Agreements and Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2013

The following tables present a summary of revenue earned and/or cash received from the Managed REITs, as well as from CPA^®:15 and CPA^®:14 for the periods indicated, included in the consolidated statements of income (in thousands):



	Years Ended December 31,
	2013		2012		2011
Reimbursed costs from affiliates ^(a)	$	73,592	$	97,638	$	63,940
Structuring revenue	46,589		48,355		46,831
Asset management revenue ^(a)	42,579		56,576		66,712
Dealer manager fees	10,856		19,914		11,664
Incentive, termination and subordinated disposition revenue	199		—		52,515
Distributions of Available Cash	34,121		30,009		15,535
Deferred revenue earned	8,492		8,492		5,662
Interest income on deferred acquisition fees and loans to affiliates	949		1,064		1,522
	$	217,377	$	262,048	$	264,381



	Years Ended December 31,
	2013		2012		2011
CPA^®:14 ^(b)	$	—	$	—	$	59,655
CPA^®:15 ^(c)	—		21,593		31,616
CPA^®:16 – Global ^(d)	53,166		50,929		40,695
CPA^®:17 – Global ^(e)	69,275		174,192		125,659
CPA^®:18 – Global ^(f)	29,293		—		—
CWI ^(g)	65,643		15,334		6,756
	$	217,377	$	262,048	$	264,381

___________


(a)	Excludes amounts received from third parties.


(b)	CPA^®:14 merged with and into CPA^®:16 – Global on May 2, 2011.


(c)	CPA^®:15 merged with and into us on September 28, 2012.


(d)	Upon completion of the CPA^®:16 Merger, we terminated the advisory agreement with CPA^®:16 – Global. Pursuant to the terms of the merger agreement that we entered into with CPA^®:16 – Global, we waived the incentive or termination fee that we would have been entitled to receive from CPA^®:16 – Global pursuant to the terms of the advisory agreement.


(e)	The current form of the advisory agreement with CPA^®:17 – Global is scheduled to expire on June 30, 2014, unless renewed pursuant to its terms.


(f)	The current form of the advisory agreement with CPA^®:18 – Global is scheduled to expire on September 30, 2014, unless renewed pursuant to its terms.


(g)	The current form of the advisory agreement with CWI is scheduled to expire on September 30, 2014, unless renewed pursuant to its terms.

Schedule of Balances Due to and From Related Party

The following table presents a summary of Due from affiliates (in thousands):



	December 31,
	2013		2012
Deferred acquisition fees receivable	$	19,684	$	28,654
Current acquisition fees receivable	4,149		—
Reimbursable costs	334		1,457
Organization and offering costs	2,700		4,920
Accounts receivable	3,716		182
Asset management fee receivable	1,451		789
	$	32,034	$	36,002

Reconciliation of Reedemable Securities

The following table presents a reconciliation of our Redeemable securities – related party (in thousands):



	Years Ended December 31.
	2013			2012
Beginning balance	$	40,000		$	—
Reclassification from permanent equity to temporary equity	—			85,000
Redemptions of securities	(40,000		)	(45,000		)
Ending balance	$	—		$	40,000