XML 49 R52.htm IDEA: XBRL DOCUMENT v2.4.0.8
Merger with CPA 15 (Details 1) (USD $)
In Thousands, unless otherwise specified
1 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Nov. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Sep. 28, 2012
CPA: 15
Dec. 31, 2012
CPA: 15
Total Consideration              
Fair value of W.P.Carey shares of common stock issued           $ 1,380,362 $ 1,380,362
Cash consideration for fractional shares 13,748 0 152,356 0   152,356 152,356
Merger consideration           1,500,000 1,532,718
Fair value of W. P. Carey & Co. LLC equity interest in CPA:15 prior to the CPA:15 Merger           107,147 107,147
Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA:15 prior to the CPA:15 Merger           54,822 54,822
Total Consideration           1,694,687 1,694,687
Assets Acquired at Fair Value              
Investments in real estate   2,353,391 2,298,123       1,762,872
Net investments in direct financing leases   363,420 376,005     315,789 315,789
Equity investments in real estate   530,020 565,626     166,247 166,247
Intangible assets           695,310 695,310
Cash and cash equivalents           (178,945) 178,945
Other assets 1,170         81,750 81,750
Assets Acquired at Fair value             3,200,913
Liabilities Assumed at Fair Value              
Non-recourse debt   (1,492,410) (1,715,397)     (1,350,755) (1,350,755)
Below-market rent intangibles (1,618)         (102,155) (102,155)
Accounts payable, accrued expenses and other liabilities           (84,640) (84,640)
Liabilities Assumed at Fair Value             (1,537,550)
Total identifiable net assets 13,748           1,663,363
Amounts attributable to noncontrolling interests           (237,359) (237,359)
Goodwill   350,208 329,132 63,607 63,607 268,683 268,683
Net acquisition             $ 1,694,687