Corporate Property Associates 17 - Global 10-K 10 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 03, 2017	Jun. 30, 2016
Document Entity Information [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
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		346,194,072
Entity Public Float			$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Investments in real estate
Real estate, at cost	$ 2,745,424	$ 2,658,877
Operating real estate, at cost	258,971	275,521
Accumulated depreciation	(299,533)	(256,175)
Net investments in properties	2,704,862	2,678,223
Real estate under construction	0	1,068
Assets held for sale	14,850	0
Net investments in direct financing leases	508,392	495,564
Net investments in real estate	3,228,104	3,174,855
Equity investments in real estate	451,105	514,147
Cash and cash equivalents	273,635	152,889
In-place lease and tenant relationship intangible assets, net	438,551	445,223
Other intangible assets, net	79,115	80,049
Other assets, net	228,413	246,027
Total assets	4,698,923	4,613,190
Liabilities:
Non-recourse debt, net	2,022,250	1,881,774
Senior Credit Facility, net	49,751	112,834
Accounts payable, accrued expenses and other liabilities	128,911	133,948
Below-market rent and other intangible liabilities, net	82,799	96,701
Deferred income taxes	32,655	24,929
Due to affiliates	11,723	13,634
Distributions payable	55,830	54,775
Total liabilities	2,383,919	2,318,595
Commitments and contingencies (Note 11)
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; and 343,575,840 and 337,065,419 shares, respectively, issued and outstanding	343	337
Additional paid-in capital	3,106,456	3,037,727
Distributions in excess of accumulated earnings	(732,613)	(700,912)
Accumulated other comprehensive loss	(156,676)	(139,805)
Total CPA®:17 – Global stockholders’ equity	2,217,510	2,197,347
Noncontrolling interests	97,494	97,248
Total equity	2,315,004	2,294,595
Total liabilities and equity	$ 4,698,923	$ 4,613,190

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, par or stated value (usd per share)	$ 0.001	$ 0.001
Preferred stock shares authorized, shares	50,000,000	50,000,000
Preferred stock shares issued, shares	0	0
Common stock, par or stated value (usd per share)	$ 0.001	$ 0.001
Common stock shares authorized, shares	900,000,000	900,000,000
Common stock shares outstanding, shares	343,575,840	337,065,419

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Lease revenues:
Rental income	$ 298,775	$ 271,523	$ 254,658
Interest income from direct financing leases	58,066	55,669	54,517
Total lease revenues	356,841	327,192	309,175
Other real estate income	46,623	49,562	53,107
Other operating income	30,224	36,591	28,536
Other interest income	6,674	13,602	5,888
Gross Revenues	440,362	426,947	396,706
Operating Expenses
Depreciation and amortization	122,259	106,732	102,167
Property expenses	70,728	72,514	66,402
Impairment charges	29,706	1,023	570
Other real estate expenses	17,642	19,595	24,665
General and administrative	16,310	18,377	22,253
Acquisition expenses	7,157	651	5,169
Operating Expenses, Total	263,802	218,892	221,226
Other Income and Expenses
Interest expense	(98,813)	(93,551)	(93,001)
Gain on change in control of interests	49,922	0	0
Loss on extinguishment of debt	(24,376)	(275)	(263)
Equity in earnings of equity method investments in real estate	3,262	14,667	24,073
Other income and (expenses)	(1,728)	1,912	(1,909)
Nonoperating income expense	(71,733)	(77,247)	(71,100)
Income before income taxes and gain on sale of real estate	104,827	130,808	104,380
Provision for income taxes	(8,477)	(8,885)	(10,725)
Income before gain on sale of real estate, net of tax	96,350	121,923	93,655
Gain on sale of real estate, net of tax	132,858	2,197	13,338
Net Income	229,208	124,120	106,993
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $24,765, $24,668, and $20,427, respectively)	(38,863)	(39,915)	(32,842)
Net income attributable to CPA®:17 – Global	$ 190,345	$ 84,205	$ 74,151
Income from continuing operations attributable to CPA®:17 – Global (usd per share)	$ 0.56	$ 0.25	$ 0.23
Basic and Diluted Weighted-Average Shares Outstanding, shares	342,147,444	334,468,363	324,117,508

Consolidated Statements of Inc5

Consolidated Statements of Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Income and Expenses
Available Cash Distributions	$ 24,765	$ 24,668	$ 20,427

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Comprehensive Income Attributable to Parent
Net Income	$ 229,208	$ 124,120	$ 106,993
Other Comprehensive Loss
Foreign currency translation adjustments	(18,785)	(81,037)	(93,401)
Change in net unrealized gain on derivative instruments	1,349	20,889	24,439
Change in unrealized gain on marketable securities	29	29	285
Total other comprehensive loss	(17,407)	(60,119)	(68,677)
Comprehensive Income	211,801	64,001	38,316
Amounts Attributable to Noncontrolling Interests
Net income	(38,863)	(39,915)	(32,842)
Foreign currency translation adjustments	536	1,321	1,523
Change in net unrealized gain on derivative instruments	0	0	(411)
Comprehensive income attributable to noncontrolling interests	(38,327)	(38,594)	(31,730)
Comprehensive Income Attributable to CPA®:17 – Global	$ 173,474	$ 25,407	$ 6,586

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Total CPA®:17 – Global Stockholders	Common Stock	Additional Paid-In Capital	Distributions in Excess of Accumulated Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Beginning equity balance, value at Dec. 31, 2013	$ 2,485,724	$ 2,408,236	$ 317	$ 2,852,456	$ (431,095)	$ (13,442)	$ 77,488
Beginning equity balance, shares at Dec. 31, 2013			317,353,899
Statement of Equity
Shares issued, net of offering costs, value	101,983	101,983	$ 11	101,972
Shares issued, net of offering costs, shares			11,168,340
Shares issued to affiliates, value	26,387	26,387	$ 3	26,384
Shares issued to affiliates, shares			2,756,965
Distributions declared	(210,862)	(210,862)			(210,862)
Distributions to noncontrolling interests	(30,776)						(30,776)
Net Income	106,993	74,151			74,151		32,842
Other comprehensive loss:
Foreign currency translation adjustments	(93,401)	(91,878)				(91,878)	(1,523)
Change in net unrealized gain on derivative instruments	24,439	24,028				24,028	411
Change in unrealized gain on marketable securities	285	285				285
Repurchase of shares, value	(25,375)	(25,375)	$ (3)	(25,372)
Repurchase of shares, shares			(2,798,365)
Ending equity balance, value at Dec. 31, 2014	2,385,397	2,306,955	$ 328	2,955,440	(567,806)	(81,007)	78,442
Ending equity balance, shares at Dec. 31, 2014			328,480,839
Statement of Equity
Shares issued, net of offering costs, value	103,657	103,657	$ 11	103,646
Shares issued, net of offering costs, shares			11,009,104
Shares issued to directors, value	100	100	$ 0	100
Shares issued to directors, shares			10,288
Shares issued to affiliates, value	15,630	15,630	$ 2	15,628
Shares issued to affiliates, shares			1,613,468
Contributions from noncontrolling interests	15,928						15,928
Distributions declared	(217,311)	(217,311)			(217,311)
Distributions to noncontrolling interests	(35,716)						(35,716)
Net Income	124,120	84,205			84,205		39,915
Other comprehensive loss:
Foreign currency translation adjustments	(81,037)	(79,716)				(79,716)	(1,321)
Change in net unrealized gain on derivative instruments	20,889	20,889				20,889
Change in unrealized gain on marketable securities	29	29				29
Repurchase of shares, value	(37,091)	(37,091)	$ (4)	(37,087)
Repurchase of shares, shares			(4,048,280)
Ending equity balance, value at Dec. 31, 2015	$ 2,294,595	2,197,347	$ 337	3,037,727	(700,912)	(139,805)	97,248
Ending equity balance, shares at Dec. 31, 2015	337,065,419		337,065,419
Statement of Equity
Shares issued, net of offering costs, value	$ 103,618	103,618	$ 10	103,608
Shares issued, net of offering costs, shares			10,255,011
Shares issued to directors, value	100	100	$ 0	100
Shares issued to directors, shares			9,766
Shares issued to affiliates, value	14,976	14,976	$ 1	14,975
Shares issued to affiliates, shares			1,469,025
Contributions from noncontrolling interests	147						147
Distributions declared	(222,046)	(222,046)			(222,046)
Distributions to noncontrolling interests	(38,228)						(38,228)
Net Income	229,208	190,345			190,345		38,863
Other comprehensive loss:
Foreign currency translation adjustments	(18,785)	(18,249)				(18,249)	(536)
Change in net unrealized gain on derivative instruments	1,349	1,349				1,349
Change in unrealized gain on marketable securities	29	29				29
Repurchase of shares, value	(49,959)	(49,959)	$ (5)	(49,954)
Repurchase of shares, shares			(5,223,381)
Ending equity balance, value at Dec. 31, 2016	$ 2,315,004	$ 2,217,510	$ 343	$ 3,106,456	$ (732,613)	$ (156,676)	$ 97,494
Ending equity balance, shares at Dec. 31, 2016	343,575,840		343,575,840

Consolidated Statements of Equ8

Consolidated Statements of Equity (Parentheticals) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Distribution per share
Distributions Declared Per Share, (usd per share)	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.65	$ 0.65	$ 0.6500

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash Flow - Operating Activities
Net Income	$ 229,208	$ 124,120	$ 106,993
Adjustments to net income:
Gain on sale of real estate	(132,858)	(2,197)	(13,338)
Depreciation and amortization, including intangible assets and deferred financing costs	129,712	112,722	104,894
Gain on change in control of interests	(49,922)	0	0
Straight-line rent adjustment and amortization of rent-related intangibles	(36,080)	(21,420)	(19,101)
Impairment charges	29,706	1,023	570
Non-cash asset management fee expense and directors’ compensation	14,953	14,696	26,387
Equity in losses (earnings) of equity method investments in real estate in excess of distributions received	11,745	2,501	(13,974)
Realized and unrealized loss on foreign currency transactions and other	8,746	7,696	5,408
Deferred income tax expense	4,683	4,150	7,599
Accretion of commercial mortgage-backed securities and other	(1,827)	(3,760)	(554)
Loss on extinguishment of debt	1,136	58	0
Other non-cash adjustments	90	928	0
Settlement of derivative asset	0	2,948	0
Net changes in other operating assets and liabilities	2,077	419	5,171
Net Cash Provided by Operating Activities	211,369	243,884	210,055
Cash Flows — Investing Activities
Proceeds from sale of real estate	258,293	0	68,789
Acquisitions of real estate and direct financing leases	(203,093)	(293,324)	(74,993)
Return of capital from equity investments in real estate	42,744	34,962	83,882
Value added taxes refunded in connection with acquisition of real estate	23,769	15,194	4,852
Funding for build-to-suit projects	(13,312)	(24,258)	(68,901)
Proceeds from repayment of loan receivable	12,600	40,000	0
Capital contributions to equity investments in real estate	(11,048)	(39,015)	(199,470)
Capital expenditures on owned real estate	(10,682)	(8,035)	(4,352)
Value added taxes paid in connection with acquisition of real estate	(5,712)	(37,540)	(5,499)
Payment of deferred acquisition fees to an affiliate	(2,631)	(6,382)	(6,755)
Deposits for investments	2,501	(1,000)	0
Other investing activities, net	2,407	0	0
Changes in investing restricted cash	1,870	6,300	(4,691)
Proceeds from repayment of debenture	610	7,633	0
Funding of loans receivable	0	(42,600)	0
Investment in securities	0	0	(7,789)
Net Cash Provided by (Used in) Investing Activities	98,316	(348,065)	(214,927)
Cash Flows — Financing Activities
Repayments of Senior Credit Facility	(289,558)	(120,400)	0
Proceeds from mortgage financing	266,970	170,233	92,791
Proceeds from Senior Credit Facility	225,693	235,367	0
Distributions paid	(220,991)	(215,914)	(209,054)
Scheduled payments and prepayments of mortgage principal	(177,469)	(121,267)	(51,309)
Proceeds from issuance of shares, net of issuance costs	103,618	103,657	101,983
Repurchase of shares	(49,959)	(37,091)	(25,375)
Distributions to noncontrolling interests	(38,228)	(35,716)	(30,776)
Payment of financing costs and mortgage deposits, net of deposits refunded	(2,284)	(3,408)	(878)
Changes in financing restricted cash	(462)	(1,098)	(3,564)
Contributions from noncontrolling interests	147	15,928	0
Proceeds from notes payable to affiliate	0	25,000	0
Repayment of notes payable to affiliate	0	(25,000)	0
Net Cash Used in Financing Activities	(182,523)	(9,709)	(126,182)
Change in Cash and Cash Equivalents During the Year
Effect of exchange rate changes on cash	(6,416)	(8,940)	(11,335)
Net increase (decrease) in cash and cash equivalents	120,746	(122,830)	(142,389)
Cash and cash equivalents, beginning of year	152,889	275,719	418,108
Cash and cash equivalents, end of year	$ 273,635	$ 152,889	$ 275,719

Consolidated Statements of Ca10

Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Supplemental Cash Flow Information
Interest paid, net of amounts capitalized	$ 93,590	$ 90,448	$ 90,477
Interest capitalized	0	1,632	4,852
Income taxes paid	$ 4,650	$ 3,399	$ 4,467

Organization

Organization	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Corporate Property Associates 17 – Global Incorporated, or CPA ® :17 – Global, and, together with its consolidated subsidiaries, we, us, or our, is a publicly owned, non-traded 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 leased 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 December 31, 2016 , 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 December 31, 2016 , our portfolio was comprised of full or partial ownership interests in 395 fully-occupied properties, substantially all of which were fully-occupied and triple-net leased to 121 tenants, and totaled approximately 43 million square feet (unaudited). In addition, our portfolio was comprised of full or partial ownership interests in 38 operating properties, including 37 self-storage properties and one hotel property, for an aggregate of approximately 3 million square feet (unaudited). As opportunities arise, we may also make other types of commercial real estate-related investments. We operate in two reportable business segments: Net Lease and Self Storage. Our Net Lease segment includes our domestic and foreign investments in net-leased properties, whether they are accounted for as operating or direct financing leases. Our Self Storage segment is comprised of our investments in self-storage properties. In addition, we have investments in loans receivable, CMBS, one hotel, and other properties, which are included in our All Other category ( Note 15 ). We raised aggregate gross proceeds of approximately $2.9 billion from our initial public offering, which closed in April 2011, and our follow-on offering, which closed in January 2013. From inception through December 31, 2016 , we have also received Distribution Reinvestment Plan, or DRIP, proceeds of $574.0 million .

Summary of Significant Accounti

Summary of Significant Accounting Policies and Estimates	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies and Estimates	Summary of Significant Accounting Policies and Estimates Critical Accounting Policies and Estimates Accounting for Acquisitions In accordance with the guidance for business combinations, we determine whether a transaction or other event is a business combination, which requires that the assets acquired and liabilities assumed constitute a business. Each business combination is then accounted for by applying the acquisition method. If the assets acquired are not a business, we account for the transaction or other event as an asset acquisition. Under both methods, we recognize the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquired entity. In addition, for transactions that are business combinations, we evaluate the existence of goodwill or a gain from a bargain purchase. We capitalize acquisition-related costs and fees associated with asset acquisitions. We immediately expense acquisition-related costs and fees associated with business combinations. Purchase Price Allocation of Tangible Assets — When we acquire properties with leases classified as operating leases, we allocate the purchase price to the tangible and intangible assets and liabilities acquired based on their estimated fair values. The tangible assets consist of land, buildings, and site improvements. The intangible assets include the above- and below-market value of leases and the in-place leases, which include the value of tenant relationships. Land is typically valued utilizing the sales comparison (or market) approach. Buildings are valued, as if vacant, using the cost and/or income approach. Site improvements are valued using the cost approach. The fair value of real estate is determined (i) primarily by reference to portfolio appraisals, which determines their values on a property level, by applying a discounted cash flow analysis to the estimated net operating income for each property in the portfolio during the remaining anticipated lease term, and (ii) by the estimated residual value, which is based on a hypothetical sale of the property upon expiration of a lease factoring in the re-tenanting of such property at estimated current market rental rates, applying a selected capitalization rate, and deducting estimated costs of sale. Assumptions used in the model are property-specific where this information is available; however, when certain necessary information is not available, we use available regional and property-type information. Assumptions and estimates include the following: • a discount rate or internal rate of return; • the marketing period necessary to put a lease in place; • carrying costs during the marketing period; • leasing commissions and tenant improvement allowances; • market rents and growth factors of these rents; and • a market lease term and a capitalization rate to be applied to an estimate of market rent at the end of the market lease term. The discount rates and residual capitalization rates used to value the properties are selected based on several factors, including: • the creditworthiness of the lessees; • industry surveys; • property type; • property location and age; • current lease rates relative to market lease rates; and • anticipated lease duration. In the case where a tenant has a purchase option deemed to be favorable to the tenant, or the tenant has long-term renewal options at rental rates below estimated market rental rates, we include the value of the exercise of such purchase option or long-term renewal options in the determination of residual value. The remaining economic life of leased assets is estimated by relying in part upon third-party appraisals of the leased assets, industry standards, and based on our experience. Different estimates of remaining economic life will affect the depreciation expense that is recorded. Purchase Price Allocation of Intangible Assets and Liabilities — We record above- and below-market lease intangible assets and liabilities for acquired properties based on the present value (using a discount rate reflecting the risks associated with the leases acquired including consideration of the credit of the lessee) of the difference between (i) the contractual rents to be paid pursuant to the leases negotiated or in place at the time of acquisition of the properties and (ii) our estimate of fair market lease rates for the property or equivalent property, both of which are measured over the estimated lease term which includes renewal options that have rental rates below estimated market rental rates. We discount the difference between the estimated market rent and contractual rent to a present value using an interest rate reflecting our current assessment of the risk associated with the lease acquired, which includes a consideration of the credit of the lessee. Estimates of market rent are generally determined by us relying in part upon a third-party appraisal obtained in connection with the property acquisition and can include estimates of market rent increase factors, which are generally provided in the appraisal or by local real estate brokers. We measure the fair value of below-market purchase option liabilities we acquire as the excess of the present value of the fair value of the real estate over the present value of the tenant’s exercise price at the option date. We evaluate the specific characteristics of each tenant’s lease and any pre-existing relationship with each tenant in determining the value of in-place lease intangibles. To determine the value of in-place lease intangibles, we consider the following: • estimated market rent; • estimated carrying costs of the property during a hypothetical expected lease-up period; and • current market conditions and costs to execute similar leases, including tenant improvement allowances and rent concessions. Estimated carrying costs of the property include real estate taxes, insurance, other property operating costs, and estimates of lost rentals at market rates during the market participants’ expected lease-up periods, based on assessments of specific market conditions. We determine these values using our estimates or by relying in part upon third-party appraisals conducted by independent appraisal firms. We amortize the above-market lease intangible as a reduction of lease revenue over the remaining contractual lease term. We amortize the below-market lease intangible as an increase to lease revenue over the initial term and any renewal periods in the respective leases. We include the value of above-market leases in Other intangible assets, net in the consolidated financial statements. We include the value of below-market leases in Below-market rent and other intangible liabilities in the consolidated financial statements. We include the amortization of above- and below-market ground lease intangibles in Property expenses in the consolidated financial statements. The value of any in-place lease is estimated to be equal to the acquirer’s avoidance of costs as a result of having tenants in place, that would be necessary to lease the property for a lease term equal to the remaining primary in-place lease term and the value of investment grade tenancy. The cost avoidance is derived first by determining the in-place lease term on the subject lease. Then, based on our review of the market, the cost to be borne by a property owner to replicate a market lease to the remaining in-place term is estimated. These costs consist of: (i) rent lost during downtime (i.e. assumed periods of vacancy), (ii) estimated expenses that would be incurred by the property owner during periods of vacancy, (iii) rent concessions (i.e. free rent), (iv) leasing commissions, and (v) tenant improvements allowances given to tenants. We determine these values using our estimates or by relying in part upon third-party appraisals. We amortize the value of in-place lease intangibles to expense over the remaining initial term of each lease. The amortization period for intangibles does not exceed the remaining depreciable life of the building. If a lease is terminated, we charge the unamortized portion of above- and below-market lease values to rental income and in-place lease values to amortization expense. Purchase Price Allocation of Debt — When we acquire leveraged properties, the fair value of the related debt instruments is determined using a discounted cash flow model with rates that take into account the credit of the tenants, where applicable, and interest rate risk. Such resulting premium or discount is amortized over the remaining term of the obligation. We also consider the value of the underlying collateral taking into account the quality of the collateral, the credit quality of the tenant, the time until maturity and the current interest rate. Purchase Price Allocation of Goodwill — In the case of a business combination, after identifying all tangible and intangible assets and liabilities, the excess consideration paid over the fair value of the assets and liabilities acquired and assumed, respectively, represents goodwill. We allocate goodwill to reporting units in which such goodwill arises. In the event we dispose of a property that constitutes a business under U.S. generally accepted accounting principles, or GAAP, from a reporting unit with goodwill, we allocate a portion of the reporting unit’s goodwill to that business in determining the gain or loss on the disposal of the business. The amount of goodwill allocated to the business is based on the relative fair value of the business to the fair value of the reporting unit. As part of purchase accounting, we record any deferred tax assets and/or liabilities resulting from the difference between the tax basis and GAAP basis of the investment in the taxing jurisdiction. Such deferred tax amount will be included in purchase accounting and may impact the amount of goodwill recorded depending on the fair value of all of the other assets and liabilities and the amounts paid. Impairments We periodically assess whether there are any indicators that the value of our long-lived real estate and related intangible assets may be impaired or that their carrying value may not be recoverable. These impairment indicators include, but are not limited to, the vacancy of a property that is not subject to a lease, an upcoming lease expiration, a tenant with credit difficulty, the termination of a lease by a tenant, or a likely disposition of the property. We may incur impairment charges on long-lived assets, including real estate-related intangible assets, direct financing leases, assets held for sale, and equity investments in real estate. We may also incur impairment charges on marketable securities and goodwill. Our policies and estimates for evaluating whether these assets are impaired are presented below. Real Estate — For real estate assets held for investment and related intangible assets in which an impairment indicator is identified, we follow a two-step process to determine whether an asset is impaired and to determine the amount of the charge. First, we compare the carrying value of the property’s asset group to the estimated future net undiscounted cash flow that we expect the property’s asset group will generate, including any estimated proceeds from the eventual sale of the property’s asset group. The undiscounted cash flow analysis requires us to make our best estimate of market rents, residual values, and holding periods. We estimate market rents and residual values using market information from outside sources, such as third-party market research, external appraisals, broker quotes, or recent comparable sales. In cases where the available market information is not deemed appropriate, we perform a future net cash flow analysis discounted for inherent risk associated with each asset to determine an estimated fair value. As our investment objective is to hold properties on a long-term basis, holding periods used in the undiscounted cash flow analysis are generally ten years, but may be less if our intent is to hold a property for less than ten years. Depending on the assumptions made and estimates used, the future cash flow projected in the evaluation of long-lived assets and associated intangible assets can vary within a range of outcomes. We consider the likelihood of possible outcomes in determining our estimate of future cash flows and, if warranted, we apply a probability-weighted method to the different possible scenarios. If the future net undiscounted cash flow of the property’s asset group is less than the carrying value, the carrying value of the property’s asset group is considered not recoverable. We then measure the impairment loss as the excess of the carrying value of the property’s asset group over its estimated fair value. The estimated fair value of the property’s asset group is primarily determined using market information from outside sources, such as broker quotes or recent comparable sales. In cases where the available market information is not deemed appropriate, we perform a future net cash flow analysis discounted for inherent risk associated with each asset to determine an estimated fair value. Assets Held for Sale — We classify real estate assets that are accounted for as operating leases as held for sale when we have entered into a contract to sell the property, all material due diligence requirements have been satisfied, and we believe it is probable that the disposition will occur within one year. When we classify an asset as held for sale, we compare the asset’s fair value less estimated cost to sell to its carrying value, and if the fair value less estimated cost to sell is less than the property’s carrying value, we reduce the carrying value to the fair value less estimated cost to sell. We base the fair value on the contract and the estimated cost to sell on information provided by brokers and legal counsel. We will continue to review the property for subsequent changes in the fair value and may recognize an additional impairment charge if warranted. Direct Financing Leases — We review our direct financing leases at least annually to determine whether there has been an other-than-temporary decline in the current estimate of residual value of the property. The residual value is our estimate of what we could realize upon the sale of the property at the end of the lease term, based on market information and third-party estimates where available. If this review indicates that a decline in residual value has occurred that is other-than-temporary, we recognize an impairment charge equal to the difference between the fair value and carrying amount of the residual value. We also assess the carrying amount for recoverability and if, as a result of the decreased expected cash flows, we determine that our carrying value is not fully recoverable, we record an allowance for credit losses to reflect the change in the estimate of the future cash flows that includes rent. Accordingly, the net investment balance is written down to fair value. When we enter into a contract to sell the real estate assets that are recorded as direct financing leases, we evaluate whether we believe it is probable that the disposition will occur. If we determine that the disposition is probable, we will classify the net investment as held for sale and write down the net investment to its fair value if the fair value is less than the carrying value. Equity Investments in Real Estate — We evaluate our equity investments in real estate on a periodic basis to determine if there are any indicators that the value of our equity investment may be impaired and whether or not that impairment is other-than-temporary. To the extent an impairment has occurred and is determined to be other-than-temporary, we measure the charge as the excess of the carrying value of our investment over its estimated fair value, which is determined by calculating our share of the estimated fair market value of the underlying net assets based on the terms of the applicable partnership or joint venture agreement. For our equity investments in real estate, we calculate the estimated fair value of the underlying investment’s real estate or net investment in direct financing lease as described in Real Estate and Direct Financing Leases above. The fair value of the underlying investment’s debt, if any, is calculated based on market interest rates and other market information. The fair value of the underlying investment’s other financial assets and liabilities (excluding net investments in direct financing leases) have fair values that generally approximate their carrying values. Goodwill — We evaluate goodwill for possible impairment at least annually or upon the occurrence of a triggering event using a two-step process. A triggering event is an event or circumstance that would more likely than not reduce the fair value of a reporting unit below its carrying amount, including sales of properties defined as businesses for which the relative size of the sold property is significant to the reporting unit, that could impact our goodwill impairment calculations. The goodwill impairment test is a two-step test. However, we have the option to qualitatively assess any potential impairment via step zero prior to analyzing steps one and two quantitatively. In this step, the macroeconomic environment in which the reporting unit operates is analyzed for any significant changes, such as deterioration in a market in which we operate or deterioration in overall financial performance, such as declining cash flows. Also, entity-specific changes are analyzed, such as changes in management, strategy, or composition of reporting unit. If, after assessing the overall macroeconomic environment, it is unlikely that the fair value is less than the carrying value, steps one and two do not need to be performed. If step zero is not considered, the first step is to compare the estimated fair value of each of our reporting units with their respective carrying amount, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, we do not consider goodwill to be impaired and no further analysis is required. If the carrying amount of the reporting unit exceeds its estimated fair value, we then perform the second step to determine and measure the amount of the potential impairment charge. For the second step, if it were required, we compare the implied fair value of the goodwill for each reporting unit with its respective carrying amount and record an impairment charge equal to the excess of the carrying amount over the implied fair value. We would determine the implied fair value of the goodwill by allocating the estimated fair value of the reporting unit to its assets and liabilities. The excess of the estimated fair value of the reporting unit over the amounts assigned to its assets and liabilities is the implied fair value of the goodwill. Debt Securities — We have investments in debt securities that are designated as securities held to maturity. On a quarterly basis, we evaluate our debt securities to determine if they have experienced an other-than temporary decline in value. If the market value of the debt security is below its amortized cost, and we either intend to sell the security or it is more likely than not that we will be required to sell the security before its anticipated recovery, we record the entire amount of the other-than-temporary impairment charge in earnings. Additionally, we consider the significance of the decline and other factors contributing to the decline, such as delinquency, expected credit losses, the length of time that the fair market value has been below cost, and expected market conditions (including volatility), in our analysis of whether a decline is other than temporary. Under current authoritative accounting guidance, if the debt security’s market value is below its amortized cost and we either intend to sell the security or it is more likely than not that we will be required to sell the security before its anticipated recovery, we record the entire amount of the other-than-temporary impairment charge in earnings. We do not intend to sell our debt securities and we do not expect that it is more likely than not that we will be required to sell these investments before their anticipated recovery. However, if we determine that an other-than-temporary impairment has occurred, we calculate the total impairment charge as the difference between the carrying value of our debt securities and their estimated fair value. We then separate the other-than-temporary impairment charge into the non-credit loss portion and the credit loss portion. We determine the non-credit loss portion by analyzing the changes in spreads on high credit quality debt securities as compared with the changes in spreads on the debt securities being analyzed for other-than-temporary impairment. We generally perform this analysis over a time period from the date of acquisition of the debt securities through the date of the analysis. Any resulting loss is deemed to represent losses due to the illiquidity of the debt securities and is recorded as a separate component of other comprehensive loss in equity. We then measure the credit loss portion of the other-than-temporary impairment as the residual amount of the other-than-temporary impairment. We record the non-credit loss portion in earnings. Following recognition of the other-than-temporary impairment, the difference between the new cost basis of the debt securities and cash flows expected to be collected is accreted to Other interest income over the remaining expected lives of the securities. Other Accounting Policies 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. On January 1, 2016, we adopted the Financial Accounting Standards Board’s, or FASB’s, Accounting Standards Update, or ASU, 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis , as described in the Recent Accounting Pronouncements section below, which amends the current consolidation guidance, including introducing a separate consolidation analysis specific to limited partnerships and other similar entities. When we obtain an economic interest in an entity, we evaluate the entity to determine if it should be deemed a variable interest entity, or VIE, and, if so, whether we are the primary beneficiary and are therefore required to consolidate the entity. 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 or joint-venture agreement, can cause us to consider an entity a VIE. Limited partnerships and other similar entities that operate as a partnership will be considered a VIE unless the limited partners hold substantive kick-out rights or participation rights. Significant judgment is required to determine whether a VIE should be consolidated. We review the contractual arrangements provided for in the partnership agreement or other related contracts to determine whether the entity is considered a VIE, and to establish whether we have any variable interests in the VIE. We then compare our variable interests, if any, to those of the other variable interest holders to determine which party is the primary beneficiary of the VIE based on whether the entity (i) has the power to direct the activities that most significantly impact the economic performance of the VIE and (ii) has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. We performed this analysis on all of our subsidiary entities following the guidance in ASU 2015-02 to determine whether they qualify as VIEs and whether they should be consolidated or accounted for as equity investments in an unconsolidated venture. As a result of this change in guidance, we determined that 15 entities that were previously classified as voting interest entities should be classified as VIEs as of January 1, 2016 and therefore included in our VIE disclosures. However, there was no change in determining whether or not we consolidate these entities as we continue not to be the primary beneficiary. We elected to retrospectively adopt ASU 2015-02, which resulted in changes to our VIE disclosures. There were no other changes to our consolidated balance sheets or results of operations for the periods presented. The liabilities of these VIEs are non-recourse to us and can only be satisfied from each VIE’s respective assets. At December 31, 2016 , we considered 27 entities VIEs, 13 of which we consolidated as we are considered the primary beneficiary and one of which we accounted for as a loan receivable. The following table presents a summary of selected financial data of the consolidated VIEs, included in the consolidated balance sheets (in thousands): December 31, 2016 2015 Net investments in properties $ 313,000 $ 309,030 Net investments in direct financing leases 315,251 303,112 In-place lease and tenant relationship intangible assets, net 19,336 20,269 Other assets, net 65,557 66,654 Total assets 714,896 705,535 Non-recourse debt, net $ 265,874 $ 262,830 Accounts payable, accrued expenses and other liabilities 14,440 15,662 Deferred income taxes 15,687 10,675 Total liabilities 296,673 289,889 At both December 31, 2016 and 2015 , we had 13 unconsolidated VIEs, all of which we account for under the equity method of accounting. We do not consolidate these entities because we are not the primary beneficiary and the nature of our involvement in the activities of these entities allows us to exercise significant influence on, but does not give us power over, decisions that significantly affect the economic performance of these entities. As of December 31, 2016 and 2015 , the net carrying amount of our investments in these entities was $377.4 million and $432.6 million , respectively, and our maximum exposure to loss in these entities was limited to our investments. At December 31, 2016 , we had an investment in a tenancy-in-common interest in a portfolio of international properties. Consolidation of this investment is not required as such interest does not qualify as a VIE and does not meet the control requirement for consolidation. Accordingly, we account for this investment using the equity method of accounting. We use the equity method of accounting because the shared decision-making involved in a tenancy-in-common interest investment provides us with significant influence on the operating and financial decisions of this investment. At times, the carrying value of our equity investments may fall below zero for certain investments. We intend to fund our share of the jointly owned investments’ future operating deficits should the need arise. However, we have no legal obligation to pay for any of the liabilities of such investments nor do we have any legal obligation to fund operating deficits. At December 31, 2016 , none of our equity investments had carrying values below zero. Reclassifications — Certain prior period amounts have been reclassified to conform to the current period presentation. We currently present Loss on extinguishment of debt on its own line item in the consolidated financial statements, which was previously included in Other income and (expenses). On January 1, 2016, we adopted ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) as described in the Recent Accounting Pronouncements section below . ASU 2015-03 changes the presentation of debt issuance costs, which were previously recognized as an asset and requires that they be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. As a result of adopting this guidance, we reclassified $12.8 million of deferred financing costs, net from Other assets, net to Non-recourse debt, net and Senior Credit Facility, net as of December 31, 2015. Real Estate and Operating Real Estate — We carry land, buildings, and personal property at cost less accumulated depreciation. We capitalize improvements and significant renovations that extend the useful life of the properties, while we expense replacements, maintenance, and repairs that do not improve or extend the lives of the respective assets as incurred. Real Estate Under Construction — For properties under construction, operating expenses, including interest charges and other property expenses (e.g. real estate taxes, insurance and legal costs) are capitalized rather than expensed. We capitalize interest by applying the interest rate applicable to any funding specific to the property or the interest rate applicable to outstanding borrowings to the average amount of accumulated qualifying expenditures for properties under construction during the period. Acquisition, Development, and Construction Loans — We provide funding to developers for the acquisition, development, and construction of real estate, or ADC Arrangements. Under such ADC Arrangements, we may participate in the residual profits of the project through the sale or refinancing of the property. We evaluate these arrangements to determine if they have characteristics similar to a loan or if the characteristics are more similar to a joint venture or partnership, such as participating in the risks and rewards of the project as an owner or an investment partner. For those arrangements with characteristics of a loan, we follow the accounting guidance for loans and disclose within our Finance Receivables footnote ( Note 5 ). When we determine that the characteristics are more similar to a jointly owned investment or partnership, we account for those arrangements under the equity method of accounting ( Note 6 ). Once the investment or partnership begins operations, we use the hypothetical liquidation at book value method to calculate income or loss (which considers the principal and interest under the loan to be a preferential return). Assets Held for Sale — We classify those assets that are associated with operating leases as held for sale when we have entered into a contract to sell the property, all material due diligence requirements have been satisfied, and we believe it is probable that the disposition will occur within one year. Assets held for sale are recorded at the lower of carrying value or estimated fair value, less estimated cost to sell. Real Estate Sales — In the unlikely event that we decide not to sell a property previously classified as held for sale, we reclassify the property as held and used. We measure and record a property that is reclassified as held and used at the lower of (i) its carrying amount before the property was classified as held for sale, adjusted for any depreciation expense that would have been recognized had the property been continuously classified as held and used or (ii) the estimated fair value at the date of the subsequent decision not to sell. We recognize gains and losses on the sale of properties when, among other criteria, we no longer have continuing involvement, the parties are bound by the terms of the contract, all consideration has been exchanged, and all conditions precedent to closing have been performed. At the time the sale is consummated, a gain or loss is recognized as the difference between the sale price, less any selling costs, and the carrying value of the property. Loans Receivable — For investments in mortgage notes and loan participations, the loans are initially reflected at acquisition cost, which consists of the outstanding balance, net of the acquisition discount or premium. We amortize any discount or premium as an adjustment to increase or decrease, respectively, the yield realized on these loans over the life of the loan. As such, differences between carrying value and principal balances outstanding do not represent embedded losses or gains as we generally plan to hold such loans to maturity. Our loans receivable are included in Other assets, net in

Agreements and Transactions wit

Agreements and Transactions with Related Parties	12 Months Ended
	Dec. 31, 2016
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. We also reimburse our Advisor for general and administrative duties performed on our behalf. The advisory agreement has a term of one year and may be renewed for successive one-year periods. We may terminate the advisory agreement upon 60 days’ written notice without cause or penalty. 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 relevant agreements (in thousands): Years Ended December 31, 2016 2015 2014 Amounts Included in the Consolidated Statements of Income Asset management fees $ 29,705 $ 29,192 $ 26,694 Available Cash Distributions 24,765 24,668 20,427 Personnel and overhead reimbursements 9,684 12,199 11,931 Acquisition expenses 2,844 430 2,637 Interest expense on deferred acquisition fees and loan from affiliate 238 309 516 Share-based compensation 100 100 100 $ 67,336 $ 66,898 $ 62,305 Acquisition Fees Capitalized Current acquisition fees $ 3,985 $ 8,180 $ 3,979 Deferred acquisition fees 3,188 6,325 2,510 Personnel and overhead reimbursements 584 858 — $ 7,757 $ 15,363 $ 6,489 The following table presents a summary of amounts included in Due to affiliates in the consolidated financial statements (in thousands): December 31, 2016 2015 Due to Affiliates Deferred acquisition fees, including interest $ 6,584 $ 6,134 Reimbursable costs 2,299 3,150 Asset management fees payable 2,250 2,497 Accounts payable 360 6 Current acquisition fees 230 1,847 $ 11,723 $ 13,634 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-leased 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. The preferred return was achieved as of each of the cumulative periods ended December 31, 2016 , 2015 , and 2014 . For certain types of non-long term net-leased investments, initial acquisition fees are between 1.0% and 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 are payable at the discretion of our board of directors. Asset Management Fees and Available Cash Distribution As described 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. Asset management fees are payable in cash and/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 $10.24 as of December 31, 2015. For 2016 and 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% of its asset management fees in shares of our common stock. At December 31, 2016 , our Advisor owned 11,874,009 shares ( 3.5% ) 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 entities that are managed by our Advisor, including Corporate Property Associates 18 – Global Incorporated, or CPA ® :18 – Global; Carey Watermark Investors Incorporated, or CWI 1; Carey Watermark Investors 2 Incorporated, or CWI 2; Carey Credit Income Fund, or CCIF; and Carey European Student Housing Fund I, L.P., or CESH I; collectively referred to herein as the Managed Programs. Our Advisor allocates these expenses to us on the basis of our trailing four quarters of reported revenues in comparison to 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 for 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 relating to services performed for different types of transactions, such as financings, lease amendments, and dispositions, among other categories, and includes 0.25% of the total investment cost of an acquisition. In general, personnel and overhead reimbursements are included in General and administrative expenses in the consolidated financial statements. However, we capitalize certain of the costs related to our Advisor’s legal transactions group if the costs relate to a transaction that is not considered to be a business combination. Excess Operating Expenses 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, subject to certain conditions. 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. In July 2015, we obtained loans from WPC aggregating $25.0 million to fund asset acquisitions. The loans had a rate of London Interbank Offered Rate, or LIBOR, plus 1.1% and were fully repaid in August 2015 with proceeds from our Revolver ( Note 10 ), at which time the WPC line of credit was terminated. Jointly Owned Investments and Other Transactions with Affiliates At December 31, 2016 , 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 6 ). At December 31, 2016 , we had an amount due from an affiliate of $0.9 million primarily related to one of our jointly owned investments.

