##### Table of Contents



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended March 31, 2010
 or
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from__________ to ___________
 Commission File Number: 001-32162
 
 CORPORATE PROPERTY ASSOCIATES 16  GLOBAL INCORPORATED
  Maryland
    
    80-0067704(State of incorporation)
    
    (I.R.S. Employer Identification No.)50 Rockefeller PlazaNew York, New York
    
    10020(Address of principal executive office)
    
    (Zip Code)
 Investor Relations (212) 492-8920
(212) 492-1100
 þ o
 Yes
o No o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer þ
    
    Smaller reporting company o(Do not check if a smaller reporting company)
 o þ




---



##### 



INDEX
 Page No.PART I  FINANCIAL INFORMATIONItem 1. Financial Statements (Unaudited)Consolidated Balance Sheets
    
    
    2Consolidated Statements of Operations
    
    
    3Consolidated Statements of Comprehensive Loss
    
    
    4Consolidated Statements of Cash Flows
    
    
    5Notes to Consolidated Financial Statements
    
    
    6Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    19Item 3. Quantitative and Qualitative Disclosures About Market Risk
    
    
    27Item 4. Controls and Procedures
    
    
    29PART II  OTHER INFORMATIONItem 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    29Item 6. Exhibits
    
    
    30Signatures
    
    
    31Exhibit 31.1Exhibit 31.2Exhibit 32
  Forward Looking Statements
  CPA ® :16
 Global 3/31/2010 10-Q 1




---



##### Table of Contents



CORPORATE PROPERTY ASSOCIATES 16  GLOBAL INCORPORATED
 
 CONSOLIDATED BALANCE SHEETS (UNAUDITED)  (in thousands, except share and per share amounts)
 March 31, 2010
    
    
    December 31, 2009AssetsInvestments in real estate:Real estate, at cost (inclusive of amounts attributable to consolidated variable interest
entities (VIEs) of $427,699 and $454,311)
    
    $
    1,651,135
    
    
    $
    1,696,872Operating real estate, at cost (inclusive of amounts attributable to VIEs of $29,219 for
both
periods presented)
    
    
    83,843
    
    
    
    83,718Accumulated depreciation (inclusive of amounts attributable to VIEs of $(31,346)
and $(30,292), respectively)
    
    
    (125,698
    )
    
    
    (118,833
    )Net investments in properties
    
    
    1,609,280
    
    
    
    1,661,757Real estate under construction
    
    
    65,256
    
    
    
    61,588Net investment in direct financing leases (inclusive of amounts attributable to VIEs
of $50,591 and $52,521, respectively)
    
    
    323,541
    
    
    
    342,055Equity investments in real estate
    
    
    153,300
    
    
    
    158,149Net investments in real estate
    
    
    2,151,377
    
    
    
    2,223,549Notes receivable (inclusive of amounts attributable to VIEs of $316,729
and $337,397, respectively)
    
    
    342,905
    
    
    
    362,707Cash and cash equivalents (inclusive of amounts attributable to VIEs of $14,669
and $14,199, respectively)
    
    
    75,940
    
    
    
    83,985Intangible assets, net (inclusive of amounts attributable to VIEs of $27,089
and $29,209, respectively)
    
    
    155,630
    
    
    
    162,432Funds in escrow (inclusive of amounts attributable to VIEs of $12,274
and $12,339, respectively)
    
    
    20,551
    
    
    
    21,586Other assets, net (inclusive of amounts attributable to VIEs of $5,823
and $7,908, respectively)
    
    
    32,153
    
    
    
    34,746Total assets
    
    $
    2,778,556
    
    
    $
    2,889,005Liabilities and EquityLiabilities:Non-recourse debt (inclusive of amounts attributable to VIEs of $436,050
and $463,309, respectively)
    
    $
    1,387,675
    
    
    $
    1,445,889Accounts payable, accrued expenses and other liabilities (inclusive of amounts attributable
to VIEs of $15,542 and $14,189, respectively)
    
    
    34,426
    
    
    
    36,290Prepaid and deferred rental income and security deposits (inclusive of amounts attributable
to VIEs of $11,617 and $12,476, respectively)
    
    
    59,185
    
    
    
    58,063Due to affiliates
    
    
    7,846
    
    
    
    14,193Distributions payable
    
    
    20,436
    
    
    
    20,346Total liabilities
    
    
    1,509,568
    
    
    
    1,574,781Redeemable noncontrolling interests
    
    
    316,729
    
    
    
    337,397Commitments and contingencies (Note 10)Equity:CPA®:16  Global shareholders equity:Common stock, $0.001 par value; 250,000,000 shares authorized; 131,141,600 and
129,995,172 shares issued, respectively
    
    
    131
    
    
    
    130Additional paid-in capital
    
    
    1,184,851
    
    
    
    1,174,230Distributions in excess of accumulated earnings
    
    
    (239,937
    )
    
    
    (225,462
    )Accumulated other comprehensive (loss) income
    
    
    (7,003
    )
    
    
    5,397938,042
    
    
    
    954,295Less, treasury stock at cost, 7,731,294 and 7,134,071 shares, respectively
    
    
    (70,746
    )
    
    
    (65,636
    )Total CPA®:16  Global shareholders equity
    
    
    867,296
    
    
    
    888,659Noncontrolling interests
    
    
    84,963
    
    
    
    88,168Total equity
    
    
    952,259
    
    
    
    976,827Total liabilities and equity
    
    $
    2,778,556
    
    
    $
    2,889,005
  CPA ® :16  Global 3/31/2010 10-Q 2




---



##### Table of Contents



CORPORATE PROPERTY ASSOCIATES 16  GLOBAL INCORPORATED
 
 CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)  (in thousands, except share and per share amounts)
 Three months ended March 31,2010
    
    
    2009RevenuesRental income
    
    $
    38,726
    
    
    $
    35,947Interest income from direct financing leases
    
    
    6,727
    
    
    
    6,663Interest income on notes receivable
    
    
    7,142
    
    
    
    6,659Other real estate income
    
    
    5,953
    
    
    
    5,617Other operating income
    
    
    609
    
    
    
    82259,157
    
    
    
    55,708Operating ExpensesDepreciation and amortization
    
    
    (12,220
    )
    
    
    (11,241
    )Property expenses
    
    
    (8,258
    )
    
    
    (8,239
    )Other real estate expenses
    
    
    (4,431
    )
    
