Corporate Property Associates 18 Global (CPYA) 10-Q8 Nov 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013	Oct. 31, 2013
	Sep. 30, 2013	Class A	Class C
Document Entity Information [Abstract]	'	'	'
Document Type	'10-Q	'	'
Document Period End Date	30-Sep-13	'	'
Amendment Flag	'false	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'Q3	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Central Index Key	'0001558235	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Non-accelerated Filer	'	'
Entity Registrant Name	'Corporate Property Associates 18 Global Incorporated	'	'
Entity Voluntary Filers	'No	'	'
Entity Well Known Seasoned Issuer	'No	'	'
Entity Common Stock Shares Outstanding	'	5,473,424	1,647,826

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Investments in properties:	'	'
Real estate, at cost	$97,208,900	$0
Accumulated depreciation	-243,280	0
Net investments in properties	96,965,620	0
Cash and cash equivalents	14,248,441	209,000
In-place lease intangible assets, net	17,311,711	0
Deferred offering costs	3,851,393	0
Other assets	1,147,365	0
Total assets	133,524,530	209,000
Liabilities:	'	'
Non-recourse debt	72,800,000	0
Notes payable to affiliate	15,000,000	0
Due to affiliate	5,343,352	0
Prepaid and deferred rental income	2,441,828	0
Accounts payable, accrued expenses and other liabilities	239,997	0
Distributions payable	115,180	0
Total liabilities	95,940,357	0
Commitments and contingencies (Note 7)	'	'
CPAB.:18 b Global stockholdersb equity:	'	'
Preferred stock, $0.001 par value, 50,000,000 and 0 shares authorized; None issued	0	0
Additional paid-in capital	18,996,596	208,977
Distributions in excess of accumulated losses	-318,730	0
Total CPAB.:18 b Global stockholdersb equity	18,679,985	209,000
Noncontrolling interest	18,904,188	0
Total equity	37,584,173	209,000
Total liabilities and equity	133,524,530	209,000
Class A common stock	'	'
CPAB.:18 b Global stockholdersb equity:	'	'
Common stock	1,771	0
Total equity	1,771	0
Class C common stock	'	'
CPAB.:18 b Global stockholdersb equity:	'	'
Common stock	348	0
Total equity	348	0
General Common Stock	'	'
CPAB.:18 b Global stockholdersb equity:	'	'
Common stock	0	23
Total equity	$0	$23

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	Sep. 30, 2013	Dec. 31, 2012
CPAB.:18 b Global stockholdersb equity:	'	'
Common stock, par value	$0.00	'
Preferred stock, par value	$0.00	'
Preferred stock, authorized	50,000,000	0
Preferred Stock, Shares Outstanding	0	'
Class A common stock	'	'
CPAB.:18 b Global stockholdersb equity:	'	'
Common stock, par value	$0.00	'
Common Stock, Shares Authorized	320,000,000	0
Common Stock, Shares, Issued	1,771,353	0
Common Stock, Shares, Outstanding	1,771,353	0
Class C common stock	'	'
CPAB.:18 b Global stockholdersb equity:	'	'
Common stock, par value	$0.00	'
Common Stock, Shares Authorized	80,000,000	0
Common Stock, Shares, Issued	348,441	0
Common Stock, Shares, Outstanding	348,441	0
General Common Stock	'	'
CPAB.:18 b Global stockholdersb equity:	'	'
Common stock, par value	'	0.001
Common Stock, Shares Authorized	0	25,000
Common Stock, Shares, Issued	0	23,222
Common Stock, Shares, Outstanding	0	23,222

Consolidated_Statement_of_Oper

Consolidated Statement of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
Consolidated Statement of Operations (Unaudited) (USD $)	Sep. 30, 2013		Sep. 30, 2013
Revenues	'		'
Rental Income	$947,440		$947,440
Operating Expenses	'		'
Depreciation and amortization	377,722		377,722
General and adminstrative	194,208		259,449
Property expenses	31,916		31,916
Operating Expenses	603,846		669,087
Other Income and Expenses	'		'
Interest expense	-415,994		-415,994
Other income and (expenses)	508		508
Other Income and Expenses	-415,486		-415,486
Net Loss	-71,892		-137,133
Net income attributable to noncontrolling interest	66,417		66,417
Net Loss Attributable to CPAB.:18 b Global Stockholders	-138,309	[1]	-203,550	[1]
Class A	'		'
Other Income and Expenses	'		'
Net Loss Attributable to CPAB.:18 b Global Stockholders	-108,611	[1]	-163,329	[1]
Weighted average shares outstanding	616,292		223,085
Net loss per share (in dollars per share)	($0.18)		($0.73)
Distributions declared per share (in dollars per share)	$0.11		$0.11
Class C	'		'
Other Income and Expenses	'		'
Net Loss Attributable to CPAB.:18 b Global Stockholders	($29,698)	[1]	($40,221)	[1]
Weighted average shares outstanding	149,294		50,311
Net loss per share (in dollars per share)	($0.20)		($0.80)
Distributions declared per share (in dollars per share)	$0.10		$0.10

[1]	The allocation of Net loss attributable to CPAB.:18 b Global stockholders is calculated based on the weighted-average shares outstanding for Class A common stock and Class C common stock for the three and nine months ended SeptemberB 30, 2013. The allocation for the Class A common stock excludes the shareholder servicing fee of $3,387 that is only applicable to holders of Class C common stock (Note 3).

Consolidated_Statements_of_Equ

Consolidated Statements of Equity (Unaudited) (USD $)	Total	Class A	Class C	General Common Stock	Additional Paid-In Capital	Distributions in Excess of Accumulated Losses	Total CPA 18 - Global Stockholders	Noncontrolling Interests
Beginning equity balance, value at Sep. 07, 2012	$0	'	'	'	'	'	'	'
Statements of Equity (Unaudited)	'	'	'	'	'	'	'	'
Shares, $.001 par value, issued to Carey REIT II at $9.00 per share, value	209,000	'	'	23	208,977	'	209,000	'
Shares, $.001 par value, issued to Carey REIT II at $9.00 per share, shares	'	'	'	23,222	'	'	'	'
Ending equity balance, value at Dec. 31, 2012	209,000	0	0	23	208,977	0	209,000	0
Ending equity balance, shares at Dec. 31, 2012	'	0	0	23,222	'	'	'	'
Statements of Equity (Unaudited)	'	'	'	'	'	'	'	'
Renaming of General Shares to Class A common stock, value	0	23	'	-23	'	'	'	'
Renaming of General Shares to Class A common stock, shares	'	23,222	'	-23,222	'	'	'	'
Shares issued net of offering cost, value	18,714,704	1,740	348	'	18,712,616	'	18,714,704	'
Shares issued to affiliate, shares	'	835	'	'	'	'	'	'
Shares issued to affiliate, value	8,345	1	'	'	8,344	'	8,345	'
Stock-based compensation, shares	'	7,407	'	'	'	'	'	'
Stock-based compensation, value	66,666	7	'	'	66,659	'	66,666	'
Shares issued net of offering cost, shares	'	1,739,889	348,441	'	'	'	'	'
Contributions from noncontrolling interests	19,129,532	'	'	'	'	'	'	19,129,532
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	-291,761	'	'	'	'	'	'	-291,761
Distributions declared	-115,180	'	'	'	'	-115,180	-115,180	'
Net loss	-137,133	'	'	'	'	-203,550	-203,550	66,417
Ending equity balance, value at Sep. 30, 2013	$37,584,173	$1,771	$348	$0	$18,996,596	($318,730)	$18,679,985	$18,904,188
Ending equity balance, shares at Sep. 30, 2013	'	1,771,353	348,441	0	'	'	'	'

