Corporate Property Associates 16 Global DEF 14A Definitive proxy

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

Schedule 14A Information

Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No.  )

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Check the appropriate box:

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þ Definitive Proxy Statement

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o Soliciting Material Pursuant to §240.14a-12

Corporate Property Associates 16 — Global Incorporated

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

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TABLE OF CONTENTS

May 1, 2007

Notice of Annual Meeting of Shareholders

to be Held Friday, June 15, 2007

Dear CPA^®:16 – Global Shareholder,

On Friday, June 15, 2007, Corporate Property Associates 16 – Global Incorporated (“CPA^®:16 – Global”) will hold its 2007 Annual Meeting of Shareholders at CPA^®:16 – Global’s executive offices, 50 Rockefeller Plaza, New York, New York, 10020. The meeting will begin at 9:30 a.m.

We are holding this annual meeting:

•  To elect six Directors for one year terms expiring in 2008; and

•  To transact such other business as may properly come before the meeting.

THE BOARD OF DIRECTORS OF CPA^®:16 – GLOBAL RECOMMENDS THAT YOU VOTE FOR EACH OF THE NOMINEES FOR ELECTION AS DIRECTOR.

Only shareholders who owned stock at the close of business on April 16, 2007 are entitled to vote at the Annual Meeting or any adjournment or postponement thereof.

CPA^®:16 – Global mailed this Proxy Statement, proxy, and its Annual Report to its shareholders on or about May 1, 2007.

By Order of the Board of Directors

Susan C. Hyde

Managing Director and Secretary

It is important that your shares be represented and voted at the Annual Meeting, whether or not you attend the Annual Meeting. You can vote your shares by marking your votes on the enclosed proxy, signing and dating it and mailing it in the business reply envelope provided. You may also vote by telephone or on the Internet by following the instructions on the enclosed proxy. If you attend the Annual Meeting, you may withdraw your proxy and vote in person.

CORPORATE PROPERTY ASSOCIATES 16 – GLOBAL INCORPORATED

PROXY STATEMENT
MAY 1, 2007

QUESTIONS & ANSWERS

The accompanying proxy is solicited by the Board of Directors of Corporate Property Associates 16 – Global Incorporated, a Maryland corporation, for use at its annual meeting of shareholders (the “Annual Meeting”) to be held on June 15, 2007 at 50 Rockefeller Plaza, New York, New York, 10020 at 9:30 a.m. local time, or any adjournment thereof. As used herein, “CPA^®:16 – Global”, the “Company”, “we” and “us” refer to Corporate Property Associates 16 – Global Incorporated.

No Director has informed us that he or she intends to oppose any action intended to be taken by CPA^®:16 – Global.

Who is entitled to vote at the Annual Meeting?

Shareholders of CPA^®:16 – Global as of the close of business April 16, 2007 (the record date) are entitled to vote at the Annual Meeting or at any postponement or adjournment of the Annual Meeting.

How many shares may vote?

At the close of business on the record date, April 16, 2007, CPA^®:16 – Global had 115,652,517 shares outstanding and entitled to vote. Every shareholder is entitled to one vote for each share held.

How do I vote?

You may vote your shares either by attending the Annual Meeting or by submitting a proxy by mail, by telephone or on the Internet. To vote by proxy, sign and date the enclosed proxy and return it in the enclosed envelope, or follow the instructions on the enclosed proxy for voting by telephone or Internet. If you return your proxy by mail but fail to mark your voting preference, your shares will be voted FOR each of the nominees. We suggest that you return a proxy even if you plan to attend the Annual Meeting.

May I revoke my proxy?

Yes, you may revoke your proxy at any time before the meeting by notifying CPA^®:16 – Global’s secretary in writing or submitting a new proxy in writing, or by voting in person at the Annual Meeting. The mailing address of CPA^®:16 – Global is 50 Rockefeller Plaza, New York, New York 10020. You should mail your notice of revocation of proxy to that address.

What is a “quorum”?

A “quorum” is the presence, either in person or represented by proxy, of a majority of the shares entitled to vote at the meeting. There must be a quorum for the meeting to be held. Votes that are withheld as to any nominee will not be counted as votes cast and will have no effect on the result of the vote, although they will be considered present for the purpose of determining the presence of a quorum.

What vote is needed to approve the election of each of the nominees as Director?

Each shareholder is entitled to one vote for each share of regular common stock registered in the shareholder’s name on the record date. With respect to the election of Directors, each share may be voted for as many individuals as there are Directors to be elected. A plurality of all the votes cast shall be sufficient to elect a Director. Any other proposal must receive the affirmative vote of holders of not less than a majority of all the shares entitled to vote thereon.

How is my vote counted?

If you properly execute a proxy in the accompanying form, and if we receive it prior to voting at the Annual Meeting, the shares that the proxy represents will be voted in the manner specified on the proxy. If no specification is made, the common stock will be voted FOR the nominees for Director and as recommended by our Board of Directors with regard to all other matters in its discretion.

Votes cast by proxy or in person at the Annual Meeting will be tabulated by the election inspectors appointed for the Annual Meeting, who will determine whether or not a quorum is present. In accordance with Maryland law, abstentions are counted for the purposes of determining the presence or absence of a quorum for the transaction of business. The election inspectors will treat abstentions as shares that are present and entitled to vote for purposes of determining the presence of a quorum but as unvoted for purposes of determining the approval of any matter submitted to the shareholders for a vote.

How will voting on shareholder proposals be conducted?

We do not know of other matters which are likely to be brought before the Annual Meeting. However, if any other matters properly come before the Annual Meeting, your signed proxy gives authority to the persons named in the enclosed proxy to vote your shares on those matters in accordance with their best judgment.

Who will pay the cost for this proxy solicitation and how much will it cost?

