0001047469-13-006799.txt : 20130606 0001047469-13-006799.hdr.sgml : 20130606 20130606170241 ACCESSION NUMBER: 0001047469-13-006799 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130606 DATE AS OF CHANGE: 20130606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORPORATE PROPERTY ASSOCIATES 18 GLOBAL INC CENTRAL INDEX KEY: 0001558235 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-185111 FILM NUMBER: 13897957 BUSINESS ADDRESS: STREET 1: 50 Rockefeller Plaza CITY: New York STATE: NY ZIP: 10020 BUSINESS PHONE: 212-492-1100 MAIL ADDRESS: STREET 1: 50 Rockefeller Plaza CITY: New York STATE: NY ZIP: 10020 424B3 1 a2215561z424b3.htm 424B3
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Filed Pursuant to Rule 424(b)(3)
File No. 333-185111

CORPORATE PROPERTY ASSOCIATES 18 — GLOBAL INCORPORATED

Prospectus Supplement No. 1 Dated June 6, 2013
To Prospectus Dated May 7, 2013

        This prospectus supplement (the "Prospectus Supplement") is part of, and should be read in conjunction with, the prospectus of Corporate Property Associates 18 — Global Incorporated, dated May 7, 2013 (as amended or supplemented, the "Prospectus"). Unless the context indicates otherwise, the information contained in this Prospectus Supplement supersedes the information contained in the Prospectus. Terms used but not defined in the Prospectus Supplement shall have the meanings given to them in the Prospectus. A copy of the Prospectus will be provided by Corporate Property Associates 18 — Global Incorporated upon request.


INDEX TO THIS SUPPLEMENT

Suitability Standards

    S-1  

Prior Programs

    S-1  


SUITABILITY STANDARDS

The paragraph regarding the New York and North Carolina special suitability standards, as set forth in the "Suitability Standards" section on page 2 of our prospectus, is deleted in its entirety and replaced with the following:

New York imposes a higher minimum investment requirement than we require. In New York, individuals must invest at least $2,500 (not applicable to IRAs).


PRIOR PROGRAMS

The paragraph and table in the "Prior Programs — Information about Completed and Currently Operating CPA® Programs and CWI — Distribution Coverage" section beginning on page 83 of our prospectus is superseded in its entirety by the following:

Distribution Coverage

        The following chart summarizes information regarding the total distributions paid to common stockholders by the CPA® Programs and CWI and the percentage of these distributions that was covered by the net cash provided by operating activities as calculated in accordance with GAAP for the 10-year period from January 1, 2003 through December 31, 2012.


Percentage of Total Distributions Paid to Common Stockholders Covered by GAAP Cash Flow from Operating Activities

(Dollars in thousands)
  Total
Distributions
Paid(1)
  GAAP Cash Flow
Provided by (Used In)
Operating Activities(2)
  %
Coverage
 

2012

                   

CPA®:17 — Global

  $ 147,649   $ 157,275     107 %

CPA®:16 — Global

    134,649     190,939     142 %

CPA®:15(3)

    47,921     76,476     160 %

CWI

    3,110     (5,850 )   0 %

S-1


(Dollars in thousands)
  Total
Distributions
Paid(1)
  GAAP Cash Flow
Provided by (Used In)
Operating Activities(2)
  %
Coverage
 

2011

                   

CPA®:17 — Global

  $ 102,503   $ 101,515     99 %

CPA®:16 — Global

    103,880     156,927     151 %

CPA®:15

    94,272     163,566     174 %

CPA®:14(4)

    N/A     N/A     N/A  

CWI

    606     (1091 )   0 %

2010

                   

CPA®:17 — Global

  $ 60,937   $ 69,518     114 %

CPA®:16 — Global

    82,013     121,390     148 %

CPA®:15

    91,743     168,725     184 %

CPA®:14

    69,155     109,288     158 %

CWI(5)

    0     (62 )   0 %

2009

                   

CPA®:17 — Global

  $ 27,193   $ 35,348     130 %

CPA®:16 — Global

    80,778     116,625     144 %

CPA®:15

    88,939     164,475     185 %

CPA®:14

    68,832     87,900     128 %

2008

                   