Consolidated_Statements_of_Equ1

Consolidated Statements of Equity (Unaudited) (Parentheticals) (USD $)	Dec. 31, 2012
	Carey REIT II
Statements of Equity (Unaudited)	'
Common stock, par value	$0.00
Per share price issued	$9

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (Unaudited) (USD $)	9 Months Ended
Consolidated Statement of Cash Flows (Unaudited) (USD $)	Sep. 30, 2013
Cash Flows - Operating Activities	'
Net loss	($137,133)
Adjustments to net loss:	'
Depreciation and amortization, including intangible assets and deferred financing costs, and other non-cash charges	380,246
Stock-based compensation expense	66,666
Straight-line rent adjustment, amortization of rent-related intangibles, and others	-137,132
Organization costs paid by affiliate	65,240
Net changes in other operating assets and liabilities	935,842
Net Cash Provided by Operating Activities	1,173,729
Cash Flows b Investing Activities	'
Acquisition of real estate	-111,626,737
Net Cash Used in Investing Activities	-111,626,737
Cash Flows b Financing Activities	'
Proceeds from mortgage financing	72,800,000
Contributions from noncontrolling interests	19,129,532
Proceeds from issuance of shares, net of issuance costs	18,074,861
Note payable proceeds from affiliate	15,000,000
Distributions to noncontrolling interest	-291,761
Payment of deferred financing costs and mortgage deposits	-220,183
Net Cash Provided by Financing Activities	124,492,449
Net increase in cash and cash equivalents	14,039,441
Cash and cash equivalents, beginning of period	209,000
Cash and cash equivalents, end of period	14,248,441
Supplemental non-cash investing and financing activities:	'
Non-cash capitalized costs (Note 3, 4)	-1,381,488
Non-cash capitalized costs (Note 3, 4)	-3,851,393
Third quarter distribution declared (Note 8)	-115,180
Class A common stock	'
Supplemental non-cash investing and financing activities:	'
Asset management fees settled in shares (Note 3)	$8,345

Business

Business	9 Months Ended
Business	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Business	'
	Note 1. Business

	Organization

	Corporate Property Associates 18 – Global Incorporated (“CPA®:18 – Global” and, together with its consolidated subsidiaries, “we”, “us” or “our”) is a Maryland corporation formed in September 2012 for the purpose of investing primarily in a diversified portfolio of income-producing commercial real estate properties and other real estate related assets, both domestically and outside the United States (“U.S.”). We intend to qualify as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986 (the “Code”) for the taxable year ending December 31, 2013, and intend to conduct substantially all of our investment activities and own all of our assets through CPA:18 Limited Partnership, a Delaware limited partnership, which is our “Operating Partnership.” We are a general partner and a limited partner and own a 99.985% interest in the Operating Partnership. The Operating Partnership was formed on April 8, 2013. On July 3, 2013, WPC–CPA®:18 Holdings, LLC (“CPA®:18 Holdings”), a subsidiary of our sponsor, W. P. Carey Inc. (“W. P. Carey”), acquired a 0.015% special general partner interest in the Operating Partnership, representing its special general partnership interest, for $209,000.

	Carey Asset Management Corp., a subsidiary of W. P. Carey, together with its affiliates, is our “advisor” and manages our business. The advisor also currently manages three other affiliated REITs, namely, Corporate Property Associates 16 – Global Incorporated, Corporate Property Associates 17 – Global Incorporated (“CPA®:17 – Global”) and Carey Watermark Investors Incorporated. W. P. Carey & Co B.V., an affiliate of our advisor, will provide asset management services with respect to any foreign investments that we may make in the future.

	On September 13, 2012, Carey REIT II, Inc. (“Carey REIT II”), a subsidiary of W. P. Carey and an affiliate of our advisor, purchased 1,000 shares of our common stock, par value $0.001 per share, for an aggregate purchase price of $9,000 and was admitted as our initial stockholder. On December 14, 2012, we received an additional capital contribution from Carey REIT II for $200,000 in exchange for 22,222 shares of our common stock, par value $0.001 per share. Carey REIT II purchased its shares at $9.00 per share, net of selling commissions and fees that would have otherwise been payable to Carey Financial, LLC (“Carey Financial”), our dealer manager and an affiliate of the advisor. On April 8, 2013, the shares held by Carey REIT II were renamed as Class A common stock. All of the shares issued to Carey REIT II have a par value of $0.001 per share. On April 8, 2013, with the approval of our Board of Directors, we amended our articles of incorporation. Pursuant to the amended and restated articles of incorporation, we are authorized to issue 320,000,000 shares of Class A common stock, 80,000,000 shares of Class C common stock, and 50,000,000 shares of preferred stock. All of the authorized shares have a par value of $0.001 per share.

	Public Offering

	On May 7, 2013, our Registration Statement was declared effective by the SEC under the Securities Act of 1933, as amended (the “Securities Act”). This Registration Statement covers our initial public offering of up to $1.0 billion of common stock, in any combination of Class A common stock and Class C common stock at a price of $10.00 per share of Class A common stock and $9.35 per share of Class C common stock. The Registration Statement also covers the offering of up to $400,000,000 in common stock, in any combination of Class A common stock and Class C common stock, pursuant to our distribution reinvestment and stock purchase plan (“DRIP”) at a price of $9.60 per share of Class A common stock and $8.98 per share of Class C common stock. Our initial public offering is being offered on a “best efforts” basis by Carey Financial and selected other dealers. The per share amount of distributions on shares of Class A and C common stock will likely differ because of different allocations of class-specific expenses. Specifically, distributions on shares of Class C common stock will likely be lower than shares of Class A common stock because shares of Class C common stock are subject to ongoing distribution and shareholder servicing fees (the “shareholder servicing fee”) (Note 3). We currently intend to sell shares in our initial public offering until May 7, 2015; however, our Board of Directors may decide to extend the offering for up to an additional 18 months, and if so we would announce such extension in a prospectus supplement. In some states, we will need to renew our registration annually in order to continue offering our shares beyond the initial registration period. On July 25, 2013, aggregate subscription proceeds for our Class A and Class C common stock exceeded the minimum offering amount of $2,000,000 and we began to admit stockholders. Through October 31, 2013, we raised gross offering proceeds for our Class A common stock and Class C common stock of $50,247,946 and $15,389,115, respectively.

Basis_of_Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	Note 2. Basis of Presentation

	Basis of Presentation

	Our interim consolidated financial statements have been prepared, without audit, in accordance with the instructions to Form 10-Q and therefore do not necessarily include all information and footnotes necessary for a fair statement of our consolidated financial position, results of operations and cash flows in accordance with accounting principles generally accepted in the U.S. (“GAAP”).

	In the opinion of management, the unaudited consolidated financial information for the interim periods presented in this Report reflects all normal and recurring adjustments necessary for a fair statement of results of operations, financial position and cash flows. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year.

	We had no operating activity prior to April 8, 2013 and acquired our first investment on August 20, 2013.

	Basis of Consolidation

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

	When we obtain an economic interest in an entity, we evaluate the entity to determine if it is a variable interest entity (“VIE”) or voting interest entity (“VOE”) and, if so, whether we are the primary beneficiary and are therefore required to consolidate the entity. We performed an analysis of all of our subsidiary entities to determine whether they qualify as VIEs and whether they should be consolidated or accounted for as equity investments in an unconsolidated venture.