CPA^®:16 – Global will pay the cost of preparing, assembling and mailing this Proxy Statement, the Notice of Meeting and the enclosed proxy. In addition to the solicitation of proxies by mail, we may utilize some of the officers and employees of our advisor and affiliate, Carey Asset Management Corp.and/or its affiliates (who will receive no compensation in addition to their regular salaries), to solicit proxies personally and by telephone. Currently, we do not intend to retain a solicitation firm to assist in the solicitation of proxies, but if sufficient proxies are not returned to us, we may retain an outside firm to assist in proxy solicitation for a fee estimated not to exceed $50,000, plusout-of-pocket expenses. We may request banks, brokers and other custodians, nominees and fiduciaries to forward copies of the Proxy Statement to their principals and to request authority for the execution of proxies, and will reimburse such persons for their expenses in so doing. We expect the total cost of this proxy solicitation, assuming an outside solicitation firm is not needed, to be approximately $90,000.

When are shareholder proposals for the 2008 annual meeting due?

We must receive any proposal which a shareholder intends to present CPA^®:16 – Global’s 2008 Annual Meeting no later than January 2, 2008 in order to be included in CPA^®:16 – Global’s Proxy Statement and form of proxy relating to the 2008 Annual Meeting pursuant toRule 14a-8 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

All shareholder proposals to be presented in connection with 2008 Annual Meeting of shareholders, other than proposals submitted pursuant to Rule 14a-8 of the Exchange Act, must be received by CPA^®:16 – Global’s secretary not fewer than 120 days before the scheduled date of the 2008 Annual Meeting. In addition, any shareholder wishing to nominate a Director at the 2008 Annual Meeting must provide timely written notice of such nomination, to CPA^®:16 – Global’s secretary, as set forth in our By-Laws. A shareholder’s notice shall be timely if it is delivered to, or mailed and, received at the principal office of CPA^®:16 – Global not less than 30 days nor more than 60 days prior to the 2008 Annual Meeting; provided however that if fewer than 40 days’ notice or prior public disclosure of the date of the annual meeting is given or made to the shareholder, notice by the shareholder to be timely must be received not later than the close of business on the 10th day following the day on which such notice of the date of the 2008 Annual Meeting was mailed or such public disclosure was made. Thus, if the 2008 Annual Meeting were to occur on June 13, 2008, then shareholder proposals must be received by February 14, 2008 and any shareholder’s notice of a Director nomination must be received not earlier than April 14, 2008, nor later than May 14, 2008.

CPA^®:16 – Global will provide shareholders, without charge, a copy of CPA^®:16 – Global’s Annual Report onForm 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2006, including the financial statements and schedule attached thereto, upon written request to Ms. Susan C. Hyde,

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Director of Investor Relations, at Corporate Property Associates 16 – Global Incorporated, 50 Rockefeller Plaza, New York, New York 10020.

ELECTION OF DIRECTORS

At the Annual Meeting, you and the other shareholders will elect six Directors, each to hold office until the next Annual Meeting of shareholders except in the event of death, resignation or removal. If a nominee is unavailable for election, proxies will be voted for another person nominated by the Board of Directors. Currently, the Board is unaware of any circumstances which would result in a nominee being unavailable. All of the nominees are now members of the Board of Directors.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH OF THE NOMINEES FOR ELECTION AS DIRECTOR.

NOMINATING PROCEDURES

CPA^®:16 – Global’s Board of Directors has not designated a separate nominating committee. The Board of Directors does not believe that a separate nominating committee is necessary because the full Board of Directors develops and reviews background information for all candidates for the Board of Directors, including those recommended by shareholders. Pursuant to CPA^®:16 – Global’s By-Laws, the Independent Directors act together to evaluate and nominate other Independent Directors. If there are no Independent Directors at a particular time, then Independent Directors shall be nominated by the full Board. Affiliated Directors (those who are officers or are not otherwise considered independent) similarly act together to evaluate and nominate other Affiliated Directors. If there are no Affiliated Directors, then Affiliated Directors may be nominated by the full Board.

Any shareholders entitled to vote at any regular or special meeting of shareholders may recommend Director candidates for inclusion by the Board of Directors in the slate of nominees which the Board recommends to shareholders for election. The qualifications of recommended candidates will be reviewed by the Board. If the Board determines to nominate a shareholder-recommended candidate and recommends his or her election as a Director by the shareholders, his or her name will be included in the Proxy Statement and proxy card for the shareholder meeting at which his or her election is recommended.

Assuming that appropriate biographical and background material is provided for candidates recommended by shareholders, the Board will evaluate those candidates by following substantially the same process, and applying substantially the same criteria, as for candidates submitted by Board members or by other persons. The process followed by the Board to identify and evaluate candidates includes requests to Board members and others for recommendations, meetings from time to time to evaluate biographical information and background material relating to potential candidates and interviews of selected candidates by members of the Board. The Board is authorized to retain advisers and consultants and to compensate them for their services. The Board did not retain any such advisers or consultants during 2006. In considering whether to recommend any candidate for inclusion in the Board’s slate of recommended Director nominees, including candidates recommended by shareholders, the Board will apply the criteria which are set forth in our Corporate Governance Guidelines and our By-Laws. These criteria include the candidate’s integrity, business acumen, age, experience, diligence, potential conflicts of interest and the ability to act in the interests of all shareholders. The Board does not assign specific weights to particular criteria and no particular criterion is necessarily applicable to all prospective nominees. We believe that the backgrounds and qualifications of the Directors, considered as a group, should provide a significant composite mix of experience, knowledge and abilities that will allow the Board to fulfill its responsibilities.

Any shareholder proposal relating to the nomination of a Director at an annual meeting submitted pursuant toRule 14a-8 of the Exchange Act for inclusion in our Proxy Statement and form of proxy must be received by CPA^®:16 – Global not later than 120 days prior to the anniversary of the date our Proxy Statement was released to shareholders in connection with the previous year’s annual meeting.