    
    (4,441
    )General and administrative
    
    
    (2,263
    )
    
    
    (2,552
    )Impairment charges
    
    
    (8,030
    )
    
    
    (15,984
    )(35,202
    )
    
    
    (42,457
    )Other Income and ExpensesIncome from equity investments in real estate
    
    
    4,781
    
    
    
    3,064Other interest income
    
    
    22
    
    
    
    125Gain on extinguishment of debt
    
    
    
    
    
    
    6,512Other income and (expenses)
    
    
    (741
    )
    
    
    (332
    )Interest expense
    
    
    (19,812
    )
    
    
    (19,803
    )(15,750
    )
    
    
    (10,434
    )Income before income taxes
    
    
    8,205
    
    
    
    2,817Provision for income taxes
    
    
    (974
    )
    
    
    (293
    )Income from continuing operations
    
    
    7,231
    
    
    
    2,524Discontinued OperationsIncome from operations of discontinued properties
    
    
    99
    
    
    
    41Gain on deconsolidation of a subsidiary
    
    
    7,082
    
    
    
    Income from discontinued operations
    
    
    7,181
    
    
    
    41Net Income
    
    
    14,412
    
    
    
    2,565Less: Net income attributable to noncontrolling interests
    
    
    (2,007
    )
    
    
    (4,183
    )Less: Net income attributable to redeemable noncontrolling interests
    
    
    (6,445
    )
    
    
    (6,027
    )Net Income (Loss) Attributable to CPA®:16 
Global Shareholders
    
    $
    5,960
    
    
    $
    (7,645
    )Earnings (Loss) Per ShareIncome (loss) from continuing operations attributable to CPA®:16  Global shareholders
    
    $
    0.02
    
    
    $
    (0.06
    )Income from discontinued operations attributable to CPA®:16  Global shareholders
    
    
    0.03
    
    
    
    Net income (loss) attributable to CPA®:16  Global shareholders
    
    $
    0.05
    
    
    $
    (0.06
    )Weighted Average Shares Outstanding
    
    
    123,608,911
    
    
    
    122,789,807Amounts Attributable to CPA®:16  Global
ShareholdersIncome (loss) from continuing operations, net of tax
    
    $
    2,372
    
    
    $
    (7,884
    )Income from discontinued operations, net of tax
    
    
    3,588
    
    
    
    239Net income (loss)
    
    $
    5,960
    
    
    $
    (7,645
    )Distributions Declared Per Share
    
    $
    0.1656
    
    
    $
    0.1653
  CPA ® :16  Global 3/31/2010 10-Q 3




---



##### Table of Contents



CORPORATE PROPERTY ASSOCIATES 16  GLOBAL INCORPORATED
 
 CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED)  (in thousands)
 Three months ended March 31,2010
    
    
    2009Net Income
    
    $
    14,412
    
    
    $
    2,565Other Comprehensive Loss:Foreign currency translation adjustment
    
    
    (35,177
    )
    
    
    (41,132
    )Change in unrealized loss on derivative instruments
    
    
    (1,062
    )
    
    
    (1,099
    )Change in unrealized gain on marketable securities
    
    
    3
    
    
    
    3(36,236
    )
    
    
    (42,228
    )Comprehensive loss
    
    
    (21,824
    )
    
    
    (39,663
    )Amounts Attributable to Noncontrolling Interests:Net loss (income)
    
    
    (2,007
    )
    
    
    (4,183
    )Foreign currency translation adjustment
    
    
    3,150
    
    
    
    3,954Change in unrealized loss on derivative instruments
    
    
    18
    
    
    
    2Comprehensive loss attributable to noncontrolling interests
    
    
    1,161
    
    
    
    (227
    )Amounts Attributable to Redeemable Noncontrolling Interests:Net income
    
    
    (6,445
    )
    
    
    (6,027
    )Foreign currency translation adjustment
    
    
    20,668
    
    
    
    20,927Comprehensive loss attributable to redeemable noncontrolling interests
    
    
    14,223
    
    
    
    14,900Comprehensive Loss Attributable to CPA®:16 
Global Shareholders
    
    $
    (6,440
    )
    
    $
    (24,990
    )
  CPA ® :16  Global 3/31/2010 10-Q 4




---



##### Table of Contents



CORPORATE PROPERTY ASSOCIATES 16  GLOBAL INCORPORATED
 
 CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)  (in thousands)
 Three months ended March 31,2010
    
    
    2009Cash Flows  Operating ActivitiesNet income
    
    $
    14,412
    
    
    $
    2,565Adjustments to net income:Depreciation and amortization including intangible assets and deferred financing costs
    
    
    12,421
    
    
    
    11,966Straight-line rent adjustments and amortization of rent-related intangibles
    
    
    654
    
    
    
    345Income from equity investments in real estate in excess of distributions received
    
    
    (736
    )
    
    
    (635
    )Issuance of shares to affiliate in satisfaction of fees due
    
    
    2,945
    
    
    
    3,026Realized gain on foreign currency transactions, net
    
    
    193
    
    
    
    796Unrealized loss (gain) on foreign currency and derivative transactions, net
    
    
    548
    
    
    
    (464
    )Gain on deconsolidation of a
subsidiary(a)
    
    
    (7,082
    )
    
    
    Gain on extinguishment of debt
    
    
    
    
    
    
    (6,512
    )Impairment charges
    
    
    8,030
    
    
    
    15,984Change in other operating assets and liabilities, net
    
    
    (1,560
    )
    
    
    (909
    )Net cash provided by operating activities
    
    
    29,825
    
    
    
    26,162Cash Flows  Investing ActivitiesDistributions received from equity investments in real estate in excess of equity income
    
    
    383
    
    
    
    5,503Contributions to equity investments in real estate
    
    
    
    
    
    
    (65,318
    )Acquisitions of real estate and other capital expenditures
    
    
    (1,080
    )
    
    
    (17,560
    )Funding/purchases of notes receivable
    
    
    (791
    )
    
    
    (1,807
    )Release of funds held in escrow for acquisition and construction of real estate
    
    
    
    
    
    
    6,620Proceeds from sale of real estate
    
    
    
    
    
    
    120Payment of deferred acquisition fees to affiliate
    
    
    (6,261
    )
    
    
    (9,082
    )Net cash used in investing activities
    
    
    (7,749
    )
    
