10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

RQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

or

£TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from__________ to ___________

Commission File Number: 000-54970

CORPORATE PROPERTY ASSOCIATES 18 – GLOBAL INCORPORATED

(Exact name of registrant as specified in its charter)

Maryland	90-0885534
(State of incorporation)	(I.R.S. Employer Identification No.)
50 Rockefeller Plaza
New York, New York	10020
(Address of principal executive offices)	(Zip Code)

Investor Relations (212) 492-8920

(212) 492-1100

(Registrant’s telephone numbers, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes R No £

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes R No £

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer £	Accelerated filer £	Non-accelerated filer R	Smaller reporting company £
		(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes £ No R

Registrant has 353,035 shares of Class A common stock, $0.001 par value, and 122,075 shares of Class C common stock, $0.001 par value, outstanding at August 1, 2013.

INDEX

PART I — FINANCIAL INFORMATION	Page No.
Item 1. Financial Statements (Unaudited)
Consolidated Balance Sheets	2
Consolidated Statement of Operations	3
Consolidated Statements of Equity	4
Consolidated Statement of Cash Flows	5
Notes to Consolidated Financial Statements	6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3. Quantitative and Qualitative Disclosures About Market Risk	13
Item 4. Controls and Procedures	13
PART II — OTHER INFORMATION
Item 1A. Risk Factors	14
Item 6. Exhibits	15
Signatures	16

Forward-Looking Statements

This Quarterly Report on Form 10-Q (the “Report”), including Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) in Item 2 of Part I of this Report, contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. It is important to note that our actual results could be materially different from those projected in such forward-looking statements. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties and other factors that may materially affect our future results, performance, achievements or transactions. Information on factors which could impact actual results and cause them to differ from what is anticipated in the forward-looking statements contained herein is included in this Report as well as in our other filings with the Securities and Exchange Commission (the “SEC”), including but not limited to the risk factors described in our registration statement on Form S-11 (File No. 333-185111) (the “Registration Statement”) dated May 7, 2013. Except as required by federal securities laws and rules of the SEC, we do not undertake to revise or update any forward-looking statements.

CPA®:18 – Global 6/30/2013 10-Q — 1

PART I

Item 1. Financial Statements.

CORPORATE PROPERTY ASSOCIATES 18 – GLOBAL INCORPORATED

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

	June 30, 2013		December 31, 2012
Assets
Cash and cash equivalents	$	209,000	$	209,000
Deferred offering costs	3,080,456		-
Total assets	$	3,289,456	$	209,000
Liabilities and Equity
Liabilities:
Due to affiliates	$	3,145,696	$	-
Total liabilities	3,145,696		-
Commitments and contingencies (Note 4)
Equity:
Class A common stock $0.001 par value, 320,000,000 and 0 shares authorized; 23,222 and 0 shares issued and outstanding, respectively	23		-
Class C common stock $0.001 par value, 80,000,000 and 0 shares authorized; None issued	-		-
Common stock $0.001 par value, 0 and 25,000 shares authorized; 0 and 23,222 shares issued and outstanding, respectively	-		23
Preferred stock, $0.001 par value, 50,000,000 and 0 shares authorized; None issued	-		-
Additional paid-in capital	208,977		208,977
Accumulated deficit	(65,240)		-
Total equity	143,760		209,000
Total liabilities and equity	$	3,289,456	$	209,000

See Notes to Consolidated Financial Statements.

CPA®:18 – Global 6/30/2013 10-Q — 2

CORPORATE PROPERTY ASSOCIATES 18 – GLOBAL INCORPORATED

CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED)

	Three and Six Months Ended
	June 30, 2013
Operating Expenses
General and administrative	$	(65,240	)
	(65,240		)
Net Loss	$	(65,240	)
Loss Per Share
Class A common stock	$	(2.81	)
Weighted Averages Shares Outstanding
Class A common stock	23,222

See Notes to Consolidated Financial Statements.

CPA®:18 – Global 6/30/2013 10-Q — 3

CORPORATE PROPERTY ASSOCIATES 18 – GLOBAL INCORPORATED

CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED)

For the Six Months Ended June 30, 2013 and Period from September 7, 2012 (Inception) to December 31, 2012

	Common stock
	Class A			General			Additional		Accumulated
	Shares	Amount		Shares	Amount		Paid-In Capital		Deficit		Total
Balance at September 7, 2012 (Inception)	-	$	-	-	$	-	$	-	$	-	$	-
Shares, $0.001 par value, issued to Carey REIT II, Inc. at $9.00 per share	-	-		23,222	23		208,977		-		209,000
Balance at December 31, 2012	-	-		23,222	23		208,977		-		209,000
Renaming of General Shares to Class A Shares	23,222	23		(23,222)	(23)		-		-		-
Net loss	-	-		-	-		-		(65,240)		(65,240		)
Balance at June 30, 2013	23,222	$	23	-	$	-	$	208,977	$	(65,240)	$	143,760

See Notes to Consolidated Financial Statements.

CPA®:18 – Global 6/30/2013 10-Q — 4

CORPORATE PROPERTY ASSOCIATES 18 – GLOBAL INCORPORATED

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

	Six Months Ended
	June 30, 2013
Cash Flows — Operating Activities
Net loss	$	(65,240	)
Adjustment to net loss:
Non-cash increase in due to affiliates	65,240
Net Cash Provided by Operating Activities	-
Net increase in cash and cash equivalents	-
Cash and cash equivalents, beginning of period	209,000
Cash and cash equivalents, end of period	$	209,000

Non-cash activities:

During the six months ended June 30, 2013, the advisor incurred general and administrative costs and offering costs of $65,240 and $3,080,456, respectively, on our behalf. During the six months ended June 30, 2013, operating costs of $76,585 were charged back to the advisor (Note 3).

See Notes to Consolidated Financial Statements.

CPA®:18 – Global 6/30/2013 10-Q — 5

CORPORATE PROPERTY ASSOCIATES 18 – GLOBAL INCORPORATED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Note 1. Business

Organization

Corporate Property Associates 18 – Global Incorporated ( “we”, “us” or “our”) is a Maryland corporation formed in September 2012 for the purpose of investing primarily in a diversified portfolio of income-producing commercial real estate properties and other real estate related assets, both domestically and outside the United States (“U.S.”). We intend to qualify as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986 (the “Code”) for the taxable year ending December 31, 2013, and intend to conduct substantially all of our investment activities and own all of our assets through CPA:18 Limited Partnership, a Delaware limited partnership, which is our “Operating Partnership.” We are a general partner and a limited partner and, as of June 30, 2013, owned 100.0% of the capital interests in the Operating Partnership. The Operating Partnership was formed on April 8, 2013. On July 3, 2013, WPC–CPA®:18 Holdings, LLC (“CPA®:18 Holdings”), a subsidiary of W. P. Carey Inc. (“W. P. Carey”), acquired a 0.015% special general partner interest in the Operating Partnership. We had no significant operations at June 30, 2013.

Carey Asset Management Corp., a subsidiary of W. P. Carey, is our “advisor” and manages our business. The advisor also currently manages two other affiliated Corporate Property Associates REITs. W. P. Carey & Co B.V., an affiliate of our advisor, will provide asset management services with respect to any non-U.S. investments that we may make in the future.

Our core investment strategy is to acquire, own and manage a diversified portfolio of income producing commercial real estate properties and other real estate real assets.

On April 8, 2013, with the approval of our Board of Directors, we amended our articles of incorporation. Pursuant to the amended and restated articles of incorporation, we are authorized to issue 320,000,000 shares of Class A common stock, 80,000,000 shares of Class C common stock, and 50,000,000 shares of preferred stock. All of the authorized shares have a par value of $0.001 per share.

Public Offering

On May 7, 2013, our Registration Statement was declared effective by the SEC under the Securities Act of 1933, as amended (the “Securities Act”). This Registration Statement covers our initial public offering of up to $1.0 billion of common stock, in any combination of Class A and Class C Shares at a price of $10.00 per Class A Share and $9.35 per Class C Share. The Registration Statement also covers the offering of up to $400,000,000 in common stock, in any combination of Class A and Class C Shares, pursuant to our distribution reinvestment and stock purchase plan (“DRIP”) at a price of $9.60 per Class A Share and $8.98 per Class C Share. Our initial public offering is being offered on a “best efforts” basis by Carey Financial, LLC (“Carey Financial”), our dealer manager and an affiliate of the advisor, and selected other dealers. We currently intend to sell shares in our initial public offering until May 7, 2015; however, our Board of Directors may decide to extend the offering for up to an additional 18 months, and if so we would announce such extension in a prospectus supplement. In some states, we will need to renew our registration annually in order to continue offering our shares beyond the initial registration period.

On September 13, 2012, Carey REIT II, Inc. (“Carey REIT II”), a subsidiary of W. P. Carey and an affiliate of our advisor, purchased 1,000 shares of our common stock, par value $0.001 per share, for an aggregate purchase price of $9,000 and was admitted as our initial stockholder. On December 14, 2012, we received an additional capital contribution from Carey REIT II for $200,000 in exchange for 22,222 shares of our common stock, par value $0.001 per share. Carey REIT II purchased its shares at $9.00 per share, net of selling commissions and fees which would have otherwise been payable to Carey Financial. On April 8, 2013, the shares held by Carey REIT II were renamed as Class A shares.

Note 2. Basis of Presentation

Basis of Presentation

Our interim consolidated financial statements have been prepared, without audit, in accordance with the instructions to Form 10-Q and therefore do not necessarily include all information and footnotes necessary for a fair statement of our consolidated financial position, results of operations and cash flows in accordance with accounting principles generally accepted in the U.S. (“GAAP”).

In the opinion of management, the unaudited consolidated financial information for the interim periods presented in this Report reflects all normal and recurring adjustments necessary for a fair statement of results of operations, financial position and cash flows. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year.

CPA®:18 – Global 6/30/2013 10-Q — 6

Notes to Consolidated Financial Statements

We had no significant operations at June 30, 2013. Our operating expenses for the three and six months ended June 30, 2013 consisted solely of organizational costs. We had no operating activity prior to April 8, 2013.

Basis of Consolidation

The consolidated financial statements reflect all of our accounts, including those of our wholly-owned Operating Partnership subsidiary. All significant intercompany accounts and transactions have been eliminated.

As of June 30, 2013, our wholly-owned Operating Partnership was our only subsidiary, which we consolidated because we control all decisions regarding our Operating Partnership. We apply the accounting guidance for consolidation of variable interest entities (“VIE”) in which the equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. Based on our evaluation of the Operating Partnership under the consolidation guidance for VIE, we deemed the Operating Partnership not to be a VIE.

Cash and Cash Equivalents

We consider all short-term, highly-liquid investments that are both readily convertible to cash and have a maturity of generally three months or less at the time of purchase to be cash equivalents. Items classified as cash equivalents include commercial paper and money-market funds. Our cash and cash equivalents are held in the custody of one financial institution. These balances, at times, may exceed federally-insurable limits. We will seek to mitigate this risk by depositing funds only with major financial institutions.

Federal Income Taxes

We intend to qualify as a REIT under the Code beginning with our taxable year ending December 31, 2013. In order to maintain our qualification as a REIT, we will be required to, among other things, distribute at least 90.0% of our REIT taxable income to our stockholders and meet certain tests regarding the nature of our income and assets. Under the Code, REITs are subject to numerous organizational and operational requirements including limitations on certain types of gross income. As a REIT, we generally will not be subject to U.S. federal income tax on income that we distribute to stockholders. If we fail to qualify for taxation as a REIT for any taxable year, our income will be taxed at regular corporate rates, and we may not be able to qualify for treatment as a REIT for that year and the next four years. Even if we qualify as a REIT for U.S. federal income tax purposes, we may be subject to federal, state, local, and foreign taxes on our income and property and to income and excise taxes on our U.S. undistributed income.

In the future, we may elect to treat one or more of our corporate subsidiaries as a taxable REIT subsidiary (“TRS”). In general, a TRS may perform additional services for our tenants and generally may engage in any real estate or non-real estate related business (except for the operation or management of health care facilities or lodging facilities or providing to any person, under a franchise, license or otherwise, rights to any brand name under which any lodging facility or health care facility is operated). A TRS is subject to corporate federal income tax.

Organization and Offering Costs

The advisor has paid various organization and offering costs on our behalf, all or a portion of which we are partially liable for under the advisory agreement (see Note 3). During the offering period, costs incurred in connection with the raising of capital will be accrued as deferred offering costs. Upon receipt of offering proceeds, we will charge the deferred costs to stockholders’ equity and will reimburse the advisor for costs incurred. Such reimbursements will not exceed regulatory cost limitations. Organization costs will be expensed as incurred and will be included in general and administrative expenses in the financial statements.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.

CPA®:18 – Global 6/30/2013 10-Q — 7

Notes to Consolidated Financial Statements

Note 3. Agreements and Transactions with Related Parties

Advisory Fees

Effective May 7, 2013, we entered into an advisory agreement with the advisor to perform certain services for us under a fee arrangement, including managing our initial public offering, the identification, evaluation, negotiation, purchase, and disposition of real estate and related assets, day-to-day management, and the performance of certain administrative duties.

The advisor will also receive acquisition fees, a portion of which is payable upon acquisition and a portion that is subordinated to a preferred return. The initial acquisition fee is equal to 2.5% of the aggregate total cost of an investment for all investments other than those in readily-marketable real estate securities purchased in the secondary market, for which the advisor will not receive any acquisition fees. The subordinated acquisition fee is equal to 2.0% of the aggregate total cost of an investment for all investments other than those in readily-marketable real estate securities purchased in the secondary market, for which the advisor will not receive any subordinated acquisition fees. The total acquisition fees to be paid (current and subordinated, and including interest thereon) will not exceed 6.0% of the aggregate contract purchase price of all investments and loans. Pursuant to the advisory agreement, the advisor will also be entitled to an annual asset management fee ranging from 0.5% to 1.5%, depending on the type of investment and based on the average market value or average equity value, as applicable, of our investments. In addition, pursuant to the advisory agreement, the advisor may be entitled to receive a disposition fee in an amount equal to the lesser of (i) 50.0% of the competitive real estate commission (as defined in the advisory agreement) paid or (ii) 3.0% of the contract sales price of the investment being sold.