	Based on our evaluation, we determined that our Operating Partnership was not a VIE but should be consolidated as we control all decisions regarding our Operating Partnership. We account for the 0.015% interest held by CPA®:18 Holdings in the Operating Partnership as a noncontrolling interest. On August 20, 2013, we entered into a jointly-owned investment with our affiliate, CPA®:17 – Global (Note 4). We have concluded that this subsidiary is a VOE and will be consolidated by us as we are the managing member and the non-managing member does not have substantive participating or “kick-out” rights. Kick-out rights are the rights underlying the limited partners’ ability to dissolve (liquidate) the limited partnership or otherwise remove the general partners.

	Purchase Price Allocation

	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. We determine the value of the tangible assets, consisting of land and buildings, as if vacant, and record intangible assets, including the above-market and below-market value of leases (where applicable), and the value of in-place leases, at their estimated fair values. Land is typically valued utilizing the sales comparison (or market approach). Buildings, as if vacant, are valued using the cost and/or income approach. Site improvements are valued using the cost approach. The fair value of real estate is determined 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 the estimated residual value of each property from a hypothetical sale of the property upon expiration after considering the re-tenanting of such property at estimated then current market rental rate, at a selected capitalization rate and deducting estimated costs of sale. The proceeds from a hypothetical sale are derived by capitalizing the estimated net operating income of each property for the year following lease expiration at an estimated residual capitalization rate. The discount rates and residual capitalization rates used to value the properties are selected based on several factors, including the credit worthiness of the lessees, industry surveys, property type, 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 materially favorable to the tenant, or the tenant has long-term renewal options at rental rates below estimated market rental rates, the appraisal assumes the exercise of such purchase option or long-term renewal options in its determination of residual value. Where a property is deemed to have excess land, the discounted cash flow analysis includes the estimated excess land value at the assumed expiration of the lease, based upon an analysis of comparable land sales or listings in the general market area of the property growing at estimated market growth rates through the year of lease expiration. For those properties that are under contract for sale, the appraised value of the portfolio reflects the current contractual sale price of such properties. See Revenue Recognition and Depreciation below for a discussion of our significant accounting policies related to tangible assets. We include the value of below-market leases in Prepaid and deferred rental income in the consolidated balance sheets.

	We record above-market and below-market lease values for owned properties, where applicable, based on the present value (using a discount rate reflecting the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the leases negotiated and 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 a period equal to the estimated lease term, which includes renewal options with rental rates below estimated market rental rates. We amortize the capitalized above-market lease value, where applicable, as a reduction of rental income over the estimated market lease term. We amortize the capitalized below-market lease value as an increase to rental income over the estimated lease term and any fixed-rate renewal periods in the respective leases.

	The value of any in-place lease is estimated to be equal to the property owner’s avoidance of costs necessary to lease the property for a term equal to the remaining primary in-place lease term and the value of investment grade tenancy. The cost avoidance to the property owners of vacancy and leasing costs necessary to lease the property for a lease term equal to the remaining in-place lease term 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 was 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 improvement allowances. We determine these values using our estimates or by relying in part upon third-party appraisals. We amortize the capitalized value of in-place lease intangibles to expense over the remaining initial term of each lease. No amortization period for intangibles will exceed the remaining depreciable life of the building.

	Cash and Cash Equivalents

	We consider all short-term, highly-liquid investments that are both readily convertible to cash and have a maturity of generally three months or less at the time of purchase to be cash equivalents, where applicable. Items classified as cash equivalents include commercial paper and money-market funds, where applicable. Our cash and cash equivalents are held in the custody of one financial institution. These balances, at times, may exceed federally-insurable limits. We will seek to mitigate this risk by depositing funds only with major financial institutions.

	Revenue Recognition

	We lease real estate to others on a triple-net leased basis whereby the tenant is generally responsible for all operating expenses relating to the property, including property taxes, insurance, maintenance, repairs, renewals and improvements. We charge expenditures for maintenance and repairs, including routine betterments, to operations as incurred. We capitalize any significant renovations that increase the useful life of the properties.

	Our lease provides for scheduled rent increases each year. For 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 lease and charge expenses to operations as incurred.

	Depreciation

	We compute depreciation of the building and its related improvements using the straight-line method over the estimated remaining useful life of the property or improvements, which is 40 years and ten years, respectively.

	Fair Value Measurements

	The fair value of an asset is defined as the exit price, which is the amount that would either be received when an asset is sold or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-tier fair value hierarchy based on the inputs used in measuring fair value. These tiers are: Level 1, for which quoted market prices for identical instruments are available in active markets, such as money market funds, equity securities and U.S. Treasury securities; Level 2, for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument, such as certain derivative instruments including an interest rate cap and swaps; and Level 3, for securities and other derivative assets that do not fall into Level 1 or Level 2 and for which little or no market data exists, therefore requiring us to develop our own assumptions. Our debt and deferred acquisition fees payable, which we have classified as Level 3, had carrying values that approximated their fair values at September 30, 2013.

	Income Taxes

	We intend to qualify as a REIT under Sections 856 through 860 of the Code beginning with our taxable year ending December 31, 2013. In order to maintain our qualification as a REIT, we will be required to, among other things, distribute at least 90.0% of our REIT taxable income to our stockholders and meet certain tests regarding the nature of our income and assets. Under the Code, REITs are subject to numerous organizational and operational requirements including limitations on certain types of gross income. As a REIT, we generally will not be subject to U.S. federal income tax on income that we distribute to stockholders. If we fail to qualify for taxation as a REIT for any taxable year, our income will be taxed at regular corporate rates, and we may not be able to qualify for treatment as a REIT for that year and the next four years. Even if we qualify as a REIT for U.S. federal income tax purposes, we may be subject to federal, state, local, and foreign taxes on our income and property and to income and excise taxes on our U.S. undistributed income.

	In the future, we may elect to treat one or more of our corporate subsidiaries as a taxable REIT subsidiary (“TRS”). 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.

	Organization and Offering Costs

	The advisor has paid various organization and offering costs on our behalf, all of which we are liable for under the advisory agreement (see Note 3). During the offering period, costs incurred in connection with the raising of capital will be accrued as deferred offering costs. Upon receipt of offering proceeds, we will charge the deferred costs to stockholders’ equity and will reimburse the advisor for costs incurred. Such reimbursements will not exceed regulatory cost limitations. Organization costs were expensed as incurred and are included in general and administrative expenses in the consolidated financial statements. We have recorded a liability to the advisor for all of organization and offering costs incurred by the advisor based on our estimate of expected gross offering proceeds (Note 3).

	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.

Agreements_and_Transactions_wi

Agreements and Transactions with Related Parties	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Agreements and Transactions with Related Parties	'
	Note 3. Agreements and Transactions with Related Parties

	On May 7, 2013, we entered into an advisory agreement with the advisor to perform certain services for us under a fee arrangement, including the identification, evaluation, negotiation, purchase, and disposition of real estate and related assets and mortgages loans, day-to-day management, and the performance of certain administrative duties. The term of the advisory agreement is through September 30, 2014 and is scheduled to renew annually thereafter.

