Corporate Property Associates 17 - Global Inactive 10-Q14 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 31, 2014
Document Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
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	'	328,937,993

CONSOLIDATED_BALANCE_SHEETS_UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Investments in real estate	'	'
Real estate, at cost (inclusive of $138,819 and $150,378, respectively, attributable to variable interest entities, or VIEs)	$2,382,572	$2,402,315
Operating real estate, at cost (inclusive of $0 and $12,557, respectively, attributable to VIEs)	272,191	283,370
Accumulated depreciation (inclusive of $9,169 and $8,235, respectively, attributable to VIEs)	-185,016	-144,405
Net investments in properties	2,469,747	2,541,280
Real estate under construction (inclusive of $3,761 and $25,268, respectively, attributable to VIEs)	123,274	127,935
Net investments in direct financing leases (inclusive of $245,389 and $244,084, respectively, attributable to VIEs)	481,561	479,916
Equity investments in real estate	489,167	412,964
Net investments in real estate	3,563,749	3,562,095
Cash and cash equivalents (inclusive of $42 and $339, respectively, attributable to VIEs)	335,946	418,108
In-place lease intangible assets, net (inclusive of $16,573 and $17,277, respectively, attributable to VIEs)	429,642	457,244
Other intangible assets, net	93,873	105,056
Other assets, net (inclusive of $16,803 and $17,118, respectively, attributable to VIEs)	215,952	170,866
Total assets	4,639,162	4,713,369
Liabilities:	'	'
Non-recourse debt (inclusive of $194,930 and $199,315, respectively, attributable to VIEs)	1,918,805	1,915,601
Accounts payable, accrued expenses and other liabilities (inclusive of $9,754 and $8,833, respectively, attributable to VIEs)	130,565	132,254
Deferred income taxes (inclusive of $64 and $0, respectively, attributable to VIEs)	5,389	7,108
Below-market rent and other intangible liabilities, net (inclusive of $371 and $387, respectively, attributable to VIEs)	100,948	102,597
Due to affiliates	12,554	20,211
Distributions payable	52,959	51,570
Total liabilities	2,221,220	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; 333,266,846 and 322,918,083 shares issued, respectively; and 325,903,988 and 317,353,899 shares outstanding, respectively	333	323
Additional paid-in-capital	3,000,659	2,904,927
Distributions in excess of accumulated earnings	-538,316	-440,958
Accumulated other comprehensive loss	-54,084	-5,275
Less: treasury stock at cost, 7,362,858 and 5,564,184 shares, respectively	-68,812	-52,477
Total CPA:17 - Global shareholders' equity	2,339,780	2,406,540
Noncontrolling interests	78,162	77,488
Total equity	2,417,942	2,484,028
Total liabilities and equity	$4,639,162	$4,713,369

CONSOLIDATED_BALANCE_SHEETS_UN1

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Assets	'	'
Real estate at cost attributable to consolidated VIEs	$2,382,572	$2,402,315
Operating real estate, at cost	272,191	283,370
Accumulated depreciation attributable to VIEs	185,016	144,405
Real estate under construction attributable to consolidated VIEs	123,274	127,935
Net investments in direct financing leases	481,561	479,916
Cash and cash equivalents attributable to VIEs	335,946	418,108
In-place lease intangible assets, net attributable to consolidated VIEs	429,642	457,244
Other assets, net attributable to consolidated VIEs	215,952	170,866
Liabilities:	'	'
Non-recourse debt	1,918,805	1,915,601
Accounts payable, attributable to consolidated VIEs	130,565	132,254
Deferred income taxes, attributable to VIEs	5,389	7,108
Below-market rent and other intangible liabilities, attributable to VIEs	100,948	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	333,266,846	322,918,083
Common stock shares outstanding	325,903,988	317,353,899
Treasury Stock Shares	7,362,858	5,564,184
Variable Interest Entity Primary Beneficiary Member	'	'
Assets	'	'
Real estate at cost attributable to consolidated VIEs	138,819	150,378
Operating real estate, at cost	0	12,557
Accumulated depreciation attributable to VIEs	9,169	8,235
Real estate under construction attributable to consolidated VIEs	3,761	25,268
Net investments in direct financing leases	245,389	244,084
Cash and cash equivalents attributable to VIEs	42	339
In-place lease intangible assets, net attributable to consolidated VIEs	16,573	17,277
Other assets, net attributable to consolidated VIEs	16,803	17,118
Liabilities:	'	'
Non-recourse debt	194,930	199,315
Accounts payable, attributable to consolidated VIEs	9,754	8,833
Deferred income taxes, attributable to VIEs	64	0
Below-market rent and other intangible liabilities, attributable to VIEs	$371	$387

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues	'	'	'	'
Rental Income	$63,998	$58,981	$191,072	$170,681
Interest income from direct financing leases	13,674	13,408	40,889	40,190
Total lease revenues	77,672	72,389	231,961	210,871
Other real estate income	10,758	11,643	39,031	36,093
Other operating income	8,147	5,707	22,697	15,174
Other interest income	1,410	1,880	4,234	5,199
Gross Revenues	97,987	91,619	297,923	267,337
Operating Expenses	'	'	'	'
Depreciation and amortization	25,340	23,595	76,796	69,287
Property expenses	15,940	13,687	48,083	37,258
General and administrative	6,544	4,847	17,853	14,596
Other real estate expenses	4,362	7,983	19,942	24,911
Acquisition expenses	0	8,510	1,401	10,305
Operating Expenses, Total	52,186	58,622	164,075	156,357
Other Income and Expenses	'	'	'	'
Interest expense	-23,695	-22,807	-70,288	-66,468
Net income from equity investments in real estate	2,052	513	9,777	3,380
Other income and (expenses)	2,076	1,221	3,974	7,376
Nonoperating income expense	-19,567	-21,073	-56,537	-55,712
Income from continuing operations before income taxes	26,234	11,924	77,311	55,268
Provision for income taxes	-2,651	-710	-6,012	-2,280
Income from continuing operations	23,583	11,214	71,299	52,988
Income from discontinued operations, net of tax	0	249	0	740
Gain on sale of real estate, net of tax	790	78	13,338	659
Net Income	24,373	11,541	84,637	54,387
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $6,111, $3,557, $15,380, and $12,681, respectively)	-9,193	-6,515	-24,510	-21,734
Net income attributable to CPA:17 - Global	15,180	5,026	60,127	32,653
Earnings Per Share	'	'	'	'
Income from continuing operations attributable to CPA:17 - Global (usd per share)	$0.05	$0.02	$0.19	$0.10
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)	$0.05	$0.02	$0.19	$0.10
Weighted Average Shares Outstanding	325,550,047	314,353,314	322,692,768	311,634,668
Amounts Attributable To CPA:17 - Global	'	'	'	'
Income from continuing operations, net of tax	15,180	4,777	60,127	31,913
Income from discontinued operations, net of tax	0	249	0	740
Net income attributable to CPA:17 - Global	$15,180	$5,026	$60,127	$32,653
Distributions Declared Per Share	$0.16	$0.16	$0.49	$0.49

CONSOLIDATED_STATEMENTS_OF_INC1

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (Parentheticals) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Available cash distributions to advisors	$6,111	$3,557	$15,380	$12,681

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net Income	$24,373	$11,541	$84,637	$54,387
Other Comprehensive (Loss) Income:	'	'	'	'
Foreign currency translation adjustments	-61,105	32,477	-68,537	15,614
Change in net unrealized gain (loss) on derivative instruments	23,036	-10,222	19,013	3,190
Change in unrealized gain on marketable securities	77	24	124	71
Total other comprehensive income (loss)	-37,992	22,279	-49,400	18,875
Comprehensive (Loss) Income	-13,619	33,820	35,237	73,262
Amounts Attributable to Noncontrolling Interests:	'	'	'	'
Net income	-9,193	-6,515	-24,510	-21,734
Change in net unrealized gain on derivative instruments	-102	-142	-411	-396
Foreign currency translation adjustments	905	-408	1,002	-173
Comprehensive income attributable to noncontrolling interests	-8,390	-7,065	-23,919	-22,303
Comprehensive Income Attributable to CPA:17 - Global	($22,009)	$26,755	$11,318	$50,959

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	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
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 gain on derivative instruments	831	'	'	'	296	'	296	535
Change in unrealized gain 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	'	8,293,992	'	'	'	'	'	'
Shares issued through distribution reinvestment plan, value	76,025	8	76,017	'	'	'	76,025	'
Shares issued to affiliates, shares	'	2,054,771	'	'	'	'	'	'
Shares issued to affiliates, value	19,717	2	19,715	'	'	'	19,717	'
Distributions declared	-157,485	'	'	-157,485	'	'	-157,485	'
Distributions to noncontrolling interests	-23,245	'	'	'	'	'	'	-23,245
Net income	84,637	'	'	60,127	'	'	60,127	24,510
Other comprehensive loss:	'	'	'	'	'	'	'	'
Foreign currency translation adjustments	-68,537	'	'	'	-67,535	'	-67,535	-1,002
Change in net unrealized gain on derivative instruments	19,013	'	'	'	18,602	'	18,602	411
Change in unrealized gain on marketable securities	124	'	'	'	124	'	124	'
Repurchase of shares, shares	'	-1,798,674	'	'	'	'	'	'
Repurchase of shares, value	-16,335	'	'	'	'	-16,335	-16,335	'
Ending equity balance, value at Sep. 30, 2014	$2,417,942	$333	$3,000,659	($538,316)	($54,084)	($68,812)	$2,339,780	$78,162
Ending equity balance, shares at Sep. 30, 2014	325,903,988	325,903,988	'	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_EQU1

CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) (Parentheticals) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Stock Transactions, Parenthetical Disclosures [Abstract]	'	'	'	'	'
Distributions Declared Per Share	$0.16	$0.16	$0.49	$0.49	$0.65

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash Flow - Operating Activities	'	'
Net income	$84,637	$54,387
Adjustments to net income	'	'
Depreciation and amortization, including intangible assets and deferred financing costs	78,843	72,119
Non-cash asset management fee expense and directorsb compensation	19,717	15,482
Straight-line rent adjustment and amortization of rent-related intangibles	-14,413	-15,254
Gain on sale of real estate	-13,338	-78
Unrealized (gain) loss on foreign currency transactions and others	-1,459	424
Realized gain on foreign currency transactions and others	-1,372	-3,251
(Income) loss from equity investments in real estate in excess of distributions received	-1,064	2,891
Deferred income taxes	1,863	0
Accretion of commercial mortgage-backed securities and other	-346	-510
Loss on extinguishment of debt	0	-538
Settlement of derivative asset	0	2,964
Net changes in other operating assets and liabilities	264	6,113
Net Cash Provided by Operating Activities	153,332	135,825
Cash Flows - Investing Activities	'	'
Capital contributions to equity investments in real estate	-157,050	-93,115
Acquisitions of real estate and direct financing leases	-93,848	-275,156
Return of capital from equity investments in real estate	74,513	5,325
Proceeds from sale of real estate	68,789	93
Changes in investing restricted cash	-16,082	-17,705
Investment in securities	-8,225	0
Payment of deferred acquisition fees to an affiliate	-5,467	-10,556
Value added taxes, or VAT, paid in connection with acquisition of real estate	-4,996	-28,959
VAT refunded in connection with acquisition of real estate	1,498	32,618
Net Cash Used in Investing Activities	-140,868	-387,455
Cash Flows - Financing Activities	'	'
Distributions paid	-156,096	-147,310
Proceeds from mortgage financing	81,902	175,826
Proceeds from issuance of shares, net of issuance costs	76,025	73,044
Scheduled payments and prepayments of mortgage principal	-44,630	-23,268
Distributions to noncontrolling interests	-23,245	-20,155
Purchase of treasury stock	-16,335	-13,488
Changes in financing restricted cash	-3,563	-5,056
Payment of financing costs and mortgage deposits, net of deposits refunded	-750	-2,560
Contributions from noncontrolling interests	0	2
Net Cash (Used in) Provided by Financing Activities	-86,692	37,035
Change in Cash and Cash Equivalents During the Period	'	'
Effect of exchange rate changes on cash	-7,934	4,067
Net decrease in cash and cash equivalents	-82,162	-210,528
Cash and cash equivalents, beginning of period	418,108	652,330
Cash and cash equivalents, end of period	$335,946	$441,802

Organization_and_Offering

Organization and Offering	9 Months Ended
Organization and Offering	Sep. 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 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 September 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 September 30, 2014, our portfolio was comprised of full or partial ownership interests in 359 fully-occupied properties, substantially all of which were triple-net leased to 109 tenants, and totaled approximately 35 million square feet. In addition, our portfolio was comprised of 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	9 Months Ended
Basis of Presentation	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation

	Basis of Presentation

	Our interim consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and, therefore, do not necessarily include all information and footnotes necessary for a fair statement of our consolidated financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the U.S., or GAAP.