All shareholder proposals relating to the nomination of a Director other than those submitted pursuant toRule 14a-8 of the Exchange Act, must be received by CPA^®:16 – Global’s secretary not fewer than 120 days before

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the scheduled date of the annual meeting. In addition, shareholders may nominate individuals for election to the Board by complying with the notice procedures described in section 4.3(b) of CPA^®:16 – Global ’s By-Laws. The By-Laws state that nominations shall be made pursuant to a timely notice in writing to the Secretary of CPA^®:16 – Global at the address set forth below under “Shareholder Communications.” To be timely, a shareholder’s notice must be received by CPA^®:16 – Global not fewer than 30 days or more than 60 days prior to the meeting at which the proposed nominee is to be elected. If CPA^®:16 – Global gives shareholders fewer than 40 days’ notice of the date of the meeting, then a shareholder’s notice will be considered timely if it is received by the close of business on the 10th day following the day on which the notice of the date of that meeting was given.

The nominating shareholder’s notice must set forth, as to each person whom the shareholder proposes to nominate for election or re-election as a Director,

•  the name, age, business address and residence address of the person;

•  the principal occupation or employment of the person;

•  the number of shares of CPA^®:16 – Global stock which are beneficially owned by the person; and

•  any other information relating to the person that is required to be disclosed in solicitations for proxies of re-election of Directors pursuant to Rule 14(a) of the Exchange Act.

Also, the shareholder giving notice must provide the name and record address of the shareholder and the number of shares which are beneficially owned by the shareholder.

The Board may require any proposed nominee to furnish such other information as may reasonably be required by CPA^®:16 – Global or the Board to determine the eligibility of such proposed nominee to serve as a Director. The Board will consider a recommendation only if appropriate biographical information and background material is provided on a timely basis. The chairman of the meeting of shareholders held for purposes of voting on the proposed nominee’s election shall, if the facts warrant, determine and declare to the shareholders at such meeting that a nomination was not made in accordance with the foregoing procedures. If the chairman should so determine, he or she shall declare that the defective nomination shall be disregarded.

NOMINEES FOR THE BOARD OF DIRECTORS

Unless otherwise specified, proxies will be voted for the election of the named nominees. If a nominee is unavailable for election, the Board may reduce its size or designate a substitute. If a substitute is designated, proxies voting on the original nominee will be cast for the substituted nominee. No circumstances are presently known that would render the nominees unavailable. Each of the nominees is now a member of the Board of Directors.

Detailed information on each nominee for election to the Board of Directors is provided below.

Wm. Polk Carey

Age: 76

Director Since: 2003

Mr. Carey serves as Chairman of the Board of Directors. Mr. Carey also serves as a Director of Corporate Property Associates 14 Incorporated (“CPA^®:14”) since 1997, of Corporate Property Associates 15 Incorporated (“CPA^®:15”) since 2001 and of W. P. Carey & Co. LLC since 1997. He also serves as Chairman of the Board of Carey Asset Management Corp., CPA^®:16 – Global’s advisor. Mr. Carey was also Co-CEO of each of such companies, as well as CPA^®:16 – Global, from 2002 through March 2005. Mr. Carey has been active in lease financing since 1959 and a specialist in net leasing of corporate real estate property since 1964. Before founding W. P. Carey & Co., Inc. in 1973, he served as Chairman of the Executive Committee of Hubbard, Westervelt & Mottelay (now Merrill Lynch Hubbard), head of Real Estate and Equipment Financing at Loeb, Rhoades & Co. (now Lehman Brothers), and Vice Chairman of the Investment Banking Board and Director of Corporate Finance of duPont Glore Forgan Inc. A graduate of the University of Pennsylvania’s Wharton School, Mr. Carey also received a Sc. D.honoris causafrom Arizona State University and is a Trustee of The Johns Hopkins University and other educational and philanthropic institutions. He serves as Chairman and a Trustee of the W. P. Carey Foundation and as Chairman of the Penn Institute for Economic Research (PIER). In the fall of 1999, Mr. Carey wasExecutive-in-Residence at Harvard Business School.

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Gordon F. DuGan

Age: 40

Director Since: 2003

Mr. DuGan, Chief Executive Officer, also serves as a Director, President and CEO of W. P. Carey & Co. LLC and Carey Asset Management Corp., CPA^®:16 – Global’s advisor. Mr. DuGan serves as a Director and CEO of CPA^®:15 and as CEO of CPA^®:14. He was a Director of CPA^®:14 from February 2005 until April 2006. Mr. DuGan joined W. P. Carey & Co. as Assistant to the Chairman in 1988. From October 1995 until February 1997 he was chief financial officer of a Colorado-based wireless communications equipment manufacturer. He rejoined W. P. Carey & Co. as Deputy Head of Investment in February 1997 and was elected Co-CEO in 2002 and CEO in 2005. Mr. DuGan also serves as a Trustee of the W. P. Carey Foundation and on the Boards of the National Association of Real Estate Investment Trusts (NAREIT), the New York Pops and the Hewitt School, and is a member of the Young Presidents Organization. Mr. DuGan received his B.S. in Economics from the Wharton School at the University of Pennsylvania.

Marshall E. Blume*

Age: 66

Director Since 2007

Marshall E. Blume was appointed to the Board of Directors in 2007. Mr. Blume also serves as an Independent Director on the Audit Committee of the Board of Directors. Mr. Blume has also served as an Independent Director and a member of the Audit Committees of CPA^®:14 and CPA^®:15 since 2007. Marshall E. Blume is the Howard Butcher III Professor of Financial Management at the Wharton School of the University of Pennsylvania and Director of the Rodney L. White Center for Financial Research, also at the Wharton School. Mr. Blume is a partner in Prudent Management Associates, a registered investment advisory firm. He is an Associate Editor of the Journal of Fixed Income, Pensions, and the Journal of Portfolio Management. He is currently a member of the Board of Managers of the Measey Foundation, which is dedicated to the support of medical education in the Philadelphia area. He is a member of the S&P Academic Advisor Board, the Finance Committee of the Rosemont School of the Holy Child, the Shadow Financial Regulatory Committee and the Financial Economist Roundtable. Mr. Blume is a former trustee of Trinity College (Hartford) and the Rosemont School. Mr. Blume received his S.B. from Trinity College and both his MBA and Ph.D. from the University of Chicago.

