Agreements and Transactions with Related Parties (Tables)

3 Months Ended

Mar. 31, 2022

Related Party Transactions [Abstract]

Schedule of related party transactions

The following tables present a summary of revenue earned, reimbursable costs, and distributions of Available Cash received/accrued from the Managed Programs and WLT for the periods indicated, included in the consolidated financial statements (in thousands):

	Three Months Ended March 31,
	2022		2021
Asset management revenue (a) (b)	$	3,420	$	3,954
Distributions of Available Cash (c)	2,587		1,539
Reimbursable costs from affiliates (a)	927		1,041
Interest income on deferred acquisition fees and loans to affiliates (d)	33		34
	$	6,967	$	6,568

	Three Months Ended March 31,
	2022		2021
CPA:18 – Global	$	6,451	$	5,359
CESH	516		1,101
WLT (reimbursed transition services)	—		108
	$	6,967	$	6,568

__________

(a)Amounts represent revenues from contracts under ASC 606.

(b)Included within Asset management and other revenue in the consolidated statements of income.

(c)Included within Earnings (losses) from equity method investments in the consolidated statements of income.

(d)Included within Non-operating income in the consolidated statements of income.

Schedule of balances due to and from related party

The following table presents a summary of amounts included in Due from affiliates in the consolidated financial statements (in thousands):

	March 31, 2022		December 31, 2021
Short-term loans to affiliates, including accrued interest	$	11,033	$	—
Asset management fees receivable	1,379		494
Reimbursable costs	919		974
Accounts receivable	241		336
Current acquisition fees receivable	19		19
Deferred acquisition fees receivable, including accrued interest	3		3
	$	13,594	$	1,826

Schedule of related party fees

The following table presents a summary of our asset management fee arrangements with the remaining Managed Programs:

Managed Program	Rate	Payable	Description
CPA:18 – Global	0.5% – 1.5%	In shares of its Class A common stock and/or cash, at the option of CPA:18 – Global; payable in shares of its Class A common stock for 2021 through February 28, 2022; payable in cash effective as of March 1, 2022, in light of the Proposed Merger	Rate depends on the type of investment and is based on the average market or average equity value, as applicable
CESH	1.0%	In cash	Based on gross assets at fair value