Organization and Offering Costs

Pursuant to the advisory agreement with the advisor, we shall reimburse the advisor for organization and offering costs incurred in connection with our initial public offering. Reimbursement of such costs was contingent on the commencement of the offering, which occurred on May 7, 2013, and raising the minimum offering amount, which was set at $2,000,000. Through June 30, 2013, the advisor had incurred organization and offering costs on our behalf of $65,240 and $3,080,456, respectively. Pursuant to the advisory agreement, and as described in Note 4, we will become liable for all or a portion of these costs subject to the maximum allowable amount based on the gross offering proceeds received. We did not raise the minimum offering amount until July 25, 2013, and, therefore, we did not reimburse any such amounts to the advisor as of June 30, 2013.

Excess Operating Expenses

For the three months ended June 2013, we charged $76,585 back to the advisor for excess operating expenses pursuant to our advisory agreement. The agreement provides that for any four trailing quarters (with quoted variables as defined in the advisory agreement) “operating expenses” may not exceed the greater of 2.0% of “average invested assets” or 25.0% of our “adjusted net income.” We may, however, become liable for these costs in the future if our results improve or our invested assets increase substantially.

Dealer Manager Fees

Effective May 7, 2013, we entered into a dealer manager agreement with Carey Financial, whereby Carey Financial receives a selling commission, depending on the class of common stock sold, of up to $0.70 or $0.14 per share sold and a dealer manager fee of up to $0.30 or $0.21 per share sold for the Class A and Class C Shares, respectively.

Carey Financial will also receive an annual distribution and shareholder servicing fee (“shareholder servicing fee”) in connection with sales of our Class C Shares. The amount of the shareholder servicing fee will be 1.0% of the selling price per share (or, once reported, the amount of our estimated net asset value per share) for the Class C Shares in our initial public offering. The shareholder servicing fee will accrue daily and be payable quarterly in arrears. We will cease paying the shareholder servicing fee on the date at which, in the aggregate, underwriting compensation from all sources, including the shareholder servicing fee, any organizational and offering fee paid for underwriting and underwriting compensation paid by W. P. Carey and its affiliates, equals 10.0% of the gross proceeds from our initial public offering. We had not admitted any stockholders as of June 30, 2013, and, therefore, we did not accrue any shareholder servicing fees.

Operating Partnership

Pursuant to the partnership agreement of the Operating Partnership, CPA®:18 Holdings, an affiliate of the advisor, will own a special general partnership interest entitling it to receive 10.0% of distributions of available cash of the Operating Partnership for our investments, other than those in readily-marketable real estate securities purchased in the secondary market, for which CPA®:18

CPA®:18 – Global 6/30/2013 10-Q — 8

Notes to Consolidated Financial Statements

Holdings will not receive any distributions. The Operating Partnership was formed on April 8, 2013. CPA®:18 Holdings acquired its special general partner interest on July 3, 2013 for the amount of $209,000.

Loans from W. P. Carey

Our Board of Directors and the board of directors of W. P. Carey have each approved loans to us of up to $100,000,000, in the aggregate, at a rate of the London inter-bank offered rate (“LIBOR”) plus 1.75%, for the purpose of funding acquisitions approved by our investment committee, with any loans to be made solely at the discretion of the management of W. P. Carey. As of June 30, 2013, we have no outstanding balance related to the aforementioned loans from W. P. Carey.

Note 4. Commitments and Contingencies

As of June 30, 2013, we were not involved in any litigation.

We are liable for certain expenses related to our initial public offering, which include filing, legal, accounting, printing, advertising, transfer agent, and escrow fees, and are to be deducted from the gross proceeds of the offering (Notes 2 and 3). We will reimburse Carey Financial or selected dealers for reasonable bona fide due diligence expenses incurred that are supported by a detailed and itemized invoice. The total underwriting compensation to Carey Financial and selected dealers in connection with the offering cannot exceed limitations prescribed by the Financial Industry Regulatory Authority, Inc. The advisor has agreed to be responsible for the repayment of organization and offering expenses (excluding selling commissions and dealer manager fees paid to Carey Financial with respect to shares held by clients of it and selected dealers and fees paid and expenses reimbursed to selected dealers) that exceed in the aggregate 4.0% of the gross proceeds from the initial public offering if the gross proceeds are less than $500,000,000, 2.0% of the gross proceeds from the initial public offering if the gross proceeds are $500,000,000 or more but less than $750,000,000, and 1.5% of the gross proceeds from the initial public offering if the gross proceeds are $750,000,000 or more.

Distributions Declared

Daily distributions began to accrue once subscription proceeds for our common stock reached the minimum offering amount of $2,000,000 and we began admitting stockholders on July 25, 2013. As of June 30, 2013, we had not raised the minimum amount of subscription proceeds and, therefore, no distributions had accrued for either Class A or Class C Shares at that date.

On June 19, 2013, our Board of Directors declared distributions at a daily rate of $0.0016983 for the Class A Shares and $0.0014442 for the Class C Shares for the quarter ending September 30, 2013, payable to stockholders of record on each day of the quarter on or about October 15, 2013.

Distributions are declared in the discretion of our Board of Directors and are not guaranteed. Until we substantially invest the net proceeds of the offering, distributions will be paid from offering proceeds, which reduces amounts available to invest in properties and could lower our overall return.

CPA®:18 – Global 6/30/2013 10-Q — 9

Notes to Consolidated Financial Statements

Note 5. Subsequent Events

Investor Capital Inflows

As of July 25, 2013, subscription proceeds for our common stock exceeded the minimum offering amount of $2,000,000 and we began admitting stockholders. Since we have begun to admit stockholders and through August 5, 2013, we have raised offering proceeds for both Class A Shares and Class C Shares of $3,584,500 and $1,186,400 (net of selling commissions and discounts, where applicable), respectively.

Noncontrolling Interest Contribution

On July 3, 2013, CPA®:18 Holdings purchased a 0.015% capital interest in the Operating Partnership, representing its special general partnership interest, for $209,000. As a result of this transaction, our general partnership interest in the Operating Partnership was reduced to 99.985%.

Annual Independent Director Stock Grants

On July 26, 2013, we issued 1,851 shares of Class A common stock to each of our four independent directors. These grants vested immediately and the related compensation expense will be recognized as stock-based compensation expense during the third quarter of 2013.

CPA®:18 – Global 6/30/2013 10-Q — 10

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

MD&A is intended to provide the reader with information that will assist in understanding our financial statements and the reasons for changes in certain key components of our financial statements from period to period. MD&A also provides the reader with our perspective on our financial position and liquidity, as well as certain other factors that may affect our future results. Our MD&A should be read in conjunction with the consolidated financial statements and accompanying notes thereto as of June 30, 2013.

Business Overview

We were formed in September 2012 for the purpose of investing primarily in a diversified portfolio of income-producing commercial real estate properties and other real estate related assets, both domestically and outside the U.S. We intend to qualify as a REIT for the taxable year ending December 31, 2013, and intend to conduct substantially all of our investment activities and own all of our assets through CPA:18 Limited Partnership, our Operating Partnership. We are a general partner and a limited partner and, as of July 3, 2013, own a 99.985% capital interest in the Operating Partnership. CPA®:18 Holdings, a subsidiary of W. P. Carey, as of July 3, 2013, holds a special general partner interest of 0.015% in the Operating Partnership. We had no significant operations at June 30, 2013.

Carey Asset Management Corp., a subsidiary of W. P. Carey, is our advisor and manages our business. The advisor also currently manages other publicly-owned, non-listed REITs under the Corporate Property Associates REITs. W. P. Carey & Co B.V., an affiliate of our advisor, will provide asset management services with respect to any non-U.S. investments that we may make in the future.

Our core investment strategy is to acquire, own and manage a diversified portfolio of income producing commercial real estate properties and other real estate related assets. We currently expect that, for the foreseeable future, at least a majority of our investments will be in commercial real estate properties leased to single tenants on a long-term triple-net lease basis.

Significant Developments

Public Offering

On May 7, 2013, our Registration Statement was declared effective by the SEC under the Securities Act. This Registration Statement covers our initial public offering of up to $1.0 billion of common stock, in any combination of Class A and Class C Shares at a price of $10.00 per Class A Share and $9.35 per Class C Share. The Registration Statement also covers the offering of up to $400,000,000 in common stock, in any combination of Class A and Class C Shares, pursuant to our DRIP at a price of $9.60 per Class A Share and $8.98 per Class C Share. Our initial public offering is being offered on a “best efforts” basis by Carey Financial and selected other dealers. We currently intend to sell shares in our initial public offering until May 7, 2015; however, our Board of Directors may decide to extend the offering for up to an additional 18 months, and if so we would announce such extension in a prospectus supplement. In some states, we will need to renew our registration annually in order to continue offering our shares beyond the initial registration period.

Subsequent Event

As of July 25, 2013, subscription proceeds for our common stock exceeded the minimum offering amount of $2,000,000 and we began admitting stockholders. Since we have begun to admit stockholders and through August 5, 2013, we have raised offering proceeds for both Class A Shares and Class C Shares of $3,584,500 and $1,186,400 (net of selling commissions and discounts, where applicable), respectively.

CPA®:18 – Global 6/30/2013 10-Q — 11

Results of Operations

We are a newly formed company and have no significant operating history. We are dependent upon proceeds received from our initial public offering to conduct our activities. In addition, we currently do not own any properties. The capital required to purchase any property will be obtained generally from the offering proceeds, from any mortgage indebtedness that we may incur in connection with the acquisition of any property or in its sole discretion, thereafter and any possible borrowings we receive from W. P. Carey, which may loan us up to $100,000,000 as described in Note 3. We have initially been capitalized with $209,000 from the sale of 23,222 shares to Carey REIT II.

For the three and six months ended June 30, 2013, the advisor incurred general and administrative expenses of $141,825, comprised of $76,585 of professional fees and $65,240 of organizational costs. Pursuant to our advisory agreement, the advisor is liable for our excess operating costs (Note 3). Accordingly, we charged back $76,585 of these general and administrative costs, reducing the amount payable to the advisor by the same amount. Our resulting net loss for both the three and six months ended June 30, 2013 was $65,240.

As of the date of this report, we have no commitments to acquire any property or to make any other material capital expenditures. Our operations commenced upon subscription proceeds for our common stock reaching the minimum offering amount of $2,000,000, which occurred on July 25, 2013.

Financial Condition

Liquidity would be affected adversely by unanticipated costs and greater-than-anticipated operating expenses. To the extent that our working capital reserve is insufficient to satisfy our cash requirements, additional funds may be provided from cash generated from operations or through short-term borrowings. In addition, subject to limitations described in the prospectus regarding our initial public offering contained in the Registration Statement, we may incur indebtedness in connection with the acquisition of any property, borrow funds from our advisor, refinance the debt on a property, arrange for the leveraging of any previously unfinanced property or reinvest the proceeds of financings or refinancings in additional properties.

If we qualify as a REIT, we will not be subject to U.S. federal income taxes on amounts distributed to stockholders provided we meet certain conditions, including distributing at least 90% of our taxable income to stockholders. Our objectives are to pay quarterly distributions, to increase equity in our commercial real estate through regular mortgage principal payments and to own a geographically diversified portfolio of net-leased commercial real estate and other real estate related assets that will increase in value. Our distributions may exceed our earnings and our cash flow from operating activities and may be paid from borrowings, offering proceeds and other sources, without limitation, particularly during the period before we have substantially invested the net proceeds from our initial public offering.

CPA®:18 – Global 6/30/2013 10-Q — 12

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Market risk is the exposure to loss resulting from changes in interest rates, foreign currency exchange rates and equity prices. We had no significant operations at June 30, 2013, and, therefore, had no exposure to the aforementioned market risk at that date.

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

Our disclosure controls and procedures include our controls and other procedures designed to provide reasonable assurance that information required to be disclosed in this and other reports filed under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the required time periods specified in the SEC’s rules and forms and that such information is accumulated and communicated to management, including our chief executive officer and chief financial officer, to allow timely decisions regarding required disclosures. It should be noted that no system of controls can provide complete assurance of achieving a company’s objectives and that future events may impact the effectiveness of a system of controls.

Our chief executive officer and chief financial officer, after conducting an evaluation, together with members of our management, of the effectiveness of the design and operation of our disclosure controls and procedures at June 30, 2013, have concluded that our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) were effective as of June 30, 2013 at a reasonable level of assurance.

Changes in Internal Control Over Financial Reporting

There have been no changes in our internal control over financial reporting during our most recently completed fiscal quarter covered by this Quarterly Report on Form 10-Q that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

CPA®:18 – Global 6/30/2013 10-Q — 13

PART II

Item 1A. Risk Factors.

We are not aware of any significant trends or uncertainties, favorable or unfavorable, that may be reasonably anticipated to have a significant impact on either our ability to raise capital or on the revenue to be derived from the acquisition and operation of any investments we will make, other than those referred to in the risks described in the “Risk Factors” section of the prospectus regarding our initial public offering.

CPA®:18 – Global 6/30/2013 10-Q — 14

Item 6. Exhibits.

The following exhibits are filed with this Report, except where indicated.

