Agreements and Transactions with Related Parties (Tables)

9 Months Ended

Sep. 30, 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 financial statements (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Reimbursable costs from affiliates ^(a)	$	14,722	$	23,259	$	96,379	$	50,714
Asset management revenue ^(a)	9,064		10,939		27,840		31,262
Distributions of Available Cash	7,893		7,323		23,574		23,891
Structuring revenue	5,487		14,775		40,492		27,539
Dealer manager fees	2,436		3,787		17,062		7,329
Interest income on deferred acquisition fees and loans to affiliates	172		141		515		620
Deferred revenue earned	—		2,123		786		6,369
	$	39,774	$	62,347	$	206,648	$	147,724



	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
CPA^®:16 – Global ^(b)	$	—	$	13,060	$	7,999	$	39,688
CPA^®:17 – Global ^(c)	16,555		21,027		49,032		50,082
CPA^®:18 – Global ^(c)	8,836		3,171		107,668		3,171
CWI ^(d)	14,383		25,089		41,949		54,783
	$	39,774	$	62,347	$	206,648	$	147,724

___________


(a)	Excludes amounts received from third parties.

(b)

Upon completion of the CPA^®:16 Merger on January 31, 2014, the advisory agreement with CPA^®:16 – Global terminated. Pursuant to the terms of the merger agreement, the incentive or termination fee that we would have been entitled to receive from CPA^®:16 – Global pursuant to the terms of their advisory agreement was waived upon the completion of the CPA^®:16 Merger. The amount shown for the nine months ended September 30, 2014 reflects transactions through January 31, 2014.


(c)	The current form of the advisory agreement is scheduled to expire on December 31, 2014, unless renewed pursuant to its terms.


(d)	The current form of the advisory agreement is scheduled to expire on September 30, 2015, 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):



	September 30, 2014		December 31, 2013
Deferred acquisition fees receivable	$	19,585	$	19,684
Reimbursable costs	2,084		334
Accounts receivable	1,862		3,716
Organization and offering costs	1,785		2,700
Current acquisition fees receivable	759		4,149
Asset management fee receivable	—		1,451
	$	26,075	$	32,034

Reconciliation of Redeemable Securities

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



	Nine Months Ended September 30,
	2014		2013
Beginning balance	$	—	$	40,000
Redemption of securities	—		(40,000		)
Ending balance	$	—	$	—