Agreements and Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2014

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



	Years Ended December 31,
	2014		2013		2012
Reimbursable costs from affiliates	$	130,212	$	73,592	$	97,638
Structuring revenue	71,256		46,589		48,355
Asset management revenue ^(a)	37,970		42,579		56,576
Distributions of Available Cash	31,052		34,121		30,009
Dealer manager fees	23,532		10,856		19,914
Deferred revenue earned	786		8,492		8,492
Interest income on deferred acquisition fees and loans to affiliates	684		949		1,064
Incentive, termination and subordinated disposition revenue	—		199		—
	$	295,492	$	217,377	$	262,048



	Years Ended December 31,
	2014		2013		2012
CPA^®:15 ^(b)	$	—	$	—	$	21,593
CPA^®:16 – Global ^(c)	7,999		53,166		50,929
CPA^®:17 – Global ^(d)	68,710		69,275		174,192
CPA^®:18 – Global ^(d)	129,642		29,293		—
CWI ^(d)	89,141		65,643		15,334
	$	295,492	$	217,377	$	262,048

___________


(a)	Excludes amounts received from third parties.


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

(c)

Upon completion of the CPA^®:16 Merger on January 31, 2014, the advisory agreement with CPA^®:16 – Global terminated. Pursuant to the terms of the merger agreement, the incentive or termination fee that we would have been entitled to receive from CPA^®:16 – Global pursuant to the terms of its advisory agreement was waived upon the completion of the CPA^®:16 Merger. The amount shown for the year ended December 31, 2014 reflects transactions through January 31, 2014.


(d)	The advisory agreements with each of the CPA^® REITs are scheduled to expire on December 31, 2015 and the advisory agreement with CWI is scheduled to expire on September 30, 2015 unless otherwise renewed.

Schedule of Balances Due to and From Related Party

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



	December 31,
	2014		2013
Deferred acquisition fees receivable	$	26,913	$	19,684
Organization and offering costs	2,120		2,700
Accounts receivable	2,680		3,716
Current acquisition fees receivable	2,463		4,149
Reimbursable costs	301		334
Asset management fee receivable	—		1,451
	$	34,477	$	32,034

Reconciliation of Reedemable Securities

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



	Years Ended December 31.
	2014		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