    
    (81,524
    )Cash Flows  Financing ActivitiesDistributions paid
    
    
    (20,345
    )
    
    
    (20,140
    )Distributions paid to noncontrolling interests
    
    
    (9,217
    )
    
    
    (12,469
    )Contributions from noncontrolling interests
    
    
    383
    
    
    
    2,543Proceeds from mortgages and notes payable
    
    
    
    
    
    
    29,000Scheduled payments of mortgage principal
    
    
    (5,065
    )
    
    
    (3,979
    )Prepayment of mortgages and note payable
    
    
    
    
    
    
    (32,500
    )Deferred financing costs and mortgage deposits, net of deposits refunded
    
    
    
    
    
    
    (284
    )Proceeds from issuance of shares, net of costs of raising capital
    
    
    7,677
    
    
    
    8,348Purchase of treasury stock
    
    
    (5,110
    )
    
    
    (11,332
    )Net cash used in financing activities
    
    
    (31,677
    )
    
    
    (40,813
    )Change in Cash and Cash Equivalents During the PeriodEffect of exchange rate changes on cash
    
    
    1,556
    
    
    
    (3,382
    )Net decrease in cash and cash equivalents
    
    
    (8,045
    )
    
    
    (99,557
    )Cash and cash equivalents, beginning of period
    
    
    83,985
    
    
    
    174,209Cash and cash equivalents, end of period
    
    $
    75,940
    
    
    $
    74,652
   CPA ® :16  Global 3/31/2010 10-Q 5




---



##### Table of Contents



CORPORATE PROPERTY ASSOCIATES 16  GLOBAL INCORPORATED
 
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
 Note 1. Business
  Note 2. Basis of Presentation
    Basis of Consolidation
    CPA ® :16  Global 3/31/2010 10-Q 6




---



##### Table of Contents



Notes to Consolidated Financial Statements
   Acquisition Costs
  Information about International Geographic Areas
  Note 3. Agreements and Transactions with Related Parties
  Asset Management and Performance Fees
  CPA ® :16  Global 3/31/2010 10-Q 7




---



##### Table of Contents



Notes to Consolidated Financial Statements
 Transaction Fees
   Other Expenses
  Joint Ventures and Other Transactions with Affiliates
   Note 4. Net Investments in Properties
 Real Estate
  March 31, 2010
    
    
    December 31, 2009Land
    
    $
    333,588
    
    
    $
    345,347Buildings
    
    
    1,317,547
    
    
    
    1,351,525Less: Accumulated depreciation
    
    
    (118,462
    )
    
    
    (112,385
    )$
    1,532,673
    
    
    $
    1,584,487
 CPA ® :16  Global 3/31/2010 10-Q 8




---



##### Table of Contents



Notes to Consolidated Financial Statements
 Operating Real Estate
  March 31, 2010
    
    
    December 31, 2009Land
    
    $
    8,296
    
    
    $
    8,296Buildings
    
    
    75,547
    
    
    
    75,422Less: Accumulated depreciation
    
    
    (7,236
    )
    
    
    (6,448
    )$
    76,607
    
    
    $
    77,270
 Other
  Real Estate Under Construction
  Note 5. Equity Investments in Real Estate
   Ownership Interest at
    
    
    Carrying Value atLessee
    
    March 31, 2010
    
    
    March 31, 2010
    
    
    December 31, 2009U-Haul Moving Partners, Inc. and Mercury Partners, LP
    
    
    31
    %
    
    $
    33,582
    
    
    $
    33,834The New York Times Company
    
    
    27
    %
    
    
    33,214
    
    
    
    33,195Schuler A.G. (a) (b)
    
    
    33
    %
    
    
    22,313
    
    
    
    23,469Hellweg Die Profi-Baumarkte GmbH & Co. KG (Hellweg 1) (a)
    
    
    25
    %
    
    
    18,201
    
    
    
    18,934TietoEnator Plc (a)
    
    
    40
    %
    
    
    7,941
    
    
    
    8,488Police Prefecture, French Government (a)
    
    
    50
    %
    
    
    7,894
    
    
    
    8,268Frontier Spinning Mills, Inc.
    
    
    40
    %
    
    
    6,244
    
    
    
    6,077Pohjola Non-life Insurance Company (a)
    
    
    40
    %
    
    
    6,070
    
    
    
    6,632OBI A.G. (a) (c)
    
    
    25
    %
    
    
    5,614
    
    
    
    6,794Actebis Peacock GmbH (a)
    
    
    30
    %
    
    
    5,397
    
    
    
    5,644Actuant Corporation (a)
    
    
    50
    %
    
    
    2,668
    
    
    
    2,758Consolidated Systems, Inc. (b)
    
    
    40
    %
    
    
    2,120
    
    
    
    2,131Lindenmaier A.G. (a)
    
    
    33
    %
    
    
    1,507
    
    
    
    1,569Thales S.A. (a)
    
    
    35
    %
    
    
    535
    
    
    
    356$
    153,300
    
    
    $
    158,149
 
 (a)
    
    Carrying value of investment is affected by the impact of fluctuations in the exchange rate
of the Euro.(b)
    
    Represents tenant-in-common interest. (c)
    
    Carrying value of this investment included our share of the net loss on interest rate swap
derivative instruments recognized by the venture. CPA ® :16  Global 3/31/2010 10-Q 9




---



##### Table of Contents



Notes to Consolidated Financial Statements
   March 31, 2010
    
    
    December 31, 2009Assets
    
    $
    1,448,288
    
    
    $
    1,504,375Liabilities
    
    
    (962,088
    )
    
    
    (1,003,311
    )Partners/members equity
    
    $
    486,200
    
    
    $
    501,064
 Three months ended March 31,2010
    
    
    2009Revenues
    
    $
    36,028
    
    
    $
    32,173Expenses
    
    
    (21,097
    )
    
    
    (20,347
    )Net income
    
    $
    14,931
    
    
    $
    11,826
  Equity Investment in Direct Financing Lease Acquired
 2009  ®
 Note 6. Fair Value Measurements
  CPA ® :16  Global 3/31/2010 10-Q 10




---



##### Table of Contents



Notes to Consolidated Financial Statements
 Items Measured at Fair Value on a Recurring Basis
  Fair Value Measurements at Reporting Date Using:Quoted Prices inActive Markets for
    
