Corporate Property Associates 17 - Global 10-Q 6 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 02, 2015
Document Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Central Index Key	1,390,213
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		337,773,692

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Investments in real estate
Real estate, at cost (inclusive of $139,507 and $144,753, respectively, attributable to variable interest entities, or VIEs)	$ 2,593,089	$ 2,396,715
Operating real estate, at cost	274,223	272,859
Accumulated depreciation (inclusive of $12,317 and $9,984, respectively, attributable to VIEs)	(241,259)	(197,695)
Net investments in properties	2,626,053	2,471,879
Real estate under construction	2,273	110,983
Net investments in direct financing leases (inclusive of $246,967 and $245,815, respectively, attributable to VIEs)	496,348	479,425
Net investments in real estate	3,124,674	3,062,287
Equity investments in real estate	526,132	531,000
Cash and cash equivalents (inclusive of $105 and $27, respectively, attributable to VIEs)	94,803	275,719
In-place lease and tenant relationship intangible assets, net (inclusive of $15,672 and $16,348, respectively, attributable to VIEs)	438,403	432,444
Other intangible assets, net	77,164	83,238
Other assets, net (inclusive of $16,126 and $16,536, respectively, attributable to VIEs)	279,150	221,209
Total assets	4,540,326	4,605,897
Liabilities:
Non-recourse debt, net (inclusive of $188,563 and $193,437, respectively, attributable to VIEs)	1,850,842	1,896,489
Senior Credit Facility	53,706	0
Accounts payable, accrued expenses and other liabilities (inclusive of $6,968 and $10,109, respectively, attributable to VIEs)	134,798	141,043
Deferred income taxes (inclusive of $0 and $60, respectively, attributable to VIEs)	13,572	12,234
Below-market rent and other intangible liabilities, net (inclusive of $349 and $365, respectively, attributable to VIEs)	100,806	104,722
Due to affiliates	10,350	12,634
Distributions payable	54,434	53,378
Total liabilities	$ 2,218,508	$ 2,220,500
Commitments and contingencies (Note 12)
CPA®:17 – Global stockholders’ 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; 346,427,763 and 336,843,388 shares issued, respectively; and 334,976,075 and 328,480,839 shares outstanding, respectively	346	337
Additional paid-in-capital	3,123,031	3,033,283
Distributions in excess of accumulated earnings	(667,272)	(567,806)
Accumulated other comprehensive loss	(125,680)	(81,007)
Less: treasury stock at cost, 11,451,688 and 8,362,549 shares, respectively	(106,156)	(77,852)
Total CPA:17 - Global stockholders' equity	2,224,269	2,306,955
Noncontrolling interests	97,549	78,442
Total equity	2,321,818	2,385,397
Total liabilities and equity	$ 4,540,326	$ 4,605,897

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Real estate, at cost attributable to VIEs	$ 2,593,089	$ 2,396,715
Accumulated depreciation attributable to VIEs	241,259	197,695
Net investments in direct financing leases	496,348	479,425
Cash and cash equivalents attributable to VIEs	94,803	275,719
In-place lease intangible assets, net attributable to VIEs	438,403	432,444
Other assets, net attributable to VIEs	279,150	221,209
Liabilities:
Non-recourse debt	1,850,842	1,896,489
Accounts payable, attributable to VIEs	134,798	141,043
Deferred income taxes, attributable to VIEs	13,572	12,234
Below-market rent and other intangible liabilities, attributable to VIEs	$ 100,806	$ 104,722
CPA®:17 – Global stockholders’ equity:
Preferred stock, par or stated value per share	$ 0.001	$ 0.001
Preferred stock shares authorized	50,000,000	50,000,000
Preferred Stock Shares Issued	0	0
Common stock, par or stated value per share	$ 0.001	$ 0.001
Common stock shares authorized	900,000,000	900,000,000
Common stock shares issued	346,427,763	336,843,388
Common stock shares outstanding	334,976,075	328,480,839
Treasury stock shares	11,451,688	8,362,549
Variable Interest Entity Primary Beneficiary Member
Assets
Real estate, at cost attributable to VIEs	$ 139,507	$ 144,753
Accumulated depreciation attributable to VIEs	12,317	9,984
Net investments in direct financing leases	246,967	245,815
Cash and cash equivalents attributable to VIEs	105	27
In-place lease intangible assets, net attributable to VIEs	15,672	16,348
Other assets, net attributable to VIEs	16,126	16,536
Liabilities:
Non-recourse debt	188,563	193,437
Accounts payable, attributable to VIEs	6,968	10,109
Deferred income taxes, attributable to VIEs	0	60
Below-market rent and other intangible liabilities, attributable to VIEs	$ 349	$ 365

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Lease revenues:
Rental income	$ 69,075	$ 63,998	$ 198,473	$ 191,072
Interest income from direct financing leases	14,386	13,674	41,470	40,889
Total lease revenues	83,461	77,672	239,943	231,961
Other real estate income	12,686	11,516	36,755	41,423
Other operating income	7,839	7,389	29,404	20,305
Other interest income	4,216	1,410	10,518	4,234
Gross Revenues	108,202	97,987	316,620	297,923
Operating Expenses
Depreciation and amortization	26,844	25,340	78,675	76,796
Property expenses	17,704	15,940	54,042	48,083
General and administrative	4,897	6,544	13,690	17,853
Other real estate expenses	4,808	4,362	14,083	19,942
Acquisition expenses	0	0	643	1,401
Impairment charges	0	127	1,023	127
Operating Expenses, Total	54,253	52,313	162,156	164,202
Other Income and Expenses
Equity in (losses) earnings of equity method investments in real estate	(1,078)	2,052	6,625	9,230
Other income and (expenses)	2,108	(2,687)	2,917	(1,835)
Interest expense	(24,104)	(23,695)	(69,346)	(70,288)
Nonoperating income expense	(23,074)	(24,330)	(59,804)	(62,893)
Income before income taxes and gain on sale of real estate	30,875	21,344	94,660	70,828
Provision for income taxes	(1,676)	(2,651)	(4,441)	(5,960)
Income before gain on sale of real estate	29,199	18,693	90,219	64,868
Gain on sale of real estate, net of tax	0	790	2,197	13,338
Net Income	29,199	19,483	92,416	78,206
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $5,837, $6,111, $17,690, and $15,380, respectively)	(9,147)	(9,193)	(29,345)	(24,510)
Net income attributable to CPA:17 - Global	$ 20,052	$ 10,290	$ 63,071	$ 53,696
Earnings Per Share, Basic and Diluted	$ 0.06	$ 0.03	$ 0.19	$ 0.17
Weighted Average Number of Shares Outstanding, Basic and Diluted	335,668,313	325,550,047	333,523,528	322,692,768
Distributions Declared Per Share	$ 0.1625	$ 0.1625	$ 0.4875	$ 0.4875

Consolidated Statements of Inc5

Consolidated Statements of Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Available Cash Distributions	$ 5,837	$ 6,111	$ 17,690	$ 15,380

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net Income	$ 29,199	$ 19,483	$ 92,416	$ 78,206
Other Comprehensive Loss
Foreign currency translation adjustments	(1,100)	(52,023)	(60,990)	(58,093)
Change in net unrealized (loss) gain on derivative instruments	(3,142)	18,844	15,665	14,503
Change in unrealized gain on marketable securities	7	77	21	124
Total other comprehensive loss	(4,235)	(33,102)	(45,304)	(43,466)
Comprehensive Income (Loss)	24,964	(13,619)	47,112	34,740
Amounts Attributable to Noncontrolling Interests
Net income	(9,147)	(9,193)	(29,345)	(24,510)
Foreign currency translation adjustments	(103)	905	631	1,002
Change in net unrealized gain on derivative instruments	0	(102)	0	(411)
Comprehensive income attributable to noncontrolling interests	(9,250)	(8,390)	(28,714)	(23,919)
Comprehensive Income (Loss) Attributable to CPA:17 - Global	$ 15,714	$ (22,009)	$ 18,398	$ 10,821

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	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, 2013	$ 2,485,724	$ 323	$ 2,904,927	$ (431,095)	$ (13,442)	$ (52,477)	$ 2,408,236	$ 77,488
Beginning equity balance, shares at Dec. 31, 2013		317,353,899
Shares issued, net of offering costs, value	76,025	$ 8	76,017				76,025
Shares issued, net of offering costs, shares		8,293,992
Shares issued to affiliates, value	19,717	$ 2	19,715				19,717
Shares issued to affiliates, shares		2,054,771
Contributions from noncontrolling interest	0
Distributions declared	(157,485)			(157,485)			(157,485)
Distributions to noncontrolling interests	(23,245)							(23,245)
Net income	78,206			53,696			53,696	24,510
Other comprehensive loss:
Foreign currency translation adjustments	(58,093)				(57,091)		(57,091)	(1,002)
Change in net unrealized gain on derivative instruments	14,503				14,092		14,092	411
Change in unrealized gain on marketable securities	124				124		124
Repurchase of shares, value	(16,335)					(16,335)	(16,335)
Repurchase of shares, shares		(1,798,674)
Ending equity balance, value at Sep. 30, 2014	2,419,141	$ 333	3,000,659	(534,884)	(56,317)	(68,812)	2,340,979	78,162
Ending equity balance, shares at Sep. 30, 2014		325,903,988
Beginning equity balance, value at Dec. 31, 2014	$ 2,385,397	$ 337	3,033,283	(567,806)	(81,007)	(77,852)	2,306,955	78,442
Beginning equity balance, shares at Dec. 31, 2014	328,480,839	328,480,839
Shares issued, net of offering costs, value	$ 77,680	$ 8	77,672				77,680
Shares issued, net of offering costs, shares		8,336,464
Shares issued to directors, value	100	$ 0	100				100
Shares issued to directors, shares		10,288
Shares issued to affiliates, value	11,977	$ 1	11,976				11,977
Shares issued to affiliates, shares		1,237,623
Contributions from noncontrolling interest	15,928							15,928
Distributions declared	(162,537)			(162,537)			(162,537)
Distributions to noncontrolling interests	(25,535)							(25,535)
Net income	92,416			63,071			63,071	29,345
Other comprehensive loss:
Foreign currency translation adjustments	(60,990)				(60,359)		(60,359)	(631)
Change in net unrealized gain on derivative instruments	15,665				15,665		15,665	0
Change in unrealized gain on marketable securities	21				21		21
Repurchase of shares, value	(28,304)					(28,304)	(28,304)
Repurchase of shares, shares		(3,089,139)
Ending equity balance, value at Sep. 30, 2015	$ 2,321,818	$ 346	$ 3,123,031	$ (667,272)	$ (125,680)	$ (106,156)	$ 2,224,269	$ 97,549
Ending equity balance, shares at Sep. 30, 2015	334,976,075	334,976,075

Consolidated Statements of Equ8

Consolidated Statements of Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stock Transactions, Parenthetical Disclosures [Abstract]
Distributions Declared Per Share	$ 0.1625	$ 0.1625	$ 0.4875	$ 0.4875

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flow - Operating Activities
Net Cash Provided by Operating Activities	$ 185,087	$ 152,785
Cash Flows - Investing Activities
Acquisitions of real estate and direct financing leases, and capital expenditures on owned real estate	(197,075)	(32,210)
Funding of loans receivable	(42,600)	0
Capital contributions to equity investments in real estate	(33,951)	(157,050)
Funding for build-to-suit projects	(21,440)	(61,638)
Value added taxes paid in connection with acquisition of real estate	(21,229)	(4,996)
Return of capital from equity investments in real estate	20,434	75,060
Value added taxes refunded in connection with acquisition of real estate	15,049	1,498
Payment of deferred acquisition fees to an affiliate	(5,894)	(5,467)
Changes in investing restricted cash	5,016	(16,082)
Proceeds from repayment of loans receivable	1,928	0
Deposits for investments	(1,000)	0
Proceeds from sale of real estate	0	68,789
Investment in securities	0	(8,225)
Net Cash Used in Investing Activities	(280,762)	(140,321)
Cash Flows - Financing Activities
Distributions paid	(161,481)	(156,096)
Scheduled payments and prepayments of mortgage principal	(114,867)	(44,630)
Proceeds from Senior Credit Facility	108,451	0
Proceeds from mortgage financing	108,181	81,902
Proceeds from issuance of shares, net of issuance costs	77,681	76,025
Repayments of Senior Credit Facility	(55,000)	0
Purchase of treasury stock	(28,303)	(16,335)
Distributions to noncontrolling interests	(25,535)	(23,245)
Proceeds from notes payable to affiliate	25,000	0
Repayment of notes payable to affiliate	(25,000)	0
Contributions from noncontrolling interest	15,928	0
Payment of financing costs and mortgage deposits, net of deposits refunded	(2,713)	(750)
Changes in financing restricted cash	(1,098)	(3,563)
Net Cash Used in Financing Activities	(78,756)	(86,692)
Change in Cash and Cash Equivalents During the Period
Effect of exchange rate changes on cash	(6,485)	(7,934)
Net decrease in cash and cash equivalents	(180,916)	(82,162)
Cash and cash equivalents, beginning of period	275,719	418,108
Cash and cash equivalents, end of period	$ 94,803	$ 335,946

Organization

Organization	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Offering	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 real estate properties leased to companies both domestically and internationally. We were formed in 2007 and are managed by W. P. Carey Inc., or WPC, through one of its subsidiaries, or collectively our advisor. As a REIT, we are not subject to U.S. federal income taxation as long as we satisfy certain requirements, principally relating to the nature of our income and the level of our distributions, among other factors. We earn revenue primarily by leasing the properties we own to single corporate tenants, predominantly 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 due to 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, 2015 , 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, 2015 , our portfolio was comprised of full or partial ownership interests in 375 fully-occupied properties, substantially all of which were triple-net leased to 113 tenants, and totaled approximately 40 million square feet. In addition, our portfolio was comprised of full or partial ownership interests in 72 operating properties, including 71 self-storage properties and one hotel property, for an aggregate of approximately 5 million square feet. As opportunities arise, we may also make other types of commercial real estate-related investments.

Revisions of Previously-Issued

Revisions of Previously-Issued Financial Statements	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Revisions of Previously-Issued Financial Statements	Revisions of Previously-Issued Financial Statements In the course of preparing our 2014 consolidated financial statements, we discovered an error related to our accounting for a subsidiary’s functional currency. We corrected this error, and other errors previously recorded as out-of-period adjustments, and revised our consolidated financial statements for all prior periods impacted. Accordingly, our financial results for the three and nine months ended September 30, 2014 and total equity at January 1, 2014 presented herein have been revised for the correction of such errors as follows (in thousands, except share and per share amounts): Consolidated Statements of Income Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 As Reported Revisions As Revised As Reported Revisions As Revised Revenues Total revenues $ 97,987 $ — $ 97,987 $ 297,923 $ — $ 297,923 Operating Expenses Total operating expenses 52,313 — 52,313 164,202 — 164,202 Other Income and Expenses Equity in earnings of equity method investments in real estate 2,052 — 2,052 9,777 (547 ) 9,230 Other income and (expenses) 2,203 (4,890 ) (2,687 ) 4,101 (5,936 ) (1,835 ) Interest expense (23,695 ) — (23,695 ) (70,288 ) — (70,288 ) (19,440 ) (4,890 ) (24,330 ) (56,410 ) (6,483 ) (62,893 ) Income before income taxes and gain on sale of real estate 26,234 (4,890 ) 21,344 77,311 (6,483 ) 70,828 Provision for income taxes (2,651 ) — (2,651 ) (6,012 ) 52 (5,960 ) Income before gain on sale of real estate 23,583 (4,890 ) 18,693 71,299 (6,431 ) 64,868 Gain on sale of real estate, net of tax 790 — 790 13,338 — 13,338 Net Income 24,373 (4,890 ) 19,483 84,637 (6,431 ) 78,206 Net income attributable to noncontrolling interests (9,193 ) — (9,193 ) (24,510 ) — (24,510 ) Net Income Attributable to CPA ® :17 – Global $ 15,180 $ (4,890 ) $ 10,290 $ 60,127 $ (6,431 ) $ 53,696 Basic and Diluted Earnings Per Share $ 0.05 $ (0.02 ) $ 0.03 $ 0.19 $ (0.02 ) $ 0.17 Basic and Diluted Weighted-Average Shares Outstanding 325,550,047 325,550,047 322,692,768 322,692,768 Consolidated Statements of Comprehensive Income Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 As Reported Revisions As Revised As Reported Revisions As Revised Net Income $ 24,373 $ (4,890 ) $ 19,483 $ 84,637 $ (6,431 ) $ 78,206 Other Comprehensive Loss Foreign currency translation adjustments (61,105 ) 9,082 (52,023 ) (68,537 ) 10,444 (58,093 ) Change in net unrealized gain on derivative instruments 23,036 (4,192 ) 18,844 19,013 (4,510 ) 14,503 Change in unrealized gain on marketable securities 77 — 77 124 — 124 (37,992 ) 4,890 (33,102 ) (49,400 ) 5,934 (43,466 ) Comprehensive (Loss) Income (13,619 ) — (13,619 ) 35,237 (497 ) 34,740 Amounts Attributable to Noncontrolling Interests Net income (9,193 ) — (9,193 ) (24,510 ) — (24,510 ) Foreign currency translation adjustments 905 — 905 1,002 — 1,002 Change in net unrealized gain on derivative instruments (102 ) — (102 ) (411 ) — (411 ) Comprehensive income attributable to noncontrolling interests (8,390 ) — (8,390 ) (23,919 ) — (23,919 ) Comprehensive (Loss) Income Attributable to CPA ® :17 – Global $ (22,009 ) $ — $ (22,009 ) $ 11,318 $ (497 ) $ 10,821 Consolidated Statement of Equity CPA ® :17 – Global Balance at January 1, 2014 Total Outstanding Shares Common Stock Additional Paid-In Capital Distributions in Excess of Accumulated Earnings (a) Accumulated Other Comprehensive Loss Treasury Stock Total CPA ® :17 – Global Stockholders Noncontrolling Interests Total As Reported 317,353,899 $ 323 $ 2,904,927 $ (439,688 ) $ (5,275 ) $ (52,477 ) $ 2,407,810 $ 77,488 $ 2,485,298 Revisions — — — 8,593 (8,167 ) — 426 — 426 As Revised 317,353,899 $ 323 $ 2,904,927 $ (431,095 ) $ (13,442 ) $ (52,477 ) $ 2,408,236 $ 77,488 $ 2,485,724 __________ (a) The amount previously reported also reflects changes to prior period amounts related to the change in accounting for our investment in BG LLH, LLC, as more fully described in Note 3 . Description of the Errors and Revisions In the fourth quarter of 2014, we identified an error in the consolidated financial statements related to the accounting for foreign currency matters. We identified that one of our consolidated subsidiary’s functional currency had been incorrectly designated as the euro instead of the U.S. dollar since the subsidiary was formed in 2009. As a result, the applicable financial results of this entity were being translated when they should have been remeasured. The correction of this error resulted in the recognition of foreign currency gains within the consolidated statements of income, specifically within Other income and (expenses), instead of as foreign currency translation adjustments within the consolidated statements of comprehensive income. We concluded that these revision adjustments were not material to our financial position or results of operations for 2014 or any of the prior periods and revised the prior period presented herein to reflect the correction of this error. These revision adjustments resulted in a decrease in Other income and (expenses) of $4.9 million and $5.9 million for the three and nine months ended September 30, 2014 , respectively. The impact of these revision adjustments on both Distributions in excess of accumulated earnings and Accumulated other comprehensive loss was $8.1 million at January 1, 2014. In connection with the error identified above, we also made adjustments to reflect the correction of other out-of-period adjustments identified during 2014, 2013, 2012, and 2011 to record these adjustments in the applicable prior periods. We concluded that none of the following revision adjustments were material to our financial position or results of operations for any of the periods presented: • In 2014, we identified a classification error on one of our derivative instruments. Accordingly, we reclassified its associated mark-to-market adjustments during 2014, 2013, and 2012 from Change in net unrealized gain (loss) on derivative instruments to Foreign currency translation adjustments within the consolidated statements of equity and comprehensive income. There was no net impact to Other comprehensive loss or Comprehensive income for the three and nine months ended September 30, 2014 . There was no net impact on Total equity at January 1, 2014 related to this reclassification. • In the first quarter of 2014, we changed the accounting related to deferred foreign income taxes for one of our equity investments in real estate and we identified an additional tax-paying entity related to another of our equity investments in real estate. In the fourth quarter of 2013, we identified an error in the consolidated financial statements related to accounting for deferred foreign income taxes in connection with the acquisition of 15 properties acquired during 2008 through 2012. These revision adjustments resulted in a decrease in Equity in earnings of equity method investments in real estate of $0.5 million and a decrease in Provision for income taxes of less than $0.1 million for the nine months ended September 30, 2014 . The impact of these revision adjustments on Distributions in excess of accumulated earnings and Accumulated other comprehensive loss was $0.5 million and less than $0.1 million , respectively, at January 1, 2014. Statement of Cash Flows These revisions resulted in a decrease of Net cash provided by operating activities of $0.5 million and a corresponding decrease of Net cash used in investing activities of $0.5 million in the statement of cash flows for the nine months ended September 30, 2014 . These revisions had no impact on Net cash provided by financing activities in the statement of cash flows for the nine months ended September 30, 2014 .