Net Investments in Properties a

Net Investments in Properties and Real Estate Under Construction	12 Months Ended
	Dec. 31, 2016
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): December 31, 2016 2015 Land $ 563,050 $ 560,257 Buildings and improvements 2,182,374 2,098,620 Less: Accumulated depreciation (280,657 ) (225,867 ) $ 2,464,767 $ 2,433,010 The carrying value of our real estate decreased by $32.6 million from December 31, 2015 to December 31, 2016 , due to the strengthening of the U.S. dollar relative to foreign currencies, particularly the euro and British pound sterling, during the period. Depreciation expense, including the effect of foreign currency translation, on our real estate and operating real estate for the years ended December 31, 2016 , 2015 , and 2014 was $70.9 million , $66.3 million , and $63.8 million , respectively. Acquisitions of Real Estate During 2016 During the year ended December 31, 2016 , we acquired the following investments, which were deemed to be business combinations because we assumed the existing leases on the properties, at a total cost of $51.2 million , including land of $6.7 million , buildings of $40.2 million , and net lease intangibles of $4.3 million ( Note 7 ): • $17.3 million for a student housing accommodation in Jacksonville, Florida on January 8, 2016; • $4.2 million for an industrial facility in Houston, Texas on February 10, 2016; • $16.9 million for an office building in Oak Creek, Wisconsin on September 1, 2016; and • $12.8 million for a warehouse and light manufacturing building in Perrysburg, Ohio on September 30, 2016. In connection with these investments, we expensed acquisition-related costs and fees totaling $2.6 million , which are included in Acquisition expenses in the consolidated financial statements. We are still in the process of finalizing our purchase accounting for certain investments that we made during 2016, which may result in measurement period adjustments in future periods in accordance with ASU 2015-16, Business Combinations . During the year ended December 31, 2016 , we capitalized $10.4 million of building improvements with existing tenants of our net-leased properties. During 2016, 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 $134.8 million , including land of $8.6 million , buildings of $97.0 million (including acquisition-related costs of $7.1 million , which were capitalized), and net intangibles of $29.2 million ( Note 7 ): • an investment of $38.2 million for five distribution centers located in Tiffin, Ohio; Kalamazoo, Michigan; Andersonville, Tennessee; Shelbyville, Indiana; and Millwood, West Virginia on November 1, 2016; • an investment of $32.6 million for a facility located in Zabia Wola, Poland on November 29, 2016. In addition, we recorded a deferred tax liability of $2.1 million partially offset by intangible assets of $2.0 million and land of $0.1 million related to this transaction (amounts are based on the exchange rate of the euro on the date of acquisition); and • an investment of $64.0 million for a facility located in Kaunas, Lithuania on December 14, 2016. In addition, we recorded a deferred tax liability of $0.5 million partially offset by building and improvements and intangible assets (amounts are based on the exchange rate of the euro on the date of acquisition). Acquisitions of Real Estate During 2015 During 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 $284.2 million , including net intangibles of $69.3 million and acquisition-related costs and fees of $13.6 million , which were capitalized: • an investment of $22.2 million for an office facility in San Antonio, Texas on January 16, 2015; • an investment of $63.8 million for two warehouse facilities in Mszczonów and Tomaszów Mazowiecki, Poland on February 26, 2015 (amount is based on the exchange rate of the euro on the date of acquisition); • an investment of $68.8 million primarily for four retail facilities in Fargo, North Dakota and Ashwaubenon, Brookfield, and Wauwatosa, Wisconsin on June 26, 2015; • an investment of $22.4 million primarily for a warehouse facility in Sered, Slovakia on July 9, 2015 (amount is based on the exchange rate of the euro on the date of acquisition); • an investment of $33.2 million for an industrial facility in Tuchomerice, Czech Republic on December 10, 2015 (amount is based on the exchange rate of the euro on the date of acquisition); and • an investment of $73.8 million for an office facility in Warsaw, Poland on December 11, 2015 (amount is based on the exchange rate of the euro on the date of acquisition). During the year ended December 31, 2015, we placed into service four build-to-suit projects totaling $130.7 million and capitalized $8.0 million of building improvements with existing tenants. Scheduled Future Minimum Rents Scheduled future minimum rents, exclusive of renewals, expenses paid by tenants, and future CPI-based adjustments, under non-cancelable operating leases at December 31, 2016 are as follows (in thousands): Years Ending December 31, Total 2017 $ 273,850 2018 276,352 2019 277,570 2020 281,007 2021 283,365 Thereafter 2,696,890 Total $ 4,089,034 Operating Real Estate Operating real estate, which consists of our wholly owned domestic self-storage operations, at cost, is summarized as follows (in thousands): December 31, 2016 2015 Land $ 55,645 $ 66,066 Buildings and improvements 203,326 209,455 Less: Accumulated depreciation (18,876 ) (30,308 ) $ 240,095 $ 245,213 During the year ended December 31, 2016 , we capitalized $1.2 million of building improvements related to our operating properties. Acquisitions of Operating Real Estate During 2016 In 2013, we acquired a 45% equity interest and 40% indirect economic interest in Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC, which were previously accounted for under the equity method of accounting and included in Equity investments in real estate in the consolidated financial statements. On April 11, 2016, we acquired the remaining 15% controlling interest in these entities at a total cost of $22.0 million and, as a result, gained 100% of the economic interest and consolidated this investment. In connection with this business combination, we expensed acquisition-related costs and fees of $3.7 million , which are included in Acquisition expenses in the consolidated financial statements. Due to the change in control resulting from the acquisition of this controlling interest, we accounted for this acquisition using the purchase method of accounting. We recorded a non-cash gain on change in control of interests of $49.9 million during 2016, which was the difference between the carrying value of $15.1 million and the fair value of $64.9 million from our previously held equity interest on April 11, 2016. On October 26, 2016, we exercised our option to purchase the additional 40% indirect economic interest in Madison Storage NYC, LLC from CIF Storage LLC, and as a result, we directly own 100% of these four entities at December 31, 2016 . There was no cash transfer for this additional interest as we previously owned this 40% interest indirectly. At December 31, 2016 , we have a 45% equity interest and 40% indirect economic interest in the Veritas Group IX-NYC, LLC property, which is deemed to be a VIE. The following tables present a summary of assets acquired and liabilities assumed, and revenues and earnings thereon since the date of acquisition through December 31, 2016 (in thousands): Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC Cash consideration $ 11,363 Assets acquired at fair value: Land (a) $ 26,941 Buildings (a) 109,399 In-place lease intangible assets (a) 9,783 Other assets acquired 1,705 147,828 Liabilities assumed at fair value: Non-recourse debt, net (70,578 ) Other liabilities assumed (831 ) (71,409 ) Total identifiable net assets 76,419 Gain on change in control of interests (49,922 ) Carrying value of previously held equity investment (15,134 ) $ 11,363 Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC April 11, 2016 through December 31, 2016 Revenues $ 7,166 Net loss (b) (c) $ (9,021 ) Net loss attributable to CPA ® :17 – Global (b) (c) $ (9,021 ) ___________ (a) The purchase price for this transaction was allocated to the assets acquired and liabilities assumed based upon its preliminary fair value. The information in this table is based on the best estimates of management as of the date of this Report. We are in the process of finalizing our assessment of the fair value of the assets acquired and liabilities assumed; accordingly, the fair value of the assets acquired and liabilities assumed are subject to change. (b) Excludes a $49.9 million gain on change in control of interests. (c) Includes equity in losses of equity method investments in real estate of $0.4 million . Pro Forma Financial Information The following consolidated pro forma financial information presents our financial results as if this business combination had occurred as of January 1, 2015. The pro forma financial information is not necessarily indicative of what the actual results would have been had the acquisition actually occurred on January 1, 2015, nor does it purport to represent the results of operations for future periods. (In thousands, except per share data) Years Ended December 31, 2016 2015 Pro forma total revenues $ 442,972 $ 437,295 Pro forma net income (a) $ 184,487 $ 165,489 Pro forma net income attributable to noncontrolling interests (38,863 ) (39,915 ) Pro forma net income attributable to CPA ® :17 – Global $ 145,624 $ 125,574 Pro forma basic and diluted weighted-average shares outstanding 342,147,444 334,468,362 Pro-forma basic and diluted income per share $ 0.43 $ 0.38 ___________ (a) Pro forma net income for 2015 includes a gain on change in control of interests of $49.9 million and transaction costs of $3.7 million as if they were recognized on January 1, 2015. Dispositions of Operating Real Estate During 2016 During 2016, we sold 34 self-storage properties. As a result, the carrying value of our Operating real estate decreased by $137.1 million from December 31, 2015 to December 31, 2016 ( Note 14 ). Real Estate Under Construction The following table provides the activity of our Real estate under construction (in thousands): Years Ended December 31, 2016 2015 Beginning balance $ 1,068 $ 110,983 Placed into service (23,819 ) (130,704 ) Capitalized funds 22,762 20,064 Capitalized interest — 2,200 Foreign currency translation adjustments (11 ) (1,475 ) Ending balance $ — $ 1,068 Capitalized Funds — During 2016 , we capitalized real estate under construction totaling $22.8 million , including accrued costs of $8.4 million in non-cash investing activity, $13.2 million in funding build-to-suit activity, and $1.1 million funded for tenant improvements. During 2015 , total capitalized funds were primarily comprised of $7.4 million in construction draws related to three existing build-to-suit projects and $11.7 million for the funding of one new build-to-suit project, which is an expansion of property acquired in a prior year. Placed into Service — During 2016 , we reclassified $23.8 million from Real estate under construction to Real estate, at cost, which primarily related to three build-to-suit projects that were placed into service. During 2015 , we placed four build-to-suit projects into service, of which three were partially completed and one was completed as of December 31, 2015 , in the amount of $130.7 million . The total was reclassified to 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 for the year ended December 31, 2015 . No interest was capitalized for the year ended December 31, 2016 . Ending Balance — At December 31, 2016 we had no open build-to-suit projects and three open build-to-suit projects at December 31, 2015 . The aggregate unfunded commitment on one substantially completed build-to-suit investment and certain other tenant improvements totaled approximately $8.7 million and $2.8 million at December 31, 2016 and 2015 , respectively. Assets Held for Sale Below is a summary of our properties held for sale (in thousands): December 31, 2016 2015 Real estate, net $ 14,850 $ — Assets held for sale $ 14,850 $ — At December 31, 2016 , we had a property classified as Assets held for sale ( Note 14 ). At December 31, 2015 , we did not have any properties classified as Assets held for sale. Asset Retirement Obligations We have recorded asset retirement obligations for the removal of asbestos and environmental waste in connection with certain of our investments. We estimated the fair value of the asset retirement obligations based on the estimated economic lives of the properties and the estimated removal costs provided by the inspectors. The liability was discounted using the weighted-average interest rate on the associated fixed-rate mortgage loans at the time the liability was incurred. The following table provides the activity of our asset retirement obligations, which are included in Accounts payable, accrued expenses and other liabilities in the consolidated financial statements (in thousands): Years Ended December 31, 2016 2015 Beginning balance $ 25,424 $ 23,271 Reductions due to dispositions (10,541 ) — Additions 1,888 825 Accretion expense (a) 1,292 1,467 Foreign currency translation adjustments and other (314 ) (139 ) Ending balance $ 17,749 $ 25,424 __________ (a) Accretion of the liability is included in Property expenses in the consolidated financial statements and recognized over the economic life of the properties.

Finance Receivables

Finance Receivables	12 Months Ended
	Dec. 31, 2016
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 Net investments in direct financing leases is summarized as follows (in thousands): December 31, 2016 2015 Minimum lease payments receivable $ 790,111 $ 782,255 Unguaranteed residual value 189,692 175,845 979,803 958,100 Less: unearned income (471,411 ) (462,536 ) $ 508,392 $ 495,564 The carrying value of our net investment in direct financing leases decreased by $4.7 million from December 31, 2015 to December 31, 2016 , due to the strengthening of the U.S. dollar relative to foreign currencies, particularly the euro, during the period. On February 10, 2016, we entered into a net lease financing transaction for an industrial facility in Houston, Texas for $4.2 million . In connection with this business combination, we expensed acquisition-related costs and fees of $0.3 million , which are included in Acquisition expenses in the consolidated financial statements. On April 8, 2016, we entered into a net lease financing transaction for six newspaper printing facilities in Ohio, North Carolina, Pennsylvania, and Missouri for $12.0 million , including capitalized acquisition-related costs and fees of $0.5 million . 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 . Scheduled Future Minimum Rents Scheduled future minimum rents, exclusive of renewals, expenses paid by tenants, and future CPI-based adjustments, under non-cancelable direct financing leases at December 31, 2016 are as follows (in thousands): Years Ending December 31, Total 2017 $ 56,991 2018 57,834 2019 (a) 306,381 2020 31,271 2021 31,676 Thereafter 305,958 Total $ 790,111 ___________ (a) Includes $250.0 million for a bargain purchase option that a tenant, The New York Times Company, may exercise to acquire the property it leases from us. 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 intended to be developed as a hotel. The loan had an interest rate of 7% and an original maturity date of February 3, 2016, subject to extension options. In connection with this transaction; we expensed acquisition-related costs and fees of $0.1 million during 2015, which are included in Acquisition expenses in the consolidated financial statements. During 2016, the borrower exercised multiple extension options until we received full repayment of the $12.6 million balance of this loan receivable on November 4, 2016. 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 was originally scheduled to mature on January 8, 2017 . Subsequent to December 31, 2016 , the loan was extended to July 7, 2017 . In connection with this transaction, during 2015 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 December 31, 2016 , the balance of the loan receivable including interest thereon was $31.5 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 was guaranteed by Shanghai Forte Land Co., Ltd.’s parent company, Fosun International Limited. It had an interest rate of 11% and was repaid in full to us on December 11, 2015. 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 December 31, 2016 and 2015 , we had no significant finance receivable balances that were past due and we had not established any allowances for credit losses. Additionally, there were no modifications of finance receivables during the years ended December 31, 2016 and 2015. 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 fourth quarter of 2016 . A summary of our finance receivables by internal credit quality rating is as follows (dollars in thousands): Number of Tenants / Obligors at December 31, Carrying Value at December 31, Internal Credit Quality Indicator 2016 2015 2016 2015 1 — — $ — $ — 2 2 1 61,949 2,264 3 9 10 412,075 429,212 4 5 4 65,868 108,132 5 — — — — $ 539,892 $ 539,608

Equity Investments in Real Esta

Equity Investments in Real Estate	12 Months Ended
	Dec. 31, 2016
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 ADC Arrangements. Under ADC Arrangements, we have provided 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 presents Equity in earnings in equity method investments in real estate, which represents our proportionate share of the income or losses of these investments, as well as certain adjustments related to other-than-temporary impairment charges and amortization of basis differences related to purchase accounting adjustments (in thousands): Years Ended December 31, 2016 2015 2014 Equity Earnings from Equity Investments: Net Lease (a) $ 15,271 $ 21,692 $ 12,571 Self Storage (394 ) (1,703 ) (1,878 ) All Other (b) (5,010 ) (1,762 ) 17,655 9,867 18,227 28,348 Amortization of Basis Differences on Equity Investments: Net Lease (3,077 ) (2,263 ) (3,381 ) Self Storage (39 ) (155 ) (155 ) All Other (3,489 ) (1,142 ) (739 ) (6,605 ) (3,560 ) (4,275 ) Equity in earnings of equity method investments in real estate $ 3,262 $ 14,667 $ 24,073 __________ (a) For the years ended December 31, 2016 and December 31, 2014 , amounts include impairment charges of $1.9 million and $0.8 million , respectively, related to certain of our equity investments ( Note 8 ). (b) As of December 31, 2016 , the carrying value of one of our investments was reduced to reflect a $22.8 million impairment of goodwill at the investee level to its fair value ( Note 8 ). In addition, we recorded $10.6 million of income recognized in conjunction with the termination of a management agreement and a $10.6 million gain representing the portion of losses guaranteed by the previous management company under the terms of the management agreement. 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 December 31, Lessee/Equity Investee Co-owner December 31, 2016 2016 2015 Net Lease: C1000 Logistiek Vastgoed B.V. (a) (b) WPC 85% $ 54,621 $ 59,629 U-Haul Moving Partners, Inc. and Mercury Partners, LP (c) WPC 12% 37,601 39,309 BPS Nevada, LLC (c) (d) Third Party 15% 23,036 22,007 Bank Pekao S.A. (a) (c) CPA ® :18 – Global 50% 23,025 25,785 State Farm (c) CPA ® :18 – Global 50% 17,603 18,587 Berry Plastics Corporation (c) WPC 50% 14,974 16,094 Apply Sørco AS (a) CPA ® :18 – Global 49% 12,528 15,170 Tesco plc (a) (c) (e) WPC 49% 10,807 11,849 Hellweg Die Profi-Baumärkte GmbH & Co. KG (referred to as Hellweg 2) (a) (c) (f) WPC 37% 10,125 12,212 Agrokor d.d. (referred to as Agrokor 5) (a) (c) CPA ® :18 – Global 20% 7,079 7,858 Eroski Sociedad Cooperativa – Mallorca (a) WPC 30% 6,576 6,790 Dick’s Sporting Goods, Inc. (c) WPC 45% 4,367 5,055 222,342 240,345 Self-Storage: Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC (g) Third Party N/A — 16,060 — 16,060 All Other: Shelborne Property Associates, LLC (referred to as Shelborne) (c) (d) (h) (i) Third Party 33% 127,424 148,121 IDL Wheel Tenant, LLC (c) (d) (h) Third Party N/A 37,124 44,387 BG LLH, LLC (c) (d) Third Party 7% 36,756 37,720 BPS Nevada, LLC - Preferred Equity (c) (j) Third Party N/A 27,459 27,514 228,763 257,742 $ 451,105 $ 514,147 __________ (a) The carrying value of this investment is affected by the impact of fluctuations in the exchange rate of the applicable foreign currency. (b) This investment represents a tenancy-in-common interest, whereby the property is encumbered by debt for which we are jointly and severally liable. The co-obligor is WPC and the amount due under the arrangement was approximately $68.4 million at December 31, 2016 . Of this amount, $58.1 million represents the amount we agreed to pay and is included within the carrying value of this investment at December 31, 2016 . (c) This investment is a VIE. (d) This investment is reported using the hypothetical liquidation at book value model. (e) On July 29, 2016, this investment refinanced a non-recourse mortgage loan that had an outstanding balance of $33.8 million with new financing of $34.6 million , of which our proportionate share was $17.0 million . The previous loan had an interest rate of 5.9% and a maturity date of July 31, 2016, while the new loan has an interest rate of Euro Interbank Offered Rate plus a margin of 3.3% and a term of five years. (f) In January 2017, our jointly owned Hellweg 2 equity investment repaid non-recourse mortgage loans with an aggregate principal balance of approximately $243.8 million , of which our interest was $89.0 million ( Note 17 ). During the fourth quarter of 2015, the German tax authority revoked its previous position on the application of a ruling in an unrelated matter by a Federal German tax court. Based on this change in position, the obligation for German real estate transfer taxes recorded in connection with our acquisition of the Partner’s remaining 5% equity interest in PropCo was no longer deemed probable of occurring. As a result, Hellweg 2 recorded a reversal of previously recognized gain on real estate transfer tax, of which our share was approximately $6.2 million and was recorded within Equity in earnings of equity method investments in real estate in our consolidated financial statements for the year ended December 31, 2015 . (g) At December 31, 2015, the carrying value of this investment included our 45% equity interest as well as a 40% indirect economic interest. On April 11, 2016, we acquired the remaining 15% controlling interest in these entities and, as a result, now have 100% of the economic interest and consolidate this investment as of December 31, 2016 . In addition, on October 26, 2016 we exercised our option to purchase the 40% indirect economic interest in Madison Storage NYC, LLC and therefore this investment is considered a voting interest entity as of December 31, 2016 . Veritas Group IX-NYC, LLC was considered a VIE at December 31, 2016 ( Note 4 ). (h) Represents a domestic ADC Arrangement. There was no unfunded balance on the loan related to this investment at December 31, 2016 . This investment was placed into service during 2015. (i) The carrying value as of December 31, 2016 includes a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value, partially offset by $10.6 million of income recognized in conjunction with the termination of a management agreement and a $10.6 million gain representing the portion of losses guaranteed by the previous management company under the terms of the management agreement. (j) This investment represents a preferred equity interest, with a preferred rate of return between 8% - 12% during 2015 and 12% during 2016 and thereafter until November 19, 2019, the date on which the preferred equity interest is redeemable. The following tables present combined summarized investee financial information of our equity method investment properties. Amounts provided are the total amounts attributable to the investment properties and do not represent our proportionate share (in thousands): December 31 or September 30 (as applicable), (a) 2016 2015 Real estate assets $ 3,293,234 $ 3,378,044 Other assets 773,576 728,439 Total assets 4,066,810 4,106,483 Debt 2,619,153 2,530,826 Accounts payable, accrued expenses and other liabilities 447,944 325,315 Total liabilities 3,067,097 2,856,141 Partners’/members’ equity $ 999,713 $ 1,250,342 Twelve Months Ended December 31 or September 30 (as applicable), (a) 2016 2015 2014 Revenues $ 815,161 $ 779,875 $ 595,228 Expenses 865,706 791,224 546,170 (Loss) income from continuing operations $ (50,545 ) $ (11,349 ) $ 49,058 __________ (a) We record our investments in BPS Nevada, LLC, BG LLH, LLC, IDL Wheel Tenant, LLC, and Shelborne Property Associates, LLC on a one quarter lag. Therefore, amounts in our financial statements for the years ended December 31, 2016 , 2015 , and 2014 are based on balances and results of operations from BPS Nevada, LLC, BG LLH, LLC, IDL Wheel Tenant, LLC, and Shelborne Property Associates, LLC as of and for the 12 months ended September 30, 2016 , 2015 , and 2014 , respectively. Aggregate distributions from our interests in other unconsolidated real estate investments were $57.8 million , $52.1 million , and $28.7 million for the years ended December 31, 2016 , 2015 , and 2014 , respectively. At December 31, 2016 and 2015 , the unamortized basis differences on our equity investments were $19.1 million and $26.5 million , respectively.

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	12 Months Ended
	Dec. 31, 2016
Intangible Assets And Liabilities [Abstract]
Intangible Assets and Liabilities	Intangible Assets and Liabilities In connection with our investment activity during 2016 , we recorded net lease intangibles comprised as follows (life in years, dollars in thousands): Weighted-Average Life Amount Finite-Lived Intangible Assets In-place lease 13.7 $ 48,151 Above-market rent 20.0 5,663 $ 53,814 Finite-Lived Intangible Liabilities Below-market rent 19.3 $ (5,454 ) Intangible assets and liabilities are summarized as follows (in thousands): December 31, 2016 December 31, 2015 Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite-Lived Intangible Assets In-place lease and tenant relationship 1 - 53 $ 620,149 $ (181,598 ) $ 438,551 $ 588,858 $ (143,635 ) $ 445,223 Above-market rent 3 - 40 91,895 (24,599 ) 67,296 88,288 (20,405 ) 67,883 Below-market ground leases 55 - 94 12,023 (508 ) 11,515 12,184 (322 ) 11,862 724,067 (206,705 ) 517,362 689,330 (164,362 ) 524,968 Indefinite-Lived Intangible Assets Goodwill 304 — 304 304 — 304 Total intangible assets $ 724,371 $ (206,705 ) $ 517,666 $ 689,634 $ (164,362 ) $ 525,272 Finite-Lived Intangible Liabilities Below-market rent 1 - 53 $ (120,725 ) $ 39,025 $ (81,700 ) $ (116,952 ) $ 21,364 $ (95,588 ) Above-market ground lease 49 - 88 (1,145 ) 46 (1,099 ) (1,145 ) 32 (1,113 ) Total intangible liabilities $ (121,870 ) $ 39,071 $ (82,799 ) $ (118,097 ) $ 21,396 $ (96,701 ) Net amortization of intangibles, including the effect of foreign currency translation, was $37.0 million , $36.7 million , and $38.0 million for years ended December 31, 2016 , 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. 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. We performed our annual test for impairment of goodwill during the fourth quarter of 2016 and no impairment was indicated. Goodwill resides within our Net Lease segment, which is also the reporting unit for goodwill impairment testing. Based on the intangible assets and liabilities recorded at December 31, 2016 , scheduled annual net amortization of intangibles for the next five calendar years and thereafter is as follows (in thousands): Years Ending December 31, Net (Increase) Decrease in Rental Income Increase to Amortization/Property Expenses Net 2017 $ (2,849 ) $ 42,808 $ 39,959 2018 466 35,008 35,474 2019 466 34,691 35,157 2020 458 34,563 35,021 2021 461 34,455 34,916 Thereafter (13,406 ) 267,442 254,036 $ (14,404 ) $ 448,967 $ 434,563

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair value of an asset is defined as the exit price, which is the amount that would either be received when an asset is sold or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-tier fair value hierarchy based on the inputs used in measuring fair value. These tiers are: Level 1, for which quoted market prices for identical instruments are available in active markets, such as money market funds, equity securities, and U.S. Treasury securities; Level 2, for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument, such as certain derivative instruments including interest rate caps, interest rate swaps, foreign currency forward contracts, and foreign currency collars; and Level 3, for securities and other derivative assets that do not fall into Level 1 or Level 2 and for which little or no market data exists, therefore requiring us to develop our own assumptions. Items Measured at Fair Value on a Recurring Basis The methods and assumptions described below were used to estimate the fair value of each class of financial instrument. For significant Level 3 items, we have also provided the unobservable inputs along with their weighted-average ranges. Derivative Assets — Our derivative assets, which are included in Other assets, net in the consolidated financial statements, are comprised of interest rate caps, interest rate swaps, foreign currency forward contracts, stock warrants, foreign currency collars, and a swaption ( Note 9 ). The interest rate caps, interest rate swaps, foreign currency forward contracts, foreign currency collars, 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 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 collars ( Note 9 ). These derivative instruments 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 category of measurements during the years ended December 31, 2016 , 2015 , and 2014 . Our other financial instruments had the following carrying values and fair values as of the dates shown (dollars in thousands): December 31, 2016 December 31, 2015 Level Carrying Value Fair Value Carrying Value Fair Value Non-recourse debt (a) (b) 3 $ 2,022,250 $ 2,053,353 $ 1,881,774 $ 1,937,459 Loans receivable (b) 3 31,500 31,500 44,044 44,044 CMBS (c) 3 4,027 7,470 2,765 8,739 ___________ (a) In accordance with ASU 2015-03, we reclassified deferred financing costs from Other assets, net to Non-recourse debt, net and Senior Credit Facility, net as of December 31, 2015 , for the amount of $12.8 million ( Note 2 ). The carrying value of Non-recourse debt, net includes unamortized deferred financing costs of $9.3 million and $12.5 million at December 31, 2016 and 2015, respectively. (b) We determined the estimated fair value of these financial instruments using a discounted cash flow model that estimates the present value of the future loan payments by discounting such payments at current estimated market interest rates. The estimated market interest rates take into account interest rate risk and the value of the underlying collateral, which includes quality of the collateral, the credit quality of the tenant/obligor, and the time until maturity. (c) At December 31, 2016 and 2015 , we had three separate tranches of CMBS investments, which are scheduled to mature between November 2017 and February 2018. The carrying value of our CMBS is inclusive of impairment charges for the years ended December 31, 2016 and 2015 , as well as accretion related to the estimated cash flows expected to be received. 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 December 31, 2016 and 2015 . 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. 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 the assets for which we recorded an impairment charge that was measured at fair value on a non-recurring basis (in thousands): Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Fair Value Total Fair Value Total Fair Value Total Impairment Charges Real estate $ 14,850 $ 29,183 $ — $ — $ — $ — CMBS 400 523 1,478 1,023 1,808 570 29,706 1,023 570 Equity investments in real estate 12,528 1,919 — — 7,662 766 $ 31,625 $ 1,023 $ 1,336 Impairment charges, and their related fair value measurements, recognized during 2016 , 2015 , and 2014 were as follows: Real Estate During the year ended December 31, 2016 , as a result of entering into a purchase agreement to sell one of our investments, which is currently classified as held for sale, we recognized an impairment charge of $29.2 million in order to reduce the carrying value of the property to its estimated fair value, net of estimated selling costs. The fair value measurements for the property approximated its estimated selling price, less estimated costs to sell. We used available information, including third-party broker information and internal discounted cash flow models (Level 3 inputs), in determining the fair value of this property. CMBS During the years ended December 31, 2016, 2015 and 2014, we incurred other-than-temporary impairment charges on certain tranches in our CMBS portfolio totaling $0.5 million , $1.0 million and $0.6 million , respectively, 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. Equity Investments in Real Estate During the year ended December 31, 2016 , we recognized an other-than-temporary impairment charge of $1.9 million on our Apply Sørco AS investment ( Note 6 ), to reduce the carrying value of a property held by the jointly owned investment to its estimated fair value due to a decline in market conditions. The fair value measurement related to the impairment charge was determined by estimating discounted cash flows using three significant unobservable inputs, which are the cash flow discount rate, the residual discount rate, and the residual capitalization rate equal to 8.8% , 7.8% , and 6.8% , respectively. Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement. During the year ended December 31, 2016 , our Shelborne equity method investment recorded a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value ( Note 6 ). The fair value measurement related to the impairment charge was determined by estimating discounted cash flows using three significant unobservable inputs, which are the cash flow discount rate, the residual discount rate, and the residual capitalization rate equal to 8.0% , 8.0% , and 6.8% , respectively. Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement. During the year ended December 31, 2014, we recognized an other-than-temporary impairment charge of $0.8 million on our Eroski Sociedad Cooperativa – Mallorca investment ( Note 6 ), to reduce the carrying value of a property held by the jointly owned investment to its estimated fair value due to a decline in market conditions. The fair value measurement related to the impairment charge was determined by estimating discounted cash flows using three significant unobservable inputs, which are the cash flow discount rate, the residual discount rate, and the residual capitalization rate equal to 11.8% , 10.5% , and 9.5% , respectively. Significant increases or decreases to these inputs in isolation would result in a significant change in the fair value measurement.

Risk Management and Use of Deri

Risk Management and Use of Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Risk Management and Use of Derivative Financial Instruments	Risk Management and Use of Derivative Financial Instruments Risk Management In the normal course of our ongoing business operations, we encounter economic risk. There are four main components of economic risk that impact us: interest rate risk, credit risk, market risk, and foreign currency risk. We are primarily subject to interest rate risk on our interest-bearing liabilities, including the Senior Credit Facility ( Note 10 ). 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 qualifies, 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 December 31, 2016 December 31, 2015 December 31, 2016 December 31, 2015 Foreign currency forward contracts Other assets, net $ 38,735 $ 41,850 $ — $ — Foreign currency collars Other assets, net 522 4 — — Interest rate caps Other assets, net 79 — — — Interest rate swaps Other assets, net 54 — — — Interest rate swaps Accounts payable, accrued expenses and other liabilities — — (6,011 ) (10,732 ) Foreign currency collars Accounts payable, accrued expenses and other liabilities — — (4 ) (109 ) Derivatives Not Designated as Hedging Instruments Stock warrants Other assets, net 1,848 1,782 — — Swaption Other assets, net 264 309 — — Interest rate swap Accounts payable, accrued expenses and other liabilities — — (173 ) — Total derivatives $ 41,502 $ 43,945 $ (6,188 ) $ (10,841 ) 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 December 31, 2016 and 2015 , 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) Income (Effective Portion) Years Ended December 31, Derivatives in Cash Flow Hedging Relationships 2016 2015 2014 Interest rate swaps $ 4,174 $ 2,715 $ (5,542 ) Foreign currency forward contracts (2,224 ) 18,126 29,313 Foreign currency collars 628 (107 ) (290 ) Interest rate caps (a) 4 — 913 Derivatives in Net Investment Hedging Relationships (b) Foreign currency forward contracts (241 ) 417 484 Foreign currency collars (5 ) 2 — Derivatives Formerly in Net Investment Hedging Relationships (c) Foreign currency forward contracts — — 4,511 Total $ 2,336 $ 21,153 $ 29,389 Amount of Gain (Loss) Reclassified from Other Comprehensive (Loss) Income into Income (Effective Portion) Derivatives in Cash Flow Hedging Relationships Location of Gain (Loss) Reclassified to Income Years Ended December 31, 2016 2015 2014 Foreign currency forward contracts Other income and (expenses) $ 7,558 $ 8,083 $ 1,145 Interest rate swaps Interest expense (6,339 ) (7,837 ) (7,057 ) Interest rate caps Interest expense — — (913 ) Foreign currency collars Other income and (expenses) — — 751 Total $ 1,219 $ 246 $ (6,074 ) __________ (a) Includes gains attributable to a noncontrolling interest of $0.4 million for the year ended December 31, 2014. (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 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 2015. Amounts reported in Other comprehensive loss related to interest rate swaps will be reclassified to Interest expense as interest is incurred 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 December 31, 2016 , we estimated that an additional $1.1 million and $9.8 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) Recognized in Income on Derivatives Derivatives Not in Cash Flow Hedging Relationships Location of Gain (Loss) Recognized in Income Years Ended December 31, 2016 2015 2014 Stock warrants Other income and (expenses) $ 66 $ (66 ) $ 66 Swaption Other income and (expenses) (45 ) (196 ) (700 ) Interest rate swap Interest expense 6 — — Embedded credit derivatives Other income and (expenses) — 177 1,378 Foreign currency forward contracts Other income and (expenses) — (16 ) 364 Foreign currency collars Other income and (expenses) — (8 ) — Derivatives in Cash Flow Hedging Relationships Interest rate swaps (a) Interest expense 463 302 (88 ) Total $ 490 $ 193 $ 1,020 __________ (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, Caps, 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, interest rate cap 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. Interest rate caps limit the effective borrowing rate of variable–rate debt obligations while allowing participants to share downward shifts in interest rates. A swaption gives us the right but not the obligation to enter into an interest rate swap, of which the terms and conditions are set on the trade date, on a specified date in the future. Our objective in using these derivatives is to limit our exposure to interest rate movements. The interest rate swaps and swaption that our consolidated subsidiaries had outstanding at December 31, 2016 are summarized as follows (currency in thousands): Interest Rate Derivatives Number of Instruments Notional Amount Fair Value at December 31, 2016 (a) Designated as Cash Flow Hedging Instruments Interest rate swaps 14 231,481 USD $ (4,809 ) Interest rate swaps 6 63,585 EUR (1,148 ) Interest rate cap 1 6,394 GBP 41 Interest rate cap 1 12,324 EUR 38 Not Designated as Hedging Instrument Swaption 1 13,230 USD 264 Swap 1 4,960 EUR (173 ) $ (5,787 ) __________ (a) Fair value amount is based on the exchange rate of the euro at December 31, 2016 , as applicable. Foreign Currency Contracts We are exposed to foreign currency exchange rate movements, primarily in the euro and, to a lesser extent, the British pound sterling, the Japanese yen, and the Norwegian krone. We manage foreign currency exchange rate movements by generally placing our debt service obligation on an investment in the same currency as the tenant’s rental obligation to us. This reduces our overall exposure to the net cash flow from that investment. However, we are subject to foreign currency exchange rate movements to the extent that there is a difference in the timing and amount of the rental obligation and the debt service. Realized and unrealized gains and losses recognized in earnings related to foreign currency transactions are included in Other income and (expenses) in the consolidated financial statements. In order to hedge certain of our foreign currency cash flow exposures, we enter into foreign currency forward contracts and collars. A foreign currency forward contract is a commitment to deliver a certain amount of currency at a certain price on a specific date in the future. A foreign currency collar consists of a written call option and a purchased put option to sell the foreign currency at a range of predetermined exchange rates. By entering into forward contracts and holding them to maturity, we are locked into a future currency exchange rate for the term of the contract. A foreign currency collar guarantees that the exchange rate of the currency will not fluctuate beyond the range of the options’ strike prices. Our foreign currency forward contracts and foreign currency collars have maturities of 77 months or less. Certain of our foreign currency contracts are hedging the exposure to foreign currency risks of our net investments in a foreign operations, which we designate as net investment hedges. The following table presents the foreign currency derivative contracts we had outstanding and their designations at December 31, 2016 (currency in thousands): Foreign Currency Derivatives Number of Instruments Notional Amount Fair Value at December 31, 2016 Designated as Cash Flow Hedging Instruments Foreign currency forward contracts 61 122,794 EUR $ 35,199 Foreign currency zero-cost collars 2 15,100 EUR 522 Foreign currency forward contracts 13 9,389 NOK 181 Foreign currency zero-cost collars 3 2,000 NOK (2 ) Designated as Net Investment Hedging Instruments Foreign currency forward contracts 5 806,679 JPY 3,248 Foreign currency forward contracts 3 5,549 NOK 107 Foreign currency zero-cost collar 1 2,500 NOK (2 ) $ 39,253 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 December 31, 2016 . At December 31, 2016 , our total credit exposure was $38.6 million and the maximum exposure to any single counterparty was $17.5 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 December 31, 2016 , 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 $6.7 million and $11.4 million at December 31, 2016 and December 31, 2015 , respectively, which included accrued interest and any nonperformance risk adjustments. If we had breached any of these provisions at December 31, 2016 or December 31, 2015 , we could have been required to settle our obligations under these agreements at their aggregate termination value of $7.3 million and $11.9 million , respectively.

Debt

Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt	Debt Non-Recourse Debt Non-recourse debt consists of mortgage notes payable, which are collateralized by the assignment of real estate properties. For a list of our encumbered properties, see Schedule III — Real Estate and Accumulated Depreciation . At December 31, 2016 , our mortgage notes payable bore interest at fixed annual rates ranging from 1.9% to 10.9% and variable contractual annual rates ranging from 1.3% to 6.0% , with maturity dates ranging from 2017 to 2031 . Financing Activity During 2016 During 2016 , we obtained seven new non-recourse mortgage financings and completed two additional drawdowns on already existing mortgage financings totaling $170.9 million net of discounts with a weighted-average annual interest rate and term to maturity of 2.0% and 7.1 years, respectively. Additionally, in connection with the acquisition of the remaining 15% interest in a self-storage portfolio that we now control ( Note 4 ), we now consolidate the outstanding mortgage debt of this investment, which totaled $69.8 million net of discounts with a weighted-average annual interest rate of 4.5% and term to maturity of 1.1 years. During 2016 , we defeased seven non-recourse mortgage loans with outstanding principal balances totaling $121.9 million net of discounts and recognized losses on extinguishment of debt totaling $23.6 million primarily comprised of prepayment penalties and defeasance costs. These mortgage loans had a weighted-average interest rate and remaining term of maturity of 4.9% and 5.7 years, respectively, and encumbered a total of 52 self-storage properties, 34 of which were sold ( Note 14 ) and 18 of which were refinanced with new non-recourse mortgage loans totaling $65.9 million . These loans have a weighted-average interest rate and term to maturity of 3.0% and 4.8 years, respectively. Additionally, during 2016 , we refinanced four non-recourse mortgage loans totaling $206.4 million with new non-recourse mortgage financing totaling $211.8 million and recognized a loss on extinguishment of debt of $0.8 million . These mortgage loans have a weighted-average interest rate and term to maturity of 2.0% and 4.7 years, respectively. Financing Activity During 2015 During 2015, we obtained six new non-recourse mortgage financings and one refinancing totaling $170.2 million , with a weighted-average annual interest rate of 2.9% and term of 8.6 years, of which $37.4 million related to investments acquired during prior years and $132.8 million related to investments acquired during 2015. During 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 $15.9 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, which we refer to herein as the Credit Agreement. The Credit Agreement was amended on March 31, 2016 to clarify the Restricted Payments covenant (see below); no other terms were changed. 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, subject to lender approval, an accordion feature of $250.0 million . The Senior Credit Facility is scheduled to mature on August 26, 2018 , and 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 to interest expense over the remaining term of the Senior Credit Facility. The following table presents a summary of our Senior Credit Facility (dollars in thousands): Interest Rate at December 31, 2016 Outstanding Balance at December 31, Senior Credit Facility, net 2016 2015 Term Loan (a) LIBOR + 1.55% $ 49,751 $ — Revolver: Revolver - borrowing in U.S. dollars (a) —% — 112,834 $ 49,751 $ 112,834 __________ (a) Includes unamortized deferred financing costs and discounts. On September 30, 2016, we exercised the delayed draw option on our Term Loan and borrowed $50.0 million . The Term Loan bears interest at LIBOR + 1.55% and is scheduled to mature on August 26, 2018 , unless extended pursuant to its terms. At December 31, 2016 , availability under the Senior Credit Facility was $200.0 million . The Revolver and Term Loan are used for our working capital needs and for new investments, as well as for general corporate purposes. We are required to ensure that the total Restricted Payments (as defined in the amended Credit Agreement) in an aggregate amount in any fiscal year does not exceed the greater of 95% of MFFO and 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 December 31, 2016 . Scheduled Debt Principal Payments Scheduled debt principal payments for each of the next five calendar years following December 31, 2016 and thereafter through 2031 are as follows (in thousands): Years Ending December 31, Total 2017 $ 425,252 2018 (a) 140,063 2019 71,017 2020 234,858 2021 431,031 Thereafter through 2031 785,524 Total principal payments 2,087,745 Deferred financing costs (9,491 ) Unamortized discount, net (6,253 ) Total $ 2,072,001 __________ (a) Includes the $50.0 million Term Loan outstanding at December 31, 2016 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 December 31, 2016 . The carrying value of our Non-recourse debt decreased by $24.2 million from December 31, 2015 to December 31, 2016 due the strengthening of the U.S. dollar relative to foreign currencies, particularly the euro and the British pound sterling, during the same period.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies At December 31, 2016 , we were not involved in any material litigation. Various claims and lawsuits arising in the normal course of business are pending against us. The results of these proceedings are not expected to have a material adverse effect on our consolidated financial position or results of operations. See Note 4 for unfunded construction commitments.