    
    Significant Other
    
    
    UnobservableIdentical Assets
    
    
    Observable Inputs
    
    
    InputsDescription
    
    March 31, 2010
    
    
    (Level 1)
    
    
    (Level 2)
    
    
    (Level 3)Assets:Money market funds
    
    $
    34,062
    
    
    $
    34,062
    
    
    $
    
    
    
    $
    Other securities
    
    
    1,775
    
    
    
    
    
    
    
    
    
    
    
    1,775Derivative assets
    
    
    2,023
    
    
    
    
    
    
    
    49
    
    
    
    1,974$
    37,860
    
    
    $
    34,062
    
    
    $
    49
    
    
    $
    3,749Liabilities:Derivative liabilities
    
    $
    (306
    )
    
    $
    
    
    
    $
    (306
    )
    
    $
    
 Fair Value Measurements at Reporting Date Using:Quoted Prices inActive Markets for
    
    
    Significant Other
    
    
    UnobservableIdentical Assets
    
    
    Observable Inputs
    
    
    InputsDescription
    
    December 31, 2009
    
    
    (Level 1)
    
    
    (Level 2)
    
    
    (Level 3)Assets:Money market funds
    
    $
    49,261
    
    
    $
    49,261
    
    
    $
    
    
    
    $
    Other securities
    
    
    1,851
    
    
    
    
    
    
    
    
    
    
    
    1,851Derivative assets
    
    
    2,228
    
    
    
    
    
    
    
    50
    
    
    
    2,178$
    53,340
    
    
    $
    49,261
    
    
    $
    50
    
    
    $
    4,029Liabilities:Derivative liabilities
    
    $
    (380
    )
    
    $
    
    
    
    $
    (380
    )
    
    $
    
  Fair Value Measurements Using Significant Unobservable Inputs (Level 3 Only)Other
    
    
    Derivative
    
    
    Total
    
    
    Other
    
    
    Derivative
    
    
    TotalSecurities
    
    
    Assets
    
    
    Assets
    
    
    Securities
    
    
    Assets
    
    
    AssetsThree months ended March 31, 2010
    
    
    Three months ended March 31, 2009Beginning
balance
    
    $
    1,851
    
    
    $
    2,178
    
    
    $
    4,029
    
    
    $
    2,192
    
    
    $
    2,973
    
    
    $
    5,165Total gains or
losses (realized
and unrealized):Included in
earnings
    
    
    
    
    
    
    (151
    )
    
    
    (151
    )
    
    
    
    
    
    
    647
    
    
    
    647Included in
other
comprehensive
income
(loss)
    
    
    3
    
    
    
    (53
    )
    
    
    (50
    )
    
    
    3
    
    
    
    (126
    )
    
    
    (123
    )Amortization and
accretion
    
    
    (79
    )
    
    
    
    
    
    
    (79
    )
    
    
    (76
    )
    
    
    
    
    
    
    (76
    )Ending balance
    
    $
    1,775
    
    
    $
    1,974
    
    
    $
    3,749
    
    
    $
    2,119
    
    
    $
    3,494
    
    
    $
    5,613The amount of total
gains or losses for
the period included
in earnings
attributable to the
change in
unrealized gains or
losses relating to
assets still held
at the reporting
date
    
    $
    
    
    
    $
    (151
    )
    
    $
    (151
    )
    
    $
    
    
    
    $
    647
    
    
    $
    647
  CPA ® :16  Global 3/31/2010 10-Q 11




---



##### Table of Contents



Notes to Consolidated Financial Statements
  March 31, 2010
    
    
    December 31, 2009Carrying Value
    
    
    Fair Value
    
    
    Carrying Value
    
    
    Fair ValueNon-recourse debt
    
    $
    1,387,675
    
    
    $
    1,262,277
    
    
    $
    1,445,889
    
    
    $
    1,286,300Notes receivable
    
    
    342,905
    
    
    
    341,753
    
    
    
    362,707
    
    
    
    363,389Other securities
    
    
    1,760
    
    
    
    1,775
    
    
    
    1,839
    
    
    
    1,851
  Items Measured at Fair Value on a Non-Recurring Basis
   Three months ended March 31, 2010
    
    
    Three months ended March 31, 2009Total Fair Value
    
    
    Total Impairment
    
    
    Total Fair Value
    
    
    Total ImpairmentMeasurements
    
    
    Charges
    
    
    Measurements
    
    
    ChargesAssets:Net investments in properties
    
    $
    17,295
    
    
    $
    2,835
    
    
    $
    12,459
    
    
    $
    14,951Net investments in direct financing leases
    
    
    31,705
    
    
    
    5,195
    
    
    
    
    
    
    
    Intangible assets
    
    
    
    
    
    
    
    
    
    
    892
    
    
    
    1,070$
    49,000
    
    
    $
    8,030
    
    
    $
    13,351
    
    
    $
    16,021Liabilities:
    
    $
    
    
    
    $
    
    
    
    $
    (31
    )
    
    $
    (37
    )Intangible liabilities
    
    $
    
    
    
    $
    
    
    
    $
    (31
    )
    
    $
    (37
    )
 Note 7. Risk Management and Use of Derivative Financial Instruments
 Risk Management
  Foreign Currency Exchange
  CPA ® :16  Global 3/31/2010 10-Q 12




---



##### Table of Contents



Notes to Consolidated Financial Statements
 Use of Derivative Financial Instruments
    Balance Sheet
    
    Asset Derivatives Fair Value at
    
    
    Liability Derivatives Fair Value atLocation
    
    March 31, 2010
    
    
    December 31, 2009
    
    
    March 31, 2010
    
    
    December 31, 2009Derivatives designated as hedging instrumentsInterest rate caps
    
    Other assets
    
    $
    13
    
    
    $
    50
    
    
    $
    
    
    
    $
    Foreign exchange collar contracts
    
    Other assets
    
    
    36
    
    
    
    
    
    
    
    
    
    
    
    Foreign exchange contracts
    
    Other liabilities
    
    
    
    
    
    
    
    
    
    
    (20
    )
    
    
    (143
    )Interest rate swaps
    
    Other liabilities
    
    
    
    
    
    
    
    
    
    
    (286
    )
    
    
    (237
    )49
    
    
    
    50
    
    
    
    (306
    )
    
    
    (380
    )Derivatives not designated as hedging instrumentsEmbedded credit derivatives
    