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
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 United States, or GAAP. In the opinion of management, the unaudited financial information for the interim periods presented in this Report reflects all normal and recurring adjustments necessary for a fair statement of financial position, results of operations, and cash flows. Our interim consolidated financial statements should be read in conjunction with our audited consolidated financial statements and accompanying notes for the year ended December 31, 2014 , which are included in the 2014 Annual Report, as certain disclosures that would substantially duplicate those contained in the audited consolidated financial statements have not been included in this Report. Operating results for interim periods are not necessarily indicative of operating results for an entire year. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our consolidated financial statements and the accompanying notes. Actual results could differ from those estimates. Basis of Consolidation Our consolidated financial statements reflect all of our accounts, including those of our controlled subsidiaries and our tenancy-in-common interest, as described below. The portions of equity in consolidated subsidiaries that are not attributable, directly or indirectly, to us are presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated. At September 30, 2015 , we had an investment in a tenancy-in-common interest in various underlying international properties. Consolidation of this investment is not required as such interest does not qualify as a VIE and does not meet the control requirement required for consolidation. Accordingly, we account for this investment using the equity method of accounting. We use the equity method of accounting because the shared decision-making involved in a tenancy-in-common interest investment provides us with significant influence on the operating and financial decisions of this investment. At September 30, 2015 , we consolidated eight VIEs. We apply accounting guidance for consolidation of VIEs to certain entities in which the equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. Fixed price purchase and renewal options within a lease, as well as certain decision-making rights within a loan, can cause us to consider an entity a VIE. We previously determined that the developer entity of our consolidated Agrokor d.d. build-to-suit investment, referred to as Agrokor 4, was a VIE and that we were its primary beneficiary. During the nine months ended September 30, 2015 , in connection with the completion of the build-to-suit project, we acquired the shares of the developer entity and it is no longer a VIE. Additionally, we own interests in single-tenant, net-leased properties leased to companies through noncontrolling interests in partnerships and limited liability companies that we do not control, but over which we exercise significant influence. We account for these investments under the equity method of accounting. At times, the carrying value of our equity investments may fall below zero for certain investments. We intend to fund our share of the investments’ future operating deficits should the need arise. However, we have no legal obligation to pay for any of the liabilities of such investments nor do we have any legal obligation to fund operating deficits. At September 30, 2015 , six of our equity investments were VIEs, and none had carrying values below zero. Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. Changes to Prior Period Amounts In accordance with the accounting guidance for equity method investments under Accounting Standards Codification, or ASC, 323-10-35-33, Increase in Level of Ownership or Degree of Influence , during 2014 we assessed our accounting for our investment in BG LLH, LLC, one of our cost method investments. Upon acquiring additional voting stock in the investment during 2014, we were required to account for our total investment in BG LLH, LLC under the equity method of accounting. In accordance with ASC 323-10-35-33, we have adjusted our financial statements retrospectively as if the equity method of accounting had been in effect during all previous periods in which the investment was held. The impact of this change on retained earnings at January 1, 2014 was $1.3 million . Recent Accounting Requirements The following Accounting Standards Updates, or ASUs, promulgated by the Financial Accounting Standards Board are applicable to us: ASU 2015-16, Business Combinations (Topic 805) — ASU 2015-16 requires that an acquirer recognize adjustments identified during the business combination measurement period in the reporting period in which the adjustment amounts are determined. The effects on earnings due to changes in depreciation, amortization, or other income effects as a result of the change are also recognized in the same period’s financial statements. ASU 2015-16 also requires that acquirers present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, early adoption is permitted, and prospective application is required for adjustments that are identified after the effective date of this update. We elected to early adopt ASU 2015-16 and implemented the standard prospectively beginning July 1, 2015. The adoption did not have a material impact on our financial statements. ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) — ASU 2015-03 changes the presentation of debt issuance costs, which are currently recognized as a deferred charge (that is, an asset) and requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 does not affect the recognition and measurement guidance for debt issuance costs. ASU 2015-03 is effective for periods beginning after December 15, 2015, early adoption is permitted and retrospective application is required. We are currently evaluating the impact of ASU 2015-03 on our consolidated financial statements. ASU 2014-09 , Revenue from Contracts with Customers (Topic 606) — ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 does not apply to our lease revenues, but will apply to reimbursed tenant costs and revenues generated from our operating properties. Additionally, this guidance modifies disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the Financial Accounting Standards Board issued ASU 2015-14, which defers the effective date of ASU 2014-09 for all entities by one year, until years beginning in 2018, with early adoption permitted but not before 2017, the original public company effective date. We are currently evaluating the impact of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard.

Agreements and Transactions wit

Agreements and Transactions with Related Parties	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Agreements and Transactions with Related Parties	Agreements and Transactions with Related Parties Transactions with Our Advisor We have an advisory agreement with our advisor whereby our advisor performs certain services for us under a fee arrangement, including the identification, evaluation, negotiation, purchase, and disposition of real estate and related assets and mortgage loans; day-to-day management; and the performance of certain administrative duties. The current advisory agreement will expire on December 31, 2015 and is scheduled to renew annually thereafter with our approval. We also have certain agreements with affiliates regarding jointly-owned investments. In addition, we reimburse our advisor 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 our 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, 2015 2014 2015 2014 Amounts Included in the Consolidated Statements of Income Asset management fees $ 7,422 $ 6,468 $ 21,864 $ 19,934 Available Cash Distributions 5,837 6,111 17,690 15,380 Personnel and overhead reimbursements 3,086 3,206 9,238 9,529 Interest expense on deferred acquisition fees and loan from affiliate 113 121 246 401 Acquisition expenses — — 430 1,191 $ 16,458 $ 15,906 $ 49,468 $ 46,435 Acquisition Fees Capitalized Current acquisition fees $ 563 $ 307 $ 5,500 $ 1,662 Deferred acquisition fees 450 247 4,182 937 $ 1,013 $ 554 $ 9,682 $ 2,599 The following table presents a summary of amounts included in Due to affiliates in the consolidated financial statements (in thousands): September 30, 2015 December 31, 2014 Due to Affiliates Deferred acquisition fees, including interest $ 4,604 $ 9,394 Reimbursable costs 3,107 228 Asset management fees payable 2,475 2,283 Accounts payable 157 527 Current acquisition fees 7 — Subordinated disposition fees — 202 $ 10,350 $ 12,634 Acquisition and Disposition Fees We pay our 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, which is a non-compounded cumulative distribution of 5.0% per annum (based initially on our invested capital). Acquisition fees payable to our 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 2.0% , typically paid over three years and subject to the 5.0% preferred return described above. For certain types of non-long term net-lease investments, initial acquisition fees are up to 1.75% of the equity invested plus the related acquisition fees, with no portion of the payment 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 5.0% . Our advisor may be entitled to receive a disposition fee 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 5.0% preferred return. These fees, which are paid at the discretion of our board of directors, are deferred and are payable to our advisor only in connection with a liquidity event. Asset Management Fees and Available Cash Distribution As defined in the advisory agreement, we pay our 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. For 2014, the asset management fees were payable in cash or shares of our common stock at the option of our advisor. We amended the advisory agreement for 2015, so that the asset management fees are payable in cash or shares of our common stock at our option, after consultation with our advisor. If our advisor receives 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 $9.72 as of December 31, 2014. For 2015, we paid our advisor 50.0% of its asset management fees in cash and 50.0% in shares of our common stock. For 2014, we paid our advisor 100% its asset management fees in shares of our common stock. At September 30, 2015 , our advisor owned 10,029,140 shares ( 3.0% ) of our common stock. We also distribute to our advisor, depending on the type of investments we own, up to 10.0% 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, our advisor allocates a portion of its personnel and overhead expenses to us and the other publicly-owned, non-listed REITs that are managed by our advisor, including Corporate Property Associates 18 – Global Incorporated, which we refer to as CPA ® :18 – Global or, together with us, as the CPA ® REITs, Carey Watermark Investors Incorporated, or CWI, and Carey Watermark Investors 2 Incorporated, or CWI 2. Our advisor allocates these expenses to us on the basis of our trailing four quarters of reported revenues and those of WPC and other entities managed by WPC and its affiliates. We reimburse our advisor for various expenses it incurs in the course of providing services to us. We reimburse certain third-party expenses paid by our advisor on our behalf, including property-specific costs, professional fees, office expenses, and business development expenses. In addition, we reimburse our 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 our advisor for the cost of personnel if these personnel provide services for transactions for which our advisor receives a transaction fee, such as acquisitions and dispositions. Under the advisory agreement currently in place, the amount of applicable personnel costs allocated to us is capped at 2.4% for 2015 and 2.2% for 2016, of pro rata lease revenues for each year. Beginning in 2017, the cap decreases to 2.0% of pro rata lease revenues for that year. Costs related to our advisor’s legal transactions group are based on a schedule of expenses for different types of transactions, including 0.25% of the total investment cost of an acquisition. Personnel and overhead reimbursements are included in General and administrative expenses in the consolidated financial statements. Our 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, our 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, our 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 our advisor to reimburse us. Loans from WPC In March 2015, our board of directors and the board of directors of WPC approved unsecured loans from WPC to us of up to $75.0 million , in the aggregate, at a rate equal to the rate at which WPC was able to borrow funds under its line of credit, for the purpose of facilitating acquisitions approved by our advisor’s investment committee that we would not otherwise have sufficient available funds to complete. All loans were made solely at the discretion of WPC’s management. On July 1, 2015, we obtained a $10.0 million loan from WPC in connection with our acquisition of six retail facilities in Illinois, North Dakota, and Wisconsin ( Note 5 , Note 6 ) with a maturity date of December 30, 2015 . On July 14, 2015, we obtained an additional $15.0 million loan from WPC in connection with our acquisition of a warehouse facility in Sered, Slovakia ( Note 5 ) with a maturity date of December 30, 2015 . Both loans had a rate of London Interbank Offered Rate, or LIBOR, plus 1.1% . In June 2015, our board of directors approved us entering into a credit facility with a syndicate of lenders. We entered into a credit agreement on August 26, 2015, at which point we drew down from the Revolver ( Note 11 ) to fully repay our outstanding loans from WPC of $25.0 million , and the WPC line of credit was terminated. Jointly-Owned Investments and Other Transactions with Affiliates At September 30, 2015 , we owned interests ranging from 7% to 97% in jointly-owned investments, with the remaining interests held by affiliates or by third parties. We consolidate certain of these investments and account for the remainder under the equity method of accounting. We also owned an interest in a jointly-controlled tenancy-in-common interest in several properties, which we account for under the equity method of accounting ( Note 7 ).

Net Investments in Properties a

Net Investments in Properties and Real Estate Under Construction	9 Months Ended
	Sep. 30, 2015
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, 2015 December 31, 2014 Land $ 556,885 $ 513,172 Buildings 2,036,204 1,883,543 Less: Accumulated depreciation (212,992 ) (175,478 ) $ 2,380,097 $ 2,221,237 The carrying value of our Real estate decreased $67.0 million from December 31, 2014 to September 30, 2015 , due to the strengthening of the U.S. dollar relative to foreign currencies, particularly the euro, during the same period. Acquisitions of Real Estate During 2015 During the nine months ended September 30, 2015 , we entered into the following investments, which were deemed to be real estate asset acquisitions because we acquired the sellers’ properties and simultaneously entered into new leases in connection with these acquisitions, at a total cost of $177.2 million , including net lease intangibles of $44.5 million ( Note 8 ) and acquisition-related costs and fees of $8.3 million , which were capitalized: • $22.2 million for an office facility in San Antonio, Texas on January 16, 2015; • $63.8 million for two warehouse facilities in Mszczonów and Tomaszów Mazowiecki, Poland on February 26, 2015 (dollar amount is based on the exchange rate of the euro on the date of acquisition); • $68.8 million primarily for four retail facilities in Fargo, North Dakota and Ashwaubenon, Brookfield, and Wauwatosa, Wisconsin on June 26, 2015; and • $22.4 million primarily for a warehouse facility in Sered, Slovakia on July 9, 2015 (dollar amount is based on the exchange rate of the euro on the date of acquisition). During the nine months ended September 30, 2015 , we placed into service four build-to-suit projects totaling $130.3 million and capitalized $4.0 million of building improvements with existing tenants. Operating Real Estate Operating real estate, which consists of our domestic self-storage operations, at cost, is summarized as follows (in thousands): September 30, 2015 December 31, 2014 Land $ 66,066 $ 66,066 Buildings 208,157 206,793 Less: Accumulated depreciation (28,267 ) (22,217 ) $ 245,956 $ 250,642 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. As a result of the terms of that agreement, we consolidated the hotel and the shopping center. 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. However, we did not exercise the option and it expired on January 31, 2015. On April 24, 2014, upon the substantial repayment of the construction loan by the developer, we deconsolidated our investment in the hotel as it no longer met the criteria for consolidation, which was accounted for as a partial sale due to our purchase option. The related gain on sale of real estate was $14.6 million , of which $12.4 million , or 85%, we recognized during the three months ended June 30, 2014 and $2.2 million , or 15%, we deferred until the purchase option expired, in accordance with ASC 360-20-40-3, Criteria for Recognizing Profit on Sales of Real Estate Under Full Accrual Method . We recognized the $2.2 million gain on sale of real estate during the three months ended March 31, 2015, after the option expired without being exercised on January 31, 2015. In accordance with ASU 2014-08, the results of operations for assets related to the partial sale are included in continuing operations in the consolidated financial statements. 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, 2015 December 31, 2014 Beginning balance $ 110,983 $ 127,935 Capitalized funds 20,916 74,420 Placed into service (130,334 ) (96,807 ) Capitalized interest 2,200 6,661 Foreign currency translation adjustments, building improvements, and other (1,492 ) (1,226 ) Ending balance $ 2,273 $ 110,983 Capitalized Funds — During the nine months ended September 30, 2015 , total capitalized funds were primarily comprised of $7.0 million in construction draws related to three existing build-to-suit projects, $11.8 million for the funding of one new build-to-suit project, which is an expansion of property acquired in a prior year, and construction draws of $1.8 million for tenant allowance for an operating property. During the year ended December 31, 2014 , costs attributable to seven build-to-suit projects, including acquisition-related costs and fees related to two new build-to-suit projects, were capitalized. Placed into Service — During the nine months ended September 30, 2015 , we placed into service four build-to-suit projects totaling $130.3 million , of which one was completed and three were partially completed as of September 30, 2015 . During the year ended December 31, 2014 , we placed four build-to-suit projects into service, of which three were completed and one was partially completed as of December 31, 2014 , in the amount of $96.8 million . Of the total, $81.9 million was reclassified to Real estate, at cost, and $14.9 million was reclassified to Operating real estate, at cost. Capitalized Interest — Capitalized interest includes amortization of the mortgage discount and deferred financing costs and interest incurred during construction, totaling $2.2 million and $6.7 million for the nine months ended September 30, 2015 and the year ended December 31, 2014 , respectively. Ending Balance — At September 30, 2015 , we had three open build-to-suit projects. At December 31, 2014 , we had three build-to-suit projects that were incomplete. The aggregate unfunded commitment on the remaining open projects totaled approximately $3.6 million and $12.5 million at September 30, 2015 and December 31, 2014 , respectively.