Equity

Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Equity	Equity Distributions Distributions paid to stockholders consist of ordinary income, capital gains, return of capital, or a combination thereof for income tax purposes. The following table presents annualized distributions per share, declared and paid during the years ended December 31, 2016 , 2015 and 2014 , reported for tax purposes and serves as a designation of capital gain distributions, if applicable, pursuant to Internal Revenue Code Section 857(b)(3)(C) and Treasury Regulation § 1.857-6(e): Years Ended December 31, 2016 2015 2014 Ordinary income $ 0.1994 $ 0.3220 $ 0.3528 Capital gain 0.3103 — — Return of capital 0.1403 0.3280 0.2972 Total distributions paid $ 0.6500 $ 0.6500 $ 0.6500 During the fourth quarter of 2016 , our board of directors declared a quarterly distribution of $0.1625 per share, which was paid on January 13, 2017 to stockholders of record on December 30, 2016 , in the amount of $55.8 million . During the year ended December 31, 2016 , our board of directors declared distributions in the aggregate amount of $222.0 million , which equates to $0.6500 per share. 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): Gains and Losses on Derivative Instruments Gains and Losses on Marketable Securities Foreign Currency Translation Adjustments Total Balance at January 1, 2014 $ (16,717 ) $ (391 ) $ 3,666 $ (13,442 ) Other comprehensive loss before reclassifications 18,365 285 (93,401 ) (74,751 ) Amounts reclassified from accumulated other comprehensive loss to: Interest expense 7,970 — — 7,970 Other income and (expenses) (1,896 ) — — (1,896 ) Total 6,074 — — 6,074 Net current-period Other comprehensive loss 24,439 285 (93,401 ) (68,677 ) Net current-period Other comprehensive loss attributable to noncontrolling interests (411 ) — 1,523 1,112 Balance at December 31, 2014 7,311 (106 ) (88,212 ) (81,007 ) Other comprehensive loss before reclassifications 21,135 29 (81,037 ) (59,873 ) Amounts reclassified from accumulated other comprehensive loss to: Interest expense 7,837 — — 7,837 Other income and (expenses) (8,083 ) — — (8,083 ) Total (246 ) — — (246 ) Net current-period Other comprehensive loss 20,889 29 (81,037 ) (60,119 ) Net current-period Other comprehensive loss attributable to noncontrolling interests — — 1,321 1,321 Balance at December 31, 2015 28,200 (77 ) (167,928 ) (139,805 ) Other comprehensive loss before reclassifications 2,568 29 (18,785 ) (16,188 ) Amounts reclassified from accumulated other comprehensive loss to: Interest expense 6,339 — — 6,339 Other income and (expenses) (7,558 ) — — (7,558 ) Total (1,219 ) — — (1,219 ) Net current-period Other comprehensive loss 1,349 29 (18,785 ) (17,407 ) Net current-period Other comprehensive loss attributable to noncontrolling interests — — 536 536 Balance at December 31, 2016 $ 29,549 $ (48 ) $ (186,177 ) $ (156,676 )

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We have elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code. We believe we have operated, and we intend to continue to operate, in a manner that allows us to continue to qualify as a REIT. Under the REIT operating structure, we are permitted to deduct distributions paid to our stockholders and generally will not be required to pay U.S. federal income taxes. Accordingly, the only provision of income taxes in the consolidated financial statements relates to our taxable REIT subsidiaries. We conduct business in various states and municipalities within the United States, Europe, and Asia, and as a result, we file income tax returns in the U.S. federal jurisdiction and various states and certain foreign jurisdictions. Our tax returns are subject to audit by taxing authorities. Such audits can often take years to complete and settle. The components of our provision for income taxes for the periods presented are as follows (in thousands): Years Ended December 31, 2016 2015 2014 Federal Current $ 130 $ 110 $ 110 Deferred 4,327 954 7,078 4,457 1,064 7,188 State and Local Current (26 ) 840 426 Deferred 312 1,312 — 286 2,152 426 Foreign Current 3,677 3,787 2,600 Deferred 57 1,882 511 3,734 5,669 3,111 Total Provision $ 8,477 $ 8,885 $ 10,725 We recorded a deferred tax provision of $4.0 million , $2.3 million , and $7.1 million for certain of our equity investments in 2016, 2015, and 2014, respectively. We account for uncertain tax positions in accordance with ASC 740, Income Taxes . Our taxable subsidiaries recognize tax positions in the financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position. A position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement. A liability is established for differences between positions taken in a tax return and amounts recognized in the financial statements. The following table presents a reconciliation of the beginning and ending amount of unrecognized tax benefits (in thousands): Years Ended December 31, 2016 2015 Beginning balance $ 198 $ 589 Decrease due to lapse in statute of limitations (198 ) (362 ) Foreign currency translation adjustments — (29 ) Ending balance $ — $ 198 At December 31, 2016 we had no unrecognized tax benefits due to the lapse of the statute of limitations. We recognize interest and penalties related to uncertain tax positions in income tax expense. At December 31, 2016 , we had no accrued interest related to uncertain tax positions and at December 31, 2015 less than $0.1 million of accrued interest related to uncertain tax positions. Tax authorities in the relevant jurisdictions may select our tax returns for audit and propose adjustments before the expiration of the statute of limitations. Our tax returns filed for tax years 2012 through 2016 remain open to adjustment in the major tax jurisdictions. Deferred Income Taxes Our deferred tax assets before valuation allowances were $33.0 million and $33.1 million at December 31, 2016 and 2015 , respectively. Our deferred tax liabilities were $32.7 million and $24.9 million at December 31, 2016 and 2015 , respectively. We determined that $28.1 million and $29.0 million of our deferred tax assets did not meet the criteria for recognition under the accounting guidance for income taxes and accordingly, we established valuation allowances in those amounts at December 31, 2016 and 2015 , respectively. Our deferred tax asset, net of valuation allowance, is recorded in Other assets, net on our consolidated balance sheet. Our deferred tax assets and liabilities at December 31, 2016 and 2015 are primarily the result of temporary differences related to: • basis differences between tax and GAAP for real estate assets and equity investments (For income tax purposes, certain acquisitions have resulted in us assuming the seller’s basis, or the carry-over basis, in assets and liabilities for tax purposes. In accordance with purchase accounting requirements under GAAP, we record all of the acquired assets and liabilities at their estimated fair values at the date of acquisition. For our subsidiaries subject to income taxes in the United States or in foreign jurisdictions, we recognize deferred income tax liabilities representing the tax effect of the difference between the tax basis and the fair value of the tangible and intangible assets recorded at the date of acquisition for GAAP.); and • tax net operating losses in foreign jurisdictions that may be realized in future periods if we generate sufficient taxable income. At December 31, 2016 , we had net operating losses in U.S. federal, state, and foreign jurisdictions of approximately $35.1 million , $21.3 million , and $19.9 million , respectively. At December 31, 2015 , we had net operating losses in U.S. federal, state and foreign jurisdictions of approximately $30.8 million , $23.5 million , and $32.0 million , respectively. If not utilized, the U.S. federal net operating loss carryforwards will begin to expire in 2032 . The state and local net operating loss carryforwards will begin to expire in 2017 . Certain of our foreign net operating loss carryforwards began to expire in 2016 . The utilization of net operating losses may be subject to certain limitations under the tax laws of the relevant jurisdiction.

Property Dispositions

Property Dispositions	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Property Dispositions	Property Dispositions From time to time, we may decide to sell a property. We have an active capital recycling program, with a goal of extending the average lease term through reinvestment, improving portfolio credit quality through dispositions and acquisitions of assets, increasing the asset criticality factor in our portfolio, and/or executing strategic dispositions of assets. We may decide to dispose of a property due to vacancy, tenants electing not to renew their leases, tenant insolvency, or lease rejection in the bankruptcy process. In such cases, we assess whether we can obtain the highest value from the property by selling it, as opposed to re-leasing it. We may also sell a property when we receive an unsolicited offer or negotiate a price for an investment that is consistent with our strategy for that investment. When it is appropriate to do so, we classify the property as an asset held for sale on our consolidated balance sheet. Property Dispositions The results of operations for properties that have been sold or classified as held for sale are included in the consolidated financial statements and are summarized as follows (in thousands): Years Ended December 31, 2016 2015 2014 Revenues $ 32,170 $ 37,062 $ 39,211 Expenses (27,415 ) (32,457 ) (37,570 ) Gain on sale of real estate, net of tax 132,858 2,197 13,338 Impairment charges (29,183 ) — — Loss on extinguishment of debt (15,807 ) — — Provision for income taxes (24 ) (4 ) (29 ) Income from properties sold or classified as held for sale, net of income taxes $ 92,599 $ 6,798 $ 14,950 2016 — During 2016, we sold 34 self-storage properties for total proceeds of $259.1 million , net of selling costs and recognized a gain on the sale of these assets of $132.9 million in the aggregate. Proceeds from the sales were used to repay non-recourse mortgage loans encumbering the properties with outstanding principal balances aggregating $84.7 million , and as a result, we recorded a loss on extinguishment of debt of $15.8 million . During 2016, we entered into an agreement with a tenant that occupies the majority of a domestic office building to terminate its lease, contingent upon the sale of the property to a third party, which we currently expect to occur in the first quarter of 2017. In addition, during the fourth quarter of 2016, we entered into an agreement to sell the property to a third party and the buyer placed a non-refundable deposit of $2.5 million for the purchase of the property that was held in escrow. At December 31, 2016 , the land and building related to this property were classified as held for sale ( Note 4 ) (since it is probable that the sale will close) and an impairment charge of $29.2 million was recognized during the year ended December 31, 2016 related to the carrying value of the land and building. 2015 — In connection with the I Shops partial sale noted below, we recognized a gain on sale of real estate of $2.2 million during the year ended December 31, 2015. 2014 — 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 year ended December 31, 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 . None of our property dispositions during 2016, 2015, or 2014 qualified for classification as a discontinued operation.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We operate in two reportable business segments: Net Lease and Self Storage. Our Net Lease segment includes our domestic and foreign investments in net-leased properties, whether they are accounted for as operating or direct financing leases. Our Self Storage segment is comprised of our investments in self-storage properties. In addition, we have investments in loans receivable, CMBS, one hotel, and other properties, which are included in our All Other category . The following tables present a summary of comparative results and assets for these business segments (in thousands): Years Ended December 31, 2016 2015 2014 Net Lease Revenues $ 389,709 $ 366,904 $ 340,791 Operating expenses (a) (180,376 ) (136,838 ) (132,206 ) Interest expense (87,703 ) (85,138 ) (85,563 ) Other income and (expenses), excluding interest expense (b) 10,412 18,508 8,190 Provision for income taxes (2,887 ) (7,458 ) (9,486 ) Gain on sale of real estate, net of tax — 2,197 12,451 Net income attributable to noncontrolling interests (14,098 ) (15,247 ) (12,415 ) Net income attributable to CPA ® :17 – Global $ 115,057 $ 142,928 $ 121,762 Self-Storage Revenues $ 43,979 $ 46,418 $ 42,091 Operating expenses (36,094 ) (32,575 ) (32,797 ) Interest expense (8,744 ) (7,655 ) (7,723 ) Other income and (expenses), excluding interest expense (c) 25,920 (1,858 ) (2,032 ) Provision for income taxes (183 ) (167 ) (192 ) Gain on sale of real estate, net of tax 132,858 — 790 Net income attributable to CPA ® :17 – Global $ 157,736 $ 4,163 $ 137 All Other Revenues $ 6,674 $ 13,625 $ 13,824 Operating expenses (633 ) (1,712 ) (7,215 ) Interest expense (5 ) 404 906 Other income and (expenses), excluding interest expense (d) (8,419 ) (1,691 ) 17,541 Provision for income taxes (4,671 ) (150 ) (98 ) Gain on sale of real estate, net of tax — — 97 Net (loss) income attributable to CPA ® :17 – Global $ (7,054 ) $ 10,476 $ 25,055 Corporate Unallocated Corporate Overhead (e) $ (50,629 ) $ (48,694 ) $ (52,376 ) Net income attributable to noncontrolling interests – Available Cash Distributions $ (24,765 ) $ (24,668 ) $ (20,427 ) Total Company Revenues $ 440,362 $ 426,947 $ 396,706 Operating expenses (a) (263,802 ) (218,892 ) (221,226 ) Interest expense (98,813 ) (93,551 ) (93,001 ) Other income and (expenses), excluding interest expense (b) (c) (d) 27,080 16,304 21,901 Provision for income taxes (8,477 ) (8,885 ) (10,725 ) Gain on sale of real estate, net of tax 132,858 2,197 13,338 Net income attributable to noncontrolling interests (38,863 ) (39,915 ) (32,842 ) Net income attributable to CPA ® :17 – Global $ 190,345 $ 84,205 $ 74,151 Total Long-Lived Assets at December 31, (f) Total Assets at December 31, 2016 2015 2016 2015 Net Lease (g) $ 3,210,351 $ 3,169,885 $ 3,905,402 $ 3,956,239 Self-Storage 240,095 261,273 252,195 269,081 All Other 228,763 257,844 266,231 309,288 Corporate — — 275,095 78,582 Total Company $ 3,679,209 $ 3,689,002 $ 4,698,923 $ 4,613,190 ___________ (a) Includes an impairment charge of $29.2 million recognized on one property for the year ended December 31, 2016 ( Note 8 ). (b) For the years ended December 31, 2016 and 2014, amounts include impairment charges of $1.9 million and $0.8 million , respectively, related to certain of our equity investments ( Note 8 ). (c) Includes a Gain on change in control of interests of $49.9 million for the year ended December 31, 2016 ( Note 4 ). Includes loss on extinguishment of debt of $23.6 million for the year ended December 31, 2016 ( Note 10 ). (d) For the year ended December 31, 2016 , our Shelborne equity method investment recorded a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value, partially offset by $10.6 million of income recognized in conjunction with the termination of a management agreement and a $10.6 million gain representing the portion of losses guaranteed by the previous management company under the terms of the management agreement. (e) Included in unallocated corporate overhead are asset management fees, and general and administrative expenses, as well as interest expense and other charges related to our Senior Credit Facility. These expenses are calculated and reported at the portfolio level and not evaluated as part of any segment’s operating performance. (f) Includes Net investments in real estate and Equity investments in real estate. (g) Includes a property classified as Assets held for sale as of December 31, 2016 ( Note 14 ). Our portfolio is comprised of domestic and international investments. The following tables present the geographic information (in thousands): As of and for the Year Ended December 31, 2016 Texas Other Domestic International (a) Total Revenues $ 67,860 $ 255,939 $ 116,563 $ 440,362 Operating expenses (b) (75,455 ) (137,928 ) (50,419 ) (263,802 ) Net income (11,730 ) 212,717 28,221 229,208 Net income attributable to noncontrolling interests — (37,580 ) (1,283 ) (38,863 ) Net income attributable to CPA ® :17 – Global (11,730 ) 175,137 26,938 190,345 Long-lived assets (c) 282,519 2,232,192 1,164,498 3,679,209 Debt (d) 249,336 1,186,752 635,913 2,072,001 As of and for the Year Ended December 31, 2015 Texas Other Domestic International (a) Total Revenues $ 63,933 $ 249,961 $ 113,053 $ 426,947 Operating expenses (42,934 ) (132,637 ) (43,321 ) (218,892 ) Net income 9,317 74,577 40,226 124,120 Net income attributable to noncontrolling interests — (37,173 ) (2,742 ) (39,915 ) Net income attributable to CPA ® :17 – Global 9,317 37,404 37,484 84,205 Long-lived assets (c) 338,710 2,187,513 1,162,779 3,689,002 Debt (d) 268,171 1,212,556 513,881 1,994,608 For the Year Ended December 31, 2014 Texas Other Domestic International (a) Total Revenues $ 58,167 $ 224,101 $ 114,438 $ 396,706 Operating expenses (38,776 ) (137,915 ) (44,535 ) (221,226 ) Net income 8,110 62,071 36,812 106,993 Net income attributable to noncontrolling interests — (32,094 ) (748 ) (32,842 ) Net income attributable to CPA ® :17 – Global 8,110 29,977 36,064 74,151 ___________ (a) All years include investments in Croatia, Germany, Hungary, Japan, Poland, the Netherlands, Norway, Spain, Italy, and the United Kingdom; 2016 and 2015 include investments in the Czech Republic and Slovakia; and 2016 includes an investment in Lithuania. (b) Amount for Texas includes an impairment charge of $29.2 million recognized on one property for the year ended December 31, 2016 ( Note 8 ). (c) Consists of Net investments in real estate and Equity investments in real estate. (d) Consists of Non-recourse debt, net and Senior Credit Facility, net.

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	Selected Quarterly Financial Data (Unaudited) (Dollars in thousands, except per share amounts) Three Months Ended March 31, 2016 June 30, 2016 September 30, 2016 December 31, 2016 Revenues $ 107,226 $ 109,185 $ 110,076 $ 113,875 Expenses 56,205 60,037 87,442 60,118 Net income (a) 55,617 91,241 67,045 15,305 Net income attributable to noncontrolling interests (10,194 ) (9,383 ) (8,827 ) (10,459 ) Net income attributable to CPA ® :17 – Global 45,423 81,858 58,218 4,846 Earnings per share attributable to CPA ® :17 – Global $ 0.13 $ 0.24 $ 0.17 $ 0.01 Distributions declared per share $ 0.1625 $ 0.1625 $ 0.1625 $ 0.1625 Three Months Ended March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 Revenues $ 98,750 $ 109,667 $ 108,202 $ 110,328 Expenses 54,108 53,795 54,253 56,736 Net income (b) 23,844 39,375 29,199 31,702 Net income attributable to noncontrolling interests (9,264 ) (10,935 ) (9,147 ) (10,569 ) Net income attributable to CPA ® :17 – Global 14,580 28,440 20,052 21,133 Earnings per share attributable to CPA ® :17 – Global $ 0.04 $ 0.09 $ 0.06 $ 0.06 Distributions declared per share $ 0.1625 $ 0.1625 $ 0.1625 $ 0.1625 __________ (a) Amount for the three months ended June 30, 2016 includes gains on change of control of interests of $49.9 million , recognized in connection our acquisition of the remaining 15% controlling interest in a jointly owned investment in five self-storage properties ( Note 4 ). Amounts for the three months ended March 31, 2016, June 30, 2016 and September 30, 2016 include gain on sale of real estate, net of tax totaling $25.4 million , $25.0 million , and $82.3 million , respectively, recognized in connection with the disposition of certain self-storage properties that occurred during these periods. Amounts for the three months ended March 31, 2016, June 30, 2016, September 30, 2016, and December 31, 2016 include a loss on extinguishment of debt of $2.5 million , $5.1 million , $16.0 million , and $0.8 million , respectively ( Note 10 ). Amount for the three months ended September 30, 2016, includes an impairment charge of $29.2 million ( Note 8 ). During the three months ended December 31, 2016 , our Shelborne equity investment incurred a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value, partially offset by $10.6 million of income recognized in conjunction with the termination of a management agreement. Additionally, we recorded $10.6 million of losses guaranteed by the previous management company under the terms of the management agreement ( Note 6 ). (b) Amount for the three months ended March 31, 2015 includes a gain on sale of real estate of $2.2 million , recognized in connection with the I Shops partial sale ( Note 14 ).

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Mortgage Loan Repayments In January 2017, our jointly owned Hellweg 2 equity investment repaid non-recourse mortgage loans with an aggregate principal balance of approximately $243.8 million , of which our interest was $89.0 million (amounts are based on the exchange rate of the euro as of the date of repayment). On February 1, 2017, we refinanced a non-recourse mortgage loan of $92.4 million , which was scheduled to mature on that date, with a new loan of $105.0 million that has an interest rate of LIBOR plus 1.8% and is scheduled to mature in February 2020. On February 27, 2017, we drew down $33.8 million from our Senior Credit Facility ( Note 10 ) (amount is based on the exchange rate of the euro on the date of draw). On February 28, 2017, we used the aforementioned funds to repay two non-recourse mortgage loans totaling $42.9 million , both of which were scheduled to mature in the first quarter of 2017 (amount is based on the exchange rate of the euro as of the date of repayment).

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract]
Schedule II - Schedule of Valuation and Qualifying Accounts	SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS Years Ended December 31, 2016 , 2015 , and 2014 (in thousands) Description Balance at Beginning of Year Change Balance at End of Year Year Ended December 31, 2016 Valuation reserve for deferred tax assets $ 29,001 $ (851 ) $ 28,150 Year Ended December 31, 2015 Valuation reserve for deferred tax assets $ 13,103 $ 15,898 $ 29,001 Year Ended December 31, 2014 Valuation reserve for deferred tax assets $ 5,581 $ 7,522 $ 13,103

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2016 (in thousands) Initial Cost to Company Cost Capitalized Subsequent to Acquisition (a) Increase (Decrease) in Net Investments (b) Gross Amount at which Carried at Close of Period (c) Accumulated Depreciation (c) Date of Construction Date Acquired Life on which Depreciation in Latest Statement of Income is Computed Description Encumbrances Land Buildings Land Buildings Total Real Estate Under Operating Leases Industrial facility in Norfolk, NE $ 1,424 $ 625 $ 1,713 $ — $ 107 $ 625 $ 1,820 $ 2,445 $ 521 1975 Jun. 2008 30 yrs. Office facility in Soest, Germany and warehouse facility in Bad Wünnenberg, Germany — 3,193 45,932 — (16,409 ) 2,126 30,590 32,716 6,926 1982; 1996 Jul. 2008 36 yrs. Education facility in Chicago, IL 12,569 6,300 20,509 — (527 ) 6,300 19,982 26,282 5,663 1912 Jul. 2008 30 yrs. Industrial facilities in Sergeant Bluff, IA; Bossier City, LA; and Alvarado, TX 28,496 2,725 25,233 28,116 (3,395 ) 4,701 47,978 52,679 7,794 Various Aug. 2008 25 - 40 yrs. Industrial facility in Waldaschaff, Germany — 10,373 16,708 — (13,566 ) 5,125 8,390 13,515 4,302 1937 Aug. 2008 15 yrs. Fitness facilities in Phoenix, AZ and Columbia, MD 34,419 14,500 48,865 — (2,062 ) 14,500 46,803 61,303 9,660 2006 Sep. 2008 40 yrs. Office facility in Birmingham, United Kingdom 15,475 3,591 15,810 949 (4,801 ) 2,724 12,825 15,549 2,257 2009 Sep. 2009 40 yrs. Retail facility in Gorzow, Poland 5,622 1,095 13,947 — (4,253 ) 786 10,003 10,789 1,817 2008 Oct. 2009 40 yrs. Office facility in Hoffman Estates, IL 25,725 5,000 21,764 — — 5,000 21,764 26,764 3,847 2009 Dec. 2009 40 yrs. Office facility in The Woodlands, TX 35,435 1,400 41,502 — — 1,400 41,502 42,902 7,350 2009 Dec. 2009 40 yrs. Retail facilities located throughout Spain 34,047 32,574 52,101 — (20,749 ) 24,660 39,266 63,926 6,799 Various Dec. 2009 20 yrs. Industrial facilities in Middleburg Heights and Union Township, OH 5,571 1,000 10,793 2 — 1,000 10,795 11,795 1,867 1990; 1997 Feb. 2010 40 yrs. Industrial facilities in Phoenix, AZ; Colton, Fresno, Los Angeles, Orange, Pomona, and San Diego, CA; Safety Harbor, FL; Durham, NC; and Columbia, SC 12,487 19,001 13,059 — — 19,001 13,059 32,060 2,597 Various Mar. 2010 27 - 40 yrs. Industrial facility in Evansville, IN 15,422 150 9,183 11,745 — 150 20,928 21,078 3,274 2009 Mar. 2010 40 yrs. Warehouse facilities in Bristol, Cannock, Liverpool, Luton, Plymouth, Southampton, and Taunton, United Kingdom 3,768 8,639 2,019 — (2,123 ) 6,906 1,629 8,535 389 Various Apr. 2010 28 yrs. Warehouse facility in Zagreb, Croatia 35,380 31,941 45,904 — (15,204 ) 25,557 37,084 62,641 8,249 2001 Apr. 2010 30 yrs. Office facilities in Tampa, FL 32,824 18,300 32,856 1,171 — 18,323 34,004 52,327 5,512 1985; 2000 May 2010 40 yrs. Warehouse facility in Bowling Green, KY 25,663 1,400 3,946 33,809 — 1,400 37,755 39,155 5,040 2011 May 2010 40 yrs. Warehouse facility in Elorrio, Spain — 19,924 3,981 — (2,678 ) 21,227 — 21,227 — 1996 Jun. 2010 40 yrs. Warehouse facility in Gadki, Poland 3,774 1,134 1,183 7,611 (2,512 ) 844 6,572 7,416 944 2011 Aug. 2010 40 yrs. Industrial and office facilities in Elberton, GA — 560 2,467 — — 560 2,467 3,027 450 1997; 2002 Sep. 2010 40 yrs. Warehouse facilities in Rincon and Unadilla, GA 24,870 1,595 44,446 — — 1,595 44,446 46,041 6,854 2000; 2006 Nov. 2010 40 yrs. Office facility in Hartland, WI 3,138 1,402 2,041 — — 1,402 2,041 3,443 360 2001 Nov. 2010 35 yrs. SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2016 (in thousands) Initial Cost to Company Cost Capitalized Subsequent to Acquisition (a) Increase (Decrease) in Net Investments (b) Gross Amount at which Carried at Close of Period (c) Accumulated Depreciation (c) Date of Construction Date Acquired Life on which Depreciation in Latest Statement of Income is Computed Description Encumbrances Land Buildings Land Buildings Total Retail facilities in Kutina, Slavonski Brod, Spansko, and Zagreb, Croatia 15,167 6,700 24,114 194 (6,437 ) 5,271 19,300 24,571 3,911 2000; 2002; 2003 Dec. 2010 30 yrs. Warehouse and office facilities located throughout the United States 106,203 31,735 129,011 855 (9,861 ) 28,511 123,229 151,740 21,109 Various Dec. 2010 40 yrs. Office facility in Madrid, Spain 51,701 22,230 81,508 — (20,482 ) 17,837 65,419 83,256 9,818 2002 Dec. 2010 40 yrs. Office facility in Houston, TX 3,158 1,838 2,432 — 20 1,838 2,452 4,290 590 1982 Dec. 2010 25 yrs. Retail facility in Las Vegas, NV 39,720 26,934 31,037 26,048 (44,166 ) 5,070 34,783 39,853 3,932 2012 Dec. 2010 40 yrs. Warehouse facilities in Oxnard and Watsonville, CA 41,369 16,036 67,300 — (7,149 ) 16,036 60,151 76,187 10,049 1975; 1994; 2002 Jan. 2011 10 - 40 yrs. Warehouse facility in Dillon, SC 17,745 1,355 15,620 1,600 (69 ) 1,286 17,220 18,506 2,387 2001 Mar. 2011 40 yrs. Warehouse facility in Middleburg Heights, OH — 600 1,690 — — 600 1,690 2,290 243 2002 Mar. 2011 40 yrs. Office facility in Martinsville, VA 8,054 600 1,998 11,331 — 600 13,329 13,929 1,671 2011 May 2011 40 yrs. Land in Chicago, IL 4,757 7,414 — — — 7,414 — 7,414 — N/A Jun. 2011 N/A Industrial facility in Fraser, MI 3,895 928 1,392 6,193 (80 ) 928 7,505 8,433 968 2012 Sep. 2011 35 yrs. Retail facilities located throughout Italy 165,336 91,691 262,377 — (78,083 ) 71,058 204,927 275,985 29,660 Various Sep. 2011 29 - 40 yrs. Retail facilities in Delnice, Pozega, and Sesvete, Croatia 15,802 2,687 24,820 15,378 (10,055 ) 3,131 29,699 32,830 5,030 2011 Nov. 2011 30 yrs. Retail facility in Orlando, FL — 32,739 — 19,959 (32,739 ) 5,577 14,382 19,959 957 2011 Dec. 2011 40 yrs. Land in Hudson, NY 735 2,080 — — — 2,080 — 2,080 — N/A Dec. 2011 N/A Office facilities in Aurora, Eagan, and Virginia, MN 92,400 13,546 110,173 — 993 13,546 111,166 124,712 18,722 Various Jan. 2012 32 - 40 yrs. Industrial facility in Chmielów, Poland 15,849 1,323 5,245 30,804 (4,914 ) 1,737 30,721 32,458 2,542 2012 Apr. 2012 40 yrs. Office facility in St. Louis, MO 5,524 954 4,665 1,685 — 954 6,350 7,304 659 1995 Jul. 2012 38 yrs. Industrial facility in Avon, OH 3,413 926 4,975 — — 926 4,975 5,901 671 2001 Aug. 2012 35 yrs. Industrial facility in Elk Grove Village, IL 8,797 1,269 11,317 163 — 1,269 11,480 12,749 2,345 1961 Aug. 2012 40 yrs. Education facilities in Montgomery, AL and Savannah, GA 15,513 5,255 16,960 — — 5,255 16,960 22,215 2,236 1969; 2002 Sep. 2012 40 yrs. Automotive dealerships in Huntsville, AL; Bentonville, AR; Bossier City, LA; Lee’s Summit, MO; Fayetteville, TN; and Fort Worth, TX — 17,283 32,225 — (15 ) 17,269 32,224 49,493 6,178 Various Sep. 2012 16 yrs. Office facility in Warrenville, IL 18,477 3,698 28,635 — — 3,698 28,635 32,333 3,534 2002 Sep. 2012 40 yrs. Office and warehouse facility in Zary, Poland 2,716 356 1,168 6,910 (1,618 ) 288 6,528 6,816 626 2013 Sep. 2012 40 yrs. Industrial facility in Sterling, VA 13,682 3,118 14,007 5,071 — 3,118 19,078 22,196 2,401 1980 Oct. 2012 35 yrs. Office facility in Houston, TX 127,785 19,331 123,084 6,494 2,899 19,331 132,477 151,808 18,166 1973 Nov. 2012 30 yrs. Retail facility in Orlando, FL 58,283 3,307 10,607 104,619 — 26,000 92,533 118,533 3,986 2012 Nov. 2012 40 yrs. Education facility in Eagan, MN 9,083 2,104 11,462 — (85 ) 1,994 11,487 13,481 1,421 2003 Dec. 2012 35 yrs. SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2016 (in thousands) Initial Cost to Company Cost Capitalized Subsequent to Acquisition (a) Increase (Decrease) in Net Investments (b) Gross Amount at which Carried at Close of Period (c) Accumulated Depreciation (c) Date of Construction Date Acquired Life on which Depreciation in Latest Statement of Income is Computed Description Encumbrances Land Buildings Land Buildings Total Warehouse facility in Saitama Prefecture, Japan 22,159 17,292 28,575 — (13,676 ) 12,136 20,055 32,191 3,248 2007 Dec. 2012 26 yrs. Retail facilities in Bjelovar, Karlovac, Krapina, Krizevci, Metkovic, Novigrad, Porec, Umag, and Vodnjan, Croatia 18,989 5,059 28,294 6,634 (7,877 ) 5,740 26,370 32,110 2,785 Various Dec. 2012 32 - 40 yrs. Industrial facility in Portage, WI 4,634 3,338 4,556 502 — 3,338 5,058 8,396 758 1970 Jan. 2013 30 yrs. Retail facility in Dallas, TX 9,662 4,441 9,649 — — 4,441 9,649 14,090 957 1913 Feb. 2013 40 yrs. Warehouse facility in Dillon, SC 25,826 3,096 2,281 37,989 — 3,096 40,270 43,366 2,602 2013 Mar. 2013 40 yrs. Land in Chicago, IL — 15,459 — — — 15,459 — 15,459 — N/A Apr. 2013 N/A Office facility in Northbrook, IL 5,463 — 942 — — — 942 942 222 2007 May 2013 40 yrs. Industrial facility in Wageningen, Netherlands 16,715 4,790 24,301 47 (5,639 ) 3,901 19,598 23,499 1,750 2013 Jul. 2013 40 yrs. Warehouse facilities in Gadki, Poland 29,867 9,219 48,578 121 (11,148 ) 7,444 39,326 46,770 3,755 2007; 2010 Jul. 2013 40 yrs. Automotive dealership in Lewisville, TX 9,346 3,269 9,605 — — 3,269 9,605 12,874 1,126 2004 Aug. 2013 39 yrs. Office facility in Auburn Hills, MI 5,904 789 7,163 — — 789 7,163 7,952 626 2012 Oct. 2013 40 yrs. Office facility in Haibach, Germany 8,375 2,544 11,114 — (3,002 ) 1,985 8,671 10,656 1,040 1993 Oct. 2013 30 yrs. Office facility in Tempe, AZ 14,726 — 16,996 4,272 — — 21,268 21,268 1,761 2000 Dec. 2013 40 yrs. Office facility in Tucson, AZ 8,102 2,440 11,175 — — 2,440 11,175 13,615 1,007 2002 Feb. 2014 38 yrs. Industrial facility in Drunen, Netherlands 9,419 990 6,328 7,922 (357 ) 1,292 13,591 14,883 562 2014 Apr. 2014 40 yrs. Industrial facility in New Concord, OH 1,594 784 2,636 — — 784 2,636 3,420 245 1999 Apr. 2014 35 - 40 yrs. Office facility in Krakow, Poland 5,079 2,771 6,549 — (1,728 ) 2,257 5,335 7,592 351 2003 Sep. 2014 40 yrs. Retail facility in Gelsenkirchen, Germany 12,814 2,060 17,534 123 (3,253 ) 1,719 14,745 16,464 1,023 2000 Oct. 2014 35 yrs. Office facility in Plymouth, Minnesota 22,099 2,601 15,599 5,743 925 2,601 22,267 24,868 1,565 1999 Dec. 2014 40 yrs. Office facility in San Antonio, TX 14,159 3,131 13,124 — — 3,131 13,124 16,255 760 2002 Jan. 2015 40 yrs. Warehouse facilities in Mszczonów and Tomaszów Mazowiecki, Poland 29,981 10,108 35,856 8 (3,177 ) 9,407 33,388 42,795 2,158 1995; 2000 Feb. 2015 31 yrs. Retail facilities in Joliet, IL; Fargo, ND; and Ashwaubenon, Brookfield, Greendale, and Wauwatosa, WI 41,836 20,936 34,627 332 — 20,936 34,959 55,895 2,230 Various Jun. 2015 27 - 29 yrs. Warehouse facility in Sered, Slovakia 10,588 4,059 15,297 8,896 (1,281 ) 3,889 23,082 26,971 778 2004 Jul. 2015 36 yrs. Industrial facility in Tuchomerice, Czech Republic 16,376 9,424 21,860 256 (2,395 ) 9,124 20,021 29,145 631 1998 Dec. 2015 40 yrs. Office facility in Warsaw, Poland 36,144 — 54,296 9 (1,725 ) — 52,580 52,580 1,431 2015 Dec. 2015 40 yrs. Net-lease student housing facility in Jacksonville, FL 11,922 870 15,787 — — 870 15,787 16,657 408 2015 Jan. 2016 40 yrs. Warehouse facilities in Houston, TX — 2,210 1,362 — — 2,210 1,362 3,572 42 1972 Feb. 2016 38 yrs. Office facility in Oak Creek, WI — 2,801 11,301 — — 2,801 11,301 14,102 136 2000 Sep. 2016 35 yrs. SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2016 (in thousands) Initial Cost to Company Cost Capitalized Subsequent to Acquisition (a) Increase (Decrease) in Net Investments (b) Gross Amount at which Carried at Close of Period (c) Accumulated Depreciation (c) Date of Construction Date Acquired Life on which Depreciation in Latest Statement of Income is Computed Description Encumbrances Land Buildings Land Buildings Total Warehouse facility in Perrysburg, OH — 774 11,756 — — 774 11,756 12,530 120 1974 Sep. 2016 30 yrs. Warehouse facilities in Shelbyville, IN; Kalamazoo, MI; Tiffin, OH; Andersonville, TN; and Millwood, WV — 2,706 24,178 10,585 — 3,086 34,383 37,469 192 Various Nov. 2016 28 - 40 yrs. Warehouse facility in Zabia Wola, Poland — 3,441 20,654 81 (107 ) 3,425 20,644 24,069 52 1999 Nov. 2016 40 yrs. Warehouse facility in Kaunas, Lithuania 38,676 2,194 42,109 160 (431 ) 2,172 41,860 44,032 52 2008 Dec. 2016 40 yrs. $ 1,631,728 $ 648,055 $ 2,047,866 $ 404,387 $ (354,884 ) $ 563,050 $ 2,182,374 $ 2,745,424 $ 280,657 SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2016 (in thousands) Initial Cost to Company Cost Capitalized Subsequent to Acquisition (a) Increase (Decrease) in Net Investments (b) Gross Amount at which Carried at Close of Period Total Date of Construction Date Acquired Description Encumbrances Land Buildings Direct Financing Method Industrial and office facilities in Nagold, Germany $ — $ 6,012 $ 41,493 $ — $ (29,477 ) $ 18,028 1937; 1994 Aug. 2008 Industrial facilities in Mayodan, Sanford, and Stoneville, NC — 3,100 35,766 — (2,579 ) 36,287 1992; 1997; 1998 Dec. 2008 Industrial facility in Glendale Heights, IL 17,000 3,820 11,148 18,245 3,009 36,222 1991 Jan. 2009 Office facility in New York City, NY 102,985 — 233,720 — 14,887 248,607 2007 Mar. 2009 Industrial facilities in Colton, Fresno, Los Angeles, Orange, Pomona, and San Diego, CA; Holly Hill, FL; Rockmart, GA; Ooltewah, TN; and Dallas, TX 9,155 1,730 20,778 — (907 ) 21,601 Various Mar. 2010 Warehouse facilities in Bristol, Leeds, Liverpool, Luton, Newport, Plymouth, and Southampton, United Kingdom 8,351 508 24,009 — (6,460 ) 18,057 Various Apr. 2010 Retail facilities in Dugo Selo and Samobor, Croatia 7,742 1,804 11,618 — (2,875 ) 10,547 2002; 2003 Dec. 2010 Warehouse facility in Oxnard, CA 5,715 — 8,957 — 180 9,137 1975 Jan. 2011 Industrial facilities in Bartow, FL; Momence, IL; Smithfield, NC; Hudson, NY; and Ardmore, OK 21,081 3,750 50,177 — 5,756 59,683 Various Apr. 2011 Industrial facility in Clarksville, TN 4,150 600 7,291 — 405 8,296 1998 Aug. 2011 Industrial facility in Countryside, IL 1,934 425 1,800 — 41 2,266 1981 Dec. 2011 Industrial facility in Bluffton, IN 1,853 264 3,407 — 19 3,690 1975 Apr. 2014 Retail facilities in Joliet, Illinois and Greendale, Wisconsin 15,092 — 19,002 2 355 19,359 1970; 1978 Jun. 2015 Warehouse facility in Houston, TX — — 4,233 — 49 4,282 1972 Feb. 2016 Industrial facilities in Sedalia, MO; Lumberton and Mount Airy, NC; Lima and Miamisburg, OH; and Wilkes-Barre, PA — 2,142 10,085 — 103 12,330 Various Apr. 2016 $ 195,058 $ 24,155 $ 483,484 $ 18,247 $ (17,494 ) $ 508,392 SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2016 (in thousands) Initial Cost to Company Costs Capitalized Subsequent to (a) Increase (Decrease) in Net (b) Gross Amount at which Carried at Close of Period (c) Accumulated (c) Date of Construction Date Acquired Life on which Depreciation in Latest Statement of Income is Description Encumbrances Land Buildings Land Buildings Total Operating Real Estate – Self-Storage Facilities Fort Worth, TX $ 3,593 $ 610 $ 2,672 $ 62 $ 36 $ 610 $ 2,770 $ 3,380 $ 497 2004 Apr. 2011 33 yrs. Palm Springs, CA 6,022 1,287 3,124 91 36 1,287 3,251 4,538 626 1989 Jun. 2011 30 yrs. Kailua-Kona, HI 3,860 1,000 1,108 61 38 1,000 1,207 2,207 290 1987 Jun. 2011 30 yrs. Chicago, IL 3,536 600 4,124 207 10 600 4,341 4,941 732 1916 Jun. 2011 25 yrs. Chicago, IL 2,528 400 2,074 224 4 400 2,302 2,702 397 1968 Jun. 2011 30 yrs. Rockford, IL 1,835 548 1,881 27 22 548 1,930 2,478 438 1979 Jun. 2011 25 yrs. Rockford, IL 594 114 633 139 41 114 813 927 177 1979 Jun. 2011 25 yrs. Rockford, IL 2,333 380 2,321 45 (98 ) 337 2,311 2,648 521 1957 Jun. 2011 25 yrs. Kihei, HI 5,200 2,523 7,481 718 26 2,523 8,225 10,748 1,145 1991 Aug. 2011 40 yrs. National City, CA 2,447 3,158 1,483 151 17 3,158 1,651 4,809 328 1987 Aug. 2011 28 yrs. Mundelein, IL 3,460 1,080 5,287 258 69 1,080 5,614 6,694 1,228 1991 Aug. 2011 25 yrs. Pearl City, HI 6,454 — 5,141 489 22 — 5,652 5,652 1,508 1977 Aug. 2011 20 yrs. Palm Springs, CA 1,963 1,019 2,131 313 7 1,019 2,451 3,470 472 1987 Sep. 2011 28 yrs. Loves Park, IL 1,153 394 3,390 64 (122 ) 394 3,332 3,726 892 1997 Sep. 2011 20 yrs. Mundelein, IL 699 535 1,757 157 21 535 1,935 2,470 506 1989 Sep. 2011 20 yrs. Chicago, IL 3,074 1,049 5,672 247 7 1,049 5,926 6,975 1,033 1988 Sep. 2011 30 yrs. Beaumont, CA 2,582 1,616 2,873 94 14 1,616 2,981 4,597 498 1992 Nov. 2011 40 yrs. San Bernardino, CA 989 698 1,397 95 15 698 1,507 2,205 242 1989 Nov. 2011 40 yrs. Peoria, IL 3,055 549 2,424 37 6 549 2,467 3,016 530 1990 Nov. 2011 35 yrs. East Peoria, IL 2,315 409 1,816 64 8 409 1,888 2,297 378 1986 Nov. 2011 35 yrs. Loves Park, IL 1,738 439 998 227 155 439 1,380 1,819 269 1978 Nov. 2011 35 yrs. Hesperia, CA 854 648 1,377 85 8 648 1,470 2,118 256 1989 Dec. 2011 40 yrs. Cherry Valley, IL 1,700 1,076 1,763 15 18 1,076 1,796 2,872 561 1988 Jul. 2012 20 yrs. Fayetteville, NC 3,088 1,677 3,116 53 10 1,677 3,179 4,856 598 2001 Sep. 2012 34 yrs. Cathedral City, CA 1,313 — 2,275 12 15 — 2,302 2,302 337 1990 Mar. 2013 34 yrs. Hilo, HI 7,876 296 4,996 12 — 296 5,008 5,304 453 2007 Jun. 2013 40 yrs. Clearwater, FL 3,734 924 2,966 51 14 924 3,031 3,955 354 2001 Jul. 2013 32 yrs. Winder, GA 967 546 30 7 8 546 45 591 12 2006 Jul. 2013 31 yrs. Winder, GA 3,328 495 1,253 51 9 495 1,313 1,808 248 2001 Jul. 2013 25 yrs. Orlando, FL 5,691 1,064 4,889 116 18 1,064 5,023 6,087 530 2000 Aug. 2013 35 yrs. Palm Coast, FL 3,364 1,749 3,285 63 155 1,749 3,503 5,252 517 2001 Sep. 2013 29 yrs. Holiday, FL 2,213 1,829 1,097 587 9 1,829 1,693 3,522 219 1975 Nov. 2013 23 yrs. SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2016 (in thousands) Initial Cost to Company Costs (a) Increase (b) Gross Amount at which Carried (c) Accumulated (c) Date of Construction Date Life on which Description Encumbrances Land Buildings Land Buildings Total New York City, NY 11,826 5,692 16,076 — — 5,692 16,076 21,768 291 1963 Apr. 2016 40 yrs. New York City, NY 20,014 5,823 31,032 — — 5,823 31,032 36,855 567 2005 Apr. 2016 40 yrs. New York City, NY 19,249 6,184 35,188 — — 6,184 35,188 41,372 653 2007 Apr. 2016 40 yrs. New York City, NY 14,233 8,120 18,502 — — 8,120 18,502 26,622 388 1948 Apr. 2016 35 yrs. New York City, NY 5,517 1,157 10,167 64 — 1,157 10,231 11,388 185 1928 Apr. 2016 40 yrs. $ 164,397 $ 55,688 $ 197,799 $ 4,886 $ 598 $ 55,645 $ 203,326 $ 258,971 $ 18,876 ___________ (a) Consists of the cost of improvements subsequent to acquisition and acquisition costs, including construction costs on build-to-suit transactions, legal fees, appraisal fees, title costs, and other related professional fees. For business combinations, transaction costs are excluded. (b) The increase (decrease) in net investment was primarily due to (i) changes in foreign currency exchange rates, (ii) sales of properties, (iii) impairment charges, and (iv) the amortization of unearned income from net investment in direct financing leases, which produces a periodic rate of return that at times may be greater or less than lease payments received. (c) A reconciliation of real estate and accumulated depreciation follows: NOTES TO SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (in thousands) Reconciliation of Real Estate Subject to Operating Leases Years Ended December 31, 2016 2015 2014 Beginning balance $ 2,658,877 $ 2,396,715 $ 2,402,315 Additions 142,142 222,739 65,115 Foreign currency translation adjustment (36,617 ) (99,252 ) (124,536 ) Impairment charges (29,183 ) — — Reclassification from real estate under construction 21,825 129,225 83,006 Reclassification to assets held for sale (18,882 ) — — Improvements 7,262 9,450 3,554 Dispositions — — (32,739 ) Ending balance $ 2,745,424 $ 2,658,877 $ 2,396,715 Reconciliation of Accumulated Depreciation for Real Estate Subject to Operating Leases Years Ended December 31, 2016 2015 2014 Beginning balance $ 225,867 $ 175,478 $ 129,051 Depreciation expense 62,808 57,831 54,976 Reclassification to assets held for sale (4,032 ) — — Foreign currency translation adjustment (3,986 ) (7,442 ) (8,549 ) Ending balance $ 280,657 $ 225,867 $ 175,478 Reconciliation of Operating Real Estate Years Ended December 31, 2016 2015 2014 Beginning balance $ 275,521 $ 272,859 $ 283,370 Dispositions (156,951 ) — (27,487 ) Additions 137,958 — — Improvements 2,443 2,662 2,047 Reclassification from real estate under construction — — 14,929 Ending balance $ 258,971 $ 275,521 $ 272,859 Reconciliation of Accumulated Depreciation for Operating Real Estate Years Ended December 31, 2016 2015 2014 Beginning balance $ 30,308 $ 22,217 $ 15,354 Dispositions (19,223 ) — (1,801 ) Depreciation expense 7,791 8,091 8,664 Ending balance $ 18,876 $ 30,308 $ 22,217 At December 31, 2016 , the aggregate cost of real estate that we and our consolidated subsidiaries own for federal income tax purposes was approximately $4.1 billion .

