XML 61 R45.htm IDEA: XBRL DOCUMENT v3.22.2.2
Merger with CPA:18 – Global - Purchase Price Allocation (Details) - USD ($)
$ in Thousands
9 Months Ended
Aug. 01, 2022
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Business Acquisition        
Cash consideration paid   $ 423,435 $ 0  
Liabilities Assumed at Fair Value        
Goodwill   $ 1,023,171   $ 901,529
CPA 18 Merger        
Business Acquisition        
Fair value of W. P. Carey shares of common stock issued $ 1,205,750      
Cash consideration paid 423,297      
Cash paid for fractional shares 138      
Merger Consideration 1,629,185      
Fair value of our equity interest in CPA:18 – Global prior to the CPA:18 Merger 88,299      
Fair value of our equity interest 1,746,058      
Assets Acquired at Fair Value        
Land, buildings and improvements — net lease and other 881,613      
Land, buildings and improvements — operating properties 1,000,447      
Net investments in direct financing leases and loans receivable 38,517      
In-place lease and other intangible assets 224,458      
Above-market rent intangible assets 61,090      
Assets held for sale 85,026      
Cash and cash equivalents and restricted cash acquired 331,063      
Other assets, net (excluding restricted cash) 25,229      
Net assets acquired excluding cash and restricted cash 2,647,443      
Liabilities Assumed at Fair Value        
Non-recourse mortgages, net 900,173      
Accounts payable, accrued expenses and other liabilities 90,035      
Below-market rent and other intangible liabilities 16,836      
Deferred income taxes 52,320      
Total liabilities 1,059,364      
Total identifiable net assets 1,588,079      
Amounts attributable to noncontrolling interests (14,367)      
Goodwill 172,346      
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest 1,746,058      
Cash and cash equivalents and restricted cash acquired 331,063      
CPA 18 Merger | Jointly owned investments        
Business Acquisition        
Fair value of our equity interest in CPA:18 – Global prior to the CPA:18 Merger $ 28,574