Finance Receivables

Finance Receivables	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Finance Receivables	Finance Receivables Assets representing rights to receive money on demand or at fixed or determinable dates are referred to as finance receivables. Our finance receivables portfolio consists of our Net investments in direct financing leases and Loans receivable. Operating leases are not included in finance receivables as such amounts are not recognized as an asset in the consolidated financial statements. Our Loans receivable are included in Other assets, net in the consolidated financial statements. Earnings from our Loans receivable are included in Other interest income in the consolidated financial statements. Net Investments in Direct Financing Leases On June 26, 2015, we entered into a net lease financing transaction for two retail facilities in Joliet, Illinois and Greendale, Wisconsin for $18.6 million , including capitalized acquisition-related costs and fees of $1.2 million . Loans Receivable 127 West 23 rd Manager, LLC — On February 3, 2015, we provided financing of $12.6 million to a subsidiary of 127 West 23 rd Manager, LLC for the acquisition of a building in New York, New York that is intended to be developed as a hotel. The loan has an interest rate of 7% and matures on February 3, 2016 , which may be extended by us for a 12-month period. In connection with this transaction, we expensed acquisition-related costs and fees of $0.1 million , which are included in Acquisition expenses in the consolidated financial statements. At September 30, 2015 , the balance of the loan receivable remained $12.6 million . 1185 Broadway LLC — On January 8, 2015, we provided a mezzanine loan of $30.0 million to a subsidiary of 1185 Broadway LLC for the development of a hotel on a parcel of land in New York, New York. The mezzanine loan is collateralized by an equity interest in a subsidiary of 1185 Broadway LLC. It has an interest rate of 10% and matures on January 8, 2016 , which may be extended by us for six months, up to two times. In connection with this transaction, we expensed acquisition-related costs and fees of $0.3 million , which are included in Acquisition expenses in the consolidated financial statements. The agreement also contains rights to certain fees upon maturity and an equity interest in the underlying entity that has been recorded in Other assets, net in the consolidated financial statements. At September 30, 2015 , the balance of the loan receivable was $30.7 million . China Alliance Properties Limited — On December 14, 2010, we provided financing of $40.0 million to China Alliance Properties Limited, a subsidiary of Shanghai Forte Land Co., Ltd. The financing was provided through a collateralized loan that is guaranteed by Shanghai Forte Land Co., Ltd.’s parent company, Fosun International Limited. It has an interest rate of 11% and matures on December 14, 2015 . At both September 30, 2015 and December 31, 2014 , the balance of the loan receivable remained $40.0 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, 2015 and December 31, 2014 , none of the balances of our finance receivables were past due and we had not established any allowances for credit losses. Additionally, there were no modifications of finance receivables during the nine months ended September 30, 2015 or the year ended December 31, 2014 . We evaluate the credit quality of our finance receivables utilizing an internal five-point credit rating scale, with one representing the highest credit quality and five representing the lowest. The credit quality evaluation of our finance receivables was last updated in the third quarter of 2015 . A summary of our finance receivables by internal credit quality rating is as follows (dollars in thousands): Number of Tenants / Obligors at Carrying Value at Internal Credit Quality Indicator September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 1 — — $ — $ — 2 1 1 2,263 2,259 3 11 9 469,733 429,245 4 4 3 107,646 87,921 5 — — — — $ 579,642 $ 519,425 At September 30, 2015 and December 31, 2014 , Other assets, net included $0.3 million and $0.6 million , respectively, of accounts receivable related to amounts billed under our direct financing leases.

Equity Investments in Real Esta

Equity Investments in Real Estate	9 Months Ended
	Sep. 30, 2015
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. As required by current authoritative accounting guidance, 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 Arrangements. 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 September 30, 2015 September 30, 2015 December 31, 2014 Shelborne Property Associates, LLC (a) Third Party 33% $ 151,451 $ 152,801 C1000 Logistiek Vastgoed B.V. (b) (c) (d) WPC 85% 61,897 71,130 BPS Nevada, LLC (e) Third Party 15% 49,129 40,032 IDL Wheel Tenant, LLC (f) Third Party N/A 47,117 30,049 U-Haul Moving Partners, Inc. and Mercury Partners, LP WPC 12% 39,735 41,028 BG LLH, LLC Third Party 7% 39,723 42,587 Bank Pekao S.A. (b) (d) CPA ® :18 – Global 50% 27,029 31,045 State Farm CPA ® :18 – Global 50% 19,429 20,414 Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC (g) Third Party 45% 17,019 20,147 Berry Plastics Corporation WPC 50% 15,993 16,632 Apply Sørco AS (b) CPA ® :18 – Global 49% 15,406 19,076 Tesco plc (b) WPC 49% 12,380 14,194 Hellweg Die Profi-Baumärkte GmbH & Co. KG (referred to as Hellweg 2) (b) WPC 37% 9,595 9,935 Agrokor d.d. (referred to as Agrokor 5) (b) CPA ® :18 – Global 20% 7,975 8,760 Eroski Sociedad Cooperativa – Mallorca (b) WPC 30% 6,964 7,662 Dick’s Sporting Goods, Inc. WPC 45% 5,290 5,508 $ 526,132 $ 531,000 __________ (a) Represents a domestic ADC Arrangement. This investment is a VIE. There was no unfunded balance on the loan related to this investment at September 30, 2015 . (b) The carrying value of this investment is affected by the impact of fluctuations in the exchange rate of the applicable foreign currency. (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 $75.0 million and $82.7 million at September 30, 2015 and December 31, 2014 , respectively. Of these amounts, $63.8 million and $70.3 million represent the amounts we agreed to pay and are included within the carrying value of this investment at September 30, 2015 and December 31, 2014 , respectively. (d) The decrease in carrying value was partially due to distributions made to us. (e) See Acquisition of Equity Investment below. (f) Represents a domestic ADC Arrangement. This investment is a VIE. We provided funding of $18.3 million to this investment and capitalized $0.6 million of interest related to the investment during the nine months ended September 30, 2015 . There was no unfunded balance on the loan related to this investment at September 30, 2015 . (g) 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. We recognized Equity in (losses) earnings of equity method investments in real estate of $(1.1) million and $2.1 million for the three months ended September 30, 2015 and 2014 , respectively, and $6.6 million and $9.2 million for the nine months ended September 30, 2015 and 2014 , respectively. For certain investments, equity in earnings of 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 $31.0 million and $20.6 million for the nine months ended September 30, 2015 and 2014 , respectively. At September 30, 2015 and December 31, 2014 , the unamortized basis differences on our equity investments were $27.9 million and $31.0 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, 2015 and 2014 , and by $3.1 million for both the nine months ended September 30, 2015 and 2014 . Acquisition of Equity Investment On November 19, 2014, we acquired a preferred equity position in BPS Nevada, LLC, an entity in which we hold a 15% equity interest, for a total cost of $18.2 million , including acquisition-related costs and fees of $0.2 million . The preferred equity interest provides us with a preferred rate of return of 8% during the first four months of the term, 10% during the next four months of the term, and 12% thereafter, until November 19, 2019, the date on which the preferred equity interest is redeemable. Our equity interest and preferred equity position in BPS Nevada, LLC allow us to have significant influence over the entity. Accordingly, we account for this investment using the equity method of accounting. On February 2, 2015, we funded an additional $9.1 million , including acquisition-related costs and fees of $0.1 million , related to this investment. During the nine months ended September 30, 2015 , we recognized $3.0 million of income related to this investment, which is included in Equity in earnings of equity method investments in real estate in the consolidated financial statements.

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	9 Months Ended
	Sep. 30, 2015
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 and tenant relationship intangibles are included in In-place lease and tenant relationship intangible assets, net in the consolidated financial statements. 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, 2015 , we recorded net lease intangibles comprised as follows (life in years, dollars in thousands): Weighted-Average Life Amount Amortizable Intangible Assets In-place lease 14.5 $ 45,714 Above-market rent 10.0 587 $ 46,301 Amortizable Intangible Liabilities Below-market rent 22.1 $ (1,792 ) Intangible assets and liabilities are summarized as follows (in thousands): September 30, 2015 December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable Intangible Assets In-place lease and tenant relationship $ 584,888 $ (146,485 ) $ 438,403 $ 551,569 $ (119,125 ) $ 432,444 Above-market rent 89,558 (19,531 ) 70,027 92,548 (16,539 ) 76,009 Below-market ground leases 7,121 (288 ) 6,833 7,124 (199 ) 6,925 681,567 (166,304 ) 515,263 651,241 (135,863 ) 515,378 Unamortizable Intangible Assets Goodwill 304 — 304 304 — 304 Total intangible assets $ 681,871 $ (166,304 ) $ 515,567 $ 651,545 $ (135,863 ) $ 515,682 Amortizable Intangible Liabilities Below-market rent $ (117,399 ) $ 17,710 $ (99,689 ) $ (116,887 ) $ 13,293 $ (103,594 ) Above-market ground lease (1,145 ) 28 (1,117 ) (1,145 ) 17 (1,128 ) Total intangible liabilities $ (118,544 ) $ 17,738 $ (100,806 ) $ (118,032 ) $ 13,310 $ (104,722 ) Net amortization of intangibles, including the effect of foreign currency translation, was $9.5 million and $9.4 million for the three months ended September 30, 2015 and 2014 , respectively and $28.5 million for both the nine months ended September 30, 2015 and 2014 . Amortization of below-market rent and above-market rent intangibles is recorded as an adjustment to Rental income; amortization of below-market ground lease and above-market ground lease intangibles is included in Property expenses; and amortization of in-place lease and tenant relationship intangibles is included in Depreciation and amortization. Based on the intangible assets and liabilities recorded at September 30, 2015 , scheduled annual net amortization of intangibles for the remainder of 2015 , each of the next four calendar years following December 31, 2015 , and thereafter is as follows (in thousands): Years Ending December 31, Net Increase in Rental Income Increase to Amortization/Property Expenses Net 2015 (remaining) $ (327 ) $ 9,636 $ 9,309 2016 (480 ) 34,636 34,156 2017 (252 ) 32,051 31,799 2018 (229 ) 31,949 31,720 2019 (220 ) 31,903 31,683 Thereafter (28,154 ) 303,944 275,790 $ (29,662 ) $ 444,119 $ 414,457

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair value of an asset is defined as the exit price, which is the amount that would either be received when an asset is sold or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-tier fair value hierarchy based on the inputs used in measuring fair value. These tiers are: Level 1, for which quoted market prices for identical instruments are available in active markets, such as money market funds, equity securities, and U.S. Treasury securities; Level 2, for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument, such as certain derivative instruments including interest rate swaps and foreign currency forward 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 foreign currency forward contracts, stock warrants, embedded derivatives, and a swaption ( Note 10 ). The 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 incorporated market inputs and our own assumptions about future cash flows. We classified these assets as Level 3 because they are not traded in an active market. Derivative Liabilities — Our derivative liabilities, which are included in Accounts payable, accrued expenses and other liabilities in the consolidated financial statements, are comprised of interest rate swaps and foreign currency forward contracts ( Note 10 ). The 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. We did not have any transfers into or out of Level 1, Level 2, and Level 3 measurements during either the nine months ended September 30, 2015 or 2014 . 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 (dollars in thousands): September 30, 2015 December 31, 2014 Level Carrying Value Fair Value Carrying Value Fair Value Non-recourse debt (a) 3 $ 1,850,842 $ 1,896,434 $ 1,896,489 $ 1,961,905 Senior Credit Facility (b) 2 53,706 53,706 — — Loans receivable (a) 3 83,294 83,294 40,000 41,990 Other securities (c) 3 6,650 9,059 9,381 9,649 Deferred acquisition fees payable (d) 3 4,451 4,488 9,009 10,077 CMBS (e) 3 2,585 8,392 3,053 8,899 ___________ (a) We determined the estimated fair value of our non-recourse debt 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. Additionally, for our loans receivable with China Alliance Properties Limited, 127 West 23rd Manager, LLC and 1185 Broadway LLC, we estimated that the fair values of the loans receivable approximated their carrying values. (b) We determined the estimated fair value of our Senior Credit Facility ( Note 11 ) using a discounted cash flow model with rates that take into account the market-based credit spread and our credit quality. (c) Amounts at September 30, 2015 and December 31, 2014 primarily reflect our interest in a foreign debenture, which is included in Other assets, net in the consolidated financial statements. (d) 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 of 205 basis points and an illiquidity adjustment of 75 basis points. Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement. (e) The carrying value of our commercial mortgage-backed securities, or CMBS, is inclusive of impairment charges recognized during the nine months ended September 30, 2015 and the three and nine months ended September 30, 2014 , as well as accretion related to the estimated cash flows expected to be received. There were no purchases, sales, or impairment charges recognized during the three months ended September 30, 2015 . We estimated that our other financial assets and liabilities (excluding net investments in direct financing leases) had fair values that approximated their carrying values at both September 30, 2015 and December 31, 2014 . Items Measured at Fair Value on a Non-Recurring Basis (Including Impairment Charges) 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 held for use for which an impairment indicator is identified, we follow a two-step process to determine whether the investment is impaired and to determine the amount of the charge. First, we compare the carrying value of the property’s asset group to the future undiscounted net cash flows that we expect the property’s asset group will generate, including any estimated proceeds from the eventual sale of the property’s asset group. If this amount is less than the carrying value, the property’s asset group is considered to be not recoverable. We then measure the impairment charge as the excess of the carrying value of the property’s asset group over the estimated fair value of the property’s asset group, which is primarily determined using market information, such as recent comparable sales, broker quotes, or third-party appraisals. If relevant market information is not available or is not deemed appropriate, we perform a future net cash flow analysis discounted for inherent risk associated with each investment. We determined that the significant inputs used to value these investments fall within Level 3 for fair value reporting. As a result of our assessments, we calculated impairment charges based on market conditions and assumptions that existed at the time. The valuation of real estate is subject to significant judgment and actual results may differ materially if market conditions or the underlying assumptions change. The following table presents information about our assets that were measured at fair value on a non-recurring basis (in thousands): Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Fair Value Measurements Total Impairment Charges Fair Value Total Impairment Charges Impairment Charges CMBS $ — $ — $ 187 $ 127 Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 Fair Value Total Fair Value Total Impairment Charges CMBS $ 1,478 $ 1,023 $ 187 $ 127 During the three months ended September 30, 2015, we did not recognize any impairment charges. During the nine months ended September 30, 2015 , we incurred other-than-temporary impairment charges on two tranches in our CMBS portfolio totaling $1.0 million , to reduce their carrying values to their estimated fair values as a result of non-performance. The fair value measurements related to the impairment charges were derived from third-party appraisals, which were based on input from dealers, buyers, and other market participants, as well as updates on prepayments, losses, and delinquencies within our CMBS portfolio. During the three and nine months ended September 30, 2014 , we incurred an other-than-temporary impairment charge on one tranche in our CMBS portfolio of $0.1 million to reduce its carrying value to its estimated fair value as a result of non-performance. The fair value measurement related to the impairment charge was derived from third-party appraisals, which were based on input from dealers, buyers, and other market participants, as well as updates on prepayments, losses, and delinquencies within our CMBS portfolio.