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2016
Mortgage Loans on Real Estate [Abstract]
Schedule IV - Mortgage Loans on Real Estate	SCHEDULE IV — MORTGAGE LOANS ON REAL ESTATE December 31, 2016 (dollars in thousands) Interest Rate Final Maturity Date Fair Value Carrying Amount Description Financing agreement — 1185 Broadway LLC 10.0 % Jul. 2017 $ 31,500 $ 31,500 NOTES TO SCHEDULE IV — MORTGAGE LOANS ON REAL ESTATE (in thousands) Reconciliation of Mortgage Loans on Real Estate Years Ended December 31, 2016 2015 2014 Balance $ 44,044 $ 40,000 $ 40,000 Additions — 42,600 — Repayment (12,600 ) (40,000 ) — Accretion 56 1,444 — Ending balance $ 31,500 $ 44,044 $ 40,000

Summary of Significant Accoun31

Summary of Significant Accounting Policies and Estimates (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Accounting for Acquisitions	Accounting for Acquisitions In accordance with the guidance for business combinations, we determine whether a transaction or other event is a business combination, which requires that the assets acquired and liabilities assumed constitute a business. Each business combination is then accounted for by applying the acquisition method. If the assets acquired are not a business, we account for the transaction or other event as an asset acquisition. Under both methods, we recognize the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquired entity. In addition, for transactions that are business combinations, we evaluate the existence of goodwill or a gain from a bargain purchase. We capitalize acquisition-related costs and fees associated with asset acquisitions. We immediately expense acquisition-related costs and fees associated with business combinations. Purchase Price Allocation of Tangible Assets — When we acquire properties with leases classified as operating leases, we allocate the purchase price to the tangible and intangible assets and liabilities acquired based on their estimated fair values. The tangible assets consist of land, buildings, and site improvements. The intangible assets include the above- and below-market value of leases and the in-place leases, which include the value of tenant relationships. Land is typically valued utilizing the sales comparison (or market) approach. Buildings are valued, as if vacant, using the cost and/or income approach. Site improvements are valued using the cost approach. The fair value of real estate is determined (i) primarily by reference to portfolio appraisals, which determines their values on a property level, by applying a discounted cash flow analysis to the estimated net operating income for each property in the portfolio during the remaining anticipated lease term, and (ii) by the estimated residual value, which is based on a hypothetical sale of the property upon expiration of a lease factoring in the re-tenanting of such property at estimated current market rental rates, applying a selected capitalization rate, and deducting estimated costs of sale. Assumptions used in the model are property-specific where this information is available; however, when certain necessary information is not available, we use available regional and property-type information. Assumptions and estimates include the following: • a discount rate or internal rate of return; • the marketing period necessary to put a lease in place; • carrying costs during the marketing period; • leasing commissions and tenant improvement allowances; • market rents and growth factors of these rents; and • a market lease term and a capitalization rate to be applied to an estimate of market rent at the end of the market lease term. The discount rates and residual capitalization rates used to value the properties are selected based on several factors, including: • the creditworthiness of the lessees; • industry surveys; • property type; • property location and age; • current lease rates relative to market lease rates; and • anticipated lease duration. In the case where a tenant has a purchase option deemed to be favorable to the tenant, or the tenant has long-term renewal options at rental rates below estimated market rental rates, we include the value of the exercise of such purchase option or long-term renewal options in the determination of residual value. The remaining economic life of leased assets is estimated by relying in part upon third-party appraisals of the leased assets, industry standards, and based on our experience. Different estimates of remaining economic life will affect the depreciation expense that is recorded. Purchase Price Allocation of Intangible Assets and Liabilities — We record above- and below-market lease intangible assets and liabilities for acquired properties based on the present value (using a discount rate reflecting the risks associated with the leases acquired including consideration of the credit of the lessee) of the difference between (i) the contractual rents to be paid pursuant to the leases negotiated or in place at the time of acquisition of the properties and (ii) our estimate of fair market lease rates for the property or equivalent property, both of which are measured over the estimated lease term which includes renewal options that have rental rates below estimated market rental rates. We discount the difference between the estimated market rent and contractual rent to a present value using an interest rate reflecting our current assessment of the risk associated with the lease acquired, which includes a consideration of the credit of the lessee. Estimates of market rent are generally determined by us relying in part upon a third-party appraisal obtained in connection with the property acquisition and can include estimates of market rent increase factors, which are generally provided in the appraisal or by local real estate brokers. We measure the fair value of below-market purchase option liabilities we acquire as the excess of the present value of the fair value of the real estate over the present value of the tenant’s exercise price at the option date. We evaluate the specific characteristics of each tenant’s lease and any pre-existing relationship with each tenant in determining the value of in-place lease intangibles. To determine the value of in-place lease intangibles, we consider the following: • estimated market rent; • estimated carrying costs of the property during a hypothetical expected lease-up period; and • current market conditions and costs to execute similar leases, including tenant improvement allowances and rent concessions. Estimated carrying costs of the property include real estate taxes, insurance, other property operating costs, and estimates of lost rentals at market rates during the market participants’ expected lease-up periods, based on assessments of specific market conditions. We determine these values using our estimates or by relying in part upon third-party appraisals conducted by independent appraisal firms. We amortize the above-market lease intangible as a reduction of lease revenue over the remaining contractual lease term. We amortize the below-market lease intangible as an increase to lease revenue over the initial term and any renewal periods in the respective leases. We include the value of above-market leases in Other intangible assets, net in the consolidated financial statements. We include the value of below-market leases in Below-market rent and other intangible liabilities in the consolidated financial statements. We include the amortization of above- and below-market ground lease intangibles in Property expenses in the consolidated financial statements. The value of any in-place lease is estimated to be equal to the acquirer’s avoidance of costs as a result of having tenants in place, that would be necessary to lease the property for a lease term equal to the remaining primary in-place lease term and the value of investment grade tenancy. The cost avoidance is derived first by determining the in-place lease term on the subject lease. Then, based on our review of the market, the cost to be borne by a property owner to replicate a market lease to the remaining in-place term is estimated. These costs consist of: (i) rent lost during downtime (i.e. assumed periods of vacancy), (ii) estimated expenses that would be incurred by the property owner during periods of vacancy, (iii) rent concessions (i.e. free rent), (iv) leasing commissions, and (v) tenant improvements allowances given to tenants. We determine these values using our estimates or by relying in part upon third-party appraisals. We amortize the value of in-place lease intangibles to expense over the remaining initial term of each lease. The amortization period for intangibles does not exceed the remaining depreciable life of the building. If a lease is terminated, we charge the unamortized portion of above- and below-market lease values to rental income and in-place lease values to amortization expense. Purchase Price Allocation of Debt — When we acquire leveraged properties, the fair value of the related debt instruments is determined using a discounted cash flow model with rates that take into account the credit of the tenants, where applicable, and interest rate risk. Such resulting premium or discount is amortized over the remaining term of the obligation. We also consider the value of the underlying collateral taking into account the quality of the collateral, the credit quality of the tenant, the time until maturity and the current interest rate. Purchase Price Allocation of Goodwill — In the case of a business combination, after identifying all tangible and intangible assets and liabilities, the excess consideration paid over the fair value of the assets and liabilities acquired and assumed, respectively, represents goodwill. We allocate goodwill to reporting units in which such goodwill arises. In the event we dispose of a property that constitutes a business under U.S. generally accepted accounting principles, or GAAP, from a reporting unit with goodwill, we allocate a portion of the reporting unit’s goodwill to that business in determining the gain or loss on the disposal of the business. The amount of goodwill allocated to the business is based on the relative fair value of the business to the fair value of the reporting unit. As part of purchase accounting, we record any deferred tax assets and/or liabilities resulting from the difference between the tax basis and GAAP basis of the investment in the taxing jurisdiction. Such deferred tax amount will be included in purchase accounting and may impact the amount of goodwill recorded depending on the fair value of all of the other assets and liabilities and the amounts paid.
Impairments	Impairments We periodically assess whether there are any indicators that the value of our long-lived real estate and related intangible assets may be impaired or that their carrying value may not be recoverable. These impairment indicators include, but are not limited to, the vacancy of a property that is not subject to a lease, an upcoming lease expiration, a tenant with credit difficulty, the termination of a lease by a tenant, or a likely disposition of the property. We may incur impairment charges on long-lived assets, including real estate-related intangible assets, direct financing leases, assets held for sale, and equity investments in real estate. We may also incur impairment charges on marketable securities and goodwill. Our policies and estimates for evaluating whether these assets are impaired are presented below. Real Estate — For real estate assets held for investment and related intangible assets in which an impairment indicator is identified, we follow a two-step process to determine whether an asset is impaired and to determine the amount of the charge. First, we compare the carrying value of the property’s asset group to the estimated future net undiscounted cash flow that we expect the property’s asset group will generate, including any estimated proceeds from the eventual sale of the property’s asset group. The undiscounted cash flow analysis requires us to make our best estimate of market rents, residual values, and holding periods. We estimate market rents and residual values using market information from outside sources, such as third-party market research, external appraisals, broker quotes, or recent comparable sales. In cases where the available market information is not deemed appropriate, we perform a future net cash flow analysis discounted for inherent risk associated with each asset to determine an estimated fair value. As our investment objective is to hold properties on a long-term basis, holding periods used in the undiscounted cash flow analysis are generally ten years, but may be less if our intent is to hold a property for less than ten years. Depending on the assumptions made and estimates used, the future cash flow projected in the evaluation of long-lived assets and associated intangible assets can vary within a range of outcomes. We consider the likelihood of possible outcomes in determining our estimate of future cash flows and, if warranted, we apply a probability-weighted method to the different possible scenarios. If the future net undiscounted cash flow of the property’s asset group is less than the carrying value, the carrying value of the property’s asset group is considered not recoverable. We then measure the impairment loss as the excess of the carrying value of the property’s asset group over its estimated fair value. The estimated fair value of the property’s asset group is primarily determined using market information from outside sources, such as broker quotes or recent comparable sales. In cases where the available market information is not deemed appropriate, we perform a future net cash flow analysis discounted for inherent risk associated with each asset to determine an estimated fair value. Assets Held for Sale — We classify real estate assets that are accounted for as operating leases as held for sale when we have entered into a contract to sell the property, all material due diligence requirements have been satisfied, and we believe it is probable that the disposition will occur within one year. When we classify an asset as held for sale, we compare the asset’s fair value less estimated cost to sell to its carrying value, and if the fair value less estimated cost to sell is less than the property’s carrying value, we reduce the carrying value to the fair value less estimated cost to sell. We base the fair value on the contract and the estimated cost to sell on information provided by brokers and legal counsel. We will continue to review the property for subsequent changes in the fair value and may recognize an additional impairment charge if warranted. Direct Financing Leases — We review our direct financing leases at least annually to determine whether there has been an other-than-temporary decline in the current estimate of residual value of the property. The residual value is our estimate of what we could realize upon the sale of the property at the end of the lease term, based on market information and third-party estimates where available. If this review indicates that a decline in residual value has occurred that is other-than-temporary, we recognize an impairment charge equal to the difference between the fair value and carrying amount of the residual value. We also assess the carrying amount for recoverability and if, as a result of the decreased expected cash flows, we determine that our carrying value is not fully recoverable, we record an allowance for credit losses to reflect the change in the estimate of the future cash flows that includes rent. Accordingly, the net investment balance is written down to fair value. When we enter into a contract to sell the real estate assets that are recorded as direct financing leases, we evaluate whether we believe it is probable that the disposition will occur. If we determine that the disposition is probable, we will classify the net investment as held for sale and write down the net investment to its fair value if the fair value is less than the carrying value. Equity Investments in Real Estate — We evaluate our equity investments in real estate on a periodic basis to determine if there are any indicators that the value of our equity investment may be impaired and whether or not that impairment is other-than-temporary. To the extent an impairment has occurred and is determined to be other-than-temporary, we measure the charge as the excess of the carrying value of our investment over its estimated fair value, which is determined by calculating our share of the estimated fair market value of the underlying net assets based on the terms of the applicable partnership or joint venture agreement. For our equity investments in real estate, we calculate the estimated fair value of the underlying investment’s real estate or net investment in direct financing lease as described in Real Estate and Direct Financing Leases above. The fair value of the underlying investment’s debt, if any, is calculated based on market interest rates and other market information. The fair value of the underlying investment’s other financial assets and liabilities (excluding net investments in direct financing leases) have fair values that generally approximate their carrying values. Goodwill — We evaluate goodwill for possible impairment at least annually or upon the occurrence of a triggering event using a two-step process. A triggering event is an event or circumstance that would more likely than not reduce the fair value of a reporting unit below its carrying amount, including sales of properties defined as businesses for which the relative size of the sold property is significant to the reporting unit, that could impact our goodwill impairment calculations. The goodwill impairment test is a two-step test. However, we have the option to qualitatively assess any potential impairment via step zero prior to analyzing steps one and two quantitatively. In this step, the macroeconomic environment in which the reporting unit operates is analyzed for any significant changes, such as deterioration in a market in which we operate or deterioration in overall financial performance, such as declining cash flows. Also, entity-specific changes are analyzed, such as changes in management, strategy, or composition of reporting unit. If, after assessing the overall macroeconomic environment, it is unlikely that the fair value is less than the carrying value, steps one and two do not need to be performed. If step zero is not considered, the first step is to compare the estimated fair value of each of our reporting units with their respective carrying amount, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, we do not consider goodwill to be impaired and no further analysis is required. If the carrying amount of the reporting unit exceeds its estimated fair value, we then perform the second step to determine and measure the amount of the potential impairment charge. For the second step, if it were required, we compare the implied fair value of the goodwill for each reporting unit with its respective carrying amount and record an impairment charge equal to the excess of the carrying amount over the implied fair value. We would determine the implied fair value of the goodwill by allocating the estimated fair value of the reporting unit to its assets and liabilities. The excess of the estimated fair value of the reporting unit over the amounts assigned to its assets and liabilities is the implied fair value of the goodwill. Debt Securities — We have investments in debt securities that are designated as securities held to maturity. On a quarterly basis, we evaluate our debt securities to determine if they have experienced an other-than temporary decline in value. If the market value of the debt security is below its amortized cost, and we either intend to sell the security or it is more likely than not that we will be required to sell the security before its anticipated recovery, we record the entire amount of the other-than-temporary impairment charge in earnings. Additionally, we consider the significance of the decline and other factors contributing to the decline, such as delinquency, expected credit losses, the length of time that the fair market value has been below cost, and expected market conditions (including volatility), in our analysis of whether a decline is other than temporary. Under current authoritative accounting guidance, if the debt security’s market value is below its amortized cost and we either intend to sell the security or it is more likely than not that we will be required to sell the security before its anticipated recovery, we record the entire amount of the other-than-temporary impairment charge in earnings. We do not intend to sell our debt securities and we do not expect that it is more likely than not that we will be required to sell these investments before their anticipated recovery. However, if we determine that an other-than-temporary impairment has occurred, we calculate the total impairment charge as the difference between the carrying value of our debt securities and their estimated fair value. We then separate the other-than-temporary impairment charge into the non-credit loss portion and the credit loss portion. We determine the non-credit loss portion by analyzing the changes in spreads on high credit quality debt securities as compared with the changes in spreads on the debt securities being analyzed for other-than-temporary impairment. We generally perform this analysis over a time period from the date of acquisition of the debt securities through the date of the analysis. Any resulting loss is deemed to represent losses due to the illiquidity of the debt securities and is recorded as a separate component of other comprehensive loss in equity. We then measure the credit loss portion of the other-than-temporary impairment as the residual amount of the other-than-temporary impairment. We record the non-credit loss portion in earnings. Following recognition of the other-than-temporary impairment, the difference between the new cost basis of the debt securities and cash flows expected to be collected is accreted to Other interest income over the remaining expected lives of the securities.
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.
Reclassification	Reclassifications — Certain prior period amounts have been reclassified to conform to the current period presentation.
Real Estate	Real Estate and Operating Real Estate — We carry land, buildings, and personal property at cost less accumulated depreciation. We capitalize improvements and significant renovations that extend the useful life of the properties, while we expense replacements, maintenance, and repairs that do not improve or extend the lives of the respective assets as incurred. Real Estate Under Construction — For properties under construction, operating expenses, including interest charges and other property expenses (e.g. real estate taxes, insurance and legal costs) are capitalized rather than expensed. We capitalize interest by applying the interest rate applicable to any funding specific to the property or the interest rate applicable to outstanding borrowings to the average amount of accumulated qualifying expenditures for properties under construction during the period.
Acquisition, Development and Construction Loans	Acquisition, Development, and Construction Loans — We provide funding to developers for the acquisition, development, and construction of real estate, or ADC Arrangements. Under such ADC Arrangements, we may participate in the residual profits of the project through the sale or refinancing of the property. We evaluate these arrangements to determine if they have characteristics similar to a loan or if the characteristics are more similar to a joint venture or partnership, such as participating in the risks and rewards of the project as an owner or an investment partner. For those arrangements with characteristics of a loan, we follow the accounting guidance for loans and disclose within our Finance Receivables footnote ( Note 5 ). When we determine that the characteristics are more similar to a jointly owned investment or partnership, we account for those arrangements under the equity method of accounting ( Note 6 ). Once the investment or partnership begins operations, we use the hypothetical liquidation at book value method to calculate income or loss (which considers the principal and interest under the loan to be a preferential return).
Assets Held for Sale	Assets Held for Sale — We classify those assets that are associated with operating leases as held for sale when we have entered into a contract to sell the property, all material due diligence requirements have been satisfied, and we believe it is probable that the disposition will occur within one year. Assets held for sale are recorded at the lower of carrying value or estimated fair value, less estimated cost to sell. Real Estate Sales — In the unlikely event that we decide not to sell a property previously classified as held for sale, we reclassify the property as held and used. We measure and record a property that is reclassified as held and used at the lower of (i) its carrying amount before the property was classified as held for sale, adjusted for any depreciation expense that would have been recognized had the property been continuously classified as held and used or (ii) the estimated fair value at the date of the subsequent decision not to sell. We recognize gains and losses on the sale of properties when, among other criteria, we no longer have continuing involvement, the parties are bound by the terms of the contract, all consideration has been exchanged, and all conditions precedent to closing have been performed. At the time the sale is consummated, a gain or loss is recognized as the difference between the sale price, less any selling costs, and the carrying value of the property.
Loans Receivable	Loans Receivable — For investments in mortgage notes and loan participations, the loans are initially reflected at acquisition cost, which consists of the outstanding balance, net of the acquisition discount or premium. We amortize any discount or premium as an adjustment to increase or decrease, respectively, the yield realized on these loans over the life of the loan. As such, differences between carrying value and principal balances outstanding do not represent embedded losses or gains as we generally plan to hold such loans to maturity. Our loans receivable are included in Other assets, net in the consolidated financial statements.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts — We consider rents due under leases and payments under loans receivable to be past-due or delinquent when a contractually required rent, principal, or interest payment is not remitted in accordance with the provisions of the underlying agreement. We evaluate each account individually and set up an allowance when, based upon current information and events, it is probable that we will be unable to collect all amounts due according to the existing contractual terms and the amount can be reasonably estimated.
Cash and Cash Equivalents	Cash and Cash Equivalents — We consider all short-term, highly liquid investments that are both readily convertible to cash and have a maturity of three months or less at the time of purchase to be cash equivalents. Items classified as cash equivalents include commercial paper and money market funds. Our cash and cash equivalents are held in the custody of several financial institutions, and these balances, at times, exceed federally-insurable limits. We seek to mitigate this risk by depositing funds only with major financial institutions.
Debt Securities	Debt Securities — We have investments, such as commercial mortgage-backed securities, or CMBS, that were designated as securities held to maturity on the date of acquisition, in accordance with current accounting guidance. We carry these securities at cost, net of unamortized premiums and discounts, which are recognized in interest income using an effective yield or “interest” method, and assess them for other-than-temporary impairment on a quarterly basis.
Deferred Charges	Other Assets and Liabilities — We include prepaid expenses, deferred rental income, tenant receivables, deferred charges, escrow balances held by lenders, restricted cash balances, deferred tax assets, marketable debt securities, derivative assets, and loans receivable in Other assets, net in the consolidated financial statements. We include derivative liabilities, amounts held on behalf of tenants, and deferred revenue in Accounts payable, accrued expenses and other liabilities in the consolidated financial statements. Deferred charges include costs incurred in connection with the Revolver in the Senior Credit Facility that are amortized over the term of the facility and included in Interest expense in the consolidated financial statements. Deferred rental income for operating leases is the aggregate cumulative difference between scheduled rents that vary during the lease term and rent recognized on a straight-line basis. Deferred Acquisition Fees Payable to Affiliate — Fees payable to our Advisor for structuring and negotiating investments and related mortgage financing on our behalf are included in Due to affiliates ( Note 3 ). This fee, together with its accrued interest, is payable in three equal annual installments on the first business day of the fiscal quarterly immediately following the fiscal quarter in which an investment is made, and the first business day of the corresponding fiscal quarter in each of the subsequent two fiscal years. The timing of the payment of such fees is subject to preferred return criterion, a non-compounded cumulative distribution return of 5% per annum (based initially on our invested capital).
Share Repurchases	Share Repurchases — Share repurchases are recorded as a reduction of common stock par value and additional paid-in capital under our redemption plan, pursuant to which we may elect to redeem shares at the request of our stockholders, subject to certain exceptions, conditions, and limitations. The maximum amount of shares purchasable by us in any period depends on a number of factors and is at the discretion of our board of directors.
Noncontrolling Interests	Noncontrolling Interests — We account for the special general partner interest in our Operating Partnership as a noncontrolling interest ( Note 3 ). The special general partner interest in our Operating Partnership entitles W. P. Carey Holdings, LLC, or Carey Holdings, also known as the Special General Partner, to cash distributions and, in the event there is a termination or non-renewal of the advisory agreement, redemption rights. Cash distributions to the Special General Partner are accounted for as an allocation to net income attributable to noncontrolling interest.
Revenue Recognition	Revenue Recognition — We lease real estate to others primarily on a triple-net leased basis whereby the tenant is generally responsible for operating expenses relating to the property, including property taxes, insurance, maintenance, repairs, and improvements. For the years ended December 31, 2016 , 2015 , and 2014 , our tenants, pursuant to their lease obligations, have made direct payment to the taxing authorities of real estate taxes of approximately $22.9 million , $23.6 million , and $22.2 million , respectively. Substantially all of our leases provide for either scheduled rent increases, periodic rent adjustments based on formulas indexed to changes in the Consumer Price Index, or CPI, or similar indices, or percentage rents. CPI-based adjustments are contingent on future events and are therefore not included as minimum rent in straight-line rent calculations. We recognize rents from percentage rents as reported by the lessees, which is after the level of sales requiring a rental payment to us is reached. Percentage rents were insignificant for the periods presented. For the years ended December 31, 2016 , 2015 , and 2014 , we recognized straight-line rent adjustments of $15.2 million , $17.2 million , and $15.5 million , respectively, which increased Rental income within our consolidated financial statements for each year. For our operating leases, we record real estate at cost less accumulated depreciation; we recognize future minimum rental revenue on a straight-line basis over the non-cancelable lease term of the related leases and charge expenses to operations as incurred ( Note 4 ). We record leases accounted for under the direct financing method as a net investment in leases ( Note 5 ). The net investment is equal to the cost of the leased assets. The difference between the cost and the gross investment, which includes the residual value of the leased asset and the future minimum rents, is unearned income. We defer and amortize unearned income to income over the lease term so as to produce a constant periodic rate of return on our net investment in the lease.
Asset Retirement Obligations	Asset Retirement Obligations — Asset retirement obligations relate to the legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development, and/or normal operation of a long-lived asset. The fair value of a liability for an asset retirement obligation is recorded in the period in which it is incurred and the cost of such liability is recorded as an increase in the carrying amount of the related long-lived asset by the same amount. The liability is accreted each period and the capitalized cost is depreciated over the estimated remaining life of the related long-lived asset. Revisions to estimated retirement obligations result in adjustments to the related capitalized asset and corresponding liability. In order to determine the fair value of the asset retirement obligations, we make certain estimates and assumptions including, among other things, projected cash flows, the borrowing interest rate, and an assessment of market conditions that could significantly impact the estimated fair value. These estimates and assumptions are subjective.
Depreciation	Depreciation — We compute depreciation of building and related improvements using the straight-line method over the estimated remaining useful lives of the properties (not to exceed 40 years ) and furniture, fixtures, and equipment (generally up to 7 years ). We compute depreciation of tenant improvements using the straight-line method over the lesser of the remaining term of the lease or the estimated useful life.
Interest Capitalized in Connection with Real Estate Under Construction	Interest Capitalized in Connection with Real Estate Under Construction — Operating real estate is stated at cost less accumulated depreciation. Interest directly related to build-to-suit projects is capitalized. We consider a build-to-suit project as substantially completed upon the completion of improvements. If discrete portions of a project are substantially completed and occupied and other portions have not yet reached that stage, the substantially completed portions are accounted for separately. We allocate costs incurred between the portions under construction and the portions substantially completed and only capitalize those costs associated with the portion under construction. We determine an interest rate to be applied for capitalizing interest based on a blended rate of our debt obligations.
Foreign Currency	Foreign Currency Translation and Transaction Gains and Losses — We have interests in real estate investments primarily in Europe, for which the functional currency is the euro. We perform the translation from euro to the U.S. dollar for assets and liabilities using current exchange rates in effect at the balance sheet date and for revenue and expense accounts using a weighted-average exchange rate during the year. We report the gains and losses resulting from such translation as a component of other comprehensive loss in equity. These translation gains and losses are released to net income when we have substantially exited from all investments in the related currency. A transaction gain or loss (measured from the transaction date or the most recent intervening balance sheet date, whichever is later), realized upon settlement of a foreign currency transaction generally will be included in net income for the period in which the transaction is settled. Also, intercompany foreign currency transactions that are scheduled for settlement, consisting primarily of accrued interest and the translation to the reporting currency of short-term subordinated intercompany debt with scheduled principal payments, are included in the determination of net income. Intercompany foreign currency transactions of a long-term nature (that is, settlement is not planned or anticipated in the foreseeable future), in which the entities to the transactions are consolidated or accounted for by the equity method in our consolidated financial statements, are not included in net income but are reported as a component of other comprehensive income in equity. Net realized gains or (losses) are recognized on foreign currency transactions in connection with the transfer of cash from foreign operations of subsidiaries to the parent company.
Derivative Instruments	Derivative Instruments — 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 qualifies 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. The ineffective portion of a derivative’s change in fair value is immediately recognized in earnings. For a derivative designated, and that qualifies, 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. The ineffective portion of the change in fair value of the derivative is recognized directly in earnings. Amounts are reclassified out of Other comprehensive loss into earnings when the hedged investment is either sold or substantially liquidated. We use the portfolio exception in Accounting Standards Codification 820-10-35-18D, Application to Financial Assets and Financial Liabilities with Offsetting Positions in Market Risk or Counterparty Credit Risk , with respect to measuring counterparty credit risk for all of our derivative transactions subject to master netting arrangements. 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 qualifies, 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.
Income Taxes	Income Taxes — We have elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code. In order to maintain our qualification as a REIT, we are required, among other things, to distribute at least 90% of our REIT net taxable income to our stockholders and meet certain tests regarding the nature of our income and assets. As a REIT, we are not subject to federal income taxes on our income and gains that we distribute to our stockholders as long as we satisfy certain requirements, principally relating to the nature of our income and the level of our distributions, as well as other factors. We believe that we have operated, and we intend to continue to operate, in a manner that allows us to continue to qualify as a REIT. We conduct business in various states and municipalities within the United States, Europe, and Asia and, as a result, we or one or more of our subsidiaries file income tax returns in the United States federal jurisdiction and various state and certain foreign jurisdictions. As a result, we are subject to certain foreign, state, and local taxes and a provision for such taxes is included in the consolidated financial statements. We elect to treat certain of our corporate subsidiaries as taxable REIT subsidiaries, or TRSs. In general, a TRS may perform additional services for our tenants and generally may engage in any real estate or non-real estate-related business (except for the operation or management of health care facilities or lodging facilities or providing to any person, under a franchise, license or otherwise, rights to any brand name under which any lodging facility or health care facility is operated). A TRS is subject to corporate federal income tax. Deferred income taxes are recorded for the taxable subsidiaries in their respective jurisdictions based on earnings reported. The current provision for income taxes differs from the amounts currently payable because of temporary differences in the recognition of certain income and expense items for financial reporting and tax reporting purposes. Deferred income taxes are computed under the asset and liability method. The asset and liability method requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between tax bases and financial bases of assets and liabilities ( Note 13 ). Significant judgment is required in determining our tax provision and in evaluating our tax positions. We establish tax reserves based on a benefit recognition model, which we believe could result in a greater amount of benefit (and a lower amount of reserve) being initially recognized in certain circumstances. Provided that the tax position is deemed more likely than not of being sustained, we recognize the largest amount of tax benefit that is greater than 50% likely of being ultimately realized upon settlement. We derecognize the tax position when it is no longer more likely than not of being sustained. Our earnings and profits, which determine the taxability of distributions to stockholders, differ from net income reported for financial reporting purposes due primarily to differences in depreciation, including our hotel property, and timing differences of rent recognition and certain expense deductions, for federal income tax purposes. Deferred income taxes relate primarily to our TRSs and foreign properties, and are accounted for using the asset and liability method. Under this method, deferred income taxes are recognized for temporary differences between the financial reporting bases of assets and liabilities of our TRSs and their respective tax bases, and for their operating loss and tax credit carryforwards based on enacted tax rates expected to be in effect when such amounts are realized or settled. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of available evidence, including tax planning strategies and other factors.
Earnings Per Share	Earnings Per Share — We have a simple equity capital structure with only common stock outstanding. As a result, earnings per share, as presented, represents both basic and dilutive per-share amounts for all periods presented in the consolidated financial statements. Income per basic and diluted share of common stock is calculated by dividing net income by the weighted-average number of shares of common stock issued and outstanding during such period.
Use of Estimates	Use of Estimates — 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.
Recent Accounting Requirements	Recent Accounting Pronouncements In May 2014, the FASB issued 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, which constitute a majority of our revenues, but will apply to reimbursed tenant costs and revenues generated from our operating properties. We will adopt this guidance for our annual and interim periods beginning January 1, 2018 using one of two methods: retrospective restatement for each reporting period presented at the time of adoption, or retrospectively with the cumulative effect of initially applying this guidance recognized at the date of initial application. We have not decided which method of adoption we will use. We are evaluating the impact of the new standard and have not yet determined if it will have a material impact on our business or our consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810). ASU 2015-02 amends the current consolidation guidance, including modification of the guidance for evaluating whether limited partnerships and similar legal entities are VIEs or voting interest entities. The guidance does not amend the existing disclosure requirements for VIEs or voting interest model entities. The guidance, however, modified the requirements to qualify under the voting interest model. Under the revised guidance, ASU 2015-02 requires an entity to classify a limited liability company or a limited partnership as a VIE unless the partnership provides partners with either substantive kick-out rights over the managing member or substantive participating rights over the entity or VIE. Please refer to the discussion in the Basis of Consolidation section above. In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30). ASU 2015-03 changes the presentation of debt issuance costs, which were previously recognized as an asset and requires that they be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. 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, and retrospective application is required. We adopted ASU 2015-03 on January 1, 2016 and have disclosed the reclassification of our debt issuance costs in the Reclassifications section above. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 outlines a new model for accounting by lessees, whereby their rights and obligations under substantially all leases, existing and new, would be capitalized and recorded on the balance sheet. For lessors, however, the accounting remains largely unchanged from the current model, with the distinction between operating and financing leases retained, but updated to align with certain changes to the lessee model and the new revenue recognition standard. The new standard also replaces existing sale-leaseback guidance with a new model applicable to both lessees and lessors. Additionally, the new standard requires extensive quantitative and qualitative disclosures. ASU 2016-02 is effective for U.S. GAAP public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; for all other entities, the final lease standard will be effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early application will be permitted for all entities. The new standard must be adopted using a modified retrospective transition of the new guidance and provides for certain practical expedients. Transition will require application of the new model at the beginning of the earliest comparative period presented. The ASU is expected to impact our consolidated financial statements as we have certain operating office and land lease arrangements for which we are the lessee. We are evaluating the impact of the new standard and have not yet determined if it will have a material impact on our business or our consolidated financial statements. In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships. ASU 2016-05 clarifies that a change in counterparty to a derivative contract in and of itself, does not require the dedesignation of a hedging relationship. ASU 2016-05 is effective for fiscal years beginning after December 15, 2016, including interim periods within those years. Early adoption is permitted and entities have the option of adopting this guidance on a prospective basis to new derivative contracts or on a modified retrospective basis. We elected to early adopt ASU 2016-05 on January 1, 2016 on a prospective basis and there was no impact on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-07, Investments – Equity Method and Joint Ventures (Topic 323). ASU 2016-07 simplifies the transition to the equity method of accounting. ASU 2016-07 eliminates the requirement to apply the equity method of accounting retrospectively when a reporting entity obtains significant influence over a previously held investment. Instead the equity method of accounting will be applied prospectively from the date significant influence is obtained. The new standard should be applied prospectively for investments that qualify for the equity method of accounting in interim and annual periods beginning after December 15, 2016. Early adoption is permitted and we elected to early adopt this standard as of January 1, 2016. The adoption of this standard had no impact on our consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses. ASU 2016-13 introduces a new model for estimating credit losses based on current expected credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities and net investments in direct financing leases, amongst other financial instruments. ASU 2016-13 also modifies the impairment model for available-for-sale debt securities and expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the allowance for losses. ASU 2016-13 will be effective for public business entities in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early application of the guidance permitted. We are in the process of evaluating the impact of adopting ASU 2016-13 on our consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 intends to reduce diversity in practice for certain cash flow classifications, including, but not limited to (i) debt prepayment or debt extinguishment costs, (ii) contingent consideration payments made after a business combination, (iii) proceeds from the settlement of insurance claims, and (iv) distributions received from equity method investees. ASU 2016-15 will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early application of the guidance permitted. We are in the process of evaluating the impact of adopting ASU 2016-15 on our consolidated financial statements. In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control . ASU 2016-17 changes how a reporting entity that is a decision maker should consider indirect interests in a VIE held through an entity under common control. If a decision maker must evaluate whether it is the primary beneficiary of a VIE, it will only need to consider its proportionate indirect interest in the VIE held through a common control party. ASU 2016-17 amends ASU 2015-02, which we adopted on January 1, 2016, and which currently directs the decision maker to treat the common control party’s interest in the VIE as if the decision maker held the interest itself. ASU 2016-17 will be effective for public business entities in fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, with early adoption permitted. The adoption of this standard is not expected to have a material impact on our consolidated financial statements. In November 2016 the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash . ASU 2016-18 intends to reduce diversity in practice for the classification and presentation of changes in restricted cash on the statement of cash flows. ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early adoption permitted. We are in the process of evaluating the impact of adopting ASU 2016-18 on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . ASU 2017-01 intends to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the current implementation guidance in Topic 805, there are three elements of a business: inputs, processes, and outputs. While an integrated set of assets and activities, collectively referred to as a “set,” that is a business usually has outputs, outputs are not required to be present. ASU 2017-01 provides a screen to determine when a set is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. ASU 2017-01 will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early adoption permitted. We elected to early adopt ASU 2017-01 on January 1, 2017 on a prospective basis. While our acquisitions have historically been classified as either business combinations or asset acquisitions, certain acquisitions that were classified as business combinations by us likely would have been considered asset acquisitions under the new standard. As a result, future transaction costs are more likely to be capitalized since we expect most of our future acquisitions to be classified as asset acquisitions under this new standard. In addition, goodwill will no longer be allocated and written off upon sale if future sales were deemed to be sales of assets and not businesses. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . ASU 2017-04 removes step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. ASU 2017-04 will be effective for public business entities in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years in which a goodwill impairment test is performed, with early adoption permitted. We are in the process of evaluating the impact of adopting ASU 2017-04 on our consolidated financial statements. In February 2017, the FASB issued ASU 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) . ASU 2017-05 clarifies that a financial asset is within the scope of Subtopic 610-20 if it meets the definition of an in substance nonfinancial asset. The amendments define the term in substance nonfinancial asset, in part, as a financial asset promised to a counterparty in a contract if substantially all of the fair value of the assets (recognized and unrecognized) that are promised to the counterparty in the contract is concentrated in nonfinancial assets. If substantially all of the fair value of the assets that are promised to the counterparty in a contract is concentrated in nonfinancial assets, then all of the financial assets promised to the counterparty are in substance nonfinancial assets within the scope of Subtopic 610-20. This amendment also clarifies that nonfinancial assets within the scope of Subtopic 610-20 may include nonfinancial assets transferred within a legal entity to a counterparty. For example, a parent may transfer control of nonfinancial assets by transferring ownership interests in a consolidated subsidiary. 2017-05 is effective for periods beginning after December 15, 2017, with early application permitted for fiscal years beginning after December 15, 2016. We are currently evaluating the impact of ASU 2017-05 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard.
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 ADC Arrangements. Under ADC Arrangements, we have provided 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	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. 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.
Fair Value of Financial Instruments	Derivative Assets — Our derivative assets, which are included in Other assets, net in the consolidated financial statements, are comprised of interest rate caps, interest rate swaps, foreign currency forward contracts, stock warrants, foreign currency collars, and a swaption ( Note 9 ). The interest rate caps, interest rate swaps, foreign currency forward contracts, foreign currency collars, 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 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 collars ( Note 9 ). These derivative instruments were measured at fair value using readily observable market inputs, such as quotations on interest rates, and were classified as Level 2 because they are custom, over-the-counter contracts with various bank counterparties that are not traded in an active market. The fair value of an asset is defined as the exit price, which is the amount that would either be received when an asset is sold or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-tier fair value hierarchy based on the inputs used in measuring fair value. These tiers are: Level 1, for which quoted market prices for identical instruments are available in active markets, such as money market funds, equity securities, and U.S. Treasury securities; Level 2, for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument, such as certain derivative instruments including interest rate caps, interest rate swaps, foreign currency forward contracts, and foreign currency collars; 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.

