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Equity Investments in Real Estate (Tables)
 12 Months Ended
Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The following tables present combined summarized investee financial information of our equity method investment properties. Amounts provided are the total amounts attributable to the investment properties and do not represent our proportionate share (in thousands):
 
December 31 or September 30
(as applicable), (a)
 
2015
 
2014
Real estate assets
$
3,378,044

 
$
3,271,264

Other assets
728,439

 
761,924

Total assets
4,106,483

 
4,033,188

Debt
(2,530,826
)
 
(2,386,161
)
Accounts payable, accrued expenses and other liabilities
(325,315
)
 
(242,703
)
Total liabilities
(2,856,141
)
 
(2,628,864
)
Noncontrolling interests
360

 
—

Partners’/members’ equity
$
1,250,702

 
$
1,404,324

 
Twelve Months Ended December 31 or September 30
(as applicable), (a)
 
2015
 
2014
 
2013
Revenues
$
779,875

 
$
595,228

 
$
381,169

Expenses
(791,224
)
 
(546,170
)
 
(368,302
)
(Loss) income from continuing operations
$
(11,349
)
 
$
49,058

 
$
12,867

__________
(a)
We recorded our investments in BPS Nevada, LLC, BG LLH, LLC, IDL Wheel Tenant, LLC, and Shelborne Property Associates, LLC on a one quarter lag. Therefore, amounts in our financial statements for the years ended December 31, 2015, 2014, and 2013 are based on balances and results of operations from BPS Nevada, LLC, BG LLH, LLC, IDL Wheel Tenant, LLC, and Shelborne Property Associates, LLC as of and for the 12 months ended September 30, 2015, 2014, and 2013, respectively.
The following table presents Equity in earnings (losses) in equity method investments in real estate, which represents our proportionate share of the income or losses of these investments, as well as amortization of basis differences related to purchase accounting adjustments (in thousands):
 
Years Ended December 31,
 
2015
 
2014
 
2013
Equity Earnings from Equity Investments:
 
 
 
 
 
Net Lease
$
21,692

 
$
12,571

 
$
(1,261
)
Self-Storage
(1,703
)
 
(1,878
)
 
(1,024
)
All Other
(1,762
)
 
17,655

 
(3,322
)
 
18,227

 
28,348

 
(5,607
)
Amortization of Basis Differences on Equity Investments:
 
 
 
 
 
Net Lease
(2,263
)
 
(3,381
)
 
(3,514
)
Self-Storage
(155
)
 
(155
)
 
(66
)
All Other
(1,142
)
 
(739
)
 
(313
)
 
(3,560
)
 
(4,275
)
 
(3,893
)
Equity in earnings (losses) of equity method investments in real estate
$
14,667

 
$
24,073

 
$
(9,500
)
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 December 31,
Lessee/Equity Investee
 
Co-owner
 
December 31, 2015
 
2015
 
2014
Net Lease:
 
 
 
 
 
 
 
 
C1000 Logistiek Vastgoed B.V. (a)
 
WPC
 
85%
 
$
59,629

 
$
71,130

U-Haul Moving Partners, Inc. and Mercury Partners, LP
 
WPC
 
12%
 
39,309

 
41,028

Bank Pekao S.A. (a)
 
CPA®:18 – Global
 
50%
 
25,785

 
31,045

BPS Nevada, LLC (b)
 
Third Party
 
15%
 
22,007

 
21,850

State Farm
 
CPA®:18 – Global
 
50%
 
18,587

 
20,414

Berry Plastics Corporation
 
WPC
 
50%
 
16,094

 
16,632

Apply Sørco AS (a)
 
CPA®:18 – Global
 
49%
 
15,170

 
19,076

Hellweg Die Profi-Baumärkte GmbH & Co. KG (referred to as Hellweg 2) (a)
 
WPC
 
37%
 
12,212

 
9,935

Tesco plc (a)
 
WPC
 
49%
 
11,849

 
14,194

Agrokor d.d. (referred to as Agrokor 5) (a)
 
CPA®:18 – Global
 
20%
 
7,858

 
8,760

Eroski Sociedad Cooperativa – Mallorca (a)
 
WPC
 
30%
 
6,790

 
7,662

Dick’s Sporting Goods, Inc.
 
WPC
 
45%
 
5,055

 
5,508

 
 
 
 
 
 
240,345

 
267,234

Self-Storage:
 
 
 
 
 
 
 
 
Madison Storage NYC, LLC and Veritas Group IX-NYC, LLC
 
Third Party
 
45%
 
16,060

 
20,147

 
 
 
 
 
 
16,060

 
20,147

All Other:
 
 
 
 
 
 
 
 
Shelborne Property Associates, LLC (b)
 
Third Party
 
33%
 
148,121

 
152,801

IDL Wheel Tenant, LLC (b)
 
Third Party
 
N/A
 
44,387

 
30,049

BG LLH, LLC (b)
 
Third Party
 
7%
 
37,720

 
42,587

BPS Nevada, LLC - Preferred Equity
 
Third Party
 
N/A
 
27,514

 
18,182

 
 
 
 
 
 
257,742

 
243,619

 
 
 
 
 
 
$
514,147

 
$
531,000

__________
(a)
The carrying value of this investment is affected by the impact of fluctuations in the exchange rate of the applicable foreign currency.
(b)
This investment is subject to the hypothetical liquidation at book value model.