	In the opinion of management, the unaudited financial information for the interim periods presented in this Report reflects all normal and recurring adjustments necessary for a fair statement of financial position, results of operations, and cash flows. Our interim consolidated financial statements should be read in conjunction with our audited consolidated financial statements and accompanying notes for the year ended December 31, 2013, which are included in the 2013 Annual Report, as certain disclosures that would substantially duplicate those contained in the audited consolidated financial statements have not been included in this Report. Operating results for interim periods are not necessarily indicative of operating results for an entire year.

	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.

	The unaudited consolidated financial statements included in this Report have been retrospectively adjusted to reflect the disposition (or planned disposition) of certain properties as discontinued operations for all periods presented.

	Basis of Consolidation

	Our consolidated financial statements reflect all of our accounts, including those of our controlled subsidiaries and our tenancy-in-common interests, as described below. The portion of equity in a consolidated subsidiary that is not attributable, directly or indirectly, to us is presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated.

	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 that we were its primary beneficiary. In April 2014, we deconsolidated the retail project (Note 4).

	Reclassifications

	Certain prior period amounts have been reclassified to conform to the current period presentation.

	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 financial statements, but are disclosed in Note 13 to the consolidated financial statements. By contrast, and as required by the new guidance, the consolidated financial statements 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 2013-11 became effective for us at the beginning of 2014. The adoption of ASU 2013-11 did not have a material impact on our financial condition or results of operations.

Agreements_and_Transactions_wi

Agreements and Transactions with Related Parties	9 Months Ended
	Sep. 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 December 31, 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 September 30,					Nine Months Ended September 30,
		2014			2013		2014		2013
	Amounts Included in the Consolidated Statements of Income

	Asset management fees	$	6,468		$	5,658	$	19,934	$	16,131

	Available Cash Distribution	6,111			3,557		15,380		12,681

	Personnel and overhead reimbursements	2,936			2,262		8,557		6,529

	Acquisition expenses	—			5,720		1,191		6,891

	Office rent reimbursements	270			366		972		949

	Interest expense on deferred acquisition fees and loan from affiliate	121			204		401		646

		$	15,906		$	17,767	$	46,435	$	43,827

	Acquisition Fees Capitalized
	Current acquisition fees	$	307		$	1,824	$	1,662	$	4,011

	Deferred acquisition fees	247			1,460		937		2,678

		$	554		$	3,284	$	2,599	$	6,689




		September 30, 2014			December 31, 2013
	Due to Affiliates
	Deferred acquisition fees, including interest	$	8,900		$	15,573

	Asset management fees payable	2,213			1,972

	Reimbursable costs	1,266			264

	Subordinated disposition fees	202			202

	Accounts (receivable) payable	(27		)	2,200

		$	12,554		$	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. Unpaid installments of deferred acquisition fees bear interest at an annual rate of 5%.

	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 September 30, 2014, the advisor owned 8,089,323 shares (2.5%) 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 that are managed by the advisor under the Corporate Property Associates brand name, or the CPA® REITs, and Carey Watermark Investors Incorporated, or CWI. The advisor allocates these expenses based on the average 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 September 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 managed 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	9 Months Ended
	Sep. 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):


		September 30, 2014				December 31, 2013
	Land	$	514,756			$	553,389

	Buildings	1,867,816				1,848,926

	Less: Accumulated depreciation	(164,792		)		(129,051		)
		$	2,217,780			$	2,273,264


	During the nine months ended September 30, 2014, we entered into the following investments, which were deemed to be asset acquisitions because we entered into new leases with the sellers, at a total cost of $16.9 million, including net lease intangible assets of $4.1 million (Note 7) and acquisition-related costs and fees of $1.2 million, which were capitalized:


	•	a domestic investment of $4.4 million for a manufacturing facility located in New Concord, Ohio on April 21, 2014; and

	•	an international investment of $12.5 million for an office facility located in Krakow, Poland on September 9, 2014 (amount is based on the exchange rate of the euro on the date of acquisition).

	Additionally, on February 7, 2014, 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 also 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 nine months ended September 30, 2014 was a $75.0 million decrease from December 31, 2013 to September 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):


		September 30, 2014				December 31, 2013
	Land	$	66,066			$	66,066

	Buildings	206,125				217,304

	Less: Accumulated depreciation	(20,224		)		(15,354		)
		$	251,967			$	268,016


	Partial Sale

	On December 1, 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 in Orlando, Florida. Additionally, as a condition to providing the construction loan, we entered into a contract with the developer that granted 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 had accounted for the construction loan as real estate under construction. During 2013 and 2014, the hotel renovation was completed and the shopping center was placed into service. We have an additional option to purchase two retail properties located within the shopping center from I Shops LLC, but as of September 30, 2014, we have not exercised this option.

	On April 24, 2014, the developer repaid $68.3 million of the outstanding $84.6 million loan balance. The remaining balance of the loan was related to the two retail properties that had been under construction. Upon this substantial repayment of the loan, I Shops LLC no longer met the criteria for consolidation and was deconsolidated, with the exception of the two construction-in-progress retail properties. These transactions, which we refer to in this Report as the I Shops Partial Sale, 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; $25.8 million was included in Operating real estate, at cost; and $4.8 million was reclassified from Real estate, at cost to Real estate under construction. We had recognized a gain on disposition of real estate of $12.5 million associated with the completed hotel and the portions of the shopping center that had been transferred to the developer.

	In September 2014, the two retail properties were placed into service. We expect to exchange the remaining loan balance for those properties in January 2015, thus the remaining loan balance was still outstanding as of September 30, 2014.

	Real Estate Under Construction

	The following table provides the activity of our Real estate under construction (in thousands):


		Nine Months Ended				Year Ended
		September 30, 2014				December 31, 2013
	Beginning balance	$	127,935			$	71,285

	Capitalized funds	68,120				90,007

	Placed into service	(76,704		)		(42,225		)
	Capitalized interest	4,769				5,208

Building improvements and other	(846		)		3,660

Ending balance	$	123,274			$	127,935


Capitalized Funds

During the nine months ended September 30, 2014, total capitalized funds were primarily comprised of $53.3 million in construction draws related to five ongoing build-to-suit projects, $9.7 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 I Shops Partial Sale. This reclassification was made to account for the two retail properties that we have an option to purchase from I Shops LLC, which we have not exercised as of September 30, 2014. 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. Additionally, of the total capitalized funds, $4.4 million was unpaid and has been included in Accounts payable, accrued expenses and other liabilities in the consolidated financial statements at September 30, 2014.

During the year ended December 31, 2013, costs attributable to five 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 nine months ended September 30, 2014, we placed into service two build-to-suit projects in the amount of $76.7 million. Of the total, $61.8 million was reclassified to Real estate, at cost and $14.9 million was reclassified to Operating real estate, at cost, which was subsequently deconsolidated as a result of the I Shops Partial Sale. See discussion above under Partial Sale.

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 $4.8 million and $5.2 million for the nine months ended September 30, 2014 and the year ended December 31, 2013, respectively.

Ending Balance

At September 30, 2014, we had three 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 $21.0 million and $46.7 million at September 30, 2014 and December 31, 2013, respectively.

Finance_Receivables

Finance Receivables	9 Months Ended
	Sep. 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

	On December 14, 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 on December 14, 2015. At both September 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

	On April 21, 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 default. At both September 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 nine months ended September 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 third 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 at
	Internal Credit Quality Indicator	September 30, 2014	December 31, 2013	September 30, 2014		December 31, 2013
	1	—	—	$	—	$	—

	2	1	1	2,256		2,250

	3	9	8	431,621		430,713

	4	3	3	87,684		86,953

	5	—	—	—		—

				$	521,561	$	519,916


	At September 30, 2014 and December 31, 2013, Other assets, net included $3.2 million and $0.8 million, respectively, of accounts receivable related to amounts billed under our direct financing leases.

Equity_Investments_in_Real_Est

Equity Investments in Real Estate	9 Months Ended
	Sep. 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 as the characteristics of the arrangement with the third-party developers are more similar to a jointly-owned investment or partnership rather than a loan.

	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	30-Sep-14	September 30, 2014		December 31, 2013
	Shelborne Property Associates, LLC (a)		Third Party	33%	$	146,184	$	129,575

	C1000 Logistiek Vastgoed B.V. (b) (c) (d)		WPC	85%	74,836		84,119

	U-Haul Moving Partners, Inc. and Mercury Partners, LP		WPC	12%	41,753		43,051

	Bank Pekao S.A. (b) (e)		CPA®:18 – Global	50%	32,719		—

	BG LLH, LLC (f)		Third Party	7%	30,691		—

	IDL Wheel Tenant, LLC (g)		Third Party	N/A	29,709		6,017

	BPS Nevada, LLC		Third Party	15%	24,128		23,278

	Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC (d) (h)		Third Party	45%	20,962		23,907

	State Farm		CPA®:18 – Global	50%	20,248		20,913

	Berry Plastics Corporation		WPC	50%	16,894		17,659

	Tesco plc (b)		WPC	49%	15,483		17,965

	Hellweg Die Profi-Baumärkte GmbH & Co. KG (b) (d)		WPC	37%	10,804		12,978

	Agrokor d.d. (referred to as Agrokor 5) (b) (i)		CPA®:18 – Global	20%	10,457		19,217

	Eroski Sociedad Cooperativa – Mallorca (b)		WPC	30%	8,990		9,639

	Dick’s Sporting Goods, Inc.		WPC	45%	5,309		4,646

					$	489,167	$	412,964

	___________

	(a)	Represents a domestic ADC Arrangement. We consider this investment a VIE. We provided funding of $14.6 million to this investment during the nine months ended September 30, 2014. At September 30, 2014, the unfunded balance on the loan related to this investment was $0.3 million. Additionally, during the first quarter of 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. This income was subsequently offset with our share of losses incurred by the lessee during the second and third quarters of 2014.

	(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 $86.8 million and $95.6 million at September 30, 2014 and December 31, 2013, respectively. Of these amounts, $73.7 million and $81.3 million represent the amounts we agreed to pay and are included within the carrying value of this investment at September 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. Subsequent to the acquisition, a $54.6 million distribution was made to us representing our share of new financing obtained by the investment.

	(f)	See Conversion to Equity Investment below.

	(g)	Represents a domestic ADC Arrangement. We consider this investment a VIE. We provided funding of $23.0 million to this investment and capitalized $0.7 million of interest related to the loan during the nine months ended September 30, 2014. At September 30, 2014, the unfunded balance on the loan related to this investment was $20.0 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 $2.1 million and $9.8 million for the three and nine months ended September 30, 2014, respectively, and $0.5 million and $3.4 million for the three and nine months ended September 30, 2013, respectively. For certain investments, net income from equity investments is based on the hypothetical liquidation at book value model as well as some depreciation and amortization adjustments related to basis differentials. Aggregate distributions from our interests in other unconsolidated real estate investments were $20.6 million and $18.1 million for the nine months ended September 30, 2014 and the year ended December 31, 2013, respectively. At September 30, 2014 and December 31, 2013, the unamortized basis differences on our equity investments were $32.1 million and $25.9 million, respectively, excluding acquisition fees of $6.5 million and $6.0 million, respectively. Net amortization of the basis differences reduced the carrying values of our equity investments by $1.2 million for both the three months ended September 30, 2014 and 2013 and $3.1 million and $2.9 million for the nine months ended September 30, 2014 and 2013, respectively.