Exhibit No.	Description
10.1	Asset Management Agreement, dated as of July 24, 2013, by and among, Corporate Property Associates 18 – Global Incorporated, CPA:18 Limited Partnership and W. P. Carey & Co. B.V.
31.1	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32	Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101	The following materials from Corporate Property Associates 18 – Global Incorporated’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets at June 30, 2013 and December 31, 2012, (ii) Consolidated Statement of Income for the three and six months ended June 30, 2013, (iii) Consolidated Statements of Equity for the period from September 7, 2012 to December 31, 2012 and the six months ended June 30, 2013, (iv) Consolidated Statement of Cash Flows for the six months ended June 30, 2013, and (v) Notes to Consolidated Financial Statements. *

__________

* Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

CPA®:18 – Global 6/30/2013 10-Q — 15

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

		Corporate Property Associates 18 – Global Incorporated
Date: August 7, 2013	By:	/s/ Catherine D. Rice
		Catherine D. Rice Chief Financial Officer (Principal Financial Officer)
Date: August 7, 2013	By:	/s/ Hisham A. Kader
		Hisham A. Kader Chief Accounting Officer (Principal Accounting Officer)

CPA®:18 – Global 6/30/2013 10-Q — 16

EXHIBIT INDEX

The following exhibits are filed with this Report, except where indicated.

Exhibit No.	Description
10.1	Asset Management Agreement, dated as of July 24, 2013, by and among, Corporate Property Associates 18 — Global Incorporated, CPA:18 Limited Partnership and W. P. Carey & Co. B.V.
31.1	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32	Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101	The following materials from Corporate Property Associates 18 — Global Incorporated’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets at June 30, 2013 and December 31, 2012, (ii) Consolidated Statement of Income for the three and six months ended June 30, 2013, (iii) Consolidated Statements of Equity for the period from September 7, 2012 to December 31, 2012 and the six months ended June 30, 2013, (iv) Consolidated Statement of Cash Flows for the six months ended June 30, 2013, and (v) Notes to Consolidated Financial Statements. *

__________

* Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

EX-10.1

Exhibit 10.1

EXECUTION COPY

ASSET MANAGEMENT AGREEMENT

THIS ASSET MANAGEMENT AGREEMENT, dated as of July 24, 2013, is between CORPORATE PROPERTY ASSOCIATES 18 — GLOBAL INCORPORATED, a Maryland corporation (“CPA: 18”), CPA:18 LIMITED PARTNERSHIP, a Delaware limited partnership of which CPA: 18 is a general partner (the “Operating Partnership”), and W. P. CAREY & Co. B.V., a Netherlands company (the “Manager”).

W I T N E S S E T H:

WHEREAS, CPA: 18 intends to qualify as a REIT (as defined below), and to invest its funds in investments permitted by the terms of any prospectus pursuant to which it raised equity capital and Sections 856 through 860 of the Code (as defined below);

WHEREAS, CPA: 18 desires to avail itself of the experience, sources of information, and assistance of, and certain facilities available to, the Manager with respect to disposition opportunities and asset management, for properties located outside of the United States, and to have the Manager undertake the duties and responsibilities hereinafter set forth, on behalf of, and subject to the supervision of the Board of Directors (as defined below), all as provided herein; and

WHEREAS, the Manager is willing to render such services, subject to the supervision of the Board of Directors, on the terms and conditions hereinafter set forth;

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the parties hereto agree as follows:

1.         Definitions.  As used in this Agreement, the following terms have the definitions hereinafter indicated:

2%/25% Guidelines.  The requirement, as provided for in Section 13 hereof, that, in the 12-month period ending on the last day of any fiscal quarter, Operating Expenses under this Agreement and the Advisory Agreement not exceed the greater of two percent of CPA: 18’s Average Invested Assets during such 12-month period or 25% of CPA: 18’s Adjusted Net Income over the same 12-month period.

Acquisition Expenses.  Acquisition Expenses as defined under the Advisory Agreement.

Acquisition Fees.  Acquisition Fees as defined under the Advisory Agreement.

Adjusted Investor Capital.  As of any date, the Initial Investor Capital reduced by any Redemptions, other than Redemptions intended to qualify as a liquidity event for purposes of this Agreement, and by any other Distributions on or prior to such date determined by the Board to be from Cash from Sales and Financings.

Adjusted Net Income.  For any period, the total consolidated revenues recognized in such period by CPA: 18, less the total consolidated expenses of CPA: 18 recognized in such period, excluding additions to reserves for depreciation and amortization, bad debts or other similar non-cash reserves; provided, however, that Adjusted Net Income for purposes of calculating total allowable Operating Expenses under the 2%/25% Guidelines shall exclude any gains, losses or writedowns from the sale of CPA: 18’s assets.

Advisor.  CPA: 18’s external advisor.  As of the date of this Agreement, the Advisor is Carey Asset Management Corp., a corporation organized under the laws of the State of Delaware and indirectly wholly-owned by W. P. Carey Inc.

Advisory Agreement.  The Advisory Agreement, dated as of May 7, 2013, among CPA: 18, the Operating Partnership and the Advisor, as the same may be amended, supplemented, extended and renewed, and any successor advisory agreement.

Affiliate.  An Affiliate of another Person shall include any of the following: (i) any Person directly or indirectly owning, controlling, or holding, with power to vote ten percent or more of the outstanding voting securities of such other Person; (ii) any Person ten percent or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held, with power to vote, by such other Person; (iii) any Person directly or indirectly controlling, controlled by, or under common control with such other Person; (iv) any executive officer, director, trustee or general partner of such other Person; or (v) any legal entity for which such Person acts as an executive officer, director, trustee or general partner.

Agreement.  This Asset Management Agreement.

Appraised Value.  Value according to an appraisal made by an Independent Appraiser, which may take into consideration any factor deemed appropriate by such Independent Appraiser, including, but not limited to, current market and property conditions, any unique attributes of the Investment operations, current and anticipated income and expense trends, the terms and conditions of any lease of a relevant property, the quality of any lessee’s, borrower’s or other counter-party’s credit and the conditions of the credit markets.  The Appraised Value of a Property may be greater than the construction cost or the replacement cost of the Property.

Articles of Incorporation.  Articles of Incorporation of CPA: 18 under the General Corporation Law of Maryland, as amended from time to time, pursuant to which CPA: 18 is organized.

Asset Management Fee.  The Asset Management Fee as defined in Section 9(a) hereof.

Average Invested Assets.  The average during any period of the aggregate book value of CPA: 18’s Investments, before deducting reserves for depreciation, bad debts, impairments, amortization and all other non-cash reserves, computed by taking the average of such values at the end of each month during such period.

Average Market Value.  The aggregate purchase price paid by CPA: 18 for an Investment, provided that, if a later Appraised Value is obtained for the Investment, that later Appraised Value, adjusted for other net assets and liabilities that have economic value and are associated with that Investment, shall become the Average Market Value for the Investment.

Board or Board of Directors.  The Board of Directors of CPA: 18.

Bylaws.  The bylaws of CPA: 18, as amended from time to time.

Cash from Financings.  Net cash proceeds realized by CPA: 18 from the financing of Investments or the refinancing of any indebtedness of CPA: 18 secured by real estate located outside the United States.

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Cash from Sales.  Net cash proceeds realized by CPA: 18 from the sale, exchange or other disposition of any of its assets located outside the United States after deduction of all expenses incurred in connection therewith.  Cash from Sales shall not include Cash from Financings.

Cash from Sales and Financings.  The total sum of Cash from Sales and Cash from Financings.

Cause.  With respect to the termination of this Agreement, fraud, criminal conduct, willful misconduct or willful or negligent breach of fiduciary duty by the Manager that, in each case, is determined by a majority of the Independent Directors to be materially adverse to CPA: 18, or a breach of a material term or condition of this Agreement by the Manager and the Manager has not cured such breach within 30 days of written notice thereof or, in the case of any breach that cannot be cured within 30 days by reasonable effort, has not taken all necessary action within a reasonable time period to cure such breach.

Closing Date.  The first date on which Shares were issued pursuant to an Offering.

Code.  Internal Revenue Code of 1986, as amended.

Competitive Real Estate Commission.  The real estate or brokerage commission paid for the purchase or sale of a Property that is reasonable, customary and competitive in light of the size, type and location of the Property.

Contract Sales Price.  The total consideration received by CPA: 18 for the sale of Investments.

CPA: 18.  Corporate Property Associates 18 — Global Incorporated together with its consolidated subsidiaries, including the Operating Partnership, unless in the context of a particular reference, it is clear that such reference refers to Corporate Property Associates 18 — Global Incorporated excluding its consolidated subsidiaries.  Unless the context otherwise requires, any reference to financial measures of CPA: 18 shall be calculated by reference to the consolidated financial statements of CPA: 18 and its subsidiaries, including, without limitation, the Operating Partnership, prepared in accordance with GAAP.

Cumulative Return.  For the period for which the calculation is being made, the percentage resulting from dividing (A) the total Distributions for such period (not including Distributions out of Cash from Sales and Financings), by (B) the product of (i) either (x) until such time as CPA: 18 has invested 90% of the net proceeds of CPA: 18’s initial Offering (excluding net proceeds from the sale of Shares pursuant to CPA: 18’s distribution reinvestment program), the average Adjusted Investor Capital for such period (calculated on a daily basis) or (y) from and after such time as CPA: 18 has invested 90% of the net proceeds of CPA: 18’s initial Offering (excluding net proceeds from the sale of Shares pursuant to CPA: 18’s distribution reinvestment program), the net proceeds from the sale of Shares (excluding net proceeds from the sale of Shares pursuant to CPA: 18’s distribution reinvestment program), as adjusted for Redemptions other than Redemptions intended to qualify as a liquidity event for purposes of this Agreement, and by any other Distributions on or prior to such date determined by the Board to be from Cash from Sales and Financings, and (ii) the number of years (including fractions thereof) elapsed during such period.  Notwithstanding the foregoing, neither the Shares received by the Advisor or its Affiliates for any consideration other than cash, nor the Distributions in respect of such Shares, shall be included in the foregoing calculation.

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Dealer Manager.  Carey Financial, LLC, a Delaware limited liability company.

Directors.  The persons holding such office, as of any particular time, under the Articles of Incorporation, whether they be the directors named therein or additional or successor directors.

Disposition Fee.  The Disposition Fee as defined under the Advisory Agreement.

Distribution and Shareholder Servicing Fees.  The distribution and shareholder servicing fees payable to the Dealer Manager as described in the Prospectus.

Distributions.  Distributions declared by the Board.

GAAP.  Generally accepted accounting principles in the United States.

Good Reason.  With respect to the termination of this Agreement, (i) any failure to obtain a satisfactory agreement from any successor to CPA: 18 or the Operating Partnership to assume and agree to perform CPA: 18’s or the Operating Partnership’s, as applicable, obligations under this Agreement; or (ii) any material breach of this Agreement of any nature whatsoever by CPA: 18 or the Operating Partnership; provided that (a) such breach is of a material term or condition of this Agreement and (b) CPA: 18 or the Operating Partnership, as applicable, has not cured such breach within 30 days of written notice thereof or, in the case of any breach that cannot be cured within 30 days by reasonable effort, has not taken all necessary action within a reasonable time period to cure such breach.

Gross Offering Proceeds.  The aggregate purchase price of Shares sold in any Offering, without deduction for selling commissions, volume discounts, any marketing support and due diligence expense reimbursement or Organization and Offering Expenses in any Offering.

Independent Appraiser.  A qualified appraiser of real estate as determined by the Board, who has no material current or prior business or personal relationship with, the Manager, the Directors, or their respective Affiliates and who is engaged to a substantial extent in the business of rendering opinions regarding the value of real estate related investments.  Membership in a nationally recognized appraisal society such as the American Institute of Real Estate Appraisers or the Society of Real Estate Appraisers shall be conclusive evidence of such qualification (but not of independence).

Independent Director.  A Director of CPA: 18 who meets the criteria for an Independent Director specified in the Articles of Incorporation and/or the Bylaws.

Individual.  Any natural person and those organizations treated as individuals in Section 542(a) of the Code.

Initial Investor Capital.  The total amount of capital invested (excluding investments in money market securities) from time to time by Shareholders (computed at the Original Issue Price per Share), excluding any Shares received by the Manager, the Advisor or their respective Affiliates for any consideration other than cash.

Investment.  An investment made by CPA: 18, directly or indirectly, in a Property, Loan or Other Permitted Investment Asset.

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Loan Refinancing Fee.  A fee payable to the Advisor or its Affiliates in respect of the refinancing of a loan secured by an Investment.

Loans.  The notes and other evidences of indebtedness or obligations acquired, originated or entered into, directly or indirectly, by CPA: 18 as lender, noteholder, participant, note purchaser or other capacity, which are secured or collateralized by personal property, or fee or leasehold interests in real estate or other assets, in each case located outside the United States, including but not limited to first or subordinate mortgage loans, construction loans, development loans, loan participations, B notes, loans secured by capital stock or any other assets or form of equity interest and any other type of loan or financial arrangement, such as providing or arranging for letters of credit, providing guarantees of obligations to third parties, or providing commitments for loans.  The term “Loans” shall not include leases, which are not recognized as leases for Federal income tax reporting purposes.

Manager.  W. P. Carey & Co. B.V., a company organized under the laws of The Netherlands.

Offering.  The offering of Shares pursuant to a Prospectus.

Operating Expenses.  All consolidated operating, general and administrative expenses paid or incurred by CPA: 18, as determined under GAAP, except the following (insofar as they would otherwise be considered operating, general and administrative expenses under GAAP): (i) interest and discounts and other cost of borrowed money; (ii) taxes (including state, Federal and foreign income tax, property taxes and assessments, franchise taxes and taxes of any other nature); (iii) expenses of raising capital, including Organization and Offering Expenses, printing, engraving, and other expenses, and taxes incurred in connection with the issuance and distribution of CPA: 18’s Shares and Securities; (iv) Acquisition Expenses, real estate commissions on resale of property and other expenses connected with the acquisition, disposition, origination, ownership and operation of Investments, including the costs of foreclosure, insurance premiums, legal services, brokerage and sales commissions, maintenance, repair and improvement of property; (v) Acquisition Fees or Disposition Fees payable to the Manager under this Agreement and the corresponding fees payable to the Advisor under the Advisory Agreement or to any other party; (vi) Distribution and Shareholder Servicing Fees payable to the Dealer Manager; (vii) distributions paid by the Operating Partnership to the Special General Partner under the agreement of limited partnership of the Operating Partnership in respect of gains realized on dispositions of Investments and other capital transactions; (viii)  amounts paid to effect a redemption or repurchase of the special general partner interest held by the Special General Partner pursuant to the agreement of limited partnership of the Operating Partnership; and (ix) non-cash items, such as depreciation, amortization, depletion, and additions to reserves for depreciation, amortization, depletion, losses and bad debts.  Notwithstanding anything herein to the contrary, Operating Expenses shall include the Asset Management Fee and any Loan Refinancing Fee, in each case payable under this Agreement and the corresponding fees payable under the Advisory Agreement and, solely for the purposes of determining compliance with the 2%/25% Guidelines, distributions of profits and cash flow made by the Operating Partnership to the Special General Partner pursuant to the agreement of limited partnership of the Operating Partnership, other than distributions described in clauses (vii) and (viii) of this definition.