Elizabeth P. Munson*

Age: 50

Director Since: 2004

Ms. Munson was appointed to the Board of Directors in 2004. Ms. Munson also serves as an Independent Director on the Audit Committee of the Board of Directors. Ms. Munson has also served as an Independent Director and a member of the Audit Committees of CPA^®:14 since 2006 and CPA^®:15 since 2003. Ms. Munson is the President of The Rockefeller Trust Company (New York) and The Rockefeller Trust Company (Delaware), joining those companies in June 2001. Ms. Munson is also a Managing Director of, and head of Wealth Management Services for, Rockefeller & Co. Prior to joining Rockefeller, she was a partner in the Private Clients Group of White & Case LLP from January 1993 to June 2001 and an associate at White & Case LLP from October 1983. Ms. Munson serves on the Board of Advisors of the Wildlife Conservation Society, Bronx, New York, is a member of the Board of Managers, Vice President and Secretary of Episcopal Social Services, New York, New York, is a member of the Board of Directors and President of United Neighbors of East Midtown, New York, New York and is a member of the Board of Trustees and Secretary of Friends of WWB/USA Inc., New York, New York. Ms. Munson received her B.A. from Yale University, her J.D. from Harvard University and her Masters in Tax Law from New York University.

Richard J. Pinola*

Age: 61

Director Since: 2006

Mr. Pinola was appointed to the Board of Directors in 2006. Mr. Pinola also serves as an Independent Director and Chairman of the Audit Committee of the Board of Directors. Mr. Pinola has also served as an Independent

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Director and Chairman of the Audit Committees of CPA^®:14 and CPA^®:15 since 2006. Mr. Pinola served as Chief Executive Officer and Chairman of Right Management Consultants from 1994 through 2004. He served as a Director of the company from 1990 and as CEO from 1992 until Right Management was purchased by Manpower Inc. Prior to joining Right Management Consultants, Mr. Pinola was President and Chief Operating Officer of Penn Mutual Life Insurance Company, an $8 billion diversified financial service firm. He was also a CPA with PriceWaterhouse and Co. Mr. Pinola is a Director on the Boards of: K-Tron International, Kenexa Inc., Bankrate.com and Nobel Learning Communities, where he serves as chairman of two audit committees and on various other committees. He is also on the Boards of the Visiting Nurses Association and King’s College. He has also served on the Boards of Directors of the American Lung Association, Janney Montgomery Scott, the Life Office Management Association and the Horsham Clinic. Mr. Pinola was the Founder and Director of The Living Wills Archive Company and a Founder and Board member of the Mutual Association for Professional Services. Mr. Pinola received his B.S. in Accounting from King’s College.

James D. Price*

Age: 68

Director Since: 2005

Mr. Price was appointed to the Board of Directors in 2005. Mr. Price also serves as an Independent Director on the Audit Committee of the Board of Directors. Mr. Price has also served as an Independent Director and a member of the Audit Committees of CPA^®:14 and CPA^®:15 since 2006 and 2005, respectively. Mr. Price has over 37 years of real estate experience in the U.S. and foreign markets, including significant experience in structuring mortgage loans, leveraged leases, credit leases and securitizations involving commercial and industrial real estate. He is the President of Price & Marshall, Inc., a corporate equipment and real estate financing boutique which he founded in 1993. From March 1990 to October 1993, he worked at Bear Stearns & Co., Inc., where he structured and negotiated securitizations of commercial mortgages and corporate financings of real and personal property. From March 1985 to March 1990, he served as a Managing Director at Drexel Burnham Lambert Incorporated and as an Executive Vice President at DBL Realty, its real estate division. He also served in various capacities at Merrill Lynch & Co., including serving as manager of the Private Placement Department from 1970 to 1980, as a founder of Merrill Lynch Leasing, Inc. in 1976 and as Chairman of the Merrill Lynch Leasing, Inc. Investment Committee from 1976 to 1982. Mr. Price received his B.A. from Syracuse University and his M.B.A. from Columbia University.

*  Independent Director

EXECUTIVE OFFICERS WHO ARE NOT DIRECTORS

Thomas E. Zacharias

Age: 53

Mr. Zacharias, President, joined W. P. Carey & Co. LLC in 2002 and has served as CPA^®:16 – Global’s President since 2003. He was elected Managing Director and Chief Operating Officer of W. P. Carey & Co. LLC, CPA^®:14 and CPA^®:15 in 2005. Mr. Zacharias previously served as an Independent Director of CPA^®:14 from 1997 to 2001 and CPA^®:15 in 2001. Prior to joining W. P. Carey & Co., Mr. Zacharias was a Senior Vice President of MetroNexus North America, a Morgan Stanley Real Estate Funds Enterprise capitalized for the development of internet data centers. Prior to joining MetroNexus in October 2000, Mr. Zacharias was a Principal at Lend Lease Development U.S., a subsidiary of Lend Lease Corporation, a global real estate investment management company. Between 1981 and 1998, Mr. Zacharias was a senior officer at Corporate Property Investors which at the time of its merger into Simon Property Group in 1998, was the largest private equity REIT. He is a member of the Urban Land Institute, International Council of Shopping Centers and NAREIT, and served as a Trustee of Groton School in Groton, Massachusetts from 2003 to 2007. Mr. Zacharias received his undergraduate degree,magna cum laude, from Princeton University and his a Masters in Business Administration from Yale School of Management in 1979.