Acquisition of Equity Investment

On March 31, 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

On April 7, 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 BG LLH, LLC, which owns an interest in Lineage Logistics Holdings, LLC, an entity that owns and operates cold storage facilities in the United States. We formerly accounted for our existing equity holdings using the cost method of accounting. With our investment in April 2014, we were deemed to have a significant influence over BG LLH, LLC and accordingly, we changed our accounting for this investment to the equity method of accounting. We reclassified our existing holdings, totaling $8.3 million, from Other assets, net to Equity investments in real estate during the nine months ended September 30, 2014. In addition, we recorded equity income of $2.0 million related to the investment for the nine months ended September 30, 2014. We are currently assessing the purchase accounting related to a significant business combination executed by Lineage Logistics Holdings, LLC in 2014. The results of that assessment could have a material impact on our Net income from equity investments in real estate and our Net income. We expect to complete the assessment by the end of 2014.

Intangible_Assets_and_Liabilit

Intangible Assets and Liabilities	9 Months Ended
	Sep. 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 lease intangibles 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 nine months ended September 30, 2014, we recorded net lease intangibles comprised as follows (life in years, dollars in thousands):


		Weighted-Average Life		Amount
	Amortizable Intangible Assets
	In-place lease	5.6		$	9,914

	Above-market rent	20		455

				$	10,369

	Amortizable Intangible Liabilities
	Below-market rent	11.2		$	(185	)

	Intangible assets and liabilities are summarized as follows (in thousands):


		September 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	$	536,028			$	(106,386	)	$	429,642		$	537,271		$	(80,027	)	$	457,244

	Above-market rent	93,654				(15,649		)	78,005			97,109			(12,413		)	84,696

	Tenant relationship	13,082				(4,487		)	8,595			13,552			(4,299		)	9,253

	Below-market ground leases	7,124				(169		)	6,955			7,124			(79		)	7,045

		649,888				(126,691		)	523,197			655,056			(96,818		)	558,238

	Unamortizable Intangible Assets
	Goodwill	318				—			318			4,062			—			4,062

	Total intangible assets	$	650,206			$	(126,691	)	$	523,515		$	659,118		$	(96,818	)	$	562,300


	Amortizable Intangible Liabilities
	Below-market rent	$	(111,819	)		$	12,002		$	(99,817	)	$	(110,606	)	$	8,163		$	(102,443	)

	Above-market ground lease	(1,145		)		14			(1,131		)	(157		)	3			(154		)

	Total intangible liabilities	$	(112,964	)		$	12,016		$	(100,948	)	$	(110,763	)	$	8,166		$	(102,597	)


	Net amortization of intangibles, including the effect of foreign currency translation, was $9.4 million and $8.9 million for the three months ended September 30, 2014 and 2013, respectively, and $28.5 million and $26.3 million for the nine months ended September 30, 2014 and 2013, respectively. Amortization of below-market rent and above-market rent intangibles is recorded as an adjustment to Rental income; amortization of below-market ground lease intangibles is included in Property 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 September 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)		$	(104	)		$	9,406		$	9,302

	2015		(400		)		36,278			35,878

	2016		(108		)		31,626			31,518

	2017		115				28,967			29,082

2018		140				28,858			28,998

Thereafter		(21,455		)		308,926			287,471

		$	(21,812	)		$	444,061		$	422,249

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements

	The fair value of an asset is defined as the exit price, which is the amount that would either be received when an asset is sold or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-tier fair value hierarchy based on the inputs used in measuring fair value. These tiers are: Level 1, for which quoted market prices for identical instruments are available in active markets, such as money market funds, equity securities, and U.S. Treasury securities; Level 2, for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument, such as certain derivative instruments including interest rate swaps and foreign currency contracts; 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 interest rate swaps, foreign currency forward contracts, stock warrants, embedded derivatives, and a swaption (Note 9). The interest rate swaps, 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 nine months ended September 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-Sep-14				31-Dec-13
		Level	Carrying Value		Fair Value		Carrying Value		Fair Value
	Non-recourse debt (a)	3	$	1,918,805	$	1,966,503	$	1,915,601	$	1,944,865

	Note receivable (a)	3	40,000		42,450		40,000		43,890

	Other securities (b)	3	10,096		10,096		9,915		15,548

	Deferred acquisition fees payable (c)	3	8,524		9,556		15,033		15,950

	CMBS (d)	3	3,257		8,715		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)	Amounts at September 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 were included in Other assets, net in the consolidated financial statements. As of September 30, 2014, we converted the equity securities to an equity investment in real estate (Note 6) and acquired an additional interest in the foreign debenture.

	(c)	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.

	(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 three or nine months ended September 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 September 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 impairment charges for either the three or nine months ended September 30, 2014 or 2013.

Risk_Management_and_Use_of_Der

Risk Management and Use of Derivative Financial Instruments	9 Months Ended
	Sep. 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 four main components of economic risk that impact us: interest rate risk, credit risk, market risk, and foreign currency risk. We are primarily subject to interest rate risk on our interest-bearing 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. 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 (in thousands):


	Derivatives Designated				Asset Derivatives Fair Value at								Liability Derivatives Fair Value at
	as Hedging Instruments		Balance Sheet Location		September 30, 2014				December 31, 2013				September 30, 2014				December 31, 2013
	Foreign currency forward contracts		Other assets, net		$	10,268			$	2,002			$	—			$	—

	Interest rate swaps		Other assets, net		605				1,895				—				—

	Foreign currency collars		Other assets, net		—				429				—				—

	Foreign currency forward contracts		Accounts payable, accrued expenses and other liabilities		—				—				(77		)		(11,928		)

	Interest rate swaps		Accounts payable, accrued expenses and other liabilities		—				—				(13,950		)		(12,911		)

	Derivatives Not Designated
	as Hedging Instruments
	Embedded derivatives (a)		Accounts payable, accrued expenses and other liabilities		—				—				—				(2,164		)

	Embedded derivatives (a) (b)		Other assets, net		2,260				2,314				—				—

	Stock warrants (c)		Other assets, net		1,848				1,782				—				—

	Foreign currency forward contract (d)		Accounts payable, accrued expenses and other liabilities		—				—				(471		)		—

	Foreign currency forward contracts (d) (e)		Other assets, net		4,510				1,521				—				—

	Swaption (f)		Other assets, net		693				1,205				—				—

	Total derivatives				$	20,184			$	11,148			$	(14,498	)		$	(27,003	)

	___________

	(a)	In connection with the ADC Arrangement with IDL Wheel Tenant, LLC, we agreed to fund to the developer a portion of the loan in the euro and we locked the euro to U.S. dollar exchange rate at $1.278 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 September 2014, a new forward contract was executed to offset an existing forward contract that has not yet reached its maturity. These two offsetting forward contracts will mature in July 2015.

	(e)	In connection with an investment 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.

	(f)	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 September 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 in the consolidated financial statements (in thousands):


			Amount of Gain (Loss) Recognized in
Other Comprehensive Loss on Derivatives (Effective Portion)
				Three Months Ended September 30,								Nine Months Ended September 30,
Derivatives in Cash Flow Hedging Relationships		2014				2013				2014				2013
Interest rate cap (a)		$	227			$	315			$	913			$	879

Interest rate swaps		500				(744		)		(3,920		)		7,712

Foreign currency collars		(91		)		(1,410		)		(290		)		(1,471		)
Foreign currency forward contracts		18,208				(7,449		)		17,799				(4,012		)


Derivative formerly in a Net Investment Hedging Relationship (b)
Foreign currency forward contract		4,192				(934		)		4,511				82

Total		$	23,036			$	(10,222	)		$	19,013			$	3,190

___________

(a)	Includes gains attributable to noncontrolling interests of $0.1 million for both the three months ended September 30, 2014 and 2013 and $0.4 million for both the nine months ended September 30, 2014 and 2013.

(b)	In September 2014, a new forward contract was executed to offset this existing forward contract that has not yet reached its maturity. As a result of this transaction, this existing forward contract was de-designated as a hedging instrument. However, the effective portion of the change in fair value (through the date of de-designation) and the settlement of this contract are reported in the foreign currency translation adjustment section of Other comprehensive (loss) income until the underlying investment is sold, at which time we will reclassify the gain or loss to earnings.


				Amount of Gain (Loss) Reclassified from
				Other Comprehensive Loss into Income (Effective Portion)
Derivatives in Cash Flow		Location of Gain (Loss) Reclassified to Income		Three Months Ended September 30,								Nine Months Ended September 30,
Hedging Relationships
				2014				2013 (c)				2014				2013 (c)
Interest rate cap		Interest expense		$	(226	)		$	(316	)		$	(913	)		$	(881	)
Interest rate swaps		Interest expense		(1,811		)		(1,595		)		(5,259		)		(4,501		)
Foreign currency collars		Other income and (expenses)		557				188				751				1,129

Foreign currency forward contracts		Other income and (expenses)		526				353				425				724

Total				$	(954	)		$	(1,370	)		$	(4,996	)		$	(3,529	)
___________

(c)	The amounts included in this column for the periods presented herein have been revised to reverse the signs that were incorrectly presented when originally filed. In addition, similar revisions will be made to the columns for the years ended December 31, 2013 and 2012 in the Form 10-K for the year ended December 31, 2014; and the column for the quarter ended March 31, 2014 in the Form 10-Q for the quarter ended March 31, 2015 when filed.

Amounts reported in Other comprehensive (loss) income related to interest rate swaps will be reclassified to Interest expense as interest payments are made on our variable-rate debt. Amounts reported in Other comprehensive (loss) income related to foreign currency derivative contracts will be reclassified to Other income and (expenses) when the hedged foreign currency contracts are settled. At September 30, 2014, we estimated that an additional $7.8 million and $2.3 million will be reclassified as interest expense and other income, respectively, during the next 12 months.



				Amount of Gain (Loss) Recognized in Income on Derivatives
Derivatives Not in		Location of Gain (Loss) Recognized in Income		Three Months Ended September 30,								Nine Months Ended September 30,
Hedging Relationships				2014				2013				2014				2013
Embedded credit derivatives		Other income and (expenses)		$	725			$	(1,093	)		$	1,006			$	(540	)

Foreign currency forward contracts		Other income and (expenses)		445				59				327				822

Stock warrants		Other income and (expenses)		132				66				66				231

Swaption		Other income and (expenses)		(83		)		58				(512		)		237

Derivatives in Hedging Relationships
Interest rate swaps (a)		Interest expense		91				(50		)		216				154

Total				$	1,310			$	(960	)		$	1,103			$	904

___________

(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 Swaption

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 and swaptions 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. 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 and swaption that we had outstanding on our consolidated subsidiaries at September 30, 2014 are summarized as follows (currency in thousands):


Interest Rate Derivatives		Number of Instruments		Notional				Fair Value at
				Amount				September 30, 2014 (a)
Designated as Cash Flow Hedging Instruments
Interest rate swaps		6		€	185,947			$	(8,546	)

Interest rate swaps		13		$	234,621			(4,799		)

Not Designated as Hedging Instrument
Swaption		1		$	13,230			693

								$	(12,652	)
____________

(a)	Fair value amount is based on the exchange rate of the euro at September 30, 2014, as applicable.

The interest rate swap that one of our unconsolidated jointly-owned investments had outstanding at September 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-Sep-14				Amount				September 30, 2014 (a)
Interest rate swap		85%		1		€	11,851			$	(605	)

____________

(a)	Fair value amount is based on the exchange rate of the euro at September 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.

The following table presents the foreign currency derivative contracts we had outstanding and their designations at September 30, 2014 (currency in thousands):


Foreign Currency Derivatives		Number of Instruments		Notional				Fair Value at
				Amount				September 30, 2014 (a)
Designated as Cash Flow Hedging Instruments
Foreign currency forward contracts		101		€	202,155			$	8,301

Foreign currency forward contracts		13		¥	604,232			1,890

Not Designated as Hedging Instruments
Foreign currency forward contracts		2		€	90,000			2,215

Foreign currency forward contracts		1		¥	610,129			1,824

								$	14,230

___________

(a)	Fair value amounts are based on the exchange rate of the euro or the Japanese yen, as applicable, at September 30, 2014.