Operating Partnership.  CPA: 18 Limited Partnership, a Delaware limited partnership, through which CPA: 18 owns Investments.

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Organization and Offering Expenses.  Organization and Offering Expenses as defined under the Advisory Agreement.

Original Issue Price.  For any Share issued in an Offering, the price at which such Share was initially offered to the public by CPA: 18, regardless of whether selling commissions were paid in connection with the purchase of such Share from CPA: 18.

Other Permitted Investment Asset.  An asset, other than cash, cash equivalents, short term bonds, auction rate securities and similar short term investments, acquired by CPA: 18 for investment purposes that is not a Loan or a Property but that is attributable to an investment or activities of CPA: 18 outside the United States and is consistent with the investment objectives and policies of CPA: 18.

Person.  An Individual, corporation, partnership, joint venture, association, company, trust, bank, or other entity, or government or any agency or political subdivision of a government.

Preferred Return.  A Cumulative Return of five percent computed from the Closing Date through the date as of which such amount is being calculated.

Property or Properties.  CPA: 18’s partial or entire interest in real property (including leasehold interests) located outside the United States and personal or mixed property connected therewith.  An Investment which obligates CPA: 18 to acquire a Property will be treated as a Property for purposes of this Agreement.

Property Management Fee.  A fee for property management services rendered by the Advisor or its Affiliates in connection with Properties acquired directly or through foreclosure.

Prospectus.  Any prospectus pursuant to which CPA: 18 offers Shares in a public offering, as the same may at any time and from time to time be amended or supplemented after the effective date of the registration statement in which it is included.

Redemptions.  An amount determined by multiplying the number of Shares redeemed by the Original Issue Price.

REIT.  A real estate investment trust, as defined in Sections 856-860 of the Code.

Securities.  Any stock, shares (other than currently outstanding Shares and subsequently issued Shares), other equity interests, voting trust certificates, bonds, debentures, notes or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise or in general any instruments commonly known as “securities” or any certificate of interest, shares or participation in temporary or interim certificates for receipts (or, guarantees of, or warrants, options or rights to subscribe to, purchase or acquire any of the foregoing, which subsequently may be issued by CPA: 18).

Shareholders.  Those Persons who, at the time any calculation hereunder is to be made, are shown as holders of record of Shares on the books and records of CPA: 18.

Shares.  All of the shares of common stock of CPA: 18, $.001 par value, and any other shares of common stock of CPA: 18.

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Special General Partner.  WPC-CPA:18 Holdings, LLC and any permitted transferee of the special general partnership interest under the agreement of limited partnership of the Operating Partnership.

Sponsor.  W.P. Carey Inc. and any other Person directly or indirectly instrumental in organizing, wholly or in part, CPA: 18 or any person who will control, manage or participate in the management of CPA: 18, and any Affiliate of any such person.  Sponsor does not include a person whose only relationship to CPA: 18 is that of an independent property manager and whose only compensation is as such.  Sponsor also does not include wholly independent third parties such as attorneys, accountants and underwriters whose only compensation is for professional services.

Termination Date.  The effective date of any termination of this Agreement.

2.         Appointment.  CPA: 18 hereby appoints the Manager to serve as its manager on the terms and conditions set forth in this Agreement, and the Manager hereby accepts such appointment.

3.         Duties of the Manager.  During the term of this Agreement, the Manager agrees, for and in consideration of the compensation set forth below, to supervise and direct the management and operation of the Investments on behalf of CPA: 18 and for the account of CPA: 18, in an efficient and satisfactory manner consistent with like quality properties and at all times maintain or contract for systems and personnel sufficient to enable it to carry out all of its duties, obligations and functions under this Agreement.  In performance of this undertaking, subject to the supervision of the Board and consistent with the provisions of the Articles of Incorporation and Bylaws and any Prospectus pursuant to which Shares are offered, the Manager shall, with respect to the Investments, either directly or by engaging an Affiliate:

(a)        demand, collect and receive (i) all rents, utility charges, common area charges, insurance charges, VAT payments and real estate and personal property tax and assessment charges, (ii) all other pass-through or bill-back charges, sums, costs or expenses of any nature whatsoever payable by tenants under the terms of any or all of the leases and any other agreements relating to all or any portion of the Properties, and (iii) all other revenues, issues and profits accruing from the Properties and any covenant calculations and insurance certificates;

(b)        calculate and administer rent calculations; maintain and review tenant covenant calculations; calculate and submit lender covenant calculations; and maintain letters of credits and security deposit information;

(c)        serve as primary contact to all tenants, field inquiries and requests; process easements and landlord lien waivers; manage third party asset managers and coordinate loan closings with third party asset managers; inspect at-risk properties, oversee inspections by lenders and third-party property inspection firms, and coordinate site visits and reports; ascertain necessary repair and monitor deferred maintenance, and ensure tenant compliance; schedule and coordinate tenant improvement projects and leasing efforts; create expense budgets for vacant properties as needed and pro forma expense budgets for at-risk properties; assist in executing redevelopment strategies; provide or source technical expertise when necessary relating to building issues; formulate, structure and oversee redevelopment projects; and meet with tenants to discuss potential needs;

(d)        assess residual risk and long term viability on all Properties; perform credit analysis of tenant businesses and economic analysis of holding and selling Properties; maximize returns for CPA: 18 through early renewals or sales of Properties; manage bankruptcy process and monitor credit

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quality of portfolios; restructure leases as necessary; execute opportunistic mortgage refinancing; coordinate with annual third party appraisers in valuation process; and assess and manage market risks and risks associated with legal, tax, and corporate structure;

(e)        supervise the performance of such ministerial and administrative functions as may be necessary in connection with the daily operations of the Properties, including but not limited to, overseeing and training for international compliance functions and staffing; overseeing and ensuring tax, legal, and regulatory compliance; ensuring timely completion of all obligations by tenants; and ensuring smooth integration of new investments into asset management platform;

(f)        from time to time, or at any time reasonably requested by the Board or management of CPA: 18, make reports of its performance of services to CPA: 18 under this Agreement, including the International State of the Assets and bi weekly status reports to be provided to CPA: 18’s management;

(g)        provide CPA: 18 with such accounting data and any other information requested by CPA: 18 concerning the investment activities of CPA: 18 as shall be required to prepare and to file all periodic financial reports and returns required to be filed with the Securities and Exchange Commission and any other regulatory agency, including annual financial statements;

(h)        perform corporate secretarial work including, but not limited to, tracking of dates of required filings and annual general meetings for subsidiaries of CPA: 18; obtaining and coordinating all relevant materials needed for audit and/or statutory filing, including approvals of financial information, auditor’s representation letters, and minutes and resolutions; preparing financial analyses of recurring payments; maintaining information for compliance reports; organizing, planning, and presenting International State of the Assets meetings; and preparing International Asset Operating Committee Memos;

(i)         do all things necessary to assure its ability to render the services described in this Agreement; and

(j)         obtain for, or provide to, CPA: 18 such services as may be required in disposing of Investments.

Notwithstanding anything to the contrary in this Agreement, CPA: 18 acknowledges that the Manager does not have an office in the United States and intends to conduct its business in a manner that will not cause Manager to be deemed to be engaged in a United States trade or business or have a permanent establishment in the United States.

4.         Authority of Manager.

(a)        Pursuant to the terms of this Agreement (and subject to the restrictions included in Paragraphs (b) of this Section 4 and in Section 7 hereof), and subject to the continuing and exclusive authority of the Board over the management of CPA: 18, the Board hereby delegates to the Manager the authority to: (1) arrange for refinancing, or assess changes in the asset or capital structure of, and dispose of or otherwise deal with, Investments; (2) enter into leases and service contracts for Properties, and perform other property level operations; (3) oversee non-affiliated property managers and other non-affiliated Persons who perform services for CPA: 18; (4) undertake accounting and other record-keeping functions at the Property level; and (5) perform its duties set forth in Section 3.

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(b)        The prior approval of the Board, including a majority of the Independent Directors and a majority of the Directors not interested in the transaction will be required for: (i) Investments which are not contemplated by the terms of a Prospectus; (ii) transactions that present issues which involve potential conflicts of interest for the Manager or an Affiliate (other than potential conflicts involving the payment of fees or the reimbursement of expenses); (iii) the lease of assets to the Sponsor, any Director, the Manager or any Affiliate of the Manager; (iv) any purchase or sale of an Investment from or to the Manager or an Affiliate; and (v) the retention of any Affiliate of the Manager to provide services to CPA: 18 not expressly contemplated by this Agreement and the terms of such services by such Affiliate.  In addition, the Manager shall comply with any further approval requirements set forth in the Bylaws.

(c)        The Board may, at any time upon the giving of notice to the Manager, modify or revoke the authority set forth in this Section 4.  If and to the extent the Board so modifies or revokes the authority contained herein, the Manager shall henceforth comply with such modification or revocation, provided however, that such modification or revocation shall be effective upon receipt by the Manager and shall not be applicable to investment transactions to which the Manager has committed CPA: 18 prior to the date of receipt by the Manager of such notification.

5.         Bank Accounts.  The Manager may establish and maintain one or more bank accounts in its own name for the account of CPA: 18 or in the name of CPA: 18 and may collect and deposit into any such account or accounts, and disburse from any such account or accounts, any money on behalf of CPA: 18, provided that no funds shall be commingled with the funds of the Manager; and the Manager shall from time to time render appropriate accountings of such collections and payments to the Board and to the auditors of CPA: 18.

6.         Records; Access.  The Manager shall maintain appropriate records of all its activities hereunder and make such records available for inspection by the Board and by counsel, auditors and authorized agents of CPA: 18, at any time or from time to time during normal business hours.  The Manager shall at all reasonable times have access to the books and records of CPA: 18.

7.         Limitations on Activities.  Anything else in this Agreement to the contrary notwithstanding, the Manager shall refrain from taking any action which, in its sole judgment made in good faith, would adversely affect the status of CPA: 18 as a REIT or of the Operating Partnership as a partnership for Federal income tax purposes, subject CPA: 18 or the Operating Partnership to regulation under the Investment Company Act of 1940, as amended, violate any law, rule, regulation or statement of policy of any governmental body or agency having jurisdiction over CPA: 18, its Shares or its Securities, or otherwise not be permitted by the Articles of Incorporation or Bylaws or agreement of limited partnership of the Operating Partnership, except if such action shall be ordered by the Board, in which case the Manager shall notify promptly the Board of the Manager’s judgment of the potential impact of such action and shall refrain from taking such action until it receives further clarification or instructions from the Board.  In such event the Manager shall have no liability for acting in accordance with the specific instructions of the Board so given.

(a)        Notwithstanding the foregoing, CPA: 18 shall indemnify and hold harmless the Manager, its partners, directors, officers and employees, and partners, shareholders, directors and officers of the Manager’s partners and Affiliates of any of them, for any loss or liability suffered by them, and none of the foregoing shall be liable to CPA: 18, the Operating Partnership or to the Directors or Shareholders for any act or omission by the Manager, its partners, directors, officers and employees, or partners, shareholders, directors or officers of the Manager’s partners and Affiliates of any of them, in each case if the following conditions are met:

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(i)         The Manager, its partners, directors, officers and employees, and partners, shareholders, directors and officers of the Manager’s partners and Affiliates of any of them have determined, in good faith, that the course of conduct which caused the loss or liability was in the best interests of CPA: 18;

(ii)        The Manager, its partners, directors, officers and employees, and partners, shareholders, directors and officers of the Manager’s partners and Affiliates of any of them were acting on behalf of or performing services for CPA: 18; and

(iii)       Such liability or loss was not the result of negligence or misconduct by the Manager, its partners, directors, officers and employees, and partners, shareholders, directors and officers of the Manager’s partners or Affiliates of any of them.

(b)        Notwithstanding the foregoing, the Manager and its Affiliates shall not be indemnified by CPA: 18 or the Operating Partnership for any losses, liabilities or expenses arising from or out of the alleged violation of federal or state securities laws unless one or more of the following conditions are met:

(i)         There has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee;

(ii)        Such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee; or

(iii)       A court of competent jurisdiction approves a settlement of the claims against a particular indemnitee and finds that indemnification of the settlement and the related costs should be made, and the court considering the request for indemnification has been advised of the position of the Securities and Exchange Commission and of the published position of any state securities regulatory authority in which securities of CPA: 18 were offered or sold as to indemnification for violation of securities laws.

(c)        CPA: 18 and the Operating Partnership shall advance funds to the Manager or its Affiliates for legal expenses and other costs incurred as a result of any legal action for which indemnification is being sought only if all of the following conditions are satisfied:

(i)         The legal action relates to acts or omissions with respect to the performance of duties or services on behalf of CPA: 18;

(ii)        The Manager or the Affiliate has provided CPA: 18 or the Operating Partnership with a written affirmation of his, her or its good faith belief that the standard of conduct necessary for indemnification has been met;

(iii)       The legal action is initiated by a third party who is not a Shareholder or the legal action is initiated by a Shareholder acting in his or her capacity as such and a court of competent jurisdiction specifically approves such advancement; and

(iv)       The Manager or the Affiliate undertakes to repay the advanced funds to CPA: 18, together with the applicable legal rate of interest thereon, in cases in which such Manager or Affiliate is found not to be entitled to indemnification.