	The following tables present a summary of fees we paid and expenses we reimbursed to the advisor and other affiliates in accordance with the terms of the related agreements:


		Three Months Ended September 30, 2013		Nine Months Ended September 30, 2013
	Amounts Included in the Consolidated Statements of Operations:
	Organization costs	$	—	$	65,240

	Interest expense on Note payable to affiliate	33,888		33,888

	Asset management fees	31,916		31,916

	Shareholder servicing fee	3,387		3,387

		$	69,191	$	134,431


	Transaction Fees Capitalized:
	Current acquisition fees	$	1,442,238	$	1,442,238

	Deferred acquisition fees	1,153,790		1,153,790

		$	2,596,028	$	2,596,028


				30-Sep-13
	Amounts Due to Affiliate:
	Organization and offering costs due to the advisor			$	3,998,725

	Deferred acquisition fees due to the advisor			1,153,790

	Asset management fees due to the advisor			23,571

	Interest due to affiliate			33,888

	Other			133,378

				$	5,343,352


	Note Payable to Affiliate:			30-Sep-13
	Loan from W. P. Carey			$	15,000,000



	Organization and Offering Costs

	Pursuant to the advisory agreement with the advisor, we are liable for certain expenses related to our initial public offering, which include filing, legal, accounting, printing, advertising, transfer agent, and escrow fees, and are to be deducted from the gross proceeds of the offering (Note 2). We will reimburse Carey Financial or selected dealers for reasonable bona fide due diligence expenses incurred that are supported by a detailed and itemized invoice. The total underwriting compensation to Carey Financial and selected dealers in connection with the offering cannot exceed limitations prescribed by the Financial Industry Regulatory Authority, Inc. The advisor has agreed to be responsible for the repayment of organization and offering expenses (excluding selling commissions and dealer manager fees paid to Carey Financial and selected dealers and fees paid and expenses reimbursed to selected dealers) that exceed in the aggregate 4.0% of the gross proceeds from the initial public offering if the gross proceeds are less than $500,000,000, 2.0% of the gross proceeds from the initial public offering if the gross proceeds are $500,000,000 or more but less than $750,000,000, and 1.5% of the gross proceeds from the initial public offering if the gross proceeds are $750,000,000 or more. Reimbursement of such costs was contingent on the commencement of the offering, which occurred on May 7, 2013, and raising the minimum offering amount of $2,000,000, which occurred on July 25, 2013. During the nine months ended September 30, 2013, the advisor paid organization costs of $65,240 and offering costs of $3,933,485 on our behalf. We have recorded a liability to the advisor for all of these costs based on our estimate of expected gross offering proceeds.

	Loan from W. P. Carey

	Our Board of Directors and the board of directors of W. P. Carey have approved unsecured loans from W. P. Carey to us of up to $100,000,000, in the aggregate, at a rate of the London inter-bank offered rate (“LIBOR”) plus 1.75%, for the purpose of facilitating acquisitions approved by our investment committee, with any loans to be made solely at the discretion of the management of W. P. Carey. On August 20, 2013, our Operating Partnership borrowed $15,000,000 from W. P. Carey at a rate of 30-day LIBOR plus 1.75%, which is the same rate that W. P. Carey pays on its credit facility, and a maturity date of August 20, 2014. The interest expense on this note payable to our affiliate is included in Interest expense on the consolidated statements of operations. These funds were used to acquire a 50% controlling interest in the jointly-owned investment with an affiliate described in Note 4. On October 4, 2013, this note was repaid in full with accrued interest thereon (Note 9).

	Asset Management Fees

	Pursuant to the advisory agreement, the advisor will be entitled to an annual asset management fee ranging from 0.5% to 1.5%, depending on the type of investment and based on the average market value or average equity value, as applicable, of our investments. The asset management fees are payable in cash or shares of our Class A common stock at the option of the advisor. If the advisor elects to receive all or a portion of its fees in shares, the number of shares issued is determined by dividing the dollar amount of fees by our most recently published net asset value per share (“NAV”) or, if an NAV has not yet been published, as currently is the case, $10.00 per share, which is the price at which our Class A shares are being sold in our initial public offering. For 2013, the advisor elected to receive its asset management fees in shares of our Class A common stock. At September 30, 2013, the advisor owned 24,057 shares (1.1%) of our outstanding Class A common stock. Asset management fees are included in Property expenses in the consolidated statements of operations.

	Dealer Manager Fees

	On May 7, 2013, we entered into a dealer manager agreement with Carey Financial, whereby Carey Financial receives a selling commission, depending on the class of common stock sold, of $0.70 and $0.14 per share sold and a dealer manager fee of $0.30 and $0.21 per share sold for the Class A and Class C common stock, respectively.

Carey Financial will also receive an annual distribution and shareholder servicing fee in connection with sales of our Class C common stock. The amount of the shareholder servicing fee will be 1.0% of the selling price per share (or, once reported, the amount of our estimated NAV per share) for the Class C common stock in our initial public offering. The shareholder servicing fee accrues daily and is payable quarterly in arrears. We will no longer incur the shareholder servicing fee beginning on the date at which, in the aggregate, underwriting compensation from all sources, including the shareholder servicing fee, any organizational and offering fee paid for underwriting and underwriting compensation paid by W. P. Carey and its affiliates, equals 10.0% of the gross proceeds from our initial public offering. The shareholder servicing fee for both the three and nine months ended September 30, 2013 was $3,387 and is included in “Other” within due to affiliates in the table above and did not reach the threshold described above. The shareholder servicing fee for both the three and nine months ended September 30, 2013 is also included in General and administrative on the consolidated statements of operations.

Acquisition and Disposition Fees

The advisor will receive acquisition fees, a portion of which is payable upon acquisition and a portion that is subordinated to a preferred return. The initial acquisition fee and subordinated acquisition fee are 2.5% and 2.0%, respectively, of the aggregate total cost of our portion of each investment for all investments other than those in readily-marketable real estate securities purchased in the secondary market, for which the advisor will not receive any acquisition fees. The total acquisition fees to be paid (initial and subordinated, and including interest thereon) will not exceed 6.0% of the aggregate contract purchase price of all investments and loans. In addition, pursuant to the advisory agreement, the advisor may be entitled to receive a disposition fee in an amount equal to the lesser of (i) 50.0% of the competitive real estate commission (as defined in the advisory agreement) or (ii) 3.0% of the contract sales price of the investment being sold. During the three and nine months ended September 30, 2013, we recorded $1,153,790 of deferred acquisition fees for our portion of the fees due to the advisor upon the consummation of the State Farm acquisition (Note 4), which are scheduled to be paid in three equal annual installments commencing in the fourth quarter of 2013. The State Farm acquisition is a jointly-owned investment with CPA®:17 – Global.

Excess Operating Expenses

The advisory agreement provides that, for any four trailing quarters (with quoted variables as defined in the advisory agreement), “operating expenses” may not exceed the greater of 2.0% of our “average invested assets” or 25.0% of our “adjusted net income.” During the three months ended June 30, 2013, the advisor charged us $76,585 for operating expenses, which we charged back to the advisor for excess operating expenses pursuant to the limitation described above. We may, however, become liable for these costs in the future if our results improve or our invested assets increase substantially. For the three months ended September 30, 2013, our operating expenses were below the 2.0%/25.0% threshold.

Available Cash Distributions

CPA®:18 Holdings interest in the Operating Partnership entitles it to receive distributions of 10.0% of Available Cash, as defined in the partnership agreement, generated by the Operating Partnership, subject to certain limitations. To date, there have been no distributions of Available Cash by the Operating Partnership.

Net_Investments_in_Properties

Net Investments in Properties	9 Months Ended
	Sep. 30, 2013
Real Estate [Abstract]	'
Net Investments in Properties	'
	Note 4. Net Investment in Properties

	Acquisition

	On August 20, 2013 we acquired a 50% controlling interest in a jointly-owned investment, which is co-owned by CPA®:17 – Global and on that date purchased an office facility from the State Farm Mutual Automobile Company (“State Farm”) located in Austin, Texas. The total cost was $115,604,253, including net lease intangible assets of $15,799,325 (Note 5) and transaction costs of $5,604,253 that were capitalized. CPA®:17 – Global’s investment was $18,920,532, which we account for as a noncontrolling interest. Our portion of the purchase price was funded, in part, by a $15,000,000 loan from W. P. Carey (Note 3). This transaction was deemed to be a real estate asset acquisition because we entered into a new lease with the seller/lessee. The acquired facility consists of a 479,411 square-foot building that is located on 83.5 acres of land. The new lease has been classified as an operating lease and has an initial term of 15 years with two five-year renewal options. The jointly-owned investment obtained a $72,800,000 mortgage loan upon acquisition of this property (Note 6).

