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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Investments in real estate    
Real estate, at cost (inclusive of $341,297 and $336,386, respectively, attributable to variable interest entities, or VIEs) $ 2,730,028 $ 2,658,877
Operating real estate, at cost 236,591 275,521
Accumulated depreciation (inclusive of $29,918 and $27,356, respectively, attributable to VIEs) (272,829) (256,175)
Net investments in properties 2,693,790 2,678,223
Real estate under construction 2,019 1,068
Assets held for sale 13,771 0
Net investments in direct financing leases (inclusive of $304,150 and $303,112, respectively, attributable to VIEs) 500,879 495,564
Net investments in real estate 3,210,459 3,174,855
Equity investments in real estate 513,199 514,147
Cash and cash equivalents (inclusive of $7,284 and $6,028, respectively, attributable to VIEs) 115,168 152,889
In-place lease and tenant relationship intangible assets, net (inclusive of $20,156 and $20,269, respectively, attributable to VIEs) 443,635 445,223
Other intangible assets, net 80,538 80,049
Other assets, net (inclusive of $70,093 and $66,654, respectively, attributable to VIEs) 270,770 246,027
Total assets 4,633,769 4,613,190
Liabilities:    
Non-recourse debt, net (inclusive of $263,960 and $262,830, respectively, attributable to VIEs) 1,954,408 1,881,774
Senior Credit Facility, net 25,338 112,834
Accounts payable, accrued expenses and other liabilities (inclusive of $15,968 and $15,662, respectively, attributable to VIEs) 140,439 133,948
Deferred income taxes (inclusive of $11,938 and $10,675, respectively, attributable to VIEs) 26,854 24,929
Below-market rent and other intangible liabilities, net (inclusive of $729 and $722, respectively, attributable to VIEs) 95,947 96,701
Due to affiliates 9,934 13,634
Distributions payable 55,113 54,775
Total liabilities $ 2,308,033 $ 2,318,595
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 339,163,583 and 337,065,419 shares, respectively, issued and outstanding 339 337
Additional paid-in-capital 3,058,386 3,037,727
Distributions in excess of accumulated earnings (710,602) (700,912)
Accumulated other comprehensive loss (121,125) (139,805)
Total CPA:17 - Global stockholders' equity 2,226,998 2,197,347
Noncontrolling interests 98,738 97,248
Total equity 2,325,736 2,294,595
Total liabilities and equity $ 4,633,769 $ 4,613,190