Risk Management and Use of Deri

Risk Management and Use of Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Risk Management and Use of Derivative Financial Instruments	Risk Management and Use of Derivative Financial Instruments Risk Management In the normal course of our ongoing business operations, we encounter economic risk. There are four main components of economic risk that impact us: interest rate risk, credit risk, market risk, and foreign currency risk. We are primarily subject to interest rate risk on our interest-bearing assets and liabilities, including the Senior Credit Facility ( Note 11 ). 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 Asia and are subject to risks associated with fluctuating foreign currency exchange rates. Derivative Financial Instruments When we use derivative instruments, it is generally to reduce our exposure to fluctuations in interest rates and foreign currency exchange rate movements. We have not entered into, and do not plan to enter into, financial instruments for trading or speculative purposes. In addition to entering into derivative instruments on our own behalf, we may also be a party to derivative instruments that are embedded in other contracts, and we may be granted common stock warrants by lessees when structuring lease transactions, which are considered to be derivative instruments. The primary risks related to our use of derivative instruments include a counterparty to a hedging arrangement defaulting on its obligation and a downgrade in the credit quality of a counterparty to such an extent that our ability to sell or assign our side of the hedging transaction is impaired. While we seek to mitigate these risks by entering into hedging arrangements with large financial institutions that we deem to be creditworthy, it is possible that our hedging transactions, which are intended to limit losses, could adversely affect our earnings. Furthermore, if we terminate a hedging arrangement, we may be obligated to pay certain costs, such as transaction or breakage fees. We have established policies and procedures for risk assessment and the approval, reporting, and monitoring of derivative financial instrument activities. We measure derivative instruments at fair value and record them as assets or liabilities, depending on our rights or obligations under the applicable derivative contract. Derivatives that are not designated as hedges must be adjusted to fair value through earnings. For a derivative designated, and that qualified, as a cash flow hedge, the effective portion of the change in fair value of the derivative is recognized in Other comprehensive loss until the hedged item is recognized in earnings. For a derivative designated, and that qualified, as a net investment hedge, the effective portion of the change in the fair value and/or the net settlement of the derivative are reported in Other comprehensive loss as part of the cumulative foreign currency translation adjustment. Amounts are reclassified out of Other comprehensive loss into earnings when the hedged investment is either sold or substantially liquidated. The ineffective portion of the change in fair value of any derivative is immediately recognized in earnings. The following table sets forth certain information regarding our derivative instruments (in thousands): Derivatives Designated as Hedging Instruments Asset Derivatives Fair Value at Liability Derivatives Fair Value at Balance Sheet Location September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 Foreign currency forward contracts Other assets, net $ 39,466 $ 24,051 $ — $ — Interest rate swaps Other assets, net — 71 — — Interest rate swaps Accounts payable, accrued expenses and other liabilities — — (13,691 ) (14,554 ) Derivatives Not Designated as Hedging Instruments Foreign currency forward contracts Other assets, net — 5,120 — — Stock warrants Other assets, net 1,914 1,848 — — Swaption Other assets, net 328 505 — — Embedded credit derivatives Other assets, net 58 499 — — Foreign currency forward contracts Accounts payable, accrued expenses and other liabilities — — — (2,904 ) Total derivatives $ 41,766 $ 32,094 $ (13,691 ) $ (17,458 ) All derivative transactions with an individual counterparty are governed by a master International Swap and Derivatives Association agreement, which can be considered as a master netting arrangement; however, we report all our derivative instruments on a gross basis on our consolidated financial statements. At both September 30, 2015 and December 31, 2014 , no cash collateral had been posted or 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 on Derivatives in Other Comprehensive Loss (Effective Portion) Three Months Ended September 30, Nine Months Ended September 30, Derivatives in Cash Flow Hedging Relationships 2015 2014 2015 2014 Interest rate swaps $ (2,110 ) $ 500 $ (43 ) $ (3,920 ) Foreign currency forward contracts (978 ) 18,208 15,626 17,799 Interest rate cap (a) — 227 — 913 Foreign currency collars — (91 ) — (290 ) Derivatives in Net Investment Hedging Relationships (b) Foreign currency forward contracts (20 ) — 366 — Derivatives Formerly in Net Investment Hedging Relationships (c) Foreign currency forward contracts — 4,192 — 4,511 Total $ (3,108 ) $ 23,036 $ 15,949 $ 19,013 Amount of Gain (Loss) Reclassified from Other Comprehensive Loss into Income (Effective Portion) Derivatives in Cash Flow Hedging Relationships Location of Gain (Loss) Reclassified to Income Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Foreign currency forward contracts Other income and (expenses) $ 2,296 $ 526 $ 6,662 $ 425 Interest rate swaps Interest expense (1,913 ) (1,811 ) (6,044 ) (5,259 ) Interest rate cap Interest expense — (226 ) — (913 ) Foreign currency collars Other income and (expenses) — 557 — 751 Total $ 383 $ (954 ) $ 618 $ (4,996 ) __________ (a) Includes gains attributable to a noncontrolling interest of $0.1 million and $0.4 million for the three and nine months ended September 30, 2014 , respectively. (b) The effective portion of the change in fair value and the settlement of these contracts are reported in the foreign currency translation adjustment section of Other comprehensive loss until the underlying investment is sold, at which time we reclassify the gain or loss to earnings. (c) In September 2014, a new forward contract was executed to offset this existing forward contract. 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 until the underlying investment is sold, at which time we will reclassify the gain or loss to earnings. The forward contract matured during the three months ended September 30, 2015. Amounts reported in Other comprehensive loss related to interest rate swaps will be reclassified to Interest expense as interest payments are made on our variable-rate debt. Amounts reported in Other comprehensive loss related to foreign currency derivative contracts will be reclassified to Other income and (expenses) when the hedged foreign currency contracts are settled. At September 30, 2015 , we estimated that an additional $7.4 million and $7.0 million will be reclassified as interest expense and as other expenses, respectively, during the next 12 months. The following table presents the impact of our derivative instruments in the consolidated financial statements (in thousands): Amount of Gain (Loss) on Derivatives Recognized in Income Derivatives Not in Cash Flow Hedging Relationships Location of Gain (Loss) Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Swaption Other income and (expenses) $ (212 ) $ (83 ) $ (177 ) $ (512 ) Embedded credit derivatives Other income and (expenses) (26 ) 725 235 1,006 Foreign currency forward contracts Other income and (expenses) — 445 (16 ) 327 Stock warrants Other income and (expenses) — 132 66 66 Derivatives in Cash Flow Hedging Relationships Interest rate swaps (a) Interest expense 61 91 233 216 Total $ (177 ) $ 1,310 $ 341 $ 1,103 __________ (a) Relates to the ineffective portion of the hedging relationship. See below for information regarding why we enter into our derivative instruments and concerning 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 have obtained, and may in the future obtain, variable-rate, non-recourse mortgage loans and, as a result, we have entered into, and may continue to enter into, interest rate swap agreements or swaptions with counterparties. Interest rate swaps, which effectively convert the variable-rate debt service obligations of a loan to a fixed rate, are agreements in which one party exchanges a stream of interest payments for a counterparty’s stream of cash flow over a specific period. The face amount on which the swaps are based is not exchanged. 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 our consolidated subsidiaries had outstanding at September 30, 2015 are summarized as follows (currency in thousands): Interest Rate Derivatives Number of Instruments Notional Amount Fair Value at September 30, 2015 (a) Designated as Cash Flow Hedging Instruments Interest rate swaps 13 232,486 USD $ (9,129 ) Interest rate swaps 7 190,447 EUR (4,562 ) Not Designated as Hedging Instrument Swaption 1 13,230 USD 328 $ (13,363 ) __________ (a) Fair value amount is based on the exchange rate of the euro at September 30, 2015 , as applicable. The interest rate swap that one of our unconsolidated jointly-owned investments had outstanding at September 30, 2015 , which was designated as a cash flow hedge, is summarized as follows (currency in thousands): Interest Rate Derivative Ownership Interest in Investee at September 30, 2015 Number of Instruments Notional Amount Fair Value at September 30, 2015 (a) Interest rate swap 85% 1 11,252 EUR $ (531 ) __________ (a) Fair value amount is based on the exchange rate of the euro at September 30, 2015 . Foreign Currency Contracts and Collars We are exposed to foreign currency exchange rate movements, primarily in the euro and, to a lesser extent, the British pound sterling, the Japanese yen, the Norwegian krone, and the Indian rupee. We manage foreign currency exchange rate movements by generally placing our debt service obligation on an investment in the same currency as the tenant’s rental obligation to us. This reduces our overall exposure to the net cash flow from that investment. However, we are subject to foreign currency exchange rate movements to the extent that there is a difference in the timing and amount of the rental obligation and the debt service. Realized and unrealized gains and losses recognized in earnings related to foreign currency transactions are included in Other income and (expenses) in the consolidated financial statements. In order to hedge certain of our foreign currency cash flow exposures, we enter into foreign currency forward contracts and collars. A foreign currency forward contract is a commitment to deliver a certain amount of currency at a certain price on a specific date in the future. By entering into forward contracts and holding them to maturity, we are locked into a future currency exchange rate for the term of the contract. A foreign currency collar consists of a written call option and a purchased put option to sell the foreign currency. These instruments lock the range in which the foreign currency exchange rate may fluctuate. The following table presents the foreign currency derivative contracts we had outstanding and their designations at September 30, 2015 (currency in thousands): Foreign Currency Derivatives Number of Instruments Notional Amount Fair Value at September 30, 2015 (a) Designated as Cash Flow Hedging Instruments Foreign currency forward contracts 83 164,667 EUR $ 34,886 Foreign currency forward contracts 17 12,239 NOK 215 Designated as Net Investment Hedging Instruments Foreign currency forward contracts 10 1,031,827 JPY 4,225 Foreign currency forward contracts 5 7,996 NOK 140 $ 39,466 __________ (a) Fair value amounts are based on the exchange rate of the euro, the Norwegian krone, or the Japanese yen, as applicable, at September 30, 2015 . Credit Risk-Related Contingent Features We measure our credit exposure on a counterparty basis as the net positive aggregate estimated fair value of our derivatives, net of any collateral received. No collateral was received as of September 30, 2015 . At September 30, 2015 , our total credit exposure was $38.7 million and the maximum exposure to any single counterparty was $15.9 million . Some of the agreements with our derivative counterparties contain cross-default provisions that could trigger a declaration of default on our derivative obligations if we default, or are capable of being declared in default, on certain of our indebtedness. At September 30, 2015 , we had not been declared in default on any of our derivative obligations. The estimated fair value of our derivatives that were in a net liability position was $15.5 million and $18.5 million at September 30, 2015 and December 31, 2014 , respectively, which included accrued interest and any nonperformance risk adjustments. If we had breached any of these provisions at September 30, 2015 or December 31, 2014 , we could have been required to settle our obligations under these agreements at their aggregate termination value of $16.1 million and $19.1 million , respectively. Information about Significant Tenants For the nine months ended September 30, 2015 , the following tenants represented 5% or more of total lease revenues: • The New York Times Company ( 9% ); • Metro Cash & Carry Italia S.p.A. ( 8% ); • Agrokor d.d. ( 7% ); • KBR, Inc. ( 7% ); and • General Parts Inc., Golden State Supply LLC, Straus-Frank Enterprises LLC, General Parts Distribution LLC, and Worldpac Inc. ( 6% in the aggregate).

Non-Recourse Debt

Non-Recourse Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Non-Recourse Debt	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 $2.7 billion at September 30, 2015 and $2.9 billion at December 31, 2014 . At September 30, 2015 , our mortgage notes payable bore interest at fixed annual rates ranging from 2.0% to 7.5% and variable contractual annual rates ranging from 1.6% to 6.1% , with maturity dates ranging from August 2016 to 2039 . During the nine months ended September 30, 2015 , we obtained five new non-recourse mortgage financings and one refinancing totaling $108.2 million , with a weighted-average annual interest rate of 4.3% and term of 9.5 years, of which $36.3 million related to investments acquired during prior years and $71.9 million related to investments acquired during the current year. During the nine months ended September 30, 2015 , we repaid four non-recourse mortgage loans with outstanding principal balances totaling $93.7 million and a weighted-average interest rate of 6.2% . Two of these loans were repaid prior to maturity and had outstanding principal balances totaling $57.5 million and a weighted-average remaining term to maturity of 4.9 years . In addition, three of these non-recourse mortgages encumbered properties of jointly-owned investments with our advisor, WPC, which we consolidate. WPC contributed $19.9 million in connection with the repayment of these non-recourse mortgages. We recognized a loss on extinguishment of debt of $0.3 million on one of the non-recourse mortgages paid prior to maturity, which is included in Other income and (expenses) in the consolidated financial statements. Senior Credit Facility On August 26, 2015, we entered into a Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication agent, and a syndicate of other lenders. The Credit Agreement provides for a $200.0 million senior unsecured revolving credit facility, or the Revolver, and a $50.0 million delayed-draw term loan facility, or the Term Loan. We refer to the Revolver and the Term Loan together as the Senior Credit Facility, which has a maximum aggregate principal amount of $250.0 million and an accordion feature of $250.0 million , subject to lender approval. The Senior Credit Facility is scheduled to mature on August 26, 2018 , which may be extended by us for two 12-month periods. The Senior Credit Facility provides for an annual interest rate of either (i) the Eurocurrency Rate or (ii) the Base Rate, in each case plus the Applicable Rate (each as defined in the Credit Agreement). With respect to the Revolver, the Applicable Rate on Eurocurrency loans and letters of credit ranges from 1.50% to 2.25% (based on LIBOR) and the Applicable Rate on Base Rate loans ranges from 0.50% to 1.25% (as defined in the Credit Agreement), depending on our leverage ratio. With respect to the Term Loan, the Applicable Rate on Eurocurrency loans and letters of credit ranges from 1.45% to 2.20% (based on LIBOR) and the Applicable Rate on Base Rate loans ranges from 0.45% to 1.20% (as defined in the Credit Agreement), depending on our leverage ratio. In addition, we pay a fee of either 0.15% or 0.30% on the unused portion of the Senior Credit Facility. If usage of the Senior Credit Facility is equal to or greater than 50% of the Aggregate Commitments, the Unused Fee Rate will be 0.15% , and if usage of the Senior Credit Facility is less than 50% of the Aggregate Commitments, the Unused Fee Rate will be 0.30% . In connection with the transaction, we incurred costs of $1.9 million , which are being amortized over the remaining term of the Senior Credit Facility. At September 30, 2015, availability under the Senior Credit Facility was $196.2 million , the outstanding balance under the Revolver was $53.8 million and we had not drawn on our Term Loan. At September 30, 2015, interest was computed on the Senior Credit Facility at the annual interest rate consisting of LIBOR plus 1.60% . The Revolver will be used for the working capital needs of the Company and its subsidiaries as well as for other general corporate purposes. We are required to ensure that the total Restricted Payments (as defined in the Credit Agreement) in an aggregate amount in any fiscal year does not exceed the amount of Restricted Payments required in order for us to (i) maintain our REIT status and (ii) avoid the payment of federal or state income or excise tax. Restricted Payments include quarterly dividends and the total amount of shares repurchased by us, if any, in excess of $100.0 million per year. In addition to placing limitations on dividend distributions and share repurchases, the Credit Agreement also stipulates certain customary financial covenants. We were in compliance with all such covenants at September 30, 2015. Scheduled Debt Principal Payments Scheduled debt principal payments during the remainder of 2015 , each of the next four calendar years following December 31, 2015 , and thereafter are as follows (in thousands): Years Ending December 31, Total 2015 (remainder) $ 6,072 2016 233,447 2017 346,598 2018 (a) 197,918 2019 38,556 Thereafter through 2039 1,084,377 1,906,968 Unamortized discount, net (2,420 ) Total $ 1,904,548 __________ (a) Includes $53.8 million outstanding under our Senior Credit Facility, which is scheduled to mature on August 26, 2018 , unless extended pursuant to its terms. Certain amounts in the table above are based on the applicable foreign currency exchange rate at September 30, 2015 . The carrying value of our Non-recourse debt decreased by $39.8 million from December 31, 2014 to September 30, 2015 due to the strengthening of the U.S. dollar relative to foreign currencies, particularly the euro, during the same period.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies At September 30, 2015 , 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 5 for unfunded construction commitments.

Equity

Equity	9 Months Ended
	Sep. 30, 2015
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, 2015 Gains and Losses on Derivative Instruments Gains and Losses on Marketable Securities Foreign Currency Translation Adjustments Total Beginning balance $ 26,118 $ (92 ) $ (147,368 ) $ (121,342 ) Other comprehensive (loss) income before reclassifications (2,759 ) 7 (1,100 ) (3,852 ) Amounts reclassified from accumulated other comprehensive loss to: Interest expense 1,913 — — 1,913 Other income and (expenses) (2,296 ) — — (2,296 ) Total (383 ) — — (383 ) Net current-period Other comprehensive (loss) income (3,142 ) 7 (1,100 ) (4,235 ) Net current-period Other comprehensive income attributable to noncontrolling interests — — (103 ) (103 ) Ending balance $ 22,976 $ (85 ) $ (148,571 ) $ (125,680 ) Three Months Ended September 30, 2014 Gains and Losses Gains and Losses on Marketable Securities Foreign Currency Translation Adjustments Total Beginning balance $ (21,367 ) $ (344 ) $ (2,307 ) $ (24,018 ) Other comprehensive (loss) income before reclassifications 17,890 77 (52,023 ) (34,056 ) 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 (loss) income 18,844 77 (52,023 ) (33,102 ) Net current-period Other comprehensive (income) loss attributable to noncontrolling interests (102 ) — 905 803 Ending balance $ (2,625 ) $ (267 ) $ (53,425 ) $ (56,317 ) Nine Months Ended September 30, 2015 Gains and Losses on Derivative Instruments Gains and Losses on Marketable Securities Foreign Currency Translation Adjustments Total Beginning balance $ 7,311 $ (106 ) $ (88,212 ) $ (81,007 ) Other comprehensive income (loss) before reclassifications 16,283 21 (60,990 ) (44,686 ) Amounts reclassified from accumulated other comprehensive loss to: Interest expense 6,044 — — 6,044 Other income and (expenses) (6,662 ) — — (6,662 ) Total (618 ) — — (618 ) Net current-period Other comprehensive income (loss) 15,665 21 (60,990 ) (45,304 ) Net current-period Other comprehensive loss attributable to noncontrolling interests — — 631 631 Ending balance $ 22,976 $ (85 ) $ (148,571 ) $ (125,680 ) Nine Months Ended September 30, 2014 Gains and Losses on Derivative Instruments Gains and Losses on Marketable Securities Foreign Currency Translation Adjustments Total Beginning balance $ (16,717 ) $ (391 ) $ 3,666 $ (13,442 ) Other comprehensive (loss) income before reclassifications 9,507 124 (58,093 ) (48,462 ) 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 (loss) income 14,503 124 (58,093 ) (43,466 ) Net current-period Other comprehensive (income) loss attributable to noncontrolling interests (411 ) — 1,002 591 Ending balance $ (2,625 ) $ (267 ) $ (53,425 ) $ (56,317 ) Distributions Declared During the third quarter of 2015 , our board of directors declared a quarterly distribution of $0.1625 per share, which was paid on October 15, 2015 to stockholders of record on September 30, 2015 , in the amount of $54.4 million .

