XML 35 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
Merger with CPA 15 (Details 1) (CPA 15, USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Sep. 30, 2012
Sep. 28, 2012
Total Consideration:      
Fair value of WP Carey common shares issued $ 1,380,362 $ 1,380,362 $ 1,380,362
Cash consideration paid 152,356 152,356 152,356
Merger Consideration 1,532,718 1,532,718  
Fair value of W. P. Carey & Co. LLC equity interest in CPA:15 prior to the Merger 107,147 107,147 107,147
Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA:15 prior to the Merger 54,822 54,822 54,822
Total consideration 1,694,687 1,694,687  
Assets Acquired at fair value:      
Net investment in properties 1,762,872 1,758,372 1,762,872
Net investment in direct finanacing lease 315,789 315,789 315,789
Equity investments in real estate 166,247 164,886 166,247
Intangible assets 695,310 694,411 695,310
Cash and cash equivalents 178,945 178,945 178,945
Other assets, net 81,750 83,838 81,750
Total assets acquired 3,200,913 3,196,241  
Liabilities assumed at fair value:      
Non-recourse and limited recourse debt (1,350,755) (1,350,755)  
Accounts payable, accrued expenses and other liabilities (186,795) (187,712) (186,795)
Total liabilities assumed (1,537,550) (1,538,467)  
Net identifiable assets acquired at fair value 1,663,363 1,657,774  
Amount attributable to noncontrolling interest (237,359) (238,038) (237,359)
Goodwill 268,683 274,951 268,683
Measurement Period Adjustment
     
Assets Acquired at fair value:      
Net investment in properties 4,500    
Equity investments in real estate 1,361    
Intangible assets 899    
Other assets, net (2,088)    
Total assets acquired 4,672    
Liabilities assumed at fair value:      
Accounts payable, accrued expenses and other liabilities 917    
Total liabilities assumed 917    
Net identifiable assets acquired at fair value 5,589    
Amount attributable to noncontrolling interest 679    
Goodwill $ (6,268)