W. P. Carey Inc. | 2013 | FY | 3

The following table summarizes estimated fair values of the assets acquired and liabilities assumed in the acquisition (in thousands):
Total Consideration
 

Fair value of common shares issued
$
1,380,362

Cash consideration
152,356

Fair value of W. P. Carey & Co. LLC equity interest in CPA®:15 prior to the CPA®:15 Merger
107,147

Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA®:15 prior to the CPA®:15 Merger
54,822

 
1,694,687

Assets Acquired at Fair Value


Net investments in real estate
1,762,872

Net investments in direct financing leases
315,789

Equity investments in real estate
166,247

Goodwill
268,683

Intangible assets
695,310

Other assets
81,750

Liabilities Assumed at Fair Value


Non-recourse debt
(1,350,755
)
Below-market rent and other intangible liabilities
(102,155
)
Accounts payable, accrued expenses and other liabilities
(84,640
)
Amounts attributable to noncontrolling interests
(237,359
)
Net assets acquired excluding cash
1,515,742

Cash acquired on acquisition of subsidiaries
$
178,945

This transaction consisted of the acquisition and assumption of certain assets and liabilities, respectively, as detailed in the table below (in thousands).
Cash Consideration
$
13,748

Assets Acquired at Fair Value:
 
Net investments in real estate
$
33,625

In-place lease intangible assets, net
872

Above-market rent intangible assets, net
722

Other assets
1,170

Liabilities Assumed at Fair Value:
 
Non-recourse debt
(21,023
)
Below-market rent and other intangible liabilities
(1,618
)
Net assets acquired
$
13,748

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