W. P. Carey (WPC) 10-Q 5 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	W. P. Carey Inc.
Entity Central Index Key	1,025,378
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		104,403,517

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Investments in real estate:
Real estate, at cost (inclusive of $183,818 and $184,417, respectively, attributable to variable interest entities, or VIEs)	$ 5,297,782	$ 5,006,682
Operating real estate, at cost (inclusive of $38,714 and $38,714, respectively, attributable to VIEs)	82,648	84,885
Accumulated depreciation (inclusive of $25,350 and $19,982, respectively, attributable to VIEs)	(351,666)	(258,493)
Net investments in properties	5,028,764	4,833,074
Net investments in direct financing leases (inclusive of $59,800 and $61,609, respectively, attributable to VIEs)	780,239	816,226
Assets held for sale	4,863	7,255
Net investments in real estate	5,813,866	5,656,555
Cash and cash equivalents (inclusive of $1,300 and $2,652, respectively, attributable to VIEs)	191,318	198,683
Equity investments in the Managed Programs and real estate	275,883	249,403
Due from affiliates	147,700	34,477
In-place lease and tenant relationship intangible assets, net (inclusive of $18,706 and $21,267, respectively, attributable to VIEs)	928,962	993,819
Goodwill	684,576	692,415
Above-market rent intangible assets, net (inclusive of $12,292 and $13,767, respectively, attributable to VIEs)	492,754	522,797
Other assets, net (inclusive of $18,905 and $18,603, respectively, attributable to VIEs)	353,369	300,330
Total assets	8,888,428	8,648,479
Liabilities:
Non-recourse debt, net (inclusive of $121,634 and $125,226, respectively, attributable to VIEs)	2,412,612	2,532,683
Senior Unsecured Notes, net	1,502,007	498,345
Senior Unsecured Credit Facility - Revolver	435,489	807,518
Senior Unsecured Credit Facility - Term Loan	250,000	250,000
Accounts payable, accrued expenses and other liabilities (inclusive of $4,768 and $5,573, respectively, attributable to VIEs)	298,514	293,846
Below-market rent and other intangible liabilities, net (inclusive of $8,715 and $9,305, respectively, attributable to VIEs)	165,647	175,070
Deferred income taxes (inclusive of $544 and $587, respectively, attributable to VIEs)	87,570	94,133
Distributions payable	101,645	100,078
Total liabilities	5,253,484	4,751,673
Redeemable noncontrolling interest	$ 14,622	$ 6,071
Commitments and contingencies (Note 13)
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; 105,446,627 and 105,085,069 shares issued, respectively; and 104,402,211 and 104,040,653 shares outstanding, respectively	105	105
Additional paid-in capital	4,300,859	4,322,273
Distributions in excess of accumulated earnings	(655,095)	(465,606)
Deferred compensation obligation	57,395	30,624
Accumulated other comprehensive loss	(156,669)	(75,559)
Less: treasury stock at cost, 1,044,416 shares	(60,948)	(60,948)
Total W. P. Carey stockholders’ equity	3,485,647	3,750,889
Noncontrolling interests	134,675	139,846
Total equity	3,620,322	3,890,735
Total liabilities and equity	$ 8,888,428	$ 8,648,479

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Investments in real estate:
Real estates, at cost attributable to consolidated VIEs	$ 5,297,782	$ 5,006,682
Operating real estate, at cost attributable to VIEs	82,648	84,885
Accumulated depreciation attributable to consolidated VIEs	351,666	258,493
Net investments in direct financing leases	780,239	816,226
Cash and cash equivalents attributable to consolidated VIEs	191,318	198,683
In-place lease, net attributable to consolidated VIEs	928,962	993,819
Above-market rent, net attributable to consolidated VIEs	492,754	522,797
Other assets, net attributable to consolidated VIEs	353,369	300,330
Liabilities:
Non-recourse debt attributable to consolidated VIEs	2,412,612	2,532,683
Accounts payable, accrued expenses, and other liabilities attributable to consolidated VIEs	298,514	293,846
Below-market rent and other intangible liabilities, net attributable to consolidated VIEs	165,647	175,070
Deferred income taxes attributable to consolidated VIEs	$ 87,570	$ 94,133
W. P. Carey stockholders’ equity:
Preferred stock, par share value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Common stock, per share value	$ 0.001	$ 0.001
Common stock, shares authorized	450,000,000	450,000,000
Common stock, shares issued	105,446,627	105,085,069
Common stock, shares outstanding	104,402,211	104,040,653
Treasury stock, shares	1,044,416	1,044,416
Variable Interest Entity
Investments in real estate:
Real estates, at cost attributable to consolidated VIEs	$ 183,818	$ 184,417
Operating real estate, at cost attributable to VIEs	38,714	38,714
Accumulated depreciation attributable to consolidated VIEs	25,350	19,982
Net investments in direct financing leases	59,800	61,609
Cash and cash equivalents attributable to consolidated VIEs	1,300	2,652
In-place lease, net attributable to consolidated VIEs	18,706	21,267
Above-market rent, net attributable to consolidated VIEs	12,292	13,767
Other assets, net attributable to consolidated VIEs	18,905	18,603
Liabilities:
Non-recourse debt attributable to consolidated VIEs	121,634	125,226
Accounts payable, accrued expenses, and other liabilities attributable to consolidated VIEs	4,768	5,573
Below-market rent and other intangible liabilities, net attributable to consolidated VIEs	8,715	9,305
Deferred income taxes attributable to consolidated VIEs	$ 544	$ 587

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Real estate revenues:
Lease revenues	$ 164,741	$ 149,243	$ 487,480	$ 420,563
Operating property revenues	8,107	8,344	23,645	21,586
Reimbursable tenant costs	5,340	6,271	17,409	18,034
Lease termination income and other	2,988	1,415	9,319	17,590
Total real estate revenue	181,176	165,273	537,853	477,773
Revenues from the Managed Programs:
Asset management revenue	13,004	9,088	36,236	27,910
Reimbursable costs	11,155	14,722	28,401	96,379
Structuring revenue	8,207	5,487	67,735	40,492
Dealer manager fees	1,124	2,436	2,704	17,062
Incentive revenue	0	0	203	0
Revenue from the Managed Programs	33,490	31,733	135,279	181,843
Total revenues	214,666	197,006	673,132	659,616
Operating Expenses
Depreciation and amortization	75,512	59,524	206,079	175,642
General and administrative	22,842	20,261	78,987	62,066
Impairment charges	19,438	4,225	22,711	6,291
Reimbursable tenant and affiliate costs	16,495	20,993	45,810	114,413
Property expenses, excluding reimbursable tenant costs	11,120	10,346	31,504	29,976
Merger, property acquisition, and other expenses	4,760	618	12,333	31,369
Stock-based compensation expense	3,966	7,979	16,063	22,979
Dealer manager fees and expenses	3,185	3,847	7,884	15,557
Subadvisor fees	1,748	381	8,555	2,850
Total operating expenses	159,066	128,174	429,926	461,143
Other Income and Expenses
Interest expense	(49,683)	(46,534)	(145,325)	(133,342)
Equity in earnings of equity method investments in the Managed Programs and real estate	12,635	11,610	38,630	35,324
Other income and (expenses)	6,608	(5,141)	9,944	(12,158)
Gain on change in control of interests	0	0	0	105,947
Total other income and expenses	(30,440)	(40,065)	(96,751)	(4,229)
Income from continuing operations before income taxes and gain (loss) on sale of real estate	25,160	28,767	146,455	194,244
Provision for income taxes	(3,361)	(901)	(20,352)	(11,175)
Income from continuing operations before gain (loss) on sale of real estate	21,799	27,866	126,103	183,069
Income from discontinued operations, net of tax	0	190	0	33,018
Gain (loss) on sale of real estate, net of tax	1,779	260	2,980	(3,482)
Net Income	23,578	28,316	129,083	212,605
Net income attributable to noncontrolling interests	(1,833)	(993)	(7,874)	(4,914)
Net loss (income) attributable to redeemable noncontrolling interest	0	14	0	(137)
Net Income Attributable to W. P. Carey	$ 21,745	$ 27,337	$ 121,209	$ 207,554
Basic Earnings Per Share
Income from continuing operations attributable to W. P. Carey	$ 0.20	$ 0.27	$ 1.14	$ 1.80
Income from discontinued operations attributable to W. P. Carey	0	0	0	0.34
Net Income Attributable to W. P. Carey	0.20	0.27	1.14	2.14
Diluted Earnings Per Share
Income from continuing operations attributable to W. P. Carey	0.20	0.27	1.13	1.78
Income from discontinued operations attributable to W. P. Carey	0	0	0	0.34
Net Income Attributable to W. P. Carey	$ 0.20	$ 0.27	$ 1.13	$ 2.12
Weighted-Average Shares Outstanding
Basic (in shares)	105,813,237	100,282,082	105,627,423	96,690,675
Diluted (in shares)	106,337,040	101,130,448	106,457,495	97,728,981
Amounts Attributable to W. P. Carey
Income from continuing operations, net of tax	$ 21,745	$ 27,151	$ 121,209	$ 174,362
Income from discontinued operations, net of tax	0	186	0	33,192
Net Income Attributable to W. P. Carey	$ 21,745	$ 27,337	$ 121,209	$ 207,554
Distributions Declared Per Share	$ 0.9550	$ 0.9400	$ 2.8615	$ 2.7350

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net Income	$ 23,578	$ 28,316	$ 129,083	$ 212,605
Other Comprehensive Loss
Foreign currency translation adjustments	(37,138)	(55,096)	(103,127)	(52,140)
Realized and unrealized gain on derivative instruments	1,289	16,151	18,488	11,587
Change in unrealized (loss) gain on marketable securities	0	(12)	14	0
Net current period other comprehensive income (loss)	(35,849)	(38,957)	(84,625)	(40,553)
Comprehensive (Loss) Income	(12,271)	(10,641)	44,458	172,052
Amounts Attributable to Noncontrolling Interests
Net income attributable to noncontrolling interests	(1,833)	(993)	(7,874)	(4,914)
Foreign currency translation adjustments	(43)	3,504	3,515	3,951
Comprehensive (income) loss attributable to noncontrolling interests	(1,876)	2,511	(4,359)	(963)
Amounts Attributable to Redeemable Noncontrolling Interest
Net loss (income) attributable to redeemable noncontrolling interest	0	14	0	(137)
Foreign currency translation adjustments	0	(32)	0	(5)
Comprehensive income attributable to redeemable noncontrolling interest	0	(18)	0	(142)
Comprehensive (Loss) Income Attributable to W. P. Carey	$ (14,147)	$ (8,148)	$ 40,099	$ 170,947

Consolidated Statement of Equit

Consolidated Statement of Equity (Unaudited) - USD ($) $ in Thousands	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
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
W.P. Carey Stockholders
Shares issued in public offering, value	282,162	$ 5	282,157					282,162
Shares issued in public offering, shares		4,600,000
Exercise of stock options and employee purchases under the employee share purchase plan, value	1,220		1,220					1,220
Exercise of stock options and employee purchases under the employee share purchase plan, shares		24,725
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	99,757							0	99,757
Grants issued in connection with services rendered, shares, value	(15,736)		(15,736)					(15,736)
Grants issued in connection with services rendered, shares		368,347
Shares issued under share incentive plans, value	(849)		(849)					(849)
Shares issued under share incentive plans, shares		35,683
Deferral of vested shares	0		(15,428)		15,428			0
Contributions from noncontrolling interest	379								379
Windfall tax benefits - share incentive plan	5,449		5,449					5,449
Amortization of stock-based compensation expense	22,979		22,979					22,979
Redemption value adjustment	306		306					306
Distributions to noncontrolling interests	(15,270)								(15,270)
Distributions declared	(281,072)		3,179	(288,093)	3,842			(281,072)
Purchase of treasury stock from related party, value	(678)						(678)	(678)
Purchase of treasury stock from related party, shares		(11,037)
Foreign currency translation	50								50
Net income	212,468			207,554				207,554	4,914
Other comprehensive income (loss):
Foreign currency translation adjustments	(52,145)					(48,194)		(48,194)	(3,951)
Realized and unrealized gain on derivative instruments	11,587					11,587		11,587
Balance - end of period at Sep. 30, 2014	4,007,923	$ 105	4,313,896	(399,116)	30,624	(21,271)	(60,948)	3,863,290	144,633
Ending equity balance - shares at Sep. 30, 2014		104,014,166
Balance - beginning of period at Dec. 31, 2014	$ 3,890,735	$ 105	4,322,273	(465,606)	30,624	(75,559)	(60,948)	3,750,889	139,846
Beginning equity balance - shares at Dec. 31, 2014	104,040,653	104,040,653
W.P. Carey Stockholders
Exercise of stock options and employee purchases under the employee share purchase plan, value	$ 360		360					360
Exercise of stock options and employee purchases under the employee share purchase plan, shares		8,738
Grants issued in connection with services rendered, shares, value	(14,695)		(14,695)					(14,695)
Grants issued in connection with services rendered, shares		308,146
Shares issued under share incentive plans, value	(1,748)		(1,748)					(1,748)
Shares issued under share incentive plans, shares		44,674
Deferral of vested shares	0		(24,935)		24,935
Contributions from noncontrolling interest	586								586
Windfall tax benefits - share incentive plan	7,028		7,028					7,028
Amortization of stock-based compensation expense	16,063		16,063					16,063
Redemption value adjustment	(8,551)		(8,551)					(8,551)
Distributions to noncontrolling interests	(10,116)								(10,116)
Distributions declared	(303,798)		5,064	(310,698)	1,836			(303,798)
Net income	129,083			121,209				121,209	7,874
Other comprehensive income (loss):
Foreign currency translation adjustments	(103,127)					(99,612)		(99,612)	(3,515)
Realized and unrealized gain on derivative instruments	18,488					18,488		18,488
Change in unrealized gain on marketable securities	14					14		14
Balance - end of period at Sep. 30, 2015	$ 3,620,322	$ 105	$ 4,300,859	$ (655,095)	$ 57,395	$ (156,669)	$ (60,948)	$ 3,485,647	$ 134,675
Ending equity balance - shares at Sep. 30, 2015	104,402,211	104,402,211

Consolidated Statement of Equi7

Consolidated Statement of Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Stockholders' Equity [Abstract]
Per shares distributions declared	$ 0.9550	$ 0.9400	$ 2.8615	$ 2.7350

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows — Operating Activities
Net income	$ 129,083	$ 212,605
Adjustments to net income:
Depreciation and amortization, including intangible assets and deferred financing costs	212,273	184,808
Straight-line rent and amortization of rent-related intangibles	27,980	35,229
Impairment charges	22,711	6,291
Management income received in shares of Managed REITs and other	(16,808)	(27,933)
Stock-based compensation expense	16,063	22,979
Realized and unrealized (gain) loss on foreign currency transactions, derivatives, extinguishment of debt, and other	(3,368)	2,718
Gain on sale of real estate	(2,980)	(24,188)
Equity in earnings of equity method investments in the Managed Programs and real estate in excess of distributions received	(2,776)	(1,915)
Gain on change in control of interests	0	(105,947)
Amortization of deferred revenue	0	(786)
Changes in assets and liabilities:
Increase in structuring revenue receivable	(21,574)	(13,398)
Deferred acquisition revenue received	20,105	12,693
Payments for withholding taxes upon delivery of equity-based awards and exercises of stock options	(16,443)	(16,585)
Net changes in other operating assets and liabilities	(33,363)	(9,417)
Net Cash Provided by Operating Activities	330,903	277,154
Cash Flows — Investing Activities
Purchases of real estate	(529,812)	(246,593)
Funding of short-term loans to affiliates	(155,447)	(11,000)
Proceeds from repayment of short-term loans to affiliates	50,000	11,000
Proceeds from sale of real estate	28,949	281,164
Investment in real estate under construction	(27,976)	(7,879)
Change in investing restricted cash	24,607	(29,219)
Capital contributions to equity investments in real estate	(15,903)	(468)
Value added taxes paid in connection with acquisition of real estate	(10,263)	0
Proceeds from repayment of note receivable	10,258	0
Distributions received from equity investments in the Managed Programs and real estate in excess of equity income	5,798	10,057
Capital expenditures on corporate assets	(3,482)	(16,696)
Capital expenditures on owned real estate	(3,416)	(3,139)
Other investing activities, net	1,486	2,427
Cash acquired in connection with the CPA®:16 Merger	0	65,429
Purchase of securities	0	(7,664)
Cash paid to stockholders of CPA®:16 – Global in the CPA®:16 Merger	0	(1,338)
Net Cash (Used in) Provided by Investing Activities	(625,201)	46,081
Cash Flows — Financing Activities
Repayments of Senior Unsecured Credit Facility	(1,104,522)	(1,395,000)
Proceeds from issuance of Senior Unsecured Notes	1,022,303	498,195
Proceeds from Senior Unsecured Credit Facility	758,665	1,285,286
Distributions paid	(302,205)	(248,918)
Scheduled payments of mortgage principal	(54,422)	(96,797)
Proceeds from mortgage financing	22,667	12,330
Payment of financing costs	(10,878)	(12,187)
Change in financing restricted cash	(10,406)	(589)
Distributions paid to noncontrolling interests	(10,116)	(16,194)
Prepayments of mortgage principal	(9,678)	(216,065)
Windfall tax benefit associated with stock-based compensation awards	7,028	5,449
Contributions from noncontrolling interests	586	502
Proceeds from exercise of stock options and employee purchases under the employee share purchase plan	360	1,220
Proceeds from issuance of shares in public offering	0	282,586
Purchase of treasury stock from related party	0	(679)
Net Cash Provided by Financing Activities	309,382	99,139
Change in Cash and Cash Equivalents During the Period
Effect of exchange rate changes on cash	(22,449)	(9,617)
Net (decrease) increase in cash and cash equivalents	(7,365)	412,757
Cash and cash equivalents, beginning of period	198,683	117,519
Cash and cash equivalents, end of period	$ 191,318	$ 530,276

Business and Organization

Business and Organization	9 Months Ended
	Sep. 30, 2015
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 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 generally requires each tenant to pay substantially all of the costs associated with operating and maintaining the property. Originally founded in 1973, we reorganized as a REIT in September 2012 in connection with our merger with Corporate Property Associates 15 Incorporated. We refer to that merger as the CPA ® :15 Merger. On January 31, 2014, Corporate Property Associates 16 – Global Incorporated, or CPA ® :16 – Global, merged with and into us ( Note 4 ), which we refer to as the CPA ® :16 Merger. Our shares of common stock are listed on the New York Stock Exchange under the symbol “WPC.” 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 federal income taxation other than from our taxable REIT subsidiaries, or TRSs, 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. Through our TRSs we also earn revenue as the advisor to publicly-owned, non-listed REITs, which are sponsored by us under the Corporate Property Associates, or CPA ® , brand name that invest in similar properties. At September 30, 2015 , 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 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 together as the CPA ® REITs. At September 30, 2015 , we were also the advisor to Carey Watermark Investors Incorporated, referred to as CWI or CWI 1, and Carey Watermark Investors 2 Incorporated, or CWI 2, two publicly-owned, non-listed REITs that invest in lodging and lodging-related properties. We refer to CWI 1 and CWI 2 together as the CWI REITs, and, together with the CPA ® REITs, as the Managed REITs ( Note 5 ). We have also invested in Carey Credit Income Fund, or CCIF, a newly formed business development company, or BDC ( Note 8 ), with a third-party investment partner, which is the master fund in a master/feeder fund structure. In July 2015, two registration statements on Form N-2 for two feeder funds of CCIF, or the CCIF Feeder Funds, were declared effective by the SEC. The CCIF Feeder Funds intend to invest the proceeds that they raise in their respective public offerings into the master fund, CCIF. The advisor to CCIF is wholly owned by us. We refer to CCIF and the CCIF Feeder Funds collectively as the Managed BDCs and, together with the Managed REITs, as the Managed Programs. Reportable Segments Real Estate Ownership — We own and invest in commercial properties principally in the United States, Europe, and Asia 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 through our ownership of shares of the Managed REITs ( Note 8 ). Through our special member interests in the operating partnerships of the Managed REITs, we also participate in their cash flows ( Note 5 ). At September 30, 2015 , our owned portfolio was comprised of our full or partial ownership interests in 854 properties, totaling approximately 89.8 million square feet, substantially all of which were net leased to 221 tenants, with an occupancy rate of 98.8% . 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 may 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. At September 30, 2015 , CPA ® :17 – Global and CPA ® :18 – Global collectively owned all or a portion of 421 properties, including certain properties in which we have an ownership interest. Substantially all of these properties, totaling approximately 47.5 million square feet, were net leased to 199 tenants, with an average occupancy rate of approximately 99.9% . The Managed REITs also had interests in 157 operating properties, totaling approximately 18.2 million square feet. We continue to explore alternatives for expanding our investment management operations by raising funds beyond advising the existing Managed REITs. Any such expansion could involve the purchase of properties or other investments as principal, either for our owned portfolio or with the intention of transferring such investments to a newly-created fund, as well as the sponsorship of one or more funds to make investments other than primarily net lease investments, such as the CWI REITs and the Managed BDCs. These new funds could invest primarily in assets other than net-lease real estate and could include funds raised through private placements or publicly-traded vehicles, either in the United States or internationally.

Revisions of Previously -Issued

Revisions of Previously -Issued Financial Statements	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Revisions of Previously -Issued Financial Statements	Revisions of Previously-Issued Financial Statements During the second quarter of 2015 , we identified errors in the March 31, 2015 interim consolidated financial statements related to the calculation of foreign currency translation of the assets and liabilities of a foreign investment acquired in January 2015 and the presentation of certain foreign currency losses within the consolidated statement of cash flows for the three months ended March 31, 2015. We evaluated the impact on the previously issued financial statements and concluded that these errors were not material to our consolidated financial statements as of and for the three months ended March 31, 2015. However, in order to correctly present such foreign currency translation and certain foreign currency losses, we will revise the consolidated statements of comprehensive (loss) income, equity, and cash flows for the three months ended March 31, 2015 when such statements are presented in our future public filings. The interim consolidated financial statements as of and for the three months ended June 30, 2015 and September 30, 2015 are not impacted by these adjustments. If the correct foreign currency translation adjustments had been recorded during the three months ended March 31, 2015, Total assets and Total liabilities and equity each would have been higher by $17.6 million , comprised of increases in Real estate, at cost of $14.8 million and In-place lease intangibles of $2.8 million with a corresponding increase of $0.3 million in Below-market rent and other intangible liabilities, net and a $17.3 million decrease in Accumulated other comprehensive loss on the consolidated balance sheet and consolidated statement of equity as of and for the three months ended March 31, 2015. Additionally, Other comprehensive loss, Comprehensive loss, and Comprehensive loss attributable to W. P. Carey within the consolidated statement of comprehensive loss each would have been reduced by $17.3 million for the three months ended March 31, 2015. In addition, if foreign currency losses had been properly presented within the consolidated statement of cash flows for the three months ended March 31, 2015, Net cash provided by operating activities for that period would have increased by $13.6 million with a corresponding decrease to the Effect of exchange rate changes on cash. The revisions described above had no effect on our cash balances or liquidity as of March 31, 2015, or the consolidated statements of income or basic and diluted earnings per common share for the three months ended March 31, 2015.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Basis of Presentation Our interim consolidated financial statements have been prepared 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 United States, 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, 2014 , which are included in the 2014 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. 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 September 30, 2015 , we had an investment in a tenancy-in-common interest in various underlying international properties. Consolidation of this investment is not required as such interest does not qualify as a VIE and does not meet the control requirement 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 this investment. We also have certain investments in wholly-owned tenancy-in-common interests, which we now consolidate after we obtained the remaining interests in the CPA ® :16 Merger. At September 30, 2015 , we consolidated 18 VIEs . 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. 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 jointly-owned 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 September 30, 2015 , one of our equity investments was a VIE and none had carrying values below zero. In June 2014, CWI 2 filed a registration statement on Form S-11 with the SEC to sell up to $1.0 billion of common stock in an initial public offering plus up to an additional $400.0 million of its common stock under a distribution reinvestment plan. In January 2015, CWI 2 amended the registration statement to increase the offering size to $1.4 billion of its class A common stock plus up to an additional $600.0 million of its class A common stock through its distribution reinvestment plan. The registration statement was declared effective by the SEC on February 9, 2015. An amended registration statement adding the class T common stock was declared effective by the SEC on April 13, 2015, so that the offering amounts noted can be in any combination of class A or class T shares. Through May 15, 2015, the financial activity of CWI 2 was included in our consolidated financial statements. On May 15, 2015, upon CWI 2 reaching its minimum offering proceeds and admitting new stockholders, we deconsolidated CWI 2 and began to account for our interest in it under the equity method. The deconsolidation did not have a material impact on our financial position or results of operations. Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. The consolidated financial statements included in this Report have been retrospectively adjusted to reflect the disposition of certain properties as discontinued operations and certain measurement period adjustments related to purchase accounting for all periods presented. Recent Accounting Requirements The following Accounting Standards Updates, or ASUs, promulgated by the Financial Accounting Standards Board are applicable to us: ASU 2015-16, Business Combinations (Topic 805) — ASU 2015-16 requires that an acquirer recognize adjustments identified during the business combination measurement period in the reporting period in which the adjustment amounts are determined. The effects on earnings due to changes in depreciation, amortization, or other income effects as a result of the change are also recognized in the same period’s financial statements. ASU 2015-16 also requires that acquirers present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, early adoption is permitted, and prospective application is required for adjustments that are identified after the effective date of this update. We elected to early adopt ASU 2015-16 and implemented the standard prospectively beginning July 1, 2015. ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) — ASU 2015-03 changes the presentation of debt issuance costs, which are currently recognized as a deferred charge (that is, an asset) and requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 does not affect the recognition and measurement guidance for debt issuance costs. ASU 2015-03 is effective for periods beginning after December 15, 2015, early adoption is permitted and retrospective application is required. We are currently evaluating the impact of ASU 2015-03 on our consolidated financial statements. 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 lease 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. In August 2015, the Financial Accounting Standards Board issued ASU 2015-14, which defers the effective date of ASU 2014-09 for all entities by one year, until years beginning in 2018, with early adoption permitted but not before 2017, the original public company effective date. 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.