Summary of Significant Accoun32

Summary of Significant Accounting Policies and Estimates (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Variable Interest Entities	The following table presents a summary of selected financial data of the consolidated VIEs, included in the consolidated balance sheets (in thousands): December 31, 2016 2015 Net investments in properties $ 313,000 $ 309,030 Net investments in direct financing leases 315,251 303,112 In-place lease and tenant relationship intangible assets, net 19,336 20,269 Other assets, net 65,557 66,654 Total assets 714,896 705,535 Non-recourse debt, net $ 265,874 $ 262,830 Accounts payable, accrued expenses and other liabilities 14,440 15,662 Deferred income taxes 15,687 10,675 Total liabilities 296,673 289,889

Agreements and Transactions w33

Agreements and Transactions with Related Parties (Tables)	12 Months Ended
	Dec. 31, 2016
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 relevant agreements (in thousands): Years Ended December 31, 2016 2015 2014 Amounts Included in the Consolidated Statements of Income Asset management fees $ 29,705 $ 29,192 $ 26,694 Available Cash Distributions 24,765 24,668 20,427 Personnel and overhead reimbursements 9,684 12,199 11,931 Acquisition expenses 2,844 430 2,637 Interest expense on deferred acquisition fees and loan from affiliate 238 309 516 Share-based compensation 100 100 100 $ 67,336 $ 66,898 $ 62,305 Acquisition Fees Capitalized Current acquisition fees $ 3,985 $ 8,180 $ 3,979 Deferred acquisition fees 3,188 6,325 2,510 Personnel and overhead reimbursements 584 858 — $ 7,757 $ 15,363 $ 6,489 The following table presents a summary of amounts included in Due to affiliates in the consolidated financial statements (in thousands): December 31, 2016 2015 Due to Affiliates Deferred acquisition fees, including interest $ 6,584 $ 6,134 Reimbursable costs 2,299 3,150 Asset management fees payable 2,250 2,497 Accounts payable 360 6 Current acquisition fees 230 1,847 $ 11,723 $ 13,634

Net Investments in Properties34

Net Investments in Properties and Real Estate Under Construction (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Schedule of Real Estate Properties	Operating real estate, which consists of our wholly owned domestic self-storage operations, at cost, is summarized as follows (in thousands): December 31, 2016 2015 Land $ 55,645 $ 66,066 Buildings and improvements 203,326 209,455 Less: Accumulated depreciation (18,876 ) (30,308 ) $ 240,095 $ 245,213 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): December 31, 2016 2015 Land $ 563,050 $ 560,257 Buildings and improvements 2,182,374 2,098,620 Less: Accumulated depreciation (280,657 ) (225,867 ) $ 2,464,767 $ 2,433,010
Schedule of Future Minimum Rental Payments for Operating Leases	Scheduled future minimum rents, exclusive of renewals, expenses paid by tenants, and future CPI-based adjustments, under non-cancelable operating leases at December 31, 2016 are as follows (in thousands): Years Ending December 31, Total 2017 $ 273,850 2018 276,352 2019 277,570 2020 281,007 2021 283,365 Thereafter 2,696,890 Total $ 4,089,034
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following tables present a summary of assets acquired and liabilities assumed, and revenues and earnings thereon since the date of acquisition through December 31, 2016 (in thousands): Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC Cash consideration $ 11,363 Assets acquired at fair value: Land (a) $ 26,941 Buildings (a) 109,399 In-place lease intangible assets (a) 9,783 Other assets acquired 1,705 147,828 Liabilities assumed at fair value: Non-recourse debt, net (70,578 ) Other liabilities assumed (831 ) (71,409 ) Total identifiable net assets 76,419 Gain on change in control of interests (49,922 ) Carrying value of previously held equity investment (15,134 ) $ 11,363 (a) The purchase price for this transaction was allocated to the assets acquired and liabilities assumed based upon its preliminary fair value. The information in this table is based on the best estimates of management as of the date of this Report. We are in the process of finalizing our assessment of the fair value of the assets acquired and liabilities assumed; accordingly, the fair value of the assets acquired and liabilities assumed are subject to change.
Schedule Of Revenues and Net Income	Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC April 11, 2016 through December 31, 2016 Revenues $ 7,166 Net loss (b) (c) $ (9,021 ) Net loss attributable to CPA ® :17 – Global (b) (c) $ (9,021 ) (b) Excludes a $49.9 million gain on change in control of interests. (c) Includes equity in losses of equity method investments in real estate of $0.4 million .
Business Acquisition, Pro Forma Information	The pro forma financial information is not necessarily indicative of what the actual results would have been had the acquisition actually occurred on January 1, 2015, nor does it purport to represent the results of operations for future periods. (In thousands, except per share data) Years Ended December 31, 2016 2015 Pro forma total revenues $ 442,972 $ 437,295 Pro forma net income (a) $ 184,487 $ 165,489 Pro forma net income attributable to noncontrolling interests (38,863 ) (39,915 ) Pro forma net income attributable to CPA ® :17 – Global $ 145,624 $ 125,574 Pro forma basic and diluted weighted-average shares outstanding 342,147,444 334,468,362 Pro-forma basic and diluted income per share $ 0.43 $ 0.38 ___________ (a) Pro forma net income for 2015 includes a gain on change in control of interests of $49.9 million and transaction costs of $3.7 million as if they were recognized on January 1, 2015.
Real Estate Under Construction	The following table provides the activity of our Real estate under construction (in thousands): Years Ended December 31, 2016 2015 Beginning balance $ 1,068 $ 110,983 Placed into service (23,819 ) (130,704 ) Capitalized funds 22,762 20,064 Capitalized interest — 2,200 Foreign currency translation adjustments (11 ) (1,475 ) Ending balance $ — $ 1,068
Disclosure of Long Lived Assets Held-for-sale	Below is a summary of our properties held for sale (in thousands): December 31, 2016 2015 Real estate, net $ 14,850 $ — Assets held for sale $ 14,850 $ —
Schedule of Change in Asset Retirement Obligation	The following table provides the activity of our asset retirement obligations, which are included in Accounts payable, accrued expenses and other liabilities in the consolidated financial statements (in thousands): Years Ended December 31, 2016 2015 Beginning balance $ 25,424 $ 23,271 Reductions due to dispositions (10,541 ) — Additions 1,888 825 Accretion expense (a) 1,292 1,467 Foreign currency translation adjustments and other (314 ) (139 ) Ending balance $ 17,749 $ 25,424 __________ (a) Accretion of the liability is included in Property expenses in the consolidated financial statements and recognized over the economic life of the properties.

Finance Receivables (Tables)

Finance Receivables (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Capital Leases Net Investment In Direct Financing Leases	Net investments in direct financing leases is summarized as follows (in thousands): December 31, 2016 2015 Minimum lease payments receivable $ 790,111 $ 782,255 Unguaranteed residual value 189,692 175,845 979,803 958,100 Less: unearned income (471,411 ) (462,536 ) $ 508,392 $ 495,564
Schedule of Future Minimum Lease Payments for Capital Leases	Scheduled future minimum rents, exclusive of renewals, expenses paid by tenants, and future CPI-based adjustments, under non-cancelable direct financing leases at December 31, 2016 are as follows (in thousands): Years Ending December 31, Total 2017 $ 56,991 2018 57,834 2019 (a) 306,381 2020 31,271 2021 31,676 Thereafter 305,958 Total $ 790,111 ___________ (a) Includes $250.0 million for a bargain purchase option that a tenant, The New York Times Company, may exercise to acquire the property it leases from us.
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 December 31, Carrying Value at December 31, Internal Credit Quality Indicator 2016 2015 2016 2015 1 — — $ — $ — 2 2 1 61,949 2,264 3 9 10 412,075 429,212 4 5 4 65,868 108,132 5 — — — — $ 539,892 $ 539,608

Equity Investments in Real Es36

Equity Investments in Real Estate (Tables)	12 Months Ended
	Dec. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The following table presents Equity in earnings in equity method investments in real estate, which represents our proportionate share of the income or losses of these investments, as well as certain adjustments related to other-than-temporary impairment charges and amortization of basis differences related to purchase accounting adjustments (in thousands): Years Ended December 31, 2016 2015 2014 Equity Earnings from Equity Investments: Net Lease (a) $ 15,271 $ 21,692 $ 12,571 Self Storage (394 ) (1,703 ) (1,878 ) All Other (b) (5,010 ) (1,762 ) 17,655 9,867 18,227 28,348 Amortization of Basis Differences on Equity Investments: Net Lease (3,077 ) (2,263 ) (3,381 ) Self Storage (39 ) (155 ) (155 ) All Other (3,489 ) (1,142 ) (739 ) (6,605 ) (3,560 ) (4,275 ) Equity in earnings of equity method investments in real estate $ 3,262 $ 14,667 $ 24,073 __________ (a) For the years ended December 31, 2016 and December 31, 2014 , amounts include impairment charges of $1.9 million and $0.8 million , respectively, related to certain of our equity investments ( Note 8 ). (b) As of December 31, 2016 , the carrying value of one of our investments was reduced to reflect a $22.8 million impairment of goodwill at the investee level to its fair value ( Note 8 ). In addition, we recorded $10.6 million of income recognized in conjunction with the termination of a management agreement and a $10.6 million gain representing the portion of losses guaranteed by the previous management company under the terms of the management agreement. The following tables present combined summarized investee financial information of our equity method investment properties. Amounts provided are the total amounts attributable to the investment properties and do not represent our proportionate share (in thousands): December 31 or September 30 (as applicable), (a) 2016 2015 Real estate assets $ 3,293,234 $ 3,378,044 Other assets 773,576 728,439 Total assets 4,066,810 4,106,483 Debt 2,619,153 2,530,826 Accounts payable, accrued expenses and other liabilities 447,944 325,315 Total liabilities 3,067,097 2,856,141 Partners’/members’ equity $ 999,713 $ 1,250,342 Twelve Months Ended December 31 or September 30 (as applicable), (a) 2016 2015 2014 Revenues $ 815,161 $ 779,875 $ 595,228 Expenses 865,706 791,224 546,170 (Loss) income from continuing operations $ (50,545 ) $ (11,349 ) $ 49,058 __________ (a) We record our investments in BPS Nevada, LLC, BG LLH, LLC, IDL Wheel Tenant, LLC, and Shelborne Property Associates, LLC on a one quarter lag. Therefore, amounts in our financial statements for the years ended December 31, 2016 , 2015 , and 2014 are based on balances and results of operations from BPS Nevada, LLC, BG LLH, LLC, IDL Wheel Tenant, LLC, and Shelborne Property Associates, LLC as of and for the 12 months ended September 30, 2016 , 2015 , and 2014 , respectively. 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 December 31, Lessee/Equity Investee Co-owner December 31, 2016 2016 2015 Net Lease: C1000 Logistiek Vastgoed B.V. (a) (b) WPC 85% $ 54,621 $ 59,629 U-Haul Moving Partners, Inc. and Mercury Partners, LP (c) WPC 12% 37,601 39,309 BPS Nevada, LLC (c) (d) Third Party 15% 23,036 22,007 Bank Pekao S.A. (a) (c) CPA ® :18 – Global 50% 23,025 25,785 State Farm (c) CPA ® :18 – Global 50% 17,603 18,587 Berry Plastics Corporation (c) WPC 50% 14,974 16,094 Apply Sørco AS (a) CPA ® :18 – Global 49% 12,528 15,170 Tesco plc (a) (c) (e) WPC 49% 10,807 11,849 Hellweg Die Profi-Baumärkte GmbH & Co. KG (referred to as Hellweg 2) (a) (c) (f) WPC 37% 10,125 12,212 Agrokor d.d. (referred to as Agrokor 5) (a) (c) CPA ® :18 – Global 20% 7,079 7,858 Eroski Sociedad Cooperativa – Mallorca (a) WPC 30% 6,576 6,790 Dick’s Sporting Goods, Inc. (c) WPC 45% 4,367 5,055 222,342 240,345 Self-Storage: Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC (g) Third Party N/A — 16,060 — 16,060 All Other: Shelborne Property Associates, LLC (referred to as Shelborne) (c) (d) (h) (i) Third Party 33% 127,424 148,121 IDL Wheel Tenant, LLC (c) (d) (h) Third Party N/A 37,124 44,387 BG LLH, LLC (c) (d) Third Party 7% 36,756 37,720 BPS Nevada, LLC - Preferred Equity (c) (j) Third Party N/A 27,459 27,514 228,763 257,742 $ 451,105 $ 514,147 __________ (a) The carrying value of this investment is affected by the impact of fluctuations in the exchange rate of the applicable foreign currency. (b) This investment represents a tenancy-in-common interest, whereby the property is encumbered by debt for which we are jointly and severally liable. The co-obligor is WPC and the amount due under the arrangement was approximately $68.4 million at December 31, 2016 . Of this amount, $58.1 million represents the amount we agreed to pay and is included within the carrying value of this investment at December 31, 2016 . (c) This investment is a VIE. (d) This investment is reported using the hypothetical liquidation at book value model. (e) On July 29, 2016, this investment refinanced a non-recourse mortgage loan that had an outstanding balance of $33.8 million with new financing of $34.6 million , of which our proportionate share was $17.0 million . The previous loan had an interest rate of 5.9% and a maturity date of July 31, 2016, while the new loan has an interest rate of Euro Interbank Offered Rate plus a margin of 3.3% and a term of five years. (f) In January 2017, our jointly owned Hellweg 2 equity investment repaid non-recourse mortgage loans with an aggregate principal balance of approximately $243.8 million , of which our interest was $89.0 million ( Note 17 ). During the fourth quarter of 2015, the German tax authority revoked its previous position on the application of a ruling in an unrelated matter by a Federal German tax court. Based on this change in position, the obligation for German real estate transfer taxes recorded in connection with our acquisition of the Partner’s remaining 5% equity interest in PropCo was no longer deemed probable of occurring. As a result, Hellweg 2 recorded a reversal of previously recognized gain on real estate transfer tax, of which our share was approximately $6.2 million and was recorded within Equity in earnings of equity method investments in real estate in our consolidated financial statements for the year ended December 31, 2015 . (g) At December 31, 2015, the carrying value of this investment included our 45% equity interest as well as a 40% indirect economic interest. On April 11, 2016, we acquired the remaining 15% controlling interest in these entities and, as a result, now have 100% of the economic interest and consolidate this investment as of December 31, 2016 . In addition, on October 26, 2016 we exercised our option to purchase the 40% indirect economic interest in Madison Storage NYC, LLC and therefore this investment is considered a voting interest entity as of December 31, 2016 . Veritas Group IX-NYC, LLC was considered a VIE at December 31, 2016 ( Note 4 ). (h) Represents a domestic ADC Arrangement. There was no unfunded balance on the loan related to this investment at December 31, 2016 . This investment was placed into service during 2015. (i) The carrying value as of December 31, 2016 includes a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value, partially offset by $10.6 million of income recognized in conjunction with the termination of a management agreement and a $10.6 million gain representing the portion of losses guaranteed by the previous management company under the terms of the management agreement. (j) This investment represents a preferred equity interest, with a preferred rate of return between 8% - 12% during 2015 and 12% during 2016 and thereafter until November 19, 2019, the date on which the preferred equity interest is redeemable.

Intangible Assets and Liabili37

Intangible Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Intangible Assets And Liabilities [Abstract]
Schedule Of Acquired Intangible Assets Liabilities By Major Class	In connection with our investment activity during 2016 , we recorded net lease intangibles comprised as follows (life in years, dollars in thousands): Weighted-Average Life Amount Finite-Lived Intangible Assets In-place lease 13.7 $ 48,151 Above-market rent 20.0 5,663 $ 53,814 Finite-Lived Intangible Liabilities Below-market rent 19.3 $ (5,454 )
Schedule Of Intangible Assets and Liabilities	Intangible assets and liabilities are summarized as follows (in thousands): December 31, 2016 December 31, 2015 Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite-Lived Intangible Assets In-place lease and tenant relationship 1 - 53 $ 620,149 $ (181,598 ) $ 438,551 $ 588,858 $ (143,635 ) $ 445,223 Above-market rent 3 - 40 91,895 (24,599 ) 67,296 88,288 (20,405 ) 67,883 Below-market ground leases 55 - 94 12,023 (508 ) 11,515 12,184 (322 ) 11,862 724,067 (206,705 ) 517,362 689,330 (164,362 ) 524,968 Indefinite-Lived Intangible Assets Goodwill 304 — 304 304 — 304 Total intangible assets $ 724,371 $ (206,705 ) $ 517,666 $ 689,634 $ (164,362 ) $ 525,272 Finite-Lived Intangible Liabilities Below-market rent 1 - 53 $ (120,725 ) $ 39,025 $ (81,700 ) $ (116,952 ) $ 21,364 $ (95,588 ) Above-market ground lease 49 - 88 (1,145 ) 46 (1,099 ) (1,145 ) 32 (1,113 ) Total intangible liabilities $ (121,870 ) $ 39,071 $ (82,799 ) $ (118,097 ) $ 21,396 $ (96,701 )
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Based on the intangible assets and liabilities recorded at December 31, 2016 , scheduled annual net amortization of intangibles for the next five calendar years and thereafter is as follows (in thousands): Years Ending December 31, Net (Increase) Decrease in Rental Income Increase to Amortization/Property Expenses Net 2017 $ (2,849 ) $ 42,808 $ 39,959 2018 466 35,008 35,474 2019 466 34,691 35,157 2020 458 34,563 35,021 2021 461 34,455 34,916 Thereafter (13,406 ) 267,442 254,036 $ (14,404 ) $ 448,967 $ 434,563

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
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): December 31, 2016 December 31, 2015 Level Carrying Value Fair Value Carrying Value Fair Value Non-recourse debt (a) (b) 3 $ 2,022,250 $ 2,053,353 $ 1,881,774 $ 1,937,459 Loans receivable (b) 3 31,500 31,500 44,044 44,044 CMBS (c) 3 4,027 7,470 2,765 8,739 ___________ (a) In accordance with ASU 2015-03, we reclassified deferred financing costs from Other assets, net to Non-recourse debt, net and Senior Credit Facility, net as of December 31, 2015 , for the amount of $12.8 million ( Note 2 ). The carrying value of Non-recourse debt, net includes unamortized deferred financing costs of $9.3 million and $12.5 million at December 31, 2016 and 2015, respectively. (b) We determined the estimated fair value of these financial instruments using a discounted cash flow model that estimates the present value of the future loan payments by discounting such payments at current estimated market interest rates. The estimated market interest rates take into account interest rate risk and the value of the underlying collateral, which includes quality of the collateral, the credit quality of the tenant/obligor, and the time until maturity. (c) At December 31, 2016 and 2015 , we had three separate tranches of CMBS investments, which are scheduled to mature between November 2017 and February 2018. The carrying value of our CMBS is inclusive of impairment charges for the years ended December 31, 2016 and 2015 , as well as accretion related to the estimated cash flows expected to be received.
Schedule Of Fair Value Impairment Charges Using Unobservable Inputs Nonrecurring Basis	The following table presents information about the assets for which we recorded an impairment charge that was measured at fair value on a non-recurring basis (in thousands): Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Fair Value Total Fair Value Total Fair Value Total Impairment Charges Real estate $ 14,850 $ 29,183 $ — $ — $ — $ — CMBS 400 523 1,478 1,023 1,808 570 29,706 1,023 570 Equity investments in real estate 12,528 1,919 — — 7,662 766 $ 31,625 $ 1,023 $ 1,336

Risk Management and Use of De39

Risk Management and Use of Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
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 December 31, 2016 December 31, 2015 December 31, 2016 December 31, 2015 Foreign currency forward contracts Other assets, net $ 38,735 $ 41,850 $ — $ — Foreign currency collars Other assets, net 522 4 — — Interest rate caps Other assets, net 79 — — — Interest rate swaps Other assets, net 54 — — — Interest rate swaps Accounts payable, accrued expenses and other liabilities — — (6,011 ) (10,732 ) Foreign currency collars Accounts payable, accrued expenses and other liabilities — — (4 ) (109 ) Derivatives Not Designated as Hedging Instruments Stock warrants Other assets, net 1,848 1,782 — — Swaption Other assets, net 264 309 — — Interest rate swap Accounts payable, accrued expenses and other liabilities — — (173 ) — Total derivatives $ 41,502 $ 43,945 $ (6,188 ) $ (10,841 )
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) Income (Effective Portion) Years Ended December 31, Derivatives in Cash Flow Hedging Relationships 2016 2015 2014 Interest rate swaps $ 4,174 $ 2,715 $ (5,542 ) Foreign currency forward contracts (2,224 ) 18,126 29,313 Foreign currency collars 628 (107 ) (290 ) Interest rate caps (a) 4 — 913 Derivatives in Net Investment Hedging Relationships (b) Foreign currency forward contracts (241 ) 417 484 Foreign currency collars (5 ) 2 — Derivatives Formerly in Net Investment Hedging Relationships (c) Foreign currency forward contracts — — 4,511 Total $ 2,336 $ 21,153 $ 29,389 Amount of Gain (Loss) Reclassified from Other Comprehensive (Loss) Income into Income (Effective Portion) Derivatives in Cash Flow Hedging Relationships Location of Gain (Loss) Reclassified to Income Years Ended December 31, 2016 2015 2014 Foreign currency forward contracts Other income and (expenses) $ 7,558 $ 8,083 $ 1,145 Interest rate swaps Interest expense (6,339 ) (7,837 ) (7,057 ) Interest rate caps Interest expense — — (913 ) Foreign currency collars Other income and (expenses) — — 751 Total $ 1,219 $ 246 $ (6,074 ) __________ (a) Includes gains attributable to a noncontrolling interest of $0.4 million for the year ended December 31, 2014. (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 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 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) Recognized in Income on Derivatives Derivatives Not in Cash Flow Hedging Relationships Location of Gain (Loss) Recognized in Income Years Ended December 31, 2016 2015 2014 Stock warrants Other income and (expenses) $ 66 $ (66 ) $ 66 Swaption Other income and (expenses) (45 ) (196 ) (700 ) Interest rate swap Interest expense 6 — — Embedded credit derivatives Other income and (expenses) — 177 1,378 Foreign currency forward contracts Other income and (expenses) — (16 ) 364 Foreign currency collars Other income and (expenses) — (8 ) — Derivatives in Cash Flow Hedging Relationships Interest rate swaps (a) Interest expense 463 302 (88 ) Total $ 490 $ 193 $ 1,020 __________ (a) Relates to the ineffective portion of the hedging relationship.
Schedule of Derivative Instruments	The interest rate swaps and swaption that our consolidated subsidiaries had outstanding at December 31, 2016 are summarized as follows (currency in thousands): Interest Rate Derivatives Number of Instruments Notional Amount Fair Value at December 31, 2016 (a) Designated as Cash Flow Hedging Instruments Interest rate swaps 14 231,481 USD $ (4,809 ) Interest rate swaps 6 63,585 EUR (1,148 ) Interest rate cap 1 6,394 GBP 41 Interest rate cap 1 12,324 EUR 38 Not Designated as Hedging Instrument Swaption 1 13,230 USD 264 Swap 1 4,960 EUR (173 ) $ (5,787 ) __________ (a) Fair value amount is based on the exchange rate of the euro at December 31, 2016 , as applicable. The following table presents the foreign currency derivative contracts we had outstanding and their designations at December 31, 2016 (currency in thousands): Foreign Currency Derivatives Number of Instruments Notional Amount Fair Value at December 31, 2016 Designated as Cash Flow Hedging Instruments Foreign currency forward contracts 61 122,794 EUR $ 35,199 Foreign currency zero-cost collars 2 15,100 EUR 522 Foreign currency forward contracts 13 9,389 NOK 181 Foreign currency zero-cost collars 3 2,000 NOK (2 ) Designated as Net Investment Hedging Instruments Foreign currency forward contracts 5 806,679 JPY 3,248 Foreign currency forward contracts 3 5,549 NOK 107 Foreign currency zero-cost collar 1 2,500 NOK (2 ) $ 39,253

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Senior Credit Facilities	The following table presents a summary of our Senior Credit Facility (dollars in thousands): Interest Rate at December 31, 2016 Outstanding Balance at December 31, Senior Credit Facility, net 2016 2015 Term Loan (a) LIBOR + 1.55% $ 49,751 $ — Revolver: Revolver - borrowing in U.S. dollars (a) —% — 112,834 $ 49,751 $ 112,834 __________ (a) Includes unamortized deferred financing costs and discounts.
Schedule of Debt	Scheduled debt principal payments for each of the next five calendar years following December 31, 2016 and thereafter through 2031 are as follows (in thousands): Years Ending December 31, Total 2017 $ 425,252 2018 (a) 140,063 2019 71,017 2020 234,858 2021 431,031 Thereafter through 2031 785,524 Total principal payments 2,087,745 Deferred financing costs (9,491 ) Unamortized discount, net (6,253 ) Total $ 2,072,001 __________ (a) Includes the $50.0 million Term Loan outstanding at December 31, 2016 under our Senior Credit Facility, which is scheduled to mature on August 26, 2018, unless extended pursuant to its terms.

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Schedule Of Distributions Paid Per Share For Tax	The following table presents annualized distributions per share, declared and paid during the years ended December 31, 2016 , 2015 and 2014 , reported for tax purposes and serves as a designation of capital gain distributions, if applicable, pursuant to Internal Revenue Code Section 857(b)(3)(C) and Treasury Regulation § 1.857-6(e): Years Ended December 31, 2016 2015 2014 Ordinary income $ 0.1994 $ 0.3220 $ 0.3528 Capital gain 0.3103 — — Return of capital 0.1403 0.3280 0.2972 Total distributions paid $ 0.6500 $ 0.6500 $ 0.6500
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): Gains and Losses on Derivative Instruments Gains and Losses on Marketable Securities Foreign Currency Translation Adjustments Total Balance at January 1, 2014 $ (16,717 ) $ (391 ) $ 3,666 $ (13,442 ) Other comprehensive loss before reclassifications 18,365 285 (93,401 ) (74,751 ) Amounts reclassified from accumulated other comprehensive loss to: Interest expense 7,970 — — 7,970 Other income and (expenses) (1,896 ) — — (1,896 ) Total 6,074 — — 6,074 Net current-period Other comprehensive loss 24,439 285 (93,401 ) (68,677 ) Net current-period Other comprehensive loss attributable to noncontrolling interests (411 ) — 1,523 1,112 Balance at December 31, 2014 7,311 (106 ) (88,212 ) (81,007 ) Other comprehensive loss before reclassifications 21,135 29 (81,037 ) (59,873 ) Amounts reclassified from accumulated other comprehensive loss to: Interest expense 7,837 — — 7,837 Other income and (expenses) (8,083 ) — — (8,083 ) Total (246 ) — — (246 ) Net current-period Other comprehensive loss 20,889 29 (81,037 ) (60,119 ) Net current-period Other comprehensive loss attributable to noncontrolling interests — — 1,321 1,321 Balance at December 31, 2015 28,200 (77 ) (167,928 ) (139,805 ) Other comprehensive loss before reclassifications 2,568 29 (18,785 ) (16,188 ) Amounts reclassified from accumulated other comprehensive loss to: Interest expense 6,339 — — 6,339 Other income and (expenses) (7,558 ) — — (7,558 ) Total (1,219 ) — — (1,219 ) Net current-period Other comprehensive loss 1,349 29 (18,785 ) (17,407 ) Net current-period Other comprehensive loss attributable to noncontrolling interests — — 536 536 Balance at December 31, 2016 $ 29,549 $ (48 ) $ (186,177 ) $ (156,676 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of our provision for income taxes for the periods presented are as follows (in thousands): Years Ended December 31, 2016 2015 2014 Federal Current $ 130 $ 110 $ 110 Deferred 4,327 954 7,078 4,457 1,064 7,188 State and Local Current (26 ) 840 426 Deferred 312 1,312 — 286 2,152 426 Foreign Current 3,677 3,787 2,600 Deferred 57 1,882 511 3,734 5,669 3,111 Total Provision $ 8,477 $ 8,885 $ 10,725
Schedule of Unrecognized Tax Benefits Roll Forward	The following table presents a reconciliation of the beginning and ending amount of unrecognized tax benefits (in thousands): Years Ended December 31, 2016 2015 Beginning balance $ 198 $ 589 Decrease due to lapse in statute of limitations (198 ) (362 ) Foreign currency translation adjustments — (29 ) Ending balance $ — $ 198

Property Disposition (Tables)

Property Disposition (Tables)	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The results of operations for properties that have been sold or classified as held for sale are included in the consolidated financial statements and are summarized as follows (in thousands): Years Ended December 31, 2016 2015 2014 Revenues $ 32,170 $ 37,062 $ 39,211 Expenses (27,415 ) (32,457 ) (37,570 ) Gain on sale of real estate, net of tax 132,858 2,197 13,338 Impairment charges (29,183 ) — — Loss on extinguishment of debt (15,807 ) — — Provision for income taxes (24 ) (4 ) (29 ) Income from properties sold or classified as held for sale, net of income taxes $ 92,599 $ 6,798 $ 14,950

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	(a) Includes an impairment charge of $29.2 million recognized on one property for the year ended December 31, 2016 ( Note 8 ). (b) For the years ended December 31, 2016 and 2014, amounts include impairment charges of $1.9 million and $0.8 million , respectively, related to certain of our equity investments ( Note 8 ). (c) Includes a Gain on change in control of interests of $49.9 million for the year ended December 31, 2016 ( Note 4 ). Includes loss on extinguishment of debt of $23.6 million for the year ended December 31, 2016 ( Note 10 ). (d) For the year ended December 31, 2016 , our Shelborne equity method investment recorded a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value, partially offset by $10.6 million of income recognized in conjunction with the termination of a management agreement and a $10.6 million gain representing the portion of losses guaranteed by the previous management company under the terms of the management agreement. (e) Included in unallocated corporate overhead are asset management fees, and general and administrative expenses, as well as interest expense and other charges related to our Senior Credit Facility. These expenses are calculated and reported at the portfolio level and not evaluated as part of any segment’s operating performance. The following tables present a summary of comparative results and assets for these business segments (in thousands): Years Ended December 31, 2016 2015 2014 Net Lease Revenues $ 389,709 $ 366,904 $ 340,791 Operating expenses (a) (180,376 ) (136,838 ) (132,206 ) Interest expense (87,703 ) (85,138 ) (85,563 ) Other income and (expenses), excluding interest expense (b) 10,412 18,508 8,190 Provision for income taxes (2,887 ) (7,458 ) (9,486 ) Gain on sale of real estate, net of tax — 2,197 12,451 Net income attributable to noncontrolling interests (14,098 ) (15,247 ) (12,415 ) Net income attributable to CPA ® :17 – Global $ 115,057 $ 142,928 $ 121,762 Self-Storage Revenues $ 43,979 $ 46,418 $ 42,091 Operating expenses (36,094 ) (32,575 ) (32,797 ) Interest expense (8,744 ) (7,655 ) (7,723 ) Other income and (expenses), excluding interest expense (c) 25,920 (1,858 ) (2,032 ) Provision for income taxes (183 ) (167 ) (192 ) Gain on sale of real estate, net of tax 132,858 — 790 Net income attributable to CPA ® :17 – Global $ 157,736 $ 4,163 $ 137 All Other Revenues $ 6,674 $ 13,625 $ 13,824 Operating expenses (633 ) (1,712 ) (7,215 ) Interest expense (5 ) 404 906 Other income and (expenses), excluding interest expense (d) (8,419 ) (1,691 ) 17,541 Provision for income taxes (4,671 ) (150 ) (98 ) Gain on sale of real estate, net of tax — — 97 Net (loss) income attributable to CPA ® :17 – Global $ (7,054 ) $ 10,476 $ 25,055 Corporate Unallocated Corporate Overhead (e) $ (50,629 ) $ (48,694 ) $ (52,376 ) Net income attributable to noncontrolling interests – Available Cash Distributions $ (24,765 ) $ (24,668 ) $ (20,427 ) Total Company Revenues $ 440,362 $ 426,947 $ 396,706 Operating expenses (a) (263,802 ) (218,892 ) (221,226 ) Interest expense (98,813 ) (93,551 ) (93,001 ) Other income and (expenses), excluding interest expense (b) (c) (d) 27,080 16,304 21,901 Provision for income taxes (8,477 ) (8,885 ) (10,725 ) Gain on sale of real estate, net of tax 132,858 2,197 13,338 Net income attributable to noncontrolling interests (38,863 ) (39,915 ) (32,842 ) Net income attributable to CPA ® :17 – Global $ 190,345 $ 84,205 $ 74,151 Our portfolio is comprised of domestic and international investments. The following tables present the geographic information (in thousands): As of and for the Year Ended December 31, 2016 Texas Other Domestic International (a) Total Revenues $ 67,860 $ 255,939 $ 116,563 $ 440,362 Operating expenses (b) (75,455 ) (137,928 ) (50,419 ) (263,802 ) Net income (11,730 ) 212,717 28,221 229,208 Net income attributable to noncontrolling interests — (37,580 ) (1,283 ) (38,863 ) Net income attributable to CPA ® :17 – Global (11,730 ) 175,137 26,938 190,345 Long-lived assets (c) 282,519 2,232,192 1,164,498 3,679,209 Debt (d) 249,336 1,186,752 635,913 2,072,001 As of and for the Year Ended December 31, 2015 Texas Other Domestic International (a) Total Revenues $ 63,933 $ 249,961 $ 113,053 $ 426,947 Operating expenses (42,934 ) (132,637 ) (43,321 ) (218,892 ) Net income 9,317 74,577 40,226 124,120 Net income attributable to noncontrolling interests — (37,173 ) (2,742 ) (39,915 ) Net income attributable to CPA ® :17 – Global 9,317 37,404 37,484 84,205 Long-lived assets (c) 338,710 2,187,513 1,162,779 3,689,002 Debt (d) 268,171 1,212,556 513,881 1,994,608 For the Year Ended December 31, 2014 Texas Other Domestic International (a) Total Revenues $ 58,167 $ 224,101 $ 114,438 $ 396,706 Operating expenses (38,776 ) (137,915 ) (44,535 ) (221,226 ) Net income 8,110 62,071 36,812 106,993 Net income attributable to noncontrolling interests — (32,094 ) (748 ) (32,842 ) Net income attributable to CPA ® :17 – Global 8,110 29,977 36,064 74,151 ___________ (a) All years include investments in Croatia, Germany, Hungary, Japan, Poland, the Netherlands, Norway, Spain, Italy, and the United Kingdom; 2016 and 2015 include investments in the Czech Republic and Slovakia; and 2016 includes an investment in Lithuania. (b) Amount for Texas includes an impairment charge of $29.2 million recognized on one property for the year ended December 31, 2016 ( Note 8 ). (c) Consists of Net investments in real estate and Equity investments in real estate. (d) Consists of Non-recourse debt, net and Senior Credit Facility, net.
Reconciliation of Assets from Segment to Consolidated	(f) Includes Net investments in real estate and Equity investments in real estate. (g) Includes a property classified as Assets held for sale as of December 31, 2016 ( Note 14 ). Total Long-Lived Assets at December 31, (f) Total Assets at December 31, 2016 2015 2016 2015 Net Lease (g) $ 3,210,351 $ 3,169,885 $ 3,905,402 $ 3,956,239 Self-Storage 240,095 261,273 252,195 269,081 All Other 228,763 257,844 266,231 309,288 Corporate — — 275,095 78,582 Total Company $ 3,679,209 $ 3,689,002 $ 4,698,923 $ 4,613,190 (d) For the year ended December 31, 2016 , our Shelborne equity method investment recorded a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value, partially offset by $10.6 million of income recognized in conjunction with the termination of a management agreement and a $10.6 million gain representing the portion of losses guaranteed by

Selected Quarterly Financial 45

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	(Dollars in thousands, except per share amounts) Three Months Ended March 31, 2016 June 30, 2016 September 30, 2016 December 31, 2016 Revenues $ 107,226 $ 109,185 $ 110,076 $ 113,875 Expenses 56,205 60,037 87,442 60,118 Net income (a) 55,617 91,241 67,045 15,305 Net income attributable to noncontrolling interests (10,194 ) (9,383 ) (8,827 ) (10,459 ) Net income attributable to CPA ® :17 – Global 45,423 81,858 58,218 4,846 Earnings per share attributable to CPA ® :17 – Global $ 0.13 $ 0.24 $ 0.17 $ 0.01 Distributions declared per share $ 0.1625 $ 0.1625 $ 0.1625 $ 0.1625 Three Months Ended March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 Revenues $ 98,750 $ 109,667 $ 108,202 $ 110,328 Expenses 54,108 53,795 54,253 56,736 Net income (b) 23,844 39,375 29,199 31,702 Net income attributable to noncontrolling interests (9,264 ) (10,935 ) (9,147 ) (10,569 ) Net income attributable to CPA ® :17 – Global 14,580 28,440 20,052 21,133 Earnings per share attributable to CPA ® :17 – Global $ 0.04 $ 0.09 $ 0.06 $ 0.06 Distributions declared per share $ 0.1625 $ 0.1625 $ 0.1625 $ 0.1625 __________ (a) Amount for the three months ended June 30, 2016 includes gains on change of control of interests of $49.9 million , recognized in connection our acquisition of the remaining 15% controlling interest in a jointly owned investment in five self-storage properties ( Note 4 ). Amounts for the three months ended March 31, 2016, June 30, 2016 and September 30, 2016 include gain on sale of real estate, net of tax totaling $25.4 million , $25.0 million , and $82.3 million , respectively, recognized in connection with the disposition of certain self-storage properties that occurred during these periods. Amounts for the three months ended March 31, 2016, June 30, 2016, September 30, 2016, and December 31, 2016 include a loss on extinguishment of debt of $2.5 million , $5.1 million , $16.0 million , and $0.8 million , respectively ( Note 10 ). Amount for the three months ended September 30, 2016, includes an impairment charge of $29.2 million ( Note 8 ). During the three months ended December 31, 2016 , our Shelborne equity investment incurred a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value, partially offset by $10.6 million of income recognized in conjunction with the termination of a management agreement. Additionally, we recorded $10.6 million of losses guaranteed by the previous management company under the terms of the management agreement ( Note 6 ). (b) Amount for the three months ended March 31, 2015 includes a gain on sale of real estate of $2.2 million , recognized in connection with the I Shops partial sale ( Note 14 ).

