Corporate Property Associates 17 - Global 10-Q 7 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Current Fiscal Year End Date	'--12-31	'
Entity Central Index Key	'0001390213	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Registrant Name	'CORPORATE PROPERTY ASSOCIATES 17 - GLOBAL INC	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Entity Common Stock Shares Outstanding	'	326,015,195

CONSOLIDATED_BALANCE_SHEETS_UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments in real estate	'	'
Real estate, at cost (inclusive of $119,238 and $150,378, respectively, attributable to variable interest entities, or VIEs)	$2,428,006	$2,402,315
Operating real estate, at cost (inclusive of $0 and $12,557, respectively, attributable to VIEs)	271,736	283,370
Accumulated depreciation (inclusive of $8,495 and $8,235, respectively, attributable to VIEs)	-174,263	-144,405
Net investments in properties	2,525,479	2,541,280
Real estate under construction (inclusive of $19,328 and $25,268, respectively, attributable to VIEs)	132,763	127,935
Net investments in direct financing leases (inclusive of $244,974 and $244,084, respectively, attributable to VIEs)	485,090	479,916
Equity investments in real estate	497,691	412,964
Net investments in real estate	3,641,023	3,562,095
Cash and cash equivalents (inclusive of $57 and $339, respectively, attributable to VIEs)	358,200	418,108
In-place lease intangible assets, net (inclusive of $16,808 and $17,277, respectively, attributable to VIEs)	445,691	457,244
Other intangible assets, net	98,713	105,056
Other assets, net (inclusive of $15,392 and $17,118, respectively, attributable to VIEs)	179,959	170,866
Total assets	4,723,586	4,713,369
Liabilities:	'	'
Non-recourse debt (inclusive of $196,401 and $199,315, respectively, attributable to consolidated VIEs)	1,940,848	1,915,601
Accounts payable, accrued expenses and other liabilities (inclusive of $10,122 and $8,833, respectively, attributable to VIEs)	142,035	132,254
Deferred income taxes	4,344	7,108
Below-market rent and other intangible liabilities, net (inclusive of $376 and $387, respectively, attributable to VIEs)	103,338	102,597
Due to affiliates	14,200	20,211
Distributions payable	52,482	51,570
Total liabilities	2,257,247	2,229,341
Commitments and contingencies (Note 11)	'	'
CPA:17 Global shareholders' equity:	'	'
Preferred stock, $0.001 par value; 50,000,000 shares authorized; none issued	0	0
Common stock, $0.001 par value; 900,000,000 shares authorized; 329,709,891 and 322,918,083 shares issued, respectively; and 322,963,325 and 317,353,899 shares outstanding, respectively	330	323
Additional paid-in-capital	2,968,217	2,904,927
Distributions in excess of accumulated earnings	-500,534	-440,958
Accumulated other comprehensive loss	-16,895	-5,275
Less: treasury stock at cost, 6,746,566 and 5,564,184 shares, respectively	-63,172	-52,477
Total CPA:17 - Global shareholders' equity	2,387,946	2,406,540
Noncontrolling interests	78,393	77,488
Total equity	2,466,339	2,484,028
Total liabilities and equity	$4,723,586	$4,713,369

CONSOLIDATED_BALANCE_SHEETS_UN1

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Assets	'	'
Real estate at cost attributable to consolidated VIEs	$2,428,006	$2,402,315
Operating real estate, at cost	271,736	283,370
Accumulated depreciation attributable to VIEs	174,263	144,405
Real estate under construction attributable to consolidated VIEs	132,763	127,935
Net investments in direct financing leases	485,090	479,916
Cash and cash equivalents attributable to VIEs	358,200	418,108
In-place lease intangible assets, net attributable to consolidated VIEs	445,691	457,244
Other assets, net attributable to consolidated VIEs	179,959	170,866
Liabilities:	'	'
Non-recourse debt	1,940,848	1,915,601
Accounts payable attributable to consolidated VIEs	142,035	132,254
Below-market rent and other intangible liabilities, attributable to VIEs	103,338	102,597
CPA:17 Global shareholders' equity:	'	'
Preferred stock, par or stated value per share	$0.00	$0.00
Preferred stock shares authorized	50,000,000	50,000,000
Preferred Stock Shares Issued	0	0
Common stock, par or stated value per share	$0.00	$0.00
Common stock shares authorized	900,000,000	900,000,000
Common Stock Shares Issued	329,709,891	322,918,083
Common stock shares outstanding	322,963,325	317,353,899
Treasury Stock Shares	6,746,566	5,564,184
Variable Interest Entity Primary Beneficiary Member	'	'
Assets	'	'
Real estate at cost attributable to consolidated VIEs	119,238	150,378
Operating real estate, at cost	0	12,557
Accumulated depreciation attributable to VIEs	8,495	8,235
Real estate under construction attributable to consolidated VIEs	19,328	25,268
Net investments in direct financing leases	244,974	244,084
Cash and cash equivalents attributable to VIEs	57	339
In-place lease intangible assets, net attributable to consolidated VIEs	16,808	17,277
Other assets, net attributable to consolidated VIEs	15,392	17,118
Liabilities:	'	'
Non-recourse debt	196,401	199,315
Accounts payable attributable to consolidated VIEs	10,122	8,833
Below-market rent and other intangible liabilities, attributable to VIEs	$376	$387

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues	'	'	'	'
Rental Income	$63,968	$56,280	$127,074	$111,700
Interest income from direct financing leases	13,678	13,424	27,216	26,782
Total lease revenues	77,646	69,704	154,290	138,482
Other real estate income	12,721	12,428	28,273	24,449
Other operating income	7,077	4,915	14,550	9,467
Other interest income	1,342	1,944	2,823	3,319
Gross Revenues	98,786	88,991	199,936	175,717
Operating Expenses	'	'	'	'
Depreciation and amortization	25,616	22,816	51,456	45,692
Property expenses	15,974	12,599	32,143	23,571
Other real estate expenses	6,395	8,653	15,580	16,928
General and administrative	5,108	4,220	11,309	9,748
Acquisition expenses	272	724	1,401	1,795
Operating Expenses, Total	53,365	49,012	111,889	97,734
Other Income and Expenses	'	'	'	'
Interest expense	-23,264	-21,844	-46,593	-43,661
Net income from equity investments in real estate	10,974	1,733	7,725	2,867
Other income and (expenses)	946	1,358	1,898	6,154
Nonoperating income expense	-11,344	-18,753	-36,970	-34,640
Income from continuing operations before income taxes	34,077	21,226	51,077	43,343
Provision for income taxes	-2,664	-754	-3,361	-1,570
Income from continuing operations	31,413	20,472	47,716	41,773
Income from discontinued operations, net of tax	0	263	0	492
Gain on sale of real estate, net of tax	12,548	0	12,548	581
Net Income	43,961	20,735	60,264	42,846
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to advisor of $4,590, $4,847, $9,269, and $9,124, respectively)	-7,640	-7,932	-15,317	-15,219
Net income attributable to CPA:17 - Global	36,321	12,803	44,947	27,627
Earnings Per Share	'	'	'	'
Income from continuing operations attributable to CPA:17 - Global (usd per share)	$0.11	$0.04	$0.14	$0.09
Income from discontinued operations attributable to CPA:17 - Global (usd per share)	$0	$0	$0	$0
Net income attributable to CPA:17 - Global (usd per share)	$0.11	$0.04	$0.14	$0.09
Weighted Average Shares Outstanding	322,723,562	311,521,333	321,240,449	310,252,815
Amounts Attributable To CPA:17 - Global	'	'	'	'
Income from continuing operations, net of tax	36,321	12,540	44,947	27,135
Income from discontinued operations, net of tax	0	263	0	492
Net income attributable to CPA:17 - Global	$36,321	$12,803	$44,947	$27,627
Distributions Declared Per Share	$0.16	$0.16	$0.33	$0.33

CONSOLIDATED_STATEMENTS_OF_INC1

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (Parentheticals) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]	'	'	'	'
Available cash distributions to advisors	$4,590	$4,847	$9,269	$9,124

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net Income	$43,961	$20,735	$60,264	$42,846
Other Comprehensive (Loss) Income:	'	'	'	'
Foreign currency translation adjustments	-6,042	8,612	-7,432	-16,863
Change in net unrealized (loss) gain on derivative instruments	-1,572	3,094	-4,023	13,412
Change in unrealized appreciation on marketable securities	23	23	47	47
Total other comprehensive income (loss)	-7,591	11,729	-11,408	-3,404
Comprehensive Income	36,370	32,464	48,856	39,442
Amounts Attributable to Noncontrolling Interests:	'	'	'	'
Net income	-7,640	-7,932	-15,317	-15,219
Change in net unrealized gain on derivative instruments	-160	-134	-309	-254
Foreign currency translation adjustments	93	-123	97	235
Comprehensive income attributable to noncontrolling interests	-7,707	-8,189	-15,529	-15,238
Comprehensive Income Attributable to CPA:17 - Global	$28,663	$24,275	$33,327	$24,204

CONSOLIDATED_STATEMENTS_OF_EQU

CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) (USD $)	Total	Common Stock	Additional Paid-In-Capital	Distributions in Excess of Accumulated Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Total CPA:17 - Global Stockholders	Noncontrolling interest
In Thousands, except Share data, unless otherwise specified
Beginning equity balance, value at Dec. 31, 2012	$2,514,507	$310	$2,786,855	($277,224)	($35,366)	($34,293)	$2,440,282	$74,225
Beginning equity balance, shares at Dec. 31, 2012	'	306,903,020	'	'	'	'	'	'
Shares issued, net of offering costs, shares	'	10,252,652	'	'	'	'	'	'
Shares issued, net of offering costs, value	96,853	11	96,842	'	'	'	96,853	'
Shares issued to affiliates, shares	'	2,116,767	'	'	'	'	'	'
Shares issued to affiliates, value	21,232	2	21,230	'	'	'	21,232	'
Distributions declared	-203,598	'	'	-203,598	'	'	-203,598	'
Distributions to noncontrolling interests	-26,760	'	'	'	'	'	'	-26,760
Net income	69,169	'	'	39,864	'	'	39,864	29,305
Other comprehensive loss:	'	'	'	'	'	'	'	'
Foreign currency translation adjustments	29,884	'	'	'	29,701	'	29,701	183
Change in net unrealized (loss) gain on derivative instruments	831	'	'	'	296	'	296	535
Change in unrealized appreciation on marketable securities	94	'	'	'	94	'	94	'
Repurchase of shares, shares	'	-1,918,540	'	'	'	'	'	'
Repurchase of shares, value	-18,184	'	'	'	'	-18,184	-18,184	'
Ending equity balance, value at Dec. 31, 2013	2,484,028	323	2,904,927	-440,958	-5,275	-52,477	2,406,540	77,488
Ending equity balance, shares at Dec. 31, 2013	317,353,899	317,353,899	'	'	'	'	'	'
Shares issued through distribution reinvestment plan, shares	'	5,422,771	'	'	'	'	'	'
Shares issued through distribution reinvestment plan, value	50,194	6	50,188	'	'	'	50,194	'
Shares issued to affiliates, shares	'	1,369,037	'	'	'	'	'	'
Shares issued to affiliates, value	13,103	1	13,102	'	'	'	13,103	'
Distributions declared	-104,523	'	'	-104,523	'	'	-104,523	'
Distributions to noncontrolling interests	-14,624	'	'	'	'	'	'	-14,624
Net income	60,264	'	'	44,947	'	'	44,947	15,317
Other comprehensive loss:	'	'	'	'	'	'	'	'
Foreign currency translation adjustments	-7,432	'	'	'	-7,335	'	-7,335	-97
Change in net unrealized (loss) gain on derivative instruments	-4,023	'	'	'	-4,332	'	-4,332	309
Change in unrealized appreciation on marketable securities	47	'	'	'	47	'	47	'
Repurchase of shares, shares	'	-1,182,382	'	'	'	'	'	'
Repurchase of shares, value	-10,695	'	'	'	'	-10,695	-10,695	'
Ending equity balance, value at Jun. 30, 2014	$2,466,339	$330	$2,968,217	($500,534)	($16,895)	($63,172)	$2,387,946	$78,393
Ending equity balance, shares at Jun. 30, 2014	322,963,325	322,963,325	'	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_EQU1

CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) (Parentheticals) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Stock Transactions, Parenthetical Disclosures [Abstract]	'	'	'	'	'
Distributions Declared Per Share	$0.16	$0.16	$0.33	$0.33	$0.65

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash Flow - Operating Activities	'	'
Net income	$60,264	$42,846
Adjustments to net income	'	'
Depreciation and amortization, including intangible assets and deferred financing costs	52,772	47,516
Non-cash asset management fee expense	13,103	9,945
Gain on sale of real estate	-12,548	0
Straight-line rent adjustment and amortization of rent-related intangibles	-9,760	-10,708
(Income) loss from equity investments in real estate in excess of distributions received	-1,940	1,397
Realized gain on foreign currency transactions and others	-1,393	-1,883
Deferred income taxes	454	0
Unrealized gain on foreign currency transactions and others	-352	-501
Accretion of commercial mortgage-backed securities	-290	0
Net changes in other operating assets and liabilities	1,360	5,140
Net Cash Provided by Operating Activities	101,670	93,752
Cash Flows - Investing Activities	'	'
Capital contributions to equity investments in real estate	-149,115	-51,439
Acquisitions of real estate and direct financing leases	-73,485	-97,534
Return of capital from equity investments in real estate	69,671	3,480
Proceeds from sale of real estate	67,999	0
Funds released from escrow	36,154	12,775
Funds placed in escrow	-32,049	-6,476
Investment in securities	-8,315	0
Payment of deferred acquisition fees to an affiliate	-4,664	-9,581
Value added taxes, or VAT, paid in connection with acquisition of real estate	-1,710	-2,977
VAT refunded in connection with acquisition of real estate	114	4,464
Net Cash Used in Investing Activities	-95,400	-147,288
Cash Flows - Financing Activities	'	'
Distributions paid	-103,611	-96,621
Proceeds from mortgage financing	52,600	118,359
Proceeds from issuance of shares, net of issuance costs	50,194	48,378
Scheduled payments and prepayments of mortgage principal	-35,256	-11,353
Distributions to noncontrolling interests	-14,624	-13,853
Purchase of treasury stock	-10,695	-9,283
Funds released from escrow	-3,561	-5,076
Payment of financing costs and mortgage deposits, net of deposits refunded	-768	-1,783
Funds placed in escrow	0	616
Net Cash (Used in) Provided by Financing Activities	-65,721	29,384
Change in Cash and Cash Equivalents During the Period	'	'
Effect of exchange rate changes on cash	-457	-1,374
Net decrease in cash and cash equivalents	-59,908	-25,526
Cash and cash equivalents, beginning of period	418,108	652,330
Cash and cash equivalents, end of period	$358,200	$626,804

Organization_and_Offering

Organization and Offering	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization and Offering	'
	Organization
	Organization
	Corporate Property Associates 17 – Global Incorporated, or CPA®:17 – Global, and, together with its consolidated subsidiaries, we, us, or our, is a publicly owned, non-listed real estate investment trust, or REIT, that invests primarily in commercial properties leased to companies domestically and internationally. We were formed in 2007 and are managed by W. P. Carey Inc., or WPC, and its subsidiaries (collectively, the advisor). As a REIT, we are not subject to United States, or the U.S., federal income taxation as long as we satisfy certain requirements, principally relating to the nature of our income, the level of our distributions, and other factors. We earn revenue principally by leasing the properties we own to single corporate tenants, primarily on a triple-net lease basis, which requires the tenant to pay substantially all of the costs associated with operating and maintaining the property. Revenue is subject to fluctuation because of the timing of new lease transactions, lease terminations, lease expirations, contractual rent adjustments, tenant defaults, sales of properties, and changes in foreign currency exchange rates.
	Substantially all of our assets and liabilities are held by CPA®:17 Limited Partnership, or the Operating Partnership, and at June 30, 2014, we owned 99.99% of general and limited partnership interests in the Operating Partnership. The remaining interest in the Operating Partnership is held by a subsidiary of WPC.
	At June 30, 2014, our portfolio was comprised of our full or partial ownership interests in 358 fully-occupied properties, substantially all of which were triple-net leased to 108 tenants, and totaled approximately 34 million square feet. In addition, our portfolio was comprised of our full or partial ownership interests in 75 operating properties, which primarily included 71 self-storage properties, for an aggregate of approximately 6 million square feet. As opportunities arise, we may also make other types of commercial real estate related investments.

