Agreements and Transactions with Related Parties (Tables)

3 Months Ended

Mar. 31, 2014

The following tables present a summary of revenue earned and/or cash received from the Managed REITs for the periods indicated, included in the consolidated statements of income (in thousands):



	Three Months Ended March 31,
	2014		2013
Reimbursable costs from affiliates	$	39,732	$	11,968
Structuring revenue	17,750		6,342
Distributions of Available Cash	10,445		7,891
Asset management revenue ^(a)	9,754		9,993
Dealer manager fees	6,676		1,223
Deferred revenue earned	786		2,123
Interest income on deferred acquisition fees and loans to affiliates	175		255
	$	85,318	$	39,795



	Three Months Ended March 31,
	2014		2013
CPA^®:16 – Global ^(b)	$	7,998	$	13,942
CPA^®:17 – Global ^(c)	15,828		14,993
CPA^®:18 – Global ^(d)	56,176		—
CWI ^(d)	5,316		10,860
	$	85,318	$	39,795

___________


(a)	Excludes amounts received from third parties.

(b)

Upon completion of the CPA^®:16 Merger on January 31, 2014, we terminated the advisory agreement with CPA^®:16 – Global. Pursuant to the terms of the merger agreement, we waived the incentive or termination fee that we would have been entitled to receive from CPA^®:16 – Global pursuant to the terms of the advisory agreement. Amount shown for three months ended March 31, 2014 reflects transactions through January 31, 2014.


(c)	The current form of the advisory agreement is scheduled to expire on June 30, 2014, unless renewed pursuant to its terms.


(d)	The current form of the advisory agreement is scheduled to expire on September 30, 2014, unless renewed pursuant to its terms.

Schedule of Balances Due to and From Related Party

The following table presents a summary of amounts Due from affiliates (in thousands):



	March 31, 2014		December 31, 2013
Deferred acquisition fees receivable	$	20,479	$	19,684
Current acquisition fees receivable	6,120		4,149
Organization and offering costs	2,545		2,700
Reimbursable costs	2,150		334
Accounts receivable	1,203		3,716
Asset management fee receivable	—		1,451
	$	32,497	$	32,034

Reconciliation of Redeemable Securities

The following table presents a reconciliation of our Redeemable securities – related party (in thousands):



	Three Months Ended March 31,
	2014		2013
Beginning balance	$	—	$	40,000
Reclassification to a liability upon receipt of notice	—		(40,000		)
Ending balance	$	—	$	—