

Goodwill allocation adjustment

'

'

2,743,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,743,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Contract selling price

'

'

'

'

'

5,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,300,000

16,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill, allocation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,100,000

'

7,000,000

'

'

'

'

'

'

'

'

'

'

Foreign deferred taxes adjustment

'

'

7,212,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,212,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Contract termination income

'

'

'

'

'

'

4,400,000

1,400,000

'

'

'

'

'

'

'

'

'

'

'

'

2,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Jointly owned investments, ownership percentage

'

'

'

'

'

'

'

'

44.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

56.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in equity method investments

'

'

$459,000

$1,455,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Properties sold or reclassified during the period

'

'

'

'

23

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property_Dispositions_and_Disc3

Property Dispositions and Discontinued Operations (Details 1) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Disposal Group, Including Discontinued Operation, Income Statement Disclosures	'	'	'	'
Revenues	$2,013	$10,539	$8,230	$18,148
Expenses	-389	-5,844	-1,791	-11,990
Gain (loss) on extinguishment of debt	249	28	-1,271	98
Gain on sale of real estate	24,587	1,312	27,685	382
Impairment charges	0	-1,671	0	-4,950
Income from discontinued operations	$26,460	$4,364	$32,853	$1,688

Segment_Reporting_Narratives_D

Segment Reporting (Narratives) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
			segment
Segment Reporting Information [Line Items]	'	'	'	'
Number of business segments	'	'	2	'
Segment Reporting Information Profit Loss	'	'	'	'
Operating expenses	$161,357	$80,811	$332,963	$156,005
Cost of Reimbursable Expense	47,674	18,507	93,420	33,592
Reimbursable costs from affiliates	41,925	15,467	81,657	27,435
Stock-based compensation expense	7,957	8,429	15,000	17,578
Real Estate Ownership	'	'	'	'
Segment Reporting Information Profit Loss	'	'	'	'
Operating expenses	93,112	42,593	200,339	82,491
Investment Management	'	'	'	'
Segment Reporting Information Profit Loss	'	'	'	'
Operating expenses	68,245	38,218	132,624	73,514
Stock-based compensation expense	7,700	7,500	14,600	16,500
CPA: 16 - Global | Real Estate Ownership	'	'	'	'
Segment Reporting Information Profit Loss	'	'	'	'
Operating expenses	'	'	$30,400	'

Segment_Reporting_Details_1

Segment Reporting (Details 1) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information Profit Loss	'	'	'	'
Revenues	$252,907	$112,221	$461,916	$218,251
Operating expenses	-161,357	-80,811	-332,963	-156,005
Interest expense	-47,733	-25,750	-86,808	-51,334
Other, net	8,569	34,991	122,024	47,046
Provision for (benefits from) income taxes	-8,053	1,134	-10,293	2,341
Loss on sale of real estate, net of tax	-3,821	-333	-3,742	-332
Net income attributable to noncontrolling interests	-2,344	-2,692	-3,921	-4,400
Net (loss) income attributable to noncontrolling interests of discontinued operations	-43	330	-178	608
Net loss (income) attributable to redeemable noncontrolling interests	111	43	-151	93
Income from continuing operations attributable to W. P. Carey	38,236	39,133	145,884	56,268
Real Estate Ownership	'	'	'	'
Segment Reporting Information Profit Loss	'	'	'	'
Revenues	176,734	77,657	311,806	154,141
Operating expenses	-93,112	-42,593	-200,339	-82,491
Interest expense	-47,733	-25,750	-86,808	-51,334
Other, net	8,408	34,752	122,191	46,517
Provision for (benefits from) income taxes	-3,142	-2,396	909	-3,571
Loss on sale of real estate, net of tax	-3,821	-333	-3,742	-332
Net income attributable to noncontrolling interests	-2,325	-2,594	-3,713	-4,819
Net (loss) income attributable to noncontrolling interests of discontinued operations	-43	330	-178	608
Income from continuing operations attributable to W. P. Carey	34,966	39,073	140,126	58,719
Investment Management	'	'	'	'
Segment Reporting Information Profit Loss	'	'	'	'
Revenues	76,173	34,564	150,110	64,110
Operating expenses	-68,245	-38,218	-132,624	-73,514
Other, net	161	239	-167	529
Provision for (benefits from) income taxes	-4,911	3,530	-11,202	5,912
Net income attributable to noncontrolling interests	-19	-98	-208	419
Net loss (income) attributable to redeemable noncontrolling interests	111	43	-151	93
Income from continuing operations attributable to W. P. Carey	$3,270	$60	$5,758	($2,451)

Segment_Reporting_Details_2

Segment Reporting (Details 2) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'
Long-lived assets	$5,456,613	$3,333,654
Total assets	8,293,748	4,678,950
Real Estate Ownership	'	'
Assets	'	'
Long-lived assets	5,456,613	3,333,654
Total assets	8,155,305	4,537,853
Investment Management	'	'
Assets	'	'
Long-lived assets	0	0
Total assets	$138,443	$141,097

Segment_Reporting_Details_3

Segment Reporting (Details 3) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

In Thousands, unless otherwise specified

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Feb. 28, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Real Estate Investments

Real Estate Investments

Real Estate Investments

Real Estate Investments

Real Estate Investments

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

International

International

International

International

International

Real Estate Investments

Real Estate Investments

Real Estate Investments

Real Estate Investments

Real Estate Investments

Real Estate Investments

Real Estate Investments

Real Estate Investments

Real Estate Investments

Real Estate Investments

Segment Reporting Information Profit Loss

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenues

$252,907

$112,221

$461,916

$218,251

'

$176,734

$77,657

$311,806

$154,141

'

'

$119,652

$54,189

$207,112

$107,831

'

$57,082

$23,468

$104,694

$46,310

'

Income from continuing operations before income taxes and after loss on sale of real estate, net of tax

'

'

'

'

'

44,297

44,066

146,850

66,833

'

'

30,851

40,502

144,773

57,324

'

13,446

3,564

2,077

9,509

'

Net income attributable to noncontrolling interests

-2,344

-2,692

-3,921

-4,400

'

-2,325

-2,594

-3,713

-4,819

'

'

-1,123

-2,692

-2,239

-4,810

'

-1,202

98

-1,474

-9

'

Net Income attributable to W. P. Carey

64,739

43,167

178,915

57,348

'

61,469

43,107

173,157

59,799

'

'

51,009

41,432

170,625

53,442

'

10,460

1,675

2,532

6,357

'

Assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-lived assets

5,456,613

'

5,456,613

'

3,333,654

5,456,613

'

5,456,613

'

3,333,654

'

3,744,496

'

3,744,496

'

2,172,549

1,712,117

'

1,712,117

'

1,161,105

Non-recourse debt

$2,823,415

'

$2,823,415

'

$1,492,410

$2,823,415

'

$2,823,415

'

$1,492,410

$6,000

$1,641,439

'

$1,641,439

'

$874,035

$1,181,976

'

$1,181,976

'

$618,375