CPA®:17 — Global

  $ 5,196   $ 4,443     86 %

CPA®:16 — Global

    79,011     117,435     149 %

CPA®:15

    98,153     180,789     184 %

CPA®:14

    68,851     110,697     161 %

2007

                   

CPA®:17 — Global(6)

  $ 0   $ (17 )   0 %

CPA®:16 — Global

    72,551     120,985     167 %

CPA®:15

    85,327     162,985     191 %

CPA®:14

    68,323     89,730     131 %

2006

                   

CPA®:16 — Global

  $ 41,227   $ 52,255     127 %

CPA®:15

    82,850     144,818     175 %

CPA®:14

    83,633     102,232     122 %

CPA®:12(7)

    19,265     27,364     142 %

2005

                   

CPA®:16 — Global

  $ 28,939   $ 40,338     139 %

CPA®:15

    80,475     124,049     154 %

CPA®:14

    51,905     70,895     137 %

CPA®:12

    25,431     44,285     174 %

2004

                   

CPA®:16 — Global

  $ 5,918   $ 7,584     128 %

CPA®:15

    67,797     90,721     134 %

CPA®:14

    50,973     70,590     138 %

CPA®:12

    25,173     27,529     109 %

CIP®(8)

    12,093     17,306     143 %

S-2


(Dollars in thousands)
  Total
Distributions
Paid(1)
  GAAP Cash Flow
Provided by (Used In)
Operating Activities(2)
  %
Coverage
 

2003

                   

CPA®:16 — Global(9)

  $ 0   $ (30 )   0 %

CPA®:15

    40,498     55,536     137 %

CPA®:14

    50,173     59,410     118 %

CPA®:12

    24,960     28,979     116 %

CIP®

    23,891     33,198     139 %

Past performance is not a guarantee of future results.

(1)
Total distributions paid to common stockholders are on a cash basis and are derived from the statement of cash flows for each period. These amounts differ from distributions declared, which are on an accrual basis. For example, a distribution declared in the fourth quarter of a fiscal year is paid in the first quarter of the following year.

(2)
It should be noted that, in the GAAP statement of cash flows, distributions to and from non-controlling interests, such as our partners in consolidated joint ventures, are not classified within cash flows from operating activities, regardless of whether they relate to operating activities. The information in this table is provided for illustrative purposes only and should be evaluated in conjunction with the complete financial statements of the CPA® Programs and CWI. Additional information regarding operating performance of the CPA® Programs and CWI can be found in their respective filings with the SEC.

(3)
Represents the period from January 1, 2012 through June 30, 2012. On September 28, 2012, CPA®:15 merged into W. P. Carey. As a result of the merger, CPA®:15 did not file financial statements for the third quarter or thereafter.

(4)
On May 2, 2011, CPA®:14 merged into CPA®:16 — Global. As a result of the merger, CPA®:14 did not file financial statements for the first quarter of 2011 or thereafter.

(5)
Represents the period from CWI's commencement of operations through December 31, 2010.

(6)
Represents the period from CPA®:17 — Global's inception, February 20, 2007, through December 31, 2007.

(7)
Represents the period from January 1, 2006, through November 30, 2006. On December 1, 2006, CPA®:12 merged into CPA®:14. As a result of the merger, CPA®:12 did not file financial statements for the fourth quarter of 2006 or thereafter.

(8)
Represents the period from January 1, 2004, through August 30, 2004. On September 1, 2004, CIP® merged into CPA®:15. As a result of the merger, CIP® did not file financial statements for the third quarter of 2004 or thereafter.

(9)
Represents the period from CPA®:16 — Global's inception, June 5, 2003, through December 31, 2003. CPA®:16 — Global paid its first distribution in April 2004.

S-3




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CORPORATE PROPERTY ASSOCIATES 18 — GLOBAL INCORPORATED
Prospectus Supplement No. 1 Dated June 6, 2013 To Prospectus Dated May 7, 2013
INDEX TO THIS SUPPLEMENT
SUITABILITY STANDARDS
PRIOR PROGRAMS
Percentage of Total Distributions Paid to Common Stockholders Covered by GAAP Cash Flow from Operating Activities