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Our interim consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and, therefore, do not necessarily include all information and footnotes necessary for a fair statement of our consolidated financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States, or GAAP.
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 interest, as described below. The portions of equity in consolidated subsidiaries that are not attributable, directly or indirectly, to us are presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated. At September 30, 2015 , we had an investment in a tenancy-in-common interest in various underlying international properties. Consolidation of this investment is not required as such interest does not qualify as a VIE and does not meet the control requirement required for consolidation. Accordingly, we account for this investment using the equity method of accounting. We use the equity method of accounting because the shared decision-making involved in a tenancy-in-common interest investment provides us with significant influence on the operating and financial decisions of this investment. At September 30, 2015 , we consolidated eight VIEs. We apply accounting guidance for consolidation of VIEs to certain entities in which the equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. Fixed price purchase and renewal options within a lease, as well as certain decision-making rights within a loan, can cause us to consider an entity a VIE. We previously determined that the developer entity of our consolidated Agrokor d.d. build-to-suit investment, referred to as Agrokor 4, was a VIE and that we were its primary beneficiary. During the nine months ended September 30, 2015 , in connection with the completion of the build-to-suit project, we acquired the shares of the developer entity and it is no longer a VIE. Additionally, we own interests in single-tenant, net-leased properties leased to companies through noncontrolling interests in partnerships and limited liability companies that we do not control, but over which we exercise significant influence. We account for these investments under the equity method of accounting. At times, the carrying value of our equity investments may fall below zero for certain investments. We intend to fund our share of the investments’ future operating deficits should the need arise. However, we have no legal obligation to pay for any of the liabilities of such investments nor do we have any legal obligation to fund operating deficits. At September 30, 2015 , six of our equity investments were VIEs, and none had carrying values below zero.
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. As required by current authoritative accounting guidance, 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 Arrangements. 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 and tenant relationship intangibles are included in In-place lease and tenant relationship intangible assets, net in the consolidated financial statements. 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 and above-market ground lease intangibles is included in Property expenses; and amortization of in-place 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 forward 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 foreign currency forward contracts, stock warrants, embedded derivatives, and a swaption ( Note 10 ). The 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 incorporated market inputs and our own assumptions about future cash flows. We classified these assets as Level 3 because they are not traded in an active market. Derivative Liabilities — Our derivative liabilities, which are included in Accounts payable, accrued expenses and other liabilities in the consolidated financial statements, are comprised of interest rate swaps and foreign currency forward contracts ( Note 10 ). The 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.
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 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 into earnings when the hedged investment is either sold or substantially liquidated. The ineffective portion of the change in fair value of any derivative is immediately recognized in earnings.
Recent Accounting Requirements	The following Accounting Standards Updates, or ASUs, promulgated by the Financial Accounting Standards Board are applicable to us: ASU 2015-16, Business Combinations (Topic 805) — ASU 2015-16 requires that an acquirer recognize adjustments identified during the business combination measurement period in the reporting period in which the adjustment amounts are determined. The effects on earnings due to changes in depreciation, amortization, or other income effects as a result of the change are also recognized in the same period’s financial statements. ASU 2015-16 also requires that acquirers present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, early adoption is permitted, and prospective application is required for adjustments that are identified after the effective date of this update. We elected to early adopt ASU 2015-16 and implemented the standard prospectively beginning July 1, 2015. The adoption did not have a material impact on our financial statements. ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) — ASU 2015-03 changes the presentation of debt issuance costs, which are currently recognized as a deferred charge (that is, an asset) and requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 does not affect the recognition and measurement guidance for debt issuance costs. ASU 2015-03 is effective for periods beginning after December 15, 2015, early adoption is permitted and retrospective application is required. We are currently evaluating the impact of ASU 2015-03 on our consolidated financial statements. ASU 2014-09 , Revenue from Contracts with Customers (Topic 606) — ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 does not apply to our lease revenues, but will apply to reimbursed tenant costs and revenues generated from our operating properties. Additionally, this guidance modifies disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the Financial Accounting Standards Board issued ASU 2015-14, which defers the effective date of ASU 2014-09 for all entities by one year, until years beginning in 2018, with early adoption permitted but not before 2017, the original public company effective date. We are currently evaluating the impact of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard.

Revisions of Previously-Issue24

Revisions of Previously-Issued Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Revisions of Previously-Issued Financial Statements	Consolidated Statements of Income Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 As Reported Revisions As Revised As Reported Revisions As Revised Revenues Total revenues $ 97,987 $ — $ 97,987 $ 297,923 $ — $ 297,923 Operating Expenses Total operating expenses 52,313 — 52,313 164,202 — 164,202 Other Income and Expenses Equity in earnings of equity method investments in real estate 2,052 — 2,052 9,777 (547 ) 9,230 Other income and (expenses) 2,203 (4,890 ) (2,687 ) 4,101 (5,936 ) (1,835 ) Interest expense (23,695 ) — (23,695 ) (70,288 ) — (70,288 ) (19,440 ) (4,890 ) (24,330 ) (56,410 ) (6,483 ) (62,893 ) Income before income taxes and gain on sale of real estate 26,234 (4,890 ) 21,344 77,311 (6,483 ) 70,828 Provision for income taxes (2,651 ) — (2,651 ) (6,012 ) 52 (5,960 ) Income before gain on sale of real estate 23,583 (4,890 ) 18,693 71,299 (6,431 ) 64,868 Gain on sale of real estate, net of tax 790 — 790 13,338 — 13,338 Net Income 24,373 (4,890 ) 19,483 84,637 (6,431 ) 78,206 Net income attributable to noncontrolling interests (9,193 ) — (9,193 ) (24,510 ) — (24,510 ) Net Income Attributable to CPA ® :17 – Global $ 15,180 $ (4,890 ) $ 10,290 $ 60,127 $ (6,431 ) $ 53,696 Basic and Diluted Earnings Per Share $ 0.05 $ (0.02 ) $ 0.03 $ 0.19 $ (0.02 ) $ 0.17 Basic and Diluted Weighted-Average Shares Outstanding 325,550,047 325,550,047 322,692,768 322,692,768 Consolidated Statements of Comprehensive Income Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 As Reported Revisions As Revised As Reported Revisions As Revised Net Income $ 24,373 $ (4,890 ) $ 19,483 $ 84,637 $ (6,431 ) $ 78,206 Other Comprehensive Loss Foreign currency translation adjustments (61,105 ) 9,082 (52,023 ) (68,537 ) 10,444 (58,093 ) Change in net unrealized gain on derivative instruments 23,036 (4,192 ) 18,844 19,013 (4,510 ) 14,503 Change in unrealized gain on marketable securities 77 — 77 124 — 124 (37,992 ) 4,890 (33,102 ) (49,400 ) 5,934 (43,466 ) Comprehensive (Loss) Income (13,619 ) — (13,619 ) 35,237 (497 ) 34,740 Amounts Attributable to Noncontrolling Interests Net income (9,193 ) — (9,193 ) (24,510 ) — (24,510 ) Foreign currency translation adjustments 905 — 905 1,002 — 1,002 Change in net unrealized gain on derivative instruments (102 ) — (102 ) (411 ) — (411 ) Comprehensive income attributable to noncontrolling interests (8,390 ) — (8,390 ) (23,919 ) — (23,919 ) Comprehensive (Loss) Income Attributable to CPA ® :17 – Global $ (22,009 ) $ — $ (22,009 ) $ 11,318 $ (497 ) $ 10,821 Consolidated Statement of Equity CPA ® :17 – Global Balance at January 1, 2014 Total Outstanding Shares Common Stock Additional Paid-In Capital Distributions in Excess of Accumulated Earnings (a) Accumulated Other Comprehensive Loss Treasury Stock Total CPA ® :17 – Global Stockholders Noncontrolling Interests Total As Reported 317,353,899 $ 323 $ 2,904,927 $ (439,688 ) $ (5,275 ) $ (52,477 ) $ 2,407,810 $ 77,488 $ 2,485,298 Revisions — — — 8,593 (8,167 ) — 426 — 426 As Revised 317,353,899 $ 323 $ 2,904,927 $ (431,095 ) $ (13,442 ) $ (52,477 ) $ 2,408,236 $ 77,488 $ 2,485,724 __________ (a) The amount previously reported also reflects changes to prior period amounts related to the change in accounting for our investment in BG LLH, LLC, as more fully described in Note 3 .

Agreements and Transactions w25

Agreements and Transactions with Related Parties (Tables)	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following tables present a summary of fees we paid, expenses we reimbursed, and distributions we made to our 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, 2015 2014 2015 2014 Amounts Included in the Consolidated Statements of Income Asset management fees $ 7,422 $ 6,468 $ 21,864 $ 19,934 Available Cash Distributions 5,837 6,111 17,690 15,380 Personnel and overhead reimbursements 3,086 3,206 9,238 9,529 Interest expense on deferred acquisition fees and loan from affiliate 113 121 246 401 Acquisition expenses — — 430 1,191 $ 16,458 $ 15,906 $ 49,468 $ 46,435 Acquisition Fees Capitalized Current acquisition fees $ 563 $ 307 $ 5,500 $ 1,662 Deferred acquisition fees 450 247 4,182 937 $ 1,013 $ 554 $ 9,682 $ 2,599 The following table presents a summary of amounts included in Due to affiliates in the consolidated financial statements (in thousands): September 30, 2015 December 31, 2014 Due to Affiliates Deferred acquisition fees, including interest $ 4,604 $ 9,394 Reimbursable costs 3,107 228 Asset management fees payable 2,475 2,283 Accounts payable 157 527 Current acquisition fees 7 — Subordinated disposition fees — 202 $ 10,350 $ 12,634

Net Investments in Properties26

Net Investments in Properties and Real Estate Under Construction (Tables)	9 Months Ended
	Sep. 30, 2015
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, 2015 December 31, 2014 Land $ 556,885 $ 513,172 Buildings 2,036,204 1,883,543 Less: Accumulated depreciation (212,992 ) (175,478 ) $ 2,380,097 $ 2,221,237 Operating real estate, which consists of our domestic self-storage operations, at cost, is summarized as follows (in thousands): September 30, 2015 December 31, 2014 Land $ 66,066 $ 66,066 Buildings 208,157 206,793 Less: Accumulated depreciation (28,267 ) (22,217 ) $ 245,956 $ 250,642
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, 2015 December 31, 2014 Beginning balance $ 110,983 $ 127,935 Capitalized funds 20,916 74,420 Placed into service (130,334 ) (96,807 ) Capitalized interest 2,200 6,661 Foreign currency translation adjustments, building improvements, and other (1,492 ) (1,226 ) Ending balance $ 2,273 $ 110,983

Finance Receivables (Tables)

Finance Receivables (Tables)	9 Months Ended
	Sep. 30, 2015
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, 2015 December 31, 2014 September 30, 2015 December 31, 2014 1 — — $ — $ — 2 1 1 2,263 2,259 3 11 9 469,733 429,245 4 4 3 107,646 87,921 5 — — — — $ 579,642 $ 519,425

Equity Investments in Real Es28

Equity Investments in Real Estate (Tables)	9 Months Ended
	Sep. 30, 2015
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 September 30, 2015 September 30, 2015 December 31, 2014 Shelborne Property Associates, LLC (a) Third Party 33% $ 151,451 $ 152,801 C1000 Logistiek Vastgoed B.V. (b) (c) (d) WPC 85% 61,897 71,130 BPS Nevada, LLC (e) Third Party 15% 49,129 40,032 IDL Wheel Tenant, LLC (f) Third Party N/A 47,117 30,049 U-Haul Moving Partners, Inc. and Mercury Partners, LP WPC 12% 39,735 41,028 BG LLH, LLC Third Party 7% 39,723 42,587 Bank Pekao S.A. (b) (d) CPA ® :18 – Global 50% 27,029 31,045 State Farm CPA ® :18 – Global 50% 19,429 20,414 Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC (g) Third Party 45% 17,019 20,147 Berry Plastics Corporation WPC 50% 15,993 16,632 Apply Sørco AS (b) CPA ® :18 – Global 49% 15,406 19,076 Tesco plc (b) WPC 49% 12,380 14,194 Hellweg Die Profi-Baumärkte GmbH & Co. KG (referred to as Hellweg 2) (b) WPC 37% 9,595 9,935 Agrokor d.d. (referred to as Agrokor 5) (b) CPA ® :18 – Global 20% 7,975 8,760 Eroski Sociedad Cooperativa – Mallorca (b) WPC 30% 6,964 7,662 Dick’s Sporting Goods, Inc. WPC 45% 5,290 5,508 $ 526,132 $ 531,000 __________ (a) Represents a domestic ADC Arrangement. This investment is a VIE. There was no unfunded balance on the loan related to this investment at September 30, 2015 . (b) The carrying value of this investment is affected by the impact of fluctuations in the exchange rate of the applicable foreign currency. (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 $75.0 million and $82.7 million at September 30, 2015 and December 31, 2014 , respectively. Of these amounts, $63.8 million and $70.3 million represent the amounts we agreed to pay and are included within the carrying value of this investment at September 30, 2015 and December 31, 2014 , respectively. (d) The decrease in carrying value was partially due to distributions made to us. (e) See Acquisition of Equity Investment below. (f) Represents a domestic ADC Arrangement. This investment is a VIE. We provided funding of $18.3 million to this investment and capitalized $0.6 million of interest related to the investment during the nine months ended September 30, 2015 . There was no unfunded balance on the loan related to this investment at September 30, 2015 . (g) 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.

Intangible Assets and Liabili29

Intangible Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
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, 2015 , we recorded net lease intangibles comprised as follows (life in years, dollars in thousands): Weighted-Average Life Amount Amortizable Intangible Assets In-place lease 14.5 $ 45,714 Above-market rent 10.0 587 $ 46,301 Amortizable Intangible Liabilities Below-market rent 22.1 $ (1,792 )
Schedule Of Intangible Assets and Liabilities	Intangible assets and liabilities are summarized as follows (in thousands): September 30, 2015 December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable Intangible Assets In-place lease and tenant relationship $ 584,888 $ (146,485 ) $ 438,403 $ 551,569 $ (119,125 ) $ 432,444 Above-market rent 89,558 (19,531 ) 70,027 92,548 (16,539 ) 76,009 Below-market ground leases 7,121 (288 ) 6,833 7,124 (199 ) 6,925 681,567 (166,304 ) 515,263 651,241 (135,863 ) 515,378 Unamortizable Intangible Assets Goodwill 304 — 304 304 — 304 Total intangible assets $ 681,871 $ (166,304 ) $ 515,567 $ 651,545 $ (135,863 ) $ 515,682 Amortizable Intangible Liabilities Below-market rent $ (117,399 ) $ 17,710 $ (99,689 ) $ (116,887 ) $ 13,293 $ (103,594 ) Above-market ground lease (1,145 ) 28 (1,117 ) (1,145 ) 17 (1,128 ) Total intangible liabilities $ (118,544 ) $ 17,738 $ (100,806 ) $ (118,032 ) $ 13,310 $ (104,722 )
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Based on the intangible assets and liabilities recorded at September 30, 2015 , scheduled annual net amortization of intangibles for the remainder of 2015 , each of the next four calendar years following December 31, 2015 , and thereafter is as follows (in thousands): Years Ending December 31, Net Increase in Rental Income Increase to Amortization/Property Expenses Net 2015 (remaining) $ (327 ) $ 9,636 $ 9,309 2016 (480 ) 34,636 34,156 2017 (252 ) 32,051 31,799 2018 (229 ) 31,949 31,720 2019 (220 ) 31,903 31,683 Thereafter (28,154 ) 303,944 275,790 $ (29,662 ) $ 444,119 $ 414,457

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule Of Other Financial Instruments In Carrying Values And Fair Values	Our other financial instruments had the following carrying values and fair values as of the dates shown (dollars in thousands): September 30, 2015 December 31, 2014 Level Carrying Value Fair Value Carrying Value Fair Value Non-recourse debt (a) 3 $ 1,850,842 $ 1,896,434 $ 1,896,489 $ 1,961,905 Senior Credit Facility (b) 2 53,706 53,706 — — Loans receivable (a) 3 83,294 83,294 40,000 41,990 Other securities (c) 3 6,650 9,059 9,381 9,649 Deferred acquisition fees payable (d) 3 4,451 4,488 9,009 10,077 CMBS (e) 3 2,585 8,392 3,053 8,899 ___________ (a) We determined the estimated fair value of our non-recourse debt 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. Additionally, for our loans receivable with China Alliance Properties Limited, 127 West 23rd Manager, LLC and 1185 Broadway LLC, we estimated that the fair values of the loans receivable approximated their carrying values. (b) We determined the estimated fair value of our Senior Credit Facility ( Note 11 ) using a discounted cash flow model with rates that take into account the market-based credit spread and our credit quality. (c) Amounts at September 30, 2015 and December 31, 2014 primarily reflect our interest in a foreign debenture, which is included in Other assets, net in the consolidated financial statements. (d) 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 of 205 basis points and an illiquidity adjustment of 75 basis points. Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement. (e) The carrying value of our commercial mortgage-backed securities, or CMBS, is inclusive of impairment charges recognized during the nine months ended September 30, 2015 and the three and nine months ended September 30, 2014 , as well as accretion related to the estimated cash flows expected to be received. There were no purchases, sales, or impairment charges recognized during the three months ended September 30, 2015 .
Schedule Of Fair Value Impairment Charges Using Unobservable Inputs Nonrecurring Basis	The following table presents information about our assets that were measured at fair value on a non-recurring basis (in thousands): Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Fair Value Measurements Total Impairment Charges Fair Value Total Impairment Charges Impairment Charges CMBS $ — $ — $ 187 $ 127 Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 Fair Value Total Fair Value Total Impairment Charges CMBS $ 1,478 $ 1,023 $ 187 $ 127