Merger with CPA__16 _ Global

Merger with CPA®:16 – Global	9 Months Ended
	Sep. 30, 2015
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 share of CPA ® :16 – Global stock owned, 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 5 ). 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. 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 September 30, 2014 were $184.3 million and $62.5 million (inclusive of $2.2 million attributable to noncontrolling interests), respectively. During 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 16 ). The results of operations for all ten of 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. The results of operations for this property have been included in Income from continuing operations before income taxes in the consolidated financial statements. 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 $30.5 million related to the CPA ® :16 Merger were incurred in 2014, of which $30.4 million were incurred and expensed during the nine months ended September 30, 2014 and classified within Merger and property acquisition expenses in the consolidated financial statements. In addition, CPA ® :16 – Global incurred a total of $10.6 million of merger expenses prior to January 31, 2014. 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 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 $2.6 million , resulting in an increase of $2.6 million in Gain on change in control of interests. In accordance with Accounting Standards Codification, or ASC, 805-10-25, we did not record the measurement period adjustments during the periods they occurred. Rather, such amounts are reflected in the financial statements for 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 during the first quarter of 2014, which was the difference between our carrying values and the 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. 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 during the first quarter of 2014 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 $278.2 million , respectively. During 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. 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 nine months ended September 30, 2014 . 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 September 30, 2014 Nine Months Ended September 30, 2014 Pro forma total revenues $ 195,945 $ 682,977 Pro forma net income from continuing operations, net of tax $ 28,086 $ 106,495 Pro forma net income attributable to noncontrolling interests (993 ) (3,909 ) Pro forma net loss (income) attributable to redeemable noncontrolling interest 14 (137 ) Pro forma net income from continuing operations, net of tax attributable to W. P. Carey (a) $ 27,107 $ 102,449 Pro forma earnings per share: (a) Basic $ 0.27 $ 1.02 Diluted $ 0.26 $ 1.01 Pro forma weighted-average shares: (b) Basic 100,282,082 100,080,000 Diluted 101,130,448 101,118,305 __________ (a) The pro forma income attributable to W. P. Carey for the three and nine months ended September 30, 2014 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 December 31, 2014 , (ii) an aggregate gain on change in control of interests, and (iii) an income tax expense from a permanent difference upon recognition of deferred revenue associated with accelerated vesting of shares previously issued by CPA ® :16 – Global for asset management and performance fees in connection with the CPA ® :16 Merger. (b) The pro forma weighted-average shares outstanding for the three and nine months ended September 30, 2014 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 wit

Agreements and Transactions with Related Parties	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Agreements and Transactions with Related Parties	Agreements and Transactions with Related Parties Advisory Agreements with the Managed Programs We have advisory agreements with each of the Managed Programs, pursuant to which we earn fees and are entitled to receive reimbursement for fund management expenses, as well as cash distributions. We also earn fees for serving as the dealer-manager of the public offerings of the Managed Programs. The following tables present a summary of revenue earned and/or cash received from the Managed Programs for the periods indicated, included in the consolidated financial statements (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Asset management revenue $ 12,981 $ 9,064 $ 36,167 $ 27,840 Reimbursable costs from affiliates 11,155 14,722 28,401 96,379 Distributions of Available Cash 10,182 7,893 28,244 23,574 Structuring revenue 8,207 5,487 67,735 40,492 Dealer manager fees 1,124 2,436 2,704 17,062 Interest income on deferred acquisition fees and loans to affiliates 576 172 1,172 515 Incentive revenue — — 203 — Deferred revenue earned — — — 786 $ 44,225 $ 39,774 $ 164,626 $ 206,648 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 CPA ® :16 – Global (a) $ — $ — $ — $ 7,999 CPA ® :17 – Global (b) 17,654 16,555 59,815 49,032 CPA ® :18 – Global (b) 12,725 8,836 56,392 107,668 CWI 1 (b) 7,581 14,383 36,735 41,949 CWI 2 (b) 6,265 — 11,684 — CCIF (c) — — — — $ 44,225 $ 39,774 $ 164,626 $ 206,648 __________ (a) The amount for the nine months ended September 30, 2014 reflects transactions through January 31, 2014, the date of the CPA ® :16 Merger. (b) The advisory agreements with each of the Managed REITs are scheduled to expire on December 31, 2015, unless otherwise renewed. (c) The advisory agreement with CCIF, which commenced February 27, 2015, is subject to renewal on or before February 26, 2017 unless otherwise renewed. The following table presents a summary of amounts included in Due from affiliates in the consolidated financial statements (in thousands): September 30, 2015 December 31, 2014 Notes receivable from affiliates, including interest thereon $ 106,005 $ — Deferred acquisition fees receivable 28,382 26,913 Reimbursable costs 5,140 301 Accounts receivable 4,083 2,680 Asset management fees receivable 2,157 — Organization and offering costs 1,405 2,120 Current acquisition fees receivable 528 2,463 $ 147,700 $ 34,477 Asset Management Revenue Under the advisory agreements with the Managed Programs, we earn asset management revenue for managing their investment portfolios. The following table presents a summary of our asset management fee arrangements with the Managed Programs: Managed Program Rate Payable Description CPA ® :16 – Global 0.5% 2014 in cash; 2015 N/A Rate is based on adjusted invested assets CPA ® :17 – Global 0.5% - 1.75% 2014 in shares of its common stock; 2015 50% in cash and 50% in shares of its common stock Rate depends on the type of investment and is based on the average market or average equity value, as applicable CPA ® :18 – Global 0.5% - 1.5% 2014 and 2015 in shares of its class A common stock Rate depends on the type of investment and is based on the average market or average equity value, as applicable CWI 1 0.5% 2014 in shares of its common stock; 2015 in cash Rate is based on the average market value of the investment CWI 2 0.55% 2014 N/A; 2015 in shares of its class A common stock Rate is based on the average market value of the investment CCIF 1.75% - 2.00% We have elected to waive all asset management fees until the day before either of the CCIF Feeder Funds initially acquires CCIF’s common shares Based on the average of gross assets at fair value; we are required to pay 50% of the asset management revenue we receive to the subadvisor Incentive Fees We are entitled to receive a quarterly incentive fee on income from CCIF equal to 100% of quarterly net investment income, before incentive fee payments, in excess of 1.875% of CCIF’s average adjusted capital up to a limit of 2.344% , plus 20% of net investment income, before incentive fee payments, in excess of 2.344% of average adjusted capital. We are also entitled to receive from CCIF an incentive fee on realized capital gains of 20% , net of (i) all realized capital losses and unrealized depreciation on a cumulative basis, and (ii) the aggregate amount, if any, of previously paid incentive fees on capital gains since inception. We have elected to waive all incentive fees until the day before either of the CCIF Feeder Funds initially acquires CCIF’s common shares. Through September 30, 2015, the CCIF Feeder Funds had not acquired any of CCIF’s common shares. Structuring Revenue Under the terms of the advisory agreements, we earn revenue for structuring and negotiating investments and related financing for the Managed REITs. We do not earn any structuring revenue from the Managed BDCs. The following table presents a summary of our structuring fee arrangements with the Managed REITs: Managed Program Rate Payable Description CPA ® :17 – Global 1% - 1.75%, 4.5% In cash; for non net-lease investments, 1% - 1.75% upon completion; for net-lease investments, 2.5% upon completion, with 2% deferred and payable in three interest-bearing annual installments Based on the total aggregate cost of the net-lease investments made; also based on the total aggregate cost of the non net-lease investments made; total limited to 6% of the contract prices in aggregate CPA ® :18 – Global 4.5% In cash; for net-lease investments, 2.5% upon completion, with 2% deferred and payable in three interest-bearing annual installments Based on the total aggregate cost of the net-lease investments made; total limited to 6% of the contract prices in aggregate CWI REITs 2.5% In cash upon completion Based on the total aggregate cost of the lodging investments made; loan refinancing transactions up to 1% of the principal amount; total limited to 6% of the contract prices in aggregate Reimbursable Costs from Affiliates The Managed Programs reimburse us for certain costs that we incur on their behalf, which consist primarily of broker-dealer commissions, marketing costs, an annual distribution and shareholder servicing fee, or Shareholder Servicing Fee, and certain personnel and overhead costs, as applicable. The following tables present summaries of such fee arrangements: Broker-Dealer Selling Commissions Managed Program Rate Payable Description CPA ® :18 – Global and CWI 2 Class A Shares, and CWI 1 Common Stock $0.70 In cash upon share settlement; 100% re-allowed to broker-dealers Per share sold CPA ® :18 – Global Class C Shares $0.14 In cash upon share settlement; 100% re-allowed to broker-dealers Per share sold CWI 2 Class T Shares $0.19 In cash upon share settlement; 100% re-allowed to broker-dealers Per share sold CCIF Feeder Funds 0% - 3% In cash upon share settlement; 100% re-allowed to broker-dealers Based on the selling price of each share sold Dealer Manager Fees Managed Program Rate Payable Description CPA ® :18 – Global and CWI 2 Class A Shares, and CWI 1 Common Stock $0.30 Per share sold In cash upon share settlement; a portion may be re-allowed to broker-dealers CPA ® :18 – Global Class C Shares $0.21 Per share sold In cash upon share settlement; a portion may be re-allowed to broker-dealers CWI 2 Class T Shares $0.26 Per share sold In cash upon share settlement; a portion may be re-allowed to broker-dealers CCIF Feeder Funds 2.75% - 3.0% Based on the selling price of each share sold In cash upon share settlement; a portion may be re-allowed to broker-dealers Annual Distribution and Shareholder Servicing Fee Managed Program Rate Payable Description CPA ® :18 – Global Class C Shares 1.0% Accrued daily and payable quarterly in arrears in cash; 100% re-allowed to selected dealers Based on the purchase price per share sold or, once reported, the NAV; cease paying when underwriting compensation from all sources equals 10% of gross offering proceeds CWI 2 Class T Shares 1.0% Accrued daily and payable quarterly in arrears in cash; 100% re-allowed to selected dealers Limited to six years and 10% of gross offering proceeds Personnel and Overhead Costs Managed Program Payable Description CPA ® :17 – Global and CPA ® :18 – Global In cash Personnel and overhead costs, excluding those related to our legal transactions group, are charged to the CPA ® REITs based on the average of the trailing 12-month aggregate reported revenues of the CPA ® REITs, the CWI REITs, and us, and for 2015, are capped at 2.4% of each CPA ® REIT’s pro rata lease revenues; for the legal transactions group, costs are charged according to a fee schedule CWI 1 2014 in shares of its common stock; 2015 in cash Actual expenses incurred; allocated between the CWI REITs based on the percentage of their total pro rata hotel revenues for the most recently completed quarter CWI 2 2014 N/A; 2015 in cash Actual expenses incurred; allocated between the CWI REITs based on the percentage of their total pro rata hotel revenues for the most recently completed quarter CCIF and CCIF Feeder Funds 2014 N/A; 2015 in cash Actual expenses incurred Organization and Offering Costs Managed Program Payable Description CPA ® :18 – Global and CWI 2 In cash; within 60 days after the end of the quarter in which the offering terminates Actual costs incurred from 1.5% through 4.0% of the gross offering proceeds, depending on the amount raised CWI 1 In cash; within 60 days after the end of the quarter in which the offering terminates Actual costs incurred up to 4.0% of the gross offering proceeds CCIF and CCIF Feeder Funds In cash; payable monthly Up to 1.5% of the gross offering proceeds For CCIF, total reimbursements to us for personnel and overhead costs and organization and offering costs may not exceed 18% of total Front End Fees, as defined in its Declaration of Trust, so that total funds available for investment may not be lower than 82% of total gross proceeds. Expense Support and Conditional Reimbursements Under the expense support and conditional reimbursement agreement we have with each of the CCIF Feeder Funds, we and the CCIF subadvisor are obligated to reimburse the CCIF Feeder Fund 50% of the excess of the cumulative distributions paid to the CCIF Feeder Funds’ shareholders over the available operating funds on a monthly basis. Following any month in which the available operating funds exceed the cumulative distributions paid to its shareholders, the excess operating funds are used to reimburse us and the CCIF subadvisor for any expense payment we made within three years prior to the last business day of such month that have not been previously reimbursed by the CCIF Feeder Fund, up to the lesser of (i) 1.75% of each CCIF Feeder Fund’s average net assets or (ii) the percentage of each CCIF Feeder Fund’s average net assets attributable to its common shares represented by other operating expenses during the fiscal year in which such expense support payment from us and the CCIF’s subadvisor was made, provided that the effective rate of distributions per share at the time of reimbursement is not less than such rate at the time of expense payment. Distributions of Available Cash and Deferred Revenue Earned We are entitled to receive distributions of up to 10% of the Available Cash (as defined in the respective advisory agreements) from the operating partnerships of each of the Managed REITs, as described in their respective operating partnership agreements, payable quarterly in arrears. 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 as deferred revenue 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 Equity in earnings of equity method investments in real estate and the Managed REITs within the Real Estate Ownership segment. Other Transactions with Affiliates Loans to Affiliates During 2015 and 2014, our board of directors approved unsecured loans from us to CPA ® :17 – Global of up to $75.0 million , CPA ® :18 – Global of up to $100.0 million , CWI 1 and CWI 2 of up to $110.0 million in the aggregate, and CCIF of up to $50.0 million , with each loan at a rate equal to the rate at which we are able to borrow funds under our senior credit facility ( Note 12 ), for the purpose of facilitating acquisitions approved by their respective investment committees. The following table presents a summary of our unsecured loans to the Managed Programs, all of which were made at an interest rate equal to the London Interbank Offered Rate, or LIBOR, as of the issue date, plus 1.1% (in thousands): Carrying Amount at Managed Program Principal Amount Issue Date Maturity Date September 30, 2015 December 31, 2014 CWI 2 $ 37,170 4/1/2015 3/31/2016 $ 12,170 — CWI 2 65,277 5/1/2015 12/30/2015 65,277 — CCIF 10,000 5/28/2015 12/30/2015 10,000 — CCIF 10,000 6/10/2015 12/30/2015 10,000 — CCIF 5,000 7/15/2015 12/30/2015 5,000 CCIF 3,000 9/30/2015 12/30/2015 3,000 Principal 105,447 — Accrued interest 558 — $ 106,005 $ — On June 25, 2014, we made an $11.0 million loan to CWI 1, with a scheduled maturity date of June 30, 2015 . The loan, including accrued interest, was repaid in full on July 22, 2014, prior to maturity. On July 29, 2015, CWI 2 repaid $25.0 million of the $37.2 million loan noted in the table above, which was issued on April 1, 2015. On October 21, 2015, CWI 2 repaid an additional $10.0 million of the same loan. On July 1 and July 14, 2015, we made two loans totaling $25.0 million to CPA ® :17 – Global, both of which had a scheduled maturity date of December 30, 2015 . These loans, including accrued interest, were repaid in full on August 26, 2015, prior to maturity. On August 26, 2015, we arranged a credit agreement for CPA ® :17 – Global and, as a result, our board of directors terminated the previous authorization to provide loans to CPA ® :17 – Global. 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 of our stock utilized in the CPA ® :16 Merger. These shares were issued to them as their portion of the Merger Consideration in exchange for their shares of CPA ® :16 – Global common stock ( Note 4 ) 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 At September 30, 2015 , we owned interests ranging from 3% to 90% in jointly-owned investments, including a jointly-controlled tenancy-in-common interest in several properties, with the remaining interests generally held by affiliates, and stock of each of the Managed REITs and CCIF. 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	9 Months Ended
	Sep. 30, 2015
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): September 30, 2015 December 31, 2014 Land $ 1,179,423 $ 1,146,704 Buildings 4,116,644 3,829,981 Real estate under construction 1,715 29,997 Less: Accumulated depreciation (343,922 ) (253,627 ) $ 4,953,860 $ 4,753,055 During the nine months ended September 30, 2015 , the U.S. dollar strengthened against the euro, as the end-of-period rate for the U.S. dollar in relation to the euro at September 30, 2015 decreased by 7.8% to $1.1203 from $1.2156 at December 31, 2014 . As a result, the carrying value of our Real estate decreased by $135.5 million from December 31, 2014 to September 30, 2015 . Acquisitions of Real Estate During the nine months ended September 30, 2015 , we entered into the following investments, which were deemed to be business combinations because we assumed the existing leases on the properties, for which the sellers were not the lessees, at a total cost of $479.1 million , including land of $81.9 million , buildings of $317.3 million , and net lease intangibles of $79.9 million ( Note 9 ): • an investment of $345.9 million for 73 auto dealership properties in various locations in the United Kingdom on January 28, 2015; • an investment of $42.4 million for a logistics facility in Rotterdam, the Netherlands on February 11, 2015; • an investment of $23.3 million for a retail facility in Bad Fischau, Austria on April 10, 2015; • an investment of $26.3 million for a logistics facility in Oskarshamn, Sweden on June 17, 2015; and • an investment of $41.2 million for three truck and bus service facilities in Gersthofen and Senden, Germany on August 12, 2015 and Leopoldsdorf, Austria on August 24, 2015. In connection with these transactions, we also expensed acquisition-related costs totaling $10.7 million , which are included in Merger and property acquisition expenses in the consolidated financial statements. Dollar amounts are based on the exchange rates of the foreign currencies on the dates of acquisitions. We also entered into an investment for an office building in Sunderland, United Kingdom on August 6, 2015, which was deemed to be real estate asset acquisition because we acquired the seller’s property and simultaneously entered into a new lease in connection with the acquisition, at a total cost of $53.5 million , including net lease intangibles of $20.6 million ( Note 9 ) and acquisition-related costs of $3.1 million , which were capitalized. Dollar amounts are based on the exchange rate of the British pound sterling on the date of acquisition. Real Estate Under Construction In December 2013, we entered into a build-to-suit transaction for the construction of an office building located in Mönchengladbach, Germany for a total projected cost of up to $65.0 million , including acquisition expenses. During the nine months ended September 30, 2015 , we funded approximately $28.0 million . The building was placed in service in September 2015 at a cost totaling $51.3 million and we have no further funding commitment as of September 30, 2015. Operating Real Estate At September 30, 2015 , Operating real estate consisted of our investments in two hotels and one self-storage property. During the nine months ended September 30, 2015 , we sold one self-storage property ( Note 16 ). At December 31, 2014 , Operating real estate consisted of our investments in two hotels and two self-storage properties. Below is a summary of our Operating real estate (in thousands): September 30, 2015 December 31, 2014 Land $ 6,570 $ 7,074 Buildings 76,078 77,811 Less: Accumulated depreciation (7,744 ) (4,866 ) $ 74,904 $ 80,019 Assets Held for Sale Below is a summary of our properties held for sale (in thousands): September 30, 2015 December 31, 2014 Real estate, net $ 4,863 $ 5,969 Above-market rent intangible assets, net — 838 In-place lease intangible assets, net — 448 Assets held for sale $ 4,863 $ 7,255 At September 30, 2015 , we had two properties classified as Assets held for sale. There can be no assurance that the properties will be sold at the contracted prices, or at all. At December 31, 2014 , we had four properties classified as Assets held for sale, all of which were sold during the nine months ended September 30, 2015 .

Finance Receivables

Finance Receivables	9 Months Ended
	Sep. 30, 2015
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, deferred acquisition fees, and loans receivable. Operating leases are not included in finance receivables as such amounts are not recognized as an asset in the consolidated financial statements. Net Investments in Direct Financing Leases Net investments in direct financing leases is summarized as follows (in thousands): September 30, 2015 December 31, 2014 Minimum lease payments receivable $ 830,831 $ 904,788 Unguaranteed residual value 783,553 818,334 1,614,384 1,723,122 Less: unearned income (834,145 ) (906,896 ) $ 780,239 $ 816,226 Interest income from direct financing leases, which was included in Lease revenues in the consolidated financial statements, was $18.7 million and $20.8 million for the three months ended September 30, 2015 and 2014 , respectively, and $56.1 million and $59.3 million during the nine months ended September 30, 2015 and 2014 , respectively. During the nine months ended September 30, 2015 , the U.S. dollar strengthened against the euro, resulting in a $32.6 million decrease in the carrying value of Net investments in direct financing leases from December 31, 2014 to September 30, 2015 . During the nine months ended September 30, 2014 , we reclassified properties with a carrying value of $13.7 million from Net investments in direct financing leases to Real estate ( Note 6 ), in connection with extensions of the underlying leases. We also recognized impairment charges totaling $0.8 million on seven properties accounted for as Net investments in direct financing leases in connection with an other-than-temporary decline in the estimated fair values of the properties’ residual values ( Note 10 ). At September 30, 2015 and December 31, 2014 , Other assets, net included accounts receivable of $1.9 million and $1.4 million , respectively, related to amounts billed under these direct financing leases. Notes Receivable At September 30, 2015 and December 31, 2014 , we had a note receivable with an outstanding balance of $10.8 million and $10.9 million , respectively, representing the expected future payments under a sales type lease, which was included in Other assets, net in the consolidated financial statements. In February 2015, a note receivable with an outstanding balance of $10.0 million was repaid in full to us. Deferred Acquisition Fees Receivable As described in Note 5 , 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 September 30, 2015 and December 31, 2014, none of the balances of our finance receivables were past due and we had not established any allowances for credit losses. Other than the lease extensions noted under Net Investment in Direct Financing Leases above, there were no modifications of finance receivables during the nine months ended September 30, 2015 or the year ended December 31, 2014 . 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 third quarter of 2015. 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 / Obligors at Carrying Value at Internal Credit Quality Indicator September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 1 2 3 $ 90,880 $ 79,343 2 3 4 53,636 37,318 3 23 22 525,521 592,631 4 6 7 120,959 127,782 5 — — — — $ 790,996 $ 837,074

Equity Investment in Real Estat

Equity Investment in Real Estate and the Managed Programs	9 Months Ended
	Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments in Real Estate and the Managed REITs	Equity Investments in Real Estate and the Managed Programs We own interests in certain unconsolidated real estate investments with the Managed Programs and also own interests in the Managed Programs. 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 Equity in earnings of equity method investments in the Managed Programs and real estate, 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Proportionate share of (losses) earnings from equity investments in the Managed Programs $ (431 ) $ 381 $ 565 $ 1,930 Amortization of basis differences on equity investments in the Managed Programs (208 ) (140 ) (582 ) (648 ) Other-than-temporary impairment charges on the Special Member Interest in CPA ® :16 – Global’s operating partnership — — — (735 ) Distributions of Available Cash ( Note 5 ) 10,182 7,893 28,244 23,574 Deferred revenue earned ( Note 5 ) — — — 786 Total equity earnings from the Managed Programs 9,543 8,134 28,227 24,907 Equity earnings from other equity investments 4,034 3,507 13,188 11,124 Amortization of basis differences on other equity investments (942 ) (31 ) (2,785 ) (707 ) Equity in earnings of equity method investments in the Managed Programs and real estate $ 12,635 $ 11,610 $ 38,630 $ 35,324 Managed Programs We own interests in the Managed Programs 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 Programs. The following table sets forth certain information about our investments in the Managed Programs (dollars in thousands): % of Outstanding Shares Owned at Carrying Amount of Investment at Fund September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 CPA ® :17 – Global (a) 2.994 % 2.676 % $ 85,437 $ 79,429 CPA ® :17 – Global operating partnership (b) 0.009 % 0.009 % — — CPA ® :18 – Global (c) 0.571 % 0.221 % 7,658 2,784 CPA ® :18 – Global operating partnership (d) 0.034 % 0.034 % 1,914 209 CWI 1 1.139 % 1.088 % 12,920 13,940 CWI 1 operating partnership (e) 0.015 % 0.015 % — — CWI 2 (f) 0.630 % — % 523 — CWI 2 operating partnership (g) 0.015 % — % 300 — CCIF (h) 50.000 % 50.000 % 24,158 25,000 $ 132,910 $ 121,362 __________ (a) Carrying value at September 30, 2015 includes asset management fees receivable, for which 127,279 shares of CPA ® :17 – Global common stock were issued during the fourth quarter of 2015. We received distributions from this investment during the nine months ended September 30, 2015 and 2014 of $4.5 million and $3.3 million , respectively. (b) We received distributions from this investment during the nine months ended September 30, 2015 and 2014 of $17.7 million and $15.4 million , respectively. (c) Carrying value at September 30, 2015 includes asset management fees receivable, for which 71,633 shares of CPA ® :18 – Global class A common stock were issued during the fourth quarter of 2015. (d) We received distributions from this investment during the nine months ended September 30, 2015 and 2014 of $2.3 million and $1.2 million , respectively. (e) We received distributions from this investment during the nine months ended September 30, 2015 and 2014 of $6.4 million and $2.2 million , respectively. (f) On May 30, 2014, we purchased 22,222 shares of CWI 2’s class A common stock, par value $0.001 per share, for an aggregate purchase price of $0.2 million . On May 15, 2015, upon CWI 2 reaching its minimum offering proceeds and admitting new stockholders, we began to account for our interest in CWI 2 under the equity method of accounting ( Note 3 ). As of September 30, 2015 , we had not received any distributions from this investment. The carrying value at September 30, 2015 includes asset management fees receivable, for which 10,009 shares of class A common stock of CWI 2 were issued during the fourth quarter of 2015. (g) On March 27, 2015, we purchased a 0.015% special general partnership interest in CWI 2 operating partnership for $0.3 million . This special general partnership interest entitles us to receive distributions of our proportionate share of earnings up to 10% of the Available Cash from CWI 2’s operating partnership ( Note 5 ). During the nine months ended September 30, 2015 , we received $0.2 million of distributions from this investment. (h) As of September 30, 2015 , CCIF had not yet admitted any additional shareholders other than our third-party investment partner ( Note 1 ). At September 30, 2015 and December 31, 2014 , the aggregate unamortized basis differences on our equity investments in the Managed Programs were $25.3 million and $20.2 million , respectively. The following tables present estimated combined summarized financial information for the Managed Programs. Amounts provided are expected total amounts attributable to the Managed Programs and do not represent our proportionate share (in thousands): September 30, 2015 December 31, 2014 Real estate, net $ 6,599,264 $ 5,969,011 Other assets 2,542,255 2,293,065 Total assets 9,141,519 8,262,076 Debt (4,193,290 ) (3,387,795 ) Accounts payable, accrued expenses and other liabilities (592,369 ) (496,857 ) Total liabilities (4,785,659 ) (3,884,652 ) Noncontrolling interests (262,063 ) (170,249 ) Stockholders’ equity $ 4,093,797 $ 4,207,175 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 (a) 2015 2014 (a) Revenues $ 309,805 $ 210,000 $ 840,889 $ 602,122 Expenses (292,522 ) (200,446 ) (804,989 ) (576,256 ) Income from continuing operations $ 17,283 $ 9,554 $ 35,900 $ 25,866 Net income attributable to the Managed Programs (b) (c) $ 8,747 $ 2,519 $ 2,365 $ 2,420 __________ (a) Reflects revisions of amounts previously recorded by CPA ® :17 – Global and CPA ® :18 – Global. (b) Inclusive of impairment charges recognized by the Managed Programs totaling $1.0 million during the nine months ended September 30, 2015 and $0.1 million for each of the three and nine months ended September 30, 2014. There were no such impairment charges recognized by the Managed Programs for the three months ending September 30, 2015. These impairment charges reduced our income earned from these investments by less than $0.1 million during the nine months ended September 30, 2015 , and by less than $0.1 million during each of the three and nine months ended September 30, 2014 . (c) Amounts included net gains on sale of real estate recorded by the Managed REITs totaling $6.7 million and $8.9 million for the three and nine months ended September 30, 2015 , respectively, and $0.8 million and $13.3 million for the three and nine months ended September 30, 2014 , respectively. Net income attributable to the Managed Programs for the three and nine months ended September 30, 2015 was also negatively impacted by the increase in acquisition-related fees and expenses incurred on investments accounted for as business combinations as a result of higher investment volume during the current year periods as compared to the same periods in the prior year. 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 Programs, and their respective carrying values (dollars in thousands): Ownership Interest at Carrying Value at Lessee Co-owner September 30, 2015 September 30, 2015 December 31, 2014 Existing Equity Investments (a) (b) Waldaschaff Automotive GmbH and Wagon Automotive Nagold GmbH (c) CPA ® :17 – Global 33% $ 9,733 $ 6,949 C1000 Logistiek Vastgoed B.V. (d) CPA ® :17 – Global 15% 9,624 11,192 Wanbishi Archives Co. Ltd. CPA ® :17 – Global 3% 330 341 19,687 18,482 Equity Investments Acquired in the CPA ® :16 Merger The New York Times Company CPA ® :17 – Global 45% 71,377 72,476 Frontier Spinning Mills, Inc. (e) CPA ® :17 – Global 40% 24,199 15,609 Actebis Peacock GmbH (a) (f) CPA ® :17 – Global 30% 12,605 6,369 108,181 94,454 Recently Acquired Equity Investment Beach House JV, LLC (g) Third Party N/A (d) 15,105 15,105 $ 142,973 $ 128,041 __________ (a) The carrying value of this investment is affected by fluctuations in the exchange rate of the foreign currency. (b) Represents equity investments we acquired prior to January 1, 2014. (c) In the second quarter of 2015, we recognized equity income of approximately $2.1 million , representing our share of the bankruptcy proceeds received by the jointly-owned investment. The proceeds were used to repay the mortgage loan encumbering the two properties owned by the jointly-owned investment in the amount of $14.3 million , of which our share was $4.7 million , in the third quarter of 2015. (d) 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 $75.0 million at September 30, 2015 . Of this amount, $11.3 million represents the amount we agreed to pay and is included within the carrying value of the investment at September 30, 2015 . (e) We made a contribution of $8.6 million in the second quarter of 2015 to this jointly-owned investment to repay the related non-recourse mortgage loan. (f) We made a contribution of $6.2 million in the third quarter of 2015 to this jointly-owned investment to repay the related non-recourse mortgage loan. (g) In March 2014, we received a preferred equity position in Beach House JV, LLC as part of the sale of the Soho House investment. During the nine months ended September 30, 2015 , we recognized $1.0 million of income and distributions related to this investment, which is included in Equity in earnings of equity method investments in the Managed Programs and real estate in the consolidated financial statements. We received aggregate distributions of $9.7 million and $9.0 million from our other unconsolidated real estate investments for the nine months ended September 30, 2015 and 2014 , respectively. At September 30, 2015 and December 31, 2014 , the aggregate unamortized basis differences on our unconsolidated real estate investments were $5.7 million and $5.8 million , respectively.