Mark J. DeCesaris

Age: 48

Mr. DeCesaris has served as Acting Chief Financial Officer, Chief Administrative Officer and Managing Director of CPA^®:16 – Global since November 2005. He also serves as Acting Chief Financial Officer, Chief

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Administrative Officer and Managing Director for W. P. Carey & Co. LLC, CPA^®:14 and CPA^®:15. Mr. DeCesaris had previously been a consultant to W. P. Carey & Co. LLC’s finance department. Prior to joining W. P. Carey & Co. LLC, from 2003 to 2004, Mr. DeCesaris was Executive Vice President for Southern Union Company, a natural gas energy company publicly traded on the New York Stock Exchange, where his responsibilities included overseeing the integration of acquisitions and developing and implementing a shared service organization to reduce annual operating costs. From 1999 to 2003, he was Senior Vice President for Penn Millers Insurance Company, a property and casualty insurance company where he served as President and Chief Operating Officer of Penn Software, a subsidiary of Penn Millers Insurance. From 1994 to 1999, he was President and CEO of System One Solutions, a business consulting firm that he founded. He started his career with Coopers & Lybrand in Philadelphia, PA and earned his CPA license in 1983. Mr. DeCesaris graduated from Kings College with a BS in Accounting and a BS in Information Technology. He currently serves as a member of the Board of Trustees of Kings College.

John D. Miller

Age: 62

Mr. Miller, Chief Investment Officer, also serves as CIO for CPA^®:14 and CPA^®:15. Mr. Miller joined W. P. Carey & Co. LLC in 2004 as Vice Chairman of Carey Asset Management Corporation and serves as Chief Investment Officer of W. P. Carey & Co. LLC. Mr. Miller was a Co-founder of StarVest Partners, L.P., a technology oriented, venture capital fund. He was Chairman and President of the StarVest management company and served on a number of boards of its portfolio companies until the end of the fund’s active investment period in 2005. Mr. Miller continues to retain a Non-Managing Member interest in StarVest. From 1995 to 1998, Mr. Miller served as President of Rothschild Ventures Inc., the private investment unit of Rothschild North America, a subsidiary of the worldwide Rothschild Group, where he helped raise and was Co-chair of the Rothschild Recovery Fund. Prior to joining Rothschild, Mr. Miller held positions at two private equity firms, Credit Suisse First Boston’s Clipper Capital Assoiciates, Inc. and Starplough Inc., an affiliate of Rosecliff, Inc. Mr. Miller previously served in investment positions at the Equitable for 24 years, including serving as President and CEO of Equitable Capital Management Corporation and as head of its Corporate Finance Department. He currently serves on the Board of CKX, Inc. and sits on a number of its committees. He received his B.S. from the University of Utah and an M.B.A. from the University of Santa Clara.

AUDIT COMMITTEE MATTERS

Audit Committee

Our Board of Directors has established the Audit Committee in accordance with Section 3(a)(58)(A) of the Exchange Act. The Audit Committee meets on a regular basis at least quarterly and throughout the year as necessary. The Audit Committee’s primary function is to assist the Board of Directors in monitoring the integrity of our financial statements, the compliance with legal and regulatory requirements and independence qualifications and performance of our internal audit function and independent auditors, all in accordance with the Audit Committee charter. The Directors who serve on the Audit Committee are all “independent” as defined in our By-Laws and also as defined in our By-Laws and the New York Stock Exchange listing standards and applicable rules of the Securities and Exchange Commission The Audit Committee is currently comprised of Richard J. Pinola (Chairman), Marshall E. Blume, Elizabeth P. Munson and James D. Price. Our Board of Directors has determined that Richard J. Pinola, an Independent Director and member of the Audit Committee, is a “financial expert” as defined in Item 401 ofRegulation S-K under the Securities Act of 1933, as amended. Our Board of Directors has adopted a formal written charter for the Audit Committee, which can be found on our website (www.cpa16.com) in the “Corporate Governance” section.

REPORT OF THE AUDIT COMMITTEE

The information contained in this report shall not be deemed to be “soliciting material” or to be “filed” with the Commission, nor shall such information be incorporated by reference into any previous or future filings under the Securities Act of 1933, as amended, or the Exchange Act except to the extent that the Company incorporates it by specific reference.

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The Audit Committee reports as follows with respect to the audit of CPA^®:16 – Global’s fiscal 2006 audited financial statements.

The Committee held four regularly scheduled quarterly meetings during 2006, and also met five additional times.

The Committee has reviewed and discussed the audited financial statements for the fiscal year ended December 31, 2006 with the management of CPA^®:16 – Global.

The Committee has discussed with the Independent Registered Public Accounting Firm the matters required to be discussed by Statement on Auditing Standards No. 61. The Committee has received written disclosures and the letter from the Independent Registered Public Accounting Firm required by Independence Standards Board Standard No. 1 and has discussed with the Independent Registered Public Accounting Firm their independence from CPA^®:16 – Global and its affiliates and, based on review and discussions of CPA^®:16 – Global’s audited financial statements with management and discussions with the Independent Registered Public Accounting Firm, the Audit Committee recommended to the Board of Directors that the audited financial statements for the fiscal year ended December 31, 2006 be included in the Annual Report onForm 10-K for filing with the Securities and Exchange Commission.

Submitted by the Audit Committee:

Richard J. Pinola, Chairman

Marshall E. Blume

Elizabeth P. Munson

James D. Price

Fees Billed By PricewaterhouseCoopers LLP During Fiscal Years 2006 and 2005

The following table sets forth the approximate aggregate fees billed to CPA^®:16 – Global during fiscal years 2006 and 2005 by PricewaterhouseCoopers LLP, categorized in accordance with SEC definitions and rules:

	2006		2005
Audit Fees(1)	$	713,200	$	375,000
Audit Related Fees(2)		0		0
Tax Fees(3)		174,200		243,900
All Other Fees($)(4)		0		0
Total Fees	$	887,400	$	618,900

(1)	Audit Fees: This category consists of fees for professional services rendered for the audits of CPA®:16 – Global’s fiscal 2006 and 2005 financial statements and the review of the financial statements included in the Quarterly Reports onForm 10-Q for the quarters ended March 31, June 30, and September 30, 2006 and 2005 and other audit services, including SEC registration statement review and the related issuance of comfort letters and consents.
(2)	Audit Related Fees: This category consists of audit related services performed by PricewaterhouseCoopers LLP. No fees were billed for audit related services rendered by PricewaterhouseCoopers LLP for the years ended 2006 and 2005.
(3)	Tax Fees: This category consists of fees billed to CPA®:16 – Global by PricewaterhouseCoopers LLP for tax compliance and consultation services.
(4)	All Other Fees: No fees were billed for other services rendered by PricewaterhouseCoopers LLP for the years ended 2006 and 2005.