    Other assets
    
    
    705
    
    
    
    963
    
    
    
    
    
    
    
    Stock warrants
    
    Other assets
    
    
    1,269
    
    
    
    1,215
    
    
    
    
    
    
    
    1,974
    
    
    
    2,178
    
    
    
    
    
    
    
    Total derivatives
    
    
    
    $
    2,023
    
    
    $
    2,228
    
    
    $
    (306
    )
    
    $
    (380
    )
  Amount of Gain
    
    
    Amount of (Loss) GainRecognized in OCI on Derivatives
    
    
    Reclassified from OCI into Income(Effective Portion)
    
    
    (Effective Portion)Three months ended March 31,
    
    
    Three months ended March 31,Derivatives in Cash Flow Hedging Relationships
    
    2010
    
    
    2009
    
    
    2010
    
    
    2009Interest rate caps (a) (b)
    
    $
    (37
    )
    
    $
    20
    
    
    $
    
    
    
    $
    Interest rate swaps (a)
    
    
    (50
    )
    
    
    34
    
    
    
    
    
    
    
    Foreign currency forward contracts (a) (c)
    
    
    123
    
    
    
    18
    
    
    
    (10
    )
    
    
    27Foreign currency collars (a)
    
    
    36
    
    
    
    
    
    
    
    
    
    
    
    Total
    
    $
    72
    
    
    $
    72
    
    
    $
    (10
    )
    
    $
    27
 
 (a)
    
    During the three months ended March 31, 2010 and 2009, no gains or losses were reclassified
from OCI into income related to ineffective portions of hedging relationships or to amounts
excluded from effectiveness testing.(b)
    
    Includes loss (gain) attributable to noncontrolling interests totaling less than $0.1 million
for the three months ended March 31, 2010 and 2009, respectively.(c)
    
    (Losses) gains reclassified from OCI into income for contracts that have matured are included
in Other income and (expenses). CPA ® :16  Global 3/31/2010 10-Q 13




---



##### Table of Contents



Notes to Consolidated Financial Statements
 Amount of (Loss) Gain Recognizedin Income on DerivativesDerivatives not in Cash Flow
    
    Location of (Loss) Gain
    
    Three months ended March 31,Hedging Relationships
    
    Recognized in Income
    
    2010
    
    
    2009Embedded credit
derivatives (a)
    
    Other income and (expenses)
    
    $
    (205
    )
    
    $
    647Stock warrants
    
    Other income and (expenses)
    
    
    54
    
    
    
    Total
    
    
    
    $
    (151
    )
    
    $
    647
 
 (a)
    
    Includes losses attributable to noncontrolling interests totaling $0.1 million and $0.5
million for the three months ended March 31, 2010 and 2009, respectively.  Interest Rate Swaps and Caps
   Notional
    
    
    
    
    
    
    
    
    Effective
    
    
    
    
    
    
    
    
    Fair Value atType
    
Amount (a)
    
    
Cap Rate
    
    
Spread
    
    
    Interest Rate
    
    
    Effective Date
    
    
    Expiration Date
    
    
    March 31, 20101-Month LIBOR
    
    Pay-fixed swap
    
    $
    3,862
    
    
    
    N/A
    
    
    
    N/A
    
    
    
    6.7
    %
    
    
    2/2008
    
    
    
    2/2018
    
    
    $
    (286
    )1-Month LIBOR
    
    Interest rate cap (a)
    
    
    29,000
    
    
    
    5.0
    %
    
    
    5.0
    %
    
    
    6.6
    %
    
    
    3/2009
    
    
    
    3/2012
    
    
    
    13$
    (273
    )
 
 (a)
    
    In February 2009, a venture in which we own a 50% interest, and which we consolidate, repaid
a $39.0 million outstanding balance on a non-recourse mortgage loan at a discount for $32.5
million and recognized a corresponding gain of $6.5 million. In connection with this
transaction, the venture obtained new non-recourse mortgage financing of approximately $29.0
million. The new debt has an annual interest rate of LIBOR plus 5%, with a minimum rate of 6%
and a maximum rate that has been capped at 10% through the use of an interest rate cap. This
financing has a term of three years, with two one-year extensions. The applicable interest
rate of the related debt was 6.6% at March 31, 2010, and therefore the interest rate cap was
not being utilized at that date.  Ownership
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    EffectiveInterest at
    
    
    
    
    
    
    Notional
    
    
    
    
    
    
    
    
    
    
    Interest
    
    
    Effective
    
    
    Expiration
    
    
    Fair Value atMarch 31, 2010
    
    
    Type
    
    Amount
    
    
    Cap Rate
    
    
    Spread
    
    
    Rate
    
    
    Date
    
    
    Date
    
    
    March 31, 20101-Month LIBOR
    
    
    25.0
    %
    
    Pay-fixed swap
    
    $
    159,990
    
    
    
    N/A
    
    
    
    N/A
    
    
    
    5.0%-5.6
    %
    
    
    7/2006-4/2008
    
    
    
    10/2015-7/1/2016
    
    
    $
    (11,023
    )1-Month LIBOR
    
    
    27.3
    %
    
    Interest rate cap
    
    
    118,541
    
    
    
    4.0
    %
    
    
    4.8
    %
    
    
    N/A
    
    
    
    8/2009
    
    
    
    8/2014
    
    
    
    1,822$
    (9,201
    )
 CPA ® :16  Global 3/31/2010 10-Q 14




---



##### Table of Contents



Notes to Consolidated Financial Statements
 Foreign Currency Contracts
    Embedded Credit Derivatives
  Stock Warrants
  Other
   Portfolio
Concentration Risk
   CPA ® :16  Global 3/31/2010 10-Q 15




---



##### Table of Contents



Notes to Consolidated Financial Statements
   Note 8. Noncontrolling Interests
   CPA®:16  Global
    
    
    NoncontrollingTotal
    
    
    Shareholders
    
    
    InterestsBalance at January 1, 2010
    
    
    976,827
    
    
    
    888,659
    
    
    
    88,168Shares issued
    
    
    10,622
    
    
    
    10,622
    
    
    
    Contributions
    
    
    383
    
    
    
    
    
    
    
    383Net income
    
    
    7,967
    
    
    
    5,960
    
    
    
    2,007Distributions
    
    
    (22,862
    )
    
    
    (20,435
    )
    
    
    (2,427
    )Change in other comprehensive income (loss)
    
