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Organization
12 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization
Organization
 
Organization
 
CPA®:17 – Global is a publicly-owned, non-listed REIT that invests primarily in commercial real estate properties leased to companies domestically and internationally. As a REIT, we are not subject to U.S. 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 tenants, primarily on a triple-net 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 because of the timing of new lease transactions, lease terminations, lease expirations, contractual rent adjustments, tenant defaults, sales of properties, and changes in foreign currency exchange rates.
 
Substantially all of our assets and liabilities are held by the Operating Partnership and at December 31, 2014, we owned 99.99% of general and limited partnership interests in the Operating Partnership. The remaining interest in the Operating Partnership is held by a subsidiary of WPC.

At December 31, 2014, our portfolio was comprised of our full or partial ownership interests in 365 fully-occupied properties, substantially all of which were triple-net leased to 115 tenants, and totaled approximately 36 million square feet (unaudited). In addition, our portfolio was comprised of our full or partial ownership interests in 72 operating properties, including 71 self-storage properties and one hotel, for an aggregate of approximately 5 million square feet (unaudited). As opportunities arise, we may also make other types of commercial real estate-related investments. We were formed in 2007 and are managed by the advisor.