The following table sets forth our ownership interests in our equity investments in real estate and their respective carrying values, along with those ADC Arrangements that are recorded as equity investments (dollars in thousands):



		Ownership Interest at	Carrying Value at
Lessee/Equity Investee	Co-owner	June 30, 2015	June 30, 2015		December 31, 2014
Shelborne Property Associates, LLC ^(a)	Third Party	33%	$	154,664	$	152,801
C1000 Logistiek Vastgoed B.V. ^{(b) (c) (d)}	WPC	85%	62,653		71,130
BPS Nevada, LLC ^(e)	Third Party	15%	48,707		40,032
IDL Wheel Tenant, LLC ^(f)	Third Party	N/A	47,203		30,049
BG LLH, LLC	Third Party	7%	41,121		42,587
U-Haul Moving Partners, Inc. and Mercury Partners, LP	WPC	12%	40,160		41,028
Bank Pekao S.A. ^{(b) (d)}	CPA^®:18 – Global	50%	27,695		31,045
State Farm	CPA^®:18 – Global	50%	19,243		20,414
Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC ^(g)	Third Party	45%	17,986		20,147
Apply Sørco AS ^(b)	CPA^®:18 – Global	49%	17,953		19,076
Berry Plastics Corporation	WPC	50%	16,213		16,632
Tesco plc ^(b)	WPC	49%	12,716		14,194
Hellweg Die Profi-Baumärkte GmbH & Co. KG (referred to as Hellweg 2) ^(b)	WPC	37%	9,373		9,935
Agrokor d.d. (referred to as Agrokor 5) ^(b)	CPA^®:18 – Global	20%	7,896		8,760
Eroski Sociedad Cooperativa – Mallorca ^(b)	WPC	30%	7,017		7,662
Dick’s Sporting Goods, Inc.	WPC	45%	5,334		5,508
			$	535,934	$	531,000

___________


(a)	Represents a domestic ADC Arrangement. This investment is a VIE. We capitalized $6.7 million of interest related to the investment during the six months ended June 30, 2015. There was no unfunded balance on the loan related to this investment at June 30, 2015.


(b)	The carrying value of this investment is affected by the impact of fluctuations in the exchange rate of the applicable foreign currency.

(c)

This investment represents a tenancy-in-common interest, whereby the property is encumbered by debt for which we are jointly and severally liable. For this investment, the co-obligor is WPC and the amount due under the arrangement was approximately $75.3 million and $82.7 million at June 30, 2015 and December 31, 2014, respectively. Of these amounts, $64.0 million and $70.3 million represent the amounts we agreed to pay and are included within the carrying value of this investment at June 30, 2015 and December 31, 2014, respectively.


(d)	The decrease in carrying value was partially due to distributions made to us.


(e)	See Acquisition of Equity Investment below.


(f)	Represents a domestic ADC Arrangement. This investment is a VIE. We provided funding of $17.2 million to this investment and capitalized $1.6 million of interest related to the investment during the six months ended June 30, 2015. At June 30, 2015, the unfunded balance on the loan related to this investment was $1.2 million.


(g)	In addition to our 45% equity interest, we have a 40% indirect economic interest in this investment based upon certain contractual arrangements with our partner in this entity that enable or could require us to purchase their interest.