    
    (15,568
    )
    
    
    (12,400
    )
    
    
    (3,168
    )Shares repurchased
    
    
    (5,110
    )
    
    
    (5,110
    )
    
    
    Balance at March 31, 2010
    
    $
    952,259
    
    
    $
    867,296
    
    
    $
    84,963
 CPA®:16  Global
    
    
    NoncontrollingTotal
    
    
    Shareholders
    
    
    InterestsBalance at January 1, 2009
    
    $
    1,046,605
    
    
    $
    959,896
    
    
    $
    86,709Shares issued
    
    
    11,374
    
    
    
    11,374
    
    
    
    Contributions
    
    
    2,543
    
    
    
    
    
    
    
    2,543Net (loss) income
    
    
    (3,462
    )
    
    
    (7,645
    )
    
    
    4,183Distributions
    
    
    (26,393
    )
    
    
    (20,169
    )
    
    
    (6,224
    )Change in other comprehensive income (loss)
    
    
    (21,301
    )
    
    
    (17,345
    )
    
    
    (3,956
    )Shares repurchased
    
    
    (11,332
    )
    
    
    (11,332
    )
    
    
    Balance at March 31, 2009
    
    $
    998,034
    
    
    $
    914,779
    
    
    $
    83,255
 Redeemable Noncontrolling Interests
  CPA ® :16  Global 3/31/2010 10-Q 16




---



##### Table of Contents



Notes to Consolidated Financial Statements
 2010
    
    
    2009Balance at January 1,
    
    $
    337,397
    
    
    $
    331,841Foreign currency translation adjustment
    
    
    (20,668
    )
    
    
    (20,927
    )Balance at March 31,
    
    $
    316,729
    
    
    $
    310,914
 Note 9. Impairment Charges
   Three months ended March 31,2010
    
    
    2009Net investments in properties
    
    $
    2,835
    
    
    $
    15,984Net investment in direct financing leases
    
    
    5,195
    
    
    
    Total impairment charges included in income from continuing operations
    
    $
    8,030
    
    
    $
    15,984
  
 Note 10. Commitments and Contingencies
  Note 11. Income Taxes
    CPA ® :16  Global 3/31/2010 10-Q 17




---



##### Table of Contents



Notes to Consolidated Financial Statements
   Note 12. Discontinued Operations
      Three months ended March 31,2010
    
    
    2009Revenues
    
    $
    348
    
    
    $
    1,706Expenses
    
    
    (249
    )
    
    
    (1,665
    )Gain on extinguishment of debt
    
    
    7,082
    
    
    
    Income from discontinued operations
    
    $
    7,181
    
    
    $
    41
 CPA ® :16  Global 3/31/2010 10-Q 18




---



##### Table of Contents



Item 2.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations
  Business Overview
  Financial Highlights
  Three months ended March 31,2010
    
    
    2009Total revenues
    
    $
    59,157
    
    
    $
    55,708Net income (loss) attributable to CPA®:16  Global shareholders
    
    
    5,960
    
    
    
    (7,645
    )Cash flow from operating activities
    
    
    29,825
    
    
    
    26,162
      Current Trends
   CPA ® :16  Global 3/31/2010 10-Q 19




---



##### Table of Contents



Financing Conditions
   Tenant Defaults
     Net Asset Values
   Inflation and Foreign Exchange Rates
  CPA ® :16  Global 3/31/2010 10-Q 20




---



##### Table of Contents



Three months ended March 31,2010
    
    
    2009Average conversion rate from Euro to U.S. dollar
    
    
    1.3856
    
    
    
    1.3083
  Results of Operations
  Three months ended March 31,2010
    
    
    2009Rental income
    
    $
    38,726
    
    
    $
    35,947Interest income from direct financing leases
    
    
    6,727
    
    
    
    6,663$
    45,453
    
    
    $
    42,610
  Three months ended March 31,Lessee
    
    2010
    
    
    2009Hellweg Die Profi-Baumarkte GmbH & Co. KG (Hellweg 2) (a) (b)
    
    
    8,947
    
    
    
    8,432Telcordia Technologies, Inc.
    
    
    2,343
    
    
    
    2,342Tesco plc (a) (b) (c)
    
    
    1,894
    
    
    
    Nordic Cold Storage LLC
    
    
    1,731
    
    
    
    1,624Berry Plastics Corporation (b)
    
    
    1,697
    
    
    
    1,660Fraikin SAS (a)
    
    
    1,410
    
    
    
    1,395MetoKote Corp., MetoKote Canada Limited and MetoKote de Mexico(a) (d)
    
    
    1,207
    
    
    
    1,145International Aluminum Corp. and United States Aluminum of Canada Ltd. (a)
    
    
    1,129
    
    
    
    1,129The Talaria Company (Hinckley) (b)(e)
    
    
    1,120
    
    
    
    1,244LFD Manufacturing Ltd., IDS Logistics (Thailand) Ltd. and IDS Manufacturing SDN BHD (a)
    
    
    1,043
    
    
    
    940Huntsman International, LLC
    
    
    1,006
    
    
    
    1,006Best Brands Corp.
    
    
    997
    
    
    
    988Ply Gem Industries, Inc. (a)
    
    
    985
    
    
    
    959TRW Vehicle Safety Systems Inc. (d)
    
    
    892
    
    
    
    892Bobs Discount Furniture, LLC
    
    
    888
    
    
    
    860Performance Fibers GmbH(a)
    
    
    841
    
    
    
    804Universal Technical Institute of California, Inc.
    
    
    836
    
    
    
    836Kings Super Markets Inc.
    