Organization - Narratives (Deta

Organization - Narratives (Details) $ in Thousands, ft² in Millions	12 Months Ended			73 Months Ended	120 Months Ended
	Dec. 31, 2016USD ($)ft²segmentpropertytenant	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jan. 31, 2013USD ($)	Dec. 31, 2016USD ($)ft²propertytenant
Real Estate Properties
Capital interest in operating partnership	99.99%				99.99%
Number of real estate properties	395				395
Number of tenants | tenant	121				121
Square footage of real estate properties | ft²	43				43
Number of reportable segments | segment	2
Proceeds from issuance of shares, net of issuance costs | $	$ 103,618	$ 103,657	$ 101,983	$ 2,900,000
Proceeds from DRIP shares | $					$ 574,000
Operating real estate
Real Estate Properties
Number of real estate properties	38				38
Square footage of operating properties | ft²	3				3
Self storage
Real Estate Properties
Number of real estate properties	37				37
Hotel
Real Estate Properties
Number of real estate properties	1				1

Summary of Significant Accoun47

Summary of Significant Accounting Policies and Estimates - Narratives (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)vie	Dec. 31, 2015USD ($)vie	Dec. 31, 2014USD ($)
Property, Plant and Equipment
Variable interest entities, count | vie	27
Variable interest entities consolidated, count | vie	13
Variable interest entities unconsolidated, count | vie	13	13
Variable interest entities maximum risk exposure	$ 377,400	$ 432,600
Deferred financing cost	$ 9,491
Preferred return	5.00%
Real estate taxes	$ 22,900	23,600	$ 22,200
Unbilled rental income	15,200	17,200	15,500
Foreign currency translation (loss) gain	$ (2,300)	(2,300)	$ (2,900)
Building and building improvements | Maximum
Property, Plant and Equipment
Property plant and equipment (useful life)	40 years
Furniture and fixtures | Maximum
Property, Plant and Equipment
Property plant and equipment (useful life)	7 years
Loans and Finance Receivables
Property, Plant and Equipment
Variable interest entities, count | vie	1
ASU 2015-02
Property, Plant and Equipment
Variable interest entities, count | vie	15
ASU 2015-03 | Other assets
Property, Plant and Equipment
Deferred financing cost		(12,800)
ASU 2015-03 | Non recourse debt and accounts payable
Property, Plant and Equipment
Deferred financing cost		$ 12,800

Summary of Significant Accoun48

Summary of Significant Accounting Policies and Estimates - Variable Interest Entity Disclosure (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Net investments in properties	$ 2,704,862	$ 2,678,223
Net investments in direct financing leases	508,392	495,564
In-place lease and tenant relationship intangible assets, net	438,551	445,223
Other assets, net	228,413	246,027
Total assets	4,698,923	4,613,190
Liabilities
Non-recourse debt, net	2,022,250	1,881,774
Accounts payable, accrued expenses and other liabilities	128,911	133,948
Deferred income taxes	32,655	24,929
Total liabilities	2,383,919	2,318,595
Variable Interest Entity, Primary Beneficiary
Assets
Net investments in properties	313,000	309,030
Net investments in direct financing leases	315,251	303,112
In-place lease and tenant relationship intangible assets, net	19,336	20,269
Other assets, net	65,557	66,654
Total assets	714,896	705,535
Liabilities
Non-recourse debt, net	265,874	262,830
Accounts payable, accrued expenses and other liabilities	14,440	15,662
Deferred income taxes	15,687	10,675
Total liabilities	$ 296,673	$ 289,889

Agreements and Transactions w49

Agreements and Transactions with Related Parties - Narratives (Details) - USD ($)	Aug. 26, 2015	Jul. 14, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jan. 01, 2017	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 (usd per share)				$ 10.24
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, shares			343,575,840	337,065,419
Percentage of available cash distribution to advisor			10.00%
Personnel And Office Rent Reimbursement
Maximum personnel and overhead reimbursement, percentage			2.20%	2.40%
Legal fee reimbursement rate			0.25%
Line of credit, maximum borrowing capacity	$ 250,000,000		$ 200,000,000
Repayment of notes payable to affiliate			0	$ 25,000,000	$ 0
Due from affiliate			$ 900,000
Forecast
Personnel And Office Rent Reimbursement
Maximum personnel and overhead reimbursement, percentage						2.00%
Advisor
Asset Management Fees and Available Cash Distributions
Common stock shares outstanding, shares			11,874,009.451
Percentage of total common stock outstanding held by related party			3.50%
WPC
Personnel And Office Rent Reimbursement
Line of credit, maximum borrowing capacity							$ 75,000,000
Repayment of notes payable to affiliate	$ 25,000,000
WPC | LIBOR
Personnel And Office Rent Reimbursement
Basis spread		1.10%
Average invested assets
Personnel And Office Rent Reimbursement
Percentage of operating expenses reimbursements			2.00%
Adjusted net income
Personnel And Office Rent Reimbursement
Percentage of operating expenses reimbursements			25.00%
Minimum
Personnel And Office Rent Reimbursement
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
Ownership interest, percentage			97.00%
Maximum | Real estate commission
Acquisitions and Disposition Fees
Percentage of subordinated disposition fees			50.00%
Maximum | Contract sales price of investment
Acquisitions and Disposition Fees
Percentage of subordinated disposition fees			3.00%
Maximum | Average equity value
Asset Management Fees and Available Cash Distributions
Percentage of asset management fees			1.75%
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%
Non-long term net lease | Minimum
Acquisitions and Disposition Fees
Percentage of acquisition fees			1.00%
Non-long term net lease | Maximum
Acquisitions and Disposition Fees
Percentage of acquisition fees			1.75%
Real estate
Related Party Transaction [Line Items]
Building assumed			$ 97,000,000

Agreements and Transactions w50

Agreements and Transactions with Related Parties - Related Party Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amounts Included in the Consolidated Statements of Income
Asset management fees	$ 29,705	$ 29,192	$ 26,694
Available Cash Distributions	24,765	24,668	20,427
Personnel and overhead reimbursements	9,684	12,199	11,931
Acquisition expenses	2,844	430	2,637
Interest expense on deferred acquisition fees and loan from affiliate	238	309	516
Share-based compensation	100	100	100
Operating expenses	67,336	66,898	62,305
Acquisition Fees Capitalized
Current acquisition fees	3,985	8,180	3,979
Deferred acquisition fees	3,188	6,325	2,510
Personnel and overhead reimbursements	584	858	0
Transaction fees incurred	$ 7,757	$ 15,363	$ 6,489

Agreements and Transactions w51

Agreements and Transactions with Related Parties - Due to Affiliates (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Due to Affiliates
Deferred acquisition fees, including interest	$ 6,584	$ 6,134
Reimbursable costs	2,299	3,150
Asset management fees payable	2,250	2,497
Accounts payable	360	6
Current acquisition fees	230	1,847
Due to Related Parties	$ 11,723	$ 13,634

Net Investments in Properties52

Net Investments in Properties and Real Estate Under Construction - Narratives (Details) $ in Thousands	Dec. 14, 2016USD ($)	Nov. 29, 2016USD ($)	Nov. 01, 2016USD ($)property	Oct. 26, 2016entity	Sep. 30, 2016USD ($)	Sep. 01, 2016USD ($)	Apr. 11, 2016USD ($)	Feb. 10, 2016USD ($)	Jan. 08, 2016USD ($)	Dec. 11, 2015USD ($)	Dec. 10, 2015USD ($)	Jul. 09, 2015USD ($)	Jun. 26, 2015USD ($)property	Feb. 26, 2015USD ($)property	Jan. 16, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)	Dec. 31, 2013
Foreign Currency Translation
Effects of foreign currency translation on balance sheet item																	$ (18,785)	$ (81,037)	$ (93,401)
Depreciation expense including effects of foreign currency translation																	70,900	66,300	63,800
Acquisition
Acquired finite-lived intangible asset, amount																	53,814
Acquisition costs, expensed																	7,157	651	5,169
Acquisition-related cost and fees, capitalized																	7,757	$ 15,363	6,489
Number of construction projects put in service | property																		4
Gain on change in control of interests																	49,922	$ 0	0
Equity in earnings of equity method investments in real estate																	3,262	14,667	24,073
Funding for build-to-suit projects																	$ 13,312	24,258	68,901
Completed construction projects put in service
Acquisition
Improvements																		$ 8,000
Number of construction projects put in service | property																	3	4
Assets placed into service, value																		$ 130,700
Completed construction projects put in service
Acquisition
Number of construction projects put in service | property																		3
Self storage
Acquisition
Number of entities acquired | entity				4
Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC | Self storage
Acquisition
Investment purchase price							$ 22,000
Acquisition costs, expensed							$ 3,700												$ 3,700
Ownership interest, percentage							100.00%											45.00%		45.00%
Indirect ownership interest in equity investments																		40.00%		40.00%
Increase in ownership equity investments				40.00%			15.00%
Gain on change in control of interests																	$ 49,900
Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC
Acquisition
Investment purchase price							$ 11,363
Land assumed							26,941
Building assumed							109,399
Gain on change in control of interests							49,922
Disposal group assets							15,134
Assets fair value							$ 64,900
Equity in earnings of equity method investments in real estate																$ 400
Real estate
Foreign Currency Translation
Effects of foreign currency translation on balance sheet item																	(32,600)
Acquisition
Investment purchase price																	134,800	$ 284,200
Land assumed																8,600	8,600
Building assumed																97,000	97,000
Acquired finite-lived intangible asset, amount																	29,200	69,300
Improvements																	10,400
Acquisition-related cost and fees, capitalized																	7,100	$ 13,600
Real estate | Distribution Centers in Tiffin, Ohio; Kalamazoo, Michigan; Andersonville, Tennessee; Shelbyville, Indiana; and Millwood, West Virginia
Acquisition
Investment purchase price			$ 38,200
Number of properties acquired | property			5
Real estate | Facility in Zabia Wola, Poland
Acquisition
Investment purchase price		$ 32,600
Land assumed		100
Acquired finite-lived intangible asset, amount		2,000
Deferred tax liability		$ 2,100
Real estate | Facility in Kaunas, Lithuania
Acquisition
Investment purchase price	$ 64,000
Deferred tax liability	$ 500
Real estate | Office facility in San Antonio, TX
Acquisition
Investment purchase price															$ 22,200
Real estate | Warehouse facilities in Mszczonów and Tomaszów Mazowiecki, Poland
Acquisition
Investment purchase price														$ 63,800
Number of properties acquired | property														2
Real estate | Retail facilities in Joliet, IL; Fargo, ND; and Ashwaubenon, Brookfield, Greendale, and Wauwatosa, WI
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 | Industrial facility in Tuchomerice, Czech Republic
Acquisition
Investment purchase price											$ 33,200
Real estate | Office facility in Warsaw, Poland
Acquisition
Investment purchase price										$ 73,800
Business Combinations
Acquisition
Investment purchase price																	51,200
Land assumed																6,700	6,700
Building assumed																40,200	40,200
Acquired finite-lived intangible asset, amount																	4,300
Acquisition costs, expensed																	2,600
Business Combinations | Student Accommodation in Jacksonville, FL
Acquisition
Investment purchase price									$ 17,300
Business Combinations | Industrial Facility in Houston, TX
Acquisition
Investment purchase price								$ 4,200
Business Combinations | Office Building in Oak Creek, Wisconsin
Acquisition
Investment purchase price						$ 16,900
Business Combinations | Manufacturing Building in Perryburg, Ohio
Acquisition
Investment purchase price					$ 12,800
Operating real estate
Acquisition
Improvements																	$ 1,200
Number of properties sold | property																	34
Change in PPE																	$ (137,100)
Real estate under construction
Acquisition
Number of construction projects put in service | property																		1
Assets placed into service, value																	23,819	$ 130,704
Capitalized funds																	22,762	20,064
Non-cash investing activities																	8,400
Funding for build-to-suit projects																	13,200
Tenant improvements																1,100	1,100
Capitalized interest																	0	2,200
Unfunded commitments																$ 8,700	$ 8,700	2,800
Real estate under construction | Ongoing Build-to-Suit Projects
Acquisition
Capitalized funds																		$ 7,400
Number of construction projects during period | property																		3
Real estate under construction | New Build-to-Suit Projects
Acquisition
Capitalized funds																		$ 11,700

Net Investments in Properties53

Net Investments in Properties and Real Estate Under Construction - Property Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Investments in real estate
Less: Accumulated depreciation	$ (299,533)	$ (256,175)
Net investments in properties	2,704,862	2,678,223
Real estate
Investments in real estate
Land	563,050	560,257
Buildings	2,182,374	2,098,620
Less: Accumulated depreciation	(280,657)	(225,867)
Net investments in properties	2,464,767	2,433,010
Operating real estate
Investments in real estate
Land	55,645	66,066
Buildings	203,326	209,455
Less: Accumulated depreciation	(18,876)	(30,308)
Net investments in properties	$ 240,095	$ 245,213

Net Investments in Properties54

Net Investments in Properties and Real Estate Under Construction - Scheduled Future Minimum Rents (Details) $ in Thousands	Dec. 31, 2016USD ($)
Schedule of Future Minimum Rents
2,017	$ 273,850
2,018	276,352
2,019	277,570
2,020	281,007
2,021	283,365
Thereafter	2,696,890
Total	$ 4,089,034

Net Investments in Properties55

Net Investments in Properties and Real Estate Under Construction - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Apr. 11, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Liabilities assumed at fair value:
Gain on change in control of interests		$ (49,922)	$ 0	$ 0
Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC
Investments In Real Estate
Cash consideration	$ 11,363
Assets acquired at fair value:
Land	26,941
Building	109,399
In-place lease intangible assets	9,783
Other assets acquired	1,705
Assets acquired	147,828
Liabilities assumed at fair value:
Non-recourse debt, net	(70,578)
Other liabilities assumed	(831)
Liabilities Assumed	(71,409)
Total identifiable net assets	76,419
Gain on change in control of interests	(49,922)
Carrying value of previously held equity investment	(15,134)
Net Assets Assumed	$ 11,363

Net Investments in Properties56

Net Investments in Properties and Real Estate Under Construction - Income From Acquisitions (Details) - USD ($) $ in Thousands	3 Months Ended								9 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition
Revenues	$ 113,875	$ 110,076	$ 109,185	$ 107,226	$ 110,328	$ 108,202	$ 109,667	$ 98,750		$ 440,362	$ 426,947	$ 396,706
Net loss	15,305	67,045	91,241	55,617	31,702	29,199	39,375	23,844		229,208	124,120	106,993
Net income attributable to CPA®:17 – Global	$ 4,846	$ 58,218	$ 81,858	$ 45,423	$ 21,133	$ 20,052	$ 28,440	$ 14,580		$ 190,345	$ 84,205	$ 74,151
Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC
Business Acquisition
Revenues									$ 7,166
Net loss									(9,021)
Net income attributable to CPA®:17 – Global									$ (9,021)

Net investments in Properties57

Net investments in Properties and Real Estate Under Construction - Pro Forma Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition, Pro Forma Information
Pro forma total revenues	$ 442,972	$ 437,295
Pro forma net income	184,487	165,489
Pro forma net income attributable to noncontrolling interests	(38,863)	(39,915)
Pro forma net income attributable to CPA®:17 – Global	$ 145,624	$ 125,574
Pro forma basic and diluted weighted-average shares outstanding (shares)	342,147,444	334,468,362
Pro-forma basic and diluted income per share (usd per share)	$ 0.43	$ 0.38

Net Investments in Properties58

Net Investments in Properties and Real Estate Under Construction - Rollforward of Real Estate Under Construction (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Real Estate Under Construction
Beginning balance	$ 1,068
Ending balance	0	$ 1,068
Real estate under construction
Real Estate Under Construction
Beginning balance	1,068	110,983
Placed into service	(23,819)	(130,704)
Capitalized funds	22,762	20,064
Capitalized interest	0	2,200
Foreign currency translation adjustments	(11)	(1,475)
Ending balance	$ 0	$ 1,068

Net Investments in Properties59

Net Investments in Properties and Real Estate Under Construction - Assets Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	$ 14,850	$ 0
Real estate, net
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	$ 14,850	$ 0

Net Investments in Properties60

Net Investments in Properties and Real Estate Under Construction - Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Asset Retirement Obligations
Beginning balance	$ 25,424	$ 23,271
Reductions due to dispositions	(10,541)	0
Additions	1,888	825
Accretion expense	1,292	1,467
Foreign currency translation adjustments and other	(314)	(139)
Ending balance	$ 17,749	$ 25,424

Finance Receivables - Narrative

Finance Receivables - Narratives (Details) $ in Thousands	Nov. 04, 2016USD ($)	Apr. 08, 2016USD ($)property	Feb. 10, 2016USD ($)	Jun. 26, 2015USD ($)property	Feb. 03, 2015USD ($)	Jan. 08, 2015USD ($)	Dec. 14, 2010USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Accounts, Notes, Loans and Financing Receivable
Effects of foreign currency translation on balance sheet item								$ (18,785)	$ (81,037)	$ (93,401)
Net investments in direct financing leases								508,392	495,564
Acquisition costs, expensed								7,157	651	$ 5,169
Financing receivable								539,892	$ 539,608
China Alliance Properties Limited
Accounts, Notes, Loans and Financing Receivable
Notes receivable interest rate							11.00%
Financing receivable							$ 40,000
127 West 23rd Investors, LLC
Accounts, Notes, Loans and Financing Receivable
Acquisition costs, expensed					$ 100
Notes receivable interest rate					7.00%
Proceeds from collection of loans receivable	$ 12,600
Financing receivable					$ 12,600
1185 Broadway LLC
Accounts, Notes, Loans and Financing Receivable
Acquisition costs, expensed						$ 300
Notes receivable interest rate						10.00%
Financing receivable						$ 30,000		31,500
Notes receivable maturity date						Jan. 8, 2017
Industrial Facility in Houston, TX
Accounts, Notes, Loans and Financing Receivable
Net investments in direct financing leases			$ 4,200
Acquisition Costs, Period Cost			$ 300
Facilities in Ohio, North Carolina, Pennsylvania and Missouri
Accounts, Notes, Loans and Financing Receivable
Net investments in direct financing leases		$ 12,000
Number of properties acquired | property		6
Acquisition Costs, Period Cost		$ 500
Retail Facilities
Accounts, Notes, Loans and Financing Receivable
Net investments in direct financing leases				$ 18,600
Number of properties acquired | property				2
Acquisition Costs, Period Cost				$ 1,200
Net investments in direct financing lease
Accounts, Notes, Loans and Financing Receivable
Effects of foreign currency translation on balance sheet item								$ (4,700)

Finance Receivables - Net Inves

Finance Receivables - Net Investments in Direct Financing Lease (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Net Investment in Direct Financing Leases
Minimum lease payments receivable	$ 790,111	$ 782,255
Unguaranteed residual value	189,692	175,845
Gross minimum lease payments receivable	979,803	958,100
Less: unearned income	(471,411)	(462,536)
Net investment in direct financing leases	$ 508,392	$ 495,564

Finance Receivables - Scheduled

Finance Receivables - Scheduled Future Minimum Rents (Details) $ in Thousands	Dec. 31, 2016USD ($)
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity
2,017	$ 56,991
2,018	57,834
2,019	306,381
2,020	31,271
2,021	31,676
Thereafter	305,958
Total	790,111
New York Times Company | Bargain Purchase Option
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity
2,019	$ 250,000

Finance Receivables - Internal

Finance Receivables - Internal Credit Quality Rating (Details) $ in Thousands	Dec. 31, 2016USD ($)tenant	Dec. 31, 2015USD ($)tenant
Credit Quality Of Finanace Receivables:
Financing receivable	$ 539,892	$ 539,608
Direct Financing Method | Internally Assigned Grade 1
Credit Quality Of Finanace Receivables:
Number of tenants and obligors | tenant	0	0
Financing receivable	$ 0	$ 0
Direct Financing Method | Internally Assigned Grade 2
Credit Quality Of Finanace Receivables:
Number of tenants and obligors | tenant	2	1
Financing receivable	$ 61,949	$ 2,264
Direct Financing Method | Internally Assigned Grade 3
Credit Quality Of Finanace Receivables:
Number of tenants and obligors | tenant	9	10
Financing receivable	$ 412,075	$ 429,212
Direct Financing Method | Internally Assigned Grade 4
Credit Quality Of Finanace Receivables:
Number of tenants and obligors | tenant	5	4
Financing receivable	$ 65,868	$ 108,132
Direct Financing Method | Internally Assigned Grade 5
Credit Quality Of Finanace Receivables:
Number of tenants and obligors | tenant	0	0
Financing receivable	$ 0	$ 0

Equity Investments in Real Es65

Equity Investments in Real Estate - Narratives (Details) - USD ($)	Feb. 28, 2017	Feb. 01, 2017	Oct. 26, 2016	Jul. 29, 2016	Apr. 11, 2016	Jan. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Equity Method Investments
Impairment charges							$ 29,706,000	$ 1,023,000	$ 570,000
Goodwill impairment							0
Equity in earnings of equity method investments in real estate							3,262,000	14,667,000	24,073,000
Proceeds from mortgage financing							266,970,000	170,233,000	92,791,000
Repayments of secured debt							177,469,000	121,267,000	51,309,000
Non-recourse mortgage loans							$ 170,900,000	$ 170,200,000
Debt Instrument, Term							7 years 1 month 6 days	8 years 7 months 6 days
Preferred return							5.00%
Proceeds from equity method investment							$ 42,744,000	$ 34,962,000	83,882,000
Unamortized basis differences on our equity investments							19,100,000	26,500,000
Equity Method Investments
Schedule of Equity Method Investments
Equity in earnings of equity method investments in real estate							9,867,000	18,227,000	28,348,000
Unconsolidated Equity Investments
Schedule of Equity Method Investments
Proceeds from equity method investment							$ 57,800,000	52,100,000	28,700,000
Minimum
Schedule of Equity Method Investments
Ownership interest, percentage							7.00%
Maximum
Schedule of Equity Method Investments
Ownership interest, percentage							97.00%
Subsequent Event
Schedule of Equity Method Investments
Repayments of secured debt	$ 42,900,000	$ 92,400,000
Non-recourse mortgage loans		$ 105,000,000
Net Lease | Equity Method Investments
Schedule of Equity Method Investments
Impairment charges							$ 1,900,000		800,000
Equity in earnings of equity method investments in real estate							15,271,000	21,692,000	12,571,000
Self storage | Equity Method Investments
Schedule of Equity Method Investments
Equity in earnings of equity method investments in real estate							(394,000)	(1,703,000)	(1,878,000)
All Other | Equity Method Investments
Schedule of Equity Method Investments
Equity in earnings of equity method investments in real estate							(5,010,000)	$ (1,762,000)	$ 17,655,000
C1000 Logistiek Vastgooed B.V | Net Lease
Schedule of Equity Method Investments
Mortgage debt on tenancy in common							58,100,000
C1000 Logistiek Vastgooed B.V | WPC | Net Lease
Schedule of Equity Method Investments
Mortgage debt on tenancy in common							$ 68,400,000
Ownership interest, percentage							85.00%
Tesco plc | Net Lease
Schedule of Equity Method Investments
Non-recourse mortgage loans				$ 17,000,000
Tesco plc | WPC | Net Lease
Schedule of Equity Method Investments
Repayments of secured debt				33,800,000
Non-recourse mortgage loans				$ 34,600,000
Interest rate on debt				5.90%
Debt Instrument, Term				5 years
Ownership interest, percentage							49.00%
Tesco plc | EURIBOR | WPC | Net Lease
Schedule of Equity Method Investments
Interest rate on debt				3.30%
Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC | Self storage
Schedule of Equity Method Investments
Ownership interest, percentage					100.00%			45.00%		45.00%
Indirect ownership interest in equity investments								40.00%		40.00%
Increase in ownership equity investments			40.00%		15.00%
Shelborne Property Associates, LLC | All Other | Third Party
Schedule of Equity Method Investments
Goodwill impairment							$ 22,800,000
Contract termination income							10,600,000
Guaranteed loss compensation							$ 10,600,000
Ownership interest, percentage							33.00%
Hellweg 2
Schedule of Equity Method Investments
Equity in earnings of equity method investments in real estate								$ 6,200,000
Hellweg 2 | Net Lease | Subsequent Event
Schedule of Equity Method Investments
Proceeds from mortgage financing						$ 89,000,000
Hellweg 2 | WPC | Net Lease
Schedule of Equity Method Investments
Ownership interest, percentage							37.00%
Hellweg 2 | WPC | Net Lease | Subsequent Event
Schedule of Equity Method Investments
Proceeds from mortgage financing						$ 243,800,000
BPS Nevada, LLC | Net Lease
Schedule of Equity Method Investments
Preferred return							12.00%
BPS Nevada, LLC | Net Lease | Minimum
Schedule of Equity Method Investments
Preferred return								8.00%
BPS Nevada, LLC | Net Lease | Maximum
Schedule of Equity Method Investments
Preferred return								12.00%
BPS Nevada, LLC | Net Lease | Third Party
Schedule of Equity Method Investments
Ownership interest, percentage							15.00%

Equity Investments in Real Es66

Equity Investments in Real Estate - Proportionate Share of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity Method Investment, Financial Statement, Reported Amounts
Equity in earnings of equity method investments in real estate	$ 3,262	$ 14,667	$ 24,073
Equity Method Investments
Equity Method Investment, Financial Statement, Reported Amounts
Equity in earnings of equity method investments in real estate	9,867	18,227	28,348
Equity Method Investments | Net Lease
Equity Method Investment, Financial Statement, Reported Amounts
Equity in earnings of equity method investments in real estate	15,271	21,692	12,571
Equity Method Investments | Self-Storage
Equity Method Investment, Financial Statement, Reported Amounts
Equity in earnings of equity method investments in real estate	(394)	(1,703)	(1,878)
Equity Method Investments | All Other
Equity Method Investment, Financial Statement, Reported Amounts
Equity in earnings of equity method investments in real estate	(5,010)	(1,762)	17,655
Amortization of Basis Difference on Equity Investments
Equity Method Investment, Financial Statement, Reported Amounts
Equity in earnings of equity method investments in real estate	(6,605)	(3,560)	(4,275)
Amortization of Basis Difference on Equity Investments | Net Lease
Equity Method Investment, Financial Statement, Reported Amounts
Equity in earnings of equity method investments in real estate	(3,077)	(2,263)	(3,381)
Amortization of Basis Difference on Equity Investments | Self-Storage
Equity Method Investment, Financial Statement, Reported Amounts
Equity in earnings of equity method investments in real estate	(39)	(155)	(155)
Amortization of Basis Difference on Equity Investments | All Other
Equity Method Investment, Financial Statement, Reported Amounts
Equity in earnings of equity method investments in real estate	$ (3,489)	$ (1,142)	$ (739)

Equity Investments in Real Es67

Equity Investments in Real Estate - Ownership Interest in Equity Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Apr. 11, 2016	Dec. 31, 2015	Dec. 31, 2013
Ownership interest in equity investments:
Equity investments in real estate	$ 451,105		$ 514,147
Net Lease
Ownership interest in equity investments:
Equity investments in real estate	$ 222,342		240,345
Net Lease | Third Party | BPS Nevada, LLC
Ownership interest in equity investments:
Ownership interest, percentage	15.00%
Equity investments in real estate	$ 23,036		22,007
Net Lease | WPC | C1000 Logistiek Vastgooed B.V
Ownership interest in equity investments:
Ownership interest, percentage	85.00%
Equity investments in real estate	$ 54,621		59,629
Net Lease | WPC | U-Haul Moving Partners, Inc. and Mercury Partners, LP (c)
Ownership interest in equity investments:
Ownership interest, percentage	12.00%
Equity investments in real estate	$ 37,601		39,309
Net Lease | WPC | Berry Plastics Corporation
Ownership interest in equity investments:
Ownership interest, percentage	50.00%
Equity investments in real estate	$ 14,974		16,094
Net Lease | WPC | Tesco plc
Ownership interest in equity investments:
Ownership interest, percentage	49.00%
Equity investments in real estate	$ 10,807		11,849
Net Lease | WPC | Hellweg Die Profi-Baumärkte GmbH & Co. KG (referred to as Hellweg 2)
Ownership interest in equity investments:
Ownership interest, percentage	37.00%
Equity investments in real estate	$ 10,125		12,212
Net Lease | WPC | Eroski Sociedad Cooperativa - Mallorca
Ownership interest in equity investments:
Ownership interest, percentage	30.00%
Equity investments in real estate	$ 6,576		6,790
Net Lease | WPC | Dick’s Sporting Goods, Inc.
Ownership interest in equity investments:
Ownership interest, percentage	45.00%
Equity investments in real estate	$ 4,367		5,055
Net Lease | CPA 18 - Global | Bank Pekao S.A.
Ownership interest in equity investments:
Ownership interest, percentage	50.00%
Equity investments in real estate	$ 23,025		25,785
Net Lease | CPA 18 - Global | State Farm
Ownership interest in equity investments:
Ownership interest, percentage	50.00%
Equity investments in real estate	$ 17,603		18,587
Net Lease | CPA 18 - Global | Apply Sorco
Ownership interest in equity investments:
Ownership interest, percentage	49.00%
Equity investments in real estate	$ 12,528		15,170
Net Lease | CPA 18 - Global | Agorkor (referred to as Agrokor 5)
Ownership interest in equity investments:
Ownership interest, percentage	20.00%
Equity investments in real estate	$ 7,079		7,858
Self-Storage
Ownership interest in equity investments:
Equity investments in real estate	0		$ 16,060
Self-Storage | Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC
Ownership interest in equity investments:
Ownership interest, percentage		100.00%	45.00%	45.00%
Self-Storage | Third Party | Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC
Ownership interest in equity investments:
Equity investments in real estate	0		$ 16,060
All Other
Ownership interest in equity investments:
Equity investments in real estate	$ 228,763		257,742
All Other | Third Party | Shelborne Property Associates, LLC
Ownership interest in equity investments:
Ownership interest, percentage	33.00%
Equity investments in real estate	$ 127,424		148,121
All Other | Third Party | IDL Wheel Tenant, LLC
Ownership interest in equity investments:
Equity investments in real estate	$ 37,124		44,387
All Other | Third Party | BG LLH, LLC
Ownership interest in equity investments:
Ownership interest, percentage	7.00%
Equity investments in real estate	$ 36,756		37,720
All Other | Third Party | BPS Nevada, LLC Preferred Equity
Ownership interest in equity investments:
Equity investments in real estate	$ 27,459		$ 27,514

Equity Investments in Real Es68

Equity Investments in Real Estate - Summarized Investee Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Equity Method Investment, Summarized Financial Information
Real estate assets	$ 3,293,234	$ 3,378,044
Other assets	773,576	728,439
Total assets	4,066,810	4,106,483
Debt	2,619,153	2,530,826
Accounts payable, accrued expenses and other liabilities	447,944	325,315
Total liabilities	3,067,097	2,856,141
Partners’/members’ equity	$ 999,713	$ 1,250,342

Equity Investments in Real Es69

Equity Investments in Real Estate - Summarized Investee Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity Method Investment, Summarized Financial Information, Income Statement
Revenues	$ 815,161	$ 779,875	$ 595,228
Expenses	865,706	791,224	546,170
(Loss) income from continuing operations	$ (50,545)	$ (11,349)	$ 49,058

Intangible Assets and Liabili70

Intangible Assets and Liabilities - Narratives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Intangible Assets And Liabilities [Abstract]
Net amortization of intangibles	$ 37,000,000	$ 36,700,000	$ 38,000,000
Goodwill impairment	$ 0

Intangible Assets and Liabili71

Intangible Assets and Liabilities - Net Lease Intangibles (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Acquired Intangible Assets Liabilities
Finite-Lived Intangible Assets	$ 53,814
Below-market rent
Acquired Intangible Assets Liabilities
Weighted-average useful life, intangible liabilities	19 years 3 months 18 days
Finite-Lived Intangible Liabilities	$ (5,454)
In-place lease
Acquired Intangible Assets Liabilities
Weighted average useful life, intangible assets	13 years 8 months 12 days
Finite-Lived Intangible Assets	$ 48,151
Above-market rent
Acquired Intangible Assets Liabilities
Weighted average useful life, intangible assets	20 years
Finite-Lived Intangible Assets	$ 5,663

Intangible Assets and Liabili72

Intangible Assets and Liabilities - Intangible Assets and Liabilities Summary (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	$ 724,067	$ 689,330
Less: accumulated amortization	(206,705)	(164,362)
Finite-lived intangible assets, net	517,362	524,968
Indefinite-Lived Intangible Assets
Goodwill	304	304
Total intangible assets, gross	724,371	689,634
Total intangible assets, net	517,666	525,272
Finite-Lived Intangible Liabilities
Finite-lived intangible liabilities, gross	(121,870)	(118,097)
Less: accumulated amortization	39,071	21,396
Finite-lived intangible liabilities, net	(82,799)	(96,701)
Below-market rent
Finite-Lived Intangible Liabilities
Finite-lived intangible liabilities, gross	(120,725)	(116,952)
Less: accumulated amortization	39,025	21,364
Finite-lived intangible liabilities, net	$ (81,700)	(95,588)
Below-market rent | Minimum
Intangible Assets Liabilities
Finite lived intangible asset/liability, useful life	1 year
Below-market rent | Maximum
Intangible Assets Liabilities
Finite lived intangible asset/liability, useful life	53 years
Above-market ground lease
Finite-Lived Intangible Liabilities
Finite-lived intangible liabilities, gross	$ (1,145)	(1,145)
Less: accumulated amortization	46	32
Finite-lived intangible liabilities, net	$ (1,099)	(1,113)
Above-market ground lease | Minimum
Intangible Assets Liabilities
Finite lived intangible asset/liability, useful life	49 years
Above-market ground lease | Maximum
Intangible Assets Liabilities
Finite lived intangible asset/liability, useful life	88 years
In-place lease and tenant relationship
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	$ 620,149	588,858
Less: accumulated amortization	(181,598)	(143,635)
Finite-lived intangible assets, net	$ 438,551	445,223
In-place lease and tenant relationship | Minimum
Intangible Assets Liabilities
Finite lived intangible asset/liability, useful life	1 year
In-place lease and tenant relationship | Maximum
Intangible Assets Liabilities
Finite lived intangible asset/liability, useful life	53 years
Above-market rent
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	$ 91,895	88,288
Less: accumulated amortization	(24,599)	(20,405)
Finite-lived intangible assets, net	$ 67,296	67,883
Above-market rent | Minimum
Intangible Assets Liabilities
Finite lived intangible asset/liability, useful life	3 years
Above-market rent | Maximum
Intangible Assets Liabilities
Finite lived intangible asset/liability, useful life	40 years
Below-market ground leases
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	$ 12,023	12,184
Less: accumulated amortization	(508)	(322)
Finite-lived intangible assets, net	$ 11,515	$ 11,862
Below-market ground leases | Minimum
Intangible Assets Liabilities
Finite lived intangible asset/liability, useful life	55 years
Below-market ground leases | Maximum
Intangible Assets Liabilities
Finite lived intangible asset/liability, useful life	94 years

Intangible Assets and Liabili73

Intangible Assets and Liabilities - Scheduled Annual Net Amortization (Details) $ in Thousands	Dec. 31, 2016USD ($)
Net
2,017	$ 39,959
2,018	35,474
2,019	35,157
2,020	35,021
2,021	34,916
Thereafter	254,036
Finite lived intangible assets liabilities, net	434,563
Net (Increase) Decrease in Rental Income
Net
2,017	(2,849)
2,018	466
2,019	466
2,020	458
2,021	461
Thereafter	(13,406)
Finite lived intangible assets liabilities, net	(14,404)
Increase to Amortization/Property Expenses
Net
2,017	42,808
2,018	35,008
2,019	34,691
2,020	34,563
2,021	34,455
Thereafter	267,442
Finite lived intangible assets liabilities, net	$ 448,967

Fair Value Measurements - Narra

Fair Value Measurements - Narratives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Equity in earnings of equity method investments in real estate	$ 3,262,000	$ 14,667,000	$ 24,073,000
Deferred financing cost	9,491,000
Impairment charges	29,706,000	1,023,000	570,000
Goodwill impairment	0
Shelborne Property Associates, LLC | Third Party | All Other
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Goodwill impairment	$ 22,800,000
Cash flows discount rate	8.00%
Discount rate	8.00%
Cap rate	6.80%
Nonrecurring | Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Impairment charges	$ 31,625,000	1,023,000	1,336,000
Equity investments in real estate | Nonrecurring | Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Impairment charges	$ 1,919,000	0	$ 766,000
Cash flows discount rate	8.75%		11.80%
Discount rate	7.75%		10.50%
Cap rate	6.75%		9.50%
ASU 2015-03 | Non recourse debt and accounts payable
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Deferred financing cost		12,800,000
ASU 2015-03 | Non recourse debt
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Deferred financing cost	$ 9,300,000	$ 12,500,000

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Value and Fair Value Measurements (Details) - Level 3 - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Carrying Value
Fair Value, Balance Sheet Grouping
Non-recourse debt	$ 2,022,250	$ 1,881,774
Loans receivable	31,500	44,044
CMBS	4,027	2,765
Fair Value
Fair Value, Balance Sheet Grouping
Non-recourse debt	2,053,353	1,937,459
Loans receivable	31,500	44,044
CMBS	$ 7,470	$ 8,739

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring Measurements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Impairment Charges From Continuing Operations
Impairment charges	$ 29,706	$ 1,023	$ 570
Nonrecurring | Level 3
Impairment Charges From Continuing Operations
Impairment charges	31,625	1,023	1,336
Nonrecurring | Level 3 | Operating Expenses
Impairment Charges From Continuing Operations
Impairment charges	29,706	1,023	570
Real estate | Nonrecurring | Level 3 | Operating Expenses
Impairment Charges From Continuing Operations
Fair Value Measurements	14,850	0	0
Impairment charges	29,183	0	0
CMBS | Nonrecurring | Level 3 | Operating Expenses
Impairment Charges From Continuing Operations
Fair Value Measurements	400	1,478	1,808
Impairment charges	523	1,023	570
Equity investments in real estate | Nonrecurring | Level 3
Impairment Charges From Continuing Operations
Fair Value Measurements	12,528	0	7,662
Impairment charges	$ 1,919	$ 0	$ 766

Risk Management and Use of De77

Risk Management and Use of Derivative Financial Instruments - Narratives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Derivative Instrument Detail
Derivative asset collateral offset	$ 0
Derivative, remaining maturity	77 months
Collateral received	$ 0
Total credit exposure on derivatives	38,600,000
Derivatives, net liability position	6,700,000	$ 11,400,000
Aggregate termination value for immediate settlement	7,300,000	$ 11,900,000
Single Counterparty
Derivative Instrument Detail
Total credit exposure on derivatives	17,500,000
Interest expense
Derivative Instrument Detail
Estimated amount reclassified from OCI to income, derivatives	1,100,000
Other income and (expense)
Derivative Instrument Detail
Estimated amount reclassified from OCI to income, derivatives	$ 9,800,000

Risk Management and Use of De78

Risk Management and Use of Derivative Financial Instruments - Information Regarding Derivative Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value
Derivative assets, fair value, net	$ 41,502	$ 43,945
Derivative liability, fair value, net	(6,188)	(10,841)
Designated as hedging | Other assets | Foreign currency forward contracts
Derivatives, Fair Value
Derivative assets, fair value, net	38,735	41,850
Designated as hedging | Other assets | Foreign currency collars
Derivatives, Fair Value
Derivative assets, fair value, net	522	4
Designated as hedging | Other assets | Interest rate caps
Derivatives, Fair Value
Derivative assets, fair value, net	79	0
Designated as hedging | Other assets | Interest rate swap
Derivatives, Fair Value
Derivative assets, fair value, net	54	0
Designated as hedging | Accounts payable, accrued expenses and other liabilities | Foreign currency collars
Derivatives, Fair Value
Derivative liability, fair value, net	(4)	(109)
Designated as hedging | Accounts payable, accrued expenses and other liabilities | Interest rate swap
Derivatives, Fair Value
Derivative liability, fair value, net	(6,011)	(10,732)
Not designated | Other assets | Stock warrants
Derivatives, Fair Value
Derivative assets, fair value, net	1,848	1,782
Not designated | Other assets | Swaption
Derivatives, Fair Value
Derivative assets, fair value, net	264	309
Not designated | Accounts payable, accrued expenses and other liabilities | Interest rate swap
Derivatives, Fair Value
Derivative liability, fair value, net	$ (173)	$ 0

Risk Management and Use of De79

Risk Management and Use of Derivative Financial Instruments - Derivative Gain Loss Recognized in OCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	$ 2,336	$ 21,153	$ 29,389
Cash Flow Hedging | Interest rate swap
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	4,174	2,715	(5,542)
Cash Flow Hedging | Foreign currency forward contracts
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	(2,224)	18,126	29,313
Cash Flow Hedging | Foreign currency collars
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	628	(107)	(290)
Cash Flow Hedging | Interest rate cap
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	4	0	913
Cash Flow Hedging | Interest rate cap | Noncontrolling interest
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net			400
Net Investment Hedging | Foreign currency forward contracts
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	(241)	417	484
Net Investment Hedging | Foreign currency collars
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	(5)	2	0
Derivatives Formerly in Net Investment Hedging Relationships | Foreign currency forward contracts
Amount of Gain (Loss) Recognized on Derivatives in Other Comprehensive (Loss) Income (Effective Portion)
Derivatives, gain (loss) recognized in OCI, effective portion, net	$ 0	$ 0	$ 4,511

