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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Investments in real estate    
Real estate, at cost (inclusive of $139,507 and $144,753, respectively, attributable to variable interest entities, or VIEs) $ 2,658,877 $ 2,396,715
Operating real estate, at cost 275,521 272,859
Accumulated depreciation (inclusive of $13,096 and $9,984, respectively, attributable to VIEs) (256,175) (197,695)
Net investments in properties 2,678,223 2,471,879
Real estate under construction 1,068 110,983
Net investments in direct financing leases (inclusive of $247,340 and $245,815, respectively, attributable to VIEs) 495,564 479,425
Net investments in real estate 3,174,855 3,062,287
Equity investments in real estate 514,147 531,000
Cash and cash equivalents (inclusive of $75 and $27, respectively, attributable to VIEs) 152,889 275,719
In-place lease and tenant relationship intangible assets, net (inclusive of $15,447 and $16,348, respectively, attributable to VIEs) 445,223 432,444
Other intangible assets, net 80,049 83,238
Other assets, net (inclusive of $16,326 and $16,536, respectively, attributable to VIEs) 258,852 221,209
Total assets 4,626,015 4,605,897
Liabilities:    
Non-recourse debt, net (inclusive of $187,020 and $193,437, respectively, attributable to VIEs) 1,894,271 1,896,489
Senior Credit Facility 113,162 0
Accounts payable, accrued expenses and other liabilities (inclusive of $6,837 and $10,109, respectively, attributable to VIEs) 133,948 141,043
Below-market rent and other intangible liabilities, net (inclusive of $343 and $365, respectively, attributable to VIEs) 96,701 104,722
Deferred income taxes (inclusive of $0 and $60, respectively, attributable to VIEs) 24,929 12,234
Due to affiliates 13,634 12,634
Distributions payable 54,775 53,378
Total liabilities $ 2,331,420 $ 2,220,500
Commitments and contingencies (Note 11)
CPA®:17 – Global stockholders’ equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized; none issued $ 0 $ 0
Common stock, $0.001 par value; 900,000,000 shares authorized; and 337,065,419 and 328,480,839 shares, respectively, issued and outstanding 337 328
Additional paid-in capital 3,037,727 2,955,440
Distributions in excess of accumulated earnings (700,912) (567,806)
Accumulated other comprehensive loss (139,805) (81,007)
Total CPA®:17 – Global stockholders’ equity 2,197,347 2,306,955
Noncontrolling interests 97,248 78,442
Total equity 2,294,595 2,385,397
Total liabilities and equity $ 4,626,015 $ 4,605,897