    
    835
    
    
    
    835Finisar Corporation
    
    
    805
    
    
    
    805Dicks Sporting Goods, Inc. (b)
    
    
    784
    
    
    
    784Other (a) (b) (d)
    
    
    14,063
    
    
    
    13,930$
    45,453
    
    
    $
    42,610
 
 (a)
    
    Amounts are subject to fluctuations in foreign currency exchange rates.(b)
    
    These revenues are generated in consolidated ventures, generally with our affiliates, and
include lease revenues applicable to noncontrolling interests totaling $11.0 million and $9.6
million for the three months ended March 31, 2010 and 2009, respectively. CPA ® :16  Global 3/31/2010 10-Q 21




---



##### Table of Contents



(c)
    
    Investment was acquired in July 2009.(d)
    
    Tenant operates in the automotive industry. Included in Other are lease revenues from four
additional tenants operating in the automotive industry totaling $1.8 million and $1.7 million
for the three months ended March 31, 2010 and 2009, respectively.(e)
    
    During the second half of 2009, we entered into a lease amendment with the tenant to defer
certain rental payments until April 2010 as a result of the tenants financial difficulties.
In April 2010, the lease was further amended to extend the rental payment deferral period
through August 2010. In connection with a potential sale of this property, during the three
months ended March 31, 2010, we recognized an impairment charge of $8.0 million, inclusive of
amounts attributable to noncontrolling interests of $2.4 million.  Ownership Interest at
    
    
    Three months ended March 31,Lessee
    
    March 31, 2010
    
    
    2010
    
    
    2009U-Haul Moving Partners, Inc. and Mercury Partners, L.P. (a)
    
    
    31
    %
    
    $
    8,122
    
    
    $
    7,136The New York Times Company (b)
    
    
    27
    %
    
    
    6,659
    
    
    
    1,850OBI A.G. (c)
    
    
    25
    %
    
    
    4,060
    
    
    
    3,908Hellweg Die Profi-Baumarkte GmbH & Co. KG (c)
    
    
    25
    %
    
    
    3,754
    
    
    
    3,430Pohjola Non-life Insurance Company (c)
    
    
    40
    %
    
    
    2,210
    
    
    
    2,120Police Prefecture, French Government (a)(c)
    
    
    50
    %
    
    
    2,157
    
    
    
    1,843TietoEnator Plc(c)
    
    
    40
    %
    
    
    2,098
    
    
    
    1,980Schuler A.G. (c)
    
    
    33
    %
    
    
    1,595
    
    
    
    1,520Frontier Spinning Mills, Inc.
    
    
    40
    %
    
    
    1,118
    
    
    
    1,109Thales S.A. (c) (d)
    
    
    35
    %
    
    
    1,086
    
    
    
    3,342Actebis Peacock GmbH (c)
    
    
    30
    %
    
    
    1,008
    
    
    
    949Consolidated Systems, Inc.
    
    
    40
    %
    
    
    449
    
    
    
    449Actuant Corporation (c)
    
    
    50
    %
    
    
    446
    
    
    
    423Lindenmaier A.G. (c) (e)
    
    
    33
    %
    
    
    379
    
    
    
    603$
    35,141
    
    
    $
    30,662
 
 (a)
    
    Increase was due to CPI-based (or equivalent) rent increase.(b)
    
    We acquired our interest in this investment in March 2009.(c)
    
    Amounts are subject to fluctuations in foreign currency exchange rates.(d)
    
    The venture sold four of the five properties leased to Thales in July 2009.(e)
    
    Tenant operates in the automotive industry and is operating under bankruptcy protection. In
April 2009, Lindenmaier A.G. filed for bankruptcy in Germany. In July 2009, the venture
entered into an interim lease agreement with Lindenmaier that expired in February 2010 and was
then converted to a month-to-month lease. This interim agreement provides for substantially
lower rental income than the original lease. Additionally, in April 2010 we entered into a
lease agreement with a new tenant at a vacant property formerly leased to Lindenmaier, which
will generate annualized lease revenues of approximately $0.3 million.  CPA ® :16  Global 3/31/2010 10-Q 22




---



##### Table of Contents



Lease Revenues
   Depreciation and Amortization
  Impairment Charges
   Income from Equity Investments in Real Estate
   Gain on Extinguishment of Debt
  Other Income and (Expenses)
   Net Income (Loss) Attributable to CPA ® :16
 Global Shareholders
 ®
 CPA ® :16  Global 3/31/2010 10-Q 23




---



##### Table of Contents



Financial Condition
 Sources and Uses of Cash During the Period
  Operating Activities
  Investing Activities
  Financing Activities
    CPA ® :16  Global 3/31/2010 10-Q 24




---



##### Table of Contents



Summary of Financing
  March 31, 2010
    
    
    December 31, 2009BalanceFixed rate
    
    $
    1,329,116
    
    
    $
    1,385,550Variable rate (a)
    
    
    58,559
    
    
    
    60,339Total
    
    $
    1,387,675
    
    
    $
    1,445,889Percent of total debtFixed rate
    
    
    96
    %
    
    
    96
    %Variable rate (a)
    
    
    4
    %
    
    
    4
    %100
    %
    
    
    100
    %Weighted average interest rate at end of periodFixed rate
    
    
    5.9
    %
    
    
    5.9
    %Variable rate (a)
    
    
    6.0
    %
    
    
    6.0
    %
 
 (a)
    
    Variable rate debt at March 31, 2010 included (i) $3.9 million that has been effectively
converted to a fixed rate through an interest rate swap derivative instrument, (ii) $29.0
million that is subject to an interest rate cap, but for which the effective interest rate of
the cap was not in effect at March 31, 2010 and (iii) $25.7 million in mortgage obligations
that bore interest at fixed rates but that have interest rate reset features that may change
the interest rates to then-prevailing market fixed rates (subject to specific caps) at certain
points during their term. No interest rate resets or expirations of interest rate swaps or
caps are scheduled to occur during the next twelve months. Cash Resources
  Cash Requirements
   CPA ® :16  Global 3/31/2010 10-Q 25




---



##### Table of Contents



Off-Balance Sheet Arrangements and Contractual Obligations
  Less than
    
    
    
    
    
    
    
    
    
    
    More thanTotal
    
    
    1 year
    
    

13 years
    
    

35 years
    
    
    5 yearsNon-recourse debt  Principal
    
    $
    1,387,675
    
    
    $
    22,504
    
    
    $
    82,273
    
    
    $
    124,158
    
    
    $
    1,158,740Deferred acquisition fees  Principal
    
    
    2,700
    
    
    
    1,911
    
    
    
    789
    
    
    
    
    
    
    
    Interest on borrowings and deferred acquisition
fees (a)
    
    
    579,307
    
    
    
    81,613
    
    
    
    157,059
    
    
    
    146,560
    
    
    
    194,075Subordinated disposition fees(b)
    
    
    1,013
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,013Build-to-suit commitments (c)
    
    
    6,526
    
    
    
    6,526
    
    
    
    
    
    
    
    
    
    
    
    Lending commitments (d)
    
    
    209
    
    
    