Risk Management and Use of De80

Risk Management and Use of Derivative Financial Instruments - Derivative Gain Loss Reclassified From OCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amount of Gain (Loss) Reclassified from Other Comprehensive (Loss) Income into Income (Effective Portion)
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	$ 1,219	$ 246	$ (6,074)
Other income and (expense) | Foreign currency forward contracts
Amount of Gain (Loss) Reclassified from Other Comprehensive (Loss) Income into Income (Effective Portion)
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	7,558	8,083	1,145
Other income and (expense) | Foreign currency collars
Amount of Gain (Loss) Reclassified from Other Comprehensive (Loss) Income into Income (Effective Portion)
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	0	0	751
Interest expense | Interest rate swap
Amount of Gain (Loss) Reclassified from Other Comprehensive (Loss) Income into Income (Effective Portion)
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	(6,339)	(7,837)	(7,057)
Interest expense | Interest rate cap
Amount of Gain (Loss) Reclassified from Other Comprehensive (Loss) Income into Income (Effective Portion)
Derivatives, gain (loss) reclassified from AOCI to Income, effective portion, net	$ 0	$ 0	$ (913)

Risk Management and Use of De81

Risk Management and Use of Derivative Financial Instruments - Derivative Gain Loss Recognized in Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amount of Gain (Loss) Recognized in Income on Derivatives
Amount of gain (loss) recognized income on derivatives	$ 490	$ 193	$ 1,020
Not designated | Interest expense | Interest rate swap
Amount of Gain (Loss) Recognized in Income on Derivatives
Amount of gain (loss) recognized income on derivatives	6	0	0
Not designated | Other income and (expense) | Stock warrants
Amount of Gain (Loss) Recognized in Income on Derivatives
Amount of gain (loss) recognized income on derivatives	66	(66)	66
Not designated | Other income and (expense) | Swaption
Amount of Gain (Loss) Recognized in Income on Derivatives
Amount of gain (loss) recognized income on derivatives	(45)	(196)	(700)
Not designated | Other income and (expense) | Embedded derivatives
Amount of Gain (Loss) Recognized in Income on Derivatives
Amount of gain (loss) recognized income on derivatives	0	177	1,378
Not designated | Other income and (expense) | Foreign currency forward contracts
Amount of Gain (Loss) Recognized in Income on Derivatives
Amount of gain (loss) recognized income on derivatives	0	(16)	364
Not designated | Other income and (expense) | Foreign currency collars
Amount of Gain (Loss) Recognized in Income on Derivatives
Amount of gain (loss) recognized income on derivatives	0	(8)	0
Designated as hedging | Interest expense | Interest rate swap
Amount of Gain (Loss) Recognized in Income on Derivatives
Amount of gain (loss) recognized income on derivatives	$ 463	$ 302	$ (88)

Risk Management and Use of De82

Risk Management and Use of Derivative Financial Instruments - Interest Rate Swap and Swaptions Summary (Details) € in Thousands, £ in Thousands, $ in Thousands	Dec. 31, 2016USD ($)instrument	Dec. 31, 2016EUR (€)instrument	Dec. 31, 2016GBP (£)instrument
Derivative
Fair value	$ (5,787)
Cash Flow Hedging | Interest rate swap | USD
Derivative
Derivative number of instruments | instrument	14	14	14
Derivative notional amount	$ 231,481
Fair value	$ (4,809)
Cash Flow Hedging | Interest rate swap | Euro
Derivative
Derivative number of instruments | instrument	6	6	6
Derivative notional amount | €		€ 63,585
Fair value	$ (1,148)
Cash Flow Hedging | Interest rate cap | Euro
Derivative
Derivative number of instruments | instrument	1	1	1
Derivative notional amount | €		€ 12,324
Fair value	$ 38
Cash Flow Hedging | Interest rate cap | GBP
Derivative
Derivative number of instruments | instrument	1	1	1
Derivative notional amount | £			£ 6,394
Fair value	$ 41
Not designated | Swaption | USD
Derivative
Derivative number of instruments | instrument	1	1	1
Derivative notional amount	$ 13,230
Fair value	$ 264
Not designated | Swap | Euro
Derivative
Derivative number of instruments | instrument	1	1	1
Derivative notional amount | €		€ 4,960
Fair value	$ (173)

Risk Management and Use of De83

Risk Management and Use of Derivative Financial Instruments - Foreign Currency Derivatives Details (Details) € in Thousands, ¥ in Thousands, NOK in Thousands, $ in Thousands	Dec. 31, 2016USD ($)instrument	Dec. 31, 2016JPY (¥)instrument	Dec. 31, 2016NOKinstrument	Dec. 31, 2016EUR (€)instrument
Derivative Instrument Detail
Fair value, foreign currency derivatives	$ 39,253
Cash Flow Hedging | Designated as hedging | Foreign currency forward contracts | Euro
Derivative Instrument Detail
Derivative number of instruments | instrument	61	61	61	61
Derivative notional amount | €				€ 122,794
Fair value, foreign currency derivatives	$ 35,199
Cash Flow Hedging | Designated as hedging | Foreign currency forward contracts | NOK
Derivative Instrument Detail
Derivative number of instruments | instrument	13	13	13	13
Derivative notional amount | NOK			NOK 9,389
Fair value, foreign currency derivatives	$ 181
Cash Flow Hedging | Designated as hedging | Foreign currency collars | Euro
Derivative Instrument Detail
Derivative number of instruments | instrument	2	2	2	2
Derivative notional amount | €				€ 15,100
Fair value, foreign currency derivatives	$ 522
Cash Flow Hedging | Designated as hedging | Foreign currency collars | NOK
Derivative Instrument Detail
Derivative number of instruments | instrument	3	3	3	3
Derivative notional amount | NOK			NOK 2,000
Fair value, foreign currency derivatives	$ (2)
Net Investment Hedging | Designated as hedging | Foreign currency forward contracts | NOK
Derivative Instrument Detail
Derivative number of instruments | instrument	3	3	3	3
Derivative notional amount | NOK			NOK 5,549
Fair value, foreign currency derivatives	$ 107
Net Investment Hedging | Designated as hedging | Foreign currency forward contracts | JPY
Derivative Instrument Detail
Derivative number of instruments | instrument	5	5	5	5
Derivative notional amount | ¥		¥ 806,679
Fair value, foreign currency derivatives	$ 3,248
Net Investment Hedging | Designated as hedging | Foreign currency collars | NOK
Derivative Instrument Detail
Derivative number of instruments | instrument	1	1	1	1
Derivative notional amount | NOK			NOK 2,500
Fair value, foreign currency derivatives	$ (2)

Debt - Narratives (Details)

Debt - Narratives (Details)	Aug. 26, 2015USD ($)	Jul. 14, 2015	Dec. 31, 2016USD ($)property	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)propertyloan	Dec. 31, 2015USD ($)loan	Dec. 31, 2014USD ($)	Mar. 31, 2015USD ($)
Additional Debt Disclosures
Number of loans assumed | loan								7	6
Non-recourse mortgage loans			$ 170,900,000					$ 170,900,000	$ 170,200,000
Debt, weighted average interest rate			2.00%					2.00%	2.90%
Debt instrument terms (years)								7 years 1 month 6 days	8 years 7 months 6 days
Payments of mortgage principal								$ 177,469,000	$ 121,267,000	$ 51,309,000
Loss on extinguishment of debt			$ 800,000	$ 16,000,000	$ 5,100,000	$ 2,500,000		$ 24,376,000	275,000	263,000
Number of real estate properties | property			395					395
Line of credit, maximum borrowing capacity	$ 250,000,000		$ 200,000,000					$ 200,000,000
Commitment fee threshold	50.00%
Credit facility fees	$ 1,900,000
Debt and capital lease obligation			49,751,000					49,751,000	112,834,000
Restriction payment threshold			100,000,000					100,000,000
Line of credit outstanding			49,751,000					49,751,000	112,834,000
Effects of foreign currency translation on balance sheet item								(18,785,000)	(81,037,000)	$ (93,401,000)
Revolver
Additional Debt Disclosures
Debt maturity date	Aug. 26, 2018
Line of credit, maximum borrowing capacity	$ 200,000,000
Line of credit outstanding			50,000,000					50,000,000
Revolver | Accordion
Additional Debt Disclosures
Line of credit, maximum borrowing capacity	250,000,000
Term Loan
Additional Debt Disclosures
Debt maturity date							Aug. 26, 2018
Line of credit, maximum borrowing capacity	$ 50,000,000
Debt and capital lease obligation			49,751,000	$ 50,000,000			$ 50,000,000	$ 49,751,000	$ 0
Term Loan | LIBOR
Additional Debt Disclosures
Basis spread							1.55%	1.55%
WPC
Additional Debt Disclosures
Line of credit, maximum borrowing capacity											$ 75,000,000
WPC | LIBOR
Additional Debt Disclosures
Basis spread		1.10%
Debt Refinanced
Additional Debt Disclosures
Non-recourse mortgage loans			$ 211,800,000					$ 211,800,000
Debt instrument terms (years)								4 years 8 months 12 days	13 years 8 months 12 days
Loss on extinguishment of debt								$ 800,000
Number of loans refinanced (loans) | loan								4
Interest rate on debt			2.00%					2.00%
Mortgages
Additional Debt Disclosures
Non-recourse mortgage loans			$ 65,900,000					$ 65,900,000
Debt, weighted average interest rate			3.00%					3.00%	6.20%
Debt instrument terms (years)								4 years 9 months 18 days
Loans repaid | loan									4
Payments of mortgage principal									$ 93,700,000
Loss on extinguishment of debt									300,000
Other mortgage loan
Additional Debt Disclosures
Non-recourse mortgage loans									$ 57,500,000
Debt instrument terms (years)									4 years 10 months 24 days
Other mortgage loan | WPC
Additional Debt Disclosures
Non-recourse mortgage loans									$ 15,900,000
Non-recourse debt
Additional Debt Disclosures
Effects of foreign currency translation on balance sheet item								$ (24,200,000)
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations
Additional Debt Disclosures
Payments of mortgage principal								$ 84,700,000
Number of real estate properties | property			52					52
Number of properties sold | property								34
Self storage
Additional Debt Disclosures
Number of real estate properties | property			37					37
Self storage | Mortgages
Additional Debt Disclosures
Debt, weighted average interest rate			4.90%					4.90%
Loans defeased, count | loan								7
Debt instrument terms (years)								5 years 8 months 12 days
Payments of mortgage principal								$ 121,900,000
Loss on extinguishment of debt								$ (23,600,000)
Number of real estate properties | property			18					18
Self storage
Additional Debt Disclosures
Non-recourse mortgage loans			$ 69,800,000					$ 69,800,000
Debt, weighted average interest rate				4.50%			4.50%
Debt instrument terms (years)								1 year 1 month 6 days
Increase in ownership equity investments								15.00%
Investments made in prior years
Additional Debt Disclosures
Non-recourse mortgage loans									37,400,000
Investments made in prior years | Debt Refinanced
Additional Debt Disclosures
Payments of mortgage principal								$ 206,400,000
Current
Additional Debt Disclosures
Non-recourse mortgage loans									$ 132,800,000
Minimum
Additional Debt Disclosures
Debt maturity date								Aug. 31, 2017
Credit facility fee, rate	0.15%
Minimum | Revolver | Euro Currency Rate
Additional Debt Disclosures
Interest rate on debt	1.50%
Minimum | Revolver | Base Rate
Additional Debt Disclosures
Interest rate on debt	0.50%
Minimum | Term Loan | Euro Currency Rate
Additional Debt Disclosures
Interest rate on debt	1.45%
Minimum | Term Loan | Base Rate
Additional Debt Disclosures
Interest rate on debt	0.45%
Maximum
Additional Debt Disclosures
Debt maturity date								Aug. 31, 2031
Credit facility fee, rate	0.30%
Maximum | Revolver | Euro Currency Rate
Additional Debt Disclosures
Interest rate on debt	2.25%
Maximum | Revolver | Base Rate
Additional Debt Disclosures
Interest rate on debt	1.25%
Maximum | Term Loan | Euro Currency Rate
Additional Debt Disclosures
Interest rate on debt	2.20%
Maximum | Term Loan | Base Rate
Additional Debt Disclosures
Interest rate on debt	1.20%
Fixed interest rate | Minimum
Additional Debt Disclosures
Interest rate on mortgage loan								1.90%
Fixed interest rate | Maximum
Additional Debt Disclosures
Interest rate on mortgage loan								10.90%
Variable interest rate | Minimum
Additional Debt Disclosures
Interest rate on mortgage loan								1.30%
Variable interest rate | Maximum
Additional Debt Disclosures
Interest rate on mortgage loan								6.00%

Debt - Summary of Senior Credit

Debt - Summary of Senior Credit Facility (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt and capital lease obligation		$ 49,751	$ 112,834
Term Loan
Debt Instrument [Line Items]
Debt and capital lease obligation	$ 50,000	$ 49,751	0
Term Loan | LIBOR
Debt Instrument [Line Items]
Basis spread	1.55%	1.55%
Revolver | USD
Debt Instrument [Line Items]
Debt and capital lease obligation		$ 0	$ 112,834

Debt - Schedule of Debt Princip

Debt - Schedule of Debt Principal Payments (Details) $ in Thousands	Dec. 31, 2016USD ($)
Long-term Debt, Fiscal Year Maturity
2,017	$ 425,252
2,018	140,063
2,019	71,017
2,020	234,858
2,021	431,031
Thereafter through 2031	785,524
Total principal payments	2,087,745
Deferred financing cost	(9,491)
Unamortized discount, net	(6,253)
Total	$ 2,072,001

Equity - Narratives (Details)

Equity - Narratives (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Distributions Per Share
Distributions declared per share, (usd per share)	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.65	$ 0.65	$ 0.6500
Distributions payable	$ 55,830				$ 54,775				$ 55,830	$ 54,775
Aggregate distributions payable	$ 222,000								$ 222,000

Equity - Distributions (Details

Equity - Distributions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Distributions Per Share
Total distributions paid (usd per share)	$ 0.6500	$ 0.6500	$ 0.6500
Ordinary income
Distributions Per Share
Total distributions paid (usd per share)	0.1994	0.3220	0.3528
Capital gain
Distributions Per Share
Total distributions paid (usd per share)	0.3103	0	0
Return of capital
Distributions Per Share
Total distributions paid (usd per share)	$ 0.1403	$ 0.3280	$ 0.2972

Equity - Reclassifications Out

Equity - Reclassifications Out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss)
Beginning equity balance, value	$ 2,294,595	$ 2,385,397	$ 2,485,724
Amounts reclassified from accumulated other comprehensive loss to:
Interest expense	98,813	93,551	93,001
Total other comprehensive loss	(17,407)	(60,119)	(68,677)
Ending equity balance, value	2,315,004	2,294,595	2,385,397
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss)
Beginning equity balance, value	(139,805)	(81,007)	(13,442)
Other comprehensive loss before reclassifications	(16,188)	(59,873)	(74,751)
Amounts reclassified from accumulated other comprehensive loss to:
Total	(1,219)	(246)	6,074
Total other comprehensive loss	(17,407)	(60,119)	(68,677)
Net current-period Other comprehensive income attributable to noncontrolling interests	536	1,321	1,112
Ending equity balance, value	(156,676)	(139,805)	(81,007)
Accumulated Other Comprehensive Loss | Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive loss to:
Interest expense	6,339	7,837	7,970
Other income and (expenses)	(7,558)	(8,083)	(1,896)
Gains and Losses on Derivative Instruments
Accumulated Other Comprehensive Income (Loss)
Beginning equity balance, value	28,200	7,311	(16,717)
Other comprehensive loss before reclassifications	2,568	21,135	18,365
Amounts reclassified from accumulated other comprehensive loss to:
Total	(1,219)	(246)	6,074
Total other comprehensive loss	1,349	20,889	24,439
Net current-period Other comprehensive income attributable to noncontrolling interests	0	0	(411)
Ending equity balance, value	29,549	28,200	7,311
Gains and Losses on Derivative Instruments | Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive loss to:
Interest expense	6,339	7,837	7,970
Other income and (expenses)	(7,558)	(8,083)	(1,896)
Gains and Losses on Marketable Securities
Accumulated Other Comprehensive Income (Loss)
Beginning equity balance, value	(77)	(106)	(391)
Other comprehensive loss before reclassifications	29	29	285
Amounts reclassified from accumulated other comprehensive loss to:
Total	0	0	0
Total other comprehensive loss	29	29	285
Net current-period Other comprehensive income attributable to noncontrolling interests	0	0	0
Ending equity balance, value	(48)	(77)	(106)
Gains and Losses on Marketable Securities | Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive loss to:
Interest expense	0	0	0
Other income and (expenses)	0	0	0
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss)
Beginning equity balance, value	(167,928)	(88,212)	3,666
Other comprehensive loss before reclassifications	(18,785)	(81,037)	(93,401)
Amounts reclassified from accumulated other comprehensive loss to:
Total	0	0	0
Total other comprehensive loss	(18,785)	(81,037)	(93,401)
Net current-period Other comprehensive income attributable to noncontrolling interests	536	1,321	1,523
Ending equity balance, value	(186,177)	(167,928)	(88,212)
Foreign Currency Translation Adjustments | Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive loss to:
Interest expense	0	0	0
Other income and (expenses)	$ 0	$ 0	$ 0

Income Taxes - Narratives (Deta

Income Taxes - Narratives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Taxes
Accrued interest related to uncertain tax position	$ 0	$ 100,000
Deferred tax asset	33,000,000	33,100,000
Deferred tax liability	32,655,000	24,929,000
Deferred tax assets, valuation allowance	28,100,000	29,000,000
Operating loss carryforward, federal	35,100,000	30,800,000
Operating loss carry forward, state	21,300,000	23,500,000
Operating loss carry forward, foreign	$ 19,900,000	32,000,000
Maximum
Income Taxes
Open tax year	2,012
Minimum
Income Taxes
Open tax year	2,016
Minimum | Federal
Income Taxes
Operating loss carryforwards, expiration date	Dec. 31, 2032
Minimum | State and Local
Income Taxes
Operating loss carryforwards, expiration date	Dec. 31, 2017
Minimum | Foreign
Income Taxes
Operating loss carryforwards, expiration date	Dec. 31, 2016
Equity Method Investments
Income Taxes
Deferred tax expense	$ 4,000,000	$ 2,300,000	$ 7,100,000

Income Taxes - Components of Pr

Income Taxes - Components of Provision for Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Federal
Current	$ 130	$ 110	$ 110
Deferred	4,327	954	7,078
Total Federal	4,457	1,064	7,188
State and Local
Current	(26)	840	426
Deferred	312	1,312	0
Total State and Local	286	2,152	426
Foreign
Current	3,677	3,787	2,600
Deferred	57	1,882	511
Total Foreign	3,734	5,669	3,111
Total Provision	$ 8,477	$ 8,885	$ 10,725

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefit Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns
Beginning balance	$ 198	$ 589
Decrease due to lapse in statute of limitations	(198)	(362)
Foreign currency translation adjustments	0	(29)
Ending balance	$ 0	$ 198

Property Dispositions - Narrati

Property Dispositions - Narratives (Details) $ in Thousands	Apr. 24, 2014USD ($)	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Mar. 31, 2015USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of real estate, net of tax		$ 132,858	$ 2,197	$ 13,338
Payments of mortgage principal		177,469	121,267	51,309
Gain on sale of real estate, net of tax		$ 132,858	2,197	13,338
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties sold | property		34
Proceeds from assets disposed of		$ 259,100
Gain on sale of real estate, net of tax		132,858	2,197	13,338
Payments of mortgage principal		84,700
Loss on extinguishment of debt		15,807	0	0
Escrow deposit		2,500
Impairment of assets to be disposed of		$ 29,183	$ 0	0
Ishops
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of real estate, net of tax	$ 14,600			$ 12,400
Percentage of gain on sale recognized			15.00%	85.00%
Percentage of gain deferred				15.00%
Deferred gain on the sale of property			$ 2,200		$ 2,200

Property Dispositions - Results

Property Dispositions - Results of Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disposal Group, Including Discontinued Operation, Income Statement Disclosures
Revenues	$ 113,875	$ 110,076	$ 109,185	$ 107,226	$ 110,328	$ 108,202	$ 109,667	$ 98,750	$ 440,362	$ 426,947	$ 396,706
Expenses	$ (60,118)	$ (87,442)	$ (60,037)	$ (56,205)	$ (56,736)	$ (54,253)	$ (53,795)	$ (54,108)	(263,802)	(218,892)	(221,226)
Gain on sale of real estate, net of tax									132,858	2,197	13,338
Provision for income taxes									(8,477)	(8,885)	(10,725)
Income before gain on sale of real estate, net of tax									96,350	121,923	93,655
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations
Disposal Group, Including Discontinued Operation, Income Statement Disclosures
Revenues									32,170	37,062	39,211
Expenses									(27,415)	(32,457)	(37,570)
Gain on sale of real estate, net of tax									132,858	2,197	13,338
Impairment charges									(29,183)	0	0
Loss on extinguishment of debt									(15,807)	0	0
Provision for income taxes									(24)	(4)	(29)
Income before gain on sale of real estate, net of tax									$ 92,599	$ 6,798	$ 14,950

Segment Reporting - Narratives

Segment Reporting - Narratives (Details)	3 Months Ended				12 Months Ended
	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment					2
Impairment charges					$ 29,706,000	$ 1,023,000	$ 570,000
Gain on change in control of interests					49,922,000	0	0
Loss on extinguishment of debt	$ (800,000)	$ (16,000,000)	$ (5,100,000)	$ (2,500,000)	(24,376,000)	(275,000)	(263,000)
Goodwill impairment					0
Shelborne Property Associates, LLC | Third Party | All Other
Segment Reporting Information [Line Items]
Goodwill impairment					22,800,000
Contract termination income					10,600,000
Guaranteed loss compensation					10,600,000
Equity Method Investments | Net Lease
Segment Reporting Information [Line Items]
Impairment charges					1,900,000		800,000
Mortgages
Segment Reporting Information [Line Items]
Loss on extinguishment of debt						(300,000)
Mortgages | Self storage
Segment Reporting Information [Line Items]
Loss on extinguishment of debt					23,600,000
Level 3 | Nonrecurring
Segment Reporting Information [Line Items]
Impairment charges					$ 31,625,000	$ 1,023,000	$ 1,336,000

Segment Reporting - Segment Rep

Segment Reporting - Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information, Profit (Loss)
Revenues	$ 113,875	$ 110,076	$ 109,185	$ 107,226	$ 110,328	$ 108,202	$ 109,667	$ 98,750	$ 440,362	$ 426,947	$ 396,706
Operating expenses	(60,118)	(87,442)	(60,037)	(56,205)	(56,736)	(54,253)	(53,795)	(54,108)	(263,802)	(218,892)	(221,226)
Interest expense									(98,813)	(93,551)	(93,001)
Other income and expenses, excluding interest expense									27,080	16,304	21,901
Provision for income taxes									(8,477)	(8,885)	(10,725)
Gain on the sale of property									132,858	2,197	13,338
Net income attributable to noncontrolling interests	$ (10,459)	$ (8,827)	$ (9,383)	$ (10,194)	$ (10,569)	$ (9,147)	$ (10,935)	$ (9,264)	(38,863)	(39,915)	(32,842)
Net income attributable to CPA®:17 – Global									190,345	84,205	74,151
Operating Segments | Net Lease
Segment Reporting Information, Profit (Loss)
Revenues									389,709	366,904	340,791
Operating expenses									(180,376)	(136,838)	(132,206)
Interest expense									(87,703)	(85,138)	(85,563)
Other income and expenses, excluding interest expense									10,412	18,508	8,190
Provision for income taxes									(2,887)	(7,458)	(9,486)
Gain on the sale of property									0	2,197	12,451
Net income attributable to noncontrolling interests									(14,098)	(15,247)	(12,415)
Net income attributable to CPA®:17 – Global									115,057	142,928	121,762
Operating Segments | Self-Storage
Segment Reporting Information, Profit (Loss)
Revenues									43,979	46,418	42,091
Operating expenses									(36,094)	(32,575)	(32,797)
Interest expense									(8,744)	(7,655)	(7,723)
Other income and expenses, excluding interest expense									25,920	(1,858)	(2,032)
Provision for income taxes									(183)	(167)	(192)
Gain on the sale of property									132,858	0	790
Net income attributable to CPA®:17 – Global									157,736	4,163	137
Operating Segments | All Other
Segment Reporting Information, Profit (Loss)
Revenues									6,674	13,625	13,824
Operating expenses									(633)	(1,712)	(7,215)
Interest expense									(5)	404	906
Other income and expenses, excluding interest expense									(8,419)	(1,691)	17,541
Provision for income taxes									(4,671)	(150)	(98)
Gain on the sale of property									0	0	97
Net income attributable to CPA®:17 – Global									(7,054)	10,476	25,055
Corporate
Segment Reporting Information, Profit (Loss)
Net income attributable to noncontrolling interests									(24,765)	(24,668)	(20,427)
Unallocated Corporate Overhead									$ (50,629)	$ (48,694)	$ (52,376)

Segment Reporting - Segment Ass

Segment Reporting - Segment Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information, Additional Information
Long-Lived Assets	$ 3,679,209	$ 3,689,002
Assets	4,698,923	4,613,190
Operating Segments | Net Lease
Segment Reporting Information, Additional Information
Long-Lived Assets	3,210,351	3,169,885
Assets	3,905,402	3,956,239
Operating Segments | Self-Storage
Segment Reporting Information, Additional Information
Long-Lived Assets	240,095	261,273
Assets	252,195	269,081
Operating Segments | All Other
Segment Reporting Information, Additional Information
Long-Lived Assets	228,763	257,844
Assets	266,231	309,288
Corporate
Segment Reporting Information, Additional Information
Long-Lived Assets	0	0
Assets	$ 275,095	$ 78,582

Segment Reporting - Geography (

Segment Reporting - Geography (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information, Profit (Loss)
Revenues	$ 113,875	$ 110,076	$ 109,185	$ 107,226	$ 110,328	$ 108,202	$ 109,667	$ 98,750	$ 440,362	$ 426,947	$ 396,706
Operating expenses	(60,118)	(87,442)	(60,037)	(56,205)	(56,736)	(54,253)	(53,795)	(54,108)	(263,802)	(218,892)	(221,226)
Net income									229,208	124,120	106,993
Net income attributable to noncontrolling interests	(10,459)	(8,827)	(9,383)	(10,194)	(10,569)	(9,147)	(10,935)	(9,264)	(38,863)	(39,915)	(32,842)
Net income attributable to CPA®:17 – Global	4,846	$ 58,218	$ 81,858	$ 45,423	21,133	$ 20,052	$ 28,440	$ 14,580	190,345	84,205	74,151
Long-lived assets	3,679,209				3,689,002				3,679,209	3,689,002
Debt	2,072,001				1,994,608				2,072,001	1,994,608
Texas
Segment Reporting Information, Profit (Loss)
Revenues									67,860	63,933	58,167
Operating expenses									(75,455)	(42,934)	(38,776)
Net income									(11,730)	9,317	8,110
Net income attributable to noncontrolling interests									0	0	0
Net income attributable to CPA®:17 – Global									(11,730)	9,317	8,110
Long-lived assets	282,519				338,710				282,519	338,710
Debt	249,336				268,171				249,336	268,171
Other Domestic
Segment Reporting Information, Profit (Loss)
Revenues									255,939	249,961	224,101
Operating expenses									(137,928)	(132,637)	(137,915)
Net income									212,717	74,577	62,071
Net income attributable to noncontrolling interests									(37,580)	(37,173)	(32,094)
Net income attributable to CPA®:17 – Global									175,137	37,404	29,977
Long-lived assets	2,232,192				2,187,513				2,232,192	2,187,513
Debt	1,186,752				1,212,556				1,186,752	1,212,556
International
Segment Reporting Information, Profit (Loss)
Revenues									116,563	113,053	114,438
Operating expenses									(50,419)	(43,321)	(44,535)
Net income									28,221	40,226	36,812
Net income attributable to noncontrolling interests									(1,283)	(2,742)	(748)
Net income attributable to CPA®:17 – Global									26,938	37,484	$ 36,064
Long-lived assets	1,164,498				1,162,779				1,164,498	1,162,779
Debt	$ 635,913				$ 513,881				$ 635,913	$ 513,881

Selected Quarterly Financial 99

Selected Quarterly Financial Data (Unaudited) - Narratives (Details)	Oct. 26, 2016	Apr. 11, 2016property	Dec. 31, 2016USD ($)property	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Mar. 31, 2015USD ($)
Business Acquisition
Gain on change in control of interests							$ 49,922,000	$ 0	$ 0
Number of real estate properties | property			395				395
Gain on sale of real estate, net of tax							$ 132,858,000	2,197,000	13,338,000
Loss on extinguishment of debt			$ (800,000)	$ (16,000,000)	$ (5,100,000)	$ (2,500,000)	(24,376,000)	(275,000)	(263,000)
Impairment charges							29,706,000	1,023,000	570,000
Equity in earnings of equity method investments in real estate							3,262,000	14,667,000	24,073,000
Goodwill impairment							0
Ishops
Business Acquisition
Deferred gain on the sale of property								2,200,000		$ 2,200,000
Level 3 | Nonrecurring
Business Acquisition
Impairment charges							31,625,000	$ 1,023,000	$ 1,336,000
Self storage | Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC
Business Acquisition
Gain on change in control of interests							49,900,000
Increase in ownership equity investments	40.00%	15.00%
Number of real estate properties | property		5
Gain on sale of real estate, net of tax				$ 82,300,000	$ 25,000,000	$ 25,400,000
All Other | Shelborne Property Associates, LLC | Third Party
Business Acquisition
Goodwill impairment							22,800,000
Contract termination income							10,600,000
Guaranteed loss compensation							$ 10,600,000

Selected Quarterly Financial100

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Selected Quarterly Financial Information
Revenues	$ 113,875	$ 110,076	$ 109,185	$ 107,226	$ 110,328	$ 108,202	$ 109,667	$ 98,750	$ 440,362	$ 426,947	$ 396,706
Expenses	60,118	87,442	60,037	56,205	56,736	54,253	53,795	54,108	263,802	218,892	221,226
Net Income	15,305	67,045	91,241	55,617	31,702	29,199	39,375	23,844	229,208	124,120	106,993
Net income attributable to noncontrolling interests	(10,459)	(8,827)	(9,383)	(10,194)	(10,569)	(9,147)	(10,935)	(9,264)	(38,863)	(39,915)	(32,842)
Net income attributable to CPA®:17 – Global	$ 4,846	$ 58,218	$ 81,858	$ 45,423	$ 21,133	$ 20,052	$ 28,440	$ 14,580	$ 190,345	$ 84,205	$ 74,151
Net income attributable to CPA®:17 – Global (usd per share)	$ 0.0100	$ 0.17	$ 0.24	$ 0.13	$ 0.06	$ 0.06	$ 0.09	$ 0.04
Distributions declared per share, (usd per share)	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.65	$ 0.65	$ 0.6500

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	Feb. 28, 2017	Feb. 01, 2017	Jul. 14, 2015	Jan. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Feb. 27, 2017
Subsequent Event [Line Items]
Proceeds from mortgage financing					$ 266,970	$ 170,233	$ 92,791
Repayments of secured debt					177,469	121,267	$ 51,309
Non-recourse mortgage loans					170,900	170,200
Line of credit outstanding					49,751	$ 112,834
Revolver
Subsequent Event [Line Items]
Line of credit outstanding					$ 50,000
WPC | LIBOR
Subsequent Event [Line Items]
Basis spread			1.10%
Subsequent Event
Subsequent Event [Line Items]
Repayments of secured debt	$ 42,900	$ 92,400
Non-recourse mortgage loans		$ 105,000
Subsequent Event | LIBOR
Subsequent Event [Line Items]
Basis spread		1.75%
Subsequent Event | Revolver
Subsequent Event [Line Items]
Line of credit outstanding								$ 33,800
Subsequent Event | Hellweg 2 | Net Lease
Subsequent Event [Line Items]
Proceeds from mortgage financing				$ 89,000
Subsequent Event | Hellweg 2 | WPC | Net Lease
Subsequent Event [Line Items]
Proceeds from mortgage financing				$ 243,800

Schedule II - Valuation and 102

Schedule II - Valuation and Qualifying Accounts (Details) - Valuation reserve for deferred tax assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Valuation Allowances and Reserves
Balance at Beginning of Year	$ 29,001	$ 13,103	$ 5,581
Change	(851)	15,898	7,522
Balance at End of Year	$ 28,150	$ 29,001	$ 13,103

Schedule III - Real Estate a103

Schedule III - Real Estate and Accumulated Depreciation - Narratives (Details) $ in Billions	Dec. 31, 2016USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation, Other Required Disclosures
Basis from federal income taxes	$ 4.1