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(d)        Notwithstanding the foregoing, the Manager shall not be entitled to indemnification or be held harmless pursuant to this Section 7 for any activity which the Manager shall be required to indemnify or hold harmless CPA: 18 pursuant to Section 22.

(e)        Any amounts paid pursuant to this Section 7 shall be recoverable or paid only out the net assets of CPA: 18 and not from Shareholders.

8.         Relationship with Directors.  There shall be no limitation on any partner, director, officer, employee or Affiliate of the Manager serving as a Director or an officer of CPA: 18, except that no employee of the Manager or its Affiliates who also is a Director or officer of CPA: 18 shall receive any compensation from CPA: 18 for serving as a Director or officer other than for reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board; for the avoidance of doubt, the limitations of this Section 8 shall not apply to any compensation paid by the Manager or any Affiliate for which CPA: 18 reimbursed the Manager or Affiliate in accordance with Section 10 hereof.

9.         Fees.

(a)        Asset Management Fee.  The Operating Partnership shall pay to the Manager as compensation for the asset management services rendered to CPA: 18 hereunder an amount equal to 0.50% of the Average Market Value of an Investment other than Investments in readily marketable real estate securities purchased on the secondary market (an “Asset Management Fee”).  The Asset Management Fee with respect to an Investment will be calculated monthly, beginning with the month in which CPA: 18 first makes the Investment and shall be prorated for the number of days during the month that CPA: 18 owns the Investment.  The aggregate Asset Management Fees calculated with respect to each month shall be payable on the first business day following such month.

(b)        Property Management Fee; Loan Refinancing Fee.  No Property Management Fee or Loan Refinancing Fee shall be paid unless approved by a majority of the Independent Directors.

(c)        Disposition Fee.  If the Manager or an Affiliate provides a substantial amount of services in the sale of an Investment, the Manager or such Affiliate shall be entitled to receive a disposition fee (the “Disposition Fee”) at the time of such disposition, in an amount equal to the lesser of (1) 50% of the Competitive Real Estate Commission (if applicable) and (2) 3.0% of the Contract Sales Price of the Investment; provided, however, that  no Disposition Fee shall be paid in respect of Investments that are readily marketable securities.  The real estate commissions and Disposition Fees paid to all Persons by CPA: 18 shall not exceed an amount equal to the lesser of:  (1) 6% of the Contract Sales Price of such Property or (2) the Competitive Real Estate Commission.  The Manager shall present to the Independent Directors such information as they may reasonably request to review the level of services provided by the Manager in connection with a disposition and the basis for the calculation of the amount of the Disposition Fees on an annual basis, or more frequently if requested by the Independent Directors.  The amount of any Disposition Fee shall be deemed conclusively established once it has been approved by the Independent Directors, absent a subsequent finding of error.  No payment of Disposition Fees shall be made prior to review and approval of such information by the Independent Directors.

(d)        Loans From Affiliates.  CPA: 18 shall not borrow funds from the Manager or its Affiliates unless (A) the transaction is approved by a majority of the Independent Directors and a majority of the Directors who are not interested in the transaction as being fair, competitive and commercially reasonable, (B) the interest and other financing charges or fees received by the Manager or its Affiliates do not exceed the amount which would be charged by non-affiliated lending institutions and (C) the terms

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are not less favorable than those prevailing for comparable arm’s-length loans for the same purpose.  CPA: 18 will not borrow on a long-term basis from the Manager or its Affiliates unless it is to provide the debt portion of a particular investment and CPA: 18 is unable to obtain a permanent loan at that time or in the judgment of the Board, it is not in CPA: 18’s best interest to obtain a permanent loan at the interest rates then prevailing and the Board has reason to believe that CPA: 18 will be able to obtain a permanent loan on or prior to the end of the loan term provided by the Manager or its Affiliates.

(e)        Changes To Fee Structure.  In the event the Shares are listed on a national securities exchange, CPA: 18 and the Manager shall negotiate in good faith to establish a fee structure appropriate for an entity with a perpetual life.  A majority of the Independent Directors must approve the new fee structure negotiated with the Manager.  In negotiating a new fee structure, the Independent Directors may consider any of the factors they deem relevant, including but not limited to: (a) the size of the Asset Management Fee in relation to the size, composition and profitability of CPA: 18’s portfolio; (b) the rates charged to other REITs and to investors other than REITs by managers performing similar services; (c) additional revenues realized by the Manager and its Affiliates through their relationship with CPA: 18, including loan administration, underwriting or broker commissions, servicing, engineering, inspection and other fees, whether paid by CPA: 18 or by others with whom CPA: 18 does business; (d) the quality and extent of service furnished by the Manager; (e) the performance of the investment portfolio of CPA: 18, including income, conservation or appreciation of capital, frequency of problem investments and competence in dealing with distress situations and (f) the quality of the portfolio of CPA: 18 in relationship to the portfolio of real properties owned and managed by the Manager and its Affiliates for the account of other clients.  The new fee structure can be no more favorable to the Manager than the current fee structure.  The Independent Directors shall not approve any new fee structure that is in their judgment more favorable (taken as a whole) to the Manager than the current fee structure.

(f)        Payment.  Compensation payable pursuant to this Section 9 shall be paid directly to the Manager; provided, however, that any fee payable pursuant to this Section 9 may be paid, at the option of the Manager, in the form of: (i) cash, (ii) restricted Class A common stock of CPA: 18, or (iii) a combination of cash and restricted Class A common stock.  The Manager shall notify CPA: 18 in writing annually of the form in which the fee shall be paid.  Such notice shall be provided no later than December 31 of the year prior to the year to which such election applies.  If no such notice is provided, the fee shall be paid in cash.  For purposes of the payment of compensation to the Manager in the form of stock, the value of each share of restricted Class A common stock shall be: (i) the Net Asset Value per share of Class A common stock as determined based on the most recent appraisal of CPA: 18’s assets performed by an Independent Appraiser, or (ii) if an appraisal has not yet been performed, $10 per share.  If shares are being offered to the public at the time a fee is paid with stock, the value shall be the price of the stock without commissions.  The Net Asset Value determined on the basis of such appraisal may be adjusted on a quarterly or other basis by the Board to account for significant capital transactions.  Stock issued by CPA: 18 to the Manager in payment of fees hereunder shall be governed by the terms set forth in Schedule A hereto, or such other terms as the Manager and CPA: 18 may from time to time agree.

10.       Expenses.  To the extent applicable, in addition to the compensation paid to the Manager pursuant to Section 9 hereof, the Operating Partnership shall pay directly or reimburse the Manager for the following expenses:

(i)         interest and other costs for borrowed money, including discounts, points and other similar fees;

(ii)        taxes and assessments on income of CPA: 18, to the extent paid or advanced by the Manager, or on Investments and taxes as an expense of doing business, in each case attributable to Properties or non-United States activities;

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(iii)       expenses of managing and operating Investments owned by CPA: 18, whether payable to an Affiliate of the Manager or a non-affiliated Person;

(iv)       fees and expenses of legal counsel for CPA: 18 attributable to Investments;

(v)        fees and expense of auditors and accountants for CPA: 18 attributable to Investments;

(vi)       expenses related to the Investments and other fees relating to disposing of investments including personnel and other costs incurred in transactions relating to Investments where a fee is not payable to the Manager; and

(vii)      all other expenses the Manager incurs in connection with providing services to CPA: 18 hereunder including reimbursement to the Manager or its Affiliates for the cost of rent, goods, materials and personnel incurred by them based upon the compensation of the Persons involved and an appropriate share of overhead allocable to those Persons as reasonably determined by the Manager on a basis approved annually by the Board (including a majority of the Independent Directors).

No reimbursement shall be made for the cost of personnel to the extent that such personnel are used in transactions for which the Manager receives a separate fee.

Expenses incurred by the Manager on behalf of CPA: 18 and payable pursuant to this Section 10 shall be reimbursed quarterly to the Manager within 60 days after the end of each quarter, subject to the provisions of Section 13 hereof.  The Manager shall prepare a statement documenting the Operating Expenses of CPA: 18 within 45 days after the end of each quarter.

11.       Other Services.  Should the Board request that the Manager or any partner or employee thereof render services for CPA: 18 other than as set forth in Section 3 hereof, such services shall be separately compensated and shall not be deemed to be services pursuant to the terms of this Agreement.

12.       Fidelity Bond.  The Manager shall maintain a fidelity bond for the benefit of CPA: 18 which bond shall insure CPA: 18 from losses of up to $5,000,000 and shall be of the type customarily purchased by entities performing services similar to those provided to CPA: 18 by the Manager.

13.       Limitation on Expenses.

(a)        If the aggregate Operating Expenses under this Agreement and the Advisory Agreement during the 12-month period ending on the last day of any fiscal quarter of CPA: 18 exceed the greater of (i) two percent of the Average Invested Assets during the same 12-month period or (ii) 25% of the Adjusted Net Income of CPA: 18 during the same 12-month period, then subject to paragraph (b) of this Section 13, such excess amount shall be the sole responsibility of the Manager and neither the Operating Partnership nor CPA: 18 shall be liable for payment therefor.  CPA: 18 may defer the payment or distribution to the Manager and the Special General Partner of fees, expenses and distributions that would, if paid or distributed, cause Operating Expenses during such 12-month period to exceed the foregoing limitations; provided, however, that in determining which items shall be paid and which may be deferred, priority will be given to the payment of distributions to the Special General Partner over the payment to the Manager of amounts due under this Agreement.

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(b)        Notwithstanding the foregoing, to the extent that the Manager becomes responsible for any such excess amount as provided in paragraph (a), if a majority of the Independent Directors finds such excess amount or a portion thereof justified based on such unusual and non-recurring factors as they deem sufficient, CPA: 18 or the Operating Partnership shall reimburse the Manager in future quarters for the full amount of such excess, or any portion thereof, but only to the extent such reimbursement would not cause CPA: 18’s Operating Expenses to exceed the 2%/25% Guidelines in the 12-month period ending on the last day of such quarter.  In no event shall the Operating Expenses payable by CPA: 18 and the Operating Partnership in any 12-month period ending at the end of a fiscal quarter exceed the 2%/25% Guidelines.

(c)        Within 60 days after the end of any twelve-month period referred to in paragraph (a), the Manager shall reimburse CPA: 18 for any amounts expended by CPA: 18 in such twelve-month period that exceeds the limitations provided in paragraph (a) unless the Independent Directors determine that such excess expenses are justified, as provided in paragraph (b), and provided the aggregate Operating Expenses under this Agreement and the Advisory Agreement for such later quarter would not thereby exceed the 2%/25% Guidelines.  To the extent CPA: 18 is reimbursed for such excess expenses by the Advisor, CPA: 18 shall not also be entitled to reimbursement for such excess from the Manager.

(d)        All computations made under paragraphs (a) and (b) of this Section 13 shall be determined in accordance with GAAP applied on a consistent basis.

(e)        If the Special General Partner receives distributions pursuant to the agreement of limited partnership of the Operating Partnership in respect of realized gains on the disposition of an Investment, Adjusted Net Income, for purposes of calculating the Operating Expenses, shall exclude the gain from the disposition of such Investment.

14.       Other Activities of the Manager.  Nothing herein contained shall prevent the Manager from engaging in other activities, including without limitation direct investment by the Manager and its Affiliates in assets that would be suitable for CPA: 18, the rendering of services to other investors (including other REITs) and the management of other programs advised, sponsored or organized by the Manager or its Affiliates; nor shall this Agreement limit or restrict the right of the Manager or any of its Affiliates or of any director, officer, employee, partner or shareholder of the Manager or its Affiliates to engage in any other business or to render services of any kind to any other partnership, corporation, firm, individual, trust or association.  The Manager may, with respect to any investment in which CPA: 18 is a participant, also render service to each other participant therein.  Without limiting the generality of the foregoing, CPA: 18 acknowledges that the Manager provides or will provide services to other “Corporate Property Associates” or CPA(R) REIT funds, whether now in existence or formed hereafter, and that the Manager and its Affiliates may invest for their own account.  The Manager shall be responsible for promptly reporting to the Board the existence of any actual or potential conflict of interest that arises that may affect its performance of its duties under this Agreement.

Neither the Manager nor any Affiliate of the Manager shall be obligated generally to present any particular investment opportunity to CPA: 18 even if the opportunity is of a character which, if presented to CPA: 18, could be taken by CPA: 18.

15.       Relationship of Manager and Company.  CPA: 18 and the Manager agree that they have not created and do not intend to create by this Agreement a joint venture or partnership relationship between them and nothing in this Agreement shall be construed to make them partners or joint venturers or impose any liability as partners or joint venturers on either of them.

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16.       Term; Termination of Agreement.  This Agreement shall continue in force for so long as the Advisory Agreement remains in effect and shall automatically terminate upon the expiration or termination of the Advisory Agreement.

17.       Termination by Company.  At the sole option of the Board (including a majority of the Independent Directors), this Agreement may be terminated immediately by written notice of termination from CPA: 18 to the Manager upon the occurrence of events which would constitute Cause or if any of the following events occur:

(a)        If the Manager shall be adjudged bankrupt or insolvent by a court of competent jurisdiction, or an order shall be made by a court of competent jurisdiction for the appointment of a receiver, liquidator, or trustee of the Manager, for all or substantially all of its property by reason of the foregoing, or if a court of competent jurisdiction approves any petition filed against the Manager for reorganization, and such adjudication or order shall remain in force or unstayed for a period of 30 days; or

(b)        If the Manager shall institute proceedings for voluntary bankruptcy or shall file a petition seeking reorganization under the federal bankruptcy laws, or for relief under any law for relief of debtors, or shall consent to the appointment of a receiver for itself or for all or substantially all of its property, or shall make a general assignment for the benefit of its creditors, or shall admit in writing its inability to pay its debts, generally, as they become due.