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	Our interim consolidated financial statements have been prepared, without audit, in accordance with the instructions to Form 10-Q and, therefore, do not necessarily include all information and footnotes necessary for a fair statement of our consolidated financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the U.S., or GAAP.
	In the opinion of management, the unaudited financial information for the interim periods presented in this Report reflects all normal and recurring adjustments necessary for a fair statement of financial position, results of operations, and cash flows. Our interim consolidated financial statements should be read in conjunction with our audited consolidated financial statements and accompanying notes for the year ended December 31, 2013, which are included in the 2013 Annual Report, as certain disclosures that would substantially duplicate those contained in the audited consolidated financial statements have not been included in this Report. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.
	The unaudited consolidated financial statements included in this Report have been retrospectively adjusted to reflect the disposition (or planned disposition) of certain properties as discontinued operations for all periods presented.
	Basis of Consolidation
	Our consolidated financial statements reflect all of our accounts, including those of our controlled subsidiaries and our tenancy-in-common interests as described below. The portion of equity in a consolidated subsidiary that is not attributable, directly or indirectly, to us is presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated.
	We have investments in tenancy-in-common interests in various domestic and international properties. Consolidation of these investments is not required as such interests do not qualify as VIEs and do not meet the control requirement required for consolidation. Accordingly, we account for these investments using the equity method of accounting. We use the equity method of accounting because the shared decision-making involved in a tenancy-in-common interest investment provides us with significant influence on the operating and financial decisions of these investments.
	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.
	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.
	We previously determined that the I Shops LLC investment was a VIE and we were its primary beneficiary. In April 2014, we deconsolidated the retail project (Note 4).
	Recent Accounting Requirements
	The following Accounting Standards Updates, or ASUs, promulgated by the Financial Accounting Standards Board, are applicable to us:
	ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 does not apply to our lease revenues, but will apply to reimbursed tenant costs and revenues generated from our operating properties. Additionally, this guidance modifies disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.   ASU 2014-09 is effective beginning in 2017, and early adoption is not permitted. In adopting ASU 2014-09, companies may use either a full retrospective or a modified retrospective approach. We are currently evaluating the impact of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017.
	ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360). ASU 2014-08 changes the requirements for reporting discontinued operations. A discontinued operation may include a component of an entity or a group of components of an entity, or a business. Under this new guidance, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a “strategic shift that has or will have a major effect on an entity’s operations and financial results.” The new guidance also requires disclosures including pre-tax profit or loss and significant gains or losses arising from dispositions that represent an “individually significant component of an entity,” but do not meet the criteria to be reported as discontinued operations under ASU 2014-08. In the ordinary course of business, we sell properties, which, under prior accounting guidance, we generally reported as discontinued operations; however, under ASU 2014-08 such property dispositions typically would not meet the criteria to be reported as discontinued operations. We elected to early adopt ASU 2014-08 prospectively for all dispositions after December 31, 2013. Consequently, individually significant properties that were sold during 2014 were not reclassified to discontinued operations in the consolidated statements of income, but are disclosed in Note 13 to the consolidated financial statements. By contrast, and as required by the new guidance, the consolidated statements of income for the prior year periods reflect all dispositions through December 31, 2013 as discontinued operations, which were deemed discontinued operations under the prior accounting guidance. This ASU did not have a significant impact on our financial position or results of operations for any of the periods presented.
	ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU 2013-11 requires an entity to present an unrecognized tax benefit relating to a net operating loss carryforward, a similar tax loss or a tax credit carryforward as a reduction to a deferred tax asset except in certain situations. To the extent the net operating loss carryforward, similar tax loss or tax credit carryforward is not available as of the reporting date under the governing tax law to settle any additional income taxes that would result from the disallowance of the tax position, or the governing tax law does not require the entity to use and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and should not net with a deferred tax asset. ASU No. 2013-11 is effective for us at the beginning of 2014. The adoption of ASU 2013-11 did not have a material impact on our financial condition or results of operations.

Agreements_and_Transactions_wi

Agreements and Transactions with Related Parties	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Agreements and Transactions with Related Parties	'
	Agreements and Transactions with Related Parties
	Transactions with the Advisor
	We have an advisory agreement with the advisor whereby the advisor performs certain services for us under a fee arrangement. The current advisory agreement is scheduled to expire on September 30, 2014 unless otherwise extended. We also have certain agreements with affiliates regarding jointly-owned investments. In addition, we reimbursed the advisor for organization and offering costs incurred in connection with our follow-on offering through its closing on January 31, 2013 and for general and administrative duties performed on our behalf. The following tables present a summary of fees we paid, expenses we reimbursed, and distributions we made to the advisor and other affiliates in accordance with the advisory agreement and the operating partnership agreement (in thousands):
		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
	Amounts Included in the Consolidated Statements of Income:
	Asset management fees	$	6,846	$	5,365	$	13,465	$	10,476
	Available Cash Distribution	4,590		4,847		9,269		9,124
	Personnel and overhead reimbursements	2,503		1,628		5,622		4,267
	Office rent reimbursements	321		365		702		583
	Acquisition expenses	298		404		1,191		1,170
	Interest expense on deferred acquisition fees and loan from affiliate	129		206		280		442
		$	14,687	$	12,815	$	30,529	$	26,062
	Acquisition Fees Capitalized:
	Current acquisition fees	$	1,351	$	862	$	1,355	$	2,187
	Deferred acquisition fees	682		364		690		1,218
		$	2,033	$	1,226	$	2,045	$	3,405
		June 30, 2014		December 31, 2013
	Due to Affiliates:
	Deferred acquisition fees, including interest	$	9,446	$	15,573
	Asset management fees payable	2,284		1,972
	Accounts payable	1,843		2,200
	Reimbursable costs	425		264
	Subordinated disposition fees	202		202
		$	14,200	$	20,211
	Acquisition and Disposition Fees
	We pay the advisor acquisition fees for structuring and negotiating investments and related mortgage financing on our behalf, a portion of which is payable upon acquisition of investments with the remainder subordinated to the achievement of a preferred return, a non-compounded cumulative distribution of 5% per annum (based initially on our invested capital). Acquisition fees payable to the advisor with respect to our long-term net lease investments are 4.5% of the total cost of those investments and are comprised of a current portion of 2.5%, typically paid upon acquisition, and a deferred portion of 2%, typically paid over three years and subject to the 5% preferred return described above. For certain types of investments that are not considered long-term net lease investments, initial acquisition fees may range from 0% to 1.75% of the equity invested plus the related acquisition fees, with no portion of the fee being deferred. Unpaid installments of deferred acquisition fees are included in Due to affiliates in the consolidated financial statements.
	The advisor may be entitled to receive a disposition fee in an amount equal to the lesser of (i) 50.0% of the competitive real estate commission (as defined in the advisory agreement) or (ii) 3.0% of the contract sales price of the investment being sold; however, payment of such fees is subordinated to the 5% preferred return. These fees, which are paid at the discretion of our board of directors, are deferred and are payable to the advisor only in connection with a liquidity event.
	Asset Management Fees and Available Cash Distribution
	As defined in the advisory agreement, we pay the advisor asset management fees that vary based on the nature of the underlying investment. We pay 0.5% per annum of average market value for long-term net leases and certain other types of real estate investments, and 1.5% to 1.75% per annum of average equity value for certain types of securities. The asset management fees are payable in cash or shares of our common stock at the option of the advisor. If the advisor elects to receive all or a portion of its fees in shares, the number of shares issued is determined by dividing the dollar amount of fees by our most recently published estimated net asset value per share, or NAV, which was $9.50 as of December 31, 2013. For both 2014 and 2013, the advisor elected to receive its asset management fees in shares of our common stock. At June 30, 2014, the advisor owned 7,413,076 shares (2.3%) of our common stock. We also distribute to the advisor, depending on the type of investments we own, up to 10% of available cash of the Operating Partnership, referred to as the Available Cash Distribution, which is defined as cash generated from operations, excluding capital proceeds, as reduced by operating expenses and debt service, excluding prepayments and balloon payments. Asset management fees and Available Cash Distributions are included in Property expenses and Net income attributable to noncontrolling interests, respectively, in the consolidated financial statements.
	Personnel and Overhead Reimbursements
	Under the terms of the advisory agreement, the advisor allocates a portion of its personnel and overhead expenses to us and the other publicly-owned, non-listed REITs, which are managed by our advisor under the Corporate Property Associates brand name, or the CPA® REITs, and Carey Watermark Investors Incorporated, or CWI. The advisor allocates these expenses on the basis of our trailing four quarters of reported revenues and those of WPC, the CPA® REITs, and CWI.
	We reimburse the advisor for various expenses it incurs in the course of providing services to us. We reimburse certain third-party expenses paid by the advisor on our behalf, including property-specific costs, professional fees, office expenses and business development expenses. In addition, we reimburse the advisor for the allocated costs of personnel and overhead in managing our day-to-day operations, including accounting services, stockholder services, corporate management, and property management and operations. We do not reimburse the advisor for the cost of personnel if these personnel provide services for transactions for which the advisor receives a transaction fee, such as acquisitions and dispositions. Personnel and overhead reimbursements are included in General and administrative expenses in the consolidated financial statements.
	The advisor is obligated to reimburse us for the amount by which our operating expenses exceeds the “2%/25% guidelines” (the greater of 2% of average invested assets or 25% of net income) as defined in the advisory agreement for any 12-month period. If in any year our operating expenses exceed the 2%/25% guidelines, the advisor will have an obligation to reimburse us for such excess, subject to certain conditions. If our independent directors find that the excess expenses were justified based on any unusual and nonrecurring factors that they deem sufficient, the advisor may be paid in future years for the full amount or any portion of such excess expenses, but only to the extent that the reimbursement would not cause our operating expenses to exceed this limit in any such year. We record the reimbursement as a reduction of asset management fees at such time that a reimbursement is fixed, determinable and irrevocable. Our operating expenses have not exceeded the amount that would require the advisor to reimburse us.
	Jointly-Owned Investments and Other Transactions with Affiliates
	At June 30, 2014, we owned interests ranging from 7% to 85% in jointly-owned investments, with the remaining interests generally held by affiliates. We consolidate certain of these investments and account for the remainder under the equity method of accounting. We also owned interests in jointly-controlled tenancy-in-common interests in properties, which we account for under the equity method of accounting.
	On March 31, 2014, we and our affiliate, Corporate Property Associates 18 – Global Incorporated, or CPA®:18 – Global, a publicly owned, non-listed REIT that is also advised by the advisor, acquired an office facility located in Warsaw, Poland through a jointly-owned investment for $147.9 million, of which our share was $74.0 million. This office facility is subject to multiple leases, of which Bank Pekao S.A. is the largest tenant and accounts for 98% of the contractual rent. We account for this investment under the equity method of accounting (Note 6).

Net_Investments_in_Properties_

Net Investments in Properties and Real Estate Under Construction	6 Months Ended
	Jun. 30, 2014
Real Estate [Abstract]	'
Net Investments in Properties and Real Estate Under Construction	'
	Net Investments in Properties and Real Estate Under Construction
	Real Estate
	Real estate, which consists of land and buildings leased to others, at cost, and which are subject to operating leases, is summarized as follows (in thousands):
		June 30, 2014			December 31, 2013
	Land	$	525,783		$	553,389
	Buildings	1,902,223			1,848,926
	Less: Accumulated depreciation	(156,019		)	(129,051		)
		$	2,271,987		$	2,273,264
	During the six months ended June 30, 2014, we entered into a domestic investment, which was deemed to be a real estate acquisition because we entered into a new lease with the seller, for a manufacturing facility located in New Concord, Ohio at a cost of $4.4 million, including net lease intangible assets of $1.0 million (Note 7) and acquisition-related costs and fees of $0.4 million, which were capitalized.
	Additionally, we acquired an investment in an office building and an adjacent plot of land located in Tucson, Arizona at a cost of $19.0 million, comprised primarily of land of $2.5 million, buildings of $11.2 million, net lease intangible assets of $6.0 million (Note 7), and a purchase option of $0.6 million to acquire an adjacent office building. We assumed a non-recourse mortgage loan of $10.3 million (Note 10). We deemed this investment to be a business combination because we assumed the existing lease on the property. In connection with this investment, we expensed acquisition-related costs and fees of $1.0 million, which are included in Acquisition expenses in the consolidated financial statements.
	The impact on the carrying value of our Real estate due to the strengthening of the U.S. dollar relative to foreign currencies during the six months ended June 30, 2014 was a $5.6 million decrease from December 31, 2013 to June 30, 2014.
	Operating Real Estate
	Operating real estate, which consists primarily of our domestic hotel and self-storage operations, at cost, is summarized as follows (in thousands):
		June 30, 2014			December 31, 2013
	Land	$	66,066		$	66,066
	Buildings	205,670			217,304
	Less: Accumulated depreciation	(18,244		)	(15,354		)
		$	253,492		$	268,016
	Partial Sale
	In December 2011, we entered into a contract with I Shops LLC, a real estate developer, to finance the renovation of a hotel and construction of a shopping center. Additionally, as a condition to providing the construction loan, we entered into a contract with the developer that grants us the option to acquire a 15% equity interest in the parent company that owns I Shops LLC. We consolidated I Shops LLC, which held title to the property that secured our loan, because we had (i) control over the decisions that most significantly impacted the developer’s economic performance and (ii) the obligation to absorb losses and right to receive benefits from I Shops LLC. The property included an operating hotel and vacant land. We accounted for the construction loan as real estate under construction. During 2013, the hotel renovation was completed and during 2013 and 2014 portions of the shopping center were placed into service. However, as of June 30, 2014, two retail properties remained under construction which we also have the option to purchase from I Shops LLC.
	In April 2014, the developer repaid $68.3 million of the outstanding $84.6 million loan balance. The remaining balance of the loan relates to the two retail properties under construction. Upon substantial repayment of the loan, I Shops LLC no longer met the criteria for consolidation and was deconsolidated, with the exception of the two retail properties under construction. We expect to exchange the remaining loan balance for those properties when construction is completed.
	These transactions were accounted for as a partial sale resulting in a reduction in assets of $55.4 million, of which $27.9 million was included in Real estate, at cost, and $25.8 million was included in Operating real estate and $4.8 million was reclassified from Real estate, at cost, to Real estate under construction. We recognized a gain on disposition of real estate of $12.5 million associated with the completed hotel and portions of the shopping center that were transferred to the developer.
	Real Estate Under Construction
	The following table provides the activity of our Real estate under construction (in thousands):
		Six Months Ended			Year Ended
		June 30, 2014			December 31, 2013
	Beginning balance	$	127,935		$	71,285
	Capitalized funds	58,172			90,007
	Placed into service	(57,131		)	(42,225		)
	Capitalized interest	3,865			5,208
	Building improvements and other	(78		)	3,660
	Ending balance	$	132,763		$	127,935
	Capitalized Funds
	During the six months ended June 30, 2014, total capitalized funds were primarily comprised of $43.6 million in construction draws related to five build-to-suit projects, $9.5 million for the initial funding of two new build-to-suit projects, and $4.8 million that was reclassified to Real estate under construction from Real estate, at cost as a result of the partial sale of I Shops LLC. This reclassification was made to account for the two retail properties that we will purchase once construction is completed. See discussion above under Partial Sale. The amount capitalized also included acquisition-related costs and fees of $1.6 million related to the two new build-to-suit projects.
	During the year ended December 31, 2013, costs attributable to five ongoing build-to-suit projects comprised the balance of Real estate under construction, including capitalized acquisition-related costs and fees of $2.3 million.
	Placed into Service
	During the six months ended June 30, 2014, we placed into service two build-to-suit projects, of which one was completed and one was partially-completed, in the amount of $57.1 million. Of the total, $42.2 million was reclassified to Real estate, at cost and $14.9 million was reclassified to Operating real estate, at cost.
	During the year ended December 31, 2013, we placed into service three build-to-suit projects, of which two were completed and one was partially-completed, in the amount of $42.2 million. Of the total, $26.1 million was reclassified to Real estate, at cost, and $12.6 million was reclassified to Operating real estate, at cost. The remaining $3.5 million was related to improvements on an existing building that was reclassified to Real estate, at cost, at December 31, 2013.
	Capitalized Interest
	Capitalized interest includes amortization of the mortgage discount and deferred financing costs and interest costs incurred during construction, totaling $3.9 million and $5.2 million for the six months ended June 30, 2014 and the year ended December 31, 2013, respectively.
	Ending Balance
	At June 30, 2014, we had four open build-to-suit projects. At December 31, 2013, we had three open build-to-suit projects. The aggregate unfunded commitment on the remaining open projects totaled approximately $19.9 million and $46.7 million at June 30, 2014 and December 31, 2013, respectively.

Finance_Receivables

Finance Receivables	6 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Finance Receivables	'
	Finance Receivables
	Assets representing rights to receive money on demand or at fixed or determinable dates are referred to as finance receivables. Our finance receivables portfolio consists of our Net investments in direct financing leases and Note receivable. Operating leases are not included in finance receivables as such amounts are not recognized as an asset in the consolidated financial statements.
	Note Receivable
	In December 2010, we provided financing of $40.0 million to China Alliance Properties Limited, a subsidiary of Shanghai Forte Land Co., Ltd, or Forte. The financing was provided through a collateralized loan that is guaranteed by Forte’s parent company, Fosun International Limited, and has an interest rate of 11% and matures in December 2015. At both June 30, 2014 and December 31, 2013, the balance of the note receivable was $40.0 million. Our Note receivable is included in Other assets, net in the consolidated financial statements.
	Net Investment in Direct Financing Lease
	During the six months ended June 30, 2014, we entered into a net lease financing transaction for a manufacturing facility located in Bluffton, Indiana for $3.7 million, including capitalized acquisition-related fees and expenses of $0.3 million.
	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 defaults. At both June 30, 2014 and December 31, 2013, none of the balances of our finance receivables were past due and we had not established any allowances for credit losses. Additionally, there were no modifications of finance receivables during the six months ended June 30, 2014 or the year ended December 31, 2013. We evaluate the credit quality of our finance receivables utilizing an internal five-point credit rating scale, with one representing the highest credit quality and five representing the lowest. The credit quality evaluation of our finance receivables was last updated in the second quarter of 2014.
	A summary of our finance receivables by internal credit quality rating is as follows (dollars in thousands):
		Number of Tenants / Obligors at		Carrying Value
	Internal Credit Quality Indicator	June 30, 2014	December 31, 2013	June 30, 2014		December 31, 2013
	1	—	—	$	—	$	—
	2	1	1	2,254		2,250
	3	9	8	435,384		430,713
	4	3	3	87,452		86,953
	5	—	—	—		—
				$	525,090	$	519,916
	At June 30, 2014 and December 31, 2013, Other assets, net included $0.6 million and $0.8 million, respectively, of accounts receivable related to amounts billed under these direct financing leases.

