Goodwill and Other Intangibles (Tables)

6 Months Ended

Jun. 30, 2014

Goodwill And Intangible Assets Liabilities Disclosure [Abstract]

Schedule Of Acquired Finite Lived Intangible Assets Liabilities By Major Class

In connection with our investment activity during the six months ended June 30,2014, including primarily the properties we acquired through the CPA^®:16 Merger, we recorded net lease intangibles comprised as follows (life in years, dollars in thousands):

	Weighted-Average Life	Amount
Amortizable Intangible Assets
In-place lease	12.0	$	571,680
Above-market rent	12.3	395,824
Below-market ground lease	62.7	14,397
		$	981,901
Amortizable Intangible Liabilities
Below-market rent	17.9	$	(53,274	)
Above-market ground lease	31.5	(6,712		)
		$	(59,986	)

Schedule Of Goodwill

The following table presents a reconciliation of our goodwill (in thousands):

	Real Estate Ownership			Investment Management		Total
Balance at January 1, 2014	$	286,601		$	63,607	$	350,208
Acquisition of CPA®:16 – Global	343,960			—		343,960
Adjustments to foreign deferred taxes acquired in business combinations	7,212			—		7,212
Allocation of goodwill to the cost basis of properties sold or classified as    held-for-sale	(2,743		)	—		(2,743		)
Foreign currency translation adjustments	254			—		254
Balance at June 30, 2014	$	635,284		$	63,607	$	698,891

Schedule Of Intangible Assets And Goodwill

Intangible assets, intangible liabilities, and goodwill are summarized as follows (in thousands):

	June 30, 2014									December 31, 2013
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
Amortizable Intangible Assets
Management contracts	$	32,765		$	(32,765	)	$	—		$	32,765		$	(32,395	)	$	370
Internal-use software development costs	9,223			—			9,223			3,255			—			3,255
	41,988			(32,765		)	9,223			36,020			(32,395		)	3,625
Lease Intangibles:
In-place lease	1,108,719			(142,313		)	966,406			551,737			(84,610		)	467,127
Above-market rent	655,744			(85,246		)	570,498			292,132			(50,157		)	241,975
Below-market ground lease	19,225			(234		)	18,991			4,386			(22		)	4,364
Tenant relationship	6,245			(1,739		)	4,506			6,247			(1,656		)	4,591
	1,789,933			(229,532		)	1,560,401			854,502			(136,445		)	718,057
Unamortizable Goodwill and     Indefinite-Lived Intangible Assets
Goodwill	698,891			—			698,891			350,208			—			350,208
Trade name	3,975			—			3,975			3,975			—			3,975
	702,866			—			702,866			354,183			—			354,183
Total intangible assets	$	2,534,787		$	(262,297	)	$	2,272,490		$	1,244,705		$	(168,840	)	$	1,075,865
Amortizable Intangible Liabilities
Below-market rent	$	(168,723	)	$	17,861		$	(150,862	)	$	(116,939	)	$	11,832		$	(105,107	)
Above-market ground lease	(13,616		)	825			(12,791		)	(6,896		)	512			(6,384		)
	(182,339		)	18,686			(163,653		)	(123,835		)	12,344			(111,491		)
Unamortizable Intangible Liabilities
Below-market purchase option	(16,711		)	—			(16,711		)	(16,711		)	—			(16,711		)
Total intangible liabilities	$	(199,050	)	$	18,686		$	(180,364	)	$	(140,546	)	$	12,344		$	(128,202	)

Schedule Of Finite Lived Intangible Assets Future Amortization Expense

Based on the intangible assets and liabilities recorded at June 30, 2014, scheduled annual net amortization of intangibles for the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter is as follows (in thousands):

Years Ending December 31,	Net Decrease in Lease Revenues		Increase to Amortization/ Property Expenses		Net
2014 (remainder)	$	29,035	$	62,735	$	91,770
2015	55,989		125,920		181,909
2016	54,320		105,983		160,303
2017	50,549		101,951		152,500
2018	47,686		98,909		146,595
Thereafter	182,014		490,880		672,894
Total	$	419,593	$	986,378	$	1,405,971