Goodwill and Other Intangibles

Goodwill and Other Intangibles	9 Months Ended
	Sep. 30, 2015
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 43 years . In addition, we have several ground lease intangibles that are being amortized over periods of up to 99 years . In-place lease and tenant relationship intangibles are included in In-place lease and tenant relationship intangible assets, net in the consolidated financial statements. Above-market rent intangibles are included in Above-market rent intangible assets, net in the consolidated financial statements. 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 nine months ended September 30, 2015 , we recorded net lease intangibles comprised as follows (life in years, dollars in thousands): Weighted-Average Life Amount Amortizable Intangible Assets In-place lease 12.9 $ 70,411 Above-market rent 15.1 29,554 Below-market ground lease 73.4 6,963 $ 106,928 Amortizable Intangible Liabilities Below-market rent 14.6 $ (6,492 ) The following table presents a reconciliation of our goodwill (in thousands): Real Estate Ownership Investment Management Total Balance at January 1, 2015 $ 628,808 $ 63,607 $ 692,415 Foreign currency translation adjustments and other (8,330 ) — (8,330 ) Acquisition of investment accounted for as business combination 1,704 — 1,704 Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale (1,213 ) — (1,213 ) Balance at September 30, 2015 $ 620,969 $ 63,607 $ 684,576 Intangible assets, intangible liabilities, and goodwill are summarized as follows (in thousands): September 30, 2015 December 31, 2014 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 $ (32,765 ) $ — Internal-use software development costs 19,033 (1,529 ) 17,504 17,584 (26 ) 17,558 51,798 (34,294 ) 17,504 50,349 (32,791 ) 17,558 Lease Intangibles: In-place lease and tenant relationship 1,206,398 (277,436 ) 928,962 1,185,692 (191,873 ) 993,819 Above-market rent 655,288 (162,534 ) 492,754 639,370 (116,573 ) 522,797 Below-market ground lease 22,626 (768 ) 21,858 17,771 (435 ) 17,336 1,884,312 (440,738 ) 1,443,574 1,842,833 (308,881 ) 1,533,952 Unamortizable Goodwill and Indefinite-Lived Intangible Assets Goodwill 684,576 — 684,576 692,415 — 692,415 Trade name 3,975 — 3,975 3,975 — 3,975 688,551 — 688,551 696,390 — 696,390 Total intangible assets $ 2,624,661 $ (475,032 ) $ 2,149,629 $ 2,589,572 $ (341,672 ) $ 2,247,900 Amortizable Intangible Liabilities Below-market rent $ (171,809 ) $ 34,371 $ (137,438 ) $ (169,231 ) $ 23,039 $ (146,192 ) Above-market ground lease (13,117 ) 1,619 (11,498 ) (13,311 ) 1,144 (12,167 ) (184,926 ) 35,990 (148,936 ) (182,542 ) 24,183 (158,359 ) Unamortizable Intangible Liabilities Below-market purchase option (16,711 ) — (16,711 ) (16,711 ) — (16,711 ) Total intangible liabilities $ (201,637 ) $ 35,990 $ (165,647 ) $ (199,253 ) $ 24,183 $ (175,070 ) Net amortization of intangibles, including the effect of foreign currency translation, was $50.1 million and $42.6 million for the three months ended September 30, 2015 and 2014 , respectively, and $136.4 million and $132.1 million for the nine months ended September 30, 2015 and 2014 , respectively. Amortization of below-market rent and above-market rent intangibles 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 intangibles is included in Property expenses. Based on the intangible assets and liabilities recorded at September 30, 2015 , scheduled annual net amortization of intangibles for the remainder of 2015 , each of the next four calendar years following December 31, 2015 , and thereafter is as follows (in thousands): Years Ending December 31, Net Decrease in Lease Revenues Increase to Amortization/ Property Expenses Net 2015 (remainder) $ 13,705 $ 28,290 $ 41,995 2016 53,226 112,271 165,497 2017 50,578 108,917 159,495 2018 47,388 99,682 147,070 2019 43,454 94,175 137,629 Thereafter 146,965 513,491 660,456 Total $ 355,316 $ 956,826 $ 1,312,142

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
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, interest rate swaps, and foreign currency forward contracts; 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, stock warrants, foreign currency forward contracts, and foreign currency collars ( Note 11 ). The interest rate caps, interest rate swaps, foreign currency forward contracts, and foreign currency forward collars 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 collars ( Note 11 ). 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 14 ). We determined the valuation of redeemable noncontrolling interest using widely accepted valuation techniques, including comparable transaction analysis, comparable public company analysis, and discounted cash flow analysis. We classified this liability as Level 3. At September 30, 2015 , unobservable inputs for determining the estimated fair value of WPCI included, but were not limited to, a discount for lack of marketability, a discount rate, revenue, EBITDA (including normalized and run-rate EBITDA), and termination multiples with weighted-average ranges, across all valuation techniques utilized, as applicable, of 10% - 20% , 14% - 16% , 1.1 x - 8.8 x, 3.2 x - 18.8 x, and 5.5 x - 7.5 x, 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 nine months ended September 30, 2015 or 2014 . Our other financial instruments had the following carrying values and fair values as of the dates shown (dollars in thousands): September 30, 2015 December 31, 2014 Level Carrying Value Fair Value Carrying Value Fair Value Non-recourse debt, net (a) 3 $ 2,412,612 $ 2,436,124 $ 2,532,683 $ 2,574,437 Senior Unsecured Notes, net (b) 2 1,502,007 1,465,694 498,345 527,029 Senior Unsecured Credit Facility (c) 2 685,489 685,489 1,057,518 1,057,519 Notes receivable from affiliates (d) 3 106,005 106,005 — — Deferred acquisition fees receivable (e) 3 28,382 28,023 26,913 28,027 Notes receivable (a) 3 10,756 9,254 20,848 19,604 __________ (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 the Senior Unsecured Notes ( Note 12 ) using quoted market prices in an open market with limited trading volume. (c) We determined the estimated fair value of our Senior Unsecured Credit Facility ( Note 12 ) using a discounted cash flow model with rates that take into account the market-based credit spread and our credit rating. (d) We determined the estimated fair values of these notes receivable, which approximate their carrying values, based on the assumption that the notes receivable are priced at par due to their maturity dates of less than one year. (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 of 203 - 213 basis points and an illiquidity adjustment of 75 basis points at September 30, 2015 . Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement. 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 September 30, 2015 and December 31, 2014 . Items Measured at Fair Value on a Non-Recurring Basis (Including Impairment Charges) For investments in real estate held for use 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 not recoverable. 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, broker quotes or third-party appraisals. 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 reporting. 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 at fair value on a non-recurring basis (in thousands): Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Fair Value Measurements Total Impairment Charges Fair Value Total Impairment Impairment Charges Real estate $ 46,608 $ 19,438 $ 6,665 $ 3,472 Net investments in direct financing leases — — 3,157 753 $ 19,438 $ 4,225 Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 Fair Value Measurements Total Impairment Charges Fair Value Total Impairment Impairment Charges Real estate $ 52,684 $ 22,711 $ 6,665 $ 5,538 Net investments in direct financing leases — — 3,157 753 Equity investments in real estate — — — 735 $ 22,711 $ 7,026 Impairment charges, and their related triggering events and fair value measurements, recognized during the three and nine months ended September 30, 2015 and 2014 were as follows: Real Estate During the three months ended September 30, 2015 , we recognized impairment charges totaling $19.4 million on four properties in order to reduce the carrying values of the properties to their estimated fair values. The fair value measurements for two of the properties approximated their estimated selling prices, and we recognized impairment charges totaling $3.8 million on these properties. We reduced the estimated holding period for another property due to the expected termination of its related lease within one year after September 30, 2015 and recognized an impairment charge of $8.7 million on the property. The fair value measurement related to the impairment charge was determined by estimating discounted cash flows using three significant unobservable inputs, which are the cash flow discount rate, the residual discount rate, and the residual capitalization rate equal to 9.25% , 9.75% , and 8.5% , respectively. Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement. The building located on the remaining property will be demolished in accordance with a plan to redevelop the property, and the fair value of the building was reduced to zero. We recognized an impairment charge of $6.9 million on this property. During the nine months ended September 30, 2015 , we recognized impairment charges totaling $22.7 million on six properties and a parcel of vacant land in order to reduce the carrying values of the properties to their estimated fair values. In addition to the impairment charges of $19.4 million recognized on four properties during the three months ended September 30, 2015 , as described above, we recognized impairment charges totaling $3.3 million on two properties and the parcel of vacant land, for which their fair value measurements approximated their estimated selling prices. During the three and nine months ended September 30, 2014 , we recognized impairment charges totaling $3.5 million and $5.5 million , respectively, on 11 properties in order to reduce the carrying values of the properties to their estimated fair values, which approximated their estimated selling prices. Net Investments in Direct Financing Leases During each of the three and nine months ended September 30, 2014, we recognized impairment charges totaling $0.8 million on seven properties accounted for as Net investments in direct financing leases in connection with an other-than-temporary decline in the estimated fair values of the buildings’ residual values. Equity Investments in Real Estate During the nine months ended September 30, 2014 , we recognized other-than-temporary impairment charges of $0.7 million 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.

Risk Management and Use of Deri

Risk Management and Use of Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2015
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 four main components of economic risk that impact us: interest rate risk, credit risk, market risk, and foreign currency risk. We are primarily subject to interest rate risk on our interest-bearing liabilities, including the Senior Unsecured Credit Facility ( Note 12 ), at September 30, 2015 . 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. We own investments in Europe, Asia, and Australia and are subject to risks associated with fluctuating 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 into, and do not plan to enter into, financial instruments for trading or speculative purposes. In addition to entering into derivative instruments on our own behalf, we may also be a party to derivative instruments that are embedded in other contracts, and we may be granted common stock warrants by lessees when structuring lease transactions, which are considered to be derivative instruments. The primary risks related to our use of derivative instruments include a counterparty to a hedging arrangement defaulting 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 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 until the hedged item is recognized in earnings. For a derivative designated, and that qualified, as a net investment hedge, the effective portion of the change in the fair value and/or the net settlement of the derivative is reported in Other comprehensive loss as part of the cumulative foreign currency translation adjustment. Amounts are reclassified out of Other comprehensive loss into earnings when the hedged investment is either sold or substantially liquidated. The ineffective portion of the change in fair value of any derivative is immediately recognized in earnings. The following table sets forth certain information regarding our derivative instruments (in thousands): Derivatives Designated as Hedging Instruments Balance Sheet Location Asset Derivatives Fair Value at Liability Derivatives Fair Value at September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 Foreign currency forward contracts Other assets, net $ 40,539 $ 16,307 $ — $ — Foreign currency collars Other assets, net 4,543 — — — Interest rate swaps Other assets, net — 285 — — Interest rate cap Other assets, net — 3 — — Interest rate swaps Accounts payable, accrued expenses and other liabilities — — (6,352 ) (5,660 ) Foreign currency collars Accounts payable, accrued expenses and other liabilities — — (257 ) — Derivatives Not Designated as Hedging Instruments Stock warrants Other assets, net 3,886 3,753 — — Interest rate swaps (a) Accounts payable, accrued expenses and other liabilities — — (3,768 ) (7,496 ) Total derivatives $ 48,968 $ 20,348 $ (10,377 ) $ (13,156 ) __________ (a) 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 financial statements. At both September 30, 2015 and December 31, 2014 , no cash collateral had been posted nor received for any of our derivative positions. The following tables present the impact of our derivative instruments in the consolidated financial statements (in thousands): Amount of (Loss) Gain Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion) (a) Three Months Ended September 30, Nine Months Ended September 30, Derivatives in Cash Flow Hedging Relationships 2015 2014 2015 2014 Foreign currency collars $ 2,028 $ — $ 4,094 $ — Interest rate swaps (1,776 ) 689 (1,620 ) (928 ) Foreign currency forward contracts 1,056 15,372 15,109 12,256 Interest rate caps 2 14 3 (7 ) Derivatives in Net Investment Hedging Relationships (b) Foreign currency forward contracts 5,105 — 8,411 — Total $ 6,415 $ 16,075 $ 25,997 $ 11,321 Amount of (Loss) Gain on Derivatives Reclassified from Other Comprehensive Income (Loss) (Effective Portion) (c) Derivatives in Cash Flow Hedging Relationships Location of Gain (Loss) Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Foreign currency forward contracts Other income and (expenses) $ 1,642 $ 337 $ 5,371 $ (487 ) Interest rate swaps and caps Interest expense (672 ) (661 ) (1,890 ) (2,024 ) Foreign currency collars Other income and (expenses) — — 357 — Total $ 970 $ (324 ) $ 3,838 $ (2,511 ) __________ (a) Excludes net losses of less than $0.1 million and net gains of $0.1 million recognized on unconsolidated jointly-owned investments for the three months ended September 30, 2015 and 2014 , respectively, and net gains of $0.9 million and $0.3 million for the nine months ended September 30, 2015 and 2014 , respectively. (b) The effective portion of the change in fair value and the settlement of these contracts are reported in the foreign currency translation adjustment section of Other comprehensive loss until the underlying investment is sold, at which time we reclassify the gain or loss to earnings. (c) Excludes net gains recognized on unconsolidated jointly-owned investments of $0.1 million and $0.4 million for the three and nine months ended September 30, 2014 , respectively. There were no such gains or losses recognized for the three and nine months ended September 30, 2015 . Amounts reported in Other comprehensive loss 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 related to foreign currency derivative contracts will be reclassified to Other income and (expenses) when the hedged foreign currency contracts are settled. As of September 30, 2015 , we estimate that an additional $2.2 million and $7.3 million will be reclassified as interest expense and other income, respectively, during the next 12 months. Amount of Gain (Loss) on Derivatives Recognized in Income Derivatives Not in Cash Flow Hedging Relationships Location of Gain (Loss) Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Interest rate swaps Interest expense $ 1,013 $ 1,007 $ 3,097 $ 1,992 Foreign currency collars Other income and (expenses) 238 — 243 — Foreign currency forwards Other income and (expenses) 52 — (296 ) — Stock warrants Other income and (expenses) — 268 134 134 Derivatives in Cash Flow Hedging Relationships Interest rate swaps (a) Interest expense 140 — 476 — Foreign currency forward contracts Other income and (expenses) 68 — 71 — Foreign currency collars Other income and (expenses) 41 — 64 — Total $ 1,552 $ 1,275 $ 3,789 $ 2,126 __________ (a) Relates to the ineffective portion of the hedging relationship. 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 Cap 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, we have entered into, and may continue to 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 a 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 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 cap that our consolidated subsidiaries had outstanding at September 30, 2015 are summarized as follows (currency in thousands): Number of Instruments Notional Amount Fair Value at September 30, 2015 (a) Interest Rate Derivatives Designated as Cash Flow Hedging Instruments Interest rate swaps 13 123,141 USD $ (5,673 ) Interest rate swaps 1 6,035 EUR (679 ) Interest rate cap (b) 1 42,554 EUR — Not Designated as Cash Flow Hedging Instruments Interest rate swaps (c) 3 105,442 EUR (3,752 ) Interest rate swaps (c) 1 3,160 USD (16 ) $ (10,120 ) __________ (a) Fair value amounts are based on the exchange rate of the euro at September 30, 2015 , as applicable. (b) The applicable interest rate of the related debt was 0.9% , which was below the strike price of the cap of 3.0% at September 30, 2015 . (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 and Collars We are exposed to foreign currency exchange rate movements, primarily in the euro and, to a lesser extent, the British pound sterling, the Australian dollar, 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 that there is a 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 and collars. 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. A foreign currency collar consists of a written call option and a purchased put option to sell the foreign currency at a range of predetermined exchange rates. 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. A foreign currency collar guarantees that the exchange rate of the currency will not fluctuate beyond the range of the options’ strike prices. The following table presents the foreign currency derivative contracts we had outstanding at September 30, 2015 , which were designated as cash flow hedges (currency in thousands): Number of Instruments Notional Fair Value at September 30, 2015 (a) Foreign Currency Derivatives Designated as Cash Flow Hedging Instruments Foreign currency forward contracts 56 134,974 EUR $ 26,092 Foreign currency forward contracts 17 21,502 AUD 3,079 Foreign currency collars 23 92,375 EUR 2,426 Foreign currency collars 24 50,750 GBP 1,860 Foreign currency forward contracts 13 6,960 GBP 392 Designated as Net Investment Hedging Instruments Foreign currency forward contracts 5 84,522 AUD 10,976 $ 44,825 __________ (a) Fair value amounts are based on the applicable exchange rate of the foreign currency at September 30, 2015 . Credit Risk-Related Contingent Features We measure our credit exposure on a counterparty basis as the net positive aggregate estimated fair value of our derivatives, net of any collateral received. No collateral was received as of September 30, 2015 . At September 30, 2015 , our total credit exposure and the maximum exposure to any single counterparty was $41.0 million and $28.2 million , respectively. Some of the agreements we have with our derivative counterparties contain cross-default provisions that could trigger a declaration of default on our derivative obligations if we default, or are capable of being declared in default, on certain of our indebtedness. At September 30, 2015 , we had not been declared in default on any of our derivative obligations. The estimated fair value of our derivatives in a net liability position was $11.5 million and $14.2 million at September 30, 2015 and December 31, 2014 , respectively, which included accrued interest and any nonperformance risk adjustments. If we had breached any of these provisions at September 30, 2015 or December 31, 2014 , we could have been required to settle our obligations under these agreements at their aggregate termination value of $11.8 million and $14.5 million , respectively. Net Investment Hedges At September 30, 2015 and December 31, 2014, the amounts borrowed in euro outstanding under our Revolver ( Note 12 ) were €295.0 million and €345.0 million , respectively, and the amounts borrowed in British pounds were none and £40.0 million , respectively. Additionally, we have issued senior notes denominated in euro with a principal amount of €500.0 million ( Note 12 ). These borrowings are designated as, and are effective as, economic hedges of our net investments in foreign entities. Variability in the exchange rates of the foreign currencies with respect to the U.S. dollar impacts our financial results as the financial results of our foreign subsidiaries are translated to U.S. dollars each period, with the effect of changes in the foreign currencies to U.S. dollar exchange rates being recorded in Other comprehensive loss as part of the cumulative foreign currency translation adjustment. As a result, the borrowings in euro and British pounds sterling under our Revolver are recorded at cost in the consolidated financial statements and all changes in the value related to changes in the spot rates will be reported in the same manner as a translation adjustment, which is recorded in Other comprehensive loss as part of the cumulative foreign currency translation adjustment. At September 30, 2015 , we had foreign currency forward contracts that were designated as net investment hedges, as discussed in “Derivative Financial Instruments” above.

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt	Debt Senior Unsecured Credit Facility At December 31, 2014, we had a senior credit facility that provided for a $1.0 billion unsecured revolving credit facility, or our Revolver, and a $250.0 million term loan facility, or our Term Loan Facility, which we refer to collectively as the Senior Unsecured Credit Facility. Our Revolver matures on January 31, 2018 but may be extended by one year at our option, subject to the conditions provided in the Second Amended and Restated Credit Agreement. Our Term Loan Facility matures on January 31, 2016, but we have two options to extend the maturity, each by an additional year, and are currently exploring our options in this regard. At December 31, 2014, the Senior Unsecured Credit Facility also permitted (i) up to $500.0 million under our Revolver to be borrowed in certain currencies other than the U.S. dollar, (ii) swing line loans of up to $50.0 million under our Revolver, and (iii) the issuance of letters of credit under our 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. The Senior Unsecured Credit Facility also contained an accordion feature, which allowed us to increase the maximum borrowing capacity of our Revolver from $1.0 billion to $1.5 billion . We exercised this accordion feature on January 15, 2015. At that time, we also amended the Senior Unsecured Credit Facility as follows: (i) established a new $500.0 million accordion feature that, if exercised, subject to lender commitments, would increase our maximum borrowing capacity under our Revolver to $2.0 billion and under the Senior Unsecured Credit Facility in the aggregate to $2.25 billion , and (ii) increased the amount under our Revolver that may be borrowed in certain currencies other than the U.S. dollar to the equivalent of $750.0 million from $500.0 million . All other existing terms of the Senior Unsecured Credit Facility remained unchanged. In connection with the exercise of the accordion feature and the amendment of the Senior Unsecured Credit Facility in January 2015, we incurred financing costs totaling $3.1 million , which are included in Other assets, net in the consolidated financial statements, and are being amortized to Interest expense over the remaining terms of the facilities. At September 30, 2015 , the outstanding balance under the Senior Unsecured Credit Facility was $685.5 million , including the $250.0 million drawn under our Term Loan Facility, the equivalent of $330.5 million borrowed under our Revolver in euros and $105.0 million borrowed under our Revolver in U.S. dollars. In addition, as of September 30, 2015 , our lenders had issued letters of credit totaling $1.1 million on our behalf in connection with certain contractual obligations, which reduce amounts that may be drawn under our Revolver by the same amount. At September 30, 2015 , our Revolver had unused capacity of $1.1 billion , excluding amounts reserved for outstanding letters of credit. Based on our credit rating of BBB/Baa2 , during the nine months ended September 30, 2015 we incurred interest at LIBOR plus 1.10% on our Revolver and at LIBOR plus 1.25% on our Term Loan Facility. We also incurred a facility fee of 0.20% of the total commitment on our Revolver during the nine months ended September 30, 2015 . Senior Unsecured Notes Since January 1, 2014, we have issued senior unsecured notes in three separate registered public offerings with an aggregate carrying amount of $1.5 billion as of September 30, 2015, which we refer to collectively as the Senior Unsecured Notes. Interest on the Senior Unsecured Notes is payable in arrears, annually for foreign notes and semi-annually for domestic notes. 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 applicable government bond yield plus 30 basis points for the 2.0% Senior Euro Notes and the 4.6% Senior Notes, and 35 basis points for the 4.0% Senior Notes. The following table presents a summary of our Senior Unsecured Notes (currency in millions): Notes Issue Date Principal Amount Price of Par Value Discount Effective Interest Rate Coupon Rate Maturity Date 4.6% Senior Notes 3/14/2014 $ 500.0 99.639 % $ 1.8 4.645 % 4.6 % 4/1/2024 2.0% Senior Euro Notes (a) 1/21/2015 € 500.0 99.220 % $ 4.6 2.107 % 2.0 % 1/20/2023 4.0% Senior Notes (a) 1/26/2015 $ 450.0 99.372 % $ 2.8 4.077 % 4.0 % 2/1/2025 __________ (a) Proceeds from the issuances of these notes were used primarily to partially pay down the amounts then outstanding under our Revolver. In connection with these offerings, we incurred financing costs totaling $7.8 million and $4.2 million during the nine months ended September 30, 2015 and 2014 , respectively, which are included in Other assets, net in the consolidated financial statements, and are being amortized to Interest expense over the respective terms of the Senior Unsecured Notes. The Senior Unsecured Credit Facility and the Senior Unsecured Notes include customary financial maintenance covenants that require us to maintain certain ratios and benchmarks at the end of each quarter. 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 also 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 certain amounts as discussed in the 2014 Annual Report. We were in compliance with all of these covenants at September 30, 2015 . 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 $3.2 billion and $3.3 billion at September 30, 2015 and December 31, 2014 , respectively. At September 30, 2015 , our mortgage notes payable bore interest at fixed annual rates ranging from 2.0% to 7.8% and variable contractual annual rates ranging from 0.9% to 8.8% , with maturity dates ranging from October 2015 to 2038 . Foreign Currency Exchange Rate Impact During the nine months ended September 30, 2015 , the U.S. dollar strengthened against the euro, resulting in an aggregate decrease of $116.9 million in the aggregate carrying values of our Non-recourse debt, Senior Unsecured Credit Facility, and 2.0% Senior Euro Notes from December 31, 2014 to September 30, 2015 . Scheduled Debt Principal Payments Scheduled debt principal payments during the remainder of 2015 , each of the next four calendar years following December 31, 2015 , and thereafter are as follows (in thousands): Years Ending December 31, Total (a) 2015 (remainder) $ 167,413 2016 (b) 583,195 2017 722,388 2018 (c) 704,286 2019 99,128 Thereafter through 2038 (d) 2,326,746 4,603,156 Unamortized discount, net (e) (3,048 ) Total $ 4,600,108 __________ (a) Certain amounts are based on the applicable foreign currency exchange rate at September 30, 2015 . (b) Includes $250.0 million outstanding under our Term Loan Facility at September 30, 2015 , which is scheduled to mature on January 31, 2016. However, we have two options to extend the maturity, each by an additional year, and are currently exploring our options in this regard. (c) Includes $435.5 million outstanding under our Revolver at September 30, 2015 , which is scheduled to mature on January 31, 2018 unless extended pursuant to its terms. (d) Includes $1.5 billion of outstanding Senior Unsecured Notes, which are scheduled to mature during 2023 through 2025. (e) Represents the unamortized discount on the Senior Unsecured Notes of $8.1 million partially offset by unamortized premium of $5.1 million in the aggregate resulting from the assumption of property-level debt in connection with the CPA ® :15 Merger and CPA ® :16 Merger.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
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 regarding the CPA ® :16 Merger. On April 11, 2014, we and the other defendants filed a motion to dismiss the complaint, as amended, in its entirety, and on October 15, 2014, the judge granted that motion to dismiss. The plaintiffs filed a Notice of Appeal on November 24, 2014 and had until August 24, 2015 to file that appeal. On August 21, 2015, plaintiffs withdrew with prejudice their Notice of Appeal. As a result, the decision that the trial court rendered in our favor on October 15, 2014 is now final, and the case has been dismissed. 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.

