Mortgage Notes Payable (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Mortgage notes payable as of September 30, 2016 and December 31, 2015 consisted of the following:

		Encumbered Properties	Outstanding Loan Amount (1)						Effective Interest Rate		Interest Rate
Country	Portfolio		September 30, 2016			December 31, 2015						Maturity
			(In thousands)			(In thousands)
Finland:	Finnair	4	$	31,840		$	30,976		2.2%	(2)	Fixed	Sep. 2020
	Tokmanni	1	32,485			31,603			2.4%	(2)	Fixed	Oct. 2020
Germany:	Rheinmetall	1	11,884			11,561			2.6%	(2)	Fixed	Jan. 2019
	OBI DIY	1	5,045			4,908			2.4%		Fixed	Jan. 2019
	RWE AG	3	70,070			68,169			1.6%	(2)	Fixed	Oct. 2019
	Rexam	1	5,897			5,737			1.8%	(2)	Fixed	Oct. 2019
	Metro Tonic	1	29,710			28,904			1.7%	(2)	Fixed	Dec. 2019
	Total EUR denominated	12	186,931			181,858
United Kingdom:	McDonald's	1	986			1,125			4.1%	(2)	Fixed	Oct. 2017
	Wickes Building Supplies I	1	2,525			2,882			3.7%	(2)	Fixed	May 2018
	Everything Everywhere	1	5,188			5,922			4.0%	(2)	Fixed	Jun. 2018
	Thames Water	1	7,782			8,882			4.1%	(2)	Fixed	Jul. 2018
	Wickes Building Supplies II	1	2,140			2,443			4.2%	(2)	Fixed	Jul. 2018
	Northern Rock	2	6,809			7,772			4.5%	(2)	Fixed	Sep. 2018
	Wickes Building Supplies III	1	2,464			2,813			4.4%	(2)	Fixed	Nov. 2018
	Provident Financial	1	16,537			18,875			4.1%	(2)	Fixed	Feb. 2019
	Crown Crest	1	24,968			28,498			4.3%	(2)	Fixed	Feb. 2019
	Aviva	1	20,363			23,242			3.8%	(2)	Fixed	Mar. 2019
	Bradford & Bingley	1	9,806			11,192			3.5%	(2)	Fixed	May 2020
	Intier Automotive Interiors	1	6,128			6,995			3.5%	(2)	Fixed	May 2020
	Capgemini	1	7,134			8,142			3.2%	(2)	Fixed	Jun. 2020
	Fujitisu	3	32,129			36,684			3.2%	(2)	Fixed	Jun. 2020
	Amcor Packaging	7	4,055			4,628			3.6%	(2)	Fixed	Jul. 2020
	Fife Council	1	2,378			2,715			3.6%	(2)	Fixed	Jul. 2020
	Malthrust	3	4,150			4,737			3.6%	(2)	Fixed	Jul. 2020
	Talk Talk	1	4,961			5,663			3.6%	(2)	Fixed	Jul. 2020
	HBOS	3	6,991			7,979			3.6%	(2)	Fixed	Jul. 2020
	DFS Trading	5	13,151			15,010			3.4%	(2)	Fixed	Aug. 2020
	DFS Trading	2	3,079			3,514			3.4%	(2)	Fixed	Aug. 2020
	HP Enterprise Services	1	12,045			13,748			3.4%	(2)	Fixed	Aug. 2020
	Total GBP denominated	40	195,769			223,461
United States:	Quest Diagnostics	1	52,800			52,800			2.5%	(3)	Variable	Sep. 2018
	Western Digital	1	17,759			17,982			5.3%		Fixed	Jul. 2021
	AT&T Services	1	33,550			33,550			2.5%	(4)	Variable	Dec. 2020
Puerto Rico:	Encanto Restaurants	18	21,718			22,057			6.3%		Fixed	Jun. 2017
	Total USD denominated	21	125,827			126,389
	Gross mortgage notes payable	73	508,527			531,708			3.0%
	Deferred financing costs, net of accumulated amortization	—	(5,719		)	(7,446		)	—%
	Mortgage notes payable, net of deferred financing costs	73	$	502,808		$	524,262		3.0%

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⁽¹⁾  Amounts borrowed in local currency and translated at the spot rate as of the respective measurement date.

⁽²⁾  Fixed as a result of an interest rate swap agreement.

⁽³⁾  The interest rate is 2.0% plus 1-month LIBOR.

⁽⁴⁾  The interest rate is 2.0% plus 1-month Adjusted LIBOR as defined in the mortgage agreement.

Schedule of Maturities of Long-term Debt

The following table presents future scheduled aggregate principal payments on the gross mortgage notes payable over the next five calendar years and thereafter as of September 30, 2016:

(In thousands)	Future Principal Payments (1)
2016 (remainder)	$	197
2017	22,904
2018	80,045
2019	184,828
2020	204,253
2021	16,300
Thereafter	—
Total	$	508,527

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⁽¹⁾  Based on the exchange rates as of September 30, 2016.