Credit Risk-Related Contingent Features

We measure our credit exposure on a counterparty basis as the net positive aggregate estimated fair value of our derivatives, net of collateral received, if any. No collateral was received as of September 30, 2014. At September 30, 2014, our total credit exposure was $12.7 million, inclusive of noncontrolling interest, and the maximum exposure to any single counterparty was $5.1 million.

Some of the agreements we have with our derivative counterparties contain certain credit contingent provisions that could result in a declaration of default against us regarding our derivative obligations if we either default or are capable of being declared in default on certain of our indebtedness. At September 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 $16.3 million and $25.1 million at September 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 September 30, 2014 or December 31, 2013, we could have been required to settle our obligations under these agreements at their aggregate termination value of $17.1 million and $27.1 million, respectively.

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 September 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 September 30,								Nine Months Ended September 30,
		2014				2013				2014				2013
Domestic
	Revenues	$	68,871			$	64,343			$	208,850			$	190,195

	Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	16,786				8,667				59,628				32,389

	Net income attributable to noncontrolling interests	(9,042		)		(6,401		)		(24,009		)		(21,219		)
	Net income attributable to CPA®:17 – Global	6,353				3,888				32,940				11,277

Italy
	Revenues	$	7,750			$	7,660			$	23,700			$	22,935

	Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	1,813				1,665				5,698				5,524

	Net income attributable to noncontrolling interests	—				—				—				—

	Net income attributable to CPA®:17 – Global	1,732				1,666				5,555				5,524

Other International
	Revenues	$	21,366			$	19,616			$	65,373			$	54,207

	Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	8,425				1,670				25,323				18,014

	Net income attributable to noncontrolling interests	(151		)		(114		)		(501		)		(515		)
	Net income (loss) attributable to CPA®:17 – Global	7,095				(528		)		21,632				15,852

Total
	Revenues	$	97,987			$	91,619			$	297,923			$	267,337

	Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	27,024				12,002				90,649				55,927

	Net income attributable to noncontrolling interests	(9,193		)		(6,515		)		(24,510		)		(21,734		)
	Net income attributable to CPA®:17 – Global	15,180				5,026				60,127				32,653



		September 30, 2014				December 31, 2013
Domestic
	Long-lived assets (a)	$	2,409,063			$	2,195,465

	Non-recourse debt	1,353,774				1,319,094

Italy
	Long-lived assets (a)	$	311,787			$	343,876

	Non-recourse debt	205,339				223,937

Other International
	Long-lived assets (a)	$	842,899			$	1,022,754

	Non-recourse debt	359,692				372,570

Total
	Long-lived assets (a)	$	3,563,749			$	3,562,095

	Non-recourse debt	1,918,805				1,915,601

___________

(a)	Consists of Net investments in real estate.

For the nine months ended September 30, 2014, the following tenants represented 5% or more of total lease revenues:


•	Metro Cash & Carry Italia S.p.A (10%);

•	The New York Times Company (9%);

•	Agrokor d.d. (8%);

•	KBR, Inc. (7%); and

•	General Parts Inc., Golden State Supply LLC, Straus-Frank Enterprises LLC, General Parts Distribution LLC and Worldpac Inc. (6%).

NonRecourse_Debt

Non-Recourse Debt	9 Months Ended
	Sep. 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 September 30, 2014 and December 31, 2013. At September 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 nine months ended September 30, 2014, we obtained three new non-recourse mortgage financings totaling $57.0 million with a weighted-average annual interest rate and term of 3.5% and seven years, respectively, of which $53.3 million related to investments we acquired during prior years and $3.7 million related to an investment we acquired during the current year. 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 nine months ended September 30, 2014. Additionally, we refinanced two non-recourse mortgage loans totaling $22.1 million with new financings totaling $24.9 million, with a weighted-average annual interest rate and term of 7.0% and 14 years, respectively, and recognized a total of $0.3 million in losses on the extinguishment of the refinanced debts.

	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)	$	8,805

	2015	69,779

	2016	282,058

	2017	354,270

	2018	155,422

	Thereafter through 2039	1,051,889

		1,922,223

	Unamortized discount, net	(3,418		)
	Total	$	1,918,805


	Certain amounts in the table above are based on the applicable foreign currency exchange rate at September 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 nine months ended September 30, 2014 was a decrease of $45.1 million from December 31, 2013 to September 30, 2014.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies

	At September 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	9 Months Ended
	Sep. 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 September 30, 2014
		Gains and Losses				Gains and Losses on Marketable Securities				Foreign Currency Translation Adjustments				Total
		on Derivative Instruments
	Beginning balance	$	(29,911	)		$	(344	)		$	13,360			$	(16,895	)

	Other comprehensive income (loss) before reclassifications	22,082				77				(61,105		)		(38,946		)

	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	2,037				—				—				2,037

	Other income and (expenses)	(1,083		)		—				—				(1,083		)

	Total	954				—				—				954

	Net current-period Other comprehensive income (loss)	23,036				77				(61,105		)		(37,992		)

	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(102		)		—				905				803

	Ending balance	$	(6,977	)		$	(267	)		$	(46,840	)		$	(54,084	)



		Three Months Ended September 30, 2013
		Gains and Losses				Gains and Losses on Marketable Securities				Foreign Currency Translation Adjustments				Total
		on Derivative Instruments
	Beginning balance	$	(12,730	)		$	(423	)		$	(25,636	)		$	(38,789	)
	Other comprehensive (loss) income before reclassifications	(11,592		)		24				32,477				20,909

	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	1,911				—				—				1,911

	Other income and (expenses)	(541		)		—				—				(541		)

	Total	1,370				—				—				1,370

	Net current-period Other comprehensive (loss) income	(10,222		)		24				32,477				22,279

	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(142		)		—				(408		)		(550		)

	Ending balance	$	(23,094	)		$	(399	)		$	6,433			$	(17,060	)




		Nine Months Ended September 30, 2014
		Gains and Losses				Gains and Losses on Marketable Securities				Foreign Currency Translation Adjustments				Total
		on Derivative Instruments
	Beginning balance	$	(25,579	)		$	(391	)		$	20,695			$	(5,275	)

	Other comprehensive income (loss) before reclassifications	14,017				124				(68,537		)		(54,396		)

	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	6,172				—				—				6,172

	Other income and (expenses)	(1,176		)		—				—				(1,176		)

Total	4,996				—				—				4,996

Net current-period Other comprehensive income (loss)	19,013				124				(68,537		)		(49,400		)

Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(411		)		—				1,002				591

Ending balance	$	(6,977	)		$	(267	)		$	(46,840	)		$	(54,084	)



	Nine Months Ended September 30, 2013
	Gains and Losses				Gains and Losses on Marketable Securities				Foreign Currency Translation Adjustments				Total
	on Derivative Instruments
Beginning balance	$	(25,888	)		$	(470	)		$	(9,008	)		$	(35,366	)
Other comprehensive (loss) income before reclassifications	(339		)		71				15,614				15,346

Amounts reclassified from accumulated other comprehensive loss to:
Interest expense	5,382				—				—				5,382

Other income and (expenses)	(1,853		)		—				—				(1,853		)

Total	3,529				—				—				3,529

Net current-period Other comprehensive income	3,190				71				15,614				18,875

Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(396		)		—				(173		)		(569		)

Ending balance	$	(23,094	)		$	(399	)		$	6,433			$	(17,060	)


Distributions Declared

During the third quarter of 2014, our board of directors declared a quarterly distribution of $0.1625 per share, which was paid on October 15, 2014 to stockholders of record on September 30, 2014, in the amount of $53.0 million.

Property_Dispositions_and_Disc

Property Dispositions and Discontinued Operations	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Property Dispositions and Discontinued Operations	'
	Property Dispositions and Discontinued Operations

	From time to time, we may decide to sell a property. We have an active capital recycling program, with a goal of extending the average lease term through reinvestment, improving portfolio credit quality through dispositions and acquisitions of assets, increasing the asset criticality factor in our portfolio, and/or executing strategic dispositions of assets. We may make a decision to dispose of a property when it is vacant as a result of tenants vacating space, tenants electing not to renew their leases, tenant insolvency, or lease rejection in the bankruptcy process. In such cases, we assess whether we can obtain the highest value from the property by selling it, as opposed to re-leasing it. We may also sell a property when we receive an unsolicited offer or negotiate a price for an investment that is consistent with our strategy for that investment. When it is appropriate to do so, we classify the property as an asset held for sale on our consolidated balance sheet. For those properties sold or classified as held-for-sale prior to January 1, 2014, the current and prior period results of operations of the property have been reclassified as discontinued operations under current accounting guidance (Note 2).

	Property Dispositions Included in Continuing Operations

	During the nine months ended September 30, 2014, we recognized a gain on sale of real estate of $12.5 million in connection with the I Shops Partial Sale (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 September 30,					Nine Months Ended September 30,
		2014		2013			2014		2013
	Revenues	$	—	$	1,325		$	—	$	3,702

	Expenses	—		(1,076		)	—		(2,962		)

	Income from discontinued operations	$	—	$	249		$	—	$	740


	On October 8, 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)	9 Months Ended
Basis of Presentation (Policies)	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of Consolidation	'
	Basis of Consolidation

	Our consolidated financial statements reflect all of our accounts, including those of our controlled subsidiaries and our tenancy-in-common interests, as described below. The portion of equity in a consolidated subsidiary that is not attributable, directly or indirectly, to us is presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated.

	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	'
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 as the characteristics of the arrangement with the third-party developers are more similar to a jointly-owned investment or partnership rather than a loan.
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 lease intangibles 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 Rental income; amortization of below-market ground lease intangibles is included in Property 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 interest rate swaps and foreign currency contracts; 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 interest rate swaps, foreign currency forward contracts, stock warrants, embedded derivatives, and a swaption (Note 9). The interest rate swaps, 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	'
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	'
Discontinued Operations	From time to time, we may decide to sell a property. We have an active capital recycling program, with a goal of extending the average lease term through reinvestment, improving portfolio credit quality through dispositions and acquisitions of assets, increasing the asset criticality factor in our portfolio, and/or executing strategic dispositions of assets. We may make a decision to dispose of a property when it is vacant as a result of tenants vacating space, tenants electing not to renew their leases, tenant insolvency, or lease rejection in the bankruptcy process. In such cases, we assess whether we can obtain the highest value from the property by selling it, as opposed to re-leasing it. We may also sell a property when we receive an unsolicited offer or negotiate a price for an investment that is consistent with our strategy for that investment. When it is appropriate to do so, we classify the property as an asset held for sale on our consolidated balance sheet. For those properties sold or classified as held-for-sale prior to January 1, 2014, the current and prior period results of operations of the property have been reclassified as discontinued operations under current accounting guidance (Note 2).
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 financial statements, but are disclosed in Note 13 to the consolidated financial statements. By contrast, and as required by the new guidance, the consolidated financial statements 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 2013-11 became effective for us at the beginning of 2014. The adoption of ASU 2013-11 did not have a material impact on our financial condition or results of operations.