Stock-Based Compensation and Eq

Stock-Based Compensation and Equity	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Stock-Based Compensation and Equity	Stock-Based Compensation and Equity At-The-Market Equity Offering On June 3, 2015, we filed a prospectus supplement with the SEC pursuant to which we may offer and sell shares of our common stock, up to an aggregate gross sales price of $400.0 million , through an “at-the-market,” or ATM, offering program with a consortium of banks acting as sales agents. We intend to use the net proceeds from any such ATM offering to reduce indebtedness, which may include amounts outstanding under our Revolver, to fund potential future acquisitions, and for general corporate purposes. Through September 30, 2015 , we had not issued any shares pursuant to this ATM program. Stock-Based Compensation We maintain several stock-based compensation plans, which are more fully described in the 2014 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 nine months ended September 30, 2015 . Restricted and Conditional Awards Nonvested restricted stock awards, or RSAs, restricted share units, or RSUs, and performance share units, or PSUs, at September 30, 2015 and changes during the nine months ended September 30, 2015 were as follows: RSA and RSU Awards PSU Awards Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Nonvested at January 1, 2015 442,502 $ 53.03 877,641 $ 32.06 Granted (a) 189,893 69.92 65,277 85.61 Vested (b) (264,628 ) 49.23 (792,465 ) 56.27 Forfeited (10,391 ) 66.56 — — Adjustment (c) — — 171,419 48.98 Nonvested at September 30, 2015 (d) 357,376 $ 64.43 321,872 $ 55.26 __________ (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 nine months ended September 30, 2015 , we used a risk-free interest rate of 1.0% and an expected volatility rate of 20.2% (the plan defined peer index assumes 13.5% ) and assumed a dividend yield of zero . (b) The total fair value of shares vested during the nine months ended September 30, 2015 was $57.7 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 September 30, 2015 and December 31, 2014 , we had an obligation to issue 1,430,900 and 848,788 shares, respectively, of our common stock underlying such deferred awards, which is recorded within W. P. Carey stockholders’ equity as a Deferred compensation obligation of $57.4 million and $30.6 million , respectively. (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 2012, which were paid out in February 2015, we adjusted the shares during the nine months ended September 30, 2015 to reflect the actual number of shares issued. 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 September 30, 2015 , total unrecognized compensation expense related to these awards was approximately $24.5 million , with an aggregate weighted-average remaining term of 1.8 years. During the nine months ended September 30, 2015 , 135,649 stock options were exercised with an aggregate intrinsic value of $4.6 million . At September 30, 2015 , there were 337,130 stock options outstanding, of which 300,136 were exercisable. Earnings Per Share Under current authoritative guidance for determining earnings per share, all nonvested 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 nonvested RSUs and RSAs contain rights to receive non-forfeitable distribution equivalents or distributions, respectively, 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 nonvested RSUs and RSAs from the numerator and such nonvested shares in the denominator. The following table summarizes basic and diluted earnings (in thousands, except share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Net income attributable to W. P. Carey $ 21,745 $ 27,337 $ 121,209 $ 207,554 Allocation of distribution equivalents paid on nonvested RSUs and RSAs in excess of income (73 ) (113 ) (408 ) (855 ) Net income – basic 21,672 27,224 120,801 206,699 Income effect of dilutive securities, net of taxes — (8 ) — 74 Net income – diluted $ 21,672 $ 27,216 $ 120,801 $ 206,773 Weighted-average shares outstanding – basic 105,813,237 100,282,082 105,627,423 96,690,675 Effect of dilutive securities 523,803 848,366 830,072 1,038,306 Weighted-average shares outstanding – diluted 106,337,040 101,130,448 106,457,495 97,728,981 For the three and nine months ended September 30, 2015 and 2014 , there were no potentially dilutive securities excluded from the computation of diluted earnings per share. Redeemable Noncontrolling Interest W e account for the noncontrolling interest in WPCI held by a third party as a redeemable noncontrolling interest, as we have an obligation to redeem the interest at fair value, subject to certain conditions pursuant to a put option held by the third party. This obligation is required to be settled in shares of our common stock. 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 value of that interest was 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. The following table presents a reconciliation of redeemable noncontrolling interest (in thousands): Nine Months Ended September 30, 2015 2014 Beginning balance $ 6,071 $ 7,436 Redemption value adjustment 8,551 (306 ) Net income — 137 Distributions — (926 ) Change in other comprehensive income — 5 Ending balance $ 14,622 $ 6,346 Transfers to Noncontrolling Interests The following table presents a reconciliation of the effect of transfers in noncontrolling interest (in thousands): Nine Months Ended September 30, 2015 2014 Net income attributable to W. P. Carey $ 121,209 $ 207,554 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 — (41,374 ) Net transfers to noncontrolling interest — (41,374 ) Change from net income attributable to W. P. Carey and transfers to noncontrolling interest $ 121,209 $ 166,180 Reclassifications Out of Accumulated Other Comprehensive (Loss) Income The following tables present a reconciliation of changes in Accumulated other comprehensive (loss) income by component for the periods presented (in thousands): Three Months Ended September 30, 2015 Gains and Losses on Derivative Instruments Foreign Currency Translation Adjustments Gains and Losses on Marketable Securities Total Beginning balance $ 30,796 $ (151,608 ) $ 35 $ (120,777 ) Other comprehensive income (loss) before reclassifications 2,259 (37,138 ) — (34,879 ) Amounts reclassified from accumulated other comprehensive income (loss) to: Interest expense 672 — — 672 Other income and (expenses) (1,642 ) — — (1,642 ) Total (970 ) — — (970 ) Net current period other comprehensive (loss) income 1,289 (37,138 ) — (35,849 ) Net current period other comprehensive gain attributable to noncontrolling interests and redeemable noncontrolling interest — (43 ) — (43 ) Ending balance $ 32,085 $ (188,789 ) $ 35 $ (156,669 ) Three Months Ended September 30, 2014 Gains and Losses on Derivative Instruments Foreign Currency Translation Adjustments Gains and Losses on Marketable Securities Total Beginning balance $ (12,052 ) $ 26,224 $ 43 $ 14,215 Other comprehensive income (loss) before reclassifications 15,725 (55,096 ) (12 ) (39,383 ) Amounts reclassified from accumulated other comprehensive income (loss) to: Interest expense 661 — — 661 Other income and (expenses) (337 ) — — (337 ) Equity in earnings of equity method investments in the Managed Programs and real estate 102 — — 102 Total 426 — — 426 Net current period other comprehensive income (loss) 16,151 (55,096 ) (12 ) (38,957 ) Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest — 3,471 — 3,471 Ending balance $ 4,099 $ (25,401 ) $ 31 $ (21,271 ) Nine Months Ended September 30, 2015 Gains and Losses on Derivative Instruments Foreign Currency Translation Adjustments Gains and Losses on Marketable Securities Total Beginning balance $ 13,597 $ (89,177 ) $ 21 $ (75,559 ) Other comprehensive income (loss) before reclassifications 22,326 (103,127 ) 14 (80,787 ) Amounts reclassified from accumulated other comprehensive income (loss) to: Interest expense 1,890 — — 1,890 Other income and (expenses) (5,728 ) — — (5,728 ) Total (3,838 ) — — (3,838 ) Net current period other comprehensive income (loss) 18,488 (103,127 ) 14 (84,625 ) Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest — 3,515 — 3,515 Ending balance $ 32,085 $ (188,789 ) $ 35 $ (156,669 ) Nine Months Ended September 30, 2014 Gains and Losses on Derivative Instruments Foreign Currency Translation Adjustments Gains and Losses on Marketable Securities Total Beginning balance $ (7,488 ) $ 22,793 $ 31 $ 15,336 Other comprehensive (loss) income before reclassifications 8,696 (52,140 ) — (43,444 ) Amounts reclassified from accumulated other comprehensive income (loss) to: Interest expense 2,024 — — 2,024 Other income and (expenses) 487 — — 487 Equity in earnings of equity method investments in the Managed Programs and real estate 380 — — 380 Total 2,891 — — 2,891 Net current period other comprehensive income (loss) 11,587 (52,140 ) — (40,553 ) Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest — 3,946 — 3,946 Ending balance $ 4,099 $ (25,401 ) $ 31 $ (21,271 ) Distributions Declared During the third quarter of 2015, we declared a quarterly distribution of $0.9550 per share, which was paid on October 15, 2015 to stockholders of record on September 30, 2015 , in the amount of $101.6 million .

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We elected to be treated as a REIT and believe that we have been organized and have operated in such a manner to maintain our qualification as a REIT for federal and state income tax purposes. As a REIT, we are generally not subject to corporate level federal income taxes on earnings distributed currently to our stockholders. Since inception, we have distributed at least 100% of our taxable income annually and intend to do so for the tax year ending December 31, 2015. Accordingly, no provision for federal income taxes has been included in the accompanying consolidated financial statements for the three and nine months ended September 30, 2015 and 2014 related to the REIT. Certain subsidiaries have elected status as TRSs. A TRS may provide certain services considered impermissible for REITs and may hold assets that REITs may not hold directly. We also own real property in jurisdictions outside the United States through foreign subsidiaries and are subject to income taxes on our pre-tax income earned from properties in such countries. The accompanying consolidated financial statements include an interim tax provision for our TRSs and foreign subsidiaries, as necessary, for the three and nine months ended September 30, 2015 and 2014 . Current income tax expense was $4.8 million and $1.7 million for the three months ended September 30, 2015 and 2014 , respectively, and $24.9 million and $24.1 million for the nine months ended September 30, 2015 and 2014 , respectively. Our TRSs and foreign subsidiaries are subject to U.S. federal, state, and foreign income taxes. As such, deferred tax assets and liabilities are established for temporary differences between the financial reporting basis and the tax basis of assets and liabilities at the enacted tax rates expected to be in effect when the temporary differences reverse. A valuation allowance for deferred tax assets is provided if we believe that more likely than not we will not realize the deferred tax asset based on available evidence at the time the determination is made. A change in circumstances may cause us to change our judgment about whether a deferred tax asset will more likely than not be realized. We generally report any change in the valuation allowance through our income statement in the period in which such changes in circumstances occur. Deferred tax assets (net of valuation allowance) and liabilities for our TRSs and foreign subsidiaries were recorded, as necessary, for the nine months ended September 30, 2015 and 2014 . As of September 30, 2015 and 2014 , we had deferred tax assets of $41.8 million and $25.2 million , respectively; valuation allowances of $23.8 million and $23.5 million , respectively; and deferred tax liabilities of $87.6 million and $96.4 million , respectively. The majority of our deferred tax assets relate to the timing difference between the financial reporting basis and tax basis for stock based compensation expense. The majority of our deferred tax liabilities relate to differences between the tax basis and financial reporting basis of the assets acquired in acquisitions treated as business combinations under GAAP and in which the tax basis of such assets was not stepped up to fair value for income tax purposes. Deferred income tax benefits included within the provision for income taxes were $1.4 million and $0.8 million for the three months ended September 30, 2015 and 2014 , respectively, and $4.5 million and $13.0 million for the nine months ended September 30, 2015 and 2014 , respectively.

Property Dispositions and Disco

Property Dispositions and Discontinued Operations	9 Months Ended
	Sep. 30, 2015
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. All property dispositions are recorded within our Real Estate Ownership segment. Property Dispositions Included in Continuing Operations The results of operations for properties that did not qualify for discontinued operations are included within continuing operations in the consolidated financial statements. 2015 — During the nine months ended September 30, 2015 , we sold 11 properties for total proceeds of $28.8 million , net of selling costs, and we recognized a net gain on these sales of $2.4 million . In addition, during July 2015, a domestic vacant property was foreclosed upon and sold for $1.4 million . We recognized a gain on sale of $0.6 million in connection with that disposition. In connection with those sales that constituted businesses, during the nine months ended September 30, 2015 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 the sale ( Note 9 ). Total revenues from these properties were $0.1 million and $2.4 million for the three and nine months ended September 30, 2015 , respectively. Net income from the operations of these properties was $4.0 million and $3.4 million for the three and nine months ended September 30, 2015 , respectively, inclusive of Gain (loss) on sale of real estate, net of tax , of $1.8 million and $3.0 million , respectively, gain on extinguishment of debt of $2.3 million for both the three and nine months ended September 30, 2015 , and impairment charges of $0.8 million and $2.7 million , respectively ( Note 10 ). During the nine months ended September 30, 2015 , we entered into contracts to sell two properties for a total of $5.0 million ( Note 6 ). At September 30, 2015 , these properties were classified as assets held-for-sale. There can be no assurance that the properties will be sold at the contracted prices, or at all. 2014 — During the nine months ended September 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. Total revenues from these properties were $6.3 million for the nine months ended September 30, 2014 . There were no revenues from these properties during the three months ended September 30, 2014 . Net income from the operations of these properties was $0.2 million and $1.7 million for the three and nine months ended September 30, 2014 , respectively, inclusive of Gain (loss) on sale of real estate, net of tax of $0.3 million and $(3.5) million , respectively. In addition, during September 2014, we conveyed a parcel of land to a local government for $0.4 million and recognized a gain of $0.3 million . 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 non-recourse 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 , which was reflected in Gain (loss) on sale of real estate, net of tax in the consolidated statements of income. In connection with those sales that constituted businesses during the nine months ended September 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 9 ). 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues $ — $ 377 $ — $ 8,586 Expenses — (187 ) — (1,973 ) Loss on extinguishment of debt — — — (1,267 ) Gain on sale of real estate — — — 27,672 Income from discontinued operations $ — $ 190 $ — $ 33,018 2014 — At December 31, 2013 , we had nine properties classified as held-for-sale, all of which were sold during the nine months ended September 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 for the nine months ended September 30, 2014 , 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 jointly-owned investment, 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 nine months ended September 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 .

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2015
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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Real Estate Ownership Revenues $ 181,176 $ 165,273 $ 537,853 $ 477,773 Operating expenses (a) (125,776 ) (94,182 ) (328,952 ) (294,527 ) Interest expense (49,683 ) (46,534 ) (145,325 ) (133,342 ) Other income and expenses, excluding interest expense 19,223 6,309 48,175 129,120 Provision for income taxes (5,247 ) (1,872 ) (7,820 ) (944 ) Gain (loss) on sale of real estate, net of tax 1,779 260 2,980 (3,482 ) Net income attributable to noncontrolling interests (1,814 ) (757 ) (5,871 ) (4,470 ) Net loss (income) attributable to noncontrolling interests of discontinued operations — 4 — (174 ) Income from continuing operations attributable to W. P. Carey $ 19,658 $ 28,501 $ 101,040 $ 169,954 Investment Management Revenues (b) $ 33,490 $ 31,733 $ 135,279 $ 181,843 Operating expenses (b) (c) (33,290 ) (33,992 ) (100,974 ) (166,616 ) Other income and expenses, excluding interest expense 20 160 399 (7 ) Benefit from (provision for) income taxes 1,886 971 (12,532 ) (10,231 ) Net income attributable to noncontrolling interests (19 ) (236 ) (2,003 ) (444 ) Net loss (income) attributable to redeemable noncontrolling interests — 14 — (137 ) Income (loss) from continuing operations attributable to W. P. Carey $ 2,087 $ (1,350 ) $ 20,169 $ 4,408 Total Company Revenues (b) $ 214,666 $ 197,006 $ 673,132 $ 659,616 Operating expenses (a) (b) (c) (159,066 ) (128,174 ) (429,926 ) (461,143 ) Interest expense (49,683 ) (46,534 ) (145,325 ) (133,342 ) Other income and expenses, excluding interest expense 19,243 6,469 48,574 129,113 Provision for income taxes (3,361 ) (901 ) (20,352 ) (11,175 ) Gain (loss) on sale of real estate, net of tax 1,779 260 2,980 (3,482 ) Net income attributable to noncontrolling interests (1,833 ) (993 ) (7,874 ) (4,914 ) Net loss (income) attributable to noncontrolling interests of discontinued operations — 4 — (174 ) Net loss (income) attributable to redeemable noncontrolling interests — 14 — (137 ) Income from continuing operations attributable to W. P. Carey $ 21,745 $ 27,151 $ 121,209 $ 174,362 Total Long-Lived Assets at (d) Total Assets at September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 Real Estate Ownership $ 6,065,591 $ 5,880,958 $ 8,698,765 $ 8,459,406 Investment Management 24,158 25,000 189,663 189,073 Total Company $ 6,089,749 $ 5,905,958 $ 8,888,428 $ 8,648,479 __________ (a) Includes expenses incurred of $30.4 million related to the CPA ® :16 Merger for the nine months ended September 30, 2014 . (b) Included in revenues and operating expenses are reimbursable tenant and affiliate costs totaling $16.5 million and $21.0 million for the three months ended September 30, 2015 and 2014 , respectively, and $45.8 million and $114.4 million for the nine months ended September 30, 2015 and 2014 , respectively. (c) Includes Stock-based compensation expense of $4.0 million and $8.0 million for the three months ended September 30, 2015 and 2014 , respectively, of which $2.5 million and $4.3 million , respectively, were included in the Investment Management segment; and $16.1 million and $23.0 million for the nine months ended September 30, 2015 and 2014 , of which $10.1 million and $13.7 million , respectively, were included in the Investment Management segment. (d) Consists of Net investments in real estate and Equity investments in the Managed Programs and real estate . Total long-lived assets for our Investment Management segment consists of our equity investment in CCIF ( Note 8 ).

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Our interim consolidated financial statements have been prepared 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 United States, or GAAP.
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 September 30, 2015 , we had an investment in a tenancy-in-common interest in various underlying international properties. Consolidation of this investment is not required as such interest does not qualify as a VIE and does not meet the control requirement 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 this investment. We also have certain investments in wholly-owned tenancy-in-common interests, which we now consolidate after we obtained the remaining interests in the CPA ® :16 Merger. At September 30, 2015 , we consolidated 18 VIEs . 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. 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 jointly-owned 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 2015-16, Business Combinations (Topic 805) — ASU 2015-16 requires that an acquirer recognize adjustments identified during the business combination measurement period in the reporting period in which the adjustment amounts are determined. The effects on earnings due to changes in depreciation, amortization, or other income effects as a result of the change are also recognized in the same period’s financial statements. ASU 2015-16 also requires that acquirers present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, early adoption is permitted, and prospective application is required for adjustments that are identified after the effective date of this update. We elected to early adopt ASU 2015-16 and implemented the standard prospectively beginning July 1, 2015. ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) — ASU 2015-03 changes the presentation of debt issuance costs, which are currently recognized as a deferred charge (that is, an asset) and requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 does not affect the recognition and measurement guidance for debt issuance costs. ASU 2015-03 is effective for periods beginning after December 15, 2015, early adoption is permitted and retrospective application is required. We are currently evaluating the impact of ASU 2015-03 on our consolidated financial statements. 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 lease 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. In August 2015, the Financial Accounting Standards Board issued ASU 2015-14, which defers the effective date of ASU 2014-09 for all entities by one year, until years beginning in 2018, with early adoption permitted but not before 2017, the original public company effective date. 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.
Intangible Assets and Liabilities and Goodwill	In connection with our acquisitions of properties, we have recorded net lease intangibles that are being amortized over periods ranging from one year to 43 years . In addition, we have several ground lease intangibles that are being amortized over periods of up to 99 years . In-place lease and tenant relationship intangibles are included in In-place lease and tenant relationship intangible assets, net in the consolidated financial statements. Above-market rent intangibles are included in Above-market rent intangible assets, net in the consolidated financial statements. 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. Amortization of below-market rent and above-market rent intangibles 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 intangibles is included in Property expenses.
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, interest rate swaps, and foreign currency forward contracts; 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.
Impairment	For investments in real estate held for use 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 not recoverable. 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, broker quotes or third-party appraisals. 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.
Earnings Per Share	Under current authoritative guidance for determining earnings per share, all nonvested 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 nonvested RSUs and RSAs contain rights to receive non-forfeitable distribution equivalents or distributions, respectively, 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 nonvested RSUs and RSAs from the numerator and such nonvested shares in the denominator.
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 14 ). We determined the valuation of redeemable noncontrolling interest using widely accepted valuation techniques, including comparable transaction analysis, comparable public company analysis, and discounted cash flow analysis. W e account for the noncontrolling interest in WPCI held by a third party as a redeemable noncontrolling interest, as we have an obligation to redeem the interest at fair value, subject to certain conditions pursuant to a put option held by the third party. This obligation is required to be settled in shares of our common stock.
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.

Merger with CPA__16 _ Global (T

Merger with CPA®:16 – Global (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Business Acquisition, Pro Forma Information	(in thousands, except share and per share amounts) Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 Pro forma total revenues $ 195,945 $ 682,977 Pro forma net income from continuing operations, net of tax $ 28,086 $ 106,495 Pro forma net income attributable to noncontrolling interests (993 ) (3,909 ) Pro forma net loss (income) attributable to redeemable noncontrolling interest 14 (137 ) Pro forma net income from continuing operations, net of tax attributable to W. P. Carey (a) $ 27,107 $ 102,449 Pro forma earnings per share: (a) Basic $ 0.27 $ 1.02 Diluted $ 0.26 $ 1.01 Pro forma weighted-average shares: (b) Basic 100,282,082 100,080,000 Diluted 101,130,448 101,118,305 __________ (a) The pro forma income attributable to W. P. Carey for the three and nine months ended September 30, 2014 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 December 31, 2014 , (ii) an aggregate gain on change in control of interests, and (iii) an income tax expense from a permanent difference upon recognition of deferred revenue associated with accelerated vesting of shares previously issued by CPA ® :16 – Global for asset management and performance fees in connection with the CPA ® :16 Merger. (b) The pro forma weighted-average shares outstanding for the three and nine months ended September 30, 2014 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 w28

Agreements and Transactions with Related Parties (Tables)	9 Months Ended
	Sep. 30, 2015
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 Programs for the periods indicated, included in the consolidated financial statements (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Asset management revenue $ 12,981 $ 9,064 $ 36,167 $ 27,840 Reimbursable costs from affiliates 11,155 14,722 28,401 96,379 Distributions of Available Cash 10,182 7,893 28,244 23,574 Structuring revenue 8,207 5,487 67,735 40,492 Dealer manager fees 1,124 2,436 2,704 17,062 Interest income on deferred acquisition fees and loans to affiliates 576 172 1,172 515 Incentive revenue — — 203 — Deferred revenue earned — — — 786 $ 44,225 $ 39,774 $ 164,626 $ 206,648 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 CPA ® :16 – Global (a) $ — $ — $ — $ 7,999 CPA ® :17 – Global (b) 17,654 16,555 59,815 49,032 CPA ® :18 – Global (b) 12,725 8,836 56,392 107,668 CWI 1 (b) 7,581 14,383 36,735 41,949 CWI 2 (b) 6,265 — 11,684 — CCIF (c) — — — — $ 44,225 $ 39,774 $ 164,626 $ 206,648 __________ (a) The amount for the nine months ended September 30, 2014 reflects transactions through January 31, 2014, the date of the CPA ® :16 Merger. (b) The advisory agreements with each of the Managed REITs are scheduled to expire on December 31, 2015, unless otherwise renewed. (c) The advisory agreement with CCIF, which commenced February 27, 2015, is subject to renewal on or before February 26, 2017 unless otherwise renewed.
Schedule of Balances Due to and From Related Party	The following table presents a summary of our unsecured loans to the Managed Programs, all of which were made at an interest rate equal to the London Interbank Offered Rate, or LIBOR, as of the issue date, plus 1.1% (in thousands): Carrying Amount at Managed Program Principal Amount Issue Date Maturity Date September 30, 2015 December 31, 2014 CWI 2 $ 37,170 4/1/2015 3/31/2016 $ 12,170 — CWI 2 65,277 5/1/2015 12/30/2015 65,277 — CCIF 10,000 5/28/2015 12/30/2015 10,000 — CCIF 10,000 6/10/2015 12/30/2015 10,000 — CCIF 5,000 7/15/2015 12/30/2015 5,000 CCIF 3,000 9/30/2015 12/30/2015 3,000 Principal 105,447 — Accrued interest 558 — $ 106,005 $ — The following table presents a summary of amounts included in Due from affiliates in the consolidated financial statements (in thousands): September 30, 2015 December 31, 2014 Notes receivable from affiliates, including interest thereon $ 106,005 $ — Deferred acquisition fees receivable 28,382 26,913 Reimbursable costs 5,140 301 Accounts receivable 4,083 2,680 Asset management fees receivable 2,157 — Organization and offering costs 1,405 2,120 Current acquisition fees receivable 528 2,463 $ 147,700 $ 34,477
Schedule of Related Party Fees	Asset Management Revenue Under the advisory agreements with the Managed Programs, we earn asset management revenue for managing their investment portfolios. The following table presents a summary of our asset management fee arrangements with the Managed Programs: Managed Program Rate Payable Description CPA ® :16 – Global 0.5% 2014 in cash; 2015 N/A Rate is based on adjusted invested assets CPA ® :17 – Global 0.5% - 1.75% 2014 in shares of its common stock; 2015 50% in cash and 50% in shares of its common stock Rate depends on the type of investment and is based on the average market or average equity value, as applicable CPA ® :18 – Global 0.5% - 1.5% 2014 and 2015 in shares of its class A common stock Rate depends on the type of investment and is based on the average market or average equity value, as applicable CWI 1 0.5% 2014 in shares of its common stock; 2015 in cash Rate is based on the average market value of the investment CWI 2 0.55% 2014 N/A; 2015 in shares of its class A common stock Rate is based on the average market value of the investment CCIF 1.75% - 2.00% We have elected to waive all asset management fees until the day before either of the CCIF Feeder Funds initially acquires CCIF’s common shares Based on the average of gross assets at fair value; we are required to pay 50% of the asset management revenue we receive to the subadvisor Structuring Revenue Under the terms of the advisory agreements, we earn revenue for structuring and negotiating investments and related financing for the Managed REITs. We do not earn any structuring revenue from the Managed BDCs. The following table presents a summary of our structuring fee arrangements with the Managed REITs: Managed Program Rate Payable Description CPA ® :17 – Global 1% - 1.75%, 4.5% In cash; for non net-lease investments, 1% - 1.75% upon completion; for net-lease investments, 2.5% upon completion, with 2% deferred and payable in three interest-bearing annual installments Based on the total aggregate cost of the net-lease investments made; also based on the total aggregate cost of the non net-lease investments made; total limited to 6% of the contract prices in aggregate CPA ® :18 – Global 4.5% In cash; for net-lease investments, 2.5% upon completion, with 2% deferred and payable in three interest-bearing annual installments Based on the total aggregate cost of the net-lease investments made; total limited to 6% of the contract prices in aggregate CWI REITs 2.5% In cash upon completion Based on the total aggregate cost of the lodging investments made; loan refinancing transactions up to 1% of the principal amount; total limited to 6% of the contract prices in aggregate Reimbursable Costs from Affiliates The Managed Programs reimburse us for certain costs that we incur on their behalf, which consist primarily of broker-dealer commissions, marketing costs, an annual distribution and shareholder servicing fee, or Shareholder Servicing Fee, and certain personnel and overhead costs, as applicable. The following tables present summaries of such fee arrangements: Broker-Dealer Selling Commissions Managed Program Rate Payable Description CPA ® :18 – Global and CWI 2 Class A Shares, and CWI 1 Common Stock $0.70 In cash upon share settlement; 100% re-allowed to broker-dealers Per share sold CPA ® :18 – Global Class C Shares $0.14 In cash upon share settlement; 100% re-allowed to broker-dealers Per share sold CWI 2 Class T Shares $0.19 In cash upon share settlement; 100% re-allowed to broker-dealers Per share sold CCIF Feeder Funds 0% - 3% In cash upon share settlement; 100% re-allowed to broker-dealers Based on the selling price of each share sold Dealer Manager Fees Managed Program Rate Payable Description CPA ® :18 – Global and CWI 2 Class A Shares, and CWI 1 Common Stock $0.30 Per share sold In cash upon share settlement; a portion may be re-allowed to broker-dealers CPA ® :18 – Global Class C Shares $0.21 Per share sold In cash upon share settlement; a portion may be re-allowed to broker-dealers CWI 2 Class T Shares $0.26 Per share sold In cash upon share settlement; a portion may be re-allowed to broker-dealers CCIF Feeder Funds 2.75% - 3.0% Based on the selling price of each share sold In cash upon share settlement; a portion may be re-allowed to broker-dealers Annual Distribution and Shareholder Servicing Fee Managed Program Rate Payable Description CPA ® :18 – Global Class C Shares 1.0% Accrued daily and payable quarterly in arrears in cash; 100% re-allowed to selected dealers Based on the purchase price per share sold or, once reported, the NAV; cease paying when underwriting compensation from all sources equals 10% of gross offering proceeds CWI 2 Class T Shares 1.0% Accrued daily and payable quarterly in arrears in cash; 100% re-allowed to selected dealers Limited to six years and 10% of gross offering proceeds Personnel and Overhead Costs Managed Program Payable Description CPA ® :17 – Global and CPA ® :18 – Global In cash Personnel and overhead costs, excluding those related to our legal transactions group, are charged to the CPA ® REITs based on the average of the trailing 12-month aggregate reported revenues of the CPA ® REITs, the CWI REITs, and us, and for 2015, are capped at 2.4% of each CPA ® REIT’s pro rata lease revenues; for the legal transactions group, costs are charged according to a fee schedule CWI 1 2014 in shares of its common stock; 2015 in cash Actual expenses incurred; allocated between the CWI REITs based on the percentage of their total pro rata hotel revenues for the most recently completed quarter CWI 2 2014 N/A; 2015 in cash Actual expenses incurred; allocated between the CWI REITs based on the percentage of their total pro rata hotel revenues for the most recently completed quarter CCIF and CCIF Feeder Funds 2014 N/A; 2015 in cash Actual expenses incurred Organization and Offering Costs Managed Program Payable Description CPA ® :18 – Global and CWI 2 In cash; within 60 days after the end of the quarter in which the offering terminates Actual costs incurred from 1.5% through 4.0% of the gross offering proceeds, depending on the amount raised CWI 1 In cash; within 60 days after the end of the quarter in which the offering terminates Actual costs incurred up to 4.0% of the gross offering proceeds CCIF and CCIF Feeder Funds In cash; payable monthly Up to 1.5% of the gross offering proceeds