	Real estate, which consists of land and buildings leased to others under an operating lease and is carried at cost, is summarized as follows:


		30-Sep-13
	Land	$	29,215,472

	Building	62,595,789

	Building improvements	5,397,639

	Less: Accumulated depreciation	(243,280		)
		$	96,965,620


	Scheduled future minimum rents, exclusive of renewals and expenses paid by the tenant, under our non-cancelable operating lease are as follows:


	Years Ending December 31,		Total
	2013 (remainder)		$	1,751,327

	2014		7,004,308

	2015		7,144,392

	2016		7,287,284

	2017		7,433,028

	Thereafter (through 2028)		89,137,876

	Total		$	119,758,215

Intangible_Assets_and_Liabilit

Intangible Assets and Liabilities	9 Months Ended
	Sep. 30, 2013
Intangible Assets and Liabilities [Abstract]	'
Intangible Assets and Liabilities	'
	Note 5. Intangible Assets and Liabilities

	In connection with the acquisition of our property (Note 4), we have recorded net lease intangibles that are being amortized over 15 years. Below-market rent intangibles are included in Prepaid and deferred rental income on the consolidated balance sheets.

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


		30-Sep-13
		Weighted-Average		Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
		Life
	Amortizable Intangible Assets
	Lease intangibles:
	In-place lease	15		$	17,446,153		$	(134,442	)	$	17,311,711


	Amortizable Intangible Liabilities
	Below-market rent	15		$	(1,646,828	)	$	12,691		$	(1,634,137	)


	Net amortization of intangibles was $134,442 for both the three and nine months ended September 30, 2013. Amortization of below-market rent is recorded as an adjustment to Rental income.

	Based on the intangible assets and liabilities recorded at September 30, 2013, scheduled annual net amortization for the remainder of 2013, each of the next four calendar years following December 31, 2013, and thereafter is as follows:


	Years Ending December 31,		Total
	2013 (remainder)		$	263,322

	2014		1,053,288

	2015		1,053,288

	2016		1,053,288

	2017		1,053,288

	Thereafter (through 2028)		11,201,100

	Total		$	15,677,574

Nonrecourse_Debt

Non-recourse Debt	9 Months Ended
Non-recourse Debt	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Non-Recourse Debt	'
	Note 6. Non-Recourse Debt

	We obtained a mortgage loan of $72,800,000 from an unrelated third party in connection with the acquisition of the property leased to State Farm (Note 4) with payments that are interest-only until its maturity date on September 10, 2023. The loan is non-recourse and has a fixed annual interest rate of 4.5%. We capitalized $220,183 of deferred financing costs related to this loan. During both the three and nine months ended September 30, 2013, we incurred $382,106 of interest expense related to this loan.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Note 7. Commitments and Contingencies

	At September 30, 2013, we were not involved in any litigation.

Loss_Per_Share_and_Equity

Loss Per Share and Equity	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Loss Per Share and Equity	'
	Note 8. Loss Per Share and Equity

	The following tables depict loss per share for the periods presented:


		Three Months Ended September 30, 2013

		Weighted-Average	Allocation of Net Loss (a)			Loss
		Shares Outstanding				Per Share
	Class A common stock	616,292	$	(108,611	)	$	(0.18	)

	Class C common stock	149,294	(29,698		)	$	(0.20	)

	Net loss attributable to CPA®:18 – Global stockholders		$	(138,309	)



		Nine Months Ended September 30, 2013
		Weighted-Average	Allocation of Net Loss (a)			Loss
		Shares Outstanding				Per Share
	Class A common stock	223,085	$	(163,329	)	$	(0.73	)

	Class C common stock	50,311	(40,221		)	$	(0.80	)

	Net loss attributable to CPA®:18 – Global stockholders		$	(203,550	)

	__________

	(a)	The allocation of Net loss attributable to CPA®:18 – Global stockholders is calculated based on the weighted-average shares outstanding for Class A common stock and Class C common stock for the three and nine months ended September 30, 2013. The allocation for the Class A common stock excludes the shareholder servicing fee of $3,387 that is only applicable to holders of Class C common stock (Note 3).

	Subsequent to September 30, 2013 and through October 31, 2013, we issued an additional 3,702,071 shares of Class A common stock and an additional 1,299,385 shares of Class C common stock in our initial public offering.

	Stock-Based Compensation

	We issued 1,851 shares of Class A common stock to each of our four independent directors during the three months ended September 30, 2013, value at $9.00 per share, as part of their director compensation. For both the three and nine months ended September 30, 2013, we recognized stock-based compensation expense of $66,666 associated with the issuance of these shares.

	Distributions Declared

	Daily distributions on our shares began to accrue once subscription proceeds for our common stock reached the minimum offering amount of $2,000,000 and we began admitting stockholders on July 25, 2013. On June 19, 2013, our Board of Directors declared distributions at a daily rate of $0.0016983 for the Class A common stock and $0.0014442 for the Class C common stock for the quarter ending September 30, 2013, which were paid on October 15, 2013 to stockholders of record on each day of the quarter. At September 30, 2013, we had distributions payable of $115,180.

	On September 18, 2013, our Board of Directors declared distributions at a daily rate of $0.0016983 for the Class A common stock and $0.0014442 for the Class C common stock for the quarter ending December 31, 2013, payable on or about January 15, 2014 to stockholders of record on each day of the quarter.

	Distributions are declared at the discretion of our Board of Directors and are not guaranteed. Until we substantially invest the net proceeds of our initial public offering, distributions will be paid from offering proceeds, which reduces amounts available to invest in properties and could lower our overall return.

Subsequent_Event

Subsequent Event	9 Months Ended
Subsequent Event	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Event	'
	Note 9. Subsequent Event

	On October 4, 2013, we repaid in full the $15,000,000 loan from W. P. Carey and the related accrued interest (Note 3). This loan, which was scheduled to mature on August 20, 2014, had been outstanding since August 20, 2014 and was obtained in order to facilitate our first acquisition (Note 4).

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	9 Months Ended
Basis of Presentation (Policies)	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation, Policy	'
	Basis of Presentation

	Our interim consolidated financial statements have been prepared, without audit, in accordance with the instructions to Form 10-Q and therefore do not necessarily include all information and footnotes necessary for a fair statement of our consolidated financial position, results of operations and cash flows in accordance with accounting principles generally accepted in the U.S. (“GAAP”).

	In the opinion of management, the unaudited consolidated financial information for the interim periods presented in this Report reflects all normal and recurring adjustments necessary for a fair statement of results of operations, financial position and cash flows. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year.

	We had no operating activity prior to April 8, 2013 and acquired our first investment on August 20, 2013.
Basis of Consolidation, Policy	'
	Basis of Consolidation

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

	When we obtain an economic interest in an entity, we evaluate the entity to determine if it is a variable interest entity (“VIE”) or voting interest entity (“VOE”) and, if so, whether we are the primary beneficiary and are therefore required to consolidate the entity. We performed an analysis of all of our subsidiary entities to determine whether they qualify as VIEs and whether they should be consolidated or accounted for as equity investments in an unconsolidated venture.