8

Pre-Approval By Audit Committee

The Audit Committee’s policy is to pre-approve all audit and permissible non-audit services provided by the Independent Registered Public Accounting Firm. These services may include audit services, audit-related services, tax services and other services. Pre-approval is generally provided for up to one year and any pre-approval is detailed as to the particular service or category of services. The independent auditor and management are required to periodically report to the Audit Committee regarding the extent of services provided by the independent auditor in accordance with this pre-approval, and the fees for the services performed to date. The Audit Committee may also pre-approve particular services on acase-by-case basis. For fiscal year 2006, pre- approved non-audit services included those services described above for ““Tax Fees.”

BOARD MEETINGS AND DIRECTORS’ ATTENDANCE

There were four regular quarterly Board meetings held in 2006. Mr. Pinola was appointed to the Board in August 2006. Thereafter he attended one of the two remaining 2006 regular quarterly Board meetings. No other incumbent Director attended fewer than 75% of the total number of Board meetings in 2006 that were held during the time each incumbent was a Director.

There were nine Audit Committee meetings held in 2006. No Director who was an incumbent during 2006 attended fewer than 75% of the total number of meetings of the Audit Committee (if he or she was a member of the Audit Committee) held in 2006 during his or her term as a Director. The Board of Directors of CPA^®:16 – Global does not have a standing nominating or compensation committee.

The Directors at the Board of Directors’ meeting in March 2007 elected James D. Price as Lead Director. His primary responsibility as Lead Director is to preside over periodic executive sessions of the Board in which management Directors and other members of management will not participate.

COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS – FISCAL 2006

CPA^®:16 – Global has no employees.Day-to-day management functions are performed by W. P. Carey & Co. LLC or its affiliates. During 2006, CPA^®:16 – Global paid no compensation to any of its Executive Officers. We have not paid, and do not intend to pay, any annual compensation to our Executive Officers for their services as officers; however we reimburse our advisor, for the services of its personnel, including those who serve as officers of CPA^®:16 – Global pursuant to the advisory agreement. Please see the section titled “Certain Transactions” for a description of the contractual arrangements between CPA^®:16 – Global and W. P. Carey & Co. LLC and its affiliates.

CPA^®:16 – Global pays its Directors who are not officers $18,000 per year for their services as Directors on a quarterly basis, which includes attendance fees of up to $1,667 per year. In addition, the Chairman of the Audit Committee receives up to $6,000 per year on a quarterly basis (pro-rated to the extent such Director also serves as Chairman of the Audit Committee for other CPA^® REITs). During 2006, the Directors as a group received $64,833 in fees. Wm. Polk Carey and Gordon F. DuGan did not receive compensation for serving as Directors.

	Total Fees Earned
Director	or Paid in Cash ($)*
Trevor P. Bond(1)		18,000
Richard J. Pinola		10,250
Elizabeth P. Munson		18,583
James D. Price		18,000
Total		64,833

* Total Director compensation.

⁽¹⁾ Mr. Bond served as a Director until April 2007. He is now a Director of W.P. Carey & Co. LLC.

9

BOARD COMPENSATION COMMITTEE REPORT ON EXECUTIVE COMPENSATION

Securities and Exchange Commission regulations require the disclosure of the compensation policies applicable to Executive Officers in the form of a report by the compensation committee of the Board of Directors (or a report of the full Board of Directors in the absence of a compensation committee). As noted above, CPA^®:16 – Global has no employees and pays no direct compensation. As a result, CPA^®:16 – Global has no compensation committee and the Board of Directors has not considered a compensation policy for employees and has not included a report with this Proxy Statement. Pursuant to the advisory agreement, CPA^®:16 – Global reimburses an affiliate of W. P. Carey & Co. LLC for CPA^®:16 – Global’s proportional share of the cost incurred by affiliates of W. P. Carey & Co. LLC in paying Wm. Polk Carey and Gordon F. DuGan, in connection with their services on behalf of the Company, other than as Directors. Please see the section titled “Certain Transactions” for additional details regarding reimbursements to W. P. Carey & Co. LLC and its affiliates.

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

As noted above, CPA^®:16 – Global’s Board of Directors has not appointed a compensation committee. None of the members of the CPA^®:16 – Global Board are involved in a relationship requiring disclosure as an interlocking Executive Officer/Director or under Item 404 ofRegulation S-K or as a former officer or employee of CPA^®:16 – Global.

SECURITIES OWNERSHIP BY MANAGEMENT

“Beneficial Ownership” as used herein has been determined in accordance with the rules and regulations of the Securities and Exchange Commission and is not to be construed as a representation that any of such shares are in fact beneficially owned by any person. As of April 16, 2007, the record date, CPA^®:16 – Global knows of no shareholder who owns beneficially 5% or more of the outstanding shares.

The following table shows how many shares of CPA^®:16 – Global’s common stock the Directors and Executive Officers owned as of April 16, 2007, the record date. Directors and Executive Officers who owned no shares are not listed in the table. Wm. Polk Carey owned less than 1% of the common stock. No Director or Executive Officer beneficially owned more than 1% of the common stock. Directors and Executive Officers as a group (including any current Executive Officers not named in the table) owned less than 1% of the common stock. The business address of the Directors and officers listed below is the address of our principal executive office, 50 Rockefeller Plaza, New York, NY 10020.