Net Investments in Properties (

Net Investments in Properties (Tables)	9 Months Ended
	Sep. 30, 2015
Real Estate [Abstract]
Net Investments in Real Estate Properties	Operating real estate consisted of our investments in two hotels and two self-storage properties. Below is a summary of our Operating real estate (in thousands): September 30, 2015 December 31, 2014 Land $ 6,570 $ 7,074 Buildings 76,078 77,811 Less: Accumulated depreciation (7,744 ) (4,866 ) $ 74,904 $ 80,019 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): September 30, 2015 December 31, 2014 Land $ 1,179,423 $ 1,146,704 Buildings 4,116,644 3,829,981 Real estate under construction 1,715 29,997 Less: Accumulated depreciation (343,922 ) (253,627 ) $ 4,953,860 $ 4,753,055
Disclosure of Long Lived Assets Held-for-sale	Below is a summary of our properties held for sale (in thousands): September 30, 2015 December 31, 2014 Real estate, net $ 4,863 $ 5,969 Above-market rent intangible assets, net — 838 In-place lease intangible assets, net — 448 Assets held for sale $ 4,863 $ 7,255

Finance Receivables (Tables)

Finance Receivables (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Capital Leases Net Investment In Direct Financing Leases	Net investments in direct financing leases is summarized as follows (in thousands): September 30, 2015 December 31, 2014 Minimum lease payments receivable $ 830,831 $ 904,788 Unguaranteed residual value 783,553 818,334 1,614,384 1,723,122 Less: unearned income (834,145 ) (906,896 ) $ 780,239 $ 816,226
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 / Obligors at Carrying Value at Internal Credit Quality Indicator September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 1 2 3 $ 90,880 $ 79,343 2 3 4 53,636 37,318 3 23 22 525,521 592,631 4 6 7 120,959 127,782 5 — — — — $ 790,996 $ 837,074

Equity Investment in Real Est31

Equity Investment in Real Estate and the Managed Programs (Tables)	9 Months Ended
	Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	The following table presents Equity in earnings of equity method investments in the Managed Programs and real estate, 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Proportionate share of (losses) earnings from equity investments in the Managed Programs $ (431 ) $ 381 $ 565 $ 1,930 Amortization of basis differences on equity investments in the Managed Programs (208 ) (140 ) (582 ) (648 ) Other-than-temporary impairment charges on the Special Member Interest in CPA ® :16 – Global’s operating partnership — — — (735 ) Distributions of Available Cash ( Note 5 ) 10,182 7,893 28,244 23,574 Deferred revenue earned ( Note 5 ) — — — 786 Total equity earnings from the Managed Programs 9,543 8,134 28,227 24,907 Equity earnings from other equity investments 4,034 3,507 13,188 11,124 Amortization of basis differences on other equity investments (942 ) (31 ) (2,785 ) (707 ) Equity in earnings of equity method investments in the Managed Programs and real estate $ 12,635 $ 11,610 $ 38,630 $ 35,324 The following table sets forth certain information about our investments in the Managed Programs (dollars in thousands): % of Outstanding Shares Owned at Carrying Amount of Investment at Fund September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 CPA ® :17 – Global (a) 2.994 % 2.676 % $ 85,437 $ 79,429 CPA ® :17 – Global operating partnership (b) 0.009 % 0.009 % — — CPA ® :18 – Global (c) 0.571 % 0.221 % 7,658 2,784 CPA ® :18 – Global operating partnership (d) 0.034 % 0.034 % 1,914 209 CWI 1 1.139 % 1.088 % 12,920 13,940 CWI 1 operating partnership (e) 0.015 % 0.015 % — — CWI 2 (f) 0.630 % — % 523 — CWI 2 operating partnership (g) 0.015 % — % 300 — CCIF (h) 50.000 % 50.000 % 24,158 25,000 $ 132,910 $ 121,362 __________ (a) Carrying value at September 30, 2015 includes asset management fees receivable, for which 127,279 shares of CPA ® :17 – Global common stock were issued during the fourth quarter of 2015. We received distributions from this investment during the nine months ended September 30, 2015 and 2014 of $4.5 million and $3.3 million , respectively. (b) We received distributions from this investment during the nine months ended September 30, 2015 and 2014 of $17.7 million and $15.4 million , respectively. (c) Carrying value at September 30, 2015 includes asset management fees receivable, for which 71,633 shares of CPA ® :18 – Global class A common stock were issued during the fourth quarter of 2015. (d) We received distributions from this investment during the nine months ended September 30, 2015 and 2014 of $2.3 million and $1.2 million , respectively. (e) We received distributions from this investment during the nine months ended September 30, 2015 and 2014 of $6.4 million and $2.2 million , respectively. (f) On May 30, 2014, we purchased 22,222 shares of CWI 2’s class A common stock, par value $0.001 per share, for an aggregate purchase price of $0.2 million . On May 15, 2015, upon CWI 2 reaching its minimum offering proceeds and admitting new stockholders, we began to account for our interest in CWI 2 under the equity method of accounting ( Note 3 ). As of September 30, 2015 , we had not received any distributions from this investment. The carrying value at September 30, 2015 includes asset management fees receivable, for which 10,009 shares of class A common stock of CWI 2 were issued during the fourth quarter of 2015. (g) On March 27, 2015, we purchased a 0.015% special general partnership interest in CWI 2 operating partnership for $0.3 million . This special general partnership interest entitles us to receive distributions of our proportionate share of earnings up to 10% of the Available Cash from CWI 2’s operating partnership ( Note 5 ). During the nine months ended September 30, 2015 , we received $0.2 million of distributions from this investment. (h) As of September 30, 2015 , CCIF had not yet admitted any additional shareholders other than our third-party investment partner ( Note 1 ). At September 30, 2015 and December 31, 2014 , the aggregate unamortized basis differences on our equity investments in the Managed Programs were $25.3 million and $20.2 million , respectively. The following tables present estimated combined summarized financial information for the Managed Programs. Amounts provided are expected total amounts attributable to the Managed Programs and do not represent our proportionate share (in thousands): September 30, 2015 December 31, 2014 Real estate, net $ 6,599,264 $ 5,969,011 Other assets 2,542,255 2,293,065 Total assets 9,141,519 8,262,076 Debt (4,193,290 ) (3,387,795 ) Accounts payable, accrued expenses and other liabilities (592,369 ) (496,857 ) Total liabilities (4,785,659 ) (3,884,652 ) Noncontrolling interests (262,063 ) (170,249 ) Stockholders’ equity $ 4,093,797 $ 4,207,175 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 (a) 2015 2014 (a) Revenues $ 309,805 $ 210,000 $ 840,889 $ 602,122 Expenses (292,522 ) (200,446 ) (804,989 ) (576,256 ) Income from continuing operations $ 17,283 $ 9,554 $ 35,900 $ 25,866 Net income attributable to the Managed Programs (b) (c) $ 8,747 $ 2,519 $ 2,365 $ 2,420 __________ (a) Reflects revisions of amounts previously recorded by CPA ® :17 – Global and CPA ® :18 – Global. (b) Inclusive of impairment charges recognized by the Managed Programs totaling $1.0 million during the nine months ended September 30, 2015 and $0.1 million for each of the three and nine months ended September 30, 2014. There were no such impairment charges recognized by the Managed Programs for the three months ending September 30, 2015. These impairment charges reduced our income earned from these investments by less than $0.1 million during the nine months ended September 30, 2015 , and by less than $0.1 million during each of the three and nine months ended September 30, 2014 . (c) Amounts included net gains on sale of real estate recorded by the Managed REITs totaling $6.7 million and $8.9 million for the three and nine months ended September 30, 2015 , respectively, and $0.8 million and $13.3 million for the three and nine months ended September 30, 2014 , respectively. Net income attributable to the Managed Programs for the three and nine months ended September 30, 2015 was also negatively impacted by the increase in acquisition-related fees and expenses incurred on investments accounted for as business combinations as a result of higher investment volume during the current year periods as compared to the same periods in the prior year. The following table sets forth our ownership interests in our equity investments in real estate, excluding the Managed Programs, and their respective carrying values (dollars in thousands): Ownership Interest at Carrying Value at Lessee Co-owner September 30, 2015 September 30, 2015 December 31, 2014 Existing Equity Investments (a) (b) Waldaschaff Automotive GmbH and Wagon Automotive Nagold GmbH (c) CPA ® :17 – Global 33% $ 9,733 $ 6,949 C1000 Logistiek Vastgoed B.V. (d) CPA ® :17 – Global 15% 9,624 11,192 Wanbishi Archives Co. Ltd. CPA ® :17 – Global 3% 330 341 19,687 18,482 Equity Investments Acquired in the CPA ® :16 Merger The New York Times Company CPA ® :17 – Global 45% 71,377 72,476 Frontier Spinning Mills, Inc. (e) CPA ® :17 – Global 40% 24,199 15,609 Actebis Peacock GmbH (a) (f) CPA ® :17 – Global 30% 12,605 6,369 108,181 94,454 Recently Acquired Equity Investment Beach House JV, LLC (g) Third Party N/A (d) 15,105 15,105 $ 142,973 $ 128,041 __________ (a) The carrying value of this investment is affected by fluctuations in the exchange rate of the foreign currency. (b) Represents equity investments we acquired prior to January 1, 2014. (c) In the second quarter of 2015, we recognized equity income of approximately $2.1 million , representing our share of the bankruptcy proceeds received by the jointly-owned investment. The proceeds were used to repay the mortgage loan encumbering the two properties owned by the jointly-owned investment in the amount of $14.3 million , of which our share was $4.7 million , in the third quarter of 2015. (d) 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 $75.0 million at September 30, 2015 . Of this amount, $11.3 million represents the amount we agreed to pay and is included within the carrying value of the investment at September 30, 2015 . (e) We made a contribution of $8.6 million in the second quarter of 2015 to this jointly-owned investment to repay the related non-recourse mortgage loan. (f) We made a contribution of $6.2 million in the third quarter of 2015 to this jointly-owned investment to repay the related non-recourse mortgage loan. (g) In March 2014, we received a preferred equity position in Beach House JV, LLC as part of the sale of the Soho House investment. During the nine months ended September 30, 2015 , we recognized $1.0 million of income and distributions related to this investment, which is included in Equity in earnings of equity method investments in the Managed Programs and real estate in the consolidated financial statements.

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	9 Months Ended
	Sep. 30, 2015
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 nine months ended September 30, 2015 , we recorded net lease intangibles comprised as follows (life in years, dollars in thousands): Weighted-Average Life Amount Amortizable Intangible Assets In-place lease 12.9 $ 70,411 Above-market rent 15.1 29,554 Below-market ground lease 73.4 6,963 $ 106,928 Amortizable Intangible Liabilities Below-market rent 14.6 $ (6,492 )
Schedule Of Goodwill	The following table presents a reconciliation of our goodwill (in thousands): Real Estate Ownership Investment Management Total Balance at January 1, 2015 $ 628,808 $ 63,607 $ 692,415 Foreign currency translation adjustments and other (8,330 ) — (8,330 ) Acquisition of investment accounted for as business combination 1,704 — 1,704 Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale (1,213 ) — (1,213 ) Balance at September 30, 2015 $ 620,969 $ 63,607 $ 684,576
Schedule Of Intangible Assets And Goodwill	Intangible assets, intangible liabilities, and goodwill are summarized as follows (in thousands): September 30, 2015 December 31, 2014 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 $ (32,765 ) $ — Internal-use software development costs 19,033 (1,529 ) 17,504 17,584 (26 ) 17,558 51,798 (34,294 ) 17,504 50,349 (32,791 ) 17,558 Lease Intangibles: In-place lease and tenant relationship 1,206,398 (277,436 ) 928,962 1,185,692 (191,873 ) 993,819 Above-market rent 655,288 (162,534 ) 492,754 639,370 (116,573 ) 522,797 Below-market ground lease 22,626 (768 ) 21,858 17,771 (435 ) 17,336 1,884,312 (440,738 ) 1,443,574 1,842,833 (308,881 ) 1,533,952 Unamortizable Goodwill and Indefinite-Lived Intangible Assets Goodwill 684,576 — 684,576 692,415 — 692,415 Trade name 3,975 — 3,975 3,975 — 3,975 688,551 — 688,551 696,390 — 696,390 Total intangible assets $ 2,624,661 $ (475,032 ) $ 2,149,629 $ 2,589,572 $ (341,672 ) $ 2,247,900 Amortizable Intangible Liabilities Below-market rent $ (171,809 ) $ 34,371 $ (137,438 ) $ (169,231 ) $ 23,039 $ (146,192 ) Above-market ground lease (13,117 ) 1,619 (11,498 ) (13,311 ) 1,144 (12,167 ) (184,926 ) 35,990 (148,936 ) (182,542 ) 24,183 (158,359 ) Unamortizable Intangible Liabilities Below-market purchase option (16,711 ) — (16,711 ) (16,711 ) — (16,711 ) Total intangible liabilities $ (201,637 ) $ 35,990 $ (165,647 ) $ (199,253 ) $ 24,183 $ (175,070 )
Schedule Of Finite Lived Intangible Assets Future Amortization Expense	Based on the intangible assets and liabilities recorded at September 30, 2015 , scheduled annual net amortization of intangibles for the remainder of 2015 , each of the next four calendar years following December 31, 2015 , and thereafter is as follows (in thousands): Years Ending December 31, Net Decrease in Lease Revenues Increase to Amortization/ Property Expenses Net 2015 (remainder) $ 13,705 $ 28,290 $ 41,995 2016 53,226 112,271 165,497 2017 50,578 108,917 159,495 2018 47,388 99,682 147,070 2019 43,454 94,175 137,629 Thereafter 146,965 513,491 660,456 Total $ 355,316 $ 956,826 $ 1,312,142

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
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): September 30, 2015 December 31, 2014 Level Carrying Value Fair Value Carrying Value Fair Value Non-recourse debt, net (a) 3 $ 2,412,612 $ 2,436,124 $ 2,532,683 $ 2,574,437 Senior Unsecured Notes, net (b) 2 1,502,007 1,465,694 498,345 527,029 Senior Unsecured Credit Facility (c) 2 685,489 685,489 1,057,518 1,057,519 Notes receivable from affiliates (d) 3 106,005 106,005 — — Deferred acquisition fees receivable (e) 3 28,382 28,023 26,913 28,027 Notes receivable (a) 3 10,756 9,254 20,848 19,604 __________ (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 the Senior Unsecured Notes ( Note 12 ) using quoted market prices in an open market with limited trading volume. (c) We determined the estimated fair value of our Senior Unsecured Credit Facility ( Note 12 ) using a discounted cash flow model with rates that take into account the market-based credit spread and our credit rating. (d) We determined the estimated fair values of these notes receivable, which approximate their carrying values, based on the assumption that the notes receivable are priced at par due to their maturity dates of less than one year. (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 of 203 - 213 basis points and an illiquidity adjustment of 75 basis points at September 30, 2015 . Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement.
Schedule Of Fair Value Impairment Charges Using Unobservable Inputs Nonrecurring Basis	The following table presents information about our other assets that were measured at fair value on a non-recurring basis (in thousands): Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Fair Value Measurements Total Impairment Charges Fair Value Total Impairment Impairment Charges Real estate $ 46,608 $ 19,438 $ 6,665 $ 3,472 Net investments in direct financing leases — — 3,157 753 $ 19,438 $ 4,225 Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 Fair Value Measurements Total Impairment Charges Fair Value Total Impairment Impairment Charges Real estate $ 52,684 $ 22,711 $ 6,665 $ 5,538 Net investments in direct financing leases — — 3,157 753 Equity investments in real estate — — — 735 $ 22,711 $ 7,026

Risk Management and Use of De34

Risk Management and Use of Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
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): Derivatives Designated as Hedging Instruments Balance Sheet Location Asset Derivatives Fair Value at Liability Derivatives Fair Value at September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 Foreign currency forward contracts Other assets, net $ 40,539 $ 16,307 $ — $ — Foreign currency collars Other assets, net 4,543 — — — Interest rate swaps Other assets, net — 285 — — Interest rate cap Other assets, net — 3 — — Interest rate swaps Accounts payable, accrued expenses and other liabilities — — (6,352 ) (5,660 ) Foreign currency collars Accounts payable, accrued expenses and other liabilities — — (257 ) — Derivatives Not Designated as Hedging Instruments Stock warrants Other assets, net 3,886 3,753 — — Interest rate swaps (a) Accounts payable, accrued expenses and other liabilities — — (3,768 ) (7,496 ) Total derivatives $ 48,968 $ 20,348 $ (10,377 ) $ (13,156 ) __________ (a) 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)	The following tables present the impact of our derivative instruments in the consolidated financial statements (in thousands): Amount of (Loss) Gain Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion) (a) Three Months Ended September 30, Nine Months Ended September 30, Derivatives in Cash Flow Hedging Relationships 2015 2014 2015 2014 Foreign currency collars $ 2,028 $ — $ 4,094 $ — Interest rate swaps (1,776 ) 689 (1,620 ) (928 ) Foreign currency forward contracts 1,056 15,372 15,109 12,256 Interest rate caps 2 14 3 (7 ) Derivatives in Net Investment Hedging Relationships (b) Foreign currency forward contracts 5,105 — 8,411 — Total $ 6,415 $ 16,075 $ 25,997 $ 11,321 Amount of (Loss) Gain on Derivatives Reclassified from Other Comprehensive Income (Loss) (Effective Portion) (c) Derivatives in Cash Flow Hedging Relationships Location of Gain (Loss) Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Foreign currency forward contracts Other income and (expenses) $ 1,642 $ 337 $ 5,371 $ (487 ) Interest rate swaps and caps Interest expense (672 ) (661 ) (1,890 ) (2,024 ) Foreign currency collars Other income and (expenses) — — 357 — Total $ 970 $ (324 ) $ 3,838 $ (2,511 ) __________ (a) Excludes net losses of less than $0.1 million and net gains of $0.1 million recognized on unconsolidated jointly-owned investments for the three months ended September 30, 2015 and 2014 , respectively, and net gains of $0.9 million and $0.3 million for the nine months ended September 30, 2015 and 2014 , respectively. (b) The effective portion of the change in fair value and the settlement of these contracts are reported in the foreign currency translation adjustment section of Other comprehensive loss until the underlying investment is sold, at which time we reclassify the gain or loss to earnings. (c) Excludes net gains recognized on unconsolidated jointly-owned investments of $0.1 million and $0.4 million for the three and nine months ended September 30, 2014 , respectively. There were no such gains or losses recognized for the three and nine months ended September 30, 2015 .
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	Amount of Gain (Loss) on Derivatives Recognized in Income Derivatives Not in Cash Flow Hedging Relationships Location of Gain (Loss) Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Interest rate swaps Interest expense $ 1,013 $ 1,007 $ 3,097 $ 1,992 Foreign currency collars Other income and (expenses) 238 — 243 — Foreign currency forwards Other income and (expenses) 52 — (296 ) — Stock warrants Other income and (expenses) — 268 134 134 Derivatives in Cash Flow Hedging Relationships Interest rate swaps (a) Interest expense 140 — 476 — Foreign currency forward contracts Other income and (expenses) 68 — 71 — Foreign currency collars Other income and (expenses) 41 — 64 — Total $ 1,552 $ 1,275 $ 3,789 $ 2,126 __________ (a) Relates to the ineffective portion of the hedging relationship.
Schedule of Derivative Instruments	The following table presents the foreign currency derivative contracts we had outstanding at September 30, 2015 , which were designated as cash flow hedges (currency in thousands): Number of Instruments Notional Fair Value at September 30, 2015 (a) Foreign Currency Derivatives Designated as Cash Flow Hedging Instruments Foreign currency forward contracts 56 134,974 EUR $ 26,092 Foreign currency forward contracts 17 21,502 AUD 3,079 Foreign currency collars 23 92,375 EUR 2,426 Foreign currency collars 24 50,750 GBP 1,860 Foreign currency forward contracts 13 6,960 GBP 392 Designated as Net Investment Hedging Instruments Foreign currency forward contracts 5 84,522 AUD 10,976 $ 44,825 __________ (a) Fair value amounts are based on the applicable exchange rate of the foreign currency at September 30, 2015 . The interest rate swaps and cap that our consolidated subsidiaries had outstanding at September 30, 2015 are summarized as follows (currency in thousands): Number of Instruments Notional Amount Fair Value at September 30, 2015 (a) Interest Rate Derivatives Designated as Cash Flow Hedging Instruments Interest rate swaps 13 123,141 USD $ (5,673 ) Interest rate swaps 1 6,035 EUR (679 ) Interest rate cap (b) 1 42,554 EUR — Not Designated as Cash Flow Hedging Instruments Interest rate swaps (c) 3 105,442 EUR (3,752 ) Interest rate swaps (c) 1 3,160 USD (16 ) $ (10,120 ) __________ (a) Fair value amounts are based on the exchange rate of the euro at September 30, 2015 , as applicable. (b) The applicable interest rate of the related debt was 0.9% , which was below the strike price of the cap of 3.0% at September 30, 2015 . (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.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Debt	Scheduled debt principal payments during the remainder of 2015 , each of the next four calendar years following December 31, 2015 , and thereafter are as follows (in thousands): Years Ending December 31, Total (a) 2015 (remainder) $ 167,413 2016 (b) 583,195 2017 722,388 2018 (c) 704,286 2019 99,128 Thereafter through 2038 (d) 2,326,746 4,603,156 Unamortized discount, net (e) (3,048 ) Total $ 4,600,108 __________ (a) Certain amounts are based on the applicable foreign currency exchange rate at September 30, 2015 . (b) Includes $250.0 million outstanding under our Term Loan Facility at September 30, 2015 , which is scheduled to mature on January 31, 2016. However, we have two options to extend the maturity, each by an additional year, and are currently exploring our options in this regard. (c) Includes $435.5 million outstanding under our Revolver at September 30, 2015 , which is scheduled to mature on January 31, 2018 unless extended pursuant to its terms. (d) Includes $1.5 billion of outstanding Senior Unsecured Notes, which are scheduled to mature during 2023 through 2025. (e) Represents the unamortized discount on the Senior Unsecured Notes of $8.1 million partially offset by unamortized premium of $5.1 million in the aggregate resulting from the assumption of property-level debt in connection with the CPA ® :15 Merger and CPA ® :16 Merger. The following table presents a summary of our Senior Unsecured Notes (currency in millions): Notes Issue Date Principal Amount Price of Par Value Discount Effective Interest Rate Coupon Rate Maturity Date 4.6% Senior Notes 3/14/2014 $ 500.0 99.639 % $ 1.8 4.645 % 4.6 % 4/1/2024 2.0% Senior Euro Notes (a) 1/21/2015 € 500.0 99.220 % $ 4.6 2.107 % 2.0 % 1/20/2023 4.0% Senior Notes (a) 1/26/2015 $ 450.0 99.372 % $ 2.8 4.077 % 4.0 % 2/1/2025 __________ (a) Proceeds from the issuances of these notes were used primarily to partially pay down the amounts then outstanding under our Revolver.

Stock-Based Compensation and 36

Stock-Based Compensation and Equity (Tables)	9 Months Ended
	Sep. 30, 2015
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 September 30, 2015 and changes during the nine months ended September 30, 2015 were as follows: RSA and RSU Awards PSU Awards Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Nonvested at January 1, 2015 442,502 $ 53.03 877,641 $ 32.06 Granted (a) 189,893 69.92 65,277 85.61 Vested (b) (264,628 ) 49.23 (792,465 ) 56.27 Forfeited (10,391 ) 66.56 — — Adjustment (c) — — 171,419 48.98 Nonvested at September 30, 2015 (d) 357,376 $ 64.43 321,872 $ 55.26 __________ (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 nine months ended September 30, 2015 , we used a risk-free interest rate of 1.0% and an expected volatility rate of 20.2% (the plan defined peer index assumes 13.5% ) and assumed a dividend yield of zero . (b) The total fair value of shares vested during the nine months ended September 30, 2015 was $57.7 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 September 30, 2015 and December 31, 2014 , we had an obligation to issue 1,430,900 and 848,788 shares, respectively, of our common stock underlying such deferred awards, which is recorded within W. P. Carey stockholders’ equity as a Deferred compensation obligation of $57.4 million and $30.6 million , respectively. (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 2012, which were paid out in February 2015, we adjusted the shares during the nine months ended September 30, 2015 to reflect the actual number of shares issued. 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 September 30, 2015 , total unrecognized compensation expense related to these awards was approximately $24.5 million , with an aggregate weighted-average remaining term of 1.8 years.
Earnings Per Share Reconciliation	The following table summarizes basic and diluted earnings (in thousands, except share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Net income attributable to W. P. Carey $ 21,745 $ 27,337 $ 121,209 $ 207,554 Allocation of distribution equivalents paid on nonvested RSUs and RSAs in excess of income (73 ) (113 ) (408 ) (855 ) Net income – basic 21,672 27,224 120,801 206,699 Income effect of dilutive securities, net of taxes — (8 ) — 74 Net income – diluted $ 21,672 $ 27,216 $ 120,801 $ 206,773 Weighted-average shares outstanding – basic 105,813,237 100,282,082 105,627,423 96,690,675 Effect of dilutive securities 523,803 848,366 830,072 1,038,306 Weighted-average shares outstanding – diluted 106,337,040 101,130,448 106,457,495 97,728,981
Redeemable Noncontrolling Interest	The following table presents a reconciliation of redeemable noncontrolling interest (in thousands): Nine Months Ended September 30, 2015 2014 Beginning balance $ 6,071 $ 7,436 Redemption value adjustment 8,551 (306 ) Net income — 137 Distributions — (926 ) Change in other comprehensive income — 5 Ending balance $ 14,622 $ 6,346 The following table presents a reconciliation of the effect of transfers in noncontrolling interest (in thousands): Nine Months Ended September 30, 2015 2014 Net income attributable to W. P. Carey $ 121,209 $ 207,554 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 — (41,374 ) Net transfers to noncontrolling interest — (41,374 ) Change from net income attributable to W. P. Carey and transfers to noncontrolling interest $ 121,209 $ 166,180
Reclassification Out of Accumulated Other Comprehensive Income	The following tables present a reconciliation of changes in Accumulated other comprehensive (loss) income by component for the periods presented (in thousands): Three Months Ended September 30, 2015 Gains and Losses on Derivative Instruments Foreign Currency Translation Adjustments Gains and Losses on Marketable Securities Total Beginning balance $ 30,796 $ (151,608 ) $ 35 $ (120,777 ) Other comprehensive income (loss) before reclassifications 2,259 (37,138 ) — (34,879 ) Amounts reclassified from accumulated other comprehensive income (loss) to: Interest expense 672 — — 672 Other income and (expenses) (1,642 ) — — (1,642 ) Total (970 ) — — (970 ) Net current period other comprehensive (loss) income 1,289 (37,138 ) — (35,849 ) Net current period other comprehensive gain attributable to noncontrolling interests and redeemable noncontrolling interest — (43 ) — (43 ) Ending balance $ 32,085 $ (188,789 ) $ 35 $ (156,669 ) Three Months Ended September 30, 2014 Gains and Losses on Derivative Instruments Foreign Currency Translation Adjustments Gains and Losses on Marketable Securities Total Beginning balance $ (12,052 ) $ 26,224 $ 43 $ 14,215 Other comprehensive income (loss) before reclassifications 15,725 (55,096 ) (12 ) (39,383 ) Amounts reclassified from accumulated other comprehensive income (loss) to: Interest expense 661 — — 661 Other income and (expenses) (337 ) — — (337 ) Equity in earnings of equity method investments in the Managed Programs and real estate 102 — — 102 Total 426 — — 426 Net current period other comprehensive income (loss) 16,151 (55,096 ) (12 ) (38,957 ) Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest — 3,471 — 3,471 Ending balance $ 4,099 $ (25,401 ) $ 31 $ (21,271 ) Nine Months Ended September 30, 2015 Gains and Losses on Derivative Instruments Foreign Currency Translation Adjustments Gains and Losses on Marketable Securities Total Beginning balance $ 13,597 $ (89,177 ) $ 21 $ (75,559 ) Other comprehensive income (loss) before reclassifications 22,326 (103,127 ) 14 (80,787 ) Amounts reclassified from accumulated other comprehensive income (loss) to: Interest expense 1,890 — — 1,890 Other income and (expenses) (5,728 ) — — (5,728 ) Total (3,838 ) — — (3,838 ) Net current period other comprehensive income (loss) 18,488 (103,127 ) 14 (84,625 ) Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest — 3,515 — 3,515 Ending balance $ 32,085 $ (188,789 ) $ 35 $ (156,669 ) Nine Months Ended September 30, 2014 Gains and Losses on Derivative Instruments Foreign Currency Translation Adjustments Gains and Losses on Marketable Securities Total Beginning balance $ (7,488 ) $ 22,793 $ 31 $ 15,336 Other comprehensive (loss) income before reclassifications 8,696 (52,140 ) — (43,444 ) Amounts reclassified from accumulated other comprehensive income (loss) to: Interest expense 2,024 — — 2,024 Other income and (expenses) 487 — — 487 Equity in earnings of equity method investments in the Managed Programs and real estate 380 — — 380 Total 2,891 — — 2,891 Net current period other comprehensive income (loss) 11,587 (52,140 ) — (40,553 ) Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest — 3,946 — 3,946 Ending balance $ 4,099 $ (25,401 ) $ 31 $ (21,271 )