Equity_Investments_in_Real_Est

Equity Investments in Real Estate	6 Months Ended
	Jun. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Equity Investments in Real Estate	'
	Equity Investments in Real Estate
	We own equity interests in 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 and where applicable, based upon an allocation of the investment’s net assets at book value as if the investment were hypothetically liquidated at the end of each reporting period. 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. Additionally, we provide funding to developers for the acquisition, development and construction of real estate, or ADC Arrangement. Under ADC Arrangements, we have provided two loans to third-party developers of real estate projects, which we account for as equity investments.
	The following table sets forth our ownership interests in our equity investments in real estate and their respective carrying values along with those ADC Arrangements that are recorded as equity investments (dollars in thousands):
				Ownership Interest at	Carrying Value at
	Lessee/Equity Investee		Co-owner(s)	30-Jun-14	June 30, 2014		December 31, 2013
	Shelborne Property Associates, LLC (a)		Third Party	33%	$	142,695	$	129,575
	C1000 Logistiek Vastgoed B.V. (b) (c) (d)		WPC	85%	80,624		84,119
	U-Haul Moving Partners, Inc. and Mercury Partners, LP		WPC	12%	42,181		43,051
	Bank Pekao S.A. (b) (e)		CPA®:18 – Global	50%	36,545		—
	Lineage Logistics Holdings LLC (f)		Third Party	7%	30,035		—
	IDL Wheel Tenant, LLC (g)		Third Party	N/A	27,274		6,017
	BPS Nevada, LLC		Third Party	15%	23,834		23,278
	Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC (h)		Third Party	45%	21,934		23,907
	State Farm		CPA®:18 – Global	50%	20,987		20,913
	Berry Plastics Corporation		WPC	50%	17,158		17,659
	Tesco plc (b)		WPC	49%	17,020		17,965
	Hellweg Die Profi-Baumärkte GmbH & Co. KG (b) (d)		WPC	37%	11,457		12,978
	Agrokor 5 (b) (i)		CPA®:18 – Global	20%	11,359		19,217
	Eroski Sociedad Cooperativa – Mallorca (b)		WPC	30%	9,502		9,639
	Dick’s Sporting Goods, Inc.		WPC	45%	5,086		4,646
					$	497,691	$	412,964
	___________
	(a)	Represents a domestic ADC Arrangement that we account for under the equity method of accounting as the characteristics of the arrangement with the third-party developer are more similar to a jointly-owned investment or partnership rather than a loan. We consider this investment a VIE. We provided funding of $9.1 million to this investment during the six months ended June 30, 2014. At June 30, 2014, the unfunded balance on the loan related to this investment was $2.0 million. Additionally, during the six months ended June 30, 2014, capital contributions were made by our partners that resulted in income attributed to us of $6.5 million based upon the hypothetical liquidation at book value method of accounting.
	(b)	The carrying value of this investment is affected by the impact of fluctuations in the exchange rate of the euro.
	(c)	This investment represents a tenancy-in-common interest, whereby the property is encumbered by debt for which we are jointly and severally liable. For this investment, the co-obligor is WPC and the amount due under the arrangement was approximately $93.8 million and $95.6 million at June 30, 2014 and December 31, 2013, respectively. Of these amounts, $79.8 million and $81.3 million represent the amounts we agreed to pay and are included within the carrying value of this investment at June 30, 2014 and December 31, 2013, respectively.
	(d)	The decrease in carrying value is primarily due to distributions made to us.
	(e)	See Acquisition of Equity Investment below. Carrying value includes our share of the acquisition expenses and VAT paid. Additionally, a $54.6 million distribution was made to us representing our share of new financing obtained by the investment during three months ended June 30, 2014.
	(f)	See Conversion to Equity Investment below.
	(g)	Represents a domestic ADC Arrangement that we account for under the equity method of accounting as the characteristics of the arrangement with the third-party developer are more similar to a jointly-owned investment or partnership rather than a loan. We consider this investment a VIE. We provided funding of $21.3 million to this investment and capitalized $0.4 million of interest related to the loan during the six months ended June 30, 2014. At June 30, 2014, the unfunded balance on the loan related to this investment was $22.8 million.
	(h)	In addition to our 45% equity interest, we have a 40% indirect economic interest in this investment based upon certain contractual arrangements with our partner in this entity that enable or could require us to purchase their interest.
	(i)	The decrease in carrying value is primarily due to a distribution made to us as a result of new financing obtained by the investment.
	We recognized net income from equity investments in real estate of $11.0 million and $1.7 million for the three months ended June 30, 2014 and 2013, respectively, and a net loss from equity investments in real estate of $7.7 million for the six months ended June 30, 2014 and net income from equity investments in real estate of $2.9 million for the six months ended June 30, 2013. Net income or loss from equity investments is based on the hypothetical liquidation at book value model as well as certain depreciation and amortization adjustments related to basis differentials from acquisitions of certain investments. Aggregate distributions from our interests in other unconsolidated real estate investments were $12.8 million and $18.1 million for the six months ended June 30, 2014 and the year ended December 31, 2013, respectively. At June 30, 2014 and December 31, 2013, the unamortized basis differences on our equity investments were $23.9 million and $25.9 million, respectively. Net amortization of the basis differences reduced the carrying values of our equity investments by $1.0 million and $0.9 million for the three months ended June 30, 2014 and 2013, respectively, and reduced the carrying values of our equity investments by $1.9 million and $1.7 million for the six months ended June 30, 2014 and 2013, respectively.
	Acquisition of Equity Investment
	In March 2014, we and CPA®:18 – Global acquired an office facility through a jointly-owned investment for a total cost of $147.9 million. Acquisition-related costs and fees totaling $8.4 million were expensed by the jointly-owned investment as this acquisition was deemed a business combination. We acquired a 50% interest in this venture for $74.0 million and account for this investment under the equity method of accounting.
	Conversion to Equity Investment
	In April 2014, we made a follow-on equity investment of $20.4 million, including acquisition-related fees and costs of $0.4 million, to our existing equity holdings in Lineage Logistics Holdings LLC, which was accounted for using the cost method of accounting. With our existing holdings, we were deemed to have a significant influence when we acquired our follow-on investment. As a result, we recorded the follow-on investment to Equity investments in real estate and reclassified our existing holdings, totaling $8.3 million, from Other assets, net to Equity investments in real estate during the six months ended June 30, 2014. Additionally, we recorded equity income of $1.4 million related to the investment for the three and six months ended June 30, 2014.

Intangible_Assets_and_Liabilit

Intangible Assets and Liabilities	6 Months Ended
	Jun. 30, 2014
Intangible Assets And Liabilities [Abstract]	'
Intangible Assets and Liabilities	'
	Intangible Assets and Liabilities
	In connection with our acquisitions of properties, we have recorded net lease intangibles that are being amortized over periods ranging from one year to 53 years. In addition, we have several ground leases that are being amortized over periods of up to 94 years. In-place lease intangibles are included in In-place lease intangible assets, net in the consolidated financial statements. Tenant relationship, above-market rent, below-market ground lease (as lessee) intangibles, and goodwill are included in Other intangible assets, net in the consolidated financial statements. Below-market rent and above-market ground lease (as lessor) intangibles are included in Below-market rent and other intangible liabilities, net in the consolidated financial statements.
	In connection with our investment activity during the six months ended June 30, 2014, we have recorded net lease intangibles comprised as follows (life in years, dollars in thousands):
		Weighted-Average Life		Amount
	Amortizable Intangible Assets
	In-place lease	3.6		$	6,753
	Above-market rent	20		455
				$	7,208
	Amortizable Intangible Liabilities
	Below-market rent	11.2		$	(185	)
	Intangible assets and liabilities are summarized as follows (in thousands):
		June 30, 2014										December 31, 2013
		Gross Carrying Amount				Accumulated			Net Carrying Amount			Gross Carrying Amount			Accumulated			Net Carrying Amount
						Amortization									Amortization
	Amortizable Intangible Assets
	In-place lease	$	544,633			$	(98,942	)	$	445,691		$	537,271		$	(80,027	)	$	457,244
	Above-market rent	97,315				(14,974		)	82,341			97,109			(12,413		)	84,696
	Tenant relationship	13,514				(4,469		)	9,045			13,552			(4,299		)	9,253
	Below-market ground leases	7,124				(139		)	6,985			7,124			(79		)	7,045
		662,586				(118,524		)	544,062			655,056			(96,818		)	558,238
	Unamortizable Intangible Assets
	Goodwill	342				—			342			4,062			—			4,062
	Total intangible assets	$	662,928			$	(118,524	)	$	544,404		$	659,118		$	(96,818	)	$	562,300
	Amortizable Intangible Liabilities
	Below-market rent	$	(113,076	)		$	10,873		$	(102,203	)	$	(110,606	)	$	8,163		$	(102,443	)
	Above-market ground lease	(1,145		)		10			(1,135		)	(157		)	3			(154		)
	Total intangible liabilities	$	(114,221	)		$	10,883		$	(103,338	)	$	(110,763	)	$	8,166		$	(102,597	)
	Net amortization of intangibles, including the effect of foreign currency translation, was $9.6 million and $8.5 million for the three months ended June 30, 2014 and 2013, respectively, and $19.1 million and $17.4 million for the six months ended June 30, 2014 and 2013, respectively. Amortization of below-market rent and above-market rent intangibles is recorded as an adjustment to Lease revenues, amortization of below-market ground lease intangibles is included in General and administrative expenses, and amortization of in-place lease, above-market ground lease, and tenant relationship intangibles is included in Depreciation and amortization.
	Based on the intangible assets and liabilities recorded at June 30, 2014, scheduled annual net amortization of intangibles for the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter is as follows (in thousands):
	Years Ending December 31,		Net (Increase) Decrease in Rental Income				Increase to Amortization/Property Expense			Net
	2014 (remaining)		$	(143	)		$	19,123		$	18,980
	2015		(278		)		36,666			36,388
	2016		13				32,021			32,034
	2017		236				29,354			29,590
	2018		262				29,246			29,508
	Thereafter		(19,953		)		314,177			294,224
			$	(19,863	)		$	460,587		$	440,724

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements
	The fair value of an asset is defined as the exit price, which is the amount that would either be received when an asset is sold or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-tier fair value hierarchy based on the inputs used in measuring fair value. These tiers are: Level 1, for which quoted market prices for identical instruments are available in active markets, such as money market funds, equity securities, and U.S. Treasury securities; Level 2, for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument, such as certain derivative instruments including an interest rate cap and swaps; and Level 3, for securities and other derivative assets 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.
	Derivative Assets — Our derivative assets, which are included in Other assets, net in the consolidated financial statements, are comprised of an interest rate cap, interest rate swaps, foreign currency collars, foreign currency forward contracts, stock warrants, embedded derivatives, and a swaption (Note 9). The interest rate cap, interest rate swaps, foreign currency collars, foreign currency forward contracts, and swaption 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 and embedded derivatives 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, foreign currency forward contracts, and embedded derivatives (Note 9). These interest rate swaps and foreign currency forward contracts were measured at fair value using readily observable market inputs, such as quotations on interest rates, and 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. The embedded derivatives were measured at fair value using internal valuation models that incorporate market inputs and our own assumptions about future cash flows. We classified these liabilities as Level 3 because these liabilities are not traded in an active market.
	We did not have any transfers into or out of Level 1, Level 2, and Level 3 measurements during either the three or six months ended June 30, 2014 or 2013. Gains and losses (realized and unrealized) included in earnings are reported in Other income and (expenses) in the consolidated financial statements.
	Our other financial instruments had the following carrying values and fair values as of the dates shown (in thousands):
			30-Jun-14				31-Dec-13
		Level	Carrying Value		Fair Value		Carrying Value		Fair Value
	Non-recourse debt (a)	3	$	1,940,848	$	1,991,018	$	1,915,601	$	1,944,865
	Note receivable (a)	3	40,000		42,760		40,000		43,890
	Deferred acquisition fees payable (b)	3	9,153		10,261		15,033		15,950
	Other securities (c)	3	10,385		10,385		9,915		15,548
	CMBS (d)	3	3,126		9,446		2,791		6,052
	___________
	(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 and interest rate risk. We also considered the value of the underlying collateral taking into account the quality of the collateral, the credit quality of the tenant/obligor, the time until maturity and the current market interest rate.
	(b)	We determined the estimated fair value of our deferred acquisition fees based on an estimate of discounted cash flows using two significant unobservable inputs, which are the leverage adjusted unsecured spread and an illiquidity adjustment of 355 basis points and 75 basis points, respectively. Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement.
	(c)	Amounts at June 30, 2014 primarily reflect our interest in a foreign debenture, which is included in Other assets, net in the consolidated financial statements. Amounts at December 31, 2013 reflect equity securities and an interest in a foreign debenture, both of which was included in Other assets, net in the consolidated financial statements. As of June 30, 2014, we converted the equity securities to an equity investment in real estate (Note 6).
	(d)	The carrying value of our commercial mortgage-backed securities, or CMBS, is inclusive of accretion related to the estimated cash flows expected to be received. There were no purchases, sales, or impairment charges recognized during either the six months ended June 30, 2014 or 2013.
	We estimated that our other financial assets and liabilities (excluding net investments in direct financing leases) had fair values that approximated their carrying values at both June 30, 2014 and December 31, 2013.
	Items Measured at Fair Value on a Non-Recurring Basis (Including Impairment Charges)
	We periodically assess whether there are any indicators that the value of our real estate investments may be impaired or that their carrying value may not be recoverable. For investments in real estate for which an impairment indicator is identified, we follow a two-step process to determine whether the investment is impaired and to determine the amount of the charge. First, we compare the carrying value of the property’s asset group to the future undiscounted net cash flows that we expect the property’s asset group will generate, including any estimated proceeds from the eventual sale of the property’s asset group. If this amount is less than the carrying value, the property’s asset group is considered to be impaired. We then measure the impairment charge as the excess of the carrying value of the property’s asset group over the estimated fair value of the property’s asset group, which is primarily determined using market information such as recent comparable sales or broker quotes. If relevant market information is not available or is not deemed appropriate, we perform a future net cash flow analysis discounted for inherent risk associated with each investment. We determined that the significant inputs used to value these investments fall within Level 3 for fair value accounting. As a result of our assessments, we calculated impairment charges based on market conditions and assumptions that existed at the time. The valuation of real estate is subject to significant judgment and actual results may differ materially if market conditions or the underlying assumptions change.
	We did not recognize any impairments for either the six months ended June 30, 2014 or 2013.

