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Merger with CPA®:16 – Global (Details 1) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 0 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Jan. 31, 2014
CPA: 16 - Global
Jan. 31, 2014
Jointly Owned Investments
CPA: 16 - Global
Total Consideration          
Fair value of W.P.Carey shares of common stock issued       $ 1,815,521  
Cash consideration for fractional shares 1,338 0   1,338  
Merger consideration       1,816,859  
Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA:16 prior to the CPA:16 Merger       347,164 172,720
Fair value of noncontrolling interests acquired       (278,829)  
Total Consideration       2,057,914  
Assets Acquired at Fair Value          
Net investments in properties 4,379,052   2,353,391 1,969,274  
Net investments in direct financing leases 898,335   363,420 538,607  
Equity investments in real estate 186,965   530,020 74,367  
Assets held for sale 95,209   86,823 132,951  
In-place lease, net 997,520   467,127 553,479  
Above-market rent 595,430   241,975 395,663  
Cash and cash equivalents       65,429  
Other assets       82,032  
Assets Acquired at Fair value       3,811,802  
Liabilities Assumed at Fair Value          
Non-recourse debt (2,961,999)   (1,492,410) (1,768,288)  
Below-market rent intangibles       (57,209)  
Accounts payable, accrued expenses and other liabilities       (118,389)  
Deferred tax liability       (59,629)  
Liabilities Assumed at Fair Value       (2,003,515)  
Total identifiable net assets       1,808,287  
Amounts attributable to noncontrolling interests       (99,345)  
Goodwill 700,024   350,208 348,972  
Net acquisition       $ 2,057,914