Agreements_and_Transactions_wi1

Agreements and Transactions with Related Parties (Tables)	9 Months Ended
	Sep. 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 September 30,					Nine Months Ended September 30,
		2014			2013		2014		2013
	Amounts Included in the Consolidated Statements of Income

	Asset management fees	$	6,468		$	5,658	$	19,934	$	16,131

	Available Cash Distribution	6,111			3,557		15,380		12,681

	Personnel and overhead reimbursements	2,936			2,262		8,557		6,529

	Acquisition expenses	—			5,720		1,191		6,891

	Office rent reimbursements	270			366		972		949

	Interest expense on deferred acquisition fees and loan from affiliate	121			204		401		646

		$	15,906		$	17,767	$	46,435	$	43,827

	Acquisition Fees Capitalized
	Current acquisition fees	$	307		$	1,824	$	1,662	$	4,011

	Deferred acquisition fees	247			1,460		937		2,678

		$	554		$	3,284	$	2,599	$	6,689




		September 30, 2014			December 31, 2013
	Due to Affiliates
	Deferred acquisition fees, including interest	$	8,900		$	15,573

	Asset management fees payable	2,213			1,972

	Reimbursable costs	1,266			264

	Subordinated disposition fees	202			202

	Accounts (receivable) payable	(27		)	2,200

		$	12,554		$	20,211

Net_Investments_in_Properties_1

Net Investments in Properties and Real Estate Under Construction (Tables)	9 Months Ended
	Sep. 30, 2014
Real Estate [Abstract]	'
Schedule of Real Estate Properties	'
	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):


		September 30, 2014			December 31, 2013
	Land	$	514,756		$	553,389

	Buildings	1,867,816			1,848,926

	Less: Accumulated depreciation	(164,792		)	(129,051		)
		$	2,217,780		$	2,273,264

	Operating real estate, which consists primarily of our domestic hotel and self-storage operations, at cost, is summarized as follows (in thousands):


		September 30, 2014			December 31, 2013
	Land	$	66,066		$	66,066

	Buildings	206,125			217,304

	Less: Accumulated depreciation	(20,224		)	(15,354		)
		$	251,967		$	268,016

Other Real Estate, Roll Forward	'
	The following table provides the activity of our Real estate under construction (in thousands):


		Nine Months Ended			Year Ended
		September 30, 2014			December 31, 2013
	Beginning balance	$	127,935		$	71,285

	Capitalized funds	68,120			90,007

	Placed into service	(76,704		)	(42,225		)
	Capitalized interest	4,769			5,208

	Building improvements and other	(846		)	3,660

	Ending balance	$	123,274		$	127,935

Finance_Receivables_Tables

Finance Receivables (Tables)	9 Months Ended
	Sep. 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 at
	Internal Credit Quality Indicator	September 30, 2014	December 31, 2013	September 30, 2014		December 31, 2013
	1	—	—	$	—	$	—

	2	1	1	2,256		2,250

	3	9	8	431,621		430,713

	4	3	3	87,684		86,953

	5	—	—	—		—

				$	521,561	$	519,916

Equity_Investments_in_Real_Est1

Equity Investments in Real Estate (Tables)	9 Months Ended
	Sep. 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	30-Sep-14	September 30, 2014		December 31, 2013
	Shelborne Property Associates, LLC (a)		Third Party	33%	$	146,184	$	129,575

	C1000 Logistiek Vastgoed B.V. (b) (c) (d)		WPC	85%	74,836		84,119

	U-Haul Moving Partners, Inc. and Mercury Partners, LP		WPC	12%	41,753		43,051

	Bank Pekao S.A. (b) (e)		CPA®:18 – Global	50%	32,719		—

	BG LLH, LLC (f)		Third Party	7%	30,691		—

	IDL Wheel Tenant, LLC (g)		Third Party	N/A	29,709		6,017

	BPS Nevada, LLC		Third Party	15%	24,128		23,278

	Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC (d) (h)		Third Party	45%	20,962		23,907

	State Farm		CPA®:18 – Global	50%	20,248		20,913

	Berry Plastics Corporation		WPC	50%	16,894		17,659

	Tesco plc (b)		WPC	49%	15,483		17,965

	Hellweg Die Profi-Baumärkte GmbH & Co. KG (b) (d)		WPC	37%	10,804		12,978

	Agrokor d.d. (referred to as Agrokor 5) (b) (i)		CPA®:18 – Global	20%	10,457		19,217

	Eroski Sociedad Cooperativa – Mallorca (b)		WPC	30%	8,990		9,639

	Dick’s Sporting Goods, Inc.		WPC	45%	5,309		4,646

					$	489,167	$	412,964

	___________

	(a)	Represents a domestic ADC Arrangement. We consider this investment a VIE. We provided funding of $14.6 million to this investment during the nine months ended September 30, 2014. At September 30, 2014, the unfunded balance on the loan related to this investment was $0.3 million. Additionally, during the first quarter of 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. This income was subsequently offset with our share of losses incurred by the lessee during the second and third quarters of 2014.

	(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 $86.8 million and $95.6 million at September 30, 2014 and December 31, 2013, respectively. Of these amounts, $73.7 million and $81.3 million represent the amounts we agreed to pay and are included within the carrying value of this investment at September 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. Subsequent to the acquisition, a $54.6 million distribution was made to us representing our share of new financing obtained by the investment.

	(f)	See Conversion to Equity Investment below.

	(g)	Represents a domestic ADC Arrangement. We consider this investment a VIE. We provided funding of $23.0 million to this investment and capitalized $0.7 million of interest related to the loan during the nine months ended September 30, 2014. At September 30, 2014, the unfunded balance on the loan related to this investment was $20.0 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)	9 Months Ended
	Sep. 30, 2014
Intangible Assets And Liabilities [Abstract]	'
Schedule Of Acquired Intangible Assets Liabilities By Major Class	'
	In connection with our investment activity during the nine months ended September 30, 2014, we recorded net lease intangibles comprised as follows (life in years, dollars in thousands):


		Weighted-Average Life		Amount
	Amortizable Intangible Assets
	In-place lease	5.6		$	9,914

	Above-market rent	20		455

				$	10,369

	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):


		September 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	$	536,028			$	(106,386	)	$	429,642		$	537,271		$	(80,027	)	$	457,244

	Above-market rent	93,654				(15,649		)	78,005			97,109			(12,413		)	84,696

	Tenant relationship	13,082				(4,487		)	8,595			13,552			(4,299		)	9,253

	Below-market ground leases	7,124				(169		)	6,955			7,124			(79		)	7,045

		649,888				(126,691		)	523,197			655,056			(96,818		)	558,238

	Unamortizable Intangible Assets
	Goodwill	318				—			318			4,062			—			4,062

	Total intangible assets	$	650,206			$	(126,691	)	$	523,515		$	659,118		$	(96,818	)	$	562,300


	Amortizable Intangible Liabilities
	Below-market rent	$	(111,819	)		$	12,002		$	(99,817	)	$	(110,606	)	$	8,163		$	(102,443	)

	Above-market ground lease	(1,145		)		14			(1,131		)	(157		)	3			(154		)

	Total intangible liabilities	$	(112,964	)		$	12,016		$	(100,948	)	$	(110,763	)	$	8,166		$	(102,597	)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	'
	Based on the intangible assets and liabilities recorded at September 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)		$	(104	)		$	9,406		$	9,302

	2015		(400		)		36,278			35,878

	2016		(108		)		31,626			31,518

	2017		115				28,967			29,082

	2018		140				28,858			28,998

	Thereafter		(21,455		)		308,926			287,471

			$	(21,812	)		$	444,061		$	422,249

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 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-Sep-14				31-Dec-13
		Level	Carrying Value		Fair Value		Carrying Value		Fair Value
	Non-recourse debt (a)	3	$	1,918,805	$	1,966,503	$	1,915,601	$	1,944,865

	Note receivable (a)	3	40,000		42,450		40,000		43,890

	Other securities (b)	3	10,096		10,096		9,915		15,548

	Deferred acquisition fees payable (c)	3	8,524		9,556		15,033		15,950

	CMBS (d)	3	3,257		8,715		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)	Amounts at September 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 were included in Other assets, net in the consolidated financial statements. As of September 30, 2014, we converted the equity securities to an equity investment in real estate (Note 6) and acquired an additional interest in the foreign debenture.

	(c)	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.

	(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 three or nine months ended September 30, 2014 or 2013.

Risk_Management_and_Use_of_Der1

Risk Management and Use of Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	'
	The following table sets forth certain information regarding our derivative instruments (in thousands):


	Derivatives Designated				Asset Derivatives Fair Value at								Liability Derivatives Fair Value at
	as Hedging Instruments		Balance Sheet Location		September 30, 2014				December 31, 2013				September 30, 2014				December 31, 2013
	Foreign currency forward contracts		Other assets, net		$	10,268			$	2,002			$	—			$	—

	Interest rate swaps		Other assets, net		605				1,895				—				—

	Foreign currency collars		Other assets, net		—				429				—				—

	Foreign currency forward contracts		Accounts payable, accrued expenses and other liabilities		—				—				(77		)		(11,928		)

	Interest rate swaps		Accounts payable, accrued expenses and other liabilities		—				—				(13,950		)		(12,911		)

	Derivatives Not Designated
	as Hedging Instruments
	Embedded derivatives (a)		Accounts payable, accrued expenses and other liabilities		—				—				—				(2,164		)

	Embedded derivatives (a) (b)		Other assets, net		2,260				2,314				—				—

	Stock warrants (c)		Other assets, net		1,848				1,782				—				—

	Foreign currency forward contract (d)		Accounts payable, accrued expenses and other liabilities		—				—				(471		)		—

	Foreign currency forward contracts (d) (e)		Other assets, net		4,510				1,521				—				—

	Swaption (f)		Other assets, net		693				1,205				—				—

	Total derivatives				$	20,184			$	11,148			$	(14,498	)		$	(27,003	)

	___________

	(a)	In connection with the ADC Arrangement with IDL Wheel Tenant, LLC, we agreed to fund to the developer a portion of the loan in the euro and we locked the euro to U.S. dollar exchange rate at $1.278 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 September 2014, a new forward contract was executed to offset an existing forward contract that has not yet reached its maturity. These two offsetting forward contracts will mature in July 2015.

	(e)	In connection with an investment 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.

	(f)	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 in the consolidated financial statements (in thousands):


			Amount of Gain (Loss) Recognized in
			Other Comprehensive Loss on Derivatives (Effective Portion)
			Three Months Ended September 30,								Nine Months Ended September 30,
	Derivatives in Cash Flow Hedging Relationships		2014				2013				2014				2013
	Interest rate cap (a)		$	227			$	315			$	913			$	879

	Interest rate swaps		500				(744		)		(3,920		)		7,712

	Foreign currency collars		(91		)		(1,410		)		(290		)		(1,471		)
	Foreign currency forward contracts		18,208				(7,449		)		17,799				(4,012		)


	Derivative formerly in a Net Investment Hedging Relationship (b)
	Foreign currency forward contract		4,192				(934		)		4,511				82

	Total		$	23,036			$	(10,222	)		$	19,013			$	3,190

	___________

	(a)	Includes gains attributable to noncontrolling interests of $0.1 million for both the three months ended September 30, 2014 and 2013 and $0.4 million for both the nine months ended September 30, 2014 and 2013.

	(b)	In September 2014, a new forward contract was executed to offset this existing forward contract that has not yet reached its maturity. As a result of this transaction, this existing forward contract was de-designated as a hedging instrument. However, the effective portion of the change in fair value (through the date of de-designation) and the settlement of this contract are reported in the foreign currency translation adjustment section of Other comprehensive (loss) income until the underlying investment is sold, at which time we will reclassify the gain or loss to earnings.


					Amount of Gain (Loss) Reclassified from
					Other Comprehensive Loss into Income (Effective Portion)
	Derivatives in Cash Flow		Location of Gain (Loss) Reclassified to Income		Three Months Ended September 30,								Nine Months Ended September 30,
	Hedging Relationships
					2014				2013 (c)				2014				2013 (c)
	Interest rate cap		Interest expense		$	(226	)		$	(316	)		$	(913	)		$	(881	)
	Interest rate swaps		Interest expense		(1,811		)		(1,595		)		(5,259		)		(4,501		)
	Foreign currency collars		Other income and (expenses)		557				188				751				1,129

	Foreign currency forward contracts		Other income and (expenses)		526				353				425				724

	Total				$	(954	)		$	(1,370	)		$	(4,996	)		$	(3,529	)
	___________

	(c)	The amounts included in this column for the periods presented herein have been revised to reverse the signs that were incorrectly presented when originally filed. In addition, similar revisions will be made to the columns for the years ended December 31, 2013 and 2012 in the Form 10-K for the year ended December 31, 2014; and the column for the quarter ended March 31, 2014 in the Form 10-Q for the quarter ended March 31, 2015 when filed.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	'


					Amount of Gain (Loss) Recognized in Income on Derivatives
	Derivatives Not in		Location of Gain (Loss) Recognized in Income		Three Months Ended September 30,								Nine Months Ended September 30,
	Hedging Relationships				2014				2013				2014				2013
	Embedded credit derivatives		Other income and (expenses)		$	725			$	(1,093	)		$	1,006			$	(540	)

	Foreign currency forward contracts		Other income and (expenses)		445				59				327				822

	Stock warrants		Other income and (expenses)		132				66				66				231

	Swaption		Other income and (expenses)		(83		)		58				(512		)		237

	Derivatives in Hedging Relationships
	Interest rate swaps (a)		Interest expense		91				(50		)		216				154

	Total				$	1,310			$	(960	)		$	1,103			$	904

	___________

	(a)	Relates to the ineffective portion of the hedging relationship.