Risk_Management_and_Use_of_Der

Risk Management and Use of Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Risk Management and Use of Derivative Financial Instruments	'
	Risk Management and Use of Derivative Financial Instruments
	Risk Management
	In the normal course of our ongoing business operations, we encounter economic risk. There are three main components of economic risk that impact us: interest rate risk, credit risk, and market risk. We are primarily subject to interest rate risk on our interest-bearing assets and liabilities. 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 investments due to changes in interest rates or other market factors. In addition, we own investments in Europe and in Asia and are subject to the risks associated with changing foreign currency exchange rates.
	Derivative Financial Instruments
	When we use derivative instruments, it is generally to reduce our exposure to fluctuations in interest rates and foreign currency exchange rate movements. We have not entered, and do not plan to enter, into financial instruments for trading or speculative purposes. In addition to derivative instruments that we entered into on our own behalf, we may also be a party to derivative instruments that are embedded in other contracts, and we may own common stock warrants, granted to us by lessees when structuring lease transactions, which are considered to be derivative instruments. The primary risks related to our use of derivative instruments include default by a counterparty to a hedging arrangement on its obligation and a downgrade in the credit quality of a counterparty to such an extent that our ability to sell or assign our side of the hedging transaction is impaired. While we seek to mitigate these risks by entering into hedging arrangements with counterparties that are large financial institutions that we deem to be creditworthy, it is possible that our hedging transactions, which are intended to limit losses, could adversely affect our earnings. Furthermore, if we terminate a hedging arrangement, we may be obligated to pay certain costs, such as transaction or breakage fees. We have established policies and procedures for risk assessment and the approval, reporting and monitoring of derivative financial instrument activities.
	We measure derivative instruments at fair value and record them as assets or liabilities, depending on our rights or obligations under the applicable derivative contract. Derivatives that are not designated as hedges must be adjusted to fair value through earnings. For a derivative designated and that qualified as a cash flow hedge, the effective portion of the change in fair value of the derivative is recognized in Other comprehensive (loss) income until the hedged item is recognized in earnings. 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 are reported in Other comprehensive loss as part of the cumulative foreign currency translation adjustment. Amounts are reclassified out of Other comprehensive (loss) income 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 recognized directly in earnings.
	The following table sets forth certain information regarding our derivative instruments for the years presented (in thousands):
	Derivatives Designated				Asset Derivatives Fair Value at								Liability Derivatives Fair Value at
	as Hedging Instruments		Balance Sheet Location		June 30, 2014				December 31, 2013				June 30, 2014				December 31, 2013
	Foreign currency forward contracts		Other assets, net		$	1,801			$	2,002			$	—			$	—
	Interest rate swaps		Other assets, net		549				1,895				—				—
	Foreign currency collars		Other assets, net		145				429				—				—
	Foreign currency forward contracts		Accounts payable, accrued expenses and other liabilities		—				—				(11,818		)		(11,928		)
	Interest rate swaps		Accounts payable, accrued expenses and other liabilities		—				—				(15,287		)		(12,911		)
	Derivatives Not Designated
	as Hedging Instruments
	Embedded derivatives (a)		Accounts payable, accrued expenses and other liabilities		—				—				(599		)		(2,164		)
	Embedded derivatives (b)		Other assets, net		2,295				2,314				—				—
	Stock warrants (c)		Other assets, net		1,716				1,782				—				—
	Foreign currency forward contract (d)		Other assets, net		1,402				1,521				—				—
	Swaption (e)		Other assets, net		775				1,205				—				—
	Total derivatives				$	8,683			$	11,148			$	(27,704	)		$	(27,003	)
	___________
	(a)	In connection with the ADC Arrangement with IDL Wheel Tenant, LLC, we agreed to fund a portion of the loan in the euro and we locked the euro to U.S. dollar exchange rate at $1.278 to the developer at the time of the transaction (Note 6). This component of the loan is deemed to be an embedded derivative that requires separate measurement.
	(b)	In December 2013, there was an amendment to the loan commitment for the refinancing of Agrokor d.d., referred to as the Agrokor 4 portfolio, which provided for an effective net settlement provision.
	(c)	As part of the purchase of an interest in Hellweg Die Profi-Baumärkte GmbH & Co. KG, or Hellweg 2, from our then affiliate, Corporate Property Associates 14 Incorporated, or CPA®:14, in May 2011, we acquired warrants from CPA®:14, which were granted by Hellweg 2 to CPA®:14. These warrants give us participation rights to any distributions made by Hellweg 2 and we are entitled to a cash distribution that equals a certain percentage of the liquidity event price of Hellweg 2 should a liquidity event occur.
	(d)	In connection with one of our investments located in Japan, we entered into a foreign currency forward contract that protects against fluctuations in foreign currency rates related to the Japanese yen, but it did not qualify for hedge accounting.
	(e)	In connection with the non-recourse debt financing related to our Cuisine Solutions, Inc. investment, we executed a swap and purchased a swaption, which grants us the right to enter into a new swap with a predetermined fixed rate should there be an extension of the loan maturity date.
	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 June 30, 2014 and December 31, 2013, no cash collateral had been posted nor received for any of our derivative positions.
	The following tables present the impact of our derivative instruments on the consolidated financial statements (in thousands):
			Amount of Gain (Loss) Recognized in
			Other Comprehensive Loss on Derivatives (Effective Portion)
			Three Months Ended June 30,								Six Months Ended June 30,
	Derivatives in Cash Flow Hedging Relationships		2014				2013				2014				2013
	Interest rate cap (a)		$	355			$	298			$	687			$	565
	Interest rate swaps		(2,502		)		6,490				(4,421		)		8,457
	Foreign currency collars		(83		)		(1,077		)		(199		)		(61		)
	Foreign currency forward contracts		400				(1,770		)		(409		)		3,435
	Derivatives in Net Investment Hedging Relationships (b)
	Foreign currency forward contracts		257				(847		)		318				1,016
	Total		$	(1,573	)		$	3,094			$	(4,024	)		$	13,412
			Amount of Gain (Loss) Reclassified from
			Other Comprehensive Loss into Income (Effective Portion)
			Three Months Ended June 30,								Six Months Ended June 30,
	Derivatives in Cash Flow Hedging Relationships		2014				2013				2014				2013
	Interest rate cap		$	(355	)		$	(298	)		$	(687	)		$	(565	)
	Interest rate swaps		(2,217		)		(1,748		)		(3,932		)		(3,382		)
	Foreign currency collars (c)		118				523				194				941
	Foreign currency forward contracts (c)		89				83				(100		)		372
	Total		$	(2,365	)		$	(1,440	)		$	(4,525	)		$	(2,634	)
	___________
	(a)	Includes gains attributable to noncontrolling interests of $0.2 million and $0.1 million for the three months ended June 30, 2014 and 2013, respectively, and $0.3 million for both the six months ended June 30, 2014 and 2013, 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) income until the underlying investment is sold, at which time we reclassify the gain or loss to earnings.
	(c)	Gains (losses) reclassified from Other comprehensive (loss) income into income (loss) for contracts and collars that have matured are included in Other income and (expenses) in the consolidated financial statements.
					Amount of Gain (Loss) Recognized in
					Income on Derivatives
	Derivatives Not in Cash Flow		Location of Gain (Loss) Recognized in Income		Three Months Ended June 30,								Six Months Ended June 30,
	Hedging Relationships				2014				2013				2014				2013
	Embedded credit derivatives		Other income and (expenses)		$	163			$	(394	)		$	281			$	554
	Foreign currency forward contracts		Other income and (expenses)		(56		)		199				(118		)		762
	Stock warrants		Other income and (expenses)		(66		)		—				(66		)		165
	Swaption		Other income and (expenses)		(172		)		179				(430		)		179
	Interest rate swaps (a)		Interest expense		53				76				124				179
Total				$	(78	)		$	60			$	(209	)		$	1,839
___________
(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, may enter into interest rate swap agreements or interest rate cap agreements with counterparties. Interest rate swaps, which effectively convert the variable-rate debt service obligations of the loan to a fixed rate, are agreements in which one party exchanges a stream of interest payments for a counterparty’s stream of cash flow over a specific period. The notional, or face, amount on which the swaps are based is not exchanged. An interest rate cap limits the effective borrowing rate of variable-rate debt obligations while allowing participants to share in downward shifts in interest rates. A swaption gives us the right but not the obligation to enter into an interest rate swap, of which the terms and conditions are set on the trade date, on a specified date in the future. Our objective in using these derivatives is to limit our exposure to interest rate movements.
The interest rate swaps, cap, and swaption that we had outstanding on our consolidated subsidiaries at June 30, 2014 are summarized as follows (currency in thousands):
Interest Rate Derivatives		Number of Instruments		Notional				Fair Value at
				Amount				June 30, 2014 (a)
Interest rate cap (b)		1		$	113,842			$	—
Interest rate swaps		6		€	186,099			(9,575		)
Interest rate swaps		12		$	209,154			(5,163		)
Swaption		1		$	13,230			775
								$	(13,963	)
____________
(a)	Fair value amount is based on the exchange rate of the euro at June 30, 2014, as applicable.
(b)	The applicable interest rate of the related debt was 2.7%, which was below the interest rate of the cap of 4.0% at June 30, 2014. The notional amount of $51.2 million attributable to the noncontrolling interest is included in this cap and there is no fair value.
The interest rate swap that one of our unconsolidated jointly-owned investments had outstanding at June 30, 2014 and was designated as cash flow hedge is summarized as follows (currency in thousands):
Interest Rate Derivative		Ownership Interest in Investee at		Number of Instruments		Notional				Fair Value at
		30-Jun-14				Amount				June 30, 2014 (a)
Interest rate swap		85%		1		€	12,001			$	(500	)
____________
(a)	Fair value amount is based on the exchange rate of the euro at June 30, 2014.
Foreign Currency Contracts
We are exposed to foreign currency exchange rate movements, primarily in the euro and, to a lesser extent, the British pound sterling and the Japanese yen. We manage foreign currency exchange rate movements by generally placing our debt service obligation on an investment in the same currency as the tenant’s rental obligation to us. This reduces our overall exposure to the net cash flow from that investment. However, we are subject to foreign currency exchange rate movements to the extent of the difference in the timing and amount of the rental obligation and the debt service. Realized and unrealized gains and losses recognized in earnings related to foreign currency transactions are included in Other income and (expenses) in the consolidated financial statements.
In order to hedge certain of our foreign currency cash flow exposures, we enter into foreign currency forward contracts 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. 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 consists of a written call option and a purchased put option to sell the foreign currency. These instruments lock the range in which the foreign currency exchange rate may fluctuate.
The following table presents the foreign currency derivative contracts we had outstanding and their designations at June 30, 2014 (currency in thousands):
Foreign Currency Derivatives		Number of Instruments		Notional				Fair Value at
				Amount				June 30, 2014 (a)
Designated as Cash Flow Hedging Instruments
Foreign currency collars		1		€	4,468			$	145
Foreign currency forward contracts		105		€	209,723			(9,573		)
Foreign currency forward contracts		14		¥	650,343			1,556
Designated as Net Investment Hedging Instruments
Foreign currency forward contracts		1		€	45,000			(2,000		)
Not Designated as Hedging Instruments
Foreign currency forward contracts		1		¥	610,129			1,402
								$	(8,470	)
___________
(a)	Fair value amounts are based on the applicable exchange rate of the euro or the Japanese yen at June 30, 2014.
Other
Amounts reported in Other comprehensive income (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 income (loss) related to foreign currency derivative contracts will be reclassified to Other income and (expenses) when the hedged foreign currency proceeds from foreign operations are repatriated to the U.S. At June 30, 2014, we estimate that an additional $7.5 million, inclusive of amounts attributable to noncontrolling interests of $0.1 million, and $1.3 million will be reclassified as interest expense and other income, respectively, during the next 12 months.
We measure our credit exposure on a counterparty basis as the net positive aggregate estimated fair value of our derivatives, net of collateral received, if any. No collateral was received as of June 30, 2014. At June 30, 2014, our total credit exposure was $1.8 million, inclusive of noncontrolling interest, and the maximum exposure to any single counterparty was $1.3 million.
Some of the agreements we have with our derivative counterparties contain certain credit contingent provisions that could result in a declaration of default against us regarding our derivative obligations if we either default or are capable of being declared in default on certain of our indebtedness. At June 30, 2014, we had not been declared in default on any of our derivative obligations. The estimated fair value of our derivatives that were in a net liability position was $27.9 million and $25.1 million at June 30, 2014 and December 31, 2013, respectively, which included accrued interest and any adjustment for nonperformance risk. If we had breached any of these provisions at either June 30, 2014 or December 31, 2013, we could have been required to settle our obligations under these agreements at their aggregate termination value of $29.7 million and $27.1 million, respectively.
Portfolio Concentration Risk
Concentrations of credit risk arise when a number of tenants are engaged in similar business activities or have similar economic risks or conditions that could cause them to default on their lease obligations to us. We regularly monitor our portfolio to assess potential concentrations of credit risk. While we believe our portfolio is reasonably well diversified, it does contain concentrations in excess of 10%, based on the percentage of our contractual minimum annualized base rent for the second quarter of 2014, in certain areas. There were no significant changes to our portfolio concentrations at June 30, 2014 as compared to December 31, 2013.
Information about Geographic Areas
Our portfolio is comprised of domestic and international investments. At the end of the reporting period, our international investments were comprised of investments primarily in Europe and, to a lesser extent, Asia. With the exception of Italy, no other country comprised more than 10% of our total lease revenues or total long-lived assets at June 30, 2014. Foreign currency exposure and risk management are discussed above. The following tables present information about our investments on a geographic basis (in thousands):
		Three Months Ended June 30,								Six Months Ended June 30,
		2014				2013				2014				2013
Domestic
	Revenues	$	68,920			$	63,988			$	139,978			$	125,851
	Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	34,241				11,862				42,842				23,721
	Net income attributable to noncontrolling interests	(7,443		)		(7,695		)		(14,966		)		(14,818		)
	Net income attributable to CPA®:17 – Global	26,296				2,594				26,588				7,389
Italy
	Revenues	$	7,859			$	7,859			$	15,950			$	15,275
	Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	1,922				1,922				3,885				3,859
	Net income attributable to noncontrolling interests	—				—				—				—
	Net income attributable to CPA®:17 – Global	1,922				1,922				3,823				3,858
Other International
	Revenues	$	22,007			$	17,144			$	44,008			$	34,591
	Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	10,462				7,442				16,898				16,344
	Net income attributable to noncontrolling interests	(197		)		(237		)		(351		)		(401		)
	Net income attributable to CPA®:17 – Global	8,103				8,287				14,536				16,380
Total
	Revenues	$	98,786			$	88,991			$	199,936			$	175,717
	Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	46,625				21,226				63,625				43,924
	Net income attributable to noncontrolling interests	(7,640		)		(7,932		)		(15,317		)		(15,219		)
	Net income attributable to CPA®:17 – Global	36,321				12,803				44,947				27,627
		June 30, 2014				December 31, 2013
Domestic
	Long-lived assets (a)	$	2,405,834			$	2,195,465
	Non-recourse debt	1,331,765				1,319,094
Italy
	Long-lived assets (a)	$	337,303			$	343,876
	Non-recourse debt	220,942				223,937
Other International
	Long-lived assets (a)	$	897,886			$	1,022,754
	Non-recourse debt	388,141				372,570
Total
	Long-lived assets (a)	$	3,641,023			$	3,562,095
	Non-recourse debt	1,940,848				1,915,601
___________
(a)	Consists of Net investments in real estate.
For the six months ended June 30, 2014, the following tenants represent 5% or more of total lease revenues:
•	Metro Cash & Carry Italia S.p.A;
•	The New York Times Company; and
•	General Parts Inc., Golden State Supply LLC, Straus-Frank Enterprises LLC, General Parts Distribution LLC and Worldpac Inc.

NonRecourse_Debt

Non-Recourse Debt	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Non-Recourse Debt	'
	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 $2.9 billion at both June 30, 2014 and December 31, 2013. At June 30, 2014, our mortgage notes payable bore interest at fixed annual rates ranging from 2.0% to 8.0% and variable contractual annual rates ranging from 2.7% to 6.1%, with maturity dates ranging from 2014 to 2039.
	During the six months ended June 30, 2014, we obtained three new non-recourse mortgage financings totaling $29.7 million with a weighted-average annual interest rate and term of 4.4% and six years, respectively, of which $26.0 million related to investments we acquired during prior years and $3.7 million related to an investment we acquired during the current year period. We also assumed a non-recourse mortgage loan of $10.3 million, including unamortized premium of $1.3 million, in connection with a new investment acquired during the six months ended June 30, 2014. Additionally, we refinanced one non-recourse mortgage loan of $19.4 million with new financing of $22.9 million with an annual interest rate and term of 7.3% and 14 years, respectively, and recognized a $0.3 million loss on the extinguishment of the refinanced debt.
	Scheduled Debt Principal Payments
	Scheduled debt principal payments during the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter are as follows (in thousands):
	Years Ending December 31,	Total
	2014 (remainder)	$	18,526
	2015	73,511
	2016	299,894
	2017	365,025
	2018	156,632
	Thereafter through 2038	1,030,952
		1,944,540
	Unamortized discount, net	(3,692		)
	Total	$	1,940,848
	Certain amounts in the table above are based on the applicable foreign currency exchange rate at June 30, 2014. The impact on the carrying value of our Non-recourse debt due to the strengthening of the U.S. dollar relative to foreign currencies during the six months ended June 30, 2014 was a decrease of $2.9 million from December 31, 2013 to June 30, 2014.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	At June 30, 2014, we were not involved in any material litigation. Various 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. See Note 4 for unfunded construction commitments.

Equity

Equity	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Equity	'
	Equity
	Reclassifications Out of Accumulated Other Comprehensive Loss
	The following tables present a reconciliation of changes in accumulated other comprehensive loss by component for the periods presented (in thousands):
		Three Months Ended June 30, 2014
		Unrealized			Unrealized Appreciation (Depreciation) on Marketable Securities			Foreign Currency Translation Adjustments			Total
		Gains (Losses)
		on Derivative Instruments
	Beginning balance	$	(28,179	)	$	(367	)	$	19,309		$	(9,237	)
	Other comprehensive (loss) income before reclassifications	(3,937		)	23			(6,042		)	(9,956		)
	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	2,572			—			—			2,572
	Other income and (expenses)	(207		)	—			—			(207		)
	Total	2,365			—			—			2,365
	Net current-period Other comprehensive (loss) income	(1,572		)	23			(6,042		)	(7,591		)
	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(160		)	—			93			(67		)
	Ending balance	$	(29,911	)	$	(344	)	$	13,360		$	(16,895	)
		Three Months Ended June 30, 2013
		Unrealized			Unrealized Appreciation (Depreciation) on Marketable Securities			Foreign Currency Translation Adjustments			Total
		Gains (Losses)
		on Derivative Instruments
	Beginning balance	$	(15,690	)	$	(446	)	$	(34,125	)	$	(50,261	)
	Other comprehensive income before reclassifications	1,654			23			8,612			10,289
	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	2,046			—			—			2,046
	Other income and (expenses)	(606		)	—			—			(606		)
	Total	1,440			—			—			1,440
	Net current-period Other comprehensive income	3,094			23			8,612			11,729
	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(134		)	—			(123		)	(257		)
	Ending balance	$	(12,730	)	$	(423	)	$	(25,636	)	$	(38,789	)
		Six Months Ended June 30, 2014
		Unrealized			Unrealized Appreciation (Depreciation) on Marketable Securities			Foreign Currency Translation Adjustments			Total
		Gains (Losses)
		on Derivative Instruments
	Beginning balance	$	(25,579	)	$	(391	)	$	20,695		$	(5,275	)
	Other comprehensive (loss) income before reclassifications	(8,548		)	47			(7,432		)	(15,933		)
	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	4,619			—			—			4,619
	Other income and (expenses)	(94		)	—			—			(94		)
	Total	4,525			—			—			4,525
	Net current-period Other comprehensive (loss) income	(4,023		)	47			(7,432		)	(11,408		)
	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(309		)	—			97			(212		)
	Ending balance	$	(29,911	)	$	(344	)	$	13,360		$	(16,895	)
		Six Months Ended June 30, 2013
		Unrealized			Unrealized Appreciation (Depreciation) on Marketable Securities			Foreign Currency Translation Adjustments			Total
		Gains (Losses)
		on Derivative Instruments
	Beginning balance	$	(25,888	)	$	(470	)	$	(9,008	)	$	(35,366	)
	Other comprehensive income (loss) before reclassifications	10,778			47			(16,863		)	(6,038		)
	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	3,947			—			—			3,947
	Other income and (expenses)	(1,313		)	—			—			(1,313		)
	Total	2,634			—			—			2,634
	Net current-period Other comprehensive income (loss)	13,412			47			(16,863		)	(3,404		)
	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(254		)	—			235			(19		)
	Ending balance	$	(12,730	)	$	(423	)	$	(25,636	)	$	(38,789	)
	Distributions Declared
	During the second quarter of 2014, we declared a quarterly distribution of $0.1625 per share, which was paid on July 15, 2014 to the stockholders of record on June 30, 2014, in the amount of $52.5 million.

