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Statement of Cash Flows Supplemental Data
9 Months Ended
Sep. 30, 2012
Supplemental Cash Flow Information  
Cash Flow Supplemental Disclosures Text Block
CORPORATE PROPERTY ASSOCIATES 17 – GLOBAL INCORPORATED
 
CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED)
(Continued)

 

Supplemental non-cash investing and financing activities:

__________

  • The cost basis of real estate investments acquired during the nine months ended September 30, 2012 and 2011, including equity investments in real estate, also included deferred acquisition fees payable and other accrued liabilities of $12.4 million and $16.1 million, respectively (Note 3, Note 4).
  • In September 2011, we purchased substantially all of the economic and voting interests in a real estate fund for $164.2 million, based on the exchange rate of the Euro on the date of acquisition. This transaction consisted of the acquisition and assumption of certain assets and liabilities, as detailed in the table below (in thousands).

 

Assets acquired at fair value:    
 Investments in real estate   $ 274,840
 Intangible assets, net     122,735
       
Liabilities assumed at fair value:     
 Non-recourse debt     (222,680)
 Accounts payable, accrued expenses and other liabilities     (8,912)
 Prepaid and deferred rental income     (1,791)
Net assets acquired   $ 164,192
       
See Notes to Consolidated Financial Statements.