Schedule of Derivative Instruments	'
	The interest rate swaps and swaption that we had outstanding on our consolidated subsidiaries at September 30, 2014 are summarized as follows (currency in thousands):


	Interest Rate Derivatives		Number of Instruments		Notional				Fair Value at
					Amount				September 30, 2014 (a)
	Designated as Cash Flow Hedging Instruments
	Interest rate swaps		6		€	185,947			$	(8,546	)

	Interest rate swaps		13		$	234,621			(4,799		)

	Not Designated as Hedging Instrument
	Swaption		1		$	13,230			693

									$	(12,652	)
	____________

	(a)	Fair value amount is based on the exchange rate of the euro at September 30, 2014, as applicable.

	The interest rate swap that one of our unconsolidated jointly-owned investments had outstanding at September 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-Sep-14				Amount				September 30, 2014 (a)
	Interest rate swap		85%		1		€	11,851			$	(605	)

	____________

	(a)	Fair value amount is based on the exchange rate of the euro at September 30, 2014.
	The following table presents the foreign currency derivative contracts we had outstanding and their designations at September 30, 2014 (currency in thousands):


	Foreign Currency Derivatives		Number of Instruments		Notional				Fair Value at
					Amount				September 30, 2014 (a)
	Designated as Cash Flow Hedging Instruments
	Foreign currency forward contracts		101		€	202,155			$	8,301

	Foreign currency forward contracts		13		¥	604,232			1,890

	Not Designated as Hedging Instruments
	Foreign currency forward contracts		2		€	90,000			2,215

	Foreign currency forward contracts		1		¥	610,129			1,824

									$	14,230

	___________

	(a)	Fair value amounts are based on the exchange rate of the euro or the Japanese yen, as applicable, at September 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 September 30,								Nine Months Ended September 30,
			2014				2013				2014				2013
	Domestic
		Revenues	$	68,871			$	64,343			$	208,850			$	190,195

		Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	16,786				8,667				59,628				32,389

		Net income attributable to noncontrolling interests	(9,042		)		(6,401		)		(24,009		)		(21,219		)
		Net income attributable to CPA®:17 – Global	6,353				3,888				32,940				11,277

	Italy
		Revenues	$	7,750			$	7,660			$	23,700			$	22,935

		Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	1,813				1,665				5,698				5,524

		Net income attributable to noncontrolling interests	—				—				—				—

		Net income attributable to CPA®:17 – Global	1,732				1,666				5,555				5,524

	Other International
		Revenues	$	21,366			$	19,616			$	65,373			$	54,207

		Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	8,425				1,670				25,323				18,014

		Net income attributable to noncontrolling interests	(151		)		(114		)		(501		)		(515		)
		Net income (loss) attributable to CPA®:17 – Global	7,095				(528		)		21,632				15,852

	Total
		Revenues	$	97,987			$	91,619			$	297,923			$	267,337

		Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	27,024				12,002				90,649				55,927

		Net income attributable to noncontrolling interests	(9,193		)		(6,515		)		(24,510		)		(21,734		)
		Net income attributable to CPA®:17 – Global	15,180				5,026				60,127				32,653



			September 30, 2014				December 31, 2013
	Domestic
		Long-lived assets (a)	$	2,409,063			$	2,195,465

		Non-recourse debt	1,353,774				1,319,094

	Italy
		Long-lived assets (a)	$	311,787			$	343,876

		Non-recourse debt	205,339				223,937

	Other International
		Long-lived assets (a)	$	842,899			$	1,022,754

		Non-recourse debt	359,692				372,570

	Total
		Long-lived assets (a)	$	3,563,749			$	3,562,095

		Non-recourse debt	1,918,805				1,915,601

	___________

(a)	Consists of Net investments in real estate.

NonRecourse_Debt_Tables

Non-Recourse Debt (Tables)	9 Months Ended
	Sep. 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)	$	8,805

	2015	69,779

	2016	282,058

	2017	354,270

	2018	155,422

	Thereafter through 2039	1,051,889

		1,922,223

	Unamortized discount, net	(3,418		)
	Total	$	1,918,805

Equity_Tables

Equity (Tables)	9 Months Ended
	Sep. 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 September 30, 2014
		Gains and Losses				Gains and Losses on Marketable Securities				Foreign Currency Translation Adjustments				Total
		on Derivative Instruments
	Beginning balance	$	(29,911	)		$	(344	)		$	13,360			$	(16,895	)

	Other comprehensive income (loss) before reclassifications	22,082				77				(61,105		)		(38,946		)

	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	2,037				—				—				2,037

	Other income and (expenses)	(1,083		)		—				—				(1,083		)

	Total	954				—				—				954

	Net current-period Other comprehensive income (loss)	23,036				77				(61,105		)		(37,992		)

	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(102		)		—				905				803

	Ending balance	$	(6,977	)		$	(267	)		$	(46,840	)		$	(54,084	)



		Three Months Ended September 30, 2013
		Gains and Losses				Gains and Losses on Marketable Securities				Foreign Currency Translation Adjustments				Total
		on Derivative Instruments
	Beginning balance	$	(12,730	)		$	(423	)		$	(25,636	)		$	(38,789	)
	Other comprehensive (loss) income before reclassifications	(11,592		)		24				32,477				20,909

	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	1,911				—				—				1,911

	Other income and (expenses)	(541		)		—				—				(541		)

	Total	1,370				—				—				1,370

	Net current-period Other comprehensive (loss) income	(10,222		)		24				32,477				22,279

	Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(142		)		—				(408		)		(550		)

	Ending balance	$	(23,094	)		$	(399	)		$	6,433			$	(17,060	)




		Nine Months Ended September 30, 2014
		Gains and Losses				Gains and Losses on Marketable Securities				Foreign Currency Translation Adjustments				Total
		on Derivative Instruments
	Beginning balance	$	(25,579	)		$	(391	)		$	20,695			$	(5,275	)

	Other comprehensive income (loss) before reclassifications	14,017				124				(68,537		)		(54,396		)

	Amounts reclassified from accumulated other comprehensive loss to:
	Interest expense	6,172				—				—				6,172

	Other income and (expenses)	(1,176		)		—				—				(1,176		)

	Total	4,996				—				—				4,996

	Net current-period Other comprehensive income (loss)	19,013				124				(68,537		)		(49,400		)

Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(411		)		—				1,002				591

Ending balance	$	(6,977	)		$	(267	)		$	(46,840	)		$	(54,084	)



	Nine Months Ended September 30, 2013
	Gains and Losses				Gains and Losses on Marketable Securities				Foreign Currency Translation Adjustments				Total
	on Derivative Instruments
Beginning balance	$	(25,888	)		$	(470	)		$	(9,008	)		$	(35,366	)
Other comprehensive (loss) income before reclassifications	(339		)		71				15,614				15,346

Amounts reclassified from accumulated other comprehensive loss to:
Interest expense	5,382				—				—				5,382

Other income and (expenses)	(1,853		)		—				—				(1,853		)

Total	3,529				—				—				3,529

Net current-period Other comprehensive income	3,190				71				15,614				18,875

Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	(396		)		—				(173		)		(569		)

Ending balance	$	(23,094	)		$	(399	)		$	6,433			$	(17,060	)

Property_Dispositions_and_Disc1

Property Dispositions and Discontinued Operations (Tables)	9 Months Ended
	Sep. 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 September 30,					Nine Months Ended September 30,
		2014		2013			2014		2013
	Revenues	$	—	$	1,325		$	—	$	3,702

	Expenses	—		(1,076		)	—		(2,962		)

	Income from discontinued operations	$	—	$	249		$	—	$	740

Organization_and_Offering_Narr

Organization and Offering (Narratives) (Details)	Sep. 30, 2014
	property
	tenant
	sqft
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Number of tenants	109
Square footage of real estate properties	35,000,000
Real Estate Properties	'
Number of real estate properties	359
Capital interest in operating partnership	99.99%
Operating real estate	'
Real Estate Properties	'
Number of real estate properties	75
Square footage of operating properties	6,000,000
Self storage	'
Real Estate Properties	'
Number of real estate properties	71

Agreements_and_Transactions_wi2

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

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

In Millions, except Share data, unless otherwise specified

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Mar. 31, 2014

Adjusted net income

Average invested assets

Bank Pekao

Long-term net lease

Minimum

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%

Interest rate on unpaid deferred acquisition fees

5.00%

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

325,903,988

317,353,899

8,089,323

Percentage of total common stock outstanding held by related party

2.50%

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		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Amounts Included in the Consolidated Statements of Income	'	'	'	'	'
Asset management fees	$6,468	$5,658	$19,934	$16,131	'
Available Cash Distribution	6,111	3,557	15,380	12,681	'
Personnel and overhead reimbursements	2,936	2,262	8,557	6,529	'
Acquisition expenses	0	5,720	1,191	6,891	'
Office rent reimbursements	270	366	972	949	'
Interest expense on deferred acquisition fees and loan from affiliate	121	204	401	646	'
Operating expenses	15,906	17,767	46,435	43,827	'
Acquisition Fees Capitalized	'	'	'	'	'
Current acquisition fees	307	1,824	1,662	4,011	'
Deferred acquisition fees	247	1,460	937	2,678	'
Transaction fees incurred	554	3,284	2,599	6,689	'
Due to Affiliates	'	'	'	'	'
Deferred acquisition fees, including interest	8,900	'	8,900	'	15,573
Asset management fees payable	2,213	'	2,213	'	1,972
Reimbursable costs	1,266	'	1,266	'	264
Subordinated disposition fees	202	'	202	'	202
Accounts (receivable) payable	-27	'	-27	'	2,200
Due to affiliates	$12,554	'	$12,554	'	$20,211

Net_Investments_in_Properties_2

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

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Apr. 24, 2014

Dec. 01, 2011

Sep. 30, 2014

Dec. 31, 2013

Apr. 24, 2014

Sep. 30, 2014

Apr. 24, 2014

Dec. 31, 2013

Apr. 24, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Apr. 21, 2014

Sep. 09, 2014

Feb. 07, 2014

Sep. 30, 2014

Feb. 07, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

I-Shops LLC

Real estate

Operating real estate

Real estate under construction

Ongoing Build-to-Suit Projects

New Build-to-Suit Projects

Manufacturing facility in New Concord, Ohio

Office facility in Krakow, Poland

Office Building in Tucson, AZ

Completed construction projects put in service

Partially completed projects put in service

property

Real estate under construction

Real estate

property

Real estate

Operating real estate

property

Operating real estate

property

Acquisition

Investment purchase price

$16,900,000

$4,400,000

$12,500,000

$19,000,000

Acquired finite-lived intangible asset, amount

4,100,000

Acquisition-related cost and fees, capitalized

554,000

3,284,000

2,599,000

6,689,000

1,200,000

1,600,000

2,300,000

Land

2,500,000

Buildings

11,200,000

Acquired finite-lived intangible asset, business combination

6,000,000

Acquisition costs, expensed

8,510,000

1,401,000

10,305,000

1,000,000

Purchase option

600,000

Assumed non-recourse debt

10,300,000

Construction loan

84,600,000

Number of construction projects put in service

Capitalized funds

68,120,000

90,007,000

53,300,000

9,700,000

Transfer of assets noncash

3,500,000

76,704,000

42,225,000

61,800,000

26,100,000

14,900,000

12,600,000

Capitalized interest

4,769,000

5,208,000

Number of open construction projects

Unfunded commitments

21,000,000

46,700,000

Foreign Currency Translation

Effects of foreign currency translation on balance sheet item

-61,105,000

32,477,000

-68,537,000

15,614,000

29,884,000

-75,000,000

Deconsolidation, Gain (Loss) with Related Disclosures

Potential ownership interest in entity

15.00%

Proceeds from the sales of investment

68,789,000

93,000

68,300,000

Net investment in properties

2,469,747,000

2,541,280,000

2,217,780,000

2,273,264,000

251,967,000

268,016,000

Gain on sale of real estate, net of tax

790,000

78,000

13,338,000

659,000

12,500,000

Deconsolidation of properties

55,400,000

27,900,000

25,800,000

Transfers from real estate owned

4,800,000

Accounts payable

130,565,000

132,254,000

Unpaid construction costs

$4,400,000

Net_Investments_in_Properties_3

Net Investments in Properties and Real Estate Under Construction (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Investments in real estate	'	'
Less: Accumulated depreciation	($185,016)	($144,405)
Net investments in properties	2,469,747	2,541,280
Real estate	'	'
Investments in real estate	'	'
Land	514,756	553,389
Buildings	1,867,816	1,848,926
Less: Accumulated depreciation	-164,792	-129,051
Net investments in properties	2,217,780	2,273,264
Operating real estate	'	'
Investments in real estate	'	'
Land	66,066	66,066
Buildings	206,125	217,304
Less: Accumulated depreciation	-20,224	-15,354
Net investments in properties	$251,967	$268,016