Property Dispositions and Dis37

Property Dispositions and Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2015
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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues $ — $ 377 $ — $ 8,586 Expenses — (187 ) — (1,973 ) Loss on extinguishment of debt — — — (1,267 ) Gain on sale of real estate — — — 27,672 Income from discontinued operations $ — $ 190 $ — $ 33,018

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2015
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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Real Estate Ownership Revenues $ 181,176 $ 165,273 $ 537,853 $ 477,773 Operating expenses (a) (125,776 ) (94,182 ) (328,952 ) (294,527 ) Interest expense (49,683 ) (46,534 ) (145,325 ) (133,342 ) Other income and expenses, excluding interest expense 19,223 6,309 48,175 129,120 Provision for income taxes (5,247 ) (1,872 ) (7,820 ) (944 ) Gain (loss) on sale of real estate, net of tax 1,779 260 2,980 (3,482 ) Net income attributable to noncontrolling interests (1,814 ) (757 ) (5,871 ) (4,470 ) Net loss (income) attributable to noncontrolling interests of discontinued operations — 4 — (174 ) Income from continuing operations attributable to W. P. Carey $ 19,658 $ 28,501 $ 101,040 $ 169,954 Investment Management Revenues (b) $ 33,490 $ 31,733 $ 135,279 $ 181,843 Operating expenses (b) (c) (33,290 ) (33,992 ) (100,974 ) (166,616 ) Other income and expenses, excluding interest expense 20 160 399 (7 ) Benefit from (provision for) income taxes 1,886 971 (12,532 ) (10,231 ) Net income attributable to noncontrolling interests (19 ) (236 ) (2,003 ) (444 ) Net loss (income) attributable to redeemable noncontrolling interests — 14 — (137 ) Income (loss) from continuing operations attributable to W. P. Carey $ 2,087 $ (1,350 ) $ 20,169 $ 4,408 Total Company Revenues (b) $ 214,666 $ 197,006 $ 673,132 $ 659,616 Operating expenses (a) (b) (c) (159,066 ) (128,174 ) (429,926 ) (461,143 ) Interest expense (49,683 ) (46,534 ) (145,325 ) (133,342 ) Other income and expenses, excluding interest expense 19,243 6,469 48,574 129,113 Provision for income taxes (3,361 ) (901 ) (20,352 ) (11,175 ) Gain (loss) on sale of real estate, net of tax 1,779 260 2,980 (3,482 ) Net income attributable to noncontrolling interests (1,833 ) (993 ) (7,874 ) (4,914 ) Net loss (income) attributable to noncontrolling interests of discontinued operations — 4 — (174 ) Net loss (income) attributable to redeemable noncontrolling interests — 14 — (137 ) Income from continuing operations attributable to W. P. Carey $ 21,745 $ 27,151 $ 121,209 $ 174,362 (a) Includes expenses incurred of $30.4 million related to the CPA ® :16 Merger for the nine months ended September 30, 2014 . (b) Included in revenues and operating expenses are reimbursable tenant and affiliate costs totaling $16.5 million and $21.0 million for the three months ended September 30, 2015 and 2014 , respectively, and $45.8 million and $114.4 million for the nine months ended September 30, 2015 and 2014 , respectively. (c) Includes Stock-based compensation expense of $4.0 million and $8.0 million for the three months ended September 30, 2015 and 2014 , respectively, of which $2.5 million and $4.3 million , respectively, were included in the Investment Management segment
Reconciliation Of Assets From Segment To Consolidated	Total Long-Lived Assets at (d) Total Assets at September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 Real Estate Ownership $ 6,065,591 $ 5,880,958 $ 8,698,765 $ 8,459,406 Investment Management 24,158 25,000 189,663 189,073 Total Company $ 6,089,749 $ 5,905,958 $ 8,888,428 $ 8,648,479 (d) Consists of Net investments in real estate and Equity investments in the Managed Programs and real estate . Total long-lived assets for our Investment Management segment consists of our equity investment in CCIF ( Note 8 ).

Business and Organization (Narr

Business and Organization (Narratives) (Details) ft² in Millions	9 Months Ended
	Sep. 30, 2015ft²propertytenant
Additional disclosures
Number of real estate properties | property	854
Number of tenants | tenant	221
Occupancy rate	98.80%
Square footage of real estate properties	89.8
Managed REITs
Additional disclosures
Number of real estate properties | property	421
Number of tenants | tenant	199
Occupancy rate	99.90%
Square footage of real estate properties	47.5
Managed REITs | Operating real estate
Additional disclosures
Number of real estate properties | property	157
Square footage of real estate properties	18.2

Revisions of Previously -Issu40

Revisions of Previously -Issued Financial Statements (Details) $ in Millions	3 Months Ended
	Mar. 31, 2015USD ($)
Total assets
Adjustments
Quantifying misstatement, amount	$ 17.6
Real Estate
Adjustments
Quantifying misstatement, amount	14.8
In-place lease
Adjustments
Quantifying misstatement, amount	2.8
Intangible liabilities
Adjustments
Quantifying misstatement, amount	0.3
Accumulated other comprehensive loss
Adjustments
Quantifying misstatement, amount	(17.3)
Other comprehensive loss
Adjustments
Quantifying misstatement, amount	(17.3)
Comprehensive loss
Adjustments
Quantifying misstatement, amount	(17.3)
Comprehensive income attributable to W.P. Carey
Adjustments
Quantifying misstatement, amount	(17.3)
Net cash provided by operating activities
Adjustments
Quantifying misstatement, amount	$ 13.6

Basis of Presentation (Narrativ

Basis of Presentation (Narratives) (Details) $ in Millions	Sep. 30, 2015	Jun. 03, 2015USD ($)	Jan. 31, 2015USD ($)	Jun. 30, 2014USD ($)
Basis of Consolidation
Variable interest entities, count	18
Common stock maximum offering, value		$ 400
CWI 2
Basis of Consolidation
Common stock maximum offering, value			$ 1,400	$ 1,000
Stock authorized during period, share value dividend reinvestment plan			$ 600	$ 400

Merger with CPA__16 _ Global (N

Merger with CPA®:16 – Global (Narratives) (Details) $ / shares in Units, $ in Thousands	Jan. 31, 2014USD ($)loanpropertyinvestment$ / sharesshares	Sep. 30, 2015USD ($)property	Sep. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Jun. 30, 2014USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)property	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)property	Jan. 31, 2014USD ($)loanpropertyinvestment$ / sharesshares
Merger Disclosure
Per share closing price | $ / shares	$ 59.08									$ 59.08
Cash consideration							$ 0	$ 1,338
Number of real estate properties | property		854					854
Lease revenues		$ 164,741	$ 149,243				$ 487,480	420,563
Income from operations		21,799	27,866				126,103	183,069
Merger and acquisition expense		4,760	618				12,333	31,369
Gain on change in control of interests		0	$ 0				0	105,947
Senior Unsecured Credit Facility - Revolver		435,489					435,489		$ 807,518
Non-recourse debt		$ 2,412,612					$ 2,412,612		$ 2,532,683
Purchase on remaining interest								280,936
Assets held-for-sale
Merger Disclosure
Number of real estate properties | property									4
Additional Paid-in Capital
Merger Disclosure
Purchase on remaining interest								41,374
CPA: 16 - Global
Merger Disclosure
Share per share exchange rate	0.1830									0.1830
Per share exchange rate | $ / shares	$ 11.25									$ 11.25
Merger consideration	$ 1,800,000
Cash consideration	$ 1,300
Shares issued as compensation, shares | shares	30,729,878
Fair value of W.P.Carey shares of common stock issued	$ 1,800,000									$ 1,800,000
Shares of acquired entity received | shares	168,041,772
Lease revenues					$ 184,300
Income from operations					62,500
Income attributable to noncontrolling interest					$ 2,200
Merger and acquisition expense								$ 30,400	$ 30,500	10,600
Carrying value of equity investment in CPA pre merger	$ 274,100									$ 274,100
Number of shares owned | shares	38,229,294									38,229,294
Senior Unsecured Credit Facility - Revolver	$ 170,000									$ 170,000
Non-recourse debt	$ 1,800,000									$ 1,800,000
Number of unconsolidated investments | investment	18									18
Fair value of noncontrolling interests acquired	$ 278,200									$ 278,200
Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA:16 prior to the CPA:16 Merger	$ 347,200
CPA: 16 - Global | Previously held equity interest
Merger Disclosure
Gain on change in control of interests				$ 73,100
Number of jointly owned investments with affiliate | investment	12									12
Carrying value of noncontrolling interest acquired from entity	$ 236,800									$ 236,800
CPA: 16 - Global | Jointly Owned Investments
Merger Disclosure
Gain on change in control of interests				30,200
Carrying value of equity investment in CPA pre merger	$ 142,500									$ 142,500
Number of jointly owned investments with affiliate | investment	9									9
Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA:16 prior to the CPA:16 Merger	$ 172,700
CPA: 16 - Global | Consolidated or partially leased investments
Merger Disclosure
Number of real estate properties | property	325									325
Weighted average lease term	10 years 4 months 24 days
Triple-net lease, current minimum base rent receivable	$ 300,100									$ 300,100
Mortgage loans on real estate, interest rate	5.60%
CPA: 16 - Global | Consolidated or partially leased investments | Fixed interest rate
Merger Disclosure
Loans outstanding, count | loan	92									92
CPA: 16 - Global | Consolidated or partially leased investments | Variable interest rate
Merger Disclosure
Loans outstanding, count | loan	18									18
CPA: 16 - Global | Equity method investments
Merger Disclosure
Number of real estate properties | property	140									140
Number of investments consolidated after merger | investment	5									5
Weighted average lease term	8 years 7 months 6 days
Triple-net lease, current minimum base rent receivable	$ 63,900									$ 63,900
Mortgage loans on real estate, interest rate	4.80%
Non-recourse debt	$ 300,000									$ 300,000
Number of consolidated investments | investment	11									11
Number of jointly owned investments with affiliate | investment	2									2
CPA: 16 - Global | Equity method investments | Fixed interest rate
Merger Disclosure
Loans outstanding, count | loan	17									17
CPA: 16 - Global | Equity method investments | Variable interest rate
Merger Disclosure
Loans outstanding, count | loan	5									5
CPA: 16 - Global | Additional Paid-in Capital
Merger Disclosure
Purchase on remaining interest				$ 42,000
Hotel
Merger Disclosure
Number of real estate properties | property									2
Hotel | CPA: 16 - Global | Consolidated or partially leased investments
Merger Disclosure
Number of real estate properties | property	2									2
Measurement period adjustment | CPA: 16 - Global
Merger Disclosure
Purchase on remaining interest	$ 600
Fair value of noncontrolling interests acquired									$ (600)
Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA:16 prior to the CPA:16 Merger						$ 2,600
Discontinued Operations | Assets held-for-sale | CPA: 16 - Global
Merger Disclosure
Number of real estate properties | property	10								10	10
Discontinued Operations | Assets held-for-sale | CPA: 16 - Global | Jointly Owned Investments
Merger Disclosure
Number of real estate properties | property									5

Merger with CPA__16 _ Global (D

Merger with CPA®:16 – Global (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Pro Forma Financial Information
Pro forma total revenue	$ 195,945	$ 682,977
Pro forma net income from continuing operations, net of tax	28,086	106,495
Pro forma net income attributable to noncontrolling interests	(993)	(3,909)
Pro forma net loss (income) attributable to redeemable noncontrolling interest	14	(137)
Pro forma net income from continuing operations, net of tax attributable to W. P. Carey (a)	$ 27,107	$ 102,449
Pro forma earnings per share
Basic (in dollar per share)	$ 0.27	$ 1.02
Diluted (in dollar per share)	$ 0.26	$ 1.01
Pro forma weighted average shares
Basic (in shares)	100,282,082	100,080,000
Diluted (in shares)	101,130,448	101,118,305

Agreements and Transactions w44

Agreements and Transactions with Related Parties (Narratives) (Details) - USD ($) $ in Thousands	Oct. 21, 2015	Jul. 31, 2015	Jul. 29, 2015	Jun. 25, 2014	Feb. 28, 2014	Sep. 30, 2015	Sep. 30, 2014	Apr. 01, 2015	Dec. 31, 2014
Distributions Of Available Cash and Deferred Revenue Earned
Percentage of available cash distribution to advisor						10.00%
Share Purchase Agreement
Stock repurchased during period, shares					11,037
Repurchase of common stock					$ 700	$ 0	$ 679
Maximum
Other Transactions with Affiliates
Ownership interest in joint ventures						90.00%
Minimum
Other Transactions with Affiliates
Ownership interest in joint ventures						3.00%
CPA: 17 - Global
Other Transactions with Affiliates
Line of credit, maximum borrowing amount						$ 75,000			$ 75,000
Receivable maturity date		Dec. 30, 2015
Loans receivable, related party		$ 25,000
CPA:18 - Global
Other Transactions with Affiliates
Line of credit, maximum borrowing amount						100,000			100,000
CWI
Other Transactions with Affiliates
Line of credit, maximum borrowing amount						110,000			110,000
Receivable maturity date				Jun. 30, 2015
Loans receivable, related party				$ 11,000
CWI 2
Other Transactions with Affiliates
Line of credit, maximum borrowing amount						$ 110,000			$ 110,000
Loans receivable, related party								$ 37,200
Proceeds from repayment of related party debt			$ 25,000
CWI 2 | Subsequent Event
Other Transactions with Affiliates
Proceeds from repayment of related party debt	$ 10,000
Managed Programs
Other Transactions with Affiliates
Interest rate on loan						1.10%
CCIF
Distributions Of Available Cash and Deferred Revenue Earned
Reimbursement percentage						50.00%
Other Transactions with Affiliates
Line of credit, maximum borrowing amount						$ 50,000
Average adjusted capital | CCIF | Maximum
Distributions Of Available Cash and Deferred Revenue Earned
Incentive fees						2.344%
Average adjusted capital | CCIF | Minimum
Distributions Of Available Cash and Deferred Revenue Earned
Incentive fees						1.875%
Net investment income | CCIF | Minimum
Distributions Of Available Cash and Deferred Revenue Earned
Incentive fees						20.00%
Capital gain | CCIF | Minimum
Distributions Of Available Cash and Deferred Revenue Earned
Incentive fees						20.00%
Front-end fees | CCIF
Distributions Of Available Cash and Deferred Revenue Earned
Maximum personnel and overhead reimbursement, percentage						18.00%
Gross proceeds | CCIF
Distributions Of Available Cash and Deferred Revenue Earned
Maximum personnel and overhead reimbursement, percentage						82.00%
Average net asset | CCIF
Distributions Of Available Cash and Deferred Revenue Earned
Reimbursement percentage						1.75%

Agreements and Transactions w45

Agreements and Transactions with Related Parties (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue from related parties:
Asset management revenue	$ 12,981	$ 9,064	$ 36,167	$ 27,840
Reimbursable costs from affiliates	11,155	14,722	28,401	96,379
Distributions of Available Cash	10,182	7,893	28,244	23,574
Structuring revenue	8,207	5,487	67,735	40,492
Dealer manager fees	1,124	2,436	2,704	17,062
Interest income on deferred acquisition fees and loans to affiliates	576	172	1,172	515
Incentive revenue	0	0	203	0
Deferred revenue earned	0	0	0	786
Total deferred revenue earned	$ 44,225	$ 39,774	$ 164,626	$ 206,648

Agreements and Transactions w46

Agreements and Transactions with Related Parties (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Related Party Transaction
Revenue from related parties	$ 44,225	$ 39,774	$ 164,626	$ 206,648
CPA: 16 - Global
Related Party Transaction
Revenue from related parties	0	0	0	7,999
CPA: 17 - Global
Related Party Transaction
Revenue from related parties	17,654	16,555	59,815	49,032
CPA:18 - Global
Related Party Transaction
Revenue from related parties	12,725	8,836	56,392	107,668
CWI
Related Party Transaction
Revenue from related parties	7,581	14,383	36,735	41,949
CWI 2
Related Party Transaction
Revenue from related parties	6,265	0	11,684	0
CCIF
Related Party Transaction
Revenue from related parties	$ 0	$ 0	$ 0	$ 0

Agreements and Transactions w47

Agreements and Transactions with Related Parties (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Due from affiliates
Notes receivable from affiliates, including interest thereon	$ 106,005	$ 0
Deferred acquisition fees receivable	28,382	26,913
Reimbursable costs	5,140	301
Accounts receivable	4,083	2,680
Asset management fee receivable	2,157	0
Organization and offering costs	1,405	2,120
Current acquisition fees receivable	528	2,463
Due from affiliates	$ 147,700	$ 34,477

Agreements and Transactions w48

Agreements and Transactions with Related Parties (Details 4)	Jan. 31, 2014	Sep. 30, 2015
CPA: 17 - Global
Revenue from related parties
Asset management fees receivable in cash		50.00%
Asset management fees receivable in shares		50.00%
CWI REITs
Structuring revenue
Loan refinancing fee (percentage)		1.00%
Contract sales price of investment | CWI
Structuring revenue
Percentage of acquisition fees earned		2.50%
Average invested assets | CPA: 16 - Global
Revenue from related parties
Percentage of asset management fees earned	0.50%
Average gross assets | CCIF
Revenue from related parties
Percentage of asset management fees earned		50.00%
Minimum | CCIF
Revenue from related parties
Percentage of asset management fees earned		1.75%
Minimum | Average equity value | CPA: 17 - Global
Revenue from related parties
Percentage of asset management fees earned		0.50%
Structuring revenue
Percentage of acquisition fees earned		1.00%
Minimum | Average equity value | CPA:18 - Global
Revenue from related parties
Percentage of asset management fees earned		0.50%
Maximum | CCIF
Revenue from related parties
Percentage of asset management fees earned		2.00%
Maximum | Contract sales price of investment | Managed Programs
Structuring revenue
Percentage of acquisition fees earned		6.00%
Maximum | Average equity value | CPA: 17 - Global
Revenue from related parties
Percentage of asset management fees earned		1.75%
Structuring revenue
Percentage of acquisition fees earned		1.75%
Maximum | Average equity value | CPA:18 - Global
Revenue from related parties
Percentage of asset management fees earned		1.50%
Long-term net lease | CPA REITs
Structuring revenue
Percentage of acquisition fees earned		4.50%
Installment period for deferred acquisition fee receivable		three interest-bearing annual installments
Lodging-related investments | CWI
Revenue from related parties
Percentage of asset management fees earned		0.50%
Lodging-related investments | CWI 2
Revenue from related parties
Percentage of asset management fees earned		0.55%
Current | Long-term net lease | CPA REITs
Structuring revenue
Percentage of acquisition fees earned		1.75%
Upon Completion | Long-term net lease | CPA REITs
Structuring revenue
Percentage of acquisition fees earned		2.50%
Deferred | Long-term net lease | CPA REITs
Structuring revenue
Percentage of acquisition fees earned		2.00%

Agreements and Transactions w49

Agreements and Transactions with Related Parties (Details 5)	Sep. 30, 2015$ / shares
CWI 2
Reimbursed costs from affiliates and wholesaling revenue
Underwriting compensation limit, percentage	10.00%
CCIF | Minimum
Reimbursed costs from affiliates and wholesaling revenue
Selling commission per share sold, percentage	0.00%
Dealer manager fee per share fee, percentage	2.75%
CCIF | Maximum
Reimbursed costs from affiliates and wholesaling revenue
Selling commission per share sold, percentage	3.00%
Dealer manager fee per share fee, percentage	3.00%
Class A | CPA:18 - Global
Reimbursed costs from affiliates and wholesaling revenue
Selling commission per share sold	$ 0.7
Dealer manager fee per share sold	0.3
Class C | CPA:18 - Global
Reimbursed costs from affiliates and wholesaling revenue
Selling commission per share sold	0.14
Dealer manager fee per share sold	$ 0.21
Shareholder servicing, percentage	1.00%
Class T | CWI 2
Reimbursed costs from affiliates and wholesaling revenue
Selling commission per share sold	$ 0.19
Dealer manager fee per share sold	$ 0.26
Shareholder servicing, percentage	1.00%

Agreements and Transactions w50

Agreements and Transactions with Related Parties (Details 6)	9 Months Ended
	Sep. 30, 2015
Related Party Transaction [Line Items]
Percentage of Available cash distribution to advisor	10.00%
CPA REITs
Reimbursed Costs
Maximum personnel and overhead reimbursement, percentage	2.40%
CPA:18 - Global
Reimbursed Costs
Aggregate gross proceeds threshold	1.50%
CWI
Reimbursed Costs
Maximum percent of offering proceeds	4.00%
CWI 2
Reimbursed Costs
Maximum percent of offering proceeds	1.50%
Maximum percentage of follow-on offering proceeds	4.00%
CCIF
Reimbursed Costs
Maximum percent of offering proceeds	1.50%

Agreements and Transactions w51

Agreements and Transactions with Related Parties (Details 7) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
CWI 2 | Loan to affiliate
Related Party Transaction [Line Items]
Principal Amount	$ 37,170
Issue Date	Apr. 1, 2015
Maturity Date	Mar. 31, 2016
Carrying Amount at	$ 12,170	$ 0
CWI 2 | Loan to affiliate
Related Party Transaction [Line Items]
Principal Amount	$ 65,277
Issue Date	May 1, 2015
Maturity Date	Dec. 30, 2015
Carrying Amount at	$ 65,277	0
CCIF | Loan to affiliate
Related Party Transaction [Line Items]
Principal Amount	$ 10,000
Issue Date	May 28, 2015
Maturity Date	Dec. 30, 2015
Carrying Amount at	$ 10,000	0
CCIF | Loan to affiliate
Related Party Transaction [Line Items]
Principal Amount	$ 10,000
Issue Date	Jun. 10, 2015
Maturity Date	Dec. 30, 2015
Carrying Amount at	$ 10,000	0
CCIF | Loan to affiliate
Related Party Transaction [Line Items]
Principal Amount	$ 5,000
Issue Date	Jul. 15, 2015
Maturity Date	Dec. 30, 2015
Carrying Amount at	$ 5,000
CCIF | Loan to affiliate
Related Party Transaction [Line Items]
Principal Amount	$ 3,000
Issue Date	Sep. 30, 2015
Maturity Date	Dec. 30, 2015
Carrying Amount at	$ 3,000
Managed Programs
Related Party Transaction [Line Items]
Principal Amount	105,447	0
Accrued interest	558	0
Carrying Amount at	$ 106,005	$ 0

Net Investments in Properties52

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

Aug. 24, 2015USD ($)

Aug. 06, 2015USD ($)

Jun. 17, 2015USD ($)

Apr. 10, 2015USD ($)

Feb. 11, 2015USD ($)

Jan. 28, 2015USD ($)property

Sep. 30, 2015USD ($)property

Sep. 30, 2014USD ($)

Sep. 30, 2015USD ($)property

Sep. 30, 2014USD ($)

Dec. 31, 2014property

Dec. 31, 2013USD ($)

Real Estate Properties

Decrease in exchange rate

7.80%

7.80%

Foreign currency exchange rate

1.1203

1.1203

1.2156

Decrease in value of balance sheet item due to foreign currency translation

$ 37,138

$ 55,096

$ 103,127

$ 52,140

Investments in real estate

Investment in real estate under construction

27,976

$ 7,879

Assets placed into service

$ 51,300

Number of real estate properties | property

854

854

Mönchengladbach, Germany

Investments in real estate

BTS commitment

$ 65,000

Real estate

Real Estate Properties

Decrease in value of balance sheet item due to foreign currency translation

$ (135,500)

Real estate | Office building in Sunderland, United Kingdom

Investments in real estate

Investment purchase price

$ 53,500

Acquired finite-lived intangible asset, business combination

20,600

Capitalized acquisition costs

$ 3,100

Business combination

Investments in real estate

Investment purchase price

479,100

Land acquired

$ 81,900

81,900

Buildings acquired

317,300

317,300

Acquired finite-lived intangible asset, business combination

$ 79,900

79,900

Acquisition costs, expensed

$ 10,700

Business combination | Various auto dealerships in the United Kingdom

Investments in real estate

Investment purchase price

$ 345,900

Number of real estate properties | property

73

Business combination | Logistic facilty in Rotterdam, the Netherlands

Investments in real estate

Investment purchase price

$ 42,400

Business combination | Retail facility in Bad Fischau, Austria

Investments in real estate

Investment purchase price

$ 23,300

Business combination | Logistic facility in Oskarshamn, Sweden

Investments in real estate

Investment purchase price

$ 26,300

Business combination | Various maintenance facilities in Europe

Investments in real estate

Investment purchase price

$ 41,200

Hotel

Investments in real estate

Number of real estate properties | property

2

Self-storage

Investments in real estate

Number of real estate properties | property

1

1

2

Assets held-for-sale

Investments in real estate

Number of real estate properties | property

4

Net Investments in Properties53

Net Investments in Properties (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Real Estate Investment Property At Cost
Less: Accumulated depreciation	$ (351,666)	$ (258,493)
Net investments in properties	5,028,764	4,833,074
Real estate
Real Estate Investment Property At Cost
Land	1,179,423	1,146,704
Buildings	4,116,644	3,829,981
Real estate under construction	1,715	29,997
Less: Accumulated depreciation	(343,922)	(253,627)
Net investments in properties	4,953,860	4,753,055
Operating real estate
Real Estate Investment Property At Cost
Land	6,570	7,074
Buildings	76,078	77,811
Less: Accumulated depreciation	(7,744)	(4,866)
Net investments in properties	$ 74,904	$ 80,019

Net investments in Properties54

Net investments in Properties (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Long Lived Assets Held-for-sale
Assets held for sale	$ 4,863	$ 7,255
Real Estate
Long Lived Assets Held-for-sale
Assets held for sale	4,863	5,969
Above-market rent intangible assets, net
Long Lived Assets Held-for-sale
Assets held for sale	0	838
In-place lease intangible assets, net
Long Lived Assets Held-for-sale
Assets held for sale	$ 0	$ 448