Schedule III - Real Estate a104

Schedule III - Real Estate and Accumulated Depreciation - Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate Subject To Operating Lease
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,631,728
Initial Cost to Company
Land	648,055
Buildings	2,047,866
Cost Capitalized Subsequent to Acquisition	404,387
Increase (Decrease) in Net Investments	(354,884)
Gross Amount at which Carried at Close of Period
Land	563,050
Buildings	2,182,374
Total	2,745,424
Accumulated Depreciation	280,657
Real Estate Subject To Operating Lease | Industrial facility in Norfolk, NE
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,424
Initial Cost to Company
Land	625
Buildings	1,713
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	107
Gross Amount at which Carried at Close of Period
Land	625
Buildings	1,820
Total	2,445
Accumulated Depreciation	$ 521
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Real Estate Subject To Operating Lease | Office facility in Soest, Germany and warehouse facility in Bad Wünnenberg, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	3,193
Buildings	45,932
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(16,409)
Gross Amount at which Carried at Close of Period
Land	2,126
Buildings	30,590
Total	32,716
Accumulated Depreciation	$ 6,926
Life on which Depreciation in Latest Statement of Income is Computed	36 years
Real Estate Subject To Operating Lease | Education facility in Chicago, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 12,569
Initial Cost to Company
Land	6,300
Buildings	20,509
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(527)
Gross Amount at which Carried at Close of Period
Land	6,300
Buildings	19,982
Total	26,282
Accumulated Depreciation	$ 5,663
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Real Estate Subject To Operating Lease | Industrial facilities in Sergeant Bluff, IA; Bossier City, LA; and Alvarado, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 28,496
Initial Cost to Company
Land	2,725
Buildings	25,233
Cost Capitalized Subsequent to Acquisition	28,116
Increase (Decrease) in Net Investments	(3,395)
Gross Amount at which Carried at Close of Period
Land	4,701
Buildings	47,978
Total	52,679
Accumulated Depreciation	$ 7,794
Real Estate Subject To Operating Lease | Industrial facilities in Sergeant Bluff, IA; Bossier City, LA; and Alvarado, TX | Minimum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	25 years
Real Estate Subject To Operating Lease | Industrial facilities in Sergeant Bluff, IA; Bossier City, LA; and Alvarado, TX | Maximum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Industrial facility in Waldaschaff, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	10,373
Buildings	16,708
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(13,566)
Gross Amount at which Carried at Close of Period
Land	5,125
Buildings	8,390
Total	13,515
Accumulated Depreciation	$ 4,302
Life on which Depreciation in Latest Statement of Income is Computed	15 years
Real Estate Subject To Operating Lease | Fitness facilities in Phoenix, AZ and Columbia, MD
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 34,419
Initial Cost to Company
Land	14,500
Buildings	48,865
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(2,062)
Gross Amount at which Carried at Close of Period
Land	14,500
Buildings	46,803
Total	61,303
Accumulated Depreciation	$ 9,660
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in Birmingham, United Kingdom
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 15,475
Initial Cost to Company
Land	3,591
Buildings	15,810
Cost Capitalized Subsequent to Acquisition	949
Increase (Decrease) in Net Investments	(4,801)
Gross Amount at which Carried at Close of Period
Land	2,724
Buildings	12,825
Total	15,549
Accumulated Depreciation	$ 2,257
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Retail facility in Gorzow, Poland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5,622
Initial Cost to Company
Land	1,095
Buildings	13,947
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(4,253)
Gross Amount at which Carried at Close of Period
Land	786
Buildings	10,003
Total	10,789
Accumulated Depreciation	$ 1,817
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in Hoffman Estates, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 25,725
Initial Cost to Company
Land	5,000
Buildings	21,764
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	5,000
Buildings	21,764
Total	26,764
Accumulated Depreciation	$ 3,847
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in The Woodlands, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 35,435
Initial Cost to Company
Land	1,400
Buildings	41,502
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	1,400
Buildings	41,502
Total	42,902
Accumulated Depreciation	$ 7,350
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Retail facilities located throughout Spain
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 34,047
Initial Cost to Company
Land	32,574
Buildings	52,101
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(20,749)
Gross Amount at which Carried at Close of Period
Land	24,660
Buildings	39,266
Total	63,926
Accumulated Depreciation	$ 6,799
Life on which Depreciation in Latest Statement of Income is Computed	20 years
Real Estate Subject To Operating Lease | Industrial facilities in Middleburg Heights and Union Township, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5,571
Initial Cost to Company
Land	1,000
Buildings	10,793
Cost Capitalized Subsequent to Acquisition	2
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	1,000
Buildings	10,795
Total	11,795
Accumulated Depreciation	$ 1,867
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Industrial facilities in Phoenix, AZ; Colton, Fresno, Los Angeles, Orange, Pomona, and San Diego, CA; Safety Harbor, FL; Durham, NC; and Columbia, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 12,487
Initial Cost to Company
Land	19,001
Buildings	13,059
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	19,001
Buildings	13,059
Total	32,060
Accumulated Depreciation	$ 2,597
Real Estate Subject To Operating Lease | Industrial facilities in Phoenix, AZ; Colton, Fresno, Los Angeles, Orange, Pomona, and San Diego, CA; Safety Harbor, FL; Durham, NC; and Columbia, SC | Minimum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	27 years
Real Estate Subject To Operating Lease | Industrial facilities in Phoenix, AZ; Colton, Fresno, Los Angeles, Orange, Pomona, and San Diego, CA; Safety Harbor, FL; Durham, NC; and Columbia, SC | Maximum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Industrial facility in Evansville, IN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 15,422
Initial Cost to Company
Land	150
Buildings	9,183
Cost Capitalized Subsequent to Acquisition	11,745
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	150
Buildings	20,928
Total	21,078
Accumulated Depreciation	$ 3,274
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facilities in Bristol, Cannock, Liverpool, Luton, Plymouth, Southampton, and Taunton, United Kingdom
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,768
Initial Cost to Company
Land	8,639
Buildings	2,019
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(2,123)
Gross Amount at which Carried at Close of Period
Land	6,906
Buildings	1,629
Total	8,535
Accumulated Depreciation	$ 389
Life on which Depreciation in Latest Statement of Income is Computed	28 years
Real Estate Subject To Operating Lease | Warehouse facility in Zagreb, Croatia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 35,380
Initial Cost to Company
Land	31,941
Buildings	45,904
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(15,204)
Gross Amount at which Carried at Close of Period
Land	25,557
Buildings	37,084
Total	62,641
Accumulated Depreciation	$ 8,249
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Real Estate Subject To Operating Lease | Office facilities in Tampa, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 32,824
Initial Cost to Company
Land	18,300
Buildings	32,856
Cost Capitalized Subsequent to Acquisition	1,171
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	18,323
Buildings	34,004
Total	52,327
Accumulated Depreciation	$ 5,512
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facility in Bowling Green, KY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 25,663
Initial Cost to Company
Land	1,400
Buildings	3,946
Cost Capitalized Subsequent to Acquisition	33,809
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	1,400
Buildings	37,755
Total	39,155
Accumulated Depreciation	$ 5,040
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facility in Elorrio, Spain
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	19,924
Buildings	3,981
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(2,678)
Gross Amount at which Carried at Close of Period
Land	21,227
Buildings	0
Total	21,227
Accumulated Depreciation	$ 0
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facility in Gadki, Poland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,774
Initial Cost to Company
Land	1,134
Buildings	1,183
Cost Capitalized Subsequent to Acquisition	7,611
Increase (Decrease) in Net Investments	(2,512)
Gross Amount at which Carried at Close of Period
Land	844
Buildings	6,572
Total	7,416
Accumulated Depreciation	$ 944
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Industrial and office facilities in Elberton, GA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	560
Buildings	2,467
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	560
Buildings	2,467
Total	3,027
Accumulated Depreciation	$ 450
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facilities in Rincon and Unadilla, GA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 24,870
Initial Cost to Company
Land	1,595
Buildings	44,446
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	1,595
Buildings	44,446
Total	46,041
Accumulated Depreciation	$ 6,854
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in Hartland, WI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,138
Initial Cost to Company
Land	1,402
Buildings	2,041
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	1,402
Buildings	2,041
Total	3,443
Accumulated Depreciation	$ 360
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Real Estate Subject To Operating Lease | Retail facilities in Kutina, Slavonski Brod, Spansko, and Zagreb, Croatia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 15,167
Initial Cost to Company
Land	6,700
Buildings	24,114
Cost Capitalized Subsequent to Acquisition	194
Increase (Decrease) in Net Investments	(6,437)
Gross Amount at which Carried at Close of Period
Land	5,271
Buildings	19,300
Total	24,571
Accumulated Depreciation	$ 3,911
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Real Estate Subject To Operating Lease | Warehouse and office facilities located throughout the United States
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 106,203
Initial Cost to Company
Land	31,735
Buildings	129,011
Cost Capitalized Subsequent to Acquisition	855
Increase (Decrease) in Net Investments	(9,861)
Gross Amount at which Carried at Close of Period
Land	28,511
Buildings	123,229
Total	151,740
Accumulated Depreciation	$ 21,109
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in Madrid, Spain
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 51,701
Initial Cost to Company
Land	22,230
Buildings	81,508
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(20,482)
Gross Amount at which Carried at Close of Period
Land	17,837
Buildings	65,419
Total	83,256
Accumulated Depreciation	$ 9,818
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in Houston, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,158
Initial Cost to Company
Land	1,838
Buildings	2,432
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	20
Gross Amount at which Carried at Close of Period
Land	1,838
Buildings	2,452
Total	4,290
Accumulated Depreciation	$ 590
Life on which Depreciation in Latest Statement of Income is Computed	25 years
Real Estate Subject To Operating Lease | Retail facility in Las Vegas, NV
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 39,720
Initial Cost to Company
Land	26,934
Buildings	31,037
Cost Capitalized Subsequent to Acquisition	26,048
Increase (Decrease) in Net Investments	(44,166)
Gross Amount at which Carried at Close of Period
Land	5,070
Buildings	34,783
Total	39,853
Accumulated Depreciation	$ 3,932
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facilities in Oxnard and Watsonville, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 41,369
Initial Cost to Company
Land	16,036
Buildings	67,300
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(7,149)
Gross Amount at which Carried at Close of Period
Land	16,036
Buildings	60,151
Total	76,187
Accumulated Depreciation	$ 10,049
Real Estate Subject To Operating Lease | Warehouse facilities in Oxnard and Watsonville, CA | Minimum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	10 years
Real Estate Subject To Operating Lease | Warehouse facilities in Oxnard and Watsonville, CA | Maximum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facility in Dillon, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 17,745
Initial Cost to Company
Land	1,355
Buildings	15,620
Cost Capitalized Subsequent to Acquisition	1,600
Increase (Decrease) in Net Investments	(69)
Gross Amount at which Carried at Close of Period
Land	1,286
Buildings	17,220
Total	18,506
Accumulated Depreciation	$ 2,387
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facility in Middleburg Heights, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	600
Buildings	1,690
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	600
Buildings	1,690
Total	2,290
Accumulated Depreciation	$ 243
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in Martinsville, VA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 8,054
Initial Cost to Company
Land	600
Buildings	1,998
Cost Capitalized Subsequent to Acquisition	11,331
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	600
Buildings	13,329
Total	13,929
Accumulated Depreciation	$ 1,671
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Land in Chicago, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 4,757
Initial Cost to Company
Land	7,414
Buildings	0
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	7,414
Buildings	0
Total	7,414
Accumulated Depreciation	0
Real Estate Subject To Operating Lease | Industrial facility in Fraser, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,895
Initial Cost to Company
Land	928
Buildings	1,392
Cost Capitalized Subsequent to Acquisition	6,193
Increase (Decrease) in Net Investments	(80)
Gross Amount at which Carried at Close of Period
Land	928
Buildings	7,505
Total	8,433
Accumulated Depreciation	$ 968
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Real Estate Subject To Operating Lease | Retail facilities located throughout Italy
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 165,336
Initial Cost to Company
Land	91,691
Buildings	262,377
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(78,083)
Gross Amount at which Carried at Close of Period
Land	71,058
Buildings	204,927
Total	275,985
Accumulated Depreciation	$ 29,660
Real Estate Subject To Operating Lease | Retail facilities located throughout Italy | Minimum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	29 years
Real Estate Subject To Operating Lease | Retail facilities located throughout Italy | Maximum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Retail facilities in Delnice, Pozega, and Sesvete, Croatia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 15,802
Initial Cost to Company
Land	2,687
Buildings	24,820
Cost Capitalized Subsequent to Acquisition	15,378
Increase (Decrease) in Net Investments	(10,055)
Gross Amount at which Carried at Close of Period
Land	3,131
Buildings	29,699
Total	32,830
Accumulated Depreciation	$ 5,030
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Real Estate Subject To Operating Lease | Retail facility in Orlando, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	32,739
Buildings	0
Cost Capitalized Subsequent to Acquisition	19,959
Increase (Decrease) in Net Investments	(32,739)
Gross Amount at which Carried at Close of Period
Land	5,577
Buildings	14,382
Total	19,959
Accumulated Depreciation	$ 957
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Land in Hudson, NY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 735
Initial Cost to Company
Land	2,080
Buildings	0
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	2,080
Buildings	0
Total	2,080
Accumulated Depreciation	0
Real Estate Subject To Operating Lease | Office facilities in Aurora, Eagan, and Virginia, MN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	92,400
Initial Cost to Company
Land	13,546
Buildings	110,173
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	993
Gross Amount at which Carried at Close of Period
Land	13,546
Buildings	111,166
Total	124,712
Accumulated Depreciation	$ 18,722
Real Estate Subject To Operating Lease | Office facilities in Aurora, Eagan, and Virginia, MN | Minimum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	32 years
Real Estate Subject To Operating Lease | Office facilities in Aurora, Eagan, and Virginia, MN | Maximum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Industrial facility in Chmielów, Poland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 15,849
Initial Cost to Company
Land	1,323
Buildings	5,245
Cost Capitalized Subsequent to Acquisition	30,804
Increase (Decrease) in Net Investments	(4,914)
Gross Amount at which Carried at Close of Period
Land	1,737
Buildings	30,721
Total	32,458
Accumulated Depreciation	$ 2,542
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in St. Louis, MO
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5,524
Initial Cost to Company
Land	954
Buildings	4,665
Cost Capitalized Subsequent to Acquisition	1,685
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	954
Buildings	6,350
Total	7,304
Accumulated Depreciation	$ 659
Life on which Depreciation in Latest Statement of Income is Computed	38 years
Real Estate Subject To Operating Lease | Industrial facility in Avon, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,413
Initial Cost to Company
Land	926
Buildings	4,975
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	926
Buildings	4,975
Total	5,901
Accumulated Depreciation	$ 671
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Real Estate Subject To Operating Lease | Industrial facility in Elk Grove Village, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 8,797
Initial Cost to Company
Land	1,269
Buildings	11,317
Cost Capitalized Subsequent to Acquisition	163
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	1,269
Buildings	11,480
Total	12,749
Accumulated Depreciation	$ 2,345
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Education facilities in Montgomery, AL and Savannah, GA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 15,513
Initial Cost to Company
Land	5,255
Buildings	16,960
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	5,255
Buildings	16,960
Total	22,215
Accumulated Depreciation	$ 2,236
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Automotive dealerships in Huntsville, AL; Bentonville, AR; Bossier City, LA; Lee’s Summit, MO; Fayetteville, TN; and Fort Worth, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	17,283
Buildings	32,225
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(15)
Gross Amount at which Carried at Close of Period
Land	17,269
Buildings	32,224
Total	49,493
Accumulated Depreciation	$ 6,178
Life on which Depreciation in Latest Statement of Income is Computed	16 years
Real Estate Subject To Operating Lease | Office facility in Warrenville, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 18,477
Initial Cost to Company
Land	3,698
Buildings	28,635
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	3,698
Buildings	28,635
Total	32,333
Accumulated Depreciation	$ 3,534
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office and warehouse facility in Zary, Poland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,716
Initial Cost to Company
Land	356
Buildings	1,168
Cost Capitalized Subsequent to Acquisition	6,910
Increase (Decrease) in Net Investments	(1,618)
Gross Amount at which Carried at Close of Period
Land	288
Buildings	6,528
Total	6,816
Accumulated Depreciation	$ 626
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Industrial facility in Sterling, VA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13,682
Initial Cost to Company
Land	3,118
Buildings	14,007
Cost Capitalized Subsequent to Acquisition	5,071
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	3,118
Buildings	19,078
Total	22,196
Accumulated Depreciation	$ 2,401
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Real Estate Subject To Operating Lease | Office facility in Houston, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 127,785
Initial Cost to Company
Land	19,331
Buildings	123,084
Cost Capitalized Subsequent to Acquisition	6,494
Increase (Decrease) in Net Investments	2,899
Gross Amount at which Carried at Close of Period
Land	19,331
Buildings	132,477
Total	151,808
Accumulated Depreciation	$ 18,166
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Real Estate Subject To Operating Lease | Retail facility in Orlando, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 58,283
Initial Cost to Company
Land	3,307
Buildings	10,607
Cost Capitalized Subsequent to Acquisition	104,619
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	26,000
Buildings	92,533
Total	118,533
Accumulated Depreciation	$ 3,986
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Education facility in Eagan, MN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 9,083
Initial Cost to Company
Land	2,104
Buildings	11,462
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(85)
Gross Amount at which Carried at Close of Period
Land	1,994
Buildings	11,487
Total	13,481
Accumulated Depreciation	$ 1,421
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Real Estate Subject To Operating Lease | Warehouse facility in Saitama Prefecture, Japan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 22,159
Initial Cost to Company
Land	17,292
Buildings	28,575
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(13,676)
Gross Amount at which Carried at Close of Period
Land	12,136
Buildings	20,055
Total	32,191
Accumulated Depreciation	$ 3,248
Life on which Depreciation in Latest Statement of Income is Computed	26 years
Real Estate Subject To Operating Lease | Retail facilities in Bjelovar, Karlovac, Krapina, Krizevci, Metkovic, Novigrad, Porec, Umag, and Vodnjan, Croatia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 18,989
Initial Cost to Company
Land	5,059
Buildings	28,294
Cost Capitalized Subsequent to Acquisition	6,634
Increase (Decrease) in Net Investments	(7,877)
Gross Amount at which Carried at Close of Period
Land	5,740
Buildings	26,370
Total	32,110
Accumulated Depreciation	$ 2,785
Real Estate Subject To Operating Lease | Retail facilities in Bjelovar, Karlovac, Krapina, Krizevci, Metkovic, Novigrad, Porec, Umag, and Vodnjan, Croatia | Minimum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	32 years
Real Estate Subject To Operating Lease | Retail facilities in Bjelovar, Karlovac, Krapina, Krizevci, Metkovic, Novigrad, Porec, Umag, and Vodnjan, Croatia | Maximum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Industrial facility in Portage, WI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 4,634
Initial Cost to Company
Land	3,338
Buildings	4,556
Cost Capitalized Subsequent to Acquisition	502
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	3,338
Buildings	5,058
Total	8,396
Accumulated Depreciation	$ 758
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Real Estate Subject To Operating Lease | Retail facility in Dallas, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 9,662
Initial Cost to Company
Land	4,441
Buildings	9,649
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	4,441
Buildings	9,649
Total	14,090
Accumulated Depreciation	$ 957
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facility in Dillon, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 25,826
Initial Cost to Company
Land	3,096
Buildings	2,281
Cost Capitalized Subsequent to Acquisition	37,989
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	3,096
Buildings	40,270
Total	43,366
Accumulated Depreciation	$ 2,602
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Land in Chicago, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	15,459
Buildings	0
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	15,459
Buildings	0
Total	15,459
Accumulated Depreciation	0
Real Estate Subject To Operating Lease | Office facility in Northbrook, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,463
Initial Cost to Company
Land	0
Buildings	942
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	0
Buildings	942
Total	942
Accumulated Depreciation	$ 222
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Industrial facility in Wageningen, Netherlands
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 16,715
Initial Cost to Company
Land	4,790
Buildings	24,301
Cost Capitalized Subsequent to Acquisition	47
Increase (Decrease) in Net Investments	(5,639)
Gross Amount at which Carried at Close of Period
Land	3,901
Buildings	19,598
Total	23,499
Accumulated Depreciation	$ 1,750
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facilities in Gadki, Poland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 29,867
Initial Cost to Company
Land	9,219
Buildings	48,578
Cost Capitalized Subsequent to Acquisition	121
Increase (Decrease) in Net Investments	(11,148)
Gross Amount at which Carried at Close of Period
Land	7,444
Buildings	39,326
Total	46,770
Accumulated Depreciation	$ 3,755
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Automotive dealership in Lewisville, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 9,346
Initial Cost to Company
Land	3,269
Buildings	9,605
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	3,269
Buildings	9,605
Total	12,874
Accumulated Depreciation	$ 1,126
Life on which Depreciation in Latest Statement of Income is Computed	39 years
Real Estate Subject To Operating Lease | Office facility in Auburn Hills, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5,904
Initial Cost to Company
Land	789
Buildings	7,163
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	789
Buildings	7,163
Total	7,952
Accumulated Depreciation	$ 626
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in Haibach, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 8,375
Initial Cost to Company
Land	2,544
Buildings	11,114
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(3,002)
Gross Amount at which Carried at Close of Period
Land	1,985
Buildings	8,671
Total	10,656
Accumulated Depreciation	$ 1,040
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Real Estate Subject To Operating Lease | Office facility in Tempe, AZ
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 14,726
Initial Cost to Company
Land	0
Buildings	16,996
Cost Capitalized Subsequent to Acquisition	4,272
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	0
Buildings	21,268
Total	21,268
Accumulated Depreciation	$ 1,761
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in Tucson, AZ
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 8,102
Initial Cost to Company
Land	2,440
Buildings	11,175
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	2,440
Buildings	11,175
Total	13,615
Accumulated Depreciation	$ 1,007
Life on which Depreciation in Latest Statement of Income is Computed	38 years
Real Estate Subject To Operating Lease | Industrial facility in Drunen, Netherlands
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 9,419
Initial Cost to Company
Land	990
Buildings	6,328
Cost Capitalized Subsequent to Acquisition	7,922
Increase (Decrease) in Net Investments	(357)
Gross Amount at which Carried at Close of Period
Land	1,292
Buildings	13,591
Total	14,883
Accumulated Depreciation	$ 562
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Industrial facility in New Concord, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,594
Initial Cost to Company
Land	784
Buildings	2,636
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	784
Buildings	2,636
Total	3,420
Accumulated Depreciation	$ 245
Real Estate Subject To Operating Lease | Industrial facility in New Concord, OH | Minimum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Real Estate Subject To Operating Lease | Industrial facility in New Concord, OH | Maximum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in Krakow, Poland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5,079
Initial Cost to Company
Land	2,771
Buildings	6,549
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(1,728)
Gross Amount at which Carried at Close of Period
Land	2,257
Buildings	5,335
Total	7,592
Accumulated Depreciation	$ 351
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Retail facility in Gelsenkirchen, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 12,814
Initial Cost to Company
Land	2,060
Buildings	17,534
Cost Capitalized Subsequent to Acquisition	123
Increase (Decrease) in Net Investments	(3,253)
Gross Amount at which Carried at Close of Period
Land	1,719
Buildings	14,745
Total	16,464
Accumulated Depreciation	$ 1,023
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Real Estate Subject To Operating Lease | Office facility in Plymouth, Minnesota
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 22,099
Initial Cost to Company
Land	2,601
Buildings	15,599
Cost Capitalized Subsequent to Acquisition	5,743
Increase (Decrease) in Net Investments	925
Gross Amount at which Carried at Close of Period
Land	2,601
Buildings	22,267
Total	24,868
Accumulated Depreciation	$ 1,565
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in San Antonio, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 14,159
Initial Cost to Company
Land	3,131
Buildings	13,124
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	3,131
Buildings	13,124
Total	16,255
Accumulated Depreciation	$ 760
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facilities in Mszczonów and Tomaszów Mazowiecki, Poland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 29,981
Initial Cost to Company
Land	10,108
Buildings	35,856
Cost Capitalized Subsequent to Acquisition	8
Increase (Decrease) in Net Investments	(3,177)
Gross Amount at which Carried at Close of Period
Land	9,407
Buildings	33,388
Total	42,795
Accumulated Depreciation	$ 2,158
Life on which Depreciation in Latest Statement of Income is Computed	31 years
Real Estate Subject To Operating Lease | Retail facilities in Joliet, IL; Fargo, ND; and Ashwaubenon, Brookfield, Greendale, and Wauwatosa, WI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 41,836
Initial Cost to Company
Land	20,936
Buildings	34,627
Cost Capitalized Subsequent to Acquisition	332
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	20,936
Buildings	34,959
Total	55,895
Accumulated Depreciation	$ 2,230
Real Estate Subject To Operating Lease | Retail facilities in Joliet, IL; Fargo, ND; and Ashwaubenon, Brookfield, Greendale, and Wauwatosa, WI | Minimum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	27 years
Real Estate Subject To Operating Lease | Retail facilities in Joliet, IL; Fargo, ND; and Ashwaubenon, Brookfield, Greendale, and Wauwatosa, WI | Maximum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	29 years
Real Estate Subject To Operating Lease | Warehouse facility in Sered, Slovakia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 10,588
Initial Cost to Company
Land	4,059
Buildings	15,297
Cost Capitalized Subsequent to Acquisition	8,896
Increase (Decrease) in Net Investments	(1,281)
Gross Amount at which Carried at Close of Period
Land	3,889
Buildings	23,082
Total	26,971
Accumulated Depreciation	$ 778
Life on which Depreciation in Latest Statement of Income is Computed	36 years
Real Estate Subject To Operating Lease | Industrial facility in Tuchomerice, Czech Republic
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 16,376
Initial Cost to Company
Land	9,424
Buildings	21,860
Cost Capitalized Subsequent to Acquisition	256
Increase (Decrease) in Net Investments	(2,395)
Gross Amount at which Carried at Close of Period
Land	9,124
Buildings	20,021
Total	29,145
Accumulated Depreciation	$ 631
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Office facility in Warsaw, Poland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 36,144
Initial Cost to Company
Land	0
Buildings	54,296
Cost Capitalized Subsequent to Acquisition	9
Increase (Decrease) in Net Investments	(1,725)
Gross Amount at which Carried at Close of Period
Land	0
Buildings	52,580
Total	52,580
Accumulated Depreciation	$ 1,431
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Net-lease student housing facility in Jacksonville, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 11,922
Initial Cost to Company
Land	870
Buildings	15,787
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	870
Buildings	15,787
Total	16,657
Accumulated Depreciation	$ 408
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facilities in Houston, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	2,210
Buildings	1,362
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	2,210
Buildings	1,362
Total	3,572
Accumulated Depreciation	$ 42
Life on which Depreciation in Latest Statement of Income is Computed	38 years
Real Estate Subject To Operating Lease | Office facility in Oak Creek, WI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	2,801
Buildings	11,301
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	2,801
Buildings	11,301
Total	14,102
Accumulated Depreciation	$ 136
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Real Estate Subject To Operating Lease | Warehouse facility in Perrysburg, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	774
Buildings	11,756
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	774
Buildings	11,756
Total	12,530
Accumulated Depreciation	$ 120
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Real Estate Subject To Operating Lease | Warehouse facilities in Shelbyville, IN; Kalamazoo, MI; Tiffin, OH; Andersonville, TN; and Millwood, WV
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	2,706
Buildings	24,178
Cost Capitalized Subsequent to Acquisition	10,585
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	3,086
Buildings	34,383
Total	37,469
Accumulated Depreciation	$ 192
Real Estate Subject To Operating Lease | Warehouse facilities in Shelbyville, IN; Kalamazoo, MI; Tiffin, OH; Andersonville, TN; and Millwood, WV | Minimum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	28 years
Real Estate Subject To Operating Lease | Warehouse facilities in Shelbyville, IN; Kalamazoo, MI; Tiffin, OH; Andersonville, TN; and Millwood, WV | Maximum
Gross Amount at which Carried at Close of Period
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facility in Zabia Wola, Poland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land	3,441
Buildings	20,654
Cost Capitalized Subsequent to Acquisition	81
Increase (Decrease) in Net Investments	(107)
Gross Amount at which Carried at Close of Period
Land	3,425
Buildings	20,644
Total	24,069
Accumulated Depreciation	$ 52
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Real Estate Subject To Operating Lease | Warehouse facility in Kaunas, Lithuania
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 38,676
Initial Cost to Company
Land	2,194
Buildings	42,109
Cost Capitalized Subsequent to Acquisition	160
Increase (Decrease) in Net Investments	(431)
Gross Amount at which Carried at Close of Period
Land	2,172
Buildings	41,860
Total	44,032
Accumulated Depreciation	$ 52
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Direct Financing Method
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 195,058
Initial Cost to Company
Land	24,155
Buildings	483,484
Cost Capitalized Subsequent to Acquisition	18,247
Increase (Decrease) in Net Investments	(17,494)
Gross Amount at which Carried at Close of Period
Total	508,392
Direct Financing Method | Warehouse facilities in Houston, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land	0
Buildings	4,233
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	49
Gross Amount at which Carried at Close of Period
Total	4,282
Direct Financing Method | Industrial and office facilities in Nagold, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land	6,012
Buildings	41,493
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(29,477)
Gross Amount at which Carried at Close of Period
Total	18,028
Direct Financing Method | Industrial facilities in Mayodan, Sanford, and Stoneville, NC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land	3,100
Buildings	35,766
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(2,579)
Gross Amount at which Carried at Close of Period
Total	36,287
Direct Financing Method | Industrial facility in Glendale Heights, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	17,000
Initial Cost to Company
Land	3,820
Buildings	11,148
Cost Capitalized Subsequent to Acquisition	18,245
Increase (Decrease) in Net Investments	3,009
Gross Amount at which Carried at Close of Period
Total	36,222
Direct Financing Method | Office facility in New York City, NY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	102,985
Initial Cost to Company
Land	0
Buildings	233,720
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	14,887
Gross Amount at which Carried at Close of Period
Total	248,607
Direct Financing Method | Industrial facilities in Colton, Fresno, Los Angeles, Orange, Pomona, and San Diego, CA; Holly Hill, FL; Rockmart, GA; Ooltewah, TN; and Dallas, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,155
Initial Cost to Company
Land	1,730
Buildings	20,778
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(907)
Gross Amount at which Carried at Close of Period
Total	21,601
Direct Financing Method | Warehouse facilities in Bristol, Leeds, Liverpool, Luton, Newport, Plymouth, and Southampton, United Kingdom
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	8,351
Initial Cost to Company
Land	508
Buildings	24,009
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(6,460)
Gross Amount at which Carried at Close of Period
Total	18,057
Direct Financing Method | Retail facilities in Dugo Selo and Samobor, Croatia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,742
Initial Cost to Company
Land	1,804
Buildings	11,618
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	(2,875)
Gross Amount at which Carried at Close of Period
Total	10,547
Direct Financing Method | Warehouse facility in Oxnard, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,715
Initial Cost to Company
Land	0
Buildings	8,957
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	180
Gross Amount at which Carried at Close of Period
Total	9,137
Direct Financing Method | Industrial facilities in Bartow, FL; Momence, IL; Smithfield, NC; Hudson, NY; and Ardmore, OK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	21,081
Initial Cost to Company
Land	3,750
Buildings	50,177
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	5,756
Gross Amount at which Carried at Close of Period
Total	59,683
Direct Financing Method | Industrial facility in Clarksville, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,150
Initial Cost to Company
Land	600
Buildings	7,291
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	405
Gross Amount at which Carried at Close of Period
Total	8,296
Direct Financing Method | Industrial facility in Countryside, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,934
Initial Cost to Company
Land	425
Buildings	1,800
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	41
Gross Amount at which Carried at Close of Period
Total	2,266
Direct Financing Method | Industrial facility in Bluffton, IN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,853
Initial Cost to Company
Land	264
Buildings	3,407
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	19
Gross Amount at which Carried at Close of Period
Total	3,690
Direct Financing Method | Retail facilities in Joliet, Illinois and Greendale, Wisconsin
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	15,092
Initial Cost to Company
Land	0
Buildings	19,002
Cost Capitalized Subsequent to Acquisition	2
Increase (Decrease) in Net Investments	355
Gross Amount at which Carried at Close of Period
Total	19,359
Direct Financing Method | Industrial facilities in Sedalia, MO; Lumberton and Mount Airy, NC; Lima and Miamisburg, OH; and Wilkes-Barre, PA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land	2,142
Buildings	10,085
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	103
Gross Amount at which Carried at Close of Period
Total	12,330
Operating Real Estate – Self-Storage Facilities
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	164,397
Initial Cost to Company
Land	55,688
Buildings	197,799
Cost Capitalized Subsequent to Acquisition	4,886
Increase (Decrease) in Net Investments	598
Gross Amount at which Carried at Close of Period
Land	55,645
Buildings	203,326
Total	258,971	$ 275,521	$ 272,859	$ 283,370
Accumulated Depreciation	18,876	$ 30,308	$ 22,217	$ 15,354
Operating Real Estate – Self-Storage Facilities | Fort Worth, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,593
Initial Cost to Company
Land	610
Buildings	2,672
Cost Capitalized Subsequent to Acquisition	62
Increase (Decrease) in Net Investments	36
Gross Amount at which Carried at Close of Period
Land	610
Buildings	2,770
Total	3,380
Accumulated Depreciation	$ 497
Life on which Depreciation in Latest Statement of Income is Computed	33 years
Operating Real Estate – Self-Storage Facilities | Palm Springs, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 6,022
Initial Cost to Company
Land	1,287
Buildings	3,124
Cost Capitalized Subsequent to Acquisition	91
Increase (Decrease) in Net Investments	36
Gross Amount at which Carried at Close of Period
Land	1,287
Buildings	3,251
Total	4,538
Accumulated Depreciation	$ 626
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Operating Real Estate – Self-Storage Facilities | Kailua-Kona, HI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,860
Initial Cost to Company
Land	1,000
Buildings	1,108
Cost Capitalized Subsequent to Acquisition	61
Increase (Decrease) in Net Investments	38
Gross Amount at which Carried at Close of Period
Land	1,000
Buildings	1,207
Total	2,207
Accumulated Depreciation	$ 290
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Operating Real Estate – Self-Storage Facilities | Chicago, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,536
Initial Cost to Company
Land	600
Buildings	4,124
Cost Capitalized Subsequent to Acquisition	207
Increase (Decrease) in Net Investments	10
Gross Amount at which Carried at Close of Period
Land	600
Buildings	4,341
Total	4,941
Accumulated Depreciation	$ 732
Life on which Depreciation in Latest Statement of Income is Computed	25 years
Operating Real Estate – Self-Storage Facilities | Chicago, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,528
Initial Cost to Company
Land	400
Buildings	2,074
Cost Capitalized Subsequent to Acquisition	224
Increase (Decrease) in Net Investments	4
Gross Amount at which Carried at Close of Period
Land	400
Buildings	2,302
Total	2,702
Accumulated Depreciation	$ 397
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Operating Real Estate – Self-Storage Facilities | Rockford, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,835
Initial Cost to Company
Land	548
Buildings	1,881
Cost Capitalized Subsequent to Acquisition	27
Increase (Decrease) in Net Investments	22
Gross Amount at which Carried at Close of Period
Land	548
Buildings	1,930
Total	2,478
Accumulated Depreciation	$ 438
Life on which Depreciation in Latest Statement of Income is Computed	25 years
Operating Real Estate – Self-Storage Facilities | Rockford, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 594
Initial Cost to Company
Land	114
Buildings	633
Cost Capitalized Subsequent to Acquisition	139
Increase (Decrease) in Net Investments	41
Gross Amount at which Carried at Close of Period
Land	114
Buildings	813
Total	927
Accumulated Depreciation	$ 177
Life on which Depreciation in Latest Statement of Income is Computed	25 years
Operating Real Estate – Self-Storage Facilities | Rockford, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,333
Initial Cost to Company
Land	380
Buildings	2,321
Cost Capitalized Subsequent to Acquisition	45
Increase (Decrease) in Net Investments	(98)
Gross Amount at which Carried at Close of Period
Land	337
Buildings	2,311
Total	2,648
Accumulated Depreciation	$ 521
Life on which Depreciation in Latest Statement of Income is Computed	25 years
Operating Real Estate – Self-Storage Facilities | Kihei, HI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5,200
Initial Cost to Company
Land	2,523
Buildings	7,481
Cost Capitalized Subsequent to Acquisition	718
Increase (Decrease) in Net Investments	26
Gross Amount at which Carried at Close of Period
Land	2,523
Buildings	8,225
Total	10,748
Accumulated Depreciation	$ 1,145
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Operating Real Estate – Self-Storage Facilities | National City, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,447
Initial Cost to Company
Land	3,158
Buildings	1,483
Cost Capitalized Subsequent to Acquisition	151
Increase (Decrease) in Net Investments	17
Gross Amount at which Carried at Close of Period
Land	3,158
Buildings	1,651
Total	4,809
Accumulated Depreciation	$ 328
Life on which Depreciation in Latest Statement of Income is Computed	28 years
Operating Real Estate – Self-Storage Facilities | Mundelein, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,460
Initial Cost to Company
Land	1,080
Buildings	5,287
Cost Capitalized Subsequent to Acquisition	258
Increase (Decrease) in Net Investments	69
Gross Amount at which Carried at Close of Period
Land	1,080
Buildings	5,614
Total	6,694
Accumulated Depreciation	$ 1,228
Life on which Depreciation in Latest Statement of Income is Computed	25 years
Operating Real Estate – Self-Storage Facilities | Pearl City, HI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 6,454
Initial Cost to Company
Land	0
Buildings	5,141
Cost Capitalized Subsequent to Acquisition	489
Increase (Decrease) in Net Investments	22
Gross Amount at which Carried at Close of Period
Land	0
Buildings	5,652
Total	5,652
Accumulated Depreciation	$ 1,508
Life on which Depreciation in Latest Statement of Income is Computed	20 years
Operating Real Estate – Self-Storage Facilities | Palm Springs, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,963
Initial Cost to Company
Land	1,019
Buildings	2,131
Cost Capitalized Subsequent to Acquisition	313
Increase (Decrease) in Net Investments	7
Gross Amount at which Carried at Close of Period
Land	1,019
Buildings	2,451
Total	3,470
Accumulated Depreciation	$ 472
Life on which Depreciation in Latest Statement of Income is Computed	28 years
Operating Real Estate – Self-Storage Facilities | Loves Park, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,153
Initial Cost to Company
Land	394
Buildings	3,390
Cost Capitalized Subsequent to Acquisition	64
Increase (Decrease) in Net Investments	(122)
Gross Amount at which Carried at Close of Period
Land	394
Buildings	3,332
Total	3,726
Accumulated Depreciation	$ 892
Life on which Depreciation in Latest Statement of Income is Computed	20 years
Operating Real Estate – Self-Storage Facilities | Mundelein, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 699
Initial Cost to Company
Land	535
Buildings	1,757
Cost Capitalized Subsequent to Acquisition	157
Increase (Decrease) in Net Investments	21
Gross Amount at which Carried at Close of Period
Land	535
Buildings	1,935
Total	2,470
Accumulated Depreciation	$ 506
Life on which Depreciation in Latest Statement of Income is Computed	20 years
Operating Real Estate – Self-Storage Facilities | Chicago, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,074
Initial Cost to Company
Land	1,049
Buildings	5,672
Cost Capitalized Subsequent to Acquisition	247
Increase (Decrease) in Net Investments	7
Gross Amount at which Carried at Close of Period
Land	1,049
Buildings	5,926
Total	6,975
Accumulated Depreciation	$ 1,033
Life on which Depreciation in Latest Statement of Income is Computed	30 years
Operating Real Estate – Self-Storage Facilities | Beaumont, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,582
Initial Cost to Company
Land	1,616
Buildings	2,873
Cost Capitalized Subsequent to Acquisition	94
Increase (Decrease) in Net Investments	14
Gross Amount at which Carried at Close of Period
Land	1,616
Buildings	2,981
Total	4,597
Accumulated Depreciation	$ 498
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Operating Real Estate – Self-Storage Facilities | San Bernardino, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 989
Initial Cost to Company
Land	698
Buildings	1,397
Cost Capitalized Subsequent to Acquisition	95
Increase (Decrease) in Net Investments	15
Gross Amount at which Carried at Close of Period
Land	698
Buildings	1,507
Total	2,205
Accumulated Depreciation	$ 242
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Operating Real Estate – Self-Storage Facilities | Peoria, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,055
Initial Cost to Company
Land	549
Buildings	2,424
Cost Capitalized Subsequent to Acquisition	37
Increase (Decrease) in Net Investments	6
Gross Amount at which Carried at Close of Period
Land	549
Buildings	2,467
Total	3,016
Accumulated Depreciation	$ 530
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Operating Real Estate – Self-Storage Facilities | East Peoria, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,315
Initial Cost to Company
Land	409
Buildings	1,816
Cost Capitalized Subsequent to Acquisition	64
Increase (Decrease) in Net Investments	8
Gross Amount at which Carried at Close of Period
Land	409
Buildings	1,888
Total	2,297
Accumulated Depreciation	$ 378
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Operating Real Estate – Self-Storage Facilities | Loves Park, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,738
Initial Cost to Company
Land	439
Buildings	998
Cost Capitalized Subsequent to Acquisition	227
Increase (Decrease) in Net Investments	155
Gross Amount at which Carried at Close of Period
Land	439
Buildings	1,380
Total	1,819
Accumulated Depreciation	$ 269
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Operating Real Estate – Self-Storage Facilities | Hesperia, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 854
Initial Cost to Company
Land	648
Buildings	1,377
Cost Capitalized Subsequent to Acquisition	85
Increase (Decrease) in Net Investments	8
Gross Amount at which Carried at Close of Period
Land	648
Buildings	1,470
Total	2,118
Accumulated Depreciation	$ 256
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Operating Real Estate – Self-Storage Facilities | Cherry Valley, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,700
Initial Cost to Company
Land	1,076
Buildings	1,763
Cost Capitalized Subsequent to Acquisition	15
Increase (Decrease) in Net Investments	18
Gross Amount at which Carried at Close of Period
Land	1,076
Buildings	1,796
Total	2,872
Accumulated Depreciation	$ 561
Life on which Depreciation in Latest Statement of Income is Computed	20 years
Operating Real Estate – Self-Storage Facilities | Fayetteville, NC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,088
Initial Cost to Company
Land	1,677
Buildings	3,116
Cost Capitalized Subsequent to Acquisition	53
Increase (Decrease) in Net Investments	10
Gross Amount at which Carried at Close of Period
Land	1,677
Buildings	3,179
Total	4,856
Accumulated Depreciation	$ 598
Life on which Depreciation in Latest Statement of Income is Computed	34 years
Operating Real Estate – Self-Storage Facilities | Cathedral City, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,313
Initial Cost to Company
Land	0
Buildings	2,275
Cost Capitalized Subsequent to Acquisition	12
Increase (Decrease) in Net Investments	15
Gross Amount at which Carried at Close of Period
Land	0
Buildings	2,302
Total	2,302
Accumulated Depreciation	$ 337
Life on which Depreciation in Latest Statement of Income is Computed	34 years
Operating Real Estate – Self-Storage Facilities | Hilo, HI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 7,876
Initial Cost to Company
Land	296
Buildings	4,996
Cost Capitalized Subsequent to Acquisition	12
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	296
Buildings	5,008
Total	5,304
Accumulated Depreciation	$ 453
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Operating Real Estate – Self-Storage Facilities | Clearwater, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,734
Initial Cost to Company
Land	924
Buildings	2,966
Cost Capitalized Subsequent to Acquisition	51
Increase (Decrease) in Net Investments	14
Gross Amount at which Carried at Close of Period
Land	924
Buildings	3,031
Total	3,955
Accumulated Depreciation	$ 354
Life on which Depreciation in Latest Statement of Income is Computed	32 years
Operating Real Estate – Self-Storage Facilities | Winder, GA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 967
Initial Cost to Company
Land	546
Buildings	30
Cost Capitalized Subsequent to Acquisition	7
Increase (Decrease) in Net Investments	8
Gross Amount at which Carried at Close of Period
Land	546
Buildings	45
Total	591
Accumulated Depreciation	$ 12
Life on which Depreciation in Latest Statement of Income is Computed	31 years
Operating Real Estate – Self-Storage Facilities | Winder, GA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,328
Initial Cost to Company
Land	495
Buildings	1,253
Cost Capitalized Subsequent to Acquisition	51
Increase (Decrease) in Net Investments	9
Gross Amount at which Carried at Close of Period
Land	495
Buildings	1,313
Total	1,808
Accumulated Depreciation	$ 248
Life on which Depreciation in Latest Statement of Income is Computed	25 years
Operating Real Estate – Self-Storage Facilities | Orlando, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5,691
Initial Cost to Company
Land	1,064
Buildings	4,889
Cost Capitalized Subsequent to Acquisition	116
Increase (Decrease) in Net Investments	18
Gross Amount at which Carried at Close of Period
Land	1,064
Buildings	5,023
Total	6,087
Accumulated Depreciation	$ 530
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Operating Real Estate – Self-Storage Facilities | Palm Coast, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,364
Initial Cost to Company
Land	1,749
Buildings	3,285
Cost Capitalized Subsequent to Acquisition	63
Increase (Decrease) in Net Investments	155
Gross Amount at which Carried at Close of Period
Land	1,749
Buildings	3,503
Total	5,252
Accumulated Depreciation	$ 517
Life on which Depreciation in Latest Statement of Income is Computed	29 years
Operating Real Estate – Self-Storage Facilities | Holiday, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,213
Initial Cost to Company
Land	1,829
Buildings	1,097
Cost Capitalized Subsequent to Acquisition	587
Increase (Decrease) in Net Investments	9
Gross Amount at which Carried at Close of Period
Land	1,829
Buildings	1,693
Total	3,522
Accumulated Depreciation	$ 219
Life on which Depreciation in Latest Statement of Income is Computed	23 years
Operating Real Estate – Self-Storage Facilities | New York City, NY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 11,826
Initial Cost to Company
Land	5,692
Buildings	16,076
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	5,692
Buildings	16,076
Total	21,768
Accumulated Depreciation	$ 291
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Operating Real Estate – Self-Storage Facilities | New York City, NY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 20,014
Initial Cost to Company
Land	5,823
Buildings	31,032
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	5,823
Buildings	31,032
Total	36,855
Accumulated Depreciation	$ 567
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Operating Real Estate – Self-Storage Facilities | New York City, NY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 19,249
Initial Cost to Company
Land	6,184
Buildings	35,188
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	6,184
Buildings	35,188
Total	41,372
Accumulated Depreciation	$ 653
Life on which Depreciation in Latest Statement of Income is Computed	40 years
Operating Real Estate – Self-Storage Facilities | New York City, NY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 14,233
Initial Cost to Company
Land	8,120
Buildings	18,502
Cost Capitalized Subsequent to Acquisition	0
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	8,120
Buildings	18,502
Total	26,622
Accumulated Depreciation	$ 388
Life on which Depreciation in Latest Statement of Income is Computed	35 years
Operating Real Estate – Self-Storage Facilities | New York City, NY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5,517
Initial Cost to Company
Land	1,157
Buildings	10,167
Cost Capitalized Subsequent to Acquisition	64
Increase (Decrease) in Net Investments	0
Gross Amount at which Carried at Close of Period
Land	1,157
Buildings	10,231
Total	11,388
Accumulated Depreciation	$ 185
Life on which Depreciation in Latest Statement of Income is Computed	40 years

Schedule III - Real Estate a105

Schedule III - Real Estate and Accumulated Depreciation - Accumulated Depreciation Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Real estate
Rollforward of Carrying Amounts of Real Estate Investments
Beginning balance	$ 2,658,877	$ 2,396,715	$ 2,402,315
Additions	142,142	222,739	65,115
Foreign currency translation adjustment	(36,617)	(99,252)	(124,536)
Impairment charges	(29,183)	0	0
Reclassification from real estate under construction	21,825	129,225	83,006
Reclassification to assets held for sale	(18,882)	0	0
Improvements	7,262	9,450	3,554
Dispositions	0	0	(32,739)
Ending balance	2,745,424	2,658,877	2,396,715
Rollforward of Accumulated Depreciation of Real Estate Investments
Beginning balance	225,867	175,478	129,051
Depreciation expense	62,808	57,831	54,976
Reclassification to assets held for sale	(4,032)	0	0
Foreign currency translation adjustment	(3,986)	(7,442)	(8,549)
Ending balance	280,657	225,867	175,478
Operating Real Estate – Self-Storage Facilities
Rollforward of Carrying Amounts of Real Estate Investments
Beginning balance	275,521	272,859	283,370
Additions	137,958	0	0
Reclassification from real estate under construction	0	0	14,929
Improvements	2,443	2,662	2,047
Dispositions	(156,951)	0	(27,487)
Ending balance	258,971	275,521	272,859
Rollforward of Accumulated Depreciation of Real Estate Investments
Beginning balance	30,308	22,217	15,354
Depreciation expense	7,791	8,091	8,664
Dispositions	(19,223)	0	(1,801)
Ending balance	$ 18,876	$ 30,308	$ 22,217

Schedule IV - Mortgage Loans106

Schedule IV - Mortgage Loans on Real Estate - Property (Details) - 1185 Broadway LLC $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Mortgage Loans on Real Estate
Interest Rate	10.00%
Final Maturity Date	Jul. 31, 2017
Fair Value	$ 31,500
Carrying Amount	$ 31,500

Schedule IV - Mortgage Loans107

Schedule IV - Mortgage Loans on Real Estate - Rolforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Mortgage Loans on Real Estate
Balance	$ 44,044	$ 40,000	$ 40,000
Additions	0	42,600	0
Repayment	(12,600)	(40,000)	0
Accretion	56	1,444	0
Ending balance	$ 31,500	$ 44,044	$ 40,000