Any notice of termination under Section 16 or 17 shall be effective on the date specified in such notice, which may be the day on which such notice is given or any date thereafter.  The Manager agrees that if any of the events specified in Section 17(a) or (b) shall occur, it shall give written notice thereof to the Board within 15 days after the occurrence of such event.

18.       Termination by Either Party.  This Agreement may be terminated immediately without penalty (but subject to the requirements of Section 20 hereof) by the Manager by written notice of termination to CPA: 18 upon the occurrence of events which would constitute Good Reason or by CPA: 18 without cause or penalty (but subject to the requirements of Section 20 hereof) by action of the Directors, a majority of the Independent Directors or by action of a majority of the Shareholders, in each case upon 60 days’ written notice.

19.       Assignment Prohibition.  This Agreement may not be assigned by the Manager without the approval of the Board (including a majority of the Independent Directors); provided, however, that such approval shall not be required in the case of an assignment to a corporation, partnership, association, trust or organization which may take over the assets and carry on the affairs of the Manager, provided: (i) that at the time of such assignment, such successor organization shall be owned substantially by an entity directly or indirectly controlled by the Sponsor and only if such entity has a net worth of at least $5,000,000, and (ii) that the board of directors of the Manager shall deliver to the Board a statement in writing indicating the ownership structure and net worth of the successor organization and a certification from the new Manager as to its net worth.  Such an assignment shall bind the assignees hereunder in the same manner as the Manager is bound by this Agreement.  The Manager may assign any rights to receive fees or other payments under this Agreement without obtaining the approval of the Board.  This Agreement shall not be assigned by CPA: 18 or the Operating Partnership without the consent of the Manager, except in the case of an assignment by CPA: 18 or the Operating Partnership to a corporation or other organization which is a successor to CPA: 18 or the Operating Partnership, in which case such successor organization shall be bound hereunder and by the terms of said assignment in the same manner as CPA: 18 or the Operating Partnership is bound by this Agreement.

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20.       Payments to and Duties of Manager Upon Termination.

(a)        After the Termination Date, the Manager shall not be entitled to compensation for further services hereunder but shall be entitled to receive from CPA: 18 the following:

(i)         all unpaid reimbursements of Operating Expenses payable to the Manager;

(ii)        all earned but unpaid Asset Management Fees payable to the Manager prior to the Termination Date;

(iii)       all earned but unpaid Disposition Fees payable to the Manager relating to the sale of any Investment prior to the Termination Date; and

(iv)       all earned but unpaid Property Management Fees and Loan Refinancing Fees, if any, payable to the Manager relating to the management of any property prior to the termination of this Agreement.

Notwithstanding the foregoing, if this Agreement is terminated by CPA: 18 for Cause, or by the Manager for other than Good Reason, the Manager will not be entitled to receive the sums in Section 20(a)(ii) through (iv).

(b)        Any and all amounts payable to the Manager pursuant to Section 20(a) that, irrespective of the termination, were payable on a current basis prior to the Termination Date either because they were not subordinated or all conditions to their payment had been satisfied, shall be paid within 90 days after the Termination Date.  All other amounts shall be paid in a manner determined by the Board, but in no event on terms less favorable to the Manager than those represented by a note (i) maturing upon the liquidation of CPA: 18 or the Operating Partnership or three years from the Termination Date, whichever is earlier, (ii) with no less than twelve equal quarterly installments and (iii) bearing a fair, competitive and commercially reasonable interest rate (the “Note”).  The Note, if any, may be prepaid by the Operating Partnership at any time prior to maturity with accrued interest to the date of payment but without premium or penalty.  Notwithstanding the foregoing, any amounts that relate to Investments (i) shall be an amount which provides compensation to the Manager only for that portion of the holding period for the respective Investments during which the Manager provided services to CPA: 18, (ii) shall not be due and payable until the Investment to which such amount relates is sold or refinanced, and (iii) shall not bear interest until the Investment to which such amount relates is sold or refinanced.  A portion of the amount shall be paid as each Investment owned by CPA: 18 on the Termination Date is sold.  The portion of such amount payable upon each such sale shall be equal to (i) such amount multiplied by (ii) the percentage calculated by dividing the fair value (at the Termination Date) of the Investment sold by CPA: 18 divided by the total fair value (at the Termination Date) of all Investments owned by CPA: 18 on the Termination Date.

(c)        The Manager shall promptly upon termination:

(i)         pay over to the Operating Partnership all money collected and held for the account of CPA: 18 pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled;

(ii)        deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board;

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(iii)       deliver to the Board all Investments and documents of CPA: 18 then in the custody of the Manager; and

(iv)       cooperate with CPA: 18 to provide an orderly management transition.

21.       Indemnification by CPA: 18 and the Operating Partnership.

(a)        Neither CPA: 18 nor the Operating Partnership shall indemnify the Manager or any of its Affiliates for any loss or liability suffered by the Manager or the Affiliate, or hold the Manager or the Affiliate harmless for any loss or liability suffered by CPA: 18 or the Operating Partnership, except as permitted under Section 7.

22.       Indemnification by Manager.  The Manager shall indemnify and hold harmless CPA: 18 and the Operating Partnership from liability, claims, damages, taxes or losses and related expenses including attorneys’ fees, to the extent that such liability, claims, damages, taxes or losses and related expenses are not fully reimbursed by insurance and are incurred by reason of the Manager’s bad faith, fraud, willful misfeasance, misconduct, negligence or reckless disregard of its duties.

23.       Joint and Several Obligations.  Any obligations of CPA: 18 shall be construed as the joint and several obligations of CPA: 18 and the Operating Partnership, unless otherwise specifically provided in this Agreement

24.       Notices.  Any notice, report or other communication required or permitted to be given hereunder shall be in writing unless some other method of giving such notice, report or other communication is accepted by the party to whom it is given, and shall be given by being delivered by hand or by overnight mail or other overnight delivery service to the addresses set forth herein:

To the Board, CPA: 18 and the Operating Partnership:	Corporate Property Associates 18 - Global Incorporated 50 Rockefeller Plaza
	New York, NY 10020 Attention: Chairman of the Audit Committee of the Board of Directors
To the Manager:	W.P. Carey & Co. B.V.
	Strawinskylaan 741, C-7
	1077XX Amsterdam
	The Netherlands

Either party may at any time give notice in writing to the other party of a change in its address for the purposes of this Section 24.

25.       Modification.  This Agreement shall not be changed, modified, terminated, or discharged, in whole or in part, except by an instrument in writing signed by both parties hereto, or their respective successors or assignees.

26.       Severability.  The provisions of this Agreement are independent of and severable from each other, and no provision shall be affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or unenforceable in whole or in part.

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27.       Construction.  This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of New York.

28.       Entire Agreement.  This Agreement contains the entire agreement and understanding among the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature whatsoever with respect to the subject matter hereof.  The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof.  This Agreement may not be modified or amended other than by an agreement in writing.

29.       Indulgences, Not Waivers.  Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence.  No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.

30.       Gender.  Words used herein regardless of the number and gender specifically used, shall be deemed and construed to include any other number, singular or plural, and any other gender, masculine, feminine or neuter, as the context requires.

31.       Titles Not to Affect Interpretation.  The titles of Sections and subsections contained in this Agreement are for convenience only, and they neither form a part of this Agreement nor are they to be used in the construction or interpretation hereof.

32.       Execution in Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument.  This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories.

33.       Name.  W. P. Carey Inc. has a proprietary interest in the name “Corporate Property Associates” and “CPA®.” Accordingly, and in recognition of this right, if at any time CPA: 18 ceases to retain W. P. Carey & Co. B.V., or an Affiliate thereof to perform the services of Manager, CPA: 18 will, promptly after receipt of written request from W. P. Carey & Co. B.V., cease to conduct business under or use the name “Corporate Property Associates” or “CPA®” or any diminutive thereof and CPA: 18 shall use its best efforts to change the name of CPA: 18 to a name that does not contain the name “Corporate Property Associates” or “CPA®” or any other word or words that might, in the sole discretion of the Manager, be susceptible of indication of some form of relationship between CPA: 18 and the Manager or any Affiliate thereof.  Consistent with the foregoing, it is specifically recognized that the Manager or one or more of its Affiliates has in the past and may in the future organize, sponsor or otherwise permit to exist other investment vehicles (including vehicles for investment in real estate) and financial and service organizations having “Corporate Property Associates” or “CPA®” as a part of their name, all without the need for any consent (and without the right to object thereto) by CPA: 18 or its Directors.

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IN WITNESS WHEREOF, the parties hereto have executed this Asset Management Agreement as of the day and year first above written.

CORPORATE PROPERTY ASSOCIATES 18 — GLOBAL INCORPORATED
By: /s/ Catherine D. Rice
Name:	Catherine D. Rice
Title:	Chief Financial Officer
CPA: 18 LIMITED PARTNERSHIP
By: CORPORATE PROPERTY ASSOCIATES 18— GLOBAL INCORPORATED, its general partner
By: /s/ Catherine D. Rice
Name:	Catherine D. Rice
Title:	Chief Financial Officer
W. P. CAREY & CO. B.V.
By: /s/ Greg Butchart
Name:	Greg Butchart
Title:	Managing Director
By: /s/ Thomas E. Zacharias
Name:	Thomas E. Zacharias
Title:	Managing Director

SCHEDULE A

This Schedule sets forth the terms governing any shares of Class A common stock of CPA: 18 (the “Shares”) issued by CPA: 18 to the Manager in payment of asset management fees set forth in the Agreement.

1.   Restrictions.  The Shares are subject to vesting over a five-year period.  The Shares shall vest ratably over a five-year period with 20% of the Shares paid in each payment vesting on each of the first through fifth anniversary of the date hereof.  Prior to the vesting of the ownership of the Shares in the Manager, the Shares may not be transferred by the Manager.

2.   Immediate Vesting.  Upon the expiration of the Agreement for any reason other than a termination for Cause under paragraph 16 or upon a “Change of Control” of CPA®:18 (as defined below), all Shares granted to the Manager hereunder shall vest immediately and all restrictions shall lapse.  For purposes of this Schedule A, a “Change of Control” of CPA: 18 shall be deemed to have occurred if there has been a change in the ownership of CPA: 18 of a nature that would be required to be reported in response to the disclosure requirements of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as enacted and in force on the date hereof, whether or not CPA: 18 is then subject to such reporting requirements; provided, however, that, without limitation, a Change of Control shall be deemed to have occurred if:

(i)         any “person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than CPA: 18, any of its subsidiaries, any trustee, fiduciary or other person or entity holding securities under any employee benefit plan of CPA: 18 or any of its subsidiaries), together with all “affiliates” and “associates” (as such terms are defined in Rule 14b-2 under the Exchange Act) of such person, shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of CPA: 18 representing 25% or more of either (A) the combined voting power of CPA: 18’s then outstanding securities having the right to vote in an election of the Board (“Voting Securities”) or (B) the then outstanding common stock of CPA: 18 (in either such case other than as a result of acquisition of securities directly from CPA: 18);

(ii)        persons who, as of the date hereof, constitute the Board (the “Incumbent Directors”) cease for any reason, including without limitation, as a result of a tender offer, proxy contest, merger or similar transaction, to constitute at least a majority of the Board, provided that any person becoming a director of CPA: 18 subsequent to the date hereof whose election or nomination for election was approved by a vote of at least a majority of the Incumbent Directors shall be considered an Incumbent Director; or

(iii)       the stockholders of CPA: 18 shall approve (A) any consolidation or merger of CPA: 18 or any subsidiary where the stockholders of CPA: 18, immediately prior to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, shares representing in the aggregate 50% or more of the voting equity of the entity issuing cash or securities in the consolidation or merger (or of its ultimate parent entity, if any), (B) any sale, lease, exchange or other transfer (in one transaction or a series of transactions contemplated or arranged by any party as a single plan) of all or substantially all of the assets of CPA: 18 or (C) any plan or proposal for the liquidation or dissolution of CPA: 18.

A - 1

Notwithstanding the foregoing, a “Change of Control” shall not be deemed to have occurred for purposes of the foregoing clause (i) solely as the result of an acquisition of securities by CPA: 18 which, by reducing the number of Shares of Common Stock outstanding, increases (A) the proportionate number of Shares beneficially owned by any person to 25% or more of the Shares then outstanding, or (B) the proportionate voting power represented by the Shares beneficially owned by any person to 25% or more of the combined voting power of all then outstanding voting Securities; provided, however, that if any person referred to in clause (A) or (B) of this sentence shall thereafter become the beneficial owner of any additional Shares or other Voting Securities (other than pursuant to a Share split, Share dividend, or similar transaction), then a “Change of Control” shall be deemed to have occurred for purposes of the foregoing clause (i).

3.         Exception.  Notwithstanding anything else in this Agreement to the contrary, the Shares shall continue to vest according to the vesting schedule in Section 1 regardless of:  (a) the expiration of the Asset Management Agreement for any reason other than a termination by CPA: 18 for Cause or a resignation by the Manager for other than Good Reason, (b) the merger of CPA: 18 and an Affiliate of CPA: 18 or (c) any “Change of Control” of CPA: 18 in connection with a merger with an Affiliate of CPA: 18.

A - 2

EX-31.1

Exhibit 31.1

Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Trevor P. Bond, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Corporate Property Associates 18 – Global Incorporated;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an Annual Report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 7, 2013

/s/ Trevor P. Bond

Trevor P. Bond

Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Catherine D. Rice, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Corporate Property Associates 18 – Global Incorporated;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an Annual Report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 7, 2013

/s/ Catherine D. Rice

Catherine D. Rice

Chief Financial Officer

EX-32

Exhibit 32

Certifications Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Corporate Property Associates 18 – Global Incorporated on Form 10-Q for the period ended June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned officers of Corporate Property Associates 18 – Global Incorporated, does hereby certify, to the best of such officer’s knowledge and belief, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Corporate Property Associates 18 – Global Incorporated.