Risk Management and Use of De31

Risk Management and Use of Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table sets forth certain information regarding our derivative instruments (in thousands): Derivatives Designated as Hedging Instruments Asset Derivatives Fair Value at Liability Derivatives Fair Value at Balance Sheet Location September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 Foreign currency forward contracts Other assets, net $ 39,466 $ 24,051 $ — $ — Interest rate swaps Other assets, net — 71 — — Interest rate swaps Accounts payable, accrued expenses and other liabilities — — (13,691 ) (14,554 ) Derivatives Not Designated as Hedging Instruments Foreign currency forward contracts Other assets, net — 5,120 — — Stock warrants Other assets, net 1,914 1,848 — — Swaption Other assets, net 328 505 — — Embedded credit derivatives Other assets, net 58 499 — — Foreign currency forward contracts Accounts payable, accrued expenses and other liabilities — — — (2,904 ) Total derivatives $ 41,766 $ 32,094 $ (13,691 ) $ (17,458 )
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 on Derivatives in Other Comprehensive Loss (Effective Portion) Three Months Ended September 30, Nine Months Ended September 30, Derivatives in Cash Flow Hedging Relationships 2015 2014 2015 2014 Interest rate swaps $ (2,110 ) $ 500 $ (43 ) $ (3,920 ) Foreign currency forward contracts (978 ) 18,208 15,626 17,799 Interest rate cap (a) — 227 — 913 Foreign currency collars — (91 ) — (290 ) Derivatives in Net Investment Hedging Relationships (b) Foreign currency forward contracts (20 ) — 366 — Derivatives Formerly in Net Investment Hedging Relationships (c) Foreign currency forward contracts — 4,192 — 4,511 Total $ (3,108 ) $ 23,036 $ 15,949 $ 19,013 Amount of Gain (Loss) Reclassified from Other Comprehensive Loss into Income (Effective Portion) Derivatives in Cash Flow Hedging Relationships Location of Gain (Loss) Reclassified to Income Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Foreign currency forward contracts Other income and (expenses) $ 2,296 $ 526 $ 6,662 $ 425 Interest rate swaps Interest expense (1,913 ) (1,811 ) (6,044 ) (5,259 ) Interest rate cap Interest expense — (226 ) — (913 ) Foreign currency collars Other income and (expenses) — 557 — 751 Total $ 383 $ (954 ) $ 618 $ (4,996 ) __________ (a) Includes gains attributable to a noncontrolling interest of $0.1 million and $0.4 million for the three and nine months ended September 30, 2014 , respectively. (b) The effective portion of the change in fair value and the settlement of these contracts are reported in the foreign currency translation adjustment section of Other comprehensive loss until the underlying investment is sold, at which time we reclassify the gain or loss to earnings. (c) In September 2014, a new forward contract was executed to offset this existing forward contract. 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 until the underlying investment is sold, at which time we will reclassify the gain or loss to earnings. The forward contract matured during the three months ended September 30, 2015.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following table presents the impact of our derivative instruments in the consolidated financial statements (in thousands): Amount of Gain (Loss) on Derivatives Recognized in Income Derivatives Not in Cash Flow Hedging Relationships Location of Gain (Loss) Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Swaption Other income and (expenses) $ (212 ) $ (83 ) $ (177 ) $ (512 ) Embedded credit derivatives Other income and (expenses) (26 ) 725 235 1,006 Foreign currency forward contracts Other income and (expenses) — 445 (16 ) 327 Stock warrants Other income and (expenses) — 132 66 66 Derivatives in Cash Flow Hedging Relationships Interest rate swaps (a) Interest expense 61 91 233 216 Total $ (177 ) $ 1,310 $ 341 $ 1,103 __________ (a) Relates to the ineffective portion of the hedging relationship.
Schedule of Derivative Instruments	The following table presents the foreign currency derivative contracts we had outstanding and their designations at September 30, 2015 (currency in thousands): Foreign Currency Derivatives Number of Instruments Notional Amount Fair Value at September 30, 2015 (a) Designated as Cash Flow Hedging Instruments Foreign currency forward contracts 83 164,667 EUR $ 34,886 Foreign currency forward contracts 17 12,239 NOK 215 Designated as Net Investment Hedging Instruments Foreign currency forward contracts 10 1,031,827 JPY 4,225 Foreign currency forward contracts 5 7,996 NOK 140 $ 39,466 __________ (a) Fair value amounts are based on the exchange rate of the euro, the Norwegian krone, or the Japanese yen, as applicable, at September 30, 2015 . The interest rate swaps and swaption that our consolidated subsidiaries had outstanding at September 30, 2015 are summarized as follows (currency in thousands): Interest Rate Derivatives Number of Instruments Notional Amount Fair Value at September 30, 2015 (a) Designated as Cash Flow Hedging Instruments Interest rate swaps 13 232,486 USD $ (9,129 ) Interest rate swaps 7 190,447 EUR (4,562 ) Not Designated as Hedging Instrument Swaption 1 13,230 USD 328 $ (13,363 ) __________ (a) Fair value amount is based on the exchange rate of the euro at September 30, 2015 , as applicable. The interest rate swap that one of our unconsolidated jointly-owned investments had outstanding at September 30, 2015 , which was designated as a cash flow hedge, is summarized as follows (currency in thousands): Interest Rate Derivative Ownership Interest in Investee at September 30, 2015 Number of Instruments Notional Amount Fair Value at September 30, 2015 (a) Interest rate swap 85% 1 11,252 EUR $ (531 ) __________ (a) Fair value amount is based on the exchange rate of the euro at September 30, 2015 .

Non-Recourse Debt (Tables)

Non-Recourse Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Debt	Scheduled debt principal payments during the remainder of 2015 , each of the next four calendar years following December 31, 2015 , and thereafter are as follows (in thousands): Years Ending December 31, Total 2015 (remainder) $ 6,072 2016 233,447 2017 346,598 2018 (a) 197,918 2019 38,556 Thereafter through 2039 1,084,377 1,906,968 Unamortized discount, net (2,420 ) Total $ 1,904,548 __________ (a) Includes $53.8 million outstanding under our Senior Credit Facility, which is scheduled to mature on August 26, 2018 , unless extended pursuant to its terms.

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2015
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, 2015 Gains and Losses on Derivative Instruments Gains and Losses on Marketable Securities Foreign Currency Translation Adjustments Total Beginning balance $ 26,118 $ (92 ) $ (147,368 ) $ (121,342 ) Other comprehensive (loss) income before reclassifications (2,759 ) 7 (1,100 ) (3,852 ) Amounts reclassified from accumulated other comprehensive loss to: Interest expense 1,913 — — 1,913 Other income and (expenses) (2,296 ) — — (2,296 ) Total (383 ) — — (383 ) Net current-period Other comprehensive (loss) income (3,142 ) 7 (1,100 ) (4,235 ) Net current-period Other comprehensive income attributable to noncontrolling interests — — (103 ) (103 ) Ending balance $ 22,976 $ (85 ) $ (148,571 ) $ (125,680 ) Three Months Ended September 30, 2014 Gains and Losses Gains and Losses on Marketable Securities Foreign Currency Translation Adjustments Total Beginning balance $ (21,367 ) $ (344 ) $ (2,307 ) $ (24,018 ) Other comprehensive (loss) income before reclassifications 17,890 77 (52,023 ) (34,056 ) 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 (loss) income 18,844 77 (52,023 ) (33,102 ) Net current-period Other comprehensive (income) loss attributable to noncontrolling interests (102 ) — 905 803 Ending balance $ (2,625 ) $ (267 ) $ (53,425 ) $ (56,317 ) Nine Months Ended September 30, 2015 Gains and Losses on Derivative Instruments Gains and Losses on Marketable Securities Foreign Currency Translation Adjustments Total Beginning balance $ 7,311 $ (106 ) $ (88,212 ) $ (81,007 ) Other comprehensive income (loss) before reclassifications 16,283 21 (60,990 ) (44,686 ) Amounts reclassified from accumulated other comprehensive loss to: Interest expense 6,044 — — 6,044 Other income and (expenses) (6,662 ) — — (6,662 ) Total (618 ) — — (618 ) Net current-period Other comprehensive income (loss) 15,665 21 (60,990 ) (45,304 ) Net current-period Other comprehensive loss attributable to noncontrolling interests — — 631 631 Ending balance $ 22,976 $ (85 ) $ (148,571 ) $ (125,680 ) Nine Months Ended September 30, 2014 Gains and Losses on Derivative Instruments Gains and Losses on Marketable Securities Foreign Currency Translation Adjustments Total Beginning balance $ (16,717 ) $ (391 ) $ 3,666 $ (13,442 ) Other comprehensive (loss) income before reclassifications 9,507 124 (58,093 ) (48,462 ) 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 (loss) income 14,503 124 (58,093 ) (43,466 ) Net current-period Other comprehensive (income) loss attributable to noncontrolling interests (411 ) — 1,002 591 Ending balance $ (2,625 ) $ (267 ) $ (53,425 ) $ (56,317 )

Organization (Narratives) (Deta

Organization (Narratives) (Details) ft² in Millions	Sep. 30, 2015ft²propertytenant
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of tenants | tenant	113
Square footage of real estate properties | ft²	40
Real Estate Properties
Number of real estate properties	375
Capital interest in operating partnership	99.99%
Operating real estate
Real Estate Properties
Number of real estate properties	72
Square footage of operating properties | ft²	5
Self storage
Real Estate Properties
Number of real estate properties	71
Hotel
Real Estate Properties
Number of real estate properties	1

Revisions of Previously-Issue35

Revisions of Previously-Issued Financial Statements (Narratives) (Details) - USD ($) $ in Thousands	Jan. 01, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Equity in (losses) earnings of equity method investments in real estate		$ (1,078)	$ 2,052	$ 6,625	$ 9,230
Other income and (expenses)		2,108	(2,687)	2,917	(1,835)
Beginning equity balance, value	$ 2,485,724			2,385,397	2,485,724
Change in net unrealized gain on derivative instruments		(3,142)	18,844	15,665	14,503
Provision for income taxes		$ 1,676	2,651	4,441	5,960
Net cash provided by operating activities				185,087	152,785
Net cash used in investing activities				(280,762)	(140,321)
Revisions
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Equity in (losses) earnings of equity method investments in real estate			0		(547)
Other income and (expenses)			(4,890)		(5,936)
Beginning equity balance, value	426				426
Change in net unrealized gain on derivative instruments			(4,192)		(4,510)
Provision for income taxes			$ 0		(52)
Net cash provided by operating activities					(500)
Net cash used in investing activities					(500)
Distributions in Excess of Accumulated Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning equity balance, value	(431,095)			(567,806)	(431,095)
Adjustment to prior period balances	500
Distributions in Excess of Accumulated Earnings | Revisions
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning equity balance, value	8,593				8,593
Distributions in Excess of Accumulated Earnings | Revisions | Foreign currency translation
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning equity balance, value	(8,100)				(8,100)
Accumulated Other Comprehensive Loss
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning equity balance, value	(13,442)			(81,007)	(13,442)
Change in net unrealized gain on derivative instruments				$ 15,665	14,092
Adjustment to prior period balances	100
Accumulated Other Comprehensive Loss | Revisions
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning equity balance, value	(8,167)				(8,167)
Accumulated Other Comprehensive Loss | Revisions | Foreign currency translation
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning equity balance, value	$ (8,100)				$ (8,100)

Revisions of Previously-Issue36

Revisions of Previously-Issued Financial Statements (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Total revenues	$ 108,202	$ 97,987	$ 316,620	$ 297,923
Operating Expenses
Total operating expenses	54,253	52,313	162,156	164,202
Other Income and Expenses
Equity in earnings of equity method investments in real estate	(1,078)	2,052	6,625	9,230
Other income and (expenses)	2,108	(2,687)	2,917	(1,835)
Interest expense	(24,104)	(23,695)	(69,346)	(70,288)
Nonoperating income expense	(23,074)	(24,330)	(59,804)	(62,893)
Income before income taxes and gain on sale of real estate	30,875	21,344	94,660	70,828
Provision for income taxes	(1,676)	(2,651)	(4,441)	(5,960)
Income before gain on sale of real estate	29,199	18,693	90,219	64,868
Gain on sale of real estate, net of tax	0	790	2,197	13,338
Net Income	29,199	19,483	92,416	78,206
Net income attributable to noncontrolling interests	(9,147)	(9,193)	(29,345)	(24,510)
Net income attributable to CPA:17 - Global	$ 20,052	$ 10,290	$ 63,071	$ 53,696
Net income attributable to CPA:17 - Global (usd per share)		$ 0.03		$ 0.17
Weighted-Average Shares Outstanding		325,550,047		322,692,768
As Reported
Revenues
Total revenues		$ 97,987		$ 297,923
Operating Expenses
Total operating expenses		52,313		164,202
Other Income and Expenses
Equity in earnings of equity method investments in real estate		2,052		9,777
Other income and (expenses)		2,203		4,101
Interest expense		(23,695)		(70,288)
Nonoperating income expense		(19,440)		(56,410)
Income before income taxes and gain on sale of real estate		26,234		77,311
Provision for income taxes		(2,651)		(6,012)
Income before gain on sale of real estate		23,583		71,299
Gain on sale of real estate, net of tax		790		13,338
Net Income		24,373		84,637
Net income attributable to noncontrolling interests		(9,193)		(24,510)
Net income attributable to CPA:17 - Global		$ 15,180		$ 60,127
Net income attributable to CPA:17 - Global (usd per share)		$ 0.05		$ 0.19
Weighted-Average Shares Outstanding		325,550,047		322,692,768
Revisions
Revenues
Total revenues		$ 0		$ 0
Operating Expenses
Total operating expenses		0		0
Other Income and Expenses
Equity in earnings of equity method investments in real estate		0		(547)
Other income and (expenses)		(4,890)		(5,936)
Interest expense		0		0
Nonoperating income expense		(4,890)		(6,483)
Income before income taxes and gain on sale of real estate		(4,890)		(6,483)
Provision for income taxes		0		52
Income before gain on sale of real estate		(4,890)		(6,431)
Gain on sale of real estate, net of tax		0		0
Net Income		(4,890)		(6,431)
Net income attributable to noncontrolling interests		0		0
Net income attributable to CPA:17 - Global		$ (4,890)		$ (6,431)
Net income attributable to CPA:17 - Global (usd per share)		$ (0.02)		$ (0.02)

Revisions of Previously-Issue37

Revisions of Previously-Issued Financial Statements (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income
Net Income	$ 29,199	$ 19,483	$ 92,416	$ 78,206
Other Comprehensive Loss
Foreign currency translation adjustments	(1,100)	(52,023)	(60,990)	(58,093)
Change in net unrealized gain on derivative instruments	(3,142)	18,844	15,665	14,503
Change in unrealized gain on marketable securities	7	77	21	124
Total other comprehensive income (loss)	(4,235)	(33,102)	(45,304)	(43,466)
Comprehensive Income	24,964	(13,619)	47,112	34,740
Amounts Attributable to Noncontrolling Interests
Net income	(9,147)	(9,193)	(29,345)	(24,510)
Foreign currency translation adjustments	(103)	905	631	1,002
Change in net unrealized gain on derivative instruments	0	(102)	0	(411)
Comprehensive income attributable to noncontrolling interests	(9,250)	(8,390)	(28,714)	(23,919)
Comprehensive Income Attributable to CPA:17 - Global	$ 15,714	(22,009)	$ 18,398	10,821
As Reported
Statement of Comprehensive Income
Net Income		24,373		84,637
Other Comprehensive Loss
Foreign currency translation adjustments		(61,105)		(68,537)
Change in net unrealized gain on derivative instruments		23,036		19,013
Change in unrealized gain on marketable securities		77		124
Total other comprehensive income (loss)		(37,992)		(49,400)
Comprehensive Income		(13,619)		35,237
Amounts Attributable to Noncontrolling Interests
Net income		(9,193)		(24,510)
Foreign currency translation adjustments		905		1,002
Change in net unrealized gain on derivative instruments		(102)		(411)
Comprehensive income attributable to noncontrolling interests		(8,390)		(23,919)
Comprehensive Income Attributable to CPA:17 - Global		(22,009)		11,318
Revisions
Statement of Comprehensive Income
Net Income		(4,890)		(6,431)
Other Comprehensive Loss
Foreign currency translation adjustments		9,082		10,444
Change in net unrealized gain on derivative instruments		(4,192)		(4,510)
Change in unrealized gain on marketable securities		0		0
Total other comprehensive income (loss)		4,890		5,934
Comprehensive Income		0		(497)
Amounts Attributable to Noncontrolling Interests
Net income		0		0
Foreign currency translation adjustments		0		0
Change in net unrealized gain on derivative instruments		0		0
Comprehensive income attributable to noncontrolling interests		0		0
Comprehensive Income Attributable to CPA:17 - Global		$ 0		$ (497)

Revisions of Previously-Issue38

Revisions of Previously-Issued Financial Statements (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Statement of Equity
Beginning equity balance, value	$ 2,385,397	$ 2,419,141	$ 2,485,724
Beginning equity balance, shares	328,480,839
Common Stock
Statement of Equity
Beginning equity balance, value	$ 337	$ 333	$ 323
Beginning equity balance, shares	328,480,839	325,903,988	317,353,899
Additional Paid-In-Capital
Statement of Equity
Beginning equity balance, value	$ 3,033,283	$ 3,000,659	$ 2,904,927
Distributions in Excess of Accumulated Earnings
Statement of Equity
Beginning equity balance, value	(567,806)	(534,884)	(431,095)
Accumulated Other Comprehensive Loss
Statement of Equity
Beginning equity balance, value	(81,007)	(56,317)	(13,442)
Treasury Stock
Statement of Equity
Beginning equity balance, value	(77,852)	(68,812)	(52,477)
Total CPA:17 - Global Stockholders
Statement of Equity
Beginning equity balance, value	2,306,955	2,340,979	2,408,236
Noncontrolling Interest
Statement of Equity
Beginning equity balance, value	$ 78,442	$ 78,162	77,488
As Reported
Statement of Equity
Beginning equity balance, value			2,485,298
As Reported | Common Stock
Statement of Equity
Beginning equity balance, value			$ 323
Beginning equity balance, shares			317,353,899
As Reported | Additional Paid-In-Capital
Statement of Equity
Beginning equity balance, value			$ 2,904,927
As Reported | Distributions in Excess of Accumulated Earnings
Statement of Equity
Beginning equity balance, value			(439,688)
As Reported | Accumulated Other Comprehensive Loss
Statement of Equity
Beginning equity balance, value			(5,275)
As Reported | Treasury Stock
Statement of Equity
Beginning equity balance, value			(52,477)
As Reported | Total CPA:17 - Global Stockholders
Statement of Equity
Beginning equity balance, value			2,407,810
As Reported | Noncontrolling Interest
Statement of Equity
Beginning equity balance, value			77,488
Revisions
Statement of Equity
Beginning equity balance, value			426
Revisions | Common Stock
Statement of Equity
Beginning equity balance, value			$ 0
Beginning equity balance, shares			0
Revisions | Additional Paid-In-Capital
Statement of Equity
Beginning equity balance, value			$ 0
Revisions | Distributions in Excess of Accumulated Earnings
Statement of Equity
Beginning equity balance, value			8,593
Revisions | Accumulated Other Comprehensive Loss
Statement of Equity
Beginning equity balance, value			(8,167)
Revisions | Treasury Stock
Statement of Equity
Beginning equity balance, value			0
Revisions | Total CPA:17 - Global Stockholders
Statement of Equity
Beginning equity balance, value			426
Revisions | Noncontrolling Interest
Statement of Equity
Beginning equity balance, value			$ 0

Basis Of Presentation (Narrativ

Basis Of Presentation (Narratives) (Details) $ in Millions	Sep. 30, 2015	Dec. 31, 2013USD ($)
Accounting Policies [Abstract]
Variable interest entities, count	8
Impact of restatement on opening retained earnings		$ 1.3

