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</LabelSeparator><Level>2</Level><ElementName>us-gaap_NatureOfOperations</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="FROM_Jan01_2013_TO_Jun30_2013" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;margin-left:0px;"&gt;Note&lt;/font&gt;&lt;font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;"&gt;1&lt;/font&gt;&lt;font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;"&gt;.&lt;/font&gt;&lt;font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;"&gt;Organization&lt;/font&gt;&lt;font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;"&gt; and Offering&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;"&gt;Organization&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top: 0pt; margin-bottom: 0pt;'&gt;&lt;/p&gt;&lt;p style='margin-top:12pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"&gt;Corporate Property Associates 17 &amp;#8211; Global Incorporated&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; (&amp;#8220;CPA&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#174;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;:17 &amp;#8211; Global&amp;#8221; and, together with its consolidated subs&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;idiaries and predecessors, &amp;#8220;we,&amp;#8221; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#8220;us&amp;#8221; or &amp;#8220;our&amp;#8221;) is a publicly owned, non-listed real estate investment trust (&amp;#8220;REIT&amp;#8221;) that invests primarily in commercial properties leased to companies domestically and internationally. &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;We were formed in &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;2007&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; and are managed by W.&amp;#160;P.&amp;#160;Carey Inc. (&amp;#8220;WPC&amp;#8221;) and its subsidiaries (collectively, the &amp;#8220;advisor&amp;#8221;). &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;As a REIT, we are not subject to United States (&amp;#8220;U.S.&amp;#8221;) federal income taxation as long as we satisfy certain requirements, principally relating to the nature of our income, the level of our distributions and other factors. We earn revenue principally by leasing the properties we own to single corporate&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; tenants, primarily on a &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;triple-&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;net&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;-&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;lease basis, which requires the tenant to pay substantially all of the costs associated with operating and maintaining the property. Revenue is subject to fluctuation&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; primarily&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; because of the timing of new lease transactions, lease terminations, lease expirations, contractual rent adjustments, tenan&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;t defaults, sales of properties&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; and changes in foreign currency exchange rates&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;, if any&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;. &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"&gt;Substantially all of our assets and liabilities are held by &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;CPA&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#174;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;:17 Limited Partnership&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;(the &amp;#8220;Operating Partnership&amp;#8221;) and at &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;June&amp;#160;30, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;2013&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;we&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; owned 99.985% of &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;the &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;general and limited partnership interests in the Operating Partnership. The re&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;maining 0.015% interest in the O&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;perating &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;P&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;artnership is held by a subsidiary of WPC.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"&gt;At &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;June&amp;#160;30, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;2013&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; our portfolio was comprised of our full or partial ownership interests in &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;340&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; fully-occupied properties, s&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;ubstantially all of which were net-&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;leased to &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;87&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; tenants, and totaled approximately &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;32&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; million square feet&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;. &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;In addition, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;our portfolio was comprised of our full or partial ownership interests in &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;67&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;self-storage &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;and hotel propert&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;ies&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; for an aggregate of approximately &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; million square feet. &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;"&gt;Public Offerings&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"&gt;We &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;issued approximately 289,000,000&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; shares of our common stock and raised aggregate gross proceeds of approximately $2.9 billion f&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;rom our initial public offering, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;which ended in April 2011&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;and our follow-on offering&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;which &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;closed on January&amp;#160;31, 2013. &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Through &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;June&amp;#160;30, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;2013&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;we have issued &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;22,630,011&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;shares ($&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;215.0&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;million) through our &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;distribution reinvestment and stock purchase plan (&amp;#8220;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;DRIP&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#8221;)&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;. We repurchased &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;4,624,670&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; shares ($&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;43.6&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;milli&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;on) of our common stock under our &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;redemption plan from inception through &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;June&amp;#160;30, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;2013&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"&gt;In January 2013&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;we amended &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;our articles of incorporation to increase the &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;number of shares authorized to 950,000,000 consisting of 900,000,000&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; shares of common stock, $0.001 par value per share&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; and 50&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;,000,000&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; shares of preferred stock, $0.001 par value per share.&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; In January 2013, we also filed a registration &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;statement on Form S-3 (File No.&amp;#160;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;333-186182) with the SEC regarding 200,000,000 shares of our common stock to be offered through our DRIP.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>The entire disclosure for the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings).</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 275

 -SubTopic 10

 -Section 50

 -Paragraph 2

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

 -Publisher AICPA

 -Name Statement of Position (SOP)

 -Number 94-6

 -Paragraph 10

 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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