Date: August 7, 2013

/s/ Trevor P. Bond

Trevor P. Bond

Chief Executive Officer

Date: August 7, 2013

/s/ Catherine D. Rice

Catherine D. Rice

Chief Financial Officer

The certification set forth above is being furnished as an exhibit solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and is not being filed as part of the Report as a separate disclosure document of Corporate Property Associates 18 – Global Incorporated or the certifying officers.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Corporate Property Associates 18 – Global Incorporated and will be retained by Corporate Property Associates 18 – Global Incorporated and furnished to the Securities and Exchange Commission or its staff upon request.

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Commitments and Contingencies (Narratives) (Details) (USD $)	Jun. 30, 2013
Equity Distributions
Distributions threshold	$ 2,000,000
Common Stock Class A
Equity Distributions
Daily distribution rate	$ 0.0016983
Distribution declaration date	2013-06
Common Stock Class C
Equity Distributions
Daily distribution rate	$ 0.0014442
Distribution declaration date	2013-06
Scenario One
Public Offering
Aggregate gross proceeds threshold	4.00%
Scenario One | Maximum
Public Offering
Potential gross proceeds from offering	500,000,000
Scenario Two
Public Offering
Aggregate gross proceeds threshold	2.00%
Scenario Two | Maximum
Public Offering
Potential gross proceeds from offering	750,000,000
Scenario Two | Minimum
Public Offering
Potential gross proceeds from offering	500,000,000
Scenario Three
Public Offering
Aggregate gross proceeds threshold	1.50%
Scenario Three | Minimum
Public Offering
Potential gross proceeds from offering	$ 750,000,000

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Consolidated Statement of Operations (Unaudited) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
Operating Expenses
General and administrative	$ (65,240)	$ (65,240)
Operating Expenses	(65,240)	(65,240)
Net Loss	$ (65,240)	$ (65,240)
Common Stock Class A
Loss Per Share
Class A Common Stock	$ (2.81)	$ (2.81)
Weighted Averages Shares Outstanding
Class A common stock	23,222	23,222

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Agreements and Transactions with Related Parties

6 Months Ended

Jun. 30, 2013

Agreements and Transactions with Related Parties

Agreements and Transactions with Related Parties

Note 3. Agreements and Transactions with Related Parties

Advisory Fees

Effective May 7, 2013, we entered into an advisory agreement with the advisor to perform certain services for us under a fee arrangement, including managing our initial public offering, the identification, evaluation, negotiation, purchase, and disposition of real estate and related assets, day-to-day management, and the performance of certain administrative duties.

The advisor will also receive acquisition fees, a portion of which is payable upon acquisition and a portion that is subordinated to a preferred return. The initial acquisition fee is equal to 2.5% of the aggregate total cost of an investment for all investments other than those in readily-marketable real estate securities purchased in the secondary market, for which the advisor will not receive any acquisition fees. The subordinated acquisition fee is equal to 2.0% of the aggregate total cost of an investment for all investments other than those in readily-marketable real estate securities purchased in the secondary market, for which the advisor will not receive any subordinated acquisition fees. The total acquisition fees to be paid (current and subordinated, and including interest thereon) will not exceed 6.0% of the aggregate contract purchase price of all investments and loans. Pursuant to the advisory agreement, the advisor will also be entitled to an annual asset management fee ranging from 0.5% to 1.5%, depending on the type of investment and based on the average market value or average equity value, as applicable, of our investments. In addition, pursuant to the advisory agreement, the advisor may be entitled to receive a disposition fee in an amount equal to the lesser of (i) 50.0% of thecompetitivereal estate commission (as defined in the advisory agreement) paid or (ii) 3.0% of the contract sales price of the investment being sold.

Organization and Offering Costs

Pursuant to the advisory agreement with the advisor, we shall reimbursethe advisor for organization and offering costs incurred in connection with our initial public offering. Reimbursement of such costs was contingent on the commencement of the offering, which occurred on May 7, 2013, and raising the minimum offering amount, which was set at $2,000,000. Through June 30, 2013, the advisor had incurred organization and offering costs on our behalf of $65,240 and $3,080,456, respectively.Pursuant to the advisory agreement, and as described in Note 4, we will become liable for all or a portion of these costs subject to the maximum allowable amount based on the gross offering proceeds received. We did not raise the minimum offering amount until July 25, 2013, and, therefore, we did not reimburse any such amounts to the advisor as of June 30, 2013.

Excess Operating Expenses

For the three months endedJune 2013, we charged $76,585 back to the advisor for excess operating expenses pursuant to our advisory agreement. The agreement provides that for any four trailing quarters (with quoted variables as defined in the advisory agreement) “operating expenses” may not exceed the greater of 2.0% of “average invested assets” or 25.0% of our “adjusted net income.” We may, however, become liable for these costs in the future if our results improve or our invested assets increase substantially.

Dealer Manager Fees

Effective May 7, 2013, we entered into a dealer manager agreement with Carey Financial, whereby Carey Financial receives a selling commission, depending on the class of common stock sold, of up to $0.70 or$0.14 per share sold and a dealer manager fee of up to $0.30 or $0.21 per share sold for the Class A and Class C Shares, respectively.

Carey Financial will also receive an annual distribution and shareholder servicing fee (“shareholder servicing fee”) in connection with sales of our Class C Shares. The amount of the shareholder servicing fee will be 1.0% of the selling price per share (or, once reported, the amount of our estimated net asset value per share) for the Class C Shares in our initial public offering. The shareholder servicing fee will accrue daily and be payable quarterly in arrears. We will cease paying the shareholder servicing fee on the date at which, in the aggregate, underwriting compensation from all sources, including the shareholder servicing fee, any organizational and offering fee paid for underwriting and underwriting compensation paid by W. P. Carey and its affiliates, equals 10.0% of the gross proceeds from our initial public offering. We had not admitted any stockholders as of June 30, 2013, and, therefore, we did not accrue any shareholder servicing fees.

Operating Partnership

Pursuant to the partnership agreement of the Operating Partnership, CPA®:18 Holdings, an affiliate of the advisor, will own a special general partnership interest entitling it to receive 10.0% of distributions of available cash of the Operating Partnership for our investments, other than those in readily-marketable real estate securities purchased in the secondary market, for which CPA®:18 Holdings will not receive any distributions. TheOperating Partnership was formed on April 8, 2013.CPA®:18 Holdings acquired its special general partner interest on July 3, 2013 for the amount of $209,000.

Loans from W. P. Carey

Our Board of Directors and the board of directors of W. P. Carey have each approved loans to us of up to $100,000,000, in the aggregate, at a rate of the London inter-bank offered rate (“LIBOR”) plus 1.75%,for the purpose of funding acquisitions approved by our investment committee, with any loans to be made solely at the discretion of the management of W. P. Carey. As of June 30, 2013, we have no outstanding balance related to the aforementioned loans from W. P. Carey.

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Subsequent Events (Narratives) (Details) (USD $)			0 Months Ended				0 Months Ended
	Jul. 03, 2013	Jun. 30, 2013	Aug. 05, 2013 Class A	Jun. 30, 2013 Class A	Dec. 31, 2012 Class A	Jul. 26, 2013 Class A Independent directors	Aug. 05, 2013 Class C	Jul. 03, 2013 CPA 18 Holdings
Noncontrolling Interest Contribution and Investor Capital Inflow
Subsriptions for common stock		$ 2,000,000
Capital interest ownership in operating partnership	99.985%	100.00%
Cash receipts for special general partneship interest								209,000
Special general partner interest								0.015%
Investor Inflow
Common stock, shares issued				23,222	0	1,851
Cumulative funds from offering			$ 3,584,500				$ 1,186,400

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Consolidated Statements of Equity (Unaudited) (Parentheticals) (Carey REIT II, USD $)	Dec. 31, 2012
Carey REIT II
Statements of Equity (Unaudited)
Common stock, par value	$ 0.001
Per share price issued to Carey REIT II	$ 9.00

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Business

6 Months Ended

Jun. 30, 2013

Business

Business

Note 1.Business

Organization

Corporate Property Associates 18 – Global Incorporated ( “we”, “us” or “our”) is a Maryland corporation formed in September 2012 for the purpose of investing primarily in a diversified portfolio of income-producing commercial real estate properties and other real estate related assets, both domestically and outside the United States (“U.S.”). We intend to qualify as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986 (the “Code”) for the taxable year ending December 31, 2013, and intend to conduct substantially all of our investment activities and own all of our assets through CPA:18 Limited Partnership, a Delaware limited partnership, which is our “Operating Partnership.”We area general partner and a limited partner and,as of June 30, 2013, owned100.0%of the capital interests in the Operating Partnership. The Operating Partnership was formed on April 8, 2013. On July 3, 2013, WPC–CPA®:18 Holdings, LLC (“CPA®:18 Holdings”), a subsidiary of W. P. Carey Inc. (“W. P. Carey”), acquired a 0.015%special general partner interest in the Operating Partnership. We had nosignificant operations atJune 30, 2013.

Carey Asset Management Corp., a subsidiary of W. P. Carey, is our “advisor” and manages our business. The advisor also currently manages two other affiliated Corporate Property Associates REITs. W. P. Carey & Co B.V., an affiliate of our advisor, will provide asset management services with respect to any non-U.S. investments that we may make in the future.

Our core investment strategy is to acquire, own and manage a diversified portfolio of income producing commercial real estate properties and other real estate real assets.

On April 8, 2013, with the approval of our Board of Directors, we amended our articles of incorporation. Pursuant to the amended and restated articles of incorporation, we are authorized to issue 320,000,000 shares of Class A common stock, 80,000,000 shares of Class C common stock, and 50,000,000 shares of preferred stock. All of the authorized shares have a par value of $0.001 per share.

Public Offering

On May 7, 2013, our Registration Statement was declared effective by the SECunder the Securities Act of 1933, as amended (the “Securities Act”). This Registration Statement covers our initial public offering of up to $1.0 billion of common stock, in any combination of Class A and Class C Sharesat a price of $10.00 per Class A Share and $9.35 per Class C Share. The Registration Statement also covers the offering of up to $400,000,000 in common stock, in any combination of Class A and Class C Shares, pursuant to our distribution reinvestment and stock purchase plan (“DRIP”) at a price of $9.60 per Class A Share and $8.98 per Class C Share. Our initial public offering is being offered on a “best efforts” basis by Carey Financial, LLC (“Carey Financial”),our dealer manager and an affiliate of the advisor, and selected other dealers. We currently intend to sell shares in our initial public offering until May 7, 2015; however, our Board of Directors may decide to extend the offering for up to an additional 18 months, and if so we would announce such extension in a prospectus supplement. In some states, we will need to renew our registration annually in order to continue offering our shares beyond the initial registration period.

On September 13, 2012, Carey REIT II, Inc. (“Carey REIT II”), a subsidiary of W. P. Carey and an affiliate of our advisor, purchased 1,000 shares of our common stock, par value $0.001 per share, for an aggregate purchase price of $9,000 and was admitted as our initial stockholder. On December 14, 2012, we received anadditional capital contribution from Carey REIT II for $200,000 in exchange for 22,222 shares of our common stock, par value $0.001 per share. Carey REIT II purchased its shares at $9.00 per share, net of selling commissions and fees which would have otherwise been payable to Carey Financial. On April8, 2013, the shares held by Carey REIT II were renamed as Class A shares.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies

Commitments and Contingencies

Note 4.Commitments and Contingencies

As of June30, 2013, we were not involved in any litigation.

We are liable for certain expenses related to our initial public offering, which include filing, legal, accounting, printing, advertising, transfer agent, and escrow fees, and are to be deducted from the gross proceeds of the offering (Notes 2 and 3). We will reimburse Carey Financial or selected dealers for reasonable bona fide due diligence expenses incurred that are supported by a detailed and itemized invoice. The total underwriting compensation to Carey Financial and selected dealers in connection with the offering cannot exceed limitations prescribed by the Financial Industry Regulatory Authority, Inc. The advisor has agreed to be responsible for the repayment of organization and offering expenses (excluding selling commissions and dealer manager fees paid to Carey Financial with respect to shares held by clients of it and selected dealers and fees paid and expenses reimbursed to selected dealers) that exceed in the aggregate 4.0% of the gross proceeds from theinitial public offering if the gross proceeds are less than $500,000,000, 2.0% of the gross proceeds from theinitial public offering if the gross proceeds are $500,000,000 or more but less than $750,000,000, and 1.5% of the gross proceeds from theinitial public offering if the gross proceeds are $750,000,000 or more.

Distributions Declared

Daily distributions began to accrue once subscription proceeds for our common stock reachedthe minimum offering amount of $2,000,000 and we began admitting stockholders on July 25, 2013. As of June 30, 2013, we had not raised the minimum amount of subscription proceeds and, therefore, nodistributions had accrued for either Class A or Class C Shares at that date.

On June 19, 2013, our Board of Directors declared distributions at a daily rate of $0.0016983 for the Class A Shares and $0.0014442 for the Class C Shares for the quarter ending September 30, 2013, payable to stockholders of record on each day of the quarter on or about October 15, 2013.

Distributions are declared in the discretion of our Board of Directors and are not guaranteed. Until we substantially invest the net proceeds of the offering, distributions will be paid from offering proceeds, which reduces amounts available to invest in properties and could lower our overall return.

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Basis of Presentation

6 Months Ended

Jun. 30, 2013

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Note 2.Basis of Presentation

Basis of Presentation

Our interim consolidated financial statements have been prepared, without audit, in accordance with the instructions to Form 10-Q and therefore do not necessarily include all information and footnotes necessary for a fair statement of our consolidated financial position, results of operations and cash flows in accordance with accounting principles generally accepted in the U.S. (“GAAP”).