Finance Receivables (Narratives

Finance Receivables (Narratives) (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2015USD ($)	Sep. 30, 2015USD ($)property	Sep. 30, 2014USD ($)property	Sep. 30, 2015USD ($)property	Sep. 30, 2014USD ($)property	Dec. 31, 2014USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease in value of balance sheet item due to foreign currency translation		$ 37,138	$ 55,096	$ 103,127	$ 52,140
Finance Receivables
Interest income from direct financing lease		$ 18,700	$ 20,800	$ 56,100	59,300
Number of real estate properties | property		854		854
Accounts receivable billed under direct financing lease		$ 1,900		$ 1,900		$ 1,400
Notes receivable, net		10,800		10,800		$ 10,900
Proceeds from repayment of note receivable				$ 10,258	0
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 September 30, 2015 and December 31, 2014, 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 third quarter of 2015.
B Note
Finance Receivables
Proceeds from repayment of note receivable	$ 10,000
Direct financing lease
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease in value of balance sheet item due to foreign currency translation				$ 32,600
Finance Receivables
Reclassification to real estate owned					$ 13,700
Number of real estate properties | property			7		7
Fair Value, Measurements, Nonrecurring | Level 3
Finance Receivables
Impairment charges on properties		19,438	$ 4,225	22,711	$ 7,026
Net investments in direct financing lease | Fair Value, Measurements, Nonrecurring | Level 3
Finance Receivables
Impairment charges on properties		$ 0	$ 753	$ 0	$ 753

Finance Receivables (Details 1)

Finance Receivables (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Net Investments in Direct Financing Leases
Minimum lease payments receivable	$ 830,831	$ 904,788
Unguaranteed residual value	783,553	818,334
Gross minimum lease payments receivable	1,614,384	1,723,122
Less: unearned income	(834,145)	(906,896)
Net investments in direct financing leases	$ 780,239	$ 816,226

Finance Receivables (Details 2)

Finance Receivables (Details 2) $ in Thousands	Sep. 30, 2015USD ($)tenant	Dec. 31, 2014USD ($)tenant
Credit Quality Of Finance Receivables
Number of tenants	221
Net investments in direct financing leases | $	$ 790,996	$ 837,074
Internally Assigned Grade 1
Credit Quality Of Finance Receivables
Number of tenants	2	3
Net investments in direct financing leases | $	$ 90,880	$ 79,343
Internally Assigned Grade 2
Credit Quality Of Finance Receivables
Number of tenants	3	4
Net investments in direct financing leases | $	$ 53,636	$ 37,318
Internally Assigned Grade 3
Credit Quality Of Finance Receivables
Number of tenants	23	22
Net investments in direct financing leases | $	$ 525,521	$ 592,631
Internally Assigned Grade 4
Credit Quality Of Finance Receivables
Number of tenants	6	7
Net investments in direct financing leases | $	$ 120,959	$ 127,782
Internally Assigned Grade 5
Credit Quality Of Finance Receivables
Number of tenants	0	0
Net investments in direct financing leases | $	$ 0	$ 0

Equity Investment in Real Est58

Equity Investment in Real Estate and the Managed Programs (Narratives) (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 27, 2015	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	May. 30, 2014
Investments in REITs
Other-than-temporary impairment charges					$ 22,711	$ 6,291
Gain or loss on sale of investment properties					2,980	24,188
Other Transactions
Income from equity method investments		$ 12,635		$ 11,610	38,630	35,324
Payment of mortgage loan					$ 54,422	96,797
Common stock, per share value		$ 0.001			$ 0.001		$ 0.001
Payments to acquire equity method investments					$ 15,903	468
Percentage of available cash distribution to advisor					10.00%
Real Estate Investments
Investments in REITs
Aggregate unamortized basis difference on equity investments		$ 5,700			$ 5,700		$ 5,800
Other Transactions
Distributions received from equity investment					$ 9,700	9,000
CPA: 17 - Global
Investments in REITs
Asset management fees receivable, shares		127,279			127,279
Other Transactions
Distributions received from equity investment					$ 4,500	3,300
Equity method investment, ownership percentage		2.994%			2.994%		2.676%
CPA:17 - Global operating partnership
Other Transactions
Distributions received from equity investment					$ 17,700	15,400
Equity method investment, ownership percentage		0.009%			0.009%		0.009%
CPA:18 - Global
Other Transactions
Equity method investment, ownership percentage		0.571%			0.571%		0.221%
CPA:18 - Global | Class A
Investments in REITs
Asset management fees receivable, shares		71,633			71,633
CPA:18 - Global operating partnership
Other Transactions
Distributions received from equity investment					$ 2,300	1,200
Equity method investment, ownership percentage		0.034%			0.034%		0.034%
CWI operating partnership
Other Transactions
Distributions received from equity investment					$ 6,400	2,200
Equity method investment, ownership percentage		0.015%			0.015%		0.015%
CWI 2
Other Transactions
Common stock acquired, shares								22,222
Common stock, per share value								$ 0.001
Common stock acquired, value								$ 200
Equity method investment, ownership percentage		0.63%			0.63%		0.00%
CWI 2 | Class A
Investments in REITs
Asset management fees receivable, shares		10,009			10,009
CWI 2 operating partnership
Other Transactions
Distributions received from equity investment					$ 200
Equity method investment, ownership percentage	0.015%	0.015%			0.015%		0.00%
Payments to acquire equity method investments	$ 300
Managed Programs
Investments in REITs
Aggregate unamortized basis difference on equity investments		$ 25,300			$ 25,300		$ 20,200
Other-than-temporary impairment charges		100			1,000
Gain or loss on sale of investment properties		6,700		$ 800	8,900	$ 13,300
Other Transactions
Income from equity method investments		100			100
C1000 Logestiek Vastgoed B.V. | CPA: 17 - Global | Real Estate Investments
Investments in REITs
Mortgage debt tenants in common		75,000			75,000
Pro rata share mortgage debt on tenancy in common		$ 11,300			$ 11,300
Other Transactions
Equity method investment, ownership percentage		15.00%			15.00%
Waldaschaff Automotive GmbH and Wagon Automotive Nagold GmbH | CPA: 17 - Global | Real Estate Investments
Investments in REITs
Contributions to equity method investments		$ 4,700
Other Transactions
Income from equity method investments			$ 2,100
Payment of mortgage loan		$ 14,300
Equity method investment, ownership percentage		33.00%			33.00%
Frontier Spinning Mills, Inc. | CPA: 17 - Global | Real Estate Investments
Investments in REITs
Contributions to equity method investments		$ 8,600
Other Transactions
Equity method investment, ownership percentage		40.00%			40.00%
Actebis Peacock GmbH | CPA: 17 - Global | Real Estate Investments
Investments in REITs
Contributions to equity method investments		$ 6,200
Other Transactions
Equity method investment, ownership percentage		30.00%			30.00%
Beach House JV, LLC
Other Transactions
Income from equity method investments					$ 1,000

Equity Investment in Real Est59

Equity Investment in Real Estate and the Managed Programs (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Schedule Of Equity Method Investments
Income from equity method investments	$ 12,635	$ 11,610	$ 38,630	$ 35,324
Distributions of Available Cash (Note 5)			2,776	1,915
Managed Programs
Schedule Of Equity Method Investments
Income from equity method investments	(431)	381	565	1,930
Amortization of basis differences on equity investments	(208)	(140)	(582)	(648)
Other-than-temporary impairment charges on the Special Member Interest in CPA®:16 – Global’s operating partnership	0	0	0	(735)
Distributions of Available Cash (Note 5)	10,182	7,893	28,244	23,574
Deferred revenue earned (Note 5)	0	0	0	786
Total equity earnings from the Managed Programs	9,543	8,134	28,227	24,907
Jointly Owned Investments
Schedule Of Equity Method Investments
Income from equity method investments	4,034	3,507	13,188	11,124
Amortization of basis differences on equity investments	$ (942)	$ (31)	$ (2,785)	$ (707)

Equity Investment in Real Est60

Equity Investment in Real Estate and the Managed Programs (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 27, 2015	Dec. 31, 2014
Investments in Programs
Equity investments in real estate	$ 275,883		$ 249,403
CPA: 17 - Global
Investments in Programs
Equity method investment, ownership percentage	2.994%		2.676%
Equity investments in real estate	$ 85,437		$ 79,429
CPA:17 - Global operating partnership
Investments in Programs
Equity method investment, ownership percentage	0.009%		0.009%
Equity investments in real estate	$ 0		$ 0
CPA:18 - Global
Investments in Programs
Equity method investment, ownership percentage	0.571%		0.221%
Equity investments in real estate	$ 7,658		$ 2,784
CPA:18 - Global operating partnership
Investments in Programs
Equity method investment, ownership percentage	0.034%		0.034%
Equity investments in real estate	$ 1,914		$ 209
CWI
Investments in Programs
Equity method investment, ownership percentage	1.139%		1.088%
Equity investments in real estate	$ 12,920		$ 13,940
CWI operating partnership
Investments in Programs
Equity method investment, ownership percentage	0.015%		0.015%
Equity investments in real estate	$ 0		$ 0
CWI 2
Investments in Programs
Equity method investment, ownership percentage	0.63%		0.00%
Equity investments in real estate	$ 523		$ 0
CWI 2 operating partnership
Investments in Programs
Equity method investment, ownership percentage	0.015%	0.015%	0.00%
Equity investments in real estate	$ 300		$ 0
Carey Credit Income Fund
Investments in Programs
Equity method investment, ownership percentage	50.00%		50.00%
Equity investments in real estate	$ 24,158		$ 25,000
Managed Programs
Investments in Programs
Equity investments in real estate	$ 132,910		$ 121,362

Equity Investment in Real Est61

Equity Investment in Real Estate and the Managed Programs (Details 3) - Managed Programs - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Equity Method Investment Summarized Financial Information
Real estate, net	$ 6,599,264	$ 5,969,011
Other assets	2,542,255	2,293,065
Total assets	9,141,519	8,262,076
Debt	(4,193,290)	(3,387,795)
Accounts payable, accrued expenses and other liabilities	(592,369)	(496,857)
Total liabilities	(4,785,659)	(3,884,652)
Noncontrolling interests	(262,063)	(170,249)
Stockholders’ equity	$ 4,093,797	$ 4,207,175

Equity Investment in Real Est62

Equity Investment in Real Estate and the Managed Programs (Details 4) - Managed Programs - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Equity Method Investment Summarized Financial Information Income Statement
Revenues	$ 309,805	$ 210,000	$ 840,889	$ 602,122
Expenses	(292,522)	(200,446)	(804,989)	(576,256)
Income from continuing operations	17,283	9,554	35,900	25,866
Net income attributable to the Managed Programs	$ 8,747	$ 2,519	$ 2,365	$ 2,420

Equity Investment in Real Est63

Equity Investment in Real Estate and the Managed Programs (Details 5) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Investments in Programs
Equity investments in real estate	$ 275,883	$ 249,403
CPA: 17 - Global
Investments in Programs
Equity method investment, ownership percentage	2.994%	2.676%
Equity investments in real estate	$ 85,437	$ 79,429
Real Estate Investments
Investments in Programs
Equity investments in real estate	142,973	128,041
Real Estate Investments | Third Party | Beach House JV, LLC
Investments in Programs
Equity investments in real estate	$ 15,105	15,105
Real Estate Investments | CPA: 17 - Global | C1000 Logestiek Vastgoed B.V.
Investments in Programs
Equity method investment, ownership percentage	15.00%
Equity investments in real estate	$ 9,624	11,192
Real Estate Investments | CPA: 17 - Global | Waldaschaff Automotive GmbH and Wagon Automotive Nagold GmbH
Investments in Programs
Equity method investment, ownership percentage	33.00%
Equity investments in real estate	$ 9,733	6,949
Real Estate Investments | CPA: 17 - Global | Wanbishi Archives Co. Ltd.
Investments in Programs
Equity method investment, ownership percentage	3.00%
Equity investments in real estate	$ 330	341
Real Estate Investments | CPA: 17 - Global | The New York Times Company
Investments in Programs
Equity method investment, ownership percentage	45.00%
Equity investments in real estate	$ 71,377	72,476
Real Estate Investments | CPA: 17 - Global | Frontier Spinning Mills, Inc.
Investments in Programs
Equity method investment, ownership percentage	40.00%
Equity investments in real estate	$ 24,199	15,609
Real Estate Investments | CPA: 17 - Global | Actebis Peacock GmbH
Investments in Programs
Equity method investment, ownership percentage	30.00%
Equity investments in real estate	$ 12,605	$ 6,369

Goodwill and Other Intangible64

Goodwill and Other Intangibles (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Finite-Lived Intangible Assets, Net
Amortization of intangible assets	$ 50.1	$ 42.6	$ 136.4	$ 132.1
Maximum
Finite-Lived Intangible Assets, Net
Finite lived intangible assets useful life			43 years
Maximum | Below-market ground lease
Finite-Lived Intangible Assets, Net
Finite lived intangible assets useful life			99 years
Minimum
Finite-Lived Intangible Assets, Net
Finite lived intangible assets useful life			1 year

Goodwill and Other Intangible65

Goodwill and Other Intangibles (Details 1) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Acquired Finite Lived Intangible Assets Liabilities
Acquired finite-lived intangible asset, acquisition	$ 106,928
Below-market rent
Acquired Finite Lived Intangible Assets Liabilities
Acquired finite lived intangible liabilities weighted average useful life	14 years 7 months 6 days
Acquired finite-lived intangible liability, acquisition	$ (6,492)
In-place lease
Acquired Finite Lived Intangible Assets Liabilities
Acquired intangible assets weighted-average life	12 years 10 months 24 days
Acquired finite-lived intangible asset, acquisition	$ 70,411
Above-market rent
Acquired Finite Lived Intangible Assets Liabilities
Acquired intangible assets weighted-average life	15 years 1 month 6 days
Acquired finite-lived intangible asset, acquisition	$ 29,554
Below-market ground lease
Acquired Finite Lived Intangible Assets Liabilities
Acquired intangible assets weighted-average life	73 years 4 months 24 days
Acquired finite-lived intangible asset, acquisition	$ 6,963

Goodwill and Other Intangible66

Goodwill and Other Intangibles (Details 2) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Goodwill
Balance - beginning of period	$ 692,415
Foreign currency translation adjustments and other	(8,330)
Acquisition of investment accounted for as business combination	1,704
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale	(1,213)
Balance - end of period	684,576
Real Estate Ownership
Goodwill
Balance - beginning of period	628,808
Foreign currency translation adjustments and other	(8,330)
Acquisition of investment accounted for as business combination	1,704
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale	(1,213)
Balance - end of period	620,969
Investment Management
Goodwill
Balance - beginning of period	63,607
Foreign currency translation adjustments and other	0
Acquisition of investment accounted for as business combination	0
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale	0
Balance - end of period	$ 63,607

Goodwill and Other Intangible67

Goodwill and Other Intangibles (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Amortizable Intangible Assets
Less: accumulated amortization	$ (475,032)	$ (341,672)
Indefinite Lived Intangible Assets Including Goodwill
Indefinite-lived intangible assets	688,551	696,390
Total intangible assets, gross	2,624,661	2,589,572
Total intangible assets, net	2,149,629	2,247,900
Amortizable Intangible Liabilities
Finite-lived intangible liabilities, gross	(184,926)	(182,542)
Less: accumulated amortization	35,990	24,183
Net amortizable intangible liabilities	(148,936)	(158,359)
Indefinite Lived Intangible Liabilities
Total intangible liabilities, gross	(201,637)	(199,253)
Total intangible liabilities, net	(165,647)	(175,070)
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	(171,809)	(169,231)
Less: accumulated amortization	34,371	23,039
Net amortizable intangible liabilities	(137,438)	(146,192)
Above-market ground lease
Amortizable Intangible Liabilities
Finite-lived intangible liabilities, gross	(13,117)	(13,311)
Less: accumulated amortization	1,619	1,144
Net amortizable intangible liabilities	(11,498)	(12,167)
Goodwill
Indefinite Lived Intangible Assets Including Goodwill
Indefinite-lived intangible assets	684,576	692,415
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	51,798	50,349
Less: accumulated amortization	(34,294)	(32,791)
Amortizable intangible assets	17,504	17,558
Management contracts
Amortizable Intangible Assets
Finite lived intangible assets, gross	32,765	32,765
Less: accumulated amortization	(32,765)	(32,765)
Amortizable intangible assets	0	0
Internal-use software development costs
Amortizable Intangible Assets
Finite lived intangible assets, gross	19,033	17,584
Less: accumulated amortization	(1,529)	(26)
Amortizable intangible assets	17,504	17,558
Lease intangibles
Amortizable Intangible Assets
Finite lived intangible assets, gross	1,884,312	1,842,833
Less: accumulated amortization	(440,738)	(308,881)
Amortizable intangible assets	1,443,574	1,533,952
In-place lease and tenant relationship
Amortizable Intangible Assets
Finite lived intangible assets, gross	1,206,398	1,185,692
Less: accumulated amortization	(277,436)	(191,873)
Amortizable intangible assets	928,962	993,819
Above-market rent
Amortizable Intangible Assets
Finite lived intangible assets, gross	655,288	639,370
Less: accumulated amortization	(162,534)	(116,573)
Amortizable intangible assets	492,754	522,797
Below-market ground lease
Amortizable Intangible Assets
Finite lived intangible assets, gross	22,626	17,771
Less: accumulated amortization	(768)	(435)
Amortizable intangible assets	$ 21,858	$ 17,336

Goodwill and Other Intangible68

Goodwill and Other Intangibles (Details 4) $ in Thousands	Sep. 30, 2015USD ($)
Net
2015 (remainder)	$ 41,995
2,016	165,497
2,017	159,495
2,018	147,070
2,019	137,629
Thereafter	660,456
Total	1,312,142
Net Decrease in Lease Revenues
Net
2015 (remainder)	13,705
2,016	53,226
2,017	50,578
2,018	47,388
2,019	43,454
Thereafter	146,965
Total	355,316
Increase to Amortization/ Property Expenses
Net
2015 (remainder)	28,290
2,016	112,271
2,017	108,917
2,018	99,682
2,019	94,175
Thereafter	513,491
Total	$ 956,826

Fair Value Measurements (Narrat

Fair Value Measurements (Narratives) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)property	Sep. 30, 2014USD ($)property	Sep. 30, 2015USD ($)property	Sep. 30, 2014USD ($)property
Fair value inputs
Number of real estate properties | property	854		854
CPA: 16 - Global | Maximum
Fair value inputs
Discount rate			15.75%
Gen and admin to assets ratio			0.45%
CPA: 16 - Global | Minimum
Fair value inputs
Discount rate			12.75%
Gen and admin to assets ratio			0.35%
Redeemable noncontrolling interest | Maximum
Fair value inputs
Lack of marketability			20.00%
Discount rate			16.00%
Revenue multiple			8.8
EBITDA multiple			18.8
Termination multiple			7.5
Redeemable noncontrolling interest | Minimum
Fair value inputs
Lack of marketability			10.00%
Discount rate			14.00%
Revenue multiple			1.1
EBITDA multiple			3.2
Termination multiple			5.5
Deferred acquisition fees receivable
Fair value inputs
Illiquidity Adjustment			0.75%
Deferred acquisition fees receivable | Maximum
Fair value inputs
Leverage adjusted unsecured spread			2.13%
Deferred acquisition fees receivable | Minimum
Fair value inputs
Leverage adjusted unsecured spread			2.03%
Fair Value, Measurements, Nonrecurring | Level 3
Fair value inputs
Impairment charges on properties	$ 19,438	$ 4,225	$ 22,711	$ 7,026
Fair Value, Measurements, Nonrecurring | Level 3 | Real Estate
Fair value inputs
Impairment charges on properties	$ 19,438	$ 3,472	$ 22,711	$ 5,538
Number of real estate properties | property	4	11	4	11
Fair Value, Measurements, Nonrecurring | Level 3 | Net investments in direct financing lease
Fair value inputs
Impairment charges on properties	$ 0	$ 753	$ 0	$ 753
Fair Value, Measurements, Nonrecurring | Level 3 | Equity method investments
Fair value inputs
Impairment charges on properties			0	$ 735
Two properties | Fair Value, Measurements, Nonrecurring | Level 3 | Real Estate
Fair value inputs
Impairment charges on properties	$ 3,800		$ 3,300
Number of real estate properties | property	2		2
Reduced estimated holdings | Fair Value, Measurements, Nonrecurring | Level 3 | Real Estate
Fair value inputs
Impairment charges on properties	$ 8,700
Building | Fair Value, Measurements, Nonrecurring | Level 3 | Real Estate
Fair value inputs
Impairment charges on properties	$ 6,900
Six properties and vacant land | Fair Value, Measurements, Nonrecurring | Level 3 | Real Estate
Fair value inputs
Number of real estate properties | property	6		6
Cash flows | Reduced estimated holdings | Fair Value, Measurements, Nonrecurring | Level 3 | Real Estate
Fair value inputs
Discount rate	9.25%
Residual discount rate | Reduced estimated holdings | Fair Value, Measurements, Nonrecurring | Level 3 | Real Estate
Fair value inputs
Discount rate	9.75%
Residual capitalization rates | Reduced estimated holdings | Fair Value, Measurements, Nonrecurring | Level 3 | Real Estate
Fair value inputs
Discount rate	8.50%

Fair Value Measurements (Detail

Fair Value Measurements (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Level 3 | Carrying Value
Liabilities:
Non-recourse debt	$ 2,412,612	$ 2,532,683
Level 3 | Fair Value
Liabilities:
Non-recourse debt	2,436,124	2,574,437
Level 3 | Notes receivable from affiliates | Carrying Value
Assets:
Receivable, fair value	106,005	0
Level 3 | Notes receivable from affiliates | Fair Value
Assets:
Receivable, fair value	106,005	0
Level 3 | Notes Receivable | Carrying Value
Assets:
Receivable, fair value	10,756	20,848
Level 3 | Notes Receivable | Fair Value
Assets:
Receivable, fair value	9,254	19,604
Level 3 | Deferred acquisition fees receivable | Carrying Value
Assets:
Receivable, fair value	28,382	26,913
Level 3 | Deferred acquisition fees receivable | Fair Value
Assets:
Receivable, fair value	28,023	28,027
Level 2 | Senior Unsecured Notes | Carrying Value
Liabilities:
Non-recourse debt	1,502,007	498,345
Level 2 | Senior Unsecured Notes | Fair Value
Liabilities:
Non-recourse debt	1,465,694	527,029
Level 2 | Senior Unsecured Credit Facility | Carrying Value
Liabilities:
Lines of Credit, Fair Value Disclosure	685,489	1,057,518
Level 2 | Senior Unsecured Credit Facility | Fair Value
Liabilities:
Lines of Credit, Fair Value Disclosure	$ 685,489	$ 1,057,519

Fair Value Measurements (Deta71

Fair Value Measurements (Details 2) - Fair Value, Measurements, Nonrecurring - Level 3 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Impairment Disclosure
Impairment charges on properties	$ 19,438	$ 4,225	$ 22,711	$ 7,026
Real Estate
Impairment Disclosure
Total fair value measurements	46,608	6,665	52,684	6,665
Impairment charges on properties	19,438	3,472	22,711	5,538
Net investments in direct financing lease
Impairment Disclosure
Total fair value measurements	0	3,157	0	3,157
Impairment charges on properties	$ 0	$ 753	0	753
Equity investments in real estate
Impairment Disclosure
Total fair value measurements			0	0
Impairment charges on properties			$ 0	$ 735

Risk Management and Use of De72

Risk Management and Use of Derivative Financial Instruments (Narratives) (Details) $ in Thousands, € in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015EUR (€)	Dec. 31, 2014USD ($)	Dec. 31, 2014EUR (€)
Footnote Details
Derivatives in liability position	$ 10,377		$ 10,377			$ 13,156
Stock warrants, fair value	48,968		48,968			20,348
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	6,415	$ 16,075	25,997	$ 11,321
Summary of Derivative Instruments
Total credit exposure on derivatives	41,000		41,000
Derivatives, net liability position	11,500		11,500			14,200
Aggregate termination value for immediate settlement	11,800		11,800			14,500
Senior Unsecured Credit Facility - Revolver	435,489		435,489			$ 807,518
Individual Counterparty
Summary of Derivative Instruments
Total credit exposure on derivatives	28,200		28,200
Interest expense
Summary of Derivative Instruments
Estimated amount reclassified from OCI to income, derivatives			2,200
Other Income
Summary of Derivative Instruments
Estimated amount reclassified from OCI to income, derivatives			7,300
Cash Flow Hedging
Footnote Details
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	970	(324)	3,838	(2,511)
Cash Flow Hedging | Interest rate caps
Footnote Details
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	2	14	3	(7)
Equity method investments | Cash Flow Hedging
Footnote Details
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 100	100	$ 900	300
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		$ 100		$ 400
Euro | Cash Flow Hedging | Interest rate caps
Footnote Details
Derivative instrument, interest rate	0.90%		0.90%		0.90%
Derivative, Cap Interest Rate	3.00%		3.00%		3.00%
Revolving Credit Facility
Summary of Derivative Instruments
Senior Unsecured Credit Facility - Revolver	$ 685,500		$ 685,500
Revolving Credit Facility | Euro
Summary of Derivative Instruments
Senior Unsecured Credit Facility - Revolver	$ 330,500		$ 330,500		€ 295		€ 345
Revolving Credit Facility | GBP
Summary of Derivative Instruments
Senior Unsecured Credit Facility - Revolver | €							€ 40
2.0% Senior Euro Notes
Summary of Derivative Instruments
Principal Amount | €					€ 500

Risk Management and Use of De73

Risk Management and Use of Derivative Financial Instruments (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value
Asset Derivatives Fair Value at	$ 48,968	$ 20,348
Liability Derivatives Fair Value at	(10,377)	(13,156)
Interest rate caps | Designated as Hedging Instrument | Other assets
Derivatives, Fair Value
Asset Derivatives Fair Value at	0	3
Stock warrants | Not Designated as Hedging Instrument | Other assets
Derivatives, Fair Value
Asset Derivatives Fair Value at	3,886	3,753
Foreign currency contracts | Designated as Hedging Instrument
Derivatives, Fair Value
Liability Derivatives Fair Value at	0
Foreign currency contracts | Designated as Hedging Instrument | Other assets
Derivatives, Fair Value
Asset Derivatives Fair Value at	40,539	16,307
Foreign currency collars | Designated as Hedging Instrument
Derivatives, Fair Value
Liability Derivatives Fair Value at	0
Foreign currency collars | Designated as Hedging Instrument | Other assets
Derivatives, Fair Value
Asset Derivatives Fair Value at	4,543	0
Foreign currency collars | Designated as Hedging Instrument | Accounts payable, accrued expenses and other liabilities
Derivatives, Fair Value
Liability Derivatives Fair Value at	(257)
Interest rate swap | Designated as Hedging Instrument | Other assets
Derivatives, Fair Value
Asset Derivatives Fair Value at	0	285
Interest rate swap | Designated as Hedging Instrument | Accounts payable, accrued expenses and other liabilities
Derivatives, Fair Value
Liability Derivatives Fair Value at	(6,352)	(5,660)
Interest rate swap | Not Designated as Hedging Instrument | Accounts payable, accrued expenses and other liabilities
Derivatives, Fair Value
Liability Derivatives Fair Value at	$ (3,768)	$ (7,496)