	Based on our evaluation, we determined that our Operating Partnership was not a VIE but should be consolidated as we control all decisions regarding our Operating Partnership. We account for the 0.015% interest held by CPA®:18 Holdings in the Operating Partnership as a noncontrolling interest. On August 20, 2013, we entered into a jointly-owned investment with our affiliate, CPA®:17 – Global (Note 4). We have concluded that this subsidiary is a VOE and will be consolidated by us as we are the managing member and the non-managing member does not have substantive participating or “kick-out” rights.
Purchase Price Allocation, Policy	'
	Purchase Price Allocation

	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. We determine the value of the tangible assets, consisting of land and buildings, as if vacant, and record intangible assets, including the above-market and below-market value of leases (where applicable), and the value of in-place leases, at their estimated fair values. Land is typically valued utilizing the sales comparison (or market approach). Buildings, as if vacant, are valued using the cost and/or income approach. Site improvements are valued using the cost approach. The fair value of real estate is determined 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 the estimated residual value of each property from a hypothetical sale of the property upon expiration after considering the re-tenanting of such property at estimated then current market rental rate, at a selected capitalization rate and deducting estimated costs of sale. The proceeds from a hypothetical sale are derived by capitalizing the estimated net operating income of each property for the year following lease expiration at an estimated residual capitalization rate. The discount rates and residual capitalization rates used to value the properties are selected based on several factors, including the credit worthiness of the lessees, industry surveys, property type, 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 materially favorable to the tenant, or the tenant has long-term renewal options at rental rates below estimated market rental rates, the appraisal assumes the exercise of such purchase option or long-term renewal options in its determination of residual value. Where a property is deemed to have excess land, the discounted cash flow analysis includes the estimated excess land value at the assumed expiration of the lease, based upon an analysis of comparable land sales or listings in the general market area of the property growing at estimated market growth rates through the year of lease expiration. For those properties that are under contract for sale, the appraised value of the portfolio reflects the current contractual sale price of such properties. See Revenue Recognition and Depreciation below for a discussion of our significant accounting policies related to tangible assets. We include the value of below-market leases in Prepaid and deferred rental income in the consolidated balance sheets.

	We record above-market and below-market lease values for owned properties, where applicable, based on the present value (using a discount rate reflecting the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the leases negotiated and 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 a period equal to the estimated lease term, which includes renewal options with rental rates below estimated market rental rates. We amortize the capitalized above-market lease value, where applicable, as a reduction of rental income over the estimated market lease term. We amortize the capitalized below-market lease value as an increase to rental income over the estimated lease term and any fixed-rate renewal periods in the respective leases.

	The value of any in-place lease is estimated to be equal to the property owner’s avoidance of costs necessary to lease the property for a term equal to the remaining primary in-place lease term and the value of investment grade tenancy. The cost avoidance to the property owners of vacancy and leasing costs necessary to lease the property for a lease term equal to the remaining in-place lease term 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 was 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 improvement allowances. We determine these values using our estimates or by relying in part upon third-party appraisals. We amortize the capitalized value of in-place lease intangibles to expense over the remaining initial term of each lease. No amortization period for intangibles will exceed the remaining depreciable life of the building.
Cash and Cash Equivalents, Policy	'
	Cash and Cash Equivalents

	We consider all short-term, highly-liquid investments that are both readily convertible to cash and have a maturity of generally three months or less at the time of purchase to be cash equivalents, where applicable. Items classified as cash equivalents include commercial paper and money-market funds, where applicable. Our cash and cash equivalents are held in the custody of one financial institution. These balances, at times, may exceed federally-insurable limits. We will seek to mitigate this risk by depositing funds only with major financial institutions.
Revenue Recognition, Policy	'
	Revenue Recognition

	We lease real estate to others on a triple-net leased basis whereby the tenant is generally responsible for all operating expenses relating to the property, including property taxes, insurance, maintenance, repairs, renewals and improvements. We charge expenditures for maintenance and repairs, including routine betterments, to operations as incurred. We capitalize any significant renovations that increase the useful life of the properties.

	Our lease provides for scheduled rent increases each year. For 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 lease and charge expenses to operations as incurred.
Depreciation, Policy	'
	Depreciation

	We compute depreciation of the building and its related improvements using the straight-line method over the estimated remaining useful life of the property or improvements, which is 40 years and ten years, respectively.
Fair Value of Financial Instruments, Policy	'
	Fair Value Measurements

	The fair value of an asset is defined as the exit price, which is the amount that would either be received when an asset is sold or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-tier fair value hierarchy based on the inputs used in measuring fair value. These tiers are: Level 1, for which quoted market prices for identical instruments are available in active markets, such as money market funds, equity securities and U.S. Treasury securities; Level 2, for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument, such as certain derivative instruments including an interest rate cap and swaps; and Level 3, for securities and other derivative assets that do not fall into Level 1 or Level 2 and for which little or no market data exists, therefore requiring us to develop our own assumptions. Our debt and deferred acquisition fees payable, which we have classified as Level 3, had carrying values that approximated their fair values
Income Taxes, Policy	'
	Income Taxes

	We intend to qualify as a REIT under Sections 856 through 860 of the Code beginning with our taxable year ending December 31, 2013. In order to maintain our qualification as a REIT, we will be required to, among other things, distribute at least 90.0% of our REIT taxable income to our stockholders and meet certain tests regarding the nature of our income and assets. Under the Code, REITs are subject to numerous organizational and operational requirements including limitations on certain types of gross income. As a REIT, we generally will not be subject to U.S. federal income tax on income that we distribute to stockholders. If we fail to qualify for taxation as a REIT for any taxable year, our income will be taxed at regular corporate rates, and we may not be able to qualify for treatment as a REIT for that year and the next four years. Even if we qualify as a REIT for U.S. federal income tax purposes, we may be subject to federal, state, local, and foreign taxes on our income and property and to income and excise taxes on our U.S. undistributed income.

	In the future, we may elect to treat one or more of our corporate subsidiaries as a taxable REIT subsidiary (“TRS”). 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.
Organization and Offering Cost, Policy	'
	Organization and Offering Costs

	The advisor has paid various organization and offering costs on our behalf, all of which we are liable for under the advisory agreement (see Note 3). During the offering period, costs incurred in connection with the raising of capital will be accrued as deferred offering costs. Upon receipt of offering proceeds, we will charge the deferred costs to stockholders’ equity and will reimburse the advisor for costs incurred. Such reimbursements will not exceed regulatory cost limitations. Organization costs were expensed as incurred and are included in general and administrative expenses in the consolidated financial statements.
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.

Agreements_and_Transactions_wi1

Agreements and Transactions with Related Parties (Tables)	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Schedule of Related Party Transactions	'
	The following tables present a summary of fees we paid and expenses we reimbursed to the advisor and other affiliates in accordance with the terms of the related agreements:


		Three Months Ended September 30, 2013		Nine Months Ended September 30, 2013
	Amounts Included in the Consolidated Statements of Operations:
	Organization costs	$	—	$	65,240

	Interest expense on Note payable to affiliate	33,888		33,888

	Asset management fees	31,916		31,916

	Shareholder servicing fee	3,387		3,387

		$	69,191	$	134,431


	Transaction Fees Capitalized:
	Current acquisition fees	$	1,442,238	$	1,442,238

	Deferred acquisition fees	1,153,790		1,153,790

		$	2,596,028	$	2,596,028


				30-Sep-13
	Amounts Due to Affiliate:
	Organization and offering costs due to the advisor			$	3,998,725

	Deferred acquisition fees due to the advisor			1,153,790

	Asset management fees due to the advisor			23,571

	Interest due to affiliate			33,888

	Other			133,378

				$	5,343,352


	Note Payable to Affiliate:			30-Sep-13
	Loan from W. P. Carey			$	15,000,000

Net_Investments_in_Properties_

Net Investments in Properties (Tables)	9 Months Ended
	Sep. 30, 2013
Real Estate [Abstract]	'
Schedule of Real Estate Properties	'
	Real estate, which consists of land and buildings leased to others under an operating lease and is carried at cost, is summarized as follows:


		30-Sep-13
	Land	$	29,215,472

	Building	62,595,789

	Building improvements	5,397,639

	Less: Accumulated depreciation	(243,280		)
		$	96,965,620

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	'
	Scheduled future minimum rents, exclusive of renewals and expenses paid by the tenant, under our non-cancelable operating lease are as follows:


	Years Ending December 31,		Total
	2013 (remainder)		$	1,751,327

	2014		7,004,308

	2015		7,144,392

	2016		7,287,284

	2017		7,433,028

	Thereafter (through 2028)		89,137,876

	Total		$	119,758,215

Intangible_Assets_and_Liabilit1

Intangible Assets and Liabilities (Tables)	9 Months Ended
Intangible Assets and Liabilities (Tables)	Sep. 30, 2013
Intangible Assets and Liabilities [Abstract]	'
Schedule Of Intangible Assets and Liabilities	'
	Intangible assets and liabilities are summarized as follows (life in years):


		30-Sep-13
		Weighted-Average		Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
		Life		Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
	Amortizable Intangible Assets
	Lease intangibles:
	In-place lease	15		$	17,446,153		$	(134,442	)	$	17,311,711
	In-place lease	15		$	17,446,153		$	(134,442	)	$	17,311,711

	Amortizable Intangible Liabilities
	Below-market rent	15		$	(1,646,828	)	$	12,691		$	(1,634,137	)
	Below-market rent	15		$	(1,646,828	)	$	12,691		$	(1,634,137	)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	'
	Based on the intangible assets and liabilities recorded at September 30, 2013, scheduled annual net amortization for the remainder of 2013, each of the next four calendar years following December 31, 2013, and thereafter is as follows:


	Years Ending December 31,		Total
	2013 (remainder)		$	263,322
	2013 (remainder)		$	263,322
	2014		1,053,288
	2014		1,053,288
	2015		1,053,288
	2015		1,053,288
	2016		1,053,288
	2016		1,053,288
	2017		1,053,288
	2017		1,053,288
	Thereafter (through 2028)		11,201,100
	Thereafter (through 2028)		11,201,100
	Total		$	15,677,574
	Total		$	15,677,574

Loss_Per_Share_and_Equity_Tabl

Loss Per Share and Equity (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share	'
	The following tables depict loss per share for the periods presented:


		Three Months Ended September 30, 2013

		Weighted-Average	Allocation of Net Loss (a)			Loss
		Shares Outstanding				Per Share
	Class A common stock	616,292	$	(108,611	)	$	(0.18	)

	Class C common stock	149,294	(29,698		)	$	(0.20	)

	Net loss attributable to CPA®:18 – Global stockholders		$	(138,309	)



		Nine Months Ended September 30, 2013
		Weighted-Average	Allocation of Net Loss (a)			Loss
		Shares Outstanding				Per Share
	Class A common stock	223,085	$	(163,329	)	$	(0.73	)

	Class C common stock	50,311	(40,221		)	$	(0.80	)

	Net loss attributable to CPA®:18 – Global stockholders		$	(203,550	)

	__________

	(a)	The allocation of Net loss attributable to CPA®:18 – Global stockholders is calculated based on the weighted-average shares outstanding for Class A common stock and Class C common stock for the three and nine months ended September 30, 2013. The allocation for the Class A common stock excludes the shareholder servicing fee of $3,387 that is only applicable to holders of Class C common stock (Note 3).

Business_Narratives_Details

Business (Narratives) (Details) (USD $)

9 Months Ended

0 Months Ended

Sep. 30, 2013

Jul. 28, 2013

7-May-13

Apr. 08, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 29, 2013

7-May-13

Apr. 08, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 29, 2013

Sep. 30, 2013

7-May-13

Apr. 08, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 29, 2013

Jul. 03, 2013

Sep. 29, 2013

Dec. 14, 2012

Sep. 13, 2012

Apr. 08, 2013

Class A common stock

Class C common stock

CPA 18 Holdings

Carey REIT II

Subsequent event

Public Offering

Capital interest ownership in operating partnership

99.99%

Special general partner interest

0.02%

Cash receipts for special general partnership interest

$209,000

Common stock, shares issued

1,771,353

3,702,071

348,441

1,299,385

22,222

1,000

Common stock, par value

$0.00

Proceeds from issuance of shares, net of issuance costs

18,074,861

200,000

9,000

Per share transaction price

Common stock, shares authorized

320,000,000

80,000,000

Preferred stock, authorized

50,000,000

Common stock shares maximum offering

1,000,000,000

Common stock, par value on public offering date

$10

$9.35

Stock authorized during period share value dividend reinvestment plan

400,000,000

Common stock, par or stated value per share, pursuant to DRIP

$9.60

$8.98

Initial minimum offering amount

2,000,000

Cumulative funds from offering

$50,247,946

$15,389,115

Basis_of_Presentation_Narrativ

Basis of Presentation (Narratives) (Details)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 29, 2013
	Building	Building Improvements	CPA 18 Holdings
Basis of Presentation	'	'	'
Special general partner interest	'	'	0.02%
Property plant and equipment useful life	'40 years	'10 years	'

Agreements_and_Transactions_wi2

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

3 Months Ended

9 Months Ended

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2013

Aug. 20, 2013

Jul. 28, 2013

Sep. 30, 2013

Sep. 29, 2013

Dec. 31, 2012

Sep. 30, 2013

7-May-13

Dec. 31, 2012

Sep. 30, 2013

Current

Deferred

Class A common stock

Class C common stock

Real estate commission

Average invested asset

Adjusted net income

Contract sales price of investment

LIBOR

Minimum

Maximum

Scenario One

Scenario Two

Scenario Three

Advisor

Unsecured Loan

August 20th Loan

Average market value of investment

Cpa 18 Holdings

Average equity value of investment

Maximum

Minimum

Maximum

Minimum

Related Party Transaction [Line Items]

Contributions from non controlling interest

$18,920,532

Aggregate Gross Proceeds From Offering Threshold

4.00%

2.00%

1.50%

Potential Gross Proceeds from Issuance Initial Public Offering

500,000,000

750,000,000

Initial minimum offering amount

2,000,000

Deferred offering costs

3,933,485

Line of Credit

Maximum line of credit approved by directors

100,000,000

Debt, variable rate spread

1.75%

Line of credit, outstanding

15,000,000

Debt Instrument, Maturity Date

20-Aug-14

Ownership interest in jointly-owned investment

50.00%

Percentage of asset management fees

0.50%

1.50%

Common Stock Initial Public Offering Par Or Stated Value Per Share

$10

$9.35

Number of shares held by advisor

1,771,353

24,057

348,441

Advisor owned percentage of common stock

1.10%

Due to Related Party

Selling commission per share sold

$0.70

$0.14

Dealer manager fee per share sold

$0.30

$0.21

Shareholder servicing fee

1.00%

Shareholder Servicing Fee Payment Threshold

10.00%

Shareholder servicing fee

3,387

Percentage of acquisition fees

2.50%

2.00%

6.00%

Percentage of subordinated disposition fees

50.00%

3.00%

Deferred acquisition fees due to the advisor

1,153,790

Percentage of operating expense reimbursement

2.00%

25.00%

Excess operating expense charge back

$76,585

Agreements_and_Transactions_wi3

Agreements and Transactions with Related Parties (Details 1) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Aug. 20, 2013	Dec. 31, 2012
Amounts Included in the Consolidated Statements of Operations:	'	'	'	'
Organization costs	$0	$65,240	'	'
Interest expense on Note payable to affiliate	33,888	33,888	'	'
Asset management fees	31,916	31,916	'	'
Shareholder servicing fee	3,387	3,387	'	'
Operating expenses	69,191	134,431	'	'
Transaction Fees Capitalized:	'	'	'	'
Current acquisition fees	1,442,238	1,442,238	'	'
Deferred acquisition fees	1,153,790	1,153,790	'	'
Transaction fees incurred	2,596,028	2,596,028	'	'
Amounts Due to Affiliate:	'	'	'	'
Organization and offering costs due to the advisor	3,998,725	3,998,725	'	'
Deferred acquisition fees due to the advisor	1,153,790	1,153,790	'	'
Asset management fees due to the advisor	23,571	23,571	'	'
Interest due to affiliate	33,888	33,888	'	'
Other	133,378	133,378	'	'
Due to affiliates	5,343,352	5,343,352	'	0
Loan from W. P. Carey	'	'	$15,000,000	'