In the opinion of management, the unaudited consolidated financial information for the interim periods presented in this Report reflects all normal and recurring adjustments necessary for a fair statement ofresults of operations,financial position and cash flows. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year.

We had no significant operations at June 30, 2013. Our operating expenses for the three and six months ended June 30, 2013 consistedsolely of organizational costs. We had no operating activity prior to April8, 2013.

Basis of Consolidation

The consolidated financial statements reflect all of our accounts, including those of our wholly-owned Operating Partnership subsidiary. All significant intercompany accounts and transactions have been eliminated.

As of June 30, 2013, our wholly-owned Operating Partnership was our only subsidiary, which we consolidatedbecause we control all decisions regarding our Operating Partnership. We apply the accounting guidance for consolidation of variable interest entities (“VIE”) in which the equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. Based on our evaluation of the Operating Partnership under the consolidation guidance for VIE, we deemed the Operating Partnership not to be a VIE.

Cash and Cash Equivalents

We consider all short-term, highly-liquid investments that are both readily convertible to cash and have a maturity of generally three months or less at the time of purchase to be cash equivalents. Items classified as cash equivalents include commercial paper and money-market funds. Our cash and cash equivalents are held in the custody of one financial institution.These balances, at times, may exceed federally-insurable limits. We will seek to mitigate this risk by depositing funds only with major financial institutions.

Federal Income Taxes

We intend to qualify as a REIT under the Code beginning with our taxable year ending December 31, 2013. In order to maintain our qualification as a REIT, we will be required to, among other things, distribute at least 90.0% of our REIT taxable income to our stockholders and meet certain tests regarding the nature of our income and assets. Under the Code, REITs are subject to numerous organizational and operational requirements including limitations on certain types of gross income. As a REIT, we generally will not be subject to U.S. federal income tax on income that we distribute to stockholders. If we fail to qualify for taxation as a REIT for any taxable year, our income will be taxed at regular corporate rates, and we may not be able to qualify for treatment as a REIT for that year and the next four years. Even if we qualify as a REIT for U.S. federal income tax purposes, we may be subject to federal, state, local, and foreign taxes on our income and property and to income and excise taxes on our U.S. undistributed income.

In the future, we may elect to treat one or more of ourcorporate subsidiaries as a taxable REIT subsidiary (“TRS”). In general, a TRS may perform additional services for our tenants and generally may engage in any real estate or non-real estate related business (except for the operation or management of health care facilities or lodging facilities or providing to any person, under a franchise, license or otherwise, rights to any brand name under which any lodging facility or health care facility is operated). A TRS is subject to corporate federal income tax.

Organization and Offering Costs

The advisor has paid various organization and offering costs on our behalf, all or a portion of which we arepartially liable for under the advisory agreement (see Note 3). During the offering period, costs incurred in connection with the raising of capital will be accrued as deferred offering costs. Upon receipt of offering proceeds, we will charge the deferred costs to stockholders' equity and will reimburse the advisor for costs incurred. Such reimbursements will not exceed regulatory cost limitations. Organization costs will be expensed as incurred and will be included in general and administrative expenses in the financial statements.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.

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Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Equity:
Preferred stock, par value	$ 0.001
Preferred stock, authorized	50,000,000	0
Common Stock Class A
Equity:
Common stock, par value	$ 0.001
Common stock, shares authorized	320,000,000	0
Common stock, shares issued	23,222	0
Common stock, shares outstanding	23,222	0
Common Stock Class C
Equity:
Common stock, par value	$ 0.001
Common stock, shares authorized	80,000,000	0
General Common Stock
Equity:
Common stock, par value		0.001
Common stock, shares authorized	0	25,000
Common stock, shares issued	0	23,222
Common stock, shares outstanding	0	23,222

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Consolidated Statement of Cash Flows (Unaudited) (Parenthetical) (Details) (USD $)	6 Months Ended
	Jun. 30, 2013
Non-cash investing activities:
Organizational cost	$ 65,240
Deferred offering cost	3,080,456
Operating expense charge back	$ 76,585

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Consolidated Statements of Equity (Unaudited) (USD $)	Total	Class A	General Common Stock	Additional Paid-In Capital	Accumulated Deficit
Beginning equity balance, value at Sep. 07, 2012	$ 0	$ 0	$ 0	$ 0	$ 0
Beginning equity balance, shares at Sep. 07, 2012		0	0
Statements of Equity (Unaudited)
Shares, $.001 par value, issued to Carey REIT II at $9.00 per share, value	209,000		23	208,977
Shares, $.001 par value, issued to Carey REIT II at $9.00 per share, shares			23,222
Ending equity balance, value at Dec. 31, 2012	209,000		23	208,977
Ending equity balance, shares at Dec. 31, 2012			23,222
Statements of Equity (Unaudited)
Renaming of General Shares to Class A Shares, value		23	(23)
Renaming of General Shares to Class A Shares, shares		23,222	(23,222)
Net Loss	(65,240)				(65,240)
Ending equity balance, value at Jun. 30, 2013	$ 143,760	$ 23		$ 208,977	$ (65,240)
Ending equity balance, shares at Jun. 30, 2013		23,222

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Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents	$ 209,000	$ 209,000
Deferred offering cost	3,080,456
Total Assets	3,289,456	209,000
Liabilities
Due to affiliates	3,145,696
Total Liabilities	3,145,696
Commitments and contingencies (Note 4)
Equity:
Preferred stock	0	0
Additional paid-in capital	208,977	208,977
Accumulated deficit	(65,240)	0
Total equity	143,760	209,000
Total liabilities and equity	3,289,456	209,000
Common Stock Class A
Equity:
Common stock	23	0
Common Stock Class C
Equity:
Common stock	0	0
General Common Stock
Equity:
Common stock	$ 0	$ 23

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Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2013

Summary of Significant Accounting Policies

Basis of Presentation, Policy

Basis of Presentation

Our interim consolidated financial statements have been prepared, without audit, in accordance with the instructions to Form 10-Q and therefore do not necessarily include all information and footnotes necessary for a fair statement of our consolidated financial position, results of operations and cash flows in accordance with accounting principles generally accepted in the U.S. (“GAAP”).

In the opinion of management, the unaudited consolidated financial information for the interim periods presented in this Report reflects all normal and recurring adjustments necessary for a fair statement ofresults of operations,financial position and cash flows. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year.

We had no significant operations at June 30, 2013. Our operating expenses for the three and six months ended June 30, 2013 consistedsolely of organizational costs. We had no operating activity prior to April8, 2013.

Basis of Consolidation, Policy

Basis of Consolidation

The consolidated financial statements reflect all of our accounts, including those of our wholly-owned Operating Partnership subsidiary. All significant intercompany accounts and transactions have been eliminated.

As of June 30, 2013, our wholly-owned Operating Partnership was our only subsidiary, which we consolidatedbecause we control all decisions regarding our Operating Partnership. We apply the accounting guidance for consolidation of variable interest entities (“VIE”) in which the equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. Based on our evaluation of the Operating Partnership under the consolidation guidance for VIE, we deemed the Operating Partnership not to be a VIE.

Cash and Cash Equivalents, Policy

Cash and Cash Equivalents

We consider all short-term, highly-liquid investments that are both readily convertible to cash and have a maturity of generally three months or less at the time of purchase to be cash equivalents. Items classified as cash equivalents include commercial paper and money-market funds. Our cash and cash equivalents are held in the custody of one financial institution.These balances, at times, may exceed federally-insurable limits. We will seek to mitigate this risk by depositing funds only with major financial institutions.

Federal Income Tax, Policy

Federal Income Taxes

We intend to qualify as a REIT under the Code beginning with our taxable year ending December 31, 2013. In order to maintain our qualification as a REIT, we will be required to, among other things, distribute at least 90.0% of our REIT taxable income to our stockholders and meet certain tests regarding the nature of our income and assets. Under the Code, REITs are subject to numerous organizational and operational requirements including limitations on certain types of gross income. As a REIT, we generally will not be subject to U.S. federal income tax on income that we distribute to stockholders. If we fail to qualify for taxation as a REIT for any taxable year, our income will be taxed at regular corporate rates, and we may not be able to qualify for treatment as a REIT for that year and the next four years. Even if we qualify as a REIT for U.S. federal income tax purposes, we may be subject to federal, state, local, and foreign taxes on our income and property and to income and excise taxes on our U.S. undistributed income.

In the future, we may elect to treat one or more of ourcorporate subsidiaries as a taxable REIT subsidiary (“TRS”). In general, a TRS may perform additional services for our tenants and generally may engage in any real estate or non-real estate related business (except for the operation or management of health care facilities or lodging facilities or providing to any person, under a franchise, license or otherwise, rights to any brand name under which any lodging facility or health care facility is operated). A TRS is subject to corporate federal income tax.

Organization and Offering Cost, Policy

Organization and Offering Costs

The advisor has paid various organization and offering costs on our behalf, all or a portion of which we arepartially liable for under the advisory agreement (see Note 3). During the offering period, costs incurred in connection with the raising of capital will be accrued as deferred offering costs. Upon receipt of offering proceeds, we will charge the deferred costs to stockholders' equity and will reimburse the advisor for costs incurred. Such reimbursements will not exceed regulatory cost limitations. Organization costs will be expensed as incurred and will be included in general and administrative expenses in the financial statements.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.

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Agreements and Transactions with Related Parties (Narratives) (Details) (USD $)	0 Months Ended	6 Months Ended
	Jul. 03, 2013	Jun. 30, 2013
Agreements and Transactions with Related Parties
Organizational cost		$ 65,240
Deferred offering cost		3,080,456
Advisor's Initial Acquisition fee percentage		2.50%
Subordinated acquistion fee		2.00%
Maximum acquisition fees percentage of aggregate contract purchase price		6.00%
Percentage of brokerage commission disposition fee		50.00%
Percentage of contract sales price disposition fee		3.00%
Percentage of average invested asset		2.00%
Percentage of net income guideline		25.00%
Operating expense charge back		76,585
Distributions threshold		2,000,000
Line of Credit
Maximum line of credit approved by directors		100,000,000
Line of credit interest rate disclosure		the London inter-bank offered rate (“LIBOR”) plus 1.75%,
Due to Related Party
Shareholder servicing fee		1.00%
Shareholder servicing fee payment threshold		10.00%
Maximum
Due to Related Party
Annual asset management fee percentage		1.50%
Minimum
Due to Related Party
Annual asset management fee percentage		0.50%
Common Stock Class A
Due to Related Party
Dealer manager fee per share sold		$ 0.30
Selling commission per share sold		$ 0.70
Common Stock Class C
Due to Related Party
Dealer manager fee per share sold		$ 0.21
Selling commission per share sold		$ 0.14
CPA 18 Holdings
Due to Related Party
Special general partnership interest percentage		10.00%
Cash receipts for special general partneship interest	$ 209,000

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Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events

Subsequent Events

Note 5.Subsequent Events

Investor Capital Inflows

As of July 25, 2013, subscription proceeds for our common stock exceeded the minimum offering amount of $2,000,000 and we began admitting stockholders. Since we have begun to admit stockholders and through August 5, 2013, we have raised offering proceeds for both Class A Shares and Class C Shares of $3,584,500and $1,186,400 (net of selling commissions and discounts, where applicable), respectively.

Noncontrolling Interest Contribution

On July 3, 2013, CPA®:18 Holdings purchased a 0.015% capital interest in the Operating Partnership, representingits special general partnership interest, for$209,000. As a result of this transaction, our general partnership interest in the Operating Partnership was reduced to 99.985%.

Annual Independent Director Stock Grants

On July 26, 2013, we issued 1,851 shares of Class A common stock to each of our four independent directors. Thesegrantsvestedimmediatelyand the related compensation expense will be recognized as stock-based compensation expense during the third quarter of 2013.

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Consolidated Statement of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2013
Cash Flows - Operating Activities
Net Loss	$ (65,240)
Adjustment to net loss:
Non-cash increase in due to affiliates	65,240
Net Cash Provided by Operating Activities	0
Net increase in cash and cash equivalents	0
Cash and cash equivalents, beginning of period	209,000
Cash and cash equivalents, end of period	$ 209,000

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Business (Narratives) (Details) (USD $)	4 Months Ended													0 Months Ended
	Dec. 31, 2012	Jul. 03, 2013	Jun. 30, 2013	May 07, 2013	Apr. 08, 2013	Jun. 30, 2013 Common Stock Class A	May 07, 2013 Common Stock Class A	Apr. 08, 2013 Common Stock Class A	Dec. 31, 2012 Common Stock Class A	Jun. 30, 2013 Common Stock Class C	May 07, 2013 Common Stock Class C	Apr. 08, 2013 Common Stock Class C	Dec. 31, 2012 Common Stock Class C	Dec. 14, 2012 Carey REIT II	Sep. 13, 2012 Carey REIT II	Jul. 03, 2013 CPA 18 Holdings
Organization
Capital interest ownership in operating partnership		99.985%	100.00%
Special general partner interest																0.015%
Public Offering
Common stock shares maximum offering				$ 1,000,000,000
Common stock, par value on public offering date							$ 10.00				$ 9.35
Stock authorized during period share value dividend reinvestment plan				400,000,000
Common stock, par or stated value per share, pursuant to DRIP							$ 9.60				$ 8.98
Common stock, shares issued						23,222			0					22,222	1,000
Proceeds from the issuance of common stock	$ 209,000													$ 200,000	$ 9,000
Per share transaction price														$ 9.00
Common stock, shares authorized						320,000,000		320,000,000	0	80,000,000		80,000,000	0
Common stock, par value						$ 0.001		$ 0.001		$ 0.001		$ 0.001		$ 0.001	$ 0.001
Preferred stock, authorized	0		50,000,000		50,000,000
Preferred stock, par value			$ 0.001		$ 0.001

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Aug. 01, 2013 Class A	Aug. 01, 2013 Class C
Document Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001558235
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Registrant Name	Corporate Property Associates 18 Global Incorporated
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Entity Common Stock Shares Outstanding		353,035	122,075