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Segment Reporting
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We operate in three reportable business segments: Net Lease, Self Storage, and Other Operating Properties. Our Net Lease segment includes our investments in net-leased properties, whether they are accounted for as operating leases or direct financing leases. Our Self Storage segment is comprised of our investments in self-storage properties. Our Other Operating Properties segment is primarily comprised of our investments in student housing operating properties and multi-family residential properties (our last multi-family residential property was sold in January 2019). In addition, we have an All Other category that includes our notes receivable investments, one of which was repaid during the second quarter of 2019. The following tables present a summary of comparative results and assets for these business segments (in thousands):
Years Ended December 31,
202120202019
Net Lease
Revenues (a)
$122,036 $104,611 $122,038 
Operating expenses(97,628)(63,583)(69,959)
Interest expense(35,604)(28,388)(34,105)
Gain on sale of real estate, net1,245 2,390 9,932 
Other gains and (losses)387 (3,231)1,203 
(Provision for) benefit from income taxes(539)52 1,019 
Net loss (income) attributable to noncontrolling interests10,773 (2,868)(759)
Net income attributable to CPA:18 – Global$670 $8,983 $29,369 
Self Storage
Revenues$71,613 $61,426 $60,767 
Operating expenses(37,129)(36,407)(35,604)
Interest expense(11,833)(13,447)(13,802)
Other gains and (losses) (b)
(353)12,329 (942)
Provision for income taxes(160)(110)(115)
Net income attributable to CPA:18 – Global$22,138 $23,791 $10,304 
Other Operating Properties
Revenues$10,568 $9,604 $10,550 
Operating expenses(9,609)(7,749)(7,713)
Interest expense(3,402)(1,424)133 
Gain on sale of real estate, net42,770 — 14,841 
Other gains and (losses)(1,513)19 (182)
(Provision for) benefit from income taxes(104)241 87 
Net (income) loss attributable to noncontrolling interests(3,192)135 (2,541)
Net income attributable to CPA:18 – Global$35,518 $826 $15,175 
All Other
Revenues (c)
$— $1,426 $4,076 
Operating expenses(14)(45)— 
Other gains and (losses)— 60 — 
Net (loss) income attributable to CPA:18 – Global$(14)$1,441 $4,076 
Corporate
Unallocated Corporate Overhead (d)
$(23,121)$(15,473)$(18,220)
Net income attributable to noncontrolling interests – Available Cash Distributions$(7,345)$(7,225)$(8,132)
Total Company
Revenues (a) (c)
$204,217 $177,067 $197,439 
Operating expenses(165,085)(127,261)(132,509)
Interest expense
(50,959)(43,343)(48,019)
Gain on sale of real estate, net44,015 2,390 24,773 
Other gains and (losses) (b) (d)
(2,728)14,217 2,530 
Provision for income taxes(1,850)(769)(210)
Net loss (income) attributable to noncontrolling interests236 (9,958)(11,432)
Net income attributable to CPA:18 – Global
$27,846 $12,343 $32,572 
Total Assets at December 31,
20212020
Net Lease$1,586,662 $1,688,259 
Self Storage337,052 345,936 
Other Operating Properties160,746 258,017 
Corporate30,409 38,697 
All Other28,000 28,009 
Total Company$2,142,869 $2,358,918 
__________
(a)The years ended December 31, 2021, 2020, and 2019 include straight-line rent adjustments of $2.2 million, $2.2 million, and $3.0 million, respectively. Straight-line lease revenue is only recognized when deemed probable of collection, and is included within Lease revenues — net-leased within our consolidated financial statements.
(b)Includes Earnings (losses) from equity method investment in real estate. The year ended December 31, 2020 includes a gain on sale of $12.9 million (inclusive of tax of $1.8 million), relating to the disposition of our equity method investment in real estate (Note 4).
(c)On July 28, 2020, we were notified that the borrower has defaulted on the mortgage loan senior to our mezzanine tranche, and since that date we have not recognized interest income (Note 5).
(d)Included in unallocated corporate overhead are expenses and other gains and (losses) that are calculated and reported at the portfolio level and not evaluated as part of any segment’s operating performance. Such items include asset management fees, general and administrative expenses, and gains and losses on foreign currency transactions and derivative instruments. Asset management fees totaled $12.5 million, $11.9 million, and $11.5 million for the years ended December 31, 2021, 2020, and 2019, respectively (Note 3).
Our portfolio is comprised of domestic and international investments. The following tables present the geographic information (in thousands):
Years Ended December 31,
202120202019
Revenues
Texas$27,349 $22,685 $20,941 
Florida26,276 22,469 22,876 
All Other Domestic74,723 70,410 72,513 
Total Domestic128,348 115,564 116,330 
Total International (a) (b)
75,869 61,503 81,109 
Total Company$204,217 $177,067 $197,439 
___________
(a)All years include operations in Norway, the Netherlands, Poland, Spain, the United Kingdom, Croatia, Germany, Mauritius, and Slovakia. The years ended December 31, 2021 and 2020 include operations in Portugal. No international country or tenant individually comprised at least 10% of our total lease revenues for the years ended December 31, 2021, 2020, and 2019.
(b)The years ended December 31, 2021 and 2020 reflect the impact of the COVID-19 pandemic on certain net lease hotels located in Germany and Mauritius, as well as student housing operating properties located in the United Kingdom (which were sold in 2021 (Note 13)).

Years Ended December 31,
20212020
Long-lived assets (a)
Texas$262,427 $259,719 
All Other Domestic582,601 609,926 
Total Domestic845,028 869,645 
Spain295,266 261,476 
All Other International (b)
802,251 993,123 
Total International1,097,517 1,254,599 
Total Company$1,942,545 $2,124,244 
___________
(a)Consists of Net investments in real estate.
(b)Comprised of investments in Norway, Germany, the Netherlands, the United Kingdom, Poland, Portugal, Mauritius, Croatia, and Slovakia.