Agreements and Transactions w40

Agreements and Transactions with Related Parties (Narratives) (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 26, 2015	Jul. 14, 2015	Jul. 01, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Mar. 31, 2015
Acquisitions and Disposition Fees
Preferred return by advisor				5.00%
Interest rate on unpaid deferred acquisition fees				5.00%
Asset Management Fees and Available Cash Distributions
Net asset value						$ 9.72
Percentage of asset management fees paid in cash				50.00%
Percentage of asset management fees paid in shares				50.00%		100.00%
Common stock shares outstanding				334,976,075		328,480,839
Percentage of available cash distribution to advisor				10.00%
Personnel And Office Rent Reimbursement
Maximum personnel and overhead reimbursement, percentage				2.40%
Legal fee reimbursement rate				0.25%
Line of credit, maximum borrowing capacity	$ 250,000			$ 196,200
Notes payable related party		$ 15,000	$ 10,000
Interest rate on debt		1.10%	1.10%
Repayment of notes payable to affiliate	$ 25,000			$ 25,000	$ 0
Debt maturity date		Dec. 30, 2015	Dec. 30, 2015
Adjusted net income
Personnel And Office Rent Reimbursement
Percentage of operating expenses reimbursements				25.00%
Average invested assets
Personnel And Office Rent Reimbursement
Percentage of operating expenses reimbursements				2.00%
Long-term net lease
Acquisitions and Disposition Fees
Percentage of acquisition fees				4.50%
Long-term net lease | Average market value
Asset Management Fees and Available Cash Distributions
Percentage of asset management fees				0.50%
Long-term net lease | Current
Acquisitions and Disposition Fees
Percentage of acquisition fees				2.50%
Long-term net lease | Deferred
Acquisitions and Disposition Fees
Percentage of acquisition fees				2.00%
Minimum
Personnel And Office Rent Reimbursement
Debt maturity date				Aug. 31, 2016
Ownership interest, percentage				7.00%
Minimum | Average equity value
Asset Management Fees and Available Cash Distributions
Percentage of asset management fees				1.50%
Maximum
Personnel And Office Rent Reimbursement
Debt maturity date				Aug. 31, 2039
Ownership interest, percentage				97.00%
Maximum | Real estate commission
Acquisitions and Disposition Fees
Percentage of subordinated disposition fees				50.00%
Maximum | Average equity value
Asset Management Fees and Available Cash Distributions
Percentage of asset management fees				1.75%
Maximum | Contract sales price of investment
Acquisitions and Disposition Fees
Percentage of subordinated disposition fees				3.00%
Maximum | Non-long term net lease
Acquisitions and Disposition Fees
Percentage of acquisition fees				1.75%
Advisor
Asset Management Fees and Available Cash Distributions
Common stock shares outstanding				10,029,140
Percentage of total common stock outstanding held by related party				3.00%
WPC
Personnel And Office Rent Reimbursement
Line of credit, maximum borrowing capacity							$ 75,000
2,016
Personnel And Office Rent Reimbursement
Maximum personnel and overhead reimbursement, percentage				2.20%
Post 2,016
Personnel And Office Rent Reimbursement
Maximum personnel and overhead reimbursement, percentage				2.00%

Agreements and Transactions w41

Agreements and Transactions with Related Parties (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Amounts Included in the Consolidated Statements of Income
Asset management fees	$ 7,422	$ 6,468	$ 21,864	$ 19,934
Available Cash Distributions	5,837	6,111	17,690	15,380
Personnel and overhead reimbursements	3,086	3,206	9,238	9,529
Interest expense on deferred acquisition fees and loan from affiliate	113	121	246	401
Acquisition expenses	0	0	430	1,191
Operating expenses	16,458	15,906	49,468	46,435
Acquisition Fees Capitalized
Current acquisition fees	563	307	5,500	1,662
Deferred acquisition fees	450	247	4,182	937
Transaction fees incurred	$ 1,013	$ 554	$ 9,682	$ 2,599

Agreements and Transactions w42

Agreements and Transactions with Related Parties (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Due to Affiliates
Deferred acquisition fees, including interest	$ 4,604	$ 9,394
Reimbursable costs	3,107	228
Asset management fees payable	2,475	2,283
Accounts payable	157	527
Current acquisition fees	7	0
Subordinated disposition fees	0	202
Due to Related Parties	$ 10,350	$ 12,634

Net Investments in Properties43

Net Investments in Properties and Real Estate Under Construction (Narratives) (Details) $ in Thousands	Jul. 09, 2015USD ($)	Jun. 26, 2015USD ($)property	Feb. 26, 2015USD ($)property	Jan. 16, 2015USD ($)	Apr. 24, 2014USD ($)	Sep. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Sep. 30, 2015USD ($)property	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)property
Foreign Currency Translation
Effects of foreign currency translation on balance sheet item						$ (1,100)		$ (52,023)		$ (60,990)	$ (58,093)
Acquisition
Acquired finite-lived intangible asset, amount										46,301
Acquisition-related cost and fees, capitalized						1,013		$ 554		$ 9,682	$ 2,599
Number of construction projects put in service | property										4		4
Construction loan						1,800				$ 1,800
Number of open construction projects | property										3
Ishops
Acquisition
Gain on the sale of property					$ 14,600		$ 2,200		$ 12,400
Deferred gain on the sale of property					$ 2,200
Real estate
Foreign Currency Translation
Effects of foreign currency translation on balance sheet item										$ (67,000)
Acquisition
Investment purchase price										177,200
Acquired finite-lived intangible asset, amount										44,500
Acquisition-related cost and fees, capitalized										8,300
Additional funding for building improvements										$ 4,000
Real estate | Office facility in San Antonio, TX
Acquisition
Investment purchase price				$ 22,200
Real estate | Warehouse facility in Mszczonów and Tomaszów Mazowiecki, Poland
Acquisition
Investment purchase price			$ 63,800
Number of properties acquired | property			2
Real estate | Bon-Ton Retail facilities
Acquisition
Investment purchase price		$ 68,800
Number of properties acquired | property		4
Real estate | Warehouse facility in Sered, Slovakia
Acquisition
Investment purchase price	$ 22,400
Real estate under construction
Acquisition
Number of properties acquired												7
Number of construction projects put in service | property										3		1
Assets placed into service, value										$ 130,334		$ 96,807
Capitalized interest										2,200		6,661
Capitalized funds										20,916		$ 74,420
Number of open construction projects | property												3
Unfunded commitments						$ 3,600				3,600		$ 12,500
Ongoing Build-to-Suit Projects | Real estate under construction
Acquisition
Capitalized funds										$ 7,000
Number of open construction projects | property										3
New Build-to-Suit Projects | Real estate under construction
Acquisition
Capitalized funds										$ 11,800
Number of open construction projects | property										1
Completed construction projects put in service
Acquisition
Number of construction projects put in service | property										1		3
Completed construction projects put in service | Real estate
Acquisition
Transfer of assets noncash												$ 81,900
Partially completed projects put in service | Operating real estate
Acquisition
Transfer of assets noncash												$ 14,900

Net Investments in Properties44

Net Investments in Properties and Real Estate Under Construction (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Investments in real estate
Less: Accumulated depreciation	$ (241,259)	$ (197,695)
Net investments in properties	2,626,053	2,471,879
Real estate
Investments in real estate
Land	556,885	513,172
Buildings	2,036,204	1,883,543
Less: Accumulated depreciation	(212,992)	(175,478)
Net investments in properties	2,380,097	2,221,237
Operating real estate
Investments in real estate
Land	66,066	66,066
Buildings	208,157	206,793
Less: Accumulated depreciation	(28,267)	(22,217)
Net investments in properties	$ 245,956	$ 250,642

Net Investments in Properties45

Net Investments in Properties and Real Estate Under Construction (Details 2) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Real Estate Under Construction
Beginning balance	$ 110,983
Ending balance	2,273	$ 110,983
Real estate under construction
Real Estate Under Construction
Beginning balance	110,983	127,935
Capitalized funds	20,916	74,420
Placed into service	(130,334)	(96,807)
Capitalized interest	2,200	6,661
Foreign currency translation adjustments, building improvements, and other	(1,492)	(1,226)
Ending balance	$ 2,273	$ 110,983

Finance Receivables (Narratives

Finance Receivables (Narratives) (Details) $ in Thousands	Feb. 03, 2015USD ($)	Jan. 08, 2015USD ($)	Dec. 14, 2010USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Jun. 26, 2015USD ($)property	Dec. 31, 2014USD ($)
Accounts, Notes, Loans and Financing Receivable
Net investments in direct financing leases				$ 496,348		$ 496,348			$ 479,425
Financing receivable				579,642		579,642			519,425
Acquisition costs, expensed				0	$ 0	643	$ 1,401
Notes receivable maturity date	Feb. 3, 2016	Jan. 8, 2016
AR billed under DFL				300		300			600
Retail Facilities
Accounts, Notes, Loans and Financing Receivable
Number of properties acquired | property								2
Net investments in direct financing leases								$ 18,600
Acquisition Fees Capitalized								$ 1,200
127 West 23rd Investors, LLC
Accounts, Notes, Loans and Financing Receivable
Financing receivable	$ 12,600			12,600		12,600
Notes receivable interest rate	7.00%
Acquisition costs, expensed	$ 100
1185 Broadway LLC
Accounts, Notes, Loans and Financing Receivable
Financing receivable		$ 30,000		30,700		30,700
Notes receivable interest rate		10.00%
Acquisition costs, expensed		$ 300
China Alliance Properties Limited
Accounts, Notes, Loans and Financing Receivable
Financing receivable			$ 40,000	$ 40,000		$ 40,000			$ 40,000
Notes receivable interest rate			11.00%
Notes receivable maturity date			Dec. 14, 2015

Finance Receivables (Details 1)

Finance Receivables (Details 1) $ in Thousands	Sep. 30, 2015USD ($)tenant	Dec. 31, 2014USD ($)tenant
Credit Quality Of Finanace Receivables:
Financing receivable	$ 579,642	$ 519,425
Internally Assigned Grade 1 | Net investments in direct financing lease
Credit Quality Of Finanace Receivables:
Number of tenants and obligors | tenant	0	0
Financing receivable	$ 0	$ 0
Internally Assigned Grade 2 | Net investments in direct financing lease
Credit Quality Of Finanace Receivables:
Number of tenants and obligors | tenant	1	1
Financing receivable	$ 2,263	$ 2,259
Internally Assigned Grade 3 | Net investments in direct financing lease
Credit Quality Of Finanace Receivables:
Number of tenants and obligors | tenant	11	9
Financing receivable	$ 469,733	$ 429,245
Internally Assigned Grade 4 | Net investments in direct financing lease
Credit Quality Of Finanace Receivables:
Number of tenants and obligors | tenant	4	3
Financing receivable	$ 107,646	$ 87,921
Internally Assigned Grade 5 | Net investments in direct financing lease
Credit Quality Of Finanace Receivables:
Number of tenants and obligors | tenant	0	0
Financing receivable	$ 0	$ 0

Equity Investments in Real Es48

Equity Investments in Real Estate (Narratives) (Details) - USD ($) $ in Thousands	Feb. 02, 2015	Nov. 19, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Footnote Details
Non-recourse mortgage loans			$ 108,200		$ 108,200
Payments to Acquire Equity Method Investments					33,951	$ 157,050
Equity in (losses) earnings of equity method investments in real estate			(1,078)	$ 2,052	6,625	9,230
Proceeds from equity method investment					20,434	75,060
Unamortized basis differences on our equity investments			27,900		27,900		$ 31,000
Amortization of the basis difference			1,200	1,200	3,100	3,100
Acquisition costs, expensed			0	$ 0	643	1,401
Equity investments in real estate			526,132		526,132		531,000
Unconsolidated Equity Investments
Footnote Details
Proceeds from equity method investment					31,000	$ 20,600
BPS Nevada, LLC
Footnote Details
Equity in (losses) earnings of equity method investments in real estate					3,000
Acquisition costs, expensed	$ 100	$ 200
Ownership interest, percentage		15.00%
Increase in equity method investments	$ 9,100
Equity investments in real estate		$ 18,200
Third Party | Shelborne Property Associates, LLC
Footnote Details
Unfunded commitments			$ 0		$ 0
Ownership interest, percentage			33.00%		33.00%
Equity investments in real estate			$ 151,451		$ 151,451		152,801
Third Party | IDL Wheel Tenant, LLC
Footnote Details
Capitalized interest					600
Unfunded commitments			0		0
Payments to Acquire Equity Method Investments					18,300
Equity investments in real estate			$ 47,117		$ 47,117		30,049
Third Party | Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC
Footnote Details
Indirect ownership interest in equity investments			40.00%		40.00%
Ownership interest, percentage			45.00%		45.00%
Equity investments in real estate			$ 17,019		$ 17,019		20,147
Third Party | BPS Nevada, LLC
Footnote Details
Ownership interest, percentage			15.00%		15.00%
Equity investments in real estate			$ 49,129		$ 49,129		40,032
WPC | C1000 Logistiek Vastgooed B.V
Footnote Details
Non-recourse mortgage loans			75,000		75,000		82,700
Share of the non-recourse debt			$ 63,800		$ 63,800		70,300
Ownership interest, percentage			85.00%		85.00%
Equity investments in real estate			$ 61,897		$ 61,897		$ 71,130

Equity Investments in Real Es49

Equity Investments in Real Estate (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Nov. 19, 2014
Ownership interest in equity investments:
Equity investments in real estate	$ 526,132	$ 531,000
Shelborne Property Associates, LLC | Third Party
Ownership interest in equity investments:
Ownership interest, percentage	33.00%
Equity investments in real estate	$ 151,451	152,801
C1000 Logistiek Vastgooed B.V | WPC
Ownership interest in equity investments:
Ownership interest, percentage	85.00%
Equity investments in real estate	$ 61,897	71,130
BPS Nevada, LLC
Ownership interest in equity investments:
Ownership interest, percentage			15.00%
Equity investments in real estate			$ 18,200
BPS Nevada, LLC | Third Party
Ownership interest in equity investments:
Ownership interest, percentage	15.00%
Equity investments in real estate	$ 49,129	40,032
IDL Wheel Tenant, LLC | Third Party
Ownership interest in equity investments:
Equity investments in real estate	$ 47,117	30,049
BG LLH, LLC | Third Party
Ownership interest in equity investments:
Ownership interest, percentage	7.00%
Equity investments in real estate	$ 39,723	42,587
U-haul Moving Partners Inc And Mercury Partners LP | WPC
Ownership interest in equity investments:
Ownership interest, percentage	12.00%
Equity investments in real estate	$ 39,735	41,028
Bank Pekao S.A. | CPA 18 - Global
Ownership interest in equity investments:
Ownership interest, percentage	50.00%
Equity investments in real estate	$ 27,029	31,045
State Farm | CPA 18 - Global
Ownership interest in equity investments:
Ownership interest, percentage	50.00%
Equity investments in real estate	$ 19,429	20,414
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	$ 17,019	20,147
Apply Sorco | CPA 18 - Global
Ownership interest in equity investments:
Ownership interest, percentage	49.00%
Equity investments in real estate	$ 15,406	19,076
Berry Plastics Corporation | WPC
Ownership interest in equity investments:
Ownership interest, percentage	50.00%
Equity investments in real estate	$ 15,993	16,632
Tesco plc | WPC
Ownership interest in equity investments:
Ownership interest, percentage	49.00%
Equity investments in real estate	$ 12,380	14,194
Hellweg Die Profi-Baumärkte GmbH & Co. KG (referred to as Hellweg 2) | WPC
Ownership interest in equity investments:
Ownership interest, percentage	37.00%
Equity investments in real estate	$ 9,595	9,935
Agorkor (referred to as Agrokor 5) | CPA 18 - Global
Ownership interest in equity investments:
Ownership interest, percentage	20.00%
Equity investments in real estate	$ 7,975	8,760
Eroski Sociedad Cooperativa - Mallorca | WPC
Ownership interest in equity investments:
Ownership interest, percentage	30.00%
Equity investments in real estate	$ 6,964	7,662
Dicks Sporting Goods, Inc. | WPC
Ownership interest in equity investments:
Ownership interest, percentage	45.00%
Equity investments in real estate	$ 5,290	$ 5,508

Intangible Assets and Liabili50

Intangible Assets and Liabilities (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015
Intangible Assets Liabilities
Net amortization of intangibles	$ 9.5	$ 9.4	$ 28.5
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 Liabili51

Intangible Assets and Liabilities (Details 1) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Acquired Intangible Assets Liabilities
Amortizable Intangible Assets	$ 46,301
Below-market rent
Acquired Intangible Assets Liabilities
Weighted-average useful life, intangible liabilities	22 years 1 month 6 days
Amortizable Intangible Liabilities	$ (1,792)
In-place lease
Acquired Intangible Assets Liabilities
Weighted average useful life, intangible assets	14 years 6 months
Amortizable Intangible Assets	$ 45,714
Above-market rent
Acquired Intangible Assets Liabilities
Weighted average useful life, intangible assets	10 years
Amortizable Intangible Assets	$ 587

Intangible Assets and Liabili52

Intangible Assets and Liabilities (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Amortizable intangible assets
Finite-lived intangible assets, gross	$ 681,567	$ 651,241
Less: accumulated amortization	(166,304)	(135,863)
Finite-lived intangible assets, net	515,263	515,378
Unamortizable Intangible Assets
Goodwill	304	304
Total intangible assets, gross	681,871	651,545
Total intangible assets, net	515,567	515,682
Amortizable intangible liabilities
Finite-lived intangible liabilities, gross	(118,544)	(118,032)
Less: accumulated amortization	17,738	13,310
Finite-lived intangible liabilities, net	(100,806)	(104,722)
Below-market rent
Amortizable intangible liabilities
Finite-lived intangible liabilities, gross	(117,399)	(116,887)
Less: accumulated amortization	17,710	13,293
Finite-lived intangible liabilities, net	(99,689)	(103,594)
Above-market ground lease
Amortizable intangible liabilities
Finite-lived intangible liabilities, gross	(1,145)	(1,145)
Less: accumulated amortization	28	17
Finite-lived intangible liabilities, net	(1,117)	(1,128)
In-place lease and tenant relationships
Amortizable intangible assets
Finite-lived intangible assets, gross	584,888	551,569
Less: accumulated amortization	(146,485)	(119,125)
Finite-lived intangible assets, net	438,403	432,444
Above-market rent
Amortizable intangible assets
Finite-lived intangible assets, gross	89,558	92,548
Less: accumulated amortization	(19,531)	(16,539)
Finite-lived intangible assets, net	70,027	76,009
Below-market ground lease
Amortizable intangible assets
Finite-lived intangible assets, gross	7,121	7,124
Less: accumulated amortization	(288)	(199)
Finite-lived intangible assets, net	$ 6,833	$ 6,925