DIRECTOR AND OFFICER STOCK OWNERSHIP

	Amount and Nature
Name of Beneficial Owner	of Beneficial Ownership			Percentage of Class
Wm. Polk Carey		1,132,630	(1)		.98	%
Marshall E. Blume		1			*
Elizabeth P. Munson		1,100			*
Richard J. Pinola		5,564			*
James D. Price		1			*
Thomas E. Zacharias		2,732			*
All Directors and Executive Officers as a Group (9 Individuals)		1,142,028			.99	%

* Less than 1%.

⁽¹⁾ 927,285 of these shares are owned by Carey Asset Management Corp. and 205,345 shares are held by W. P. Carey International.

In addition, as of April 16, 2007, the following Executive Officers and Directors held the following number of units in the 2003 Partnership Equity Unit Plan (the “2003 PEP Plan”) and the 2005 Partnership Equity Unit Plan (the

10

“2005 PEP Plan”), the value of which is determined by reference to the value of shares of CPA^®:16 – Global as described below:

Name	Number of Units in PEP Plans
Wm. Polk Carey		50,100
Gordon F. DuGan		102,151
Thomas E. Zacharias		40,558
Mark J. DeCesaris		7,800
John D. Miller		2,901

The 2003 PEP Plan and the 2005 PEP Plan are long-term incentive plans for qualified officers of Carey Asset Management Corp. and its affiliates. Under the 2003 PEP Plan, upon the happening of certain liquidity events with respect to CPA^®:16 – Global, the value of units will be determined and may be distributed to unit holders based on the per-share value received by CPA^®:16 – Global shareholders in connection with the liquidity event. Under the 2005 PEP Plan, units generally mature and become payable twelve years after the date of award, at a value equal to the last appraised value for a share of CPA^®:16 – Global common stock; however, if a liquidity event for CPA^®:16 – Global occurs prior to maturity of the units, then the value of the units at that time will be determined based on the per-share value received by CPA^®:16 – Global shareholders in connection with the liquidity event, but may not be distributed until maturity and subsequent to such liquidity event the units may be subject to such other method of valuation as may be determined by the Compensation Committee of W. P. Carey & Co. LLC. Holders of the units described above do not carry rights as shareholders of CPA^®:16 – Global, but are entitled to distribution payments in the same amount and frequency as are paid by CPA^®:16 – Global to its shareholders.

CODES OF ETHICS

CPA^®:16 – Global’s Board of Directors has adopted a Code of Ethics which sets forth the standards of business conduct and ethics applicable to all of our employees, including our principal Executive Officers and Directors. The Board of Directors has also adopted a Code of Ethics for CEOs and Senior Financial Officers, which contain additional standards for senior officers. Both of these codes are available on the Company’s website (www.cpa16global.com) in the “Corporate Governance” section. We also intend to post amendments to or waivers from the Code of Ethics (to the extent applicable to our CEO, principal financial officer and principal accounting officer) at this location on the website.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Wm. Polk Carey is the Chairman of CPA^��:16 – Global’s Board of Directors. During 2006, CPA^®:16 – Global has retained its advisor, Carey Asset Management Corp., to provide advisory services in connection with identifying and analyzing prospective property investments as well as providingday-to-day management services to CPA^®:16 – Global. Carey Asset Management Corp. is a Delaware corporation and wholly-owned subsidiary of W. P. Carey & Co. LLC, a Delaware limited liability company of which Wm. Polk Carey is Chairman of the Board and the beneficial owner of over 10% of its equity securities. For the services provided to CPA^®:16 – Global, the advisor earns an asset management fee equal to a percentage of the average invested assets of CPA^®:16 – Global, of which one-half is deferred until a threshold return to investors has been received. During 2006, the asset management fee paid to the advisor was $5.527 million and $5.527 million will become payable in the future only if the threshold is met. In addition, during 2006, in return for performing services related to CPA^®:16 – Global’s real estate purchases, the advisor was paid structuring, development, acquisition and mortgage placement fees of $13.510 million, and may be paid additional subordinated and deferred fees of $10.809 million if the threshold is met. During 2006, CPA^®:16 – Global also paid an acquisition fee allowance of $1.224 million to the advisor in connection with the completion of acquisitions.

Because CPA^®:16 – Global does not have its own employees, the advisor employs, directly and through its affiliates, CPA^®:16 – Global’s officers and other personnel to provide services to CPA^®:16 – Global. During 2006, $1.275 million was paid to the advisor by CPA^®:16 – Global to cover such personnel expenses, which amount includes both cash compensation and employee benefits. In addition, pursuant to a cost-sharing arrangement among

11

the CPA^® REITs, the advisor and other affiliates of the advisor, CPA^®:16 – Global pays its proportionate share, based on adjusted revenues, of office rental expenses and of certain other overhead expenses. Under this arrangement, CPA^®:16 – Global’s share of office rental expenses for 2006 was $347,000. During 2006, Carey Financial, LLC, an affiliate of W. P. Carey & Co. LLC, became entitled to receive sales commissions and selected dealer fees of $38.037 million and $10.9 million respectively, which were, in turn, reallowed to unaffiliated broker/dealers in connection with CPA^®:16 – Global’s best efforts offering of common stock. CPA^®:16 – Global also reimbursed the advisor for certain of its expenses related to such offering during 2006, in the aggregate amount of $4.66 million.

Policies and Procedures With Respect to Related Party Transactions

All of the transactions that we enter into with related persons, such as our Directors, Officers, their immediate family members and our stockholders owning 5% or more of our outstanding stock, must be, after disclosure of such affiliation, approved or ratified by a majority of our Independent Directors and a majority of our Directors who are not interested in the transaction. In making their determination, such Directors and Independent Directors must consider whether (1) the transaction is in all respects on such terms as, at the time of the transaction and under the circumstances then prevailing, are fair and reasonable to our stockholders and (2) the terms of such transaction are at least as favorable as the terms then prevailing for comparable transactions made on an arm’s-length basis.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Based solely on a review of the copies of the forms received and written representations, CPA^®:16 – Global believes that during fiscal year 2006, its officers and Directors complied with the beneficial ownership reporting requirements of Section 16(a) of the Securities Exchange Act.