    209
    
    
    
    
    
    
    
    
    
    
    
    Operating and other lease commitments (e)
    
    
    56,564
    
    
    
    1,792
    
    
    
    3,618
    
    
    
    3,615
    
    
    
    47,539$
    2,033,994
    
    
    $
    114,555
    
    
    $
    243,739
    
    
    $
    274,333
    
    
    $
    1,401,367
 
 (a)
    
    Interest on an unhedged variable rate debt obligation was calculated using the variable
interest rate and balance outstanding at March 31, 2010.(b)
    
    Payable to the advisor, subject to meeting contingencies, in connection with any liquidity
event. There can be no assurance that any liquidity event will be achieved in this time frame.(c)
    
    Represents remaining build-to-suit commitment for a domestic project. During April 2010, the
estimated budget for this project was increased by $2.8 million. Total estimated construction
costs for this project are currently projected to be $65.8 million, of which $56.5 million had
been funded at March 31, 2010.(d)
    
    Represents unfunded amount on a commitment to provide a loan to a developer of a domestic
property. During April 2010, we committed to fund additional loan proceeds of $3.2 million
through the completion of this project. The total commitment for the loan is currently $19.0
million, of which $16.0 million had been funded at March 31, 2010.(e)
    
    Operating and other lease commitments consist primarily of rent obligations under ground
leases and our share of future minimum rents payable under an office cost-sharing agreement
with certain affiliates for the purpose of leasing office space used for the administration of
real estate entities. Amounts under the cost-sharing agreement are allocated among the
entities based on gross revenues and are adjusted quarterly. Rental obligations under ground
leases are inclusive of noncontrolling interests of approximately $8.7 million.    CPA ® :16  Global 3/31/2010 10-Q 26




---



##### Table of Contents



Ownership Interest
    
    
    
    
    
    
    Total ThirdLessee
    
    at March 31, 2010
    
    
    Total Assets
    
    
    Party Debt
    
    
    Maturity DateThales S.A. (a)
    
    
    35
    %
    
    $
    27,864
    
    
    $
    25,337
    
    
    
    7/2011U-Haul Moving Partners, Inc. and Mercury Partners, L.P.
    
    
    31
    %
    
    
    297,517
    
    
    
    163,283
    
    
    
    5/2014Actuant Corporation (a)
    
    
    50
    %
    
    
    17,114
    
    
    
    11,228
    
    
    
    5/2014TietoEnator Plc(a)
    
    
    40
    %
    
    
    91,162
    
    
    
    70,709
    
    
    
    7/2014The New York Times Company
    
    
    27
    %
    
    
    241,237
    
    
    
    118,541
    
    
    
    9/2014Pohjola Non-life Insurance Company
    
    
    40
    %
    
    
    97,226
    
    
    
    80,173
    
    
    
    1/2015Hellweg Die Profi-Baumarkte GmbH & Co. KG (Hellweg 1)
(a)
    
    
    25
    %
    
    
    182,723
    
    
    
    98,787
    
    
    
    5/2015Actebis Peacock GmbH (a)
    
    
    30
    %
    
    
    49,149
    
    
    
    29,941
    
    
    
    7/2015Frontier Spinning Mills, Inc.
    
    
    40
    %
    
    
    39,494
    
    
    
    23,224
    
    
    
    8/2016Consolidated Systems, Inc.
    
    
    40
    %
    
    
    16,925
    
    
    
    11,494
    
    
    
    11/2016Lindenmaier A.G. (a)
    
    
    33
    %
    
    
    16,927
    
    
    
    11,850
    
    
    
    10/2017OBI A.G. (a)
    
    
    25
    %
    
    
    198,021
    
    
    
    159,990
    
    
    
    3/2018Police Prefecture, French Government (a)
    
    
    50
    %
    
    
    103,113
    
    
    
    84,834
    
    
    
    8/2020Schuler A.G. (a)
    
    
    33
    %
    
    
    69,816
    
    
    
    
    
    
    
    N/A$
    1,448,288
    
    
    $
    889,391
 
 (a)
    
    Dollar amounts shown are based on the applicable exchange rate of the foreign currency at
March 31, 2010. 
 Item 3.
    
    Quantitative and Qualitative Disclosures About Market Risk
 Market Risk
   Interest Rate Risk
   CPA ® :16  Global 3/31/2010 10-Q 27




---



##### Table of Contents



2010
    
    
    2011
    
    
    2012
    
    
    2013
    
    
    2014
    
    
    Thereafter
    
    
    Total
    
    
    Fair valueFixed rate debt
    
    $
    16,280
    
    
    $
    24,585
    
    
    $
    26,604
    
    
    $
    29,666
    
    
    $
    92,803
    
    
    $
    1,139,178
    
    
    $
    1,329,116
    
    
    $
    1,203,722Variable rate debt
    
    $
    301
    
    
    $
    406
    
    
    $
    29,410
    
    
    $
    417
    
    
    $
    489
    
    
    $
    27,536
    
    
    $
    58,559
    
    
    $
    58,555
  Foreign Currency Exchange Rate Risk
  CPA ® :16  Global 3/31/2010 10-Q 28




---



##### Table of Contents



Other
  
 Item 4.
    
    Controls and Procedures
 Disclosure Controls and Procedures
   Changes in Internal Control over Financial Reporting
  
 PART II
 
 Item 2.
    
    Unregistered Sales of Equity Securities
  CPA ® :16  Global 3/31/2010 10-Q 29




---



##### Table of Contents



Issuer Purchases of Equity Securities:
  Maximum number (orTotal number of shares
    
    
    approximate dollar value)purchased as part of
    
    
    of shares that may yet beTotal number of
    
    
    Average price
    
    
    publicly announced
    
    
    purchased under the2010 Period
    
    shares purchased(a)
    
    
    paid per share
    
    
    plans or programs(a)
    
    
    plans or programs(a)January
    
    
    
    
    
    
    
    
    
    
    N/A
    
    
    
    N/AFebruary
    
    
    
    
    
    
    
    
    
    
    N/A
    
    
    
    N/AMarch
    
    
    597,223
    
    
    $
    8.56
    
    
    
    N/A
    
    
    
    N/ATotal
    
    
    597,223
 
 (a)
    
    Represents shares of our common stock purchased pursuant to our redemption plan. In December
2003, we announced a redemption plan under which we may elect to redeem shares at the