Net_Investments_in_Properties_4

Net Investments in Properties and Real Estate Under Construction (Details 2) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Real Estate Under Construction	'	'
Ending balance	$123,274	$127,935
Real estate under construction	'	'
Real Estate Under Construction	'	'
Beginning balance	127,935	71,285
Capitalized funds	68,120	90,007
Placed into service	-76,704	-42,225
Capitalized interest	4,769	5,208
Building improvements and other	-846	3,660
Ending balance	$123,274	$127,935

Finance_Receivables_Narratives

Finance Receivables (Narratives) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 14, 2010	Sep. 30, 2014	Dec. 31, 2013	Dec. 14, 2010	Apr. 21, 2014
Finance Receivables (Narratives) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	China Alliance Properties Limited	China Alliance Properties Limited	China Alliance Properties Limited	China Alliance Properties Limited	Manufacturing facility in Bluffton, IN
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	'	'	14-Dec-15	'	'	'	'
Net investments in direct financing leases	481,561,000	479,916,000	'	'	'	'	3,700,000
Acquisition fees capitalized	'	'	'	'	'	'	300,000
AR billed under DFL	$3,200,000	$800,000	'	'	'	'	'

Finance_Receivables_Details_1

Finance Receivables (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Credit Quality Of Finanace Receivables:	'	'
Finance receivables	$521,561	$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	2,256	2,250
Internally Assigned Grade 3	'	'
Credit Quality Of Finanace Receivables:	'	'
Number of tenants and obligors	9	8
Finance receivables	431,621	430,713
Internally Assigned Grade 4	'	'
Credit Quality Of Finanace Receivables:	'	'
Number of tenants and obligors	3	3
Finance receivables	87,684	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

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Mar. 31, 2014

Sep. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Apr. 07, 2014

Sep. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Equity investments in real estate

C1000 Logistiek Vastgooed B.V

Shelborne

IDL Wheel Tenant, LLC

Bank Pekao

BG LLH, LLC

Third Party

CPA 18 - Global

Shelborne

BPS Nevada, LLC

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

BG LLH, LLC

State Farm Mutual Automobile Company

Bank Pekao

Footnote Details

Non-recourse mortgage loans

$57,000,000

$86,800,000

$95,600,000

Share of the non-recourse debt

73,700,000

81,300,000

Capital contributions to equity investments

157,050,000

93,115,000

14,600,000

23,000,000

Interest paid, capitalized

700,000

Unfunded commitments

300,000

20,000,000

Net income from equity investments in real estate

2,052,000

513,000

9,777,000

3,380,000

6,500,000

2,000,000

Aggregate distributions from our interests in other unconsolidated real estate investments

20,600,000

18,100,000

54,600,000

Unamortized basis differences on our equity investments

32,100,000

25,900,000

Amortization of the basis difference

1,200,000

3,100,000

2,900,000

Investment purchase price

74,000,000

20,400,000

147,900,000

Acquisition-related cost and fees, capitalized

554,000

3,284,000

2,599,000

6,689,000

6,500,000

6,000,000

400,000

Acquisition costs, expensed

8,510,000

1,401,000

10,305,000

8,400,000

Ownership interest, percentage

33.00%

15.00%

45.00%

7.00%

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 $)	Sep. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Ownership interest in equity investments:	'	'	'
Equity investments in real estate	$489,167	'	$412,964
Shelborne Property Associates, LLC \| Third Party	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	33.00%	'	'
Equity investments in real estate	146,184	'	129,575
C1000 Logistiek Vastgooed B.V \| WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	85.00%	'	'
Equity investments in real estate	74,836	'	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	41,753	'	43,051
Bank Pekao \| CPA 18 - Global	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	50.00%	50.00%	'
Equity investments in real estate	32,719	'	0
BG LLH, LLC \| Third Party	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	7.00%	'	'
Equity investments in real estate	30,691	'	0
IDL Wheel Tenant, LLC \| Third Party	'	'	'
Ownership interest in equity investments:	'	'	'
Equity investments in real estate	29,709	'	6,017
BPS Nevada, LLC \| Third Party	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	15.00%	'	'
Equity investments in real estate	24,128	'	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	20,962	'	23,907
State Farm \| CPA 18 - Global	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	50.00%	'	'
Equity investments in real estate	20,248	'	20,913
Berry Plastics Corporation \| WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	50.00%	'	'
Equity investments in real estate	16,894	'	17,659
Tesco plc \| WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	49.00%	'	'
Equity investments in real estate	15,483	'	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	10,804	'	12,978
Agorkor 5 \| CPA 18 - Global	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	20.00%	'	'
Equity investments in real estate	10,457	'	19,217
Eroski Sociedad Cooperativa Mallorca \| WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	30.00%	'	'
Equity investments in real estate	8,990	'	9,639
Dicks Sporting Goods Inc. \| WPC	'	'	'
Ownership interest in equity investments:	'	'	'
Ownership interest, percentage	45.00%	'	'
Equity investments in real estate	$5,309	'	$4,646

Intangible_Assets_and_Liabilit2

Intangible Assets and Liabilities (Narratives) (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Intangible Assets Liabilities	'	'	'	'
Net amortization of intangibles	$9.40	$8.90	$28.50	$26.30
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 $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
Acquired Intangible Assets Liabilities	'
Intangible Assets Acquired	$10,369
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	'5 years 7 months 6 days
Amortizable Intangible Assets	9,914
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 $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Amortizable intangible assets	'	'
Finite-lived intangible assets, gross	$649,888	$655,056
Less: accumulated amortization	-126,691	-96,818
Finite-lived intangible assets, net	523,197	558,238
Unamortizable Intangible Assets	'	'
Goodwill	318	4,062
Total intangible assets, gross	650,206	659,118
Total intangible assets, net	523,515	562,300
Amortizable intangible liabilities	'	'
Finite-lived intangible liabilities, gross	-112,964	-110,763
Less: accumulated amortization	12,016	8,166
Finite-lived intangible liabilities, net	-100,948	-102,597
Below-market rent	'	'
Amortizable intangible liabilities	'	'
Finite-lived intangible liabilities, gross	-111,819	-110,606
Less: accumulated amortization	12,002	8,163
Finite-lived intangible liabilities, net	-99,817	-102,443
Above-market ground lease	'	'
Amortizable intangible liabilities	'	'
Finite-lived intangible liabilities, gross	-1,145	-157
Less: accumulated amortization	14	3
Finite-lived intangible liabilities, net	-1,131	-154
In-place lease	'	'
Amortizable intangible assets	'	'
Finite-lived intangible assets, gross	536,028	537,271
Less: accumulated amortization	-106,386	-80,027
Finite-lived intangible assets, net	429,642	457,244
Above-market rent	'	'
Amortizable intangible assets	'	'
Finite-lived intangible assets, gross	93,654	97,109
Less: accumulated amortization	-15,649	-12,413
Finite-lived intangible assets, net	78,005	84,696
Tenant relationship	'	'
Amortizable intangible assets	'	'
Finite-lived intangible assets, gross	13,082	13,552
Less: accumulated amortization	-4,487	-4,299
Finite-lived intangible assets, net	8,595	9,253
Below-market ground lease	'	'
Amortizable intangible assets	'	'
Finite-lived intangible assets, gross	7,124	7,124
Less: accumulated amortization	-169	-79
Finite-lived intangible assets, net	$6,955	$7,045

Intangible_Assets_and_Liabilit5

Intangible Assets and Liabilities (Details 3) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
Net (Increase) Decrease in Rental Income	'
2014 (remaining)	($104)
2015	-400
2016	-108
2017	115
2018	140
Thereafter	-21,455
Total	-21,812
Increase to Amortization/Property Expense	'
2014 (remaining)	9,406
2015	36,278
2016	31,626
2017	28,967
2018	28,858
Thereafter	308,926
Total	444,061
Net	'
2014 (remainder)	9,302
2015	35,878
2016	31,518
2017	29,082
2018	28,998
Thereafter	287,471
Finite lived intangible assets liabilities, net	$422,249

Fair_Value_Measurements_Narrat

Fair Value Measurements (Narratives) (Details) (Deferred acquisition fees payable)	9 Months Ended
	Sep. 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 $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Carrying Value	'	'
Fair Value, Balance Sheet Grouping	'	'
Non-recourse debt	$1,918,805	$1,915,601
Note receivable	40,000	40,000
Other securities	10,096	9,915
Deferred acquisition fees payable	8,524	15,033
CMBS	3,257	2,791
Fair Value	'	'
Fair Value, Balance Sheet Grouping	'	'
Non-recourse debt	1,966,503	1,944,865
Note receivable	42,450	43,890
Other securities	10,096	15,548
Deferred acquisition fees payable	9,556	15,950
CMBS	$8,715	$6,052

Risk_Management_and_Use_of_Der2

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

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Nov. 30, 2012

Interest rate swap

Foreign currency forward

Metro Cash & Italia S.p.A

New York Times Company

Agrokor d.d.

KBR, Inc

General Parts Inc.

Golden State Supply LLC

Straus-Frank Enterprises LLC

General Parts Distribution LLC

Worldpac Inc.

Not designated

Interest expense

Other income and expense

Lease revenue

Accounts payable, accrued expenses and other liabilities

Embedded derivatives

Derivatives, Fair Value [Line Items]

Foreign currency exchange rate

1.278

Derivative Instrument Detail

Estimated amount reclassified from OCI to income, derivatives

$7,800,000

$2,300,000

Collateral received

Total credit exposure on derivatives

12,700,000

Total credit exposure on derivatives to a single counterparty

5,100,000

Derivatives, net liability position

16,300,000

25,100,000

Aggregate termination value for immediate settlement

$17,100,000

$27,100,000

Concentration risk, percentage

10.00%

9.00%

8.00%

7.00%

6.00%

Risk_Management_and_Use_of_Der3

Risk Management and Use of Derivative Financial Instruments (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	$20,184	$11,148
Derivative liability, fair value, net	-14,498	-27,003
Foreign currency forward \| Designated as hedging \| Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	10,268	2,002
Foreign currency forward \| Designated as hedging \| Accounts payable, accrued expenses and other liabilities	'	'
Derivatives, Fair Value	'	'
Derivative liability, fair value, net	-77	-11,928
Foreign currency forward \| Not designated \| Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	4,510	1,521
Foreign currency forward \| Not designated \| Accounts payable, accrued expenses and other liabilities	'	'
Derivatives, Fair Value	'	'
Derivative liability, fair value, net	-471	0
Foreign currency collars \| Designated as hedging \| Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	0	429
Interest rate swap \| Designated as hedging \| Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	605	1,895
Interest rate swap \| Designated as hedging \| Accounts payable, accrued expenses and other liabilities	'	'
Derivatives, Fair Value	'	'
Derivative liability, fair value, net	-13,950	-12,911
Embedded derivatives \| Not designated \| Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	2,260	2,314
Embedded derivatives \| Not designated \| Accounts payable, accrued expenses and other liabilities	'	'
Derivatives, Fair Value	'	'
Derivative liability, fair value, net	0	-2,164
Stock warrants \| Not designated \| Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	1,848	1,782
Swaption \| Not designated \| Other assets	'	'
Derivatives, Fair Value	'	'
Derivative assets, fair value, net	$693	$1,205