Net_Investments_in_Properties_1

Net Investments in Properties (Narratives) (Details) (USD $)	0 Months Ended	3 Months Ended	9 Months Ended
	Aug. 20, 2013	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
Acqusition	'	'	'	'
Ownership interest in jointly-owned investment	50.00%	'	'	'
Acquisition-related cost and fees, capitalized	'	$2,596,028	$2,596,028	'
Contributions from non controlling interest	'	'	18,920,532	'
Line of credit, outstanding	15,000,000	'	'	'
Lease Term	'15 years	'	'	'
Non-recourse debt	'	72,800,000	72,800,000	0
State Farm Mutual Automobile Company	'	'	'	'
Acqusition	'	'	'	'
Investment purchase price	115,604,253	'	'	'
Acquired finite lived intangible assets, amount	15,799,325	'	'	'
Acquisition-related cost and fees, capitalized	5,604,253	'	'	'
Area of real estate property	479,411	'	'	'
Area of land	83.5	'	'	'
Joint Venture \| State Farm Mutual Automobile Company	'	'	'	'
Acqusition	'	'	'	'
Non-recourse debt	$72,800,000	'	'	'

Net_Investments_in_Properties_2

Net Investments in Properties (Details 1) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Investments in properties:	'	'
Land	$29,215,472	'
Building	62,595,789	'
Building improvements	5,397,639	'
Accumulated depreciation	-243,280	0
Net investments in properties	$96,965,620	$0

Net_Investments_in_Properties_3

Net Investments in Properties (Details 2) (USD $)	Sep. 30, 2013
Operating Leases, Future Minimum Payments Receivable [Abstract]	'
2013 (remainder)	$1,751,327
2014	7,004,308
2015	7,144,392
2016	7,287,284
2017	7,433,028
Thereafter (through 2028)	89,137,876
Total	$119,758,215

Intangible_Assets_and_Liabilit2

Intangible Assets and Liabilities (Narratives) (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013
Acquired Finite-Lived Intangible Assets Liabilities	'	'
Finite-lived intangible asset, useful life	'	'15 years
Net amortization of intangibles	$134,442	$134,442
In-place lease	'	'
Acquired Finite-Lived Intangible Assets Liabilities	'	'
Finite-lived intangible asset, useful life	'	'15 years

Intangible_Assets_and_Liabilit3

Intangible Assets and Liabilities (Details 1) (USD $)	9 Months Ended
Intangible Assets and Liabilities (Details 1) (USD $)	Sep. 30, 2013
Amortizable Intangible Assets	'
Finite-lived intangible asset, useful life	'15 years
Below-market rent	'
Amortizable Intangible Liability	'
Finite lived intangible liability, useful life	'15 years
Finite-Lived Intangible Liabilities, Gross	-1,646,828
Finite Lived Intangible Liabilities Accumulated Amortization	12,691
Finite Lived Intangible Liabilities Net	-1,634,137
In-place lease	'
Amortizable Intangible Assets	'
Finite-lived intangible asset, useful life	'15 years
Finite-lived intangible assets, gross	17,446,153
Less: accumulated amortization	-134,442
Finite-lived intangible assets, net	17,311,711

Intangible_Assets_and_Liabilit4

Intangible Assets and Liabilities (Details 2) (USD $)	Sep. 30, 2013
Finite-Lived Intangible Assets and Liabilities, Future Amortization Expense	'
2013 (remainder)	$263,322
2014	1,053,288
2015	1,053,288
2016	1,053,288
2017	1,053,288
Thereafter (through 2028)	11,201,100
Total	$15,677,574

Nonrecourse_Debt_Narratives_De

Non-recourse Debt (Narratives) (Details) (USD $)	3 Months Ended	9 Months Ended		0 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012	Aug. 20, 2013	Sep. 30, 2013	Sep. 30, 2013
	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012	State Farm Mutual Automobile Company	State Farm Mutual Automobile Company	State Farm Mutual Automobile Company
Debt Instruments	'	'	'	'	'	'
Non-recourse debt	$72,800,000	$72,800,000	$0	'	'	'
Maturity date	'	20-Aug-14	'	10-Sep-23	'	'
Debt, weighted average interest rate	'	'	'	4.50%	'	'
Deferred financing cost, capitalized	'	'	'	220,183	'	'
Interest expense	$415,994	$415,994	'	'	$382,106	$382,106

Loss_Per_Share_and_Equity_Narr

Loss Per Share and Equity (Narratives) (Details) (USD $)

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 29, 2013

Jul. 28, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Jun. 19, 2013

Sep. 18, 2013

Sep. 30, 2013

Sep. 29, 2013

Sep. 30, 2013

Dec. 31, 2012

Jun. 19, 2013

Sep. 18, 2013

Sep. 29, 2013

Class A

Class C

Second Quarter

Third Quarter

Independent directors

Subsequent event

Second Quarter

Third Quarter

Subsequent event

Stock-based Compensation

Shareholder servicing fee incurred

$3,387

Common stock, shares issued

1,771,353

1,851

3,702,071

348,441

1,299,385

Market price, per unit

Stock-based compensation expense

66,666

Distributions Declared

Initial minimum offering amount

2,000,000

Daily distribution rate

$0.00

Distributions payable

$115,180

($115,180)

Loss_Per_Share_and_Equity_Deta

Loss Per Share and Equity (Details 1) (USD $)	3 Months Ended		9 Months Ended
Loss Per Share and Equity (Details 1) (USD $)	Sep. 30, 2013		Sep. 30, 2013
Basic	'		'
Allocation of Net Loss (a)	($138,309)	[1]	($203,550)	[1]
Shareholder servicing fee	3,387		3,387
Class A common stock	'		'
Basic	'		'
Weighted-Average Shares Outstanding	616,292		223,085
Allocation of Net Loss (a)	-108,611	[1]	-163,329	[1]
Loss Per Share (in dollars per share)	($0.18)		($0.73)
Class C common stock	'		'
Basic	'		'
Weighted-Average Shares Outstanding	149,294		50,311
Allocation of Net Loss (a)	($29,698)	[1]	($40,221)	[1]
Loss Per Share (in dollars per share)	($0.20)		($0.80)

[1]	The allocation of Net loss attributable to CPAB.:18 b Global stockholders is calculated based on the weighted-average shares outstanding for Class A common stock and Class C common stock for the three and nine months ended SeptemberB 30, 2013. The allocation for the Class A common stock excludes the shareholder servicing fee of $3,387 that is only applicable to holders of Class C common stock (Note 3).

Subsequent_Event_Narratives_De

Subsequent Event (Narratives) (Details) (USD $)	9 Months Ended	0 Months Ended
	Sep. 30, 2013	Oct. 03, 2013
		Subsequent event
		Principal
Subsequent Event	'	'
Repayment of line of credit	'	$15,000,000
Debt Instrument, Maturity Date	20-Aug-14	'