Intangible Assets and Liabili53

Intangible Assets and Liabilities (Details 3) $ in Thousands	Sep. 30, 2015USD ($)
Net
2015 (remaining)	$ 9,309
2,016	34,156
2,017	31,799
2,018	31,720
2,019	31,683
Thereafter	275,790
Finite lived intangible assets liabilities, net	414,457
Net Increase in Rental Income
Net
2015 (remaining)	(327)
2,016	(480)
2,017	(252)
2,018	(229)
2,019	(220)
Thereafter	(28,154)
Finite lived intangible assets liabilities, net	(29,662)
Increase to Amortization/Property Expenses
Net
2015 (remaining)	9,636
2,016	34,636
2,017	32,051
2,018	31,949
2,019	31,903
Thereafter	303,944
Finite lived intangible assets liabilities, net	$ 444,119

Fair Value Measurements (Narrat

Fair Value Measurements (Narratives) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Impairment of CMBS	$ 0	$ 127	$ 1,023	$ 127
Deferred acquisition fees payable
Fair Value Inputs
Leverage adjusted unsecured spread			2.05%
Illiquidity Adjustment			0.75%

Fair Value Measurements (Detail

Fair Value Measurements (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Carrying Value | Level 2
Fair Value, Balance Sheet Grouping
Senior unsecured revolving credit facility	$ 53,706	$ 0
Carrying Value | Level 3
Fair Value, Balance Sheet Grouping
Non-recourse debt	1,850,842	1,896,489
Loan receivable	83,294	40,000
Other securities	6,650	9,381
Deferred acquisition fees payable	4,451	9,009
CMBS	2,585	3,053
Fair Value | Level 2
Fair Value, Balance Sheet Grouping
Senior unsecured revolving credit facility	53,706	0
Fair Value | Level 3
Fair Value, Balance Sheet Grouping
Non-recourse debt	1,896,434	1,961,905
Loan receivable	83,294	41,990
Other securities	9,059	9,649
Deferred acquisition fees payable	4,488	10,077
CMBS	$ 8,392	$ 8,899

Fair Value Measurements (Deta56

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair Value Disclosures [Abstract]
CMBS, fair value	$ 0	$ 187	$ 1,478	$ 187
Impairment of CMBS	$ 0	$ 127	$ 1,023	$ 127

Risk Management and Use of De57

Risk Management and Use of Derivative Financial Instruments (Narratives) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Derivative Instrument Detail
Collateral received	$ 0
Total credit exposure on derivatives	38,700,000
Derivatives, net liability position	15,500,000	$ 18,500,000
Aggregate termination value for immediate settlement	16,100,000	$ 19,100,000
Interest expense
Derivative Instrument Detail
Estimated amount reclassified from OCI to income, derivatives	7,400,000
Other income and expense
Derivative Instrument Detail
Estimated amount reclassified from OCI to income, derivatives	$ 7,000,000
New York Times Company | Lease revenue
Derivative Instrument Detail
Concentration risk, percentage	9.00%
Metro Cash & Italia S.p.A | Lease revenue
Derivative Instrument Detail
Concentration risk, percentage	8.00%
Agrokor d.d. | Lease revenue
Derivative Instrument Detail
Concentration risk, percentage	7.00%
KBR, Inc | Lease revenue
Derivative Instrument Detail
Concentration risk, percentage	7.00%
Combined Tenants | Lease revenue
Derivative Instrument Detail
Concentration risk, percentage	6.00%
Single counterparty
Derivative Instrument Detail
Total credit exposure on derivatives	$ 15,900,000

Risk Management and Use of De58

Risk Management and Use of Derivative Financial Instruments (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value
Derivative assets, fair value, net	$ 41,766	$ 32,094
Derivative liability, fair value, net	(13,691)	(17,458)
Foreign currency forward | Designated as hedging | Other assets
Derivatives, Fair Value
Derivative assets, fair value, net	39,466	24,051
Foreign currency forward | Not designated | Other assets
Derivatives, Fair Value
Derivative assets, fair value, net	0	5,120
Foreign currency forward | Not designated | Accounts payable, accrued expenses and other liabilities
Derivatives, Fair Value
Derivative liability, fair value, net	0	(2,904)
Interest rate swap | Designated as hedging | Other assets
Derivatives, Fair Value
Derivative assets, fair value, net	0	71
Interest rate swap | Designated as hedging | Accounts payable, accrued expenses and other liabilities
Derivatives, Fair Value
Derivative liability, fair value, net	(13,691)	(14,554)
Embedded derivatives | Not designated | Other assets
Derivatives, Fair Value
Derivative assets, fair value, net	58	499
Stock warrants | Not designated | Other assets
Derivatives, Fair Value
Derivative assets, fair value, net	1,914	1,848
Swaption | Not designated | Other assets
Derivatives, Fair Value
Derivative assets, fair value, net	$ 328	$ 505

Risk Management and Use of De59

Risk Management and Use of Derivative Financial Instruments (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive Loss (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	$ (3,108)	$ 23,036	$ 15,949	$ 19,013
Foreign currency forward | Cash Flow Hedging
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive Loss (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	(978)	18,208	15,626	17,799
Foreign currency forward | Net Investment Hedging
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive Loss (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	(20)	0	366	0
Foreign currency forward | Derivatives Formerly in Net Investment Hedging Relationships
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive Loss (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	0	4,192	0	4,511
Interest rate swap | Cash Flow Hedging
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive Loss (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	(2,110)	500	(43)	(3,920)
Interest rate cap | Cash Flow Hedging
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive Loss (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	0	227	0	913
Foreign currency collars | Cash Flow Hedging
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive Loss (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	$ 0	(91)	$ 0	(290)
Noncontrolling interest | Interest rate cap | Cash Flow Hedging
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive Loss (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net		$ 100		$ 400

Risk Management and Use of De60

Risk Management and Use of Derivative Financial Instruments (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Amount of Gain (Loss) Reclassified from Other Comprehensive Loss into Income (Effective Portion)
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	$ 383	$ (954)	$ 618	$ (4,996)
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	2,296	526	6,662	425
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	(1,913)	(1,811)	(6,044)	(5,259)
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	0	(226)	0	(913)
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	$ 0	$ 557	$ 0	$ 751

Risk Management and Use of De61

Risk Management and Use of Derivative Financial Instruments (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of gain (loss) recognized income on derivatives	$ (177)	$ 1,310	$ 341	$ 1,103
Embedded derivatives | Not designated | Other income and (expense)
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of gain (loss) recognized income on derivatives	(26)	725	235	1,006
Stock warrants | Not designated | Other income and (expense)
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of gain (loss) recognized income on derivatives	0	132	66	66
Swaption | Not designated | Other income and (expense)
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of gain (loss) recognized income on derivatives	(212)	(83)	(177)	(512)
Foreign currency forward | Not designated | Other income and (expense)
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of gain (loss) recognized income on derivatives	0	445	(16)	327
Interest rate swap | Designated as hedging | Interest expense
Amount of Gain (Loss) on Derivatives Recognized in Income
Amount of gain (loss) recognized income on derivatives	$ 61	$ 91	$ 233	$ 216

Risk Management and Use of De62

Risk Management and Use of Derivative Financial Instruments (Details 5) € in Thousands, $ in Thousands	Sep. 30, 2015USD ($)instrument	Sep. 30, 2015EUR (€)instrument
Derivative
Fair value	$ (13,363)
Cash Flow Hedging | Interest rate swap | USD
Derivative
Derivative number of instruments | instrument	13	13
Derivative notional amount	$ 232,486
Fair value	$ (9,129)
Cash Flow Hedging | Interest rate swap | Euro
Derivative
Derivative number of instruments | instrument	7	7
Derivative notional amount | €		€ 190,447
Fair value	$ (4,562)
Not designated | Swaption | USD
Derivative
Derivative number of instruments | instrument	1	1
Derivative notional amount	$ 13,230
Fair value	$ 328

Risk Management and Use of De63

Risk Management and Use of Derivative Financial Instruments (Details 6) - Sep. 30, 2015 € in Thousands, $ in Thousands	USD ($)instrument	EUR (€)instrument
Derivative Instrument Detail
Derivative fair value	$ (13,363)
Cash Flow Hedging | Interest rate swap
Derivative Instrument Detail
Ownership interest, percentage	85.00%	85.00%
Derivative number of instruments | instrument	1	1
Derivative notional amount | €		€ 11,252
Derivative fair value	$ (531)

Risk Management and Use of De64

Risk Management and Use of Derivative Financial Instruments (Details 7) € in Thousands, ¥ in Thousands, NOK in Thousands, $ in Thousands	Sep. 30, 2015USD ($)instrument	Sep. 30, 2015NOKinstrument	Sep. 30, 2015EUR (€)instrument	Sep. 30, 2015JPY (¥)instrument
Derivative Instrument Detail
Fair value, foreign currency derivatives	$ 39,466
Cash Flow Hedging | Designated as hedging | Foreign currency contract | Euro
Derivative Instrument Detail
Derivative number of instruments | instrument	83	83	83	83
Derivative notional amount | €			€ 164,667
Fair value, foreign currency derivatives	$ 34,886
Cash Flow Hedging | Designated as hedging | Foreign currency contract | NOK
Derivative Instrument Detail
Derivative number of instruments | instrument	17	17	17	17
Derivative notional amount | NOK		NOK 12,239
Fair value, foreign currency derivatives	$ 215
Net Investment Hedging | Designated as hedging | Foreign currency contract | NOK
Derivative Instrument Detail
Derivative number of instruments | instrument	5	5	5	5
Derivative notional amount | NOK		NOK 7,996
Fair value, foreign currency derivatives	$ 140
Net Investment Hedging | Designated as hedging | Foreign currency contract | Yen
Derivative Instrument Detail
Derivative number of instruments | instrument	10	10	10	10
Derivative notional amount | ¥				¥ 1,031,827
Fair value, foreign currency derivatives	$ 4,225

Non-Recourse Debt (Narratives)

Non-Recourse Debt (Narratives) (Details) $ in Thousands	Aug. 26, 2015USD ($)	Jul. 14, 2015	Jul. 01, 2015	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)loan	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Additional Debt Disclosures
Mortgage notes payable, collateral				$ 2,700,000		$ 2,700,000		$ 2,900,000
Mortgages acquired | loan						5
Debt maturity date		Dec. 30, 2015	Dec. 30, 2015
Non-recourse mortgage loans				$ 108,200		$ 108,200
Loans repaid | loan						2
Payments of mortgage principal						$ 114,867	$ 44,630
Debt, weighted average interest rate				4.30%		4.30%
Debt instrument terms (years)						9 years 6 months
Interest rate on debt		1.10%	1.10%
Effects of foreign currency translation on balance sheet item				$ (1,100)	$ (52,023)	$ (60,990)	$ (58,093)
Line of credit, maximum borrowing capacity	$ 250,000			$ 196,200		$ 196,200
Commitment fee threshold				50.00%		50.00%
Credit facility fees	$ 1,900
Line of credit outstanding				$ 53,706		$ 53,706		$ 0
Restriction payment threshold				100,000		$ 100,000
WPC
Additional Debt Disclosures
Debt instrument terms (years)						1 year 2 months 12 days
Minimum
Additional Debt Disclosures
Debt maturity date						Aug. 31, 2016
Credit facility fee, rate						0.15%
Maximum
Additional Debt Disclosures
Debt maturity date						Aug. 31, 2039
Credit facility fee, rate						0.30%
Investments made in prior years
Additional Debt Disclosures
Non-recourse mortgage loans				36,300		$ 36,300
Current
Additional Debt Disclosures
Non-recourse mortgage loans				$ 71,900		$ 71,900
Fixed interest rate
Additional Debt Disclosures
Mortgage loan real estate, minimum interest rate						2.00%
Mortgage loan real estate, maximum interest rate						7.50%
Variable interest rate
Additional Debt Disclosures
Mortgage loan real estate, minimum interest rate						1.60%
Mortgage loan real estate, maximum interest rate						6.10%
Mortgages
Additional Debt Disclosures
Loans repaid | loan						4
Payments of mortgage principal						$ 93,700
Debt, weighted average interest rate				6.20%		6.20%
Non-recourse debt
Additional Debt Disclosures
Effects of foreign currency translation on balance sheet item						$ (39,800)
Other mortgage loan
Additional Debt Disclosures
Non-recourse mortgage loans				$ 57,500		$ 57,500
Debt instrument terms (years)						4 years 10 months 24 days
Loss on extinguishment of debt						$ 300
Other mortgage loan | WPC
Additional Debt Disclosures
Payments of mortgage principal						$ 19,900
Revolver
Additional Debt Disclosures
Debt maturity date	Aug. 26, 2018
Interest rate on debt				1.60%		1.60%
Line of credit, maximum borrowing capacity	$ 200,000
Line of credit outstanding				$ 53,800		$ 53,800
Term Loan
Additional Debt Disclosures
Line of credit, maximum borrowing capacity	50,000
Euro Currency Rate | Revolver | Minimum
Additional Debt Disclosures
Interest rate on debt				1.50%		1.50%
Euro Currency Rate | Revolver | Maximum
Additional Debt Disclosures
Interest rate on debt				2.25%		2.25%
Euro Currency Rate | Term Loan | Minimum
Additional Debt Disclosures
Interest rate on debt				1.45%		1.45%
Euro Currency Rate | Term Loan | Maximum
Additional Debt Disclosures
Interest rate on debt				2.20%		2.20%
Base Rate | Revolver | Minimum
Additional Debt Disclosures
Interest rate on debt				0.50%		0.50%
Base Rate | Revolver | Maximum
Additional Debt Disclosures
Interest rate on debt				1.25%		1.25%
Base Rate | Term Loan | Minimum
Additional Debt Disclosures
Interest rate on debt				0.45%		0.45%
Base Rate | Term Loan | Maximum
Additional Debt Disclosures
Interest rate on debt				1.20%		1.20%
Accordion | Revolver
Additional Debt Disclosures
Line of credit, maximum borrowing capacity	$ 250,000

Non-Recourse Debt (Details 1)

Non-Recourse Debt (Details 1) $ in Thousands	Sep. 30, 2015USD ($)
Long-term Debt, Fiscal Year Maturity
2015 (remainder)	$ 6,072
2,016	233,447
2,017	346,598
2,018	197,918
2,019	38,556
Thereafter through 2039	1,084,377
Long-term debt	1,906,968
Unamortized discount, net	(2,420)
Total	$ 1,904,548

Equity (Narratives) (Details)

Equity (Narratives) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Distributions declared per share	$ 0.1625	$ 0.1625	$ 0.4875	$ 0.4875
Dividend payable, date	Oct. 15, 2015
Distributions payable	$ 54,434		$ 54,434		$ 53,378

Equity (Details 1)

Equity (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss)
Beginning balance	$ (121,342)	$ (24,018)	$ (81,007)	$ (13,442)
Other comprehensive (loss) income before reclassifications	(3,852)	(34,056)	(44,686)	(48,462)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(383)	954	(618)	4,996
Net current-period Other comprehensive income (loss)	(4,235)	(33,102)	(45,304)	(43,466)
Net current-period Other comprehensive income attributable to noncontrolling interests	(103)	803	631	591
Ending balance	(125,680)	(56,317)	(125,680)	(56,317)
Interest Expense
Accumulated Other Comprehensive Income (Loss)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1,913	2,037	6,044	6,172
Other income and (expense)
Accumulated Other Comprehensive Income (Loss)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(2,296)	(1,083)	(6,662)	(1,176)
Gains and Losses on Derivative Instruments
Accumulated Other Comprehensive Income (Loss)
Beginning balance	26,118	(21,367)	7,311	(16,717)
Other comprehensive (loss) income before reclassifications	(2,759)	17,890	16,283	9,507
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(383)	954	(618)	4,996
Net current-period Other comprehensive income (loss)	(3,142)	18,844	15,665	14,503
Net current-period Other comprehensive income attributable to noncontrolling interests	0	(102)	0	(411)
Ending balance	22,976	(2,625)	22,976	(2,625)
Gains and Losses on Derivative Instruments | Interest Expense
Accumulated Other Comprehensive Income (Loss)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1,913	2,037	6,044	6,172
Gains and Losses on Derivative Instruments | Other income and (expense)
Accumulated Other Comprehensive Income (Loss)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(2,296)	(1,083)	(6,662)	(1,176)
Gains and Losses on Marketable Securities
Accumulated Other Comprehensive Income (Loss)
Beginning balance	(92)	(344)	(106)	(391)
Other comprehensive (loss) income before reclassifications	7	77	21	124
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Net current-period Other comprehensive income (loss)	7	77	21	124
Net current-period Other comprehensive income attributable to noncontrolling interests	0	0	0	0
Ending balance	(85)	(267)	(85)	(267)
Gains and Losses on Marketable Securities | Interest Expense
Accumulated Other Comprehensive Income (Loss)
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)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss)
Beginning balance	(147,368)	(2,307)	(88,212)	3,666
Other comprehensive (loss) income before reclassifications	(1,100)	(52,023)	(60,990)	(58,093)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Net current-period Other comprehensive income (loss)	(1,100)	(52,023)	(60,990)	(58,093)
Net current-period Other comprehensive income attributable to noncontrolling interests	(103)	905	631	1,002
Ending balance	(148,571)	(53,425)	(148,571)	(53,425)
Foreign Currency Translation Adjustments | Interest Expense
Accumulated Other Comprehensive Income (Loss)
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)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 0	$ 0	$ 0	$ 0