Equity Investment in Real Estate and the Managed REITs (Tables)

3 Months Ended

Mar. 31, 2013

Equity Investments in Real Estate and the Managed REITs

Schedule Of Income From Equity Investment

		Three Months Ended March 31,
		2013		2012
Equity earnings from equity investments in the Managed REITs		$	22	$	1,848
Other-than-temporary impairment charges on our special member interest
	in CPA®:16 – Global operating partnership		(2,684)		(298)
Distributions of Available Cash (Note 3)			7,891		6,974
Deferred revenue earned (Note 3)			2,123		2,123
	Equity in net income from the Managed REITs		7,352		10,647
Equity in net earnings from other equity investments			3,304		3,339
	Total net income from equity investments in real estate and the Managed REITs	$	10,656	$	13,986

Carrying Amount Of Investment In Funds

		% of Outstanding Shares Owned at		Carrying Amount of Investment at
Fund		March 31, 2013	December 31, 2012	March 31, 2013		(a)	December 31, 2012
CPA®:16 – Global	(b)	18.456%	18.330%	$	294,339		$	296,301
CPA®:16 – Global operating partnership	(c)	0.015%	0.015%		14,220			17,140
CPA®:17 – Global	(d)	1.429%	1.290%		43,368			38,977
CPA®:17 – Global operating partnership	(e)	0.015%	0.015%		-			-
CWI		0.447%	0.400%		1,147			774
CWI operating partnership		0.015%	0.015%		(47)			(47)
				$	353,027		$	353,145

Schedule Of Financial Information Of Investment

	March 31, 2013		December 31, 2012
Real estate, net	$	6,193,018	$	6,049,926
Other assets		2,025,509		2,002,620
Total assets		8,218,527		8,052,546
Debt		(3,676,503)		(3,509,394)
Accounts payable, accrued expenses and other liabilities		(456,211)		(450,362)
Total liabilities		(4,132,714)		(3,959,756)
Redeemable noncontrolling interests		(21,094)		(21,747)
Noncontrolling interests		(167,140)		(170,140)
Stockholders’ equity	$	3,897,579	$	3,900,903

		Three Months Ended March 31,
		2013		2012
Revenues		$	178,685	$	212,890
Expenses			(171,253)		(175,440)
Net income from continuing operations		$	7,432	$	37,450
Net income attributable to the Managed REITs	(a) (b)	$	10,352	$	33,197

Ownership Interests and Carrying Values in Equity Investments

		Ownership Interest	Carrying Value at
Lessee		at March 31, 2013	March 31, 2013		December 31, 2012
Schuler A.G.	(a) (b) (d)	67%	$	62,564	$	62,006
Hellweg Die Profi-Baumärkte GmbH & Co. KG (Hellweg 2)	(a) (e)	40%		40,236		42,387
Advanced Micro Devices	(c) (d)	33%		24,027		23,667
The New York Times Company	(e)	18%		20,836		20,584
C1000 Logistiek Vastgoed B.V.	(a) (c) (f)	15%		13,824		14,929
Del Monte Corporation	(c) (d)	50%		7,969		8,318
U. S. Airways Group, Inc.	(c)	75%		7,928		7,995
The Talaria Company (Hinckley)	(d)	30%		7,842		7,702
The Upper Deck Company	(d)	50%		7,187		7,198
Waldaschaff Automotive GmbH and Wagon Automotive Nagold GmbH	(a) (f)	33%		6,173		6,323
Builders FirstSource, Inc.	(d)	40%		5,097		5,138
PetSmart, Inc.	(d)	30%		3,825		3,808
Consolidated Systems, Inc.	(c) (d)	60%		3,249		3,278
Wanbishi Archives Co. Ltd.	(a) (f) (g) (h)	3%		484		(736)
SaarOTEC	(a) (d) (h)	50%		(176)		(116)
			$	211,065	$	212,481