Risk Management and Use of De74

Risk Management and Use of Derivative Financial Instruments (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss) Activity
Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income on Derivatives (Effective Portion)	$ 6,415	$ 16,075	$ 25,997	$ 11,321
Derivatives in Cash Flow Hedging Relationships | Interest rate swap
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss) Activity
Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income on Derivatives (Effective Portion)	(1,776)	689	(1,620)	(928)
Derivatives in Cash Flow Hedging Relationships | Interest rate caps
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss) Activity
Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income on Derivatives (Effective Portion)	2	14	3	(7)
Derivatives in Cash Flow Hedging Relationships | Foreign currency contracts
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss) Activity
Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income on Derivatives (Effective Portion)	1,056	15,372	15,109	12,256
Derivatives in Cash Flow Hedging Relationships | Foreign currency collars
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss) Activity
Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income on Derivatives (Effective Portion)	2,028	0	4,094	0
Derivatives in Net Investment Hedging Relationships | Foreign currency contracts
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss) Activity
Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income on Derivatives (Effective Portion)	$ 5,105	$ 0	$ 8,411	$ 0

Risk Management and Use of De75

Risk Management and Use of Derivative Financial Instruments (Details 3) - Derivatives in Cash Flow Hedging Relationships - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
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	$ 970	$ (324)	$ 3,838	$ (2,511)
Interest rate swaps and caps | Interest expense
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	(672)	(661)	(1,890)	(2,024)
Foreign currency contracts | Other income and (expenses)
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	1,642	337	5,371	(487)
Foreign currency collars | Other income and (expenses)
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	$ 0	$ 0	$ 357	$ 0

Risk Management and Use of De76

Risk Management and Use of Derivative Financial Instruments (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of Gain (Loss) on Derivatives Recognized in Income	$ 1,552	$ 1,275	$ 3,789	$ 2,126
Not Designated as Hedging Instrument | Interest rate swap | Interest expense
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of Gain (Loss) on Derivatives Recognized in Income	1,013	1,007	3,097	1,992
Not Designated as Hedging Instrument | Foreign currency collars | Other income and (expenses)
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of Gain (Loss) on Derivatives Recognized in Income	238	0	243	0
Not Designated as Hedging Instrument | Stock warrants | Other income and (expenses)
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of Gain (Loss) on Derivatives Recognized in Income	0	268	134	134
Not Designated as Hedging Instrument | Foreign currency contracts | Other income and (expenses)
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of Gain (Loss) on Derivatives Recognized in Income	52	0	(296)	0
Cash Flow Hedging | Interest rate swap | Interest expense
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of Gain (Loss) on Derivatives Recognized in Income	140	0	476	0
Cash Flow Hedging | Foreign currency collars | Other income and (expenses)
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of Gain (Loss) on Derivatives Recognized in Income	41	0	64	0
Cash Flow Hedging | Foreign currency contracts | Other income and (expenses)
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of Gain (Loss) on Derivatives Recognized in Income	$ 68	$ 0	$ 71	$ 0

Risk Management and Use of De77

Risk Management and Use of Derivative Financial Instruments (Details 5) € in Thousands, $ in Thousands	Sep. 30, 2015USD ($)instrument	Sep. 30, 2015EUR (€)instrument
Derivative Disclosure
Fair value	$ (10,120)
Not Designated as Hedging Instrument | Interest rate swap | USD
Derivative Disclosure
Derivative number of instruments | instrument	1	1
Notional Amount	$ 3,160
Fair value	$ (16)
Not Designated as Hedging Instrument | Interest rate swap | Euro
Derivative Disclosure
Derivative number of instruments | instrument	3	3
Notional Amount | €		€ 105,442
Fair value	$ (3,752)
Cash Flow Hedging | Interest rate swap | USD
Derivative Disclosure
Derivative number of instruments | instrument	13	13
Notional Amount	$ 123,141
Fair value	$ (5,673)
Cash Flow Hedging | Interest rate swap | Euro
Derivative Disclosure
Derivative number of instruments | instrument	1	1
Notional Amount | €		€ 6,035
Fair value	$ (679)
Cash Flow Hedging | Interest rate caps | Euro
Derivative Disclosure
Derivative number of instruments | instrument	1	1
Notional Amount | €		€ 42,554
Fair value	$ 0

Risk Management and Use of De78

Risk Management and Use of Derivative Financial Instruments (Details 6) € in Thousands, £ in Thousands, AUD in Thousands, $ in Thousands	Sep. 30, 2015USD ($)instrument	Sep. 30, 2015GBP (£)instrument	Sep. 30, 2015EUR (€)instrument	Sep. 30, 2015AUDinstrument
Derivative Disclosure
Fair value, foreign currency derivatives	$ 44,825
Cash Flow Hedging | Forward contracts | Euro
Derivative Disclosure
Derivative number of instruments | instrument	56	56	56	56
Notional Amount | €			€ 134,974
Fair value, foreign currency derivatives	$ 26,092
Cash Flow Hedging | Forward contracts | GBP
Derivative Disclosure
Derivative number of instruments | instrument	13	13	13	13
Notional Amount | £		£ 6,960
Fair value, foreign currency derivatives	$ 392
Cash Flow Hedging | Forward contracts | AUD
Derivative Disclosure
Derivative number of instruments | instrument	17	17	17	17
Notional Amount | AUD				AUD 21,502
Fair value, foreign currency derivatives	$ 3,079
Cash Flow Hedging | Foreign currency collars | Euro
Derivative Disclosure
Derivative number of instruments | instrument	23	23	23	23
Notional Amount | €			€ 92,375
Fair value, foreign currency derivatives	$ 2,426
Cash Flow Hedging | Foreign currency collars | GBP
Derivative Disclosure
Derivative number of instruments | instrument	24	24	24	24
Notional Amount | £		£ 50,750
Fair value, foreign currency derivatives	$ 1,860
Derivatives in Net Investment Hedging Relationships | Forward contracts | AUD
Derivative Disclosure
Derivative number of instruments | instrument	5	5	5	5
Notional Amount | AUD				AUD 84,522
Fair value, foreign currency derivatives	$ 10,976

Debt (Narratives) (Details)

Debt (Narratives) (Details) € in Millions	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2015EUR (€)	Jan. 15, 2015USD ($)	Dec. 31, 2014EUR (€)
Line of Credit Facility [Line Items]
Debt instrument, covenant compliance				We were in compliance with all of these covenants at September 30, 2015 .
Revolving Line Of Credit
Senior Unsecured Credit Facility - Revolver		$ 435,489,000		$ 435,489,000		$ 807,518,000
2,018		704,286,000		704,286,000
Senior Unsecured Notes
Unamortized discount (premium)		3,048,000		3,048,000
Non Recourse Debt
Collateral mortgage loan, carrying value		3,200,000,000		$ 3,200,000,000		$ 3,300,000,000
Debt instrument maturity date, range start				Oct. 31, 2015
Debt instrument maturity date, range end				Oct. 31, 2038
Decrease in value of balance sheet item due to foreign currency translation		37,138,000	$ 55,096,000	$ 103,127,000	$ 52,140,000
Fixed interest rate
Non Recourse Debt
Mortgage loan on real estate, minimum interest rate				2.00%
Mortgage loan on real estate, maximum interest rate				7.80%
Variable interest rate
Non Recourse Debt
Mortgage loan on real estate, minimum interest rate				0.90%
Mortgage loan on real estate, maximum interest rate				8.80%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit facility, maturity date						Jan. 31, 2018
Revolving Line Of Credit
Line of credit, maximum borrowing amount		1,500,000,000		$ 1,500,000,000		$ 1,000,000,000
Senior Unsecured Credit Facility - Revolver		685,500,000		685,500,000
Letters of Credit Outstanding, Amount		1,100,000		$ 1,100,000
Line of credit, amount available in foreign currency						500,000,000		$ 750,000,000
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%
Line of credit facility, available		1,100,000,000		$ 1,100,000,000
Debt instrument, basis spread on variable rate				1.10%
2,018		435,500,000		$ 435,500,000
Revolving Credit Facility | Euro
Revolving Line Of Credit
Senior Unsecured Credit Facility - Revolver		330,500,000		330,500,000			€ 295		€ 345
Revolving Credit Facility | USD
Revolving Line Of Credit
Senior Unsecured Credit Facility - Revolver		105,000,000		$ 105,000,000
Revolving Credit Facility | Standard & Poor's, BBB Rating
Senior Unsecured Notes
Debt instrument, credit rating				BBB
Revolving Credit Facility | Moody's, Baa2 Rating
Senior Unsecured Notes
Debt instrument, credit rating				Baa2
Term Loan Facility
Line of Credit Facility [Line Items]
Credit facility, maturity date						Jan. 31, 2016
Revolving Line Of Credit
Line of credit, maximum borrowing amount						$ 250,000,000
Senior Unsecured Credit Facility - Revolver		250,000,000		$ 250,000,000
Debt instrument, basis spread on variable rate				1.25%
Senior Unsecured Notes
Line of Credit Facility [Line Items]
Debt financing cost				$ 7,800,000	$ 4,200,000
Senior Unsecured Notes
Principal Amount		1,500,000,000		1,500,000,000
Unamortized discount (premium)		8,100,000		8,100,000
Non-Recourse Debt
Non Recourse Debt
Decrease in value of balance sheet item due to foreign currency translation				116,900,000
Merged Entities
Senior Unsecured Notes
Unamortized discount (premium)		(5,100,000)		(5,100,000)
Accordion | Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt financing cost	$ 3,100,000
Revolving Line Of Credit
Line of credit, maximum borrowing amount		$ 2,000,000,000		$ 2,000,000,000				2,250,000,000
Senior Unsecured Credit Facility - Revolver								$ 500,000,000
2.0% Senior Euro Notes
Revolving Line Of Credit
Debt instrument, basis spread on variable rate				0.30%
Senior Unsecured Notes
Principal Amount | €							€ 500
Percentage of par value received for debt issued		99.22%		99.22%			99.22%
Effective Interest Rate		2.107%		2.107%			2.107%
Maturity Date				Jan. 20, 2023
4.0% Senior Notes (a)
Revolving Line Of Credit
Debt instrument, basis spread on variable rate				0.35%
Senior Unsecured Notes
Principal Amount		$ 450,000,000		$ 450,000,000
Percentage of par value received for debt issued		99.372%		99.372%			99.372%
Effective Interest Rate		4.077%		4.077%			4.077%
Maturity Date				Feb. 1, 2025

Debt (Details 1)

Debt (Details 1) € in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015EUR (€)
4.6% Senior Notes
Senior Unsecured Notes
Issue Date	Mar. 14, 2014
Principal Amount	$ 500
Price of Par Value	99.639%	99.639%
Discount	$ 1.8
Effective Interest Rate	4.645%	4.645%
Coupon Rate	4.60%
Maturity Date	Apr. 1, 2024
2.0% Senior Euro Notes (a)
Senior Unsecured Notes
Issue Date	Jan. 21, 2015
Principal Amount | €		€ 500
Price of Par Value	99.22%	99.22%
Discount	$ 4.6
Effective Interest Rate	2.107%	2.107%
Coupon Rate	2.00%
Maturity Date	Jan. 20, 2023
4.0% Senior Notes (a)
Senior Unsecured Notes
Issue Date	Jan. 26, 2015
Principal Amount	$ 450
Price of Par Value	99.372%	99.372%
Discount	$ 2.8
Effective Interest Rate	4.077%	4.077%
Coupon Rate	4.00%
Maturity Date	Feb. 1, 2025

Debt (Details 2)

Debt (Details 2) $ in Thousands	Sep. 30, 2015USD ($)
Long-term Debt, by Maturity
2015 (remainder)	$ 167,413
2,016	583,195
2,017	722,388
2,018	704,286
2,019	99,128
Thereafter through 2038 (d)	2,326,746
Long term debt before unamortized discount	4,603,156
Unamortized discount, net (e)	(3,048)
Total scheduled debt principal payments	$ 4,600,108

Stock-Based Compensation and 82

Stock-Based Compensation and Equity (Narratives) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 03, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award
Common stock maximum offering, value					$ 400,000
Risk free interest rate			1.00%
Fair value assumptions expected volatility rate			20.20%
Fair value assumptions expected volatility rate peer index			13.50%
Fair value assumptions expected dividend rate			0.00%
Deferred Compensation Arrangement with Individual, Common Stock Reserved for Future Issuance	1,430,900		1,430,900			848,788
Fair value of vested stock			$ 57,700
Deferred compensation obligation	$ 57,395		57,395			$ 30,624
Unrecognized stock based compensation expense	$ 24,500		$ 24,500
Weighted-average remaining term			1 year 9 months 14 days
Options exercised in period			135,649
Options exercised during the period, aggregate intrinsic value			$ 4,600
Stock options outstanding	337,130		337,130
Stock options exercisable	300,136		300,136
Distributions Declared
Distributions declared	$ 0.9550	$ 0.9400	$ 2.8615	$ 2.7350
Dividend payable date	Oct. 15, 2015
Distributions payable	$ 101,645		$ 101,645			100,078
Redeemable Noncontrolling Interest
Redeemable noncontrolling interest	14,622		14,622			6,071
Officers | WPCI
Redeemable Noncontrolling Interest
Minority interest ownership interest		7.70%		7.70%
Redeemable noncontrolling interest
Redeemable Noncontrolling Interest
Redeemable noncontrolling interest	$ 14,622	$ 6,346	$ 14,622	$ 6,346		$ 6,071	$ 7,436

Stock-Based Compensation and 83

Stock-Based Compensation and Equity (Details 1)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
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 | shares	442,502
Granted - shares | shares	189,893
Vested - shares | shares	(264,628)
Forfeited - shares | shares	(10,391)
Adjustments - shares | shares	0
Nonvested, ending balance - shares | shares	357,376
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)	$ 53.03
Granted, weighted average grant date fair value (in dollars per share)	69.92
Vested, weighted average grant date fair value (in dollars per share)	49.23
Forfeited, weighted average grant date fair value (in dollars per share)	66.56
Adjustments, weighted average grant date fair value (in dollars per share)	0
Nonvested, weighted average grant date fair value (in dollars per share)	$ 64.43
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 | shares	877,641
Granted - shares | shares	65,277
Vested - shares | shares	(792,465)
Forfeited - shares | shares	0
Adjustments - shares | shares	171,419
Nonvested, ending balance - shares | shares	321,872
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)	$ 32.06
Granted, weighted average grant date fair value (in dollars per share)	85.61
Vested, weighted average grant date fair value (in dollars per share)	56.27
Forfeited, weighted average grant date fair value (in dollars per share)	0
Adjustments, weighted average grant date fair value (in dollars per share)	48.98
Nonvested, weighted average grant date fair value (in dollars per share)	$ 55.26

Stock-Based Compensation and 84

Stock-Based Compensation and Equity (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share
Net income attributable to W. P. Carey	$ 21,745	$ 27,337	$ 121,209	$ 207,554
Allocation of distribution equivalents paid on nonvested RSUs and RSAs in excess of income	(73)	(113)	(408)	(855)
Net Income - basic	21,672	27,224	120,801	206,699
Income effect of dilutive securities, net of taxes	0	(8)	0	74
Net Income - diluted	$ 21,672	$ 27,216	$ 120,801	$ 206,773
Weighted average shares outstanding - basic	105,813,237	100,282,082	105,627,423	96,690,675
Effect of dilutive securities	523,803	848,366	830,072	1,038,306
Weighted average shares outstanding - diluted	106,337,040	101,130,448	106,457,495	97,728,981
Anti-dilutive shares			0	0

Stock-Based Compensation and 85

Stock-Based Compensation and Equity (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Redeemable Noncontrolling Interest, Equity, Carrying Amount
Balance - beginning of period			$ 6,071
Net income	$ 0	$ (14)	0	$ 137
Distributions			(10,116)	(15,270)
Change in other comprehensive income	0	(32)	0	(5)
Balance - end of period	14,622		14,622
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest, Equity, Carrying Amount
Balance - beginning of period			6,071	7,436
Redemption value adjustment			8,551	(306)
Net income			0	137
Distributions			0	(926)
Change in other comprehensive income			0	5
Balance - end of period	$ 14,622	$ 6,346	$ 14,622	$ 6,346

Stock-Based Compensation and 86

Stock-Based Compensation and Equity (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Transfers to Noncontrolling Interest
Net income attributable to W. P. Carey	$ 21,745	$ 27,337	$ 121,209	$ 207,554
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			0	(41,374)
Net transfers to noncontrolling interest			0	(41,374)
Change from net income attributable to W. P. Carey and transfers to noncontrolling interest			$ 121,209	$ 166,180

Stock-Based Compensation and 87

Stock-Based Compensation and Equity (Details 5) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reconciliation Of Accumulated Comprehensive Income
Balance - beginning of period	$ (120,777)	$ 14,215	$ (75,559)	$ 15,336
Other comprehensive income (loss) before reclassifications	(34,879)	(39,383)	(80,787)	(43,444)
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	(970)	426	(3,838)	2,891
Net current period other comprehensive income (loss)	(35,849)	(38,957)	(84,625)	(40,553)
Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	(43)	3,471	3,515	3,946
Balance - end of period	(156,669)	(21,271)	(156,669)	(21,271)
Interest expense
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	672	661	1,890	2,024
Other income and (expenses)
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	(1,642)	(337)	(5,728)	487
Equity in earnings of equity method investments in the Managed Programs and real estate
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)		102		380
Gains and Losses on Derivative Instruments
Reconciliation Of Accumulated Comprehensive Income
Balance - beginning of period	30,796	(12,052)	13,597	(7,488)
Other comprehensive income (loss) before reclassifications	2,259	15,725	22,326	8,696
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	(970)	426	(3,838)	2,891
Net current period other comprehensive income (loss)	1,289	16,151	18,488	11,587
Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	0	0	0	0
Balance - end of period	32,085	4,099	32,085	4,099
Gains and Losses on Derivative Instruments | Interest expense
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	672	661	1,890	2,024
Gains and Losses on Derivative Instruments | Other income and (expenses)
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	(1,642)	(337)	(5,728)	487
Gains and Losses on Derivative Instruments | Equity in earnings of equity method investments in the Managed Programs and real estate
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)		102		380
Foreign Currency Translation Adjustments
Reconciliation Of Accumulated Comprehensive Income
Balance - beginning of period	(151,608)	26,224	(89,177)	22,793
Other comprehensive income (loss) before reclassifications	(37,138)	(55,096)	(103,127)	(52,140)
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Net current period other comprehensive income (loss)	(37,138)	(55,096)	(103,127)	(52,140)
Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	(43)	3,471	3,515	3,946
Balance - end of period	(188,789)	(25,401)	(188,789)	(25,401)
Foreign Currency Translation Adjustments | Interest expense
Amounts reclassified from accumulated other comprehensive income (loss) 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 (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Foreign Currency Translation Adjustments | Equity in earnings of equity method investments in the Managed Programs and real estate
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)		0		0
Gains and Losses on Marketable Securities
Reconciliation Of Accumulated Comprehensive Income
Balance - beginning of period	35	43	21	31
Other comprehensive income (loss) before reclassifications	0	(12)	14	0
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Net current period other comprehensive income (loss)	0	(12)	14	0
Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	0	0	0	0
Balance - end of period	35	31	35	31
Gains and Losses on Marketable Securities | Interest expense
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Gains and Losses on Marketable Securities | Other income and (expenses)
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)	$ 0	0	$ 0	0
Gains and Losses on Marketable Securities | Equity in earnings of equity method investments in the Managed Programs and real estate
Amounts reclassified from accumulated other comprehensive income (loss) to:
Amount reclassified from accumulated other comprehensive income (loss)		$ 0		$ 0

Income Taxes (Narratives) (Deta

Income Taxes (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Current income tax expense	$ 4.8	$ 1.7	$ 24.9	$ 24.1
Deferred tax assets	41.8	25.2	41.8	25.2
Deferred tax assets, valuation allowance	(23.8)	(23.5)	(23.8)	(23.5)
Deferred tax liabilities	87.6	96.4	87.6	96.4
Deferred income tax benefit	$ 1.4	$ 0.8	$ 4.5	$ 13

Property Dispositions and Dis89

Property Dispositions and Discontinued Operations (Narratives) (Details) $ in Thousands	1 Months Ended		3 Months Ended		9 Months Ended		21 Months Ended
	Jul. 31, 2015USD ($)	Feb. 28, 2014USD ($)	Sep. 30, 2015USD ($)property	Sep. 30, 2014USD ($)property	Sep. 30, 2015USD ($)property	Sep. 30, 2014USD ($)property	Sep. 30, 2014USD ($)property	Dec. 31, 2014USD ($)property	Mar. 31, 2014USD ($)	Jan. 31, 2014USD ($)property	Dec. 31, 2013property
Discontinued Operation Additional Disclosures
Revenues			$ 214,666	$ 197,006	$ 673,132	$ 659,616
Net Income attributable to W. P. Carey			21,745	27,337	121,209	207,554
Gain (loss) on sale of real estate, net of tax			1,779	260	2,980	(3,482)
Assets held for sale			$ 4,863		4,863			$ 7,255
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale					$ 1,213
Number of real estate properties | property			854		854
Contract selling price					$ 5,000
Assets held-for-sale
Discontinued Operation Additional Disclosures
Number of properties held for sale | property			2		2
Number of real estate properties | property								4
Land
Discontinued Operation Additional Disclosures
Gain (loss) on sale of real estate, net of tax							$ 300
Proceeds from sale of land							$ 400
Assets held-for-sale | CPA: 16 - Global
Discontinued Operation Additional Disclosures
Financing cost									$ 15,000
Continuing Operations
Discontinued Operation Additional Disclosures
Gain (loss) on sale of real estate, net of tax		$ 100
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale					$ 1,100
Proceeds from sale of foreclosed assets		4,600
Mortgage loans on real estate, foreclosures		$ 6,000
Continuing Operations | Assets held-for-sale
Discontinued Operation Additional Disclosures
Revenues			$ 100		2,400	6,300
Net Income attributable to W. P. Carey			4,000	$ 200	3,400	1,700
Gain (loss) on sale of real estate, net of tax	$ 600		1,800		3,000	(3,800)
Lease termination income						$ 8,400
Properties sold | property				5		5	5
Proceeds from the sale of properties						$ 40,600
Impairment recognized on asset to be disposed			800		2,700
Gain (Loss) on extinguishment of debt, net of tax			$ 2,300		2,300
Proceeds from sale of foreclosed assets	$ 1,400
Continuing Operations | Assets held-for-sale | 11 Properties
Discontinued Operation Additional Disclosures
Gain (loss) on sale of real estate, net of tax					$ 2,400
Properties sold			11		11
Proceeds from the sale of properties					$ 28,800
Continuing Operations | Manufacturing Facility
Discontinued Operation Additional Disclosures
Contract selling price						5,800
Continuing Operations | Manufacturing Facility | Third Party Purchaser
Discontinued Operation Additional Disclosures
Contract selling price						1,400
Continuing Operations | Manufacturing Facility | Previous Tenant
Discontinued Operation Additional Disclosures
Contract selling price						4,400
Discontinued Operations
Discontinued Operation Additional Disclosures
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale					7,000
Discontinued Operations | Assets held-for-sale
Discontinued Operation Additional Disclosures
Gain (loss) on sale of real estate, net of tax						28,000
Number of properties held for sale | property											9
Proceeds from the sale of properties						116,400
Impairment recognized on asset to be disposed						3,100
Payment of mortgage obligation						11,400
Gain (Loss) on extinguishment of debt, net of tax						100
Discontinued Operations | Assets held-for-sale | CPA: 16 - Global
Discontinued Operation Additional Disclosures
Gain (loss) on sale of real estate, net of tax						(300)
Assets held for sale										$ 133,000
Proceeds from the sale of properties						123,400
Payment of mortgage obligation						18,900
Gain (Loss) on extinguishment of debt, net of tax						(1,200)
Number of real estate properties | property								10		10
Discontinued Operations | Assets held-for-sale | CPA: 16 - Global | Jointly Owned Investments
Discontinued Operation Additional Disclosures
Number of real estate properties | property								5
Real Estate Investments
Discontinued Operation Additional Disclosures
Revenues			$ 181,176	$ 165,273	537,853	477,773
Gain (loss) on sale of real estate, net of tax			$ 1,779	$ 260	2,980	(3,482)
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale					$ 1,213
Real Estate Investments | Discontinued Operations
Discontinued Operation Additional Disclosures
Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale						$ 2,700

Property Dispositions and Dis90

Property Dispositions and Discontinued Operations (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Disposal Group, Including Discontinued Operation, Income Statement Disclosures
Revenues	$ 0	$ 377	$ 0	$ 8,586
Expenses	0	(187)	0	(1,973)
Loss on extinguishment of debt	0	0	0	(1,267)
Gain on sale of real estate	0	0	0	27,672
Income from discontinued operations	$ 0	$ 190	$ 0	$ 33,018

Segment Reporting (Narratives)

Segment Reporting (Narratives) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)segment	Sep. 30, 2014USD ($)
Segment Reporting Information [Line Items]
Number of business segments | segment			2
Merger, property acquisition, and other expenses	$ 4,760	$ 618	$ 12,333	$ 31,369
Segment Reporting Information Profit Loss
Reimbursable tenant and affiliate costs	16,495	20,993	45,810	114,413
Stock-based compensation expense	3,966	7,979	16,063	22,979
Investment Management
Segment Reporting Information Profit Loss
Stock-based compensation expense	$ 2,500	$ 4,300	$ 10,100	13,700
CPA: 16 - Global | Real Estate Ownership
Segment Reporting Information [Line Items]
Merger, property acquisition, and other expenses				$ 30,400

Segment Reporting (Details 1)

Segment Reporting (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information Profit Loss
Revenues	$ 214,666	$ 197,006	$ 673,132	$ 659,616
Operating expenses	(159,066)	(128,174)	(429,926)	(461,143)
Interest expense	(49,683)	(46,534)	(145,325)	(133,342)
Other income and expenses, excluding interest expense	19,243	6,469	48,574	129,113
Provision for income taxes	(3,361)	(901)	(20,352)	(11,175)
Gain (loss) on sale of real estate, net of tax	1,779	260	2,980	(3,482)
Net income attributable to noncontrolling interests	(1,833)	(993)	(7,874)	(4,914)
Net loss (income) attributable to noncontrolling interests of discontinued operations	0	4	0	(174)
Net loss (income) attributable to redeemable noncontrolling interests	0	14	0	(137)
Income from continuing operations attributable to W. P. Carey	21,745	27,151	121,209	174,362
Real Estate Ownership
Segment Reporting Information Profit Loss
Revenues	181,176	165,273	537,853	477,773
Operating expenses	(125,776)	(94,182)	(328,952)	(294,527)
Interest expense	(49,683)	(46,534)	(145,325)	(133,342)
Other income and expenses, excluding interest expense	19,223	6,309	48,175	129,120
Provision for income taxes	(5,247)	(1,872)	(7,820)	(944)
Gain (loss) on sale of real estate, net of tax	1,779	260	2,980	(3,482)
Net income attributable to noncontrolling interests	(1,814)	(757)	(5,871)	(4,470)
Net loss (income) attributable to noncontrolling interests of discontinued operations	0	4	0	(174)
Income from continuing operations attributable to W. P. Carey	19,658	28,501	101,040	169,954
Investment Management
Segment Reporting Information Profit Loss
Revenues	33,490	31,733	135,279	181,843
Operating expenses	(33,290)	(33,992)	(100,974)	(166,616)
Other income and expenses, excluding interest expense	20	160	399	(7)
Provision for income taxes	1,886	971	(12,532)	(10,231)
Net income attributable to noncontrolling interests	(19)	(236)	(2,003)	(444)
Net loss (income) attributable to redeemable noncontrolling interests	0	14	0	(137)
Income from continuing operations attributable to W. P. Carey	$ 2,087	$ (1,350)	$ 20,169	$ 4,408

Segment Reporting (Details 2)

Segment Reporting (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Long-lived assets	$ 6,089,749	$ 5,905,958
Total assets	8,888,428	8,648,479
Real Estate Ownership
Assets
Long-lived assets	6,065,591	5,880,958
Total assets	8,698,765	8,459,406
Investment Management
Assets
Long-lived assets	24,158	25,000
Total assets	$ 189,663	$ 189,073