Risk_Management_and_Use_of_Der4

Risk Management and Use of Derivative Financial Instruments (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Amount of Gain (Loss) Recognized in Other Comprehensive Loss on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	$23,036	($10,222)	$19,013	$3,190
Interest rate cap \| Cash Flow Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Loss on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	227	315	913	879
Interest rate swap \| Cash Flow Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Loss on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	500	-744	-3,920	7,712
Foreign currency collars \| Cash Flow Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Loss on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	-91	-1,410	-290	-1,471
Foreign currency forward \| Cash Flow Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Loss on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	18,208	-7,449	17,799	-4,012
Foreign currency forward \| Net Investment Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Loss on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	4,192	-934	4,511	82
Noncontrolling interest \| Interest rate cap \| Cash Flow Hedging	'	'	'	'
Amount of Gain (Loss) Recognized in Other Comprehensive Loss on Derivatives (Effective Portion)	'	'	'	'
Derivatives, gain (loss) recognized in OCI, effective portion, net	$100	$100	$400	$400

Risk_Management_and_Use_of_Der5

Risk Management and Use of Derivative Financial Instruments (Details 3) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Amount of Gain (Loss) Reclassified from Other Comprehensive Loss into Income (Effective Portion)	'	'	'	'
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	($954)	($1,370)	($4,996)	($3,529)
Interest rate cap \| Interest expense	'	'	'	'
Amount of Gain (Loss) Reclassified from Other Comprehensive Loss into Income (Effective Portion)	'	'	'	'
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	-226	-316	-913	-881
Interest rate swap \| Interest expense	'	'	'	'
Amount of Gain (Loss) Reclassified from Other Comprehensive Loss into Income (Effective Portion)	'	'	'	'
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	-1,811	-1,595	-5,259	-4,501
Foreign currency collars \| Other income and expense	'	'	'	'
Amount of Gain (Loss) Reclassified from Other Comprehensive Loss into Income (Effective Portion)	'	'	'	'
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	557	188	751	1,129
Foreign currency forward \| Other income and expense	'	'	'	'
Amount of Gain (Loss) Reclassified from Other Comprehensive Loss into Income (Effective Portion)	'	'	'	'
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	$526	$353	$425	$724

Risk_Management_and_Use_of_Der6

Risk Management and Use of Derivative Financial Instruments (Details 4) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Amount of Gain (Loss) Recognized in Income on Derivatives	'	'	'	'
Amount of gain (loss) recognized income on derivatives	$1,310	($960)	$1,103	$904
Embedded derivatives \| Not designated \| Other income and expense	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivatives	'	'	'	'
Amount of gain (loss) recognized income on derivatives	725	-1,093	1,006	-540
Foreign currency forward \| Not designated \| Other income and expense	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivatives	'	'	'	'
Amount of gain (loss) recognized income on derivatives	445	59	327	822
Stock warrants \| Not designated \| Other income and expense	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivatives	'	'	'	'
Amount of gain (loss) recognized income on derivatives	132	66	66	231
Swaption \| Not designated \| Other income and expense	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivatives	'	'	'	'
Amount of gain (loss) recognized income on derivatives	-83	58	-512	237
Interest rate swap \| Designated as hedging \| Interest expense	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivatives	'	'	'	'
Amount of gain (loss) recognized income on derivatives	$91	($50)	$216	$154

Risk_Management_and_Use_of_Der7

Risk Management and Use of Derivative Financial Instruments (Details 5)	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified	USD ($)	Designated as hedging	Designated as hedging	Designated as hedging	Not designated
		Interest rate swap	Interest rate swap	Interest rate swap	Swaption
		USD ($)	Euro	Euro	USD ($)
		instrument	USD ($)	EUR (€)	instrument
			instrument
Derivative	'	'	'	'	'
Derivative number of instruments	'	13	6	6	1
Derivative notional amount	'	$234,621	'	€ 185,947	$13,230
Fair value	($12,652)	($4,799)	($8,546)	'	$693

Risk_Management_and_Use_of_Der8

Risk Management and Use of Derivative Financial Instruments (Details 6)	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified	USD ($)	Cash Flow Hedging	Cash Flow Hedging
		Interest rate swap	Interest rate swap
		USD ($)	EUR (€)
		instrument
Derivative Instrument Detail	'	'	'
Ownership interest, percentage	'	85.00%	85.00%
Derivative number of instruments	'	1	1
Derivative notional amount	'	'	€ 11,851
Derivative fair value	($12,652)	($605)	'

Risk_Management_and_Use_of_Der9

Risk Management and Use of Derivative Financial Instruments (Details 7)	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified	USD ($)	Designated as hedging	Designated as hedging	Designated as hedging	Designated as hedging	Not designated	Not designated	Not designated	Not designated
		Foreign currency contract	Foreign currency contract	Foreign currency contract	Foreign currency contract	Foreign currency contract	Foreign currency contract	Foreign currency contract	Foreign currency contract
		Euro	Euro	Yen	Yen	Euro	Euro	Yen	Yen
		USD ($)	EUR (€)	USD ($)	JPY (¥)	USD ($)	EUR (€)	USD ($)	JPY (¥)
		instrument		instrument		instrument		instrument
Derivative Instrument Detail	'	'	'	'	'	'	'	'	'
Derivative number of instruments	'	101	101	13	13	2	2	1	1
Derivative notional amount	'	'	€ 202,155	'	¥ 604,232	'	€ 90,000	'	¥ 610,129
Fair value, foreign currency derivatives	$14,230	$8,301	'	$1,890	'	$2,215	'	$1,824	'

Recovered_Sheet1

Risk Management and Use of Derivative Financial Instruments (Details 8) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Segment Reporting Information, Profit (Loss)	'	'	'	'	'
Revenues	$97,987	$91,619	$297,923	$267,337	'
Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	27,024	12,002	90,649	55,927	'
Net income attributable to noncontrolling interests	-9,193	-6,515	-24,510	-21,734	'
Net income attributable to CPA:17 - Global	15,180	5,026	60,127	32,653	'
Assets and Liabilities	'	'	'	'	'
Long-lived assets	3,563,749	'	3,563,749	'	3,562,095
Non-recourse debt	1,918,805	'	1,918,805	'	1,915,601
Domestic	'	'	'	'	'
Segment Reporting Information, Profit (Loss)	'	'	'	'	'
Revenues	68,871	64,343	208,850	190,195	'
Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	16,786	8,667	59,628	32,389	'
Net income attributable to noncontrolling interests	-9,042	-6,401	-24,009	-21,219	'
Net income attributable to CPA:17 - Global	6,353	3,888	32,940	11,277	'
Assets and Liabilities	'	'	'	'	'
Long-lived assets	2,409,063	'	2,409,063	'	2,195,465
Non-recourse debt	1,353,774	'	1,353,774	'	1,319,094
Italy	'	'	'	'	'
Segment Reporting Information, Profit (Loss)	'	'	'	'	'
Revenues	7,750	7,660	23,700	22,935	'
Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	1,813	1,665	5,698	5,524	'
Net income attributable to noncontrolling interests	0	0	0	0	'
Net income attributable to CPA:17 - Global	1,732	1,666	5,555	5,524	'
Assets and Liabilities	'	'	'	'	'
Long-lived assets	311,787	'	311,787	'	343,876
Non-recourse debt	205,339	'	205,339	'	223,937
Other International	'	'	'	'	'
Segment Reporting Information, Profit (Loss)	'	'	'	'	'
Revenues	21,366	19,616	65,373	54,207	'
Income from continuing operations before income taxes and after gain on sale of real estate, net of tax	8,425	1,670	25,323	18,014	'
Net income attributable to noncontrolling interests	-151	-114	-501	-515	'
Net income attributable to CPA:17 - Global	7,095	-528	21,632	15,852	'
Assets and Liabilities	'	'	'	'	'
Long-lived assets	842,899	'	842,899	'	1,022,754
Non-recourse debt	$359,692	'	$359,692	'	$372,570

NonRecourse_Debt_Narratives_De

Non-Recourse Debt (Narratives) (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Feb. 07, 2014

Sep. 30, 2014

Current Year Investments

Prior Year Investments

Non-recourse debt

Debt Refinanced

Minimum

Maximum

Real estate

Fixed interest rate

Variable interest rate

Office Building in Tucson, AZ

Additional Debt Disclosures

Mortgage notes payable, collateral

$2,900,000,000

Mortgage loan real estate, minimum interest rate

2.00%

2.70%

Mortgage loan real estate, maximum interest rate

8.00%

6.10%

Debt maturity date

31-Dec-14

31-Dec-39

Non-recourse mortgage loans

57,000,000

3,700,000

53,300,000

24,900,000

Debt, weighted average interest rate

3.50%

7.00%

Debt instrument terms (years)

'7 years

'14 years

Repayment of debt related to refinancing

22,100,000

Assumed non-recourse debt

10,300,000

Unamortized (premium), net

3,418,000

-1,300,000

Loss on extinguishment of debt

538,000

300,000

Effects of foreign currency translation on balance sheet item

($61,105,000)

$32,477,000

($68,537,000)

$15,614,000

$29,884,000

($45,100,000)

($75,000,000)

NonRecourse_Debt_Details_1

Non-Recourse Debt (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Long-term Debt, Fiscal Year Maturity	'	'
2014 (remainder)	$8,805	'
2015	69,779	'
2016	282,058	'
2017	354,270	'
2018	155,422	'
Thereafter through 2039	1,051,889	'
Long-term debt	1,922,223	'
Unamortized discount, net	-3,418	'
Total	$1,918,805	$1,915,601

Equity_Narratives_Details

Equity (Narratives) (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'	'	'	'	'
Distributions declared per share	$0.16	$0.16	$0.49	$0.49	$0.65
Dividend payable, date	15-Oct-14	'	'	'	'
Distributions payable	$52,959	'	$52,959	'	$51,570

Equity_Details_1

Equity (Details 1) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Beginning balance	($16,895)	($38,789)	($5,275)	($35,366)
Other comprehensive income (loss) before reclassifications	-38,946	20,909	-54,396	15,346
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	954	1,370	4,996	3,529
Net current-period Other comprehensive income (loss)	-37,992	22,279	-49,400	18,875
Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	803	-550	591	-569
Ending balance	-54,084	-17,060	-54,084	-17,060
Interest Expense	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2,037	1,911	6,172	5,382
Other income and (expense)	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	-1,083	-541	-1,176	-1,853
Gains and Losses on Derivative Instruments	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Beginning balance	-29,911	-12,730	-25,579	-25,888
Other comprehensive income (loss) before reclassifications	22,082	-11,592	14,017	-339
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	954	1,370	4,996	3,529
Net current-period Other comprehensive income (loss)	23,036	-10,222	19,013	3,190
Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	-102	-142	-411	-396
Ending balance	-6,977	-23,094	-6,977	-23,094
Gains and Losses on Derivative Instruments \| Interest Expense	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2,037	1,911	6,172	5,382
Gains and 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	-1,083	-541	-1,176	-1,853
Gains and Losses on Marketable Securities	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'	'
Beginning balance	-344	-423	-391	-470
Other comprehensive income (loss) before reclassifications	77	24	124	71
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Net current-period Other comprehensive income (loss)	77	24	124	71
Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	0	0	0	0
Ending balance	-267	-399	-267	-399
Gains and Losses 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
Gains and Losses 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	13,360	-25,636	20,695	-9,008
Other comprehensive income (loss) before reclassifications	-61,105	32,477	-68,537	15,614
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Net current-period Other comprehensive income (loss)	-61,105	32,477	-68,537	15,614
Net current-period Other comprehensive (income) loss attributable to noncontrolling interests	905	-408	1,002	-173
Ending balance	-46,840	6,433	-46,840	6,433
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		9 Months Ended		0 Months Ended		0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Oct. 08, 2014	Oct. 08, 2014	Apr. 24, 2014
					Hotel	Hotel	I-Shops LLC
					Subsequent Event	Subsequent Event
						property
Discontinued Operations	'	'	'	'	'	'	'
Gain on sale of real estate, net of tax	$790,000	$78,000	$13,338,000	$659,000	'	'	$12,500,000
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		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Disposal Group, Including Discontinued Operation, Income Statement Disclosures	'	'	'	'
Revenues	$0	$1,325	$0	$3,702
Expenses	0	-1,076	0	-2,962
Income from discontinued operations, net of tax	$0	$249	$0	$740