Property_Dispositions_and_Disc

Property Dispositions and Discontinued Operations	6 Months Ended
	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Property Dispositions and Discontinued Operations	'
	Property Dispositions and Discontinued Operations
	From time to time, we may decide to sell a property. We have an active capital recycling program in which we extend the average lease term through reinvestment, improve portfolio credit quality through dispositions and acquisitions of assets, increase the asset criticality factor in our portfolio and execute 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. For those properties sold prior to January 1, 2014, the current and prior period results of operations of the property have been reclassified as discontinued operations under current accounting guidance (Note 2).
	Property Dispositions Included in Continuing Operations
	During the six months ended June 30, 2014, we recognized a partial sale of a retail project and recognized a gain on disposition of real estate of $12.5 million (Note 4).
	Property Dispositions Included in Discontinued Operations
	The results of operations for properties that have been sold prior to January 1, 2014, and with which we have no continuing involvement, are reflected in the consolidated financial statements as discontinued operations and are summarized as follows (in thousands, net of tax):
		Three Months Ended June 30,					Six Months Ended June 30,
		2014		2013			2014		2013
	Revenues	$	—	$	1,257		$	—	$	2,378
	Expenses	—		(994		)	—		(1,886		)
	Income from discontinued operations	$	—	$	263		$	—	$	492
	In October 2013, we sold a hotel for $20.0 million, net of selling costs, and recognized a gain on the sale of $8.0 million. We repaid the related outstanding non-recourse mortgage loan of $5.1 million at the time of the sale and recognized a loss on the extinguishment of debt of $1.0 million.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
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.
	We have investments in tenancy-in-common interests in various domestic and international properties. Consolidation of these investments is not required as such interests do not qualify as VIEs and do not meet the control requirement required for consolidation. Accordingly, we account for these investments using the equity method of accounting. We use the equity method of accounting because the shared decision-making involved in a tenancy-in-common interest investment provides us with significant influence on the operating and financial decisions of these investments.
	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.
	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.
Equity Method Investments	'
	We own equity interests in 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 and where applicable, based upon an allocation of the investment’s net assets at book value as if the investment were hypothetically liquidated at the end of each reporting period. 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. Additionally, we provide funding to developers for the acquisition, development and construction of real estate, or ADC Arrangement. Under ADC Arrangements, we have provided two loans to third-party developers of real estate projects, which we account for as equity investments.
Intangible Assets and Liabilities	'
	In connection with our acquisitions of properties, we have recorded net lease intangibles that are being amortized over periods ranging from one year to 53 years. In addition, we have several ground leases that are being amortized over periods of up to 94 years. In-place lease intangibles are included in In-place lease intangible assets, net in the consolidated financial statements. Tenant relationship, above-market rent, below-market ground lease (as lessee) intangibles, and goodwill are included in Other intangible assets, net in the consolidated financial statements. Below-market rent and above-market ground lease (as lessor) 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 below-market ground lease intangibles is included in General and administrative expenses, and amortization of in-place lease, above-market ground lease, and tenant relationship intangibles is included in Depreciation and amortization.
Fair Value of Financial Instruments	'
	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 an interest rate cap and swaps; and Level 3, for securities and other derivative assets 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.
	Derivative Assets — Our derivative assets, which are included in Other assets, net in the consolidated financial statements, are comprised of an interest rate cap, interest rate swaps, foreign currency collars, foreign currency forward contracts, stock warrants, embedded derivatives, and a swaption (Note 9). The interest rate cap, interest rate swaps, foreign currency collars, foreign currency forward contracts, and swaption 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 and embedded derivatives 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, foreign currency forward contracts, and embedded derivatives (Note 9). These interest rate swaps and foreign currency forward contracts were measured at fair value using readily observable market inputs, such as quotations on interest rates, and 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. The embedded derivatives were measured at fair value using internal valuation models that incorporate market inputs and our own assumptions about future cash flows. We classified these liabilities as Level 3 because these liabilities are not traded in an active market.
Derivatives	'
	We measure derivative instruments at fair value and record them as assets or liabilities, depending on our rights or obligations under the applicable derivative contract. Derivatives that are not designated as hedges must be adjusted to fair value through earnings. For a derivative designated and that qualified as a cash flow hedge, the effective portion of the change in fair value of the derivative is recognized in Other comprehensive (loss) income until the hedged item is recognized in earnings. 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 are reported in Other comprehensive loss as part of the cumulative foreign currency translation adjustment. Amounts are reclassified out of Other comprehensive (loss) income 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 recognized directly in earnings.
Discontinued Operations	'
	From time to time, we may decide to sell a property. We have an active capital recycling program in which we extend the average lease term through reinvestment, improve portfolio credit quality through dispositions and acquisitions of assets, increase the asset criticality factor in our portfolio and execute 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. For those properties sold prior to January 1, 2014, the current and prior period results of operations of the property have been reclassified as discontinued operations under current accounting guidance (Note 2).
Recent Accounting Requirements	'
	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. Additionally, this guidance modifies disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.   ASU 2014-09 is effective beginning in 2017, and early adoption is not permitted. In adopting ASU 2014-09, companies may use either a full retrospective or a modified retrospective approach. We are currently evaluating the impact of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017.
	ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360). ASU 2014-08 changes the requirements for reporting discontinued operations. A discontinued operation may include a component of an entity or a group of components of an entity, or a business. Under this new guidance, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a “strategic shift that has or will have a major effect on an entity’s operations and financial results.” The new guidance also requires disclosures including pre-tax profit or loss and significant gains or losses arising from dispositions that represent an “individually significant component of an entity,” but do not meet the criteria to be reported as discontinued operations under ASU 2014-08. In the ordinary course of business, we sell properties, which, under prior accounting guidance, we generally reported as discontinued operations; however, under ASU 2014-08 such property dispositions typically would not meet the criteria to be reported as discontinued operations. We elected to early adopt ASU 2014-08 prospectively for all dispositions after December 31, 2013. Consequently, individually significant properties that were sold during 2014 were not reclassified to discontinued operations in the consolidated statements of income, but are disclosed in Note 13 to the consolidated financial statements. By contrast, and as required by the new guidance, the consolidated statements of income for the prior year periods reflect all dispositions through December 31, 2013 as discontinued operations, which were deemed discontinued operations under the prior accounting guidance. This ASU did not have a significant impact on our financial position or results of operations for any of the periods presented.
	ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU 2013-11 requires an entity to present an unrecognized tax benefit relating to a net operating loss carryforward, a similar tax loss or a tax credit carryforward as a reduction to a deferred tax asset except in certain situations. To the extent the net operating loss carryforward, similar tax loss or tax credit carryforward is not available as of the reporting date under the governing tax law to settle any additional income taxes that would result from the disallowance of the tax position, or the governing tax law does not require the entity to use and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and should not net with a deferred tax asset. ASU No. 2013-11 is effective for us at the beginning of 2014. The adoption of ASU 2013-11 did not have a material impact on our financial condition or results of operations.

Agreements_and_Transactions_wi1

Agreements and Transactions with Related Parties (Tables)	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Schedule of Related Party Transactions	'
	The following tables present a summary of fees we paid, expenses we reimbursed, and distributions we made to the advisor and other affiliates in accordance with the advisory agreement and the operating partnership agreement (in thousands):
		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
	Amounts Included in the Consolidated Statements of Income:
	Asset management fees	$	6,846	$	5,365	$	13,465	$	10,476
	Available Cash Distribution	4,590		4,847		9,269		9,124
	Personnel and overhead reimbursements	2,503		1,628		5,622		4,267
	Office rent reimbursements	321		365		702		583
	Acquisition expenses	298		404		1,191		1,170
	Interest expense on deferred acquisition fees and loan from affiliate	129		206		280		442
		$	14,687	$	12,815	$	30,529	$	26,062
	Acquisition Fees Capitalized:
	Current acquisition fees	$	1,351	$	862	$	1,355	$	2,187
	Deferred acquisition fees	682		364		690		1,218
		$	2,033	$	1,226	$	2,045	$	3,405
		June 30, 2014		December 31, 2013
	Due to Affiliates:
	Deferred acquisition fees, including interest	$	9,446	$	15,573
	Asset management fees payable	2,284		1,972
	Accounts payable	1,843		2,200
	Reimbursable costs	425		264
	Subordinated disposition fees	202		202
		$	14,200	$	20,211

Net_Investments_in_Properties_1

Net Investments in Properties and Real Estate Under Construction (Tables)	6 Months Ended
	Jun. 30, 2014
Real Estate [Abstract]	'
Schedule of Real Estate Properties	'
	Operating real estate, which consists primarily of our domestic hotel and self-storage operations, at cost, is summarized as follows (in thousands):
		June 30, 2014			December 31, 2013
	Land	$	66,066		$	66,066
	Buildings	205,670			217,304
	Less: Accumulated depreciation	(18,244		)	(15,354		)
		$	253,492		$	268,016
	Real estate, which consists of land and buildings leased to others, at cost, and which are subject to operating leases, is summarized as follows (in thousands):
		June 30, 2014			December 31, 2013
	Land	$	525,783		$	553,389
	Buildings	1,902,223			1,848,926
	Less: Accumulated depreciation	(156,019		)	(129,051		)
		$	2,271,987		$	2,273,264
Other Real Estate, Roll Forward	'
	The following table provides the activity of our Real estate under construction (in thousands):
		Six Months Ended			Year Ended
		June 30, 2014			December 31, 2013
	Beginning balance	$	127,935		$	71,285
	Capitalized funds	58,172			90,007
	Placed into service	(57,131		)	(42,225		)
	Capitalized interest	3,865			5,208
	Building improvements and other	(78		)	3,660
	Ending balance	$	132,763		$	127,935

Finance_Receivables_Tables

Finance Receivables (Tables)	6 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Financing Receivable 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
	Internal Credit Quality Indicator	June 30, 2014	December 31, 2013	June 30, 2014		December 31, 2013
	1	—	—	$	—	$	—
	2	1	1	2,254		2,250
	3	9	8	435,384		430,713
	4	3	3	87,452		86,953
	5	—	—	—		—
				$	525,090	$	519,916

Equity_Investments_in_Real_Est1

Equity Investments in Real Estate (Tables)	6 Months Ended
	Jun. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Equity Method Investments	'
	The following table sets forth our ownership interests in our equity investments in real estate and their respective carrying values along with those ADC Arrangements that are recorded as equity investments (dollars in thousands):
				Ownership Interest at	Carrying Value at
	Lessee/Equity Investee		Co-owner(s)	30-Jun-14	June 30, 2014		December 31, 2013
	Shelborne Property Associates, LLC (a)		Third Party	33%	$	142,695	$	129,575
	C1000 Logistiek Vastgoed B.V. (b) (c) (d)		WPC	85%	80,624		84,119
	U-Haul Moving Partners, Inc. and Mercury Partners, LP		WPC	12%	42,181		43,051
	Bank Pekao S.A. (b) (e)		CPA®:18 – Global	50%	36,545		—
	Lineage Logistics Holdings LLC (f)		Third Party	7%	30,035		—
	IDL Wheel Tenant, LLC (g)		Third Party	N/A	27,274		6,017
	BPS Nevada, LLC		Third Party	15%	23,834		23,278
	Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC (h)		Third Party	45%	21,934		23,907
	State Farm		CPA®:18 – Global	50%	20,987		20,913
	Berry Plastics Corporation		WPC	50%	17,158		17,659
	Tesco plc (b)		WPC	49%	17,020		17,965
	Hellweg Die Profi-Baumärkte GmbH & Co. KG (b) (d)		WPC	37%	11,457		12,978
	Agrokor 5 (b) (i)		CPA®:18 – Global	20%	11,359		19,217
	Eroski Sociedad Cooperativa – Mallorca (b)		WPC	30%	9,502		9,639
	Dick’s Sporting Goods, Inc.		WPC	45%	5,086		4,646
					$	497,691	$	412,964
	___________
	(a)	Represents a domestic ADC Arrangement that we account for under the equity method of accounting as the characteristics of the arrangement with the third-party developer are more similar to a jointly-owned investment or partnership rather than a loan. We consider this investment a VIE. We provided funding of $9.1 million to this investment during the six months ended June 30, 2014. At June 30, 2014, the unfunded balance on the loan related to this investment was $2.0 million. Additionally, during the six months ended June 30, 2014, capital contributions were made by our partners that resulted in income attributed to us of $6.5 million based upon the hypothetical liquidation at book value method of accounting.
	(b)	The carrying value of this investment is affected by the impact of fluctuations in the exchange rate of the euro.
	(c)	This investment represents a tenancy-in-common interest, whereby the property is encumbered by debt for which we are jointly and severally liable. For this investment, the co-obligor is WPC and the amount due under the arrangement was approximately $93.8 million and $95.6 million at June 30, 2014 and December 31, 2013, respectively. Of these amounts, $79.8 million and $81.3 million represent the amounts we agreed to pay and are included within the carrying value of this investment at June 30, 2014 and December 31, 2013, respectively.
	(d)	The decrease in carrying value is primarily due to distributions made to us.
	(e)	See Acquisition of Equity Investment below. Carrying value includes our share of the acquisition expenses and VAT paid. Additionally, a $54.6 million distribution was made to us representing our share of new financing obtained by the investment during three months ended June 30, 2014.
	(f)	See Conversion to Equity Investment below.
	(g)	Represents a domestic ADC Arrangement that we account for under the equity method of accounting as the characteristics of the arrangement with the third-party developer are more similar to a jointly-owned investment or partnership rather than a loan. We consider this investment a VIE. We provided funding of $21.3 million to this investment and capitalized $0.4 million of interest related to the loan during the six months ended June 30, 2014. At June 30, 2014, the unfunded balance on the loan related to this investment was $22.8 million.
	(h)	In addition to our 45% equity interest, we have a 40% indirect economic interest in this investment based upon certain contractual arrangements with our partner in this entity that enable or could require us to purchase their interest.
	(i)	The decrease in carrying value is primarily due to a distribution made to us as a result of new financing obtained by the investment.

Intangible_Assets_and_Liabilit1

Intangible Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2014
Intangible Assets And Liabilities [Abstract]	'
Schedule Of Acquired Intangible Assets Liabilities By Major Class	'
	In connection with our investment activity during the six months ended June 30, 2014, we have recorded net lease intangibles comprised as follows (life in years, dollars in thousands):
		Weighted-Average Life		Amount
	Amortizable Intangible Assets
	In-place lease	3.6		$	6,753
	Above-market rent	20		455
				$	7,208
	Amortizable Intangible Liabilities
	Below-market rent	11.2		$	(185	)
Schedule Of Intangible Assets and Liabilities	'
	Intangible assets and liabilities are summarized as follows (in thousands):
		June 30, 2014										December 31, 2013
		Gross Carrying Amount				Accumulated			Net Carrying Amount			Gross Carrying Amount			Accumulated			Net Carrying Amount
						Amortization									Amortization
	Amortizable Intangible Assets
	In-place lease	$	544,633			$	(98,942	)	$	445,691		$	537,271		$	(80,027	)	$	457,244
	Above-market rent	97,315				(14,974		)	82,341			97,109			(12,413		)	84,696
	Tenant relationship	13,514				(4,469		)	9,045			13,552			(4,299		)	9,253
	Below-market ground leases	7,124				(139		)	6,985			7,124			(79		)	7,045
		662,586				(118,524		)	544,062			655,056			(96,818		)	558,238
	Unamortizable Intangible Assets
	Goodwill	342				—			342			4,062			—			4,062
	Total intangible assets	$	662,928			$	(118,524	)	$	544,404		$	659,118		$	(96,818	)	$	562,300
	Amortizable Intangible Liabilities
	Below-market rent	$	(113,076	)		$	10,873		$	(102,203	)	$	(110,606	)	$	8,163		$	(102,443	)
	Above-market ground lease	(1,145		)		10			(1,135		)	(157		)	3			(154		)
	Total intangible liabilities	$	(114,221	)		$	10,883		$	(103,338	)	$	(110,763	)	$	8,166		$	(102,597	)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	'
	Based on the intangible assets and liabilities recorded at June 30, 2014, scheduled annual net amortization of intangibles for the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter is as follows (in thousands):
	Years Ending December 31,		Net (Increase) Decrease in Rental Income				Increase to Amortization/Property Expense			Net
	2014 (remaining)		$	(143	)		$	19,123		$	18,980
	2015		(278		)		36,666			36,388
	2016		13				32,021			32,034
	2017		236				29,354			29,590
	2018		262				29,246			29,508
	Thereafter		(19,953		)		314,177			294,224
			$	(19,863	)		$	460,587		$	440,724

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Schedule Of Other Financial Instruments In Carrying Values And Fair Values	'
	Our other financial instruments had the following carrying values and fair values as of the dates shown (in thousands):
			30-Jun-14				31-Dec-13
		Level	Carrying Value		Fair Value		Carrying Value		Fair Value
	Non-recourse debt (a)	3	$	1,940,848	$	1,991,018	$	1,915,601	$	1,944,865
	Note receivable (a)	3	40,000		42,760		40,000		43,890
	Deferred acquisition fees payable (b)	3	9,153		10,261		15,033		15,950
	Other securities (c)	3	10,385		10,385		9,915		15,548
	CMBS (d)	3	3,126		9,446		2,791		6,052
	___________
	(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 and interest rate risk. We also considered the value of the underlying collateral taking into account the quality of the collateral, the credit quality of the tenant/obligor, the time until maturity and the current market interest rate.
	(b)	We determined the estimated fair value of our deferred acquisition fees based on an estimate of discounted cash flows using two significant unobservable inputs, which are the leverage adjusted unsecured spread and an illiquidity adjustment of 355 basis points and 75 basis points, respectively. Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement.
	(c)	Amounts at June 30, 2014 primarily reflect our interest in a foreign debenture, which is included in Other assets, net in the consolidated financial statements. Amounts at December 31, 2013 reflect equity securities and an interest in a foreign debenture, both of which was included in Other assets, net in the consolidated financial statements. As of June 30, 2014, we converted the equity securities to an equity investment in real estate (Note 6).
	(d)	The carrying value of our commercial mortgage-backed securities, or CMBS, is inclusive of accretion related to the estimated cash flows expected to be received. There were no purchases, sales, or impairment charges recognized during either the six months ended June 30, 2014 or 2013.

Risk_Management_and_Use_of_Der1

Risk Management and Use of Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	'
	The following table sets forth certain information regarding our derivative instruments for the years presented (in thousands):
	Derivatives Designated				Asset Derivatives Fair Value at								Liability Derivatives Fair Value at
	as Hedging Instruments		Balance Sheet Location		June 30, 2014				December 31, 2013				June 30, 2014				December 31, 2013
	Foreign currency forward contracts		Other assets, net		$	1,801			$	2,002			$	—			$	—
	Interest rate swaps		Other assets, net		549				1,895				—				—
	Foreign currency collars		Other assets, net		145				429				—				—
	Foreign currency forward contracts		Accounts payable, accrued expenses and other liabilities		—				—				(11,818		)		(11,928		)
	Interest rate swaps		Accounts payable, accrued expenses and other liabilities		—				—				(15,287		)		(12,911		)
	Derivatives Not Designated
	as Hedging Instruments
	Embedded derivatives (a)		Accounts payable, accrued expenses and other liabilities		—				—				(599		)		(2,164		)
	Embedded derivatives (b)		Other assets, net		2,295				2,314				—				—
	Stock warrants (c)		Other assets, net		1,716				1,782				—				—
	Foreign currency forward contract (d)		Other assets, net		1,402				1,521				—				—
	Swaption (e)		Other assets, net		775				1,205				—				—
	Total derivatives				$	8,683			$	11,148			$	(27,704	)		$	(27,003	)
	___________
	(a)	In connection with the ADC Arrangement with IDL Wheel Tenant, LLC, we agreed to fund a portion of the loan in the euro and we locked the euro to U.S. dollar exchange rate at $1.278 to the developer at the time of the transaction (Note 6). This component of the loan is deemed to be an embedded derivative that requires separate measurement.
	(b)	In December 2013, there was an amendment to the loan commitment for the refinancing of Agrokor d.d., referred to as the Agrokor 4 portfolio, which provided for an effective net settlement provision.
	(c)	As part of the purchase of an interest in Hellweg Die Profi-Baumärkte GmbH & Co. KG, or Hellweg 2, from our then affiliate, Corporate Property Associates 14 Incorporated, or CPA®:14, in May 2011, we acquired warrants from CPA®:14, which were granted by Hellweg 2 to CPA®:14. These warrants give us participation rights to any distributions made by Hellweg 2 and we are entitled to a cash distribution that equals a certain percentage of the liquidity event price of Hellweg 2 should a liquidity event occur.
	(d)	In connection with one of our investments located in Japan, we entered into a foreign currency forward contract that protects against fluctuations in foreign currency rates related to the Japanese yen, but it did not qualify for hedge accounting.
	(e)	In connection with the non-recourse debt financing related to our Cuisine Solutions, Inc. investment, we executed a swap and purchased a swaption, which grants us the right to enter into a new swap with a predetermined fixed rate should there be an extension of the loan maturity date.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	'
	The following tables present the impact of our derivative instruments on the consolidated financial statements (in thousands):
			Amount of Gain (Loss) Recognized in
			Other Comprehensive Loss on Derivatives (Effective Portion)
			Three Months Ended June 30,								Six Months Ended June 30,
	Derivatives in Cash Flow Hedging Relationships		2014				2013				2014				2013
	Interest rate cap (a)		$	355			$	298			$	687			$	565
	Interest rate swaps		(2,502		)		6,490				(4,421		)		8,457
	Foreign currency collars		(83		)		(1,077		)		(199		)		(61		)
	Foreign currency forward contracts		400				(1,770		)		(409		)		3,435
	Derivatives in Net Investment Hedging Relationships (b)
	Foreign currency forward contracts		257				(847		)		318				1,016
	Total		$	(1,573	)		$	3,094			$	(4,024	)		$	13,412
			Amount of Gain (Loss) Reclassified from
			Other Comprehensive Loss into Income (Effective Portion)
			Three Months Ended June 30,								Six Months Ended June 30,
	Derivatives in Cash Flow Hedging Relationships		2014				2013				2014				2013
	Interest rate cap		$	(355	)		$	(298	)		$	(687	)		$	(565	)
	Interest rate swaps		(2,217		)		(1,748		)		(3,932		)		(3,382		)
	Foreign currency collars (c)		118				523				194				941
	Foreign currency forward contracts (c)		89				83				(100		)		372
	Total		$	(2,365	)		$	(1,440	)		$	(4,525	)		$	(2,634	)
	___________
	(a)	Includes gains attributable to noncontrolling interests of $0.2 million and $0.1 million for the three months ended June 30, 2014 and 2013, respectively, and $0.3 million for both the six months ended June 30, 2014 and 2013, 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) income until the underlying investment is sold, at which time we reclassify the gain or loss to earnings.
	(c)	Gains (losses) reclassified from Other comprehensive (loss) income into income (loss) for contracts and collars that have matured are included in Other income and (expenses) in the consolidated financial statements.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	'
					Amount of Gain (Loss) Recognized in
					Income on Derivatives
	Derivatives Not in Cash Flow		Location of Gain (Loss) Recognized in Income		Three Months Ended June 30,								Six Months Ended June 30,
	Hedging Relationships				2014				2013				2014				2013
	Embedded credit derivatives		Other income and (expenses)		$	163			$	(394	)		$	281			$	554
	Foreign currency forward contracts		Other income and (expenses)		(56		)		199				(118		)		762
	Stock warrants		Other income and (expenses)		(66		)		—				(66		)		165
	Swaption		Other income and (expenses)		(172		)		179				(430		)		179
	Interest rate swaps (a)		Interest expense		53				76				124				179
	Total				$	(78	)		$	60			$	(209	)		$	1,839
	___________
	(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 and their designations at June 30, 2014 (currency in thousands):
	Foreign Currency Derivatives		Number of Instruments		Notional				Fair Value at
					Amount				June 30, 2014 (a)
	Designated as Cash Flow Hedging Instruments
	Foreign currency collars		1		€	4,468			$	145
	Foreign currency forward contracts		105		€	209,723			(9,573		)
	Foreign currency forward contracts		14		¥	650,343			1,556
	Designated as Net Investment Hedging Instruments
	Foreign currency forward contracts		1		€	45,000			(2,000		)
	Not Designated as Hedging Instruments
	Foreign currency forward contracts		1		¥	610,129			1,402
									$	(8,470	)
	___________
	(a)	Fair value amounts are based on the applicable exchange rate of the euro or the Japanese yen at June 30, 2014.
	The interest rate swaps, cap, and swaption that we had outstanding on our consolidated subsidiaries at June 30, 2014 are summarized as follows (currency in thousands):
	Interest Rate Derivatives		Number of Instruments		Notional				Fair Value at
					Amount				June 30, 2014 (a)
	Interest rate cap (b)		1		$	113,842			$	—
	Interest rate swaps		6		€	186,099			(9,575		)
	Interest rate swaps		12		$	209,154			(5,163		)
	Swaption		1		$	13,230			775
									$	(13,963	)
	____________
	(a)	Fair value amount is based on the exchange rate of the euro at June 30, 2014, as applicable.
	(b)	The applicable interest rate of the related debt was 2.7%, which was below the interest rate of the cap of 4.0% at June 30, 2014. The notional amount of $51.2 million attributable to the noncontrolling interest is included in this cap and there is no fair value.
	The interest rate swap that one of our unconsolidated jointly-owned investments had outstanding at June 30, 2014 and was designated as cash flow hedge is summarized as follows (currency in thousands):
	Interest Rate Derivative		Ownership Interest in Investee at		Number of Instruments		Notional				Fair Value at
			30-Jun-14				Amount				June 30, 2014 (a)
	Interest rate swap		85%		1		€	12,001			$	(500	)
	____________
	(a)	Fair value amount is based on the exchange rate of the euro at June 30, 2014.
Domestic And International Investments Revenues And Net Investments In Real Estate	'
	The following tables present information about our investments on a geographic basis (in thousands):
			Three Months Ended June 30,								Six Months Ended June 30,
			2014				2013				2014				2013
	Domestic
		Revenues	$	68,920			$	63,988			$	139,978			$	125,851
		Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	34,241				11,862				42,842				23,721
		Net income attributable to noncontrolling interests	(7,443		)		(7,695		)		(14,966		)		(14,818		)
		Net income attributable to CPA®:17 – Global	26,296				2,594				26,588				7,389
	Italy
		Revenues	$	7,859			$	7,859			$	15,950			$	15,275
		Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	1,922				1,922				3,885				3,859
		Net income attributable to noncontrolling interests	—				—				—				—
		Net income attributable to CPA®:17 – Global	1,922				1,922				3,823				3,858
	Other International
		Revenues	$	22,007			$	17,144			$	44,008			$	34,591
		Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	10,462				7,442				16,898				16,344
		Net income attributable to noncontrolling interests	(197		)		(237		)		(351		)		(401		)
		Net income attributable to CPA®:17 – Global	8,103				8,287				14,536				16,380
	Total
		Revenues	$	98,786			$	88,991			$	199,936			$	175,717
		Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	46,625				21,226				63,625				43,924
		Net income attributable to noncontrolling interests	(7,640		)		(7,932		)		(15,317		)		(15,219		)
		Net income attributable to CPA®:17 – Global	36,321				12,803				44,947				27,627
			June 30, 2014				December 31, 2013
	Domestic
		Long-lived assets (a)	$	2,405,834			$	2,195,465
		Non-recourse debt	1,331,765				1,319,094
	Italy
		Long-lived assets (a)	$	337,303			$	343,876
		Non-recourse debt	220,942				223,937
	Other International
		Long-lived assets (a)	$	897,886			$	1,022,754
		Non-recourse debt	388,141				372,570
	Total
		Long-lived assets (a)	$	3,641,023			$	3,562,095
		Non-recourse debt	1,940,848				1,915,601
	___________
	(a)	Consists of Net investments in real estate.

NonRecourse_Debt_Tables

Non-Recourse Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Debt	'
	Scheduled debt principal payments during the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter are as follows (in thousands):
	Years Ending December 31,	Total
	2014 (remainder)	$	18,526
	2015	73,511
	2016	299,894
	2017	365,025
	2018	156,632
	Thereafter through 2038	1,030,952
		1,944,540
	Unamortized discount, net	(3,692		)
	Total	$	1,940,848

Equity_Tables

Equity (Tables)	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Reclassification out of Accumulated Other Comprehensive Income	'
	The following tables present a reconciliation of changes in accumulated other comprehensive loss by component for the periods presented (in thousands):
		Three Months Ended June 30, 2014
		Unrealized			Unrealized Appreciation (Depreciation) on Marketable Securities			Foreign Currency Translation Adjustments			Total
		Gains (Losses)
		on Derivative Instruments
	Beginning balance	$	(28,179	)	$	(367	)	$	19,309		$	(9,237	)
	Other comprehensive (loss) income before reclassifications	(3,937		)	23			(6,042		)	(9,956		)
	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	2,572			—			—			2,572
	Other income and (expenses)	(207		)	—			—			(207		)
	Total	2,365			—			—			2,365
	Net current-period Other comprehensive (loss) income	(1,572		)	23			(6,042		)	(7,591		)
	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(160		)	—			93			(67		)
	Ending balance	$	(29,911	)	$	(344	)	$	13,360		$	(16,895	)
		Three Months Ended June 30, 2013
		Unrealized			Unrealized Appreciation (Depreciation) on Marketable Securities			Foreign Currency Translation Adjustments			Total
		Gains (Losses)
		on Derivative Instruments
	Beginning balance	$	(15,690	)	$	(446	)	$	(34,125	)	$	(50,261	)
	Other comprehensive income before reclassifications	1,654			23			8,612			10,289
	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	2,046			—			—			2,046
	Other income and (expenses)	(606		)	—			—			(606		)
	Total	1,440			—			—			1,440
	Net current-period Other comprehensive income	3,094			23			8,612			11,729
	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(134		)	—			(123		)	(257		)
	Ending balance	$	(12,730	)	$	(423	)	$	(25,636	)	$	(38,789	)
		Six Months Ended June 30, 2014
		Unrealized			Unrealized Appreciation (Depreciation) on Marketable Securities			Foreign Currency Translation Adjustments			Total
		Gains (Losses)
		on Derivative Instruments
	Beginning balance	$	(25,579	)	$	(391	)	$	20,695		$	(5,275	)
	Other comprehensive (loss) income before reclassifications	(8,548		)	47			(7,432		)	(15,933		)
	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	4,619			—			—			4,619
	Other income and (expenses)	(94		)	—			—			(94		)
	Total	4,525			—			—			4,525
	Net current-period Other comprehensive (loss) income	(4,023		)	47			(7,432		)	(11,408		)
	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(309		)	—			97			(212		)
	Ending balance	$	(29,911	)	$	(344	)	$	13,360		$	(16,895	)
		Six Months Ended June 30, 2013
		Unrealized			Unrealized Appreciation (Depreciation) on Marketable Securities			Foreign Currency Translation Adjustments			Total
		Gains (Losses)
		on Derivative Instruments
	Beginning balance	$	(25,888	)	$	(470	)	$	(9,008	)	$	(35,366	)
	Other comprehensive income (loss) before reclassifications	10,778			47			(16,863		)	(6,038		)
	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	3,947			—			—			3,947
	Other income and (expenses)	(1,313		)	—			—			(1,313		)
	Total	2,634			—			—			2,634
	Net current-period Other comprehensive income (loss)	13,412			47			(16,863		)	(3,404		)
	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(254		)	—			235			(19		)
	Ending balance	$	(12,730	)	$	(423	)	$	(25,636	)	$	(38,789	)

Property_Dispositions_and_Disc1

Property Dispositions and Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	'
	The results of operations for properties that have been sold prior to January 1, 2014, and with which we have no continuing involvement, are reflected in the consolidated financial statements as discontinued operations and are summarized as follows (in thousands, net of tax):
		Three Months Ended June 30,					Six Months Ended June 30,
		2014		2013			2014		2013
	Revenues	$	—	$	1,257		$	—	$	2,378
	Expenses	—		(994		)	—		(1,886		)
	Income from discontinued operations	$	—	$	263		$	—	$	492

Organization_and_Offering_Narr

Organization and Offering (Narratives) (Details) (USD $)	6 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
	property
	tenant
	sqft
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'
Number of real estate properties	358	'
Number of tenants	108	'
Square footage of real estate properties	34,000,000	'
Real Estate Properties	'	'
Number of operating properties	75	'
Square footage of operating properties	6,000,000	'
Capital interest in operating partnership	99.99%	'
Public Offerings	'	'
Proceeds from issuance of shares, value	'	$96,853
Proceeds from issuance DRIP follow-on public offering	$50,194	'
Self storage	'	'
Real Estate Properties	'	'
Number of operating properties	71	'

Agreements_and_Transactions_wi2

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

6 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

0 Months Ended

In Millions, except Share data, unless otherwise specified

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Mar. 31, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Adjusted net income

Average invested assets

Bank Pekao

Bank Pekao

Long-term net lease

Long-term net lease

Long-term net lease

Long-term net lease

Minimum

Minimum

Minimum

Maximum

Maximum

Maximum

Maximum

Maximum

Advisor

CPA 18 - Global

Contractual rent

Average market value

Current

Deferred

Average equity value

Non-long term net lease

Real estate commission

Average equity value

Contract sales price of investment

Non-long term net lease

Bank Pekao

Transaction Fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred return by advisor

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of acquisition fees

'

'

'

'

'

'

4.50%

'

2.50%

2.00%

'

'

0.00%

'

'

'

'

1.75%

'

'

Percentage of subordinated disposition fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

3.00%

'

'

'

Asset Management Fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of asset management fees

'

'

'

'

'

'

'

0.50%

'

'

'

1.50%

'

'

'

1.75%

'

'

'

'

Net asset value

'

$9.50

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock shares outstanding

322,963,325

317,353,899

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,413,076

'

Percentage of total common stock outstanding held by related party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.30%

'

Percentage of available cash distribution to advisor

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Personnel And Office Rent Reimbursement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of operating expenses reimbursements

'

'

25.00%

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Jointly-Owned Investments and Other Transactions with Affiliates

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investment purchase price

'

'

'

'

$74

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$147.90

Ownership interest in joint ventures

'

'

'

'

'

'

'

'

'

'

7.00%

'

'

85.00%

'

'

'

'

'

'

Client concentration risk on property

'

'

'

'

'

98.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Agreements_and_Transactions_wi3

Agreements and Transactions with Related Parties (Details 1) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Amounts Included in the Consolidated Statements of Income:	'	'	'	'	'
Asset management fees	$6,846	$5,365	$13,465	$10,476	'
Available Cash Distribution	4,590	4,847	9,269	9,124	'
Personnel and overhead reimbursements	2,503	1,628	5,622	4,267	'
Office rent reimbursements	321	365	702	583	'
Acquisition expenses	298	404	1,191	1,170	'
Interest expense on deferred acquisition fees and loan from affiliate	129	206	280	442	'
Operating expenses	14,687	12,815	30,529	26,062	'
Acquisition Fees Capitalized:	'	'	'	'	'
Current acquisition fees	1,351	862	1,355	2,187	'
Deferred acquisition fees	682	364	690	1,218	'
Transaction fees incurred	2,033	1,226	2,045	3,405	'
Due to Affiliates:	'	'	'	'	'
Deferred acquisition fees, including interest	9,446	'	9,446	'	15,573
Asset management fees payable	2,284	'	2,284	'	1,972
Accounts payable	1,843	'	1,843	'	2,200
Reimbursable costs	425	'	425	'	264
Subordinated disposition fees	202	'	202	'	202
Due to affiliates	$14,200	'	$14,200	'	$20,211

Net_Investments_in_Properties_2

Net Investments in Properties and Real Estate Under Construction (Narratives) (Details) (USD $)

3 Months Ended

6 Months Ended

12 Months Ended

1 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Apr. 30, 2014

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

I-Shops LLC

I-Shops LLC

Real estate

Real estate

Operating real estate

Operating real estate

Real estate under construction

Real estate under construction

Office Building in Tucson, AZ

Manufacturing facility in New Concord, Ohio

BTS Six Properties

BTS Two Properties

Completed construction projects put in service

Completed construction projects put in service

Completed construction projects put in service

Completed construction projects put in service

Partially completed projects put in service

Partially completed projects put in service

property

property

Real estate

Real estate

Real estate under construction

Real estate under construction

property

property

Real estate

Real estate

Operating real estate

Operating real estate

Acquisition

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investment purchase price

'

'

'

'

'

'

'

'

'

'

'

'

'

$19,000,000

$4,400,000

'

'

'

'

'

'

'

'

Acquired finite-lived intangible asset, amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

Acquisition-related cost and fees, capitalized

2,033,000

1,226,000

2,045,000

3,405,000

'

'

'

'

'

'

'

1,600,000

2,300,000

'

400,000

'

'

'

'

'

'

'

'

Land

'

'

'

'

'

'

'

'

'

'

'

'

'

2,500,000

'

'

'

'

'

'

'

'

'

Buildings

'

'

'

'

'

'

'

'

'

'

'

'

'

11,200,000

'

'

'

'

'

'

'

'

'

Acquired finite-lived intangible asset, business combination

'

'

'

'

'

'

'

'

'

'

'

'

'

6,000,000

'

'

'

'

'

'

'

'

'

Acquisition costs, expensed

272,000

724,000

1,401,000

1,795,000

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

Purchase option

'

'

'

'

'

'

'

'

'

'

'

'

'

600,000

'

'

'

'

'

'

'

'

'

Assumed non-recourse debt

'

'

'

'

'

'

'

'

'

'

'

'

'

10,300,000

'

'

'

'

'

'

'

'

'

Number of construction projects put in service

'

'

'

'

'

'

'

'

'

'

'

'

3

'

'

'

'

1

2

'

'

'

'

Capitalized funds

'

'

'

'

'

'

'

'

'

'

'

58,172,000

90,007,000

'

'

43,600,000

9,500,000

'

'

'

'

'

'

Transfer of assets noncash

'

'

'

'

'

'

'

'

3,500,000

'

'

57,131,000

42,225,000

'

'

'

'

'

'

42,200,000

26,100,000

14,900,000

12,600,000

Capitalized interest

'

'

'

'

'

'

'

'

'

'

'

3,865,000

5,208,000

'

'

'

'

'

'

'

'

'

'

Number of open construction projects

'

'

'

'

'

'

'

'

'

'

'

4

3

'

'

'

'

'

'

'

'

'

'

Unfunded commitments

'

'

'

'

'

'

'

'

'

'

'

19,900,000

46,700,000

'

'

'

'

'

'

'

'

'

'

Foreign Currency Translation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Foreign currency translation adjustments

-6,042,000

8,612,000

-7,432,000

-16,863,000

29,884,000

'

'

-5,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deconsolidation, Gain (Loss) with Related Disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Potential ownership interest in entity

'

'

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from the sales of investment

'

'

67,999,000

0

'

68,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net investment in properties

2,525,479,000

'

2,525,479,000

'

2,541,280,000

'

84,600,000

2,271,987,000

2,273,264,000

253,492,000

268,016,000

'

'

'

'

'

'

'

'

'

'

'

'

Gain on sale of real estate, net of tax

12,548,000

0

12,548,000

581,000

'

12,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deconsolidation of properties

55,400,000

'

55,400,000

'

'

'

'

27,900,000

'

25,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Transfers from real estate owned

'

'

'

'

'

'

'

'

'

'

'

$4,800,000

'

'

'

'

'

'

'

'

'

'

'

Net_Investments_in_Properties_3

Net Investments in Properties and Real Estate Under Construction (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments in real estate	'	'
Less: Accumulated depreciation	($174,263)	($144,405)
Net investments in properties	2,525,479	2,541,280
Real estate	'	'
Investments in real estate	'	'
Land	525,783	553,389
Buildings	1,902,223	1,848,926
Less: Accumulated depreciation	-156,019	-129,051
Net investments in properties	2,271,987	2,273,264
Operating real estate	'	'
Investments in real estate	'	'
Land	66,066	66,066
Buildings	205,670	217,304
Less: Accumulated depreciation	-18,244	-15,354
Net investments in properties	$253,492	$268,016

Net_Investments_in_Properties_4

Net Investments in Properties and Real Estate Under Construction (Details 2) (USD $)	6 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Real Estate Under Construction	'	'
Ending balance	$132,763	$127,935
Real estate under construction	'	'
Real Estate Under Construction	'	'
Beginning balance	127,935	71,285
Capitalized funds	58,172	90,007
Placed into service	57,131	42,225
Capitalized interest	3,865	5,208
Building improvements and other	-78	3,660
Ending balance	$132,763	$127,935

Finance_Receivables_Narratives

Finance Receivables (Narratives) (Details) (USD $)	1 Months Ended
	Dec. 31, 2010	Jun. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable	'	'	'
Net investments in direct financing leases	'	$485,090,000	$479,916,000
AR billed under DFL	'	600,000	800,000
China Alliance Properties Limited	'	'	'
Accounts, Notes, Loans and Financing Receivable	'	'	'
Financing receivable	40,000,000	40,000,000	40,000,000
Notes receivable interest rate	11.00%	'	'
Notes receivable maturity date	31-Dec-15	'	'
Manufacturing facility in Bluffton, IN	'	'	'
Accounts, Notes, Loans and Financing Receivable	'	'	'
Net investments in direct financing leases	'	3,700,000	'
Acquisition fees capitalized	'	$300,000	'

Finance_Receivables_Details_1

Finance Receivables (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Credit Quality Of Finanace Receivables:	'	'
Finance receivables	$525,090	$519,916
Internally Assigned Grade 1	'	'
Credit Quality Of Finanace Receivables:	'	'
Number of tenants and obligors	0	0
Finance receivables	0	0
Internally Assigned Grade 2	'	'
Credit Quality Of Finanace Receivables:	'	'
Number of tenants and obligors	1	1
Finance receivables	2,254	2,250
Internally Assigned Grade 3	'	'
Credit Quality Of Finanace Receivables:	'	'
Number of tenants and obligors	9	8
Finance receivables	435,384	430,713
Internally Assigned Grade 4	'	'
Credit Quality Of Finanace Receivables:	'	'
Number of tenants and obligors	3	3
Finance receivables	87,452	86,953
Internally Assigned Grade 5	'	'
Credit Quality Of Finanace Receivables:	'	'
Number of tenants and obligors	0	0
Finance receivables	$0	$0

Equity_Investments_in_Real_Est2

Equity Investments in Real Estate (Narratives) (Details) (USD $)

3 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

1 Months Ended

6 Months Ended

0 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Apr. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Equity investments in real estate

C1000 Logistiek Vastgooed B.V

C1000 Logistiek Vastgooed B.V

Shelborne

IDL Wheel Tenant, LLC

Bank Pekao

Bank Pekao

Lineage Logistics Holdings LLC

Lineage Logistics Holdings LLC

Third Party

Third Party

Third Party

Third Party

CPA 18 - Global

CPA 18 - Global

CPA 18 - Global

Shelborne

BPS Nevada, LLC

Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC

Lineage Logistics Holdings LLC

State Farm Mutual Automobile Company

Bank Pekao

Bank Pekao

Footnote Details

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-recourse mortgage loans

$29,700,000

'

$29,700,000

'

'

'

$93,800,000

$95,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Share of the non-recourse debt

'

'

'

'

'

'

79,800,000

81,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Capital contributions to equity investments

'

'

149,115,000

51,439,000

'

'

'

'

9,100,000

21,300,000

'

'

'

'

'

'

'

'

'

'

'

Interest paid, capitalized

'

'

'

'

'

'

'

'

'

400,000

'

'

'

'

'

'

'

'

'

'

'

Unfunded commitments

'

'

'

'

'

'

'

'

2,000,000

22,800,000

'

'

'

'

'

'

'

'

'

'

'

Net income from equity investments in real estate

10,974,000

1,733,000

7,725,000

2,867,000

'

'

'

'

6,500,000

'

'

'

'

1,400,000

'

'

'

'

'

'

'

Aggregate distributions from our interests in other unconsolidated real estate investments

'

'

12,800,000

'

18,100,000

'

'

'

'

'

'

54,600,000

'

'

'

'

'

'

'

'

'

Unamortized basis differences on our equity investments

23,900,000

'

23,900,000

'

25,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization of the basis difference

1,000,000

900,000

1,900,000

1,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investment purchase price

'

'

'

'

'

'

'

'

'

'

74,000,000

'

20,400,000

'

'

'

'

'

'

147,900,000

'

Acquisition-related cost and fees, capitalized

2,033,000

1,226,000

2,045,000

3,405,000

'

'

'

'

'

'

'

'

400,000

'

'

'

'

'

'

'

'

Acquisition costs, expensed

272,000

724,000

1,401,000

1,795,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,400,000

'

Ownership interest, percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

33.00%

15.00%

45.00%

7.00%

50.00%

50.00%

50.00%

Indirect ownership interest in equity investments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

40.00%

'

'

'

'

Transfer of assets noncash

'

'

'

'

'

($8,300,000)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity_Investments_in_Real_Est3

Equity Investments in Real Estate (Details 1) (USD $)	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Ownership interest in equity investments:	'	'	'
Equity investments in real estate	$497,691	'	$412,964
Shelborne Property Associates, LLC | Third Party	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	33.00%	'	'
Equity investments in real estate	142,695	'	129,575
C1000 Logistiek Vastgooed B.V | WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	85.00%	'	'
Equity investments in real estate	80,624	'	84,119
Uhaul Moving Partners Inc And Mercury Partners LP | WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	12.00%	'	'
Equity investments in real estate	42,181	'	43,051
Bank Pekao | CPA 18 - Global	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	50.00%	50.00%	'
Equity investments in real estate	36,545	'	0
Lineage Logistics Holdings LLC | Third Party	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	7.00%	'	'
Equity investments in real estate	30,035	'	0
IDL Wheel Tenant, LLC | Third Party	'	'	'
Ownership interest in equity investments:	'	'	'
Equity investments in real estate	27,274	'	6,017
BPS Nevada, LLC | Third Party	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	15.00%	'	'
Equity investments in real estate	23,834	'	23,278
Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC | Third Party	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	45.00%	'	'
Equity investments in real estate	21,934	'	23,907
State Farm | CPA 18 - Global	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	50.00%	'	'
Equity investments in real estate	20,987	'	20,913
Berry Plastics Corporation | WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	50.00%	'	'
Equity investments in real estate	17,158	'	17,659
Tesco plc | WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	49.00%	'	'
Equity investments in real estate	17,020	'	17,965
Hellweg Die Profi Baumarkt Gmbh And Co KG | WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	37.00%	'	'
Equity investments in real estate	11,457	'	12,978
Agorkor 5 | CPA 18 - Global	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	20.00%	'	'
Equity investments in real estate	11,359	'	19,217
Eroski Sociedad Cooperativa Mallorca | WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	30.00%	'	'
Equity investments in real estate	9,502	'	9,639
Dicks Sporting Goods Inc. | WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	45.00%	'	'
Equity investments in real estate	$5,086	'	$4,646

Intangible_Assets_and_Liabilit2

Intangible Assets and Liabilities (Narratives) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Intangible Assets Liabilities	'	'	'	'
Net amortization of intangibles	$9.60	$8.50	$19.10	$17.40
Minimum	'	'	'	'
Intangible Assets Liabilities	'	'	'	'
Finite-lived net lease intangibles, useful life	'1 year	'	'	'
Maximum	'	'	'	'
Intangible Assets Liabilities	'	'	'	'
Finite-lived net lease intangibles, useful life	'53 years	'	'	'
Maximum | Ground lease	'	'	'	'
Intangible Assets Liabilities	'	'	'	'
Finite-lived net lease intangibles, useful life	'94 years	'	'	'

Intangible_Assets_and_Liabilit3

Intangible Assets and Liabilities (Details 1) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Acquired Intangible Assets Liabilities	'
Intangible Assets Acquired	$7,208
Below-market rent	'
Acquired Intangible Assets Liabilities	'
Weighted-average useful life, intangible liabilities	'11 years 2 months 12 days
Amortizable Intangible Liabilities	-185
In-place lease	'
Acquired Intangible Assets Liabilities	'
Weighted average useful life, intangible assets	'3 years 7 months 6 days
Amortizable Intangible Assets	6,753
Above-market rent	'
Acquired Intangible Assets Liabilities	'
Weighted average useful life, intangible assets	'20 years
Amortizable Intangible Assets	$455

Intangible_Assets_and_Liabilit4

Intangible Assets and Liabilities (Details 2) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Amortizable intangible assets	'	'
Finite-lived intangible assets, gross	$662,586	$655,056
Less: accumulated amortization	-118,524	-96,818
Finite-lived intangible assets, net	544,062	558,238
Unamortizable Intangible Assets	'	'
Goodwill	342	4,062
Total intangible assets, gross	662,928	659,118
Total intangible assets, net	544,404	562,300
Amortizable intangible liabilities	'	'
Finite-lived intangible liabilities, gross	-114,221	-110,763
Less: accumulated amortization	10,883	8,166
Finite-lived intangible liabilities, net	-103,338	-102,597
Below-market rent	'	'
Amortizable intangible liabilities	'	'
Finite-lived intangible liabilities, gross	-113,076	-110,606
Less: accumulated amortization	10,873	8,163
Finite-lived intangible liabilities, net	-102,203	-102,443
Above-market ground lease	'	'
Amortizable intangible liabilities	'	'
Finite-lived intangible liabilities, gross	-1,145	-157
Less: accumulated amortization	10	3
Finite-lived intangible liabilities, net	-1,135	-154
In-place lease	'	'
Amortizable intangible assets	'	'
Finite-lived intangible assets, gross	544,633	537,271
Less: accumulated amortization	-98,942	-80,027
Finite-lived intangible assets, net	445,691	457,244
Above-market rent	'	'
Amortizable intangible assets	'	'
Finite-lived intangible assets, gross	97,315	97,109
Less: accumulated amortization	-14,974	-12,413
Finite-lived intangible assets, net	82,341	84,696
Tenant relationship	'	'
Amortizable intangible assets	'	'
Finite-lived intangible assets, gross	13,514	13,552
Less: accumulated amortization	-4,469	-4,299
Finite-lived intangible assets, net	9,045	9,253
Below-market ground lease	'	'
Amortizable intangible assets	'	'
Finite-lived intangible assets, gross	7,124	7,124
Less: accumulated amortization	-139	-79
Finite-lived intangible assets, net	$6,985	$7,045

Intangible_Assets_and_Liabilit5

Intangible Assets and Liabilities (Details 3) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Net (Increase) Decrease in Rental Income	'
2014 (remaining)	($143)
2015	-278
2016	13
2017	236
2018	262
Thereafter	-19,953
Total	-19,863
Increase to Amortization/Property Expense	'
2014 (remaining)	19,123
2015	36,666
2016	32,021
2017	29,354
2018	29,246
Thereafter	314,177
Total	460,587
Net	'
2014 (remainder)	18,980
2015	36,388
2016	32,034
2017	29,590
2018	29,508
Thereafter	294,224
Finite lived intangible assets liabilities, net	$440,724

Fair_Value_Measurements_Narrat

Fair Value Measurements (Narratives) (Details) (Deferred acquisition fees payable)	6 Months Ended
	Jun. 30, 2014
Deferred acquisition fees payable	'
Fair Value Inputs	'
Leverage adjusted unsecured spread	3.55%
Illiquidity Adjustment	0.75%

Fair_Value_Measurements_Detail

Fair Value Measurements (Details 1) (Level 3, USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Carrying Value	'	'
Fair Value, Balance Sheet Grouping	'	'
Non-recourse debt	$1,940,848	$1,915,601
Note receivable	40,000	40,000
Deferred acquisition fees payable	9,153	15,033
Other securities	10,385	9,915
CMBS	3,126	2,791
Fair Value	'	'
Fair Value, Balance Sheet Grouping	'	'
Non-recourse debt	1,991,018	1,944,865
Note receivable	42,760	43,890
Deferred acquisition fees payable	10,261	15,950
Other securities	10,385	15,548
CMBS	$9,446	$6,052

Risk_Management_and_Use_of_Der2

Risk Management and Use of Derivative Financial Instruments (Narratives) (Details) (USD $)

3 Months Ended

6 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Nov. 30, 2012

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Interest rate swap

Interest rate swap

Interest rate swap

Interest rate swap

Embedded derivatives

Interest rate cap

Interest rate cap

Interest rate cap

Interest rate cap

Interest rate cap

Interest expense

Other income and expense

Noncontrolling interest

Noncontrolling interest

Noncontrolling interest

Noncontrolling interest

Noncontrolling interest

Interest expense

Derivatives, Fair Value [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Foreign currency exchange rate

'

'

'

'

'

'

'

'

'

1.278

'

'

'

'

'

Derivatives, gain (loss) recognized in OCI, effective portion, net

($1,573,000)

$3,094,000

($4,024,000)

$13,412,000

'

'

'

'

'

'

'

$200,000

$100,000

$300,000

$300,000

Footnote Details

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, interest rate at period end

'

'

'

'

'

'

'

'

'

'

'

2.70%

'

2.70%

'

Cap rate

'

'

'

'

'

'

'

'

'

'

'

4.00%

'

4.00%

'

Derivative notional amount

'

'

'

'

'

209,154,000

'

'

'

'

113,842,000

51,200,000

'

51,200,000

'

Derivative fair value

-13,963,000

'

-13,963,000

'

'

-5,163,000

'

'

'

'

0

0

'

0

'

Derivative Instrument Detail

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated amount reclassified from OCI to income, derivatives

'

'

'

'

'

'

7,500,000

1,300,000

100,000

'

'

'

'

'

'

Collateral received

0

'

0

'

'

'

'

'

'

'

'

'

'

'

'

Total credit exposure on derivatives

1,800,000

'

1,800,000

'

'

'

'

'

'

'

'

'

'

'

'

Total credit exposure on derivatives to a single counterparty

1,300,000

'

1,300,000

'

'

'

'

'

'

'

'

'

'

'

'

Derivatives, net liability position

27,900,000

'

27,900,000

'

25,100,000

'

'

'

'

'

'

'

'

'

'

Aggregate termination value for immediate settlement

$29,700,000

'

$29,700,000

'

$27,100,000

'

'

'

'

'

'

'

'

'

'

Risk_Management_and_Use_of_Der3

Risk Management and Use of Derivative Financial Instruments (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	$8,683	$11,148
Derivative liability, fair value, net	-27,704	-27,003
Foreign currency forward | Designated as hedging | Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	1,801	2,002
Foreign currency forward | Designated as hedging | Accounts payable, accrued expenses and other liabilities	'	'
Derivatives, Fair Value	'	'
Derivative liability, fair value, net	-11,818	-11,928
Foreign currency forward | Not designated | Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	1,402	1,521
Foreign currency collars | Designated as hedging | Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	145	429
Interest rate swap | Designated as hedging | Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	549	1,895
Interest rate swap | Designated as hedging | Accounts payable, accrued expenses and other liabilities	'	'
Derivatives, Fair Value	'	'
Derivative liability, fair value, net	-15,287	-12,911
Embedded derivatives | Not designated | Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	2,295	2,314
Embedded derivatives | Not designated | Accounts payable, accrued expenses and other liabilities	'	'
Derivatives, Fair Value	'	'
Derivative liability, fair value, net	-599	-2,164
Stock warrants | Not designated | Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	1,716	1,782
Swaption | Not designated | Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	$775	$1,205

Risk_Management_and_Use_of_Der4

Risk Management and Use of Derivative Financial Instruments (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	($1,573)	$3,094	($4,024)	$13,412
Interest rate cap | Cash Flow Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	355	298	687	565
Interest rate swap | Cash Flow Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	-2,502	6,490	-4,421	8,457
Foreign currency collars | Cash Flow Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	-83	-1,077	-199	-61
Foreign currency forward | Cash Flow Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	400	-1,770	-409	3,435
Foreign currency forward | Net Investment Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	257	-847	318	1,016
Noncontrolling interest | Interest rate cap	'	'	'	'
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	$200	$100	$300	$300

Risk_Management_and_Use_of_Der5

Risk Management and Use of Derivative Financial Instruments (Details 3) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	'	'	'	'
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	($2,365)	($1,440)	($4,525)	($2,634)
Interest rate cap	'	'	'	'
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	'	'	'	'
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	-355	-298	-687	-565
Interest rate swap	'	'	'	'
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	'	'	'	'
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	-2,217	-1,748	-3,932	-3,382
Foreign currency collars	'	'	'	'
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	'	'	'	'
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	118	523	194	941
Foreign currency forward	'	'	'	'
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	'	'	'	'
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	$89	$83	($100)	$372

Risk_Management_and_Use_of_Der6

Risk Management and Use of Derivative Financial Instruments (Details 4) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	'	'	'	'
Derivatives not in cash flow hedging relationships, gain (loss), net	($78)	$60	($209)	$1,839
Embedded derivatives | Other income and expense	'	'	'	'
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	'	'	'	'
Derivatives not in cash flow hedging relationships, gain (loss), net	163	-394	281	554
Foreign currency forward | Other income and expense	'	'	'	'
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	'	'	'	'
Derivatives not in cash flow hedging relationships, gain (loss), net	-56	199	-118	762
Stock warrants | Other income and expense	'	'	'	'
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	'	'	'	'
Derivatives not in cash flow hedging relationships, gain (loss), net	-66	0	-66	165
Swaption | Other income and expense	'	'	'	'
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	'	'	'	'
Derivatives not in cash flow hedging relationships, gain (loss), net	-172	179	-430	179
Interest rate swap | Interest expense	'	'	'	'
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	'	'	'	'
Derivatives not in cash flow hedging relationships, gain (loss), net	$53	$76	$124	$179

Risk_Management_and_Use_of_Der7

Risk Management and Use of Derivative Financial Instruments (Details 5)	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	USD ($)	Interest rate cap	Interest rate swap	Interest rate swap	Interest rate swap	Swaption
		USD ($)	USD ($)	Euro	Euro	USD ($)
		instrument	instrument	USD ($)	EUR (€)	instrument
				instrument
Derivative	'	'	'	'	'	'
Derivative number of instruments	'	1	12	6	6	1
Derivative notional amount	'	$113,842	$209,154	'	€ 186,099	$13,230
Fair value	($13,963)	$0	($5,163)	($9,575)	'	$775

Risk_Management_and_Use_of_Der8

Risk Management and Use of Derivative Financial Instruments (Details 6)	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	USD ($)	Interest rate swap	Cash Flow Hedging	Cash Flow Hedging
		USD ($)	Interest rate swap	Interest rate swap
		instrument	USD ($)	EUR (€)
			instrument
Derivative Instrument Detail	'	'	'	'
Ownership interest, percentage	'	'	85.00%	85.00%
Derivative number of instruments	'	12	1	1
Derivative notional amount	'	$209,154	'	€ 12,001
Derivative fair value	($13,963)	($5,163)	($500)	'

Risk_Management_and_Use_of_Der9

Risk Management and Use of Derivative Financial Instruments (Details 7)	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	USD ($)	Designated as hedging	Designated as hedging	Designated as hedging	Designated as hedging	Designated as hedging	Designated as hedging	Designated as hedging	Designated as hedging	Not designated	Not designated
		Cash Flow Hedging	Cash Flow Hedging	Cash Flow Hedging	Cash Flow Hedging	Cash Flow Hedging	Cash Flow Hedging	Net Investment Hedging	Net Investment Hedging	Foreign currency contract	Foreign currency contract
		Foreign currency collars	Foreign currency collars	Foreign currency contract	Foreign currency contract	Foreign currency contract	Foreign currency contract	Foreign currency contract	Foreign currency contract	Yen	Yen
		Euro	Euro	Euro	Euro	Yen	Yen	Euro	Euro	USD ($)	JPY (¥)
		USD ($)	EUR (€)	USD ($)	EUR (€)	USD ($)	JPY (¥)	USD ($)	EUR (€)	instrument
		instrument		instrument		instrument		instrument
Derivative Instrument Detail	'	'	'	'	'	'	'	'	'	'	'
Derivative number of instruments	'	1	1	105	105	14	14	1	1	1	1
Derivative notional amount	'	'	€ 4,468	'	€ 209,723	'	¥ 650,343	'	€ 45,000	'	¥ 610,129
Fair value, foreign currency derivatives	($8,470)	$145	'	($9,573)	'	$1,556	'	($2,000)	'	$1,402	'

Recovered_Sheet1

Risk Management and Use of Derivative Financial Instruments (Details 8) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Segment Reporting Information, Profit (Loss)	'	'	'	'	'
Revenues	$98,786	$88,991	$199,936	$175,717	'
Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	46,625	21,226	63,625	43,924	'
Net income attributable to noncontrolling interests	-7,640	-7,932	-15,317	-15,219	'
Net income attributable to CPA:17 - Global	36,321	12,803	44,947	27,627	'
Assets and Liabilities	'	'	'	'	'
Long-lived assets	3,641,023	'	3,641,023	'	3,562,095
Non-recourse debt	1,940,848	'	1,940,848	'	1,915,601
Domestic	'	'	'	'	'
Segment Reporting Information, Profit (Loss)	'	'	'	'	'
Revenues	68,920	63,988	139,978	125,851	'
Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	34,241	11,862	42,842	23,721	'
Net income attributable to noncontrolling interests	-7,443	-7,695	-14,966	-14,818	'
Net income attributable to CPA:17 - Global	26,296	2,594	26,588	7,389	'
Assets and Liabilities	'	'	'	'	'
Long-lived assets	2,405,834	'	2,405,834	'	2,195,465
Non-recourse debt	1,331,765	'	1,331,765	'	1,319,094
Italy	'	'	'	'	'
Segment Reporting Information, Profit (Loss)	'	'	'	'	'
Revenues	7,859	7,859	15,950	15,275	'
Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	1,922	1,922	3,885	3,859	'
Net income attributable to noncontrolling interests	0	0	0	0	'
Net income attributable to CPA:17 - Global	1,922	1,922	3,823	3,858	'
Assets and Liabilities	'	'	'	'	'
Long-lived assets	337,303	'	337,303	'	343,876
Non-recourse debt	220,942	'	220,942	'	223,937
International	'	'	'	'	'
Segment Reporting Information, Profit (Loss)	'	'	'	'	'
Revenues	22,007	17,144	44,008	34,591	'
Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	10,462	7,442	16,898	16,344	'
Net income attributable to noncontrolling interests	-197	-237	-351	-401	'
Net income attributable to CPA:17 - Global	8,103	8,287	14,536	16,380	'
Assets and Liabilities	'	'	'	'	'
Long-lived assets	897,886	'	897,886	'	1,022,754
Non-recourse debt	$388,141	'	$388,141	'	$372,570

NonRecourse_Debt_Narratives_De

Non-Recourse Debt (Narratives) (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Additional Debt Disclosures	'	'	'	'	'
Mortgage notes payable, collateral	$2,900,000,000	'	$2,900,000,000	'	$2,900,000,000
Non-recourse mortgage loans	29,700,000	'	29,700,000	'	'
Debt, weighted average interest rate	4.40%	'	4.40%	'	'
Debt instrument terms (years)	'	'	'6 years	'	'
Unamortized discount (premium), net	3,692,000	'	3,692,000	'	'
Foreign currency translation adjustments	-6,042,000	8,612,000	-7,432,000	-16,863,000	29,884,000
Current Year Investments	'	'	'	'	'
Additional Debt Disclosures	'	'	'	'	'
Non-recourse mortgage loans	26,000,000	'	26,000,000	'	'
Prior Year Investments	'	'	'	'	'
Additional Debt Disclosures	'	'	'	'	'
Non-recourse mortgage loans	3,700,000	'	3,700,000	'	'
Non-recourse debt	'	'	'	'	'
Additional Debt Disclosures	'	'	'	'	'
Foreign currency translation adjustments	'	'	-2,900,000	'	'
Debt Refinanced	'	'	'	'	'
Additional Debt Disclosures	'	'	'	'	'
Non-recourse mortgage loans	22,900,000	'	22,900,000	'	'
Debt, weighted average interest rate	7.30%	'	7.30%	'	'
Debt instrument terms (years)	'	'	'14 years	'	'
Repayment of debt related to refinancing	'	'	-19,400,000	'	'
Loss on extinguishment of debt	'	'	300,000	'	'
Minimum	'	'	'	'	'
Additional Debt Disclosures	'	'	'	'	'
Debt maturity date	'	'	31-Dec-14	'	'
Maximum	'	'	'	'	'
Additional Debt Disclosures	'	'	'	'	'
Debt maturity date	'	'	31-Dec-38	'	'
Real estate	'	'	'	'	'
Additional Debt Disclosures	'	'	'	'	'
Foreign currency translation adjustments	'	'	-5,600,000	'	'
Real estate | Office Building in Tucson, AZ	'	'	'	'	'
Additional Debt Disclosures	'	'	'	'	'
Assumed non-recourse debt	'	'	10,300,000	'	'
Unamortized discount (premium), net	($1,300,000)	'	($1,300,000)	'	'
Fixed interest rate	'	'	'	'	'
Additional Debt Disclosures	'	'	'	'	'
Mortgage loan real estate, minimum interest rate	'	'	2.00%	'	'
Mortgage loan real estate, maximum interest rate	'	'	8.00%	'	'
Variable interest rate	'	'	'	'	'
Additional Debt Disclosures	'	'	'	'	'
Mortgage loan real estate, minimum interest rate	'	'	2.70%	'	'
Mortgage loan real estate, maximum interest rate	'	'	6.10%	'	'

NonRecourse_Debt_Details_1

Non-Recourse Debt (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Long-term Debt, Fiscal Year Maturity	'	'
2014 (remainder)	$18,526	'
2015	73,511	'
2016	299,894	'
2017	365,025	'
2018	156,632	'
Thereafter through 2038	1,030,952	'
Long-term debt	1,944,540	'
Unamortized discount (premium), net	-3,692	'
Total	$1,940,848	$1,915,601

Equity_Narratives_Details

Equity (Narratives) (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'	'	'	'	'
Distributions declared per share	$0.16	$0.16	$0.33	$0.33	$0.65
Dividend payable, date	15-Jul-14	'	'	'	'
Distributions payable	$52,482	'	$52,482	'	$51,570

Equity_Details_1

Equity (Details 1) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Beginning balance	($9,237)	($50,261)	($5,275)	($35,366)
Other comprehensive (loss) income before reclassifications	-9,956	10,289	-15,933	-6,038
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2,365	1,440	4,525	2,634
Net current-period Other comprehensive income (loss)	-7,591	11,729	-11,408	-3,404
Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	-67	-257	-212	-19
Ending balance	-16,895	-38,789	-16,895	-38,789
Interest Expense	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2,572	2,046	4,619	3,947
Other income and (expense)	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	-207	-606	-94	-1,313
Unrealized Gains (Losses) on Derivative Instruments	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Beginning balance	-28,179	-15,690	-25,579	-25,888
Other comprehensive (loss) income before reclassifications	-3,937	1,654	-8,548	10,778
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2,365	1,440	4,525	2,634
Net current-period Other comprehensive income (loss)	-1,572	3,094	-4,023	13,412
Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	-160	-134	-309	-254
Ending balance	-29,911	-12,730	-29,911	-12,730
Unrealized Gains (Losses) on Derivative Instruments | Interest Expense	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2,572	2,046	4,619	3,947
Unrealized Gains (Losses) on Derivative Instruments | Other income and (expense)	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	-207	-606	-94	-1,313
Unrealized Appreciation (Depreciation) on Marketable Securities	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Beginning balance	-367	-446	-391	-470
Other comprehensive (loss) income before reclassifications	23	23	47	47
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Net current-period Other comprehensive income (loss)	23	23	47	47
Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	0	0	0	0
Ending balance	-344	-423	-344	-423
Unrealized Appreciation (Depreciation) on Marketable Securities | Interest Expense	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Unrealized Appreciation (Depreciation) on Marketable Securities | Other income and (expense)	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Foreign Currency Translation Adjustments	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Beginning balance	19,309	-34,125	20,695	-9,008
Other comprehensive (loss) income before reclassifications	-6,042	8,612	-7,432	-16,863
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Net current-period Other comprehensive income (loss)	-6,042	8,612	-7,432	-16,863
Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	93	-123	97	235
Ending balance	13,360	-25,636	13,360	-25,636
Foreign Currency Translation Adjustments | Interest Expense	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Foreign Currency Translation Adjustments | Other income and (expense)	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$0	$0	$0	$0

Property_Dispositions_and_Disc2

Property Dispositions and Discontinued Operations (Narratives) (Details) (USD $)	3 Months Ended		6 Months Ended		1 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Oct. 31, 2013	Apr. 30, 2014
					Hotel	I-Shops LLC
					property
Discontinued Operations	'	'	'	'	'	'
Gain on sale of real estate, net of tax	$12,548,000	$0	$12,548,000	$581,000	'	$12,500,000
Gain on the disposition of property	'	'	12,548,000	0	'	'
Number of properties sold	'	'	'	'	1	'
Contract sales price of property	'	'	'	'	20,000,000	'
Gain on sale of real estate, net of tax	'	'	'	'	8,000,000	'
Payment of debt	'	'	'	'	5,100,000	'
Loss on the extinguishment of debt	'	'	'	'	($1,000,000)	'

Property_Dispositions_and_Disc3

Property Dispositions and Discontinued Operations (Details 1) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Disposal Group, Including Discontinued Operation, Income Statement Disclosures	'	'	'	'
Revenues	$0	$1,257	$0	$2,378
Expenses	0	-994	0	-1,886
Income from discontinued operations, net of tax	$0	$263	$0	$492