INDEPENDENT PUBLIC ACCOUNTANTS

From CPA^®:16 – Global’s inception, we have engaged the firm of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm. The Board of Directors is in the process of engaging PricewaterhouseCoopers LLP as auditors for 2007. PricewaterhouseCoopers LLP also serves as auditors for our affiliates, W. P. Carey & Co. LLC and its subsidiaries, CPA^®:14 and CPA^®:15.

A representative of PricewaterhouseCoopers LLP will be available at the Annual Meeting to make a statement, if they desire to do so, and to respond to appropriate questions from shareholders.

SHAREHOLDER COMMUNICATIONS

The Board will give appropriate attention to written communications that are submitted by shareholders, and will respond if and as appropriate. Absent unusual circumstances or as contemplated by committee charters and subject to any required assistance or advice from legal counsel, Ms. Susan C. Hyde, Director of Investor Relations, is primarily responsible for monitoring communications from shareholders and for providing copies or summaries of such communications to the Directors as she considers appropriate. This monitoring process has been approved by our Independent Directors.

Shareholders who wish to send communications on any topic to the Board should address such communications in care of Ms. Susan C. Hyde, Director of Investor Relations, at W. P. Carey & Co. LLC, 50 Rockefeller Plaza, New York, NY 10020.

12

REVOCABLE PROXY
CORPORATE PROPERTY ASSOCIATES 16 — GLOBAL INCORPORATED

Proxy for Annual Meeting of Shareholders June 15, 2007

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

     The undersigned shareholder of Corporate Property Associates 16 — Global Incorporated appoints Thomas E. Zacharias and Mark J. DeCesaris, and each of them, with full power of substitution, as proxy to vote all shares of the undersigned in Corporate Property Associates 16 — Global Incorporated at the Annual Meeting of shareholders to be held on June 15, 2007 and at any adjournment thereof, with like effect and as if the undersigned were personally present and voting, upon the following matters:

PLEASE COMPLETE, DATE, SIGN AND MAIL THIS PROXY PROMPTLY
IN THE ENCLOSED POSTAGE-PAID ENVELOPE OR
VOTE VIA THE INTERNET OR BY TELEPHONE.

(Continued, and to be marked, dated and signed, on the other side)

êFOLD AND DETACH HEREê

CORPORATE PROPERTY ASSOCIATES 16 — GLOBAL INCORPORATED —
ANNUAL MEETING, JUNE 15, 2007

YOUR VOTE IS IMPORTANT!

You can vote in one of three ways:

1. Calltoll free 1-888-514-4649on a Touch Tone telephone and follow the instructions on the reverse side. There isNO CHARGEto you for this call.

or

2. Via the Internet atwww.proxyvoting.com/wpcand follow the instructions.

or

3. Mark, sign and date your proxy card and return it promptly in the enclosed envelope.

PLEASE VOTE

The Board of Directors recommends a vote “FOR” all nominees. Please mark your
votes as indicated
in this example x

1.	Election of Directors for the One-Year		With-	For All
	Term Expiring in 2008:	For	hold	Except
		o	o	o

	(01) William P. Carey	(02) Gordon F. DuGan
	(03) Marshall E. Blume	(04) Elizabeth P. Munson
	(05) Richard J. Pinola	(06) James D. Price
INSTRUCTION: To withhold authority to vote for any individual nominee, mark “For All Except” and write that nominee’s name in the space provided below.

2. Such other matters as may properly come before the meeting at the discretion of the proxy holders.

Please be sure to sign and date this Proxy in the box below.	Date
Stockholder sign above	Co-holder (if any) sign above

PROXIES WILL BE VOTED AS DIRECTED OR SPECIFIED. IF NO CHOICE IS SPECIFIED, THIS PROXY WILL BE VOTED (1) FOR THE NOMINATED DIRECTORS, AND (2) FOR OR AGAINST ANY OTHER MATTERS THAT PROPERLY COME BEFORE THE MEETING AT THE DISCRETION OF THE PROXY HOLDER.

SIGNATURE(S) MUST CORRESPOND EXACTLY WITH NAME(S) AS IMPRINTED HEREON. When signing in a representative capacity, please give title. When shares are held jointly, only one holder need sign.

*** IF YOU WISH TO VOTE BY TELEPHONE OR INTERNET, PLEASE READ THE INSTRUCTIONS BELOW ***

éFOLD AND DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAILé

VOTE BY TELEPHONE/INTERNET
QUICK««« EASY««« IMMEDIATE

Your telephone/Internet vote authorizes the named proxies to vote your shares in the same manner as if you marked, signed and returned your proxy card.

Please have this card handy when you call. You will need it in front of you in order to complete the voting process.

VOTE BY PHONE :You will be asked to enter theCONTROL NUMBER(look below at right).

OPTION A:	To vote as the Board of Directors recommends on the proposal, press1.Your vote will be confirmed.
OPTION B:	If you choose to vote on the proposal on your own, press2.You will hear these instructions:

	To voteFOR ALLnominees, press1;toWITHHOLD FOR ALLnominees, press2.
	To voteFOR ALL NOMINEES EXCEPTfor certain of the nominees, press3and listen to the instructions.
VOTE BY INTERNET :	The web address iswww.proxyvoting.com/wpc
	You will be asked to enter theCONTROL NUMBER(look below at right).

If you vote by telephone or internet,DO NOT mail back your proxy card.

Please note that the last vote received, whether by telephone, internet or by mail, will be the vote counted.

THANK YOU FOR VOTING

Call«««Toll Free««« On a Touch Tone Telephone
1-888-514-4649 — ANYTIME
There isNO CHARGEto you for this call
TELEPHONE/INTERNET VOTING DEADLINE: 12 midnight-June 14, 2007

FOR TELEPHONE/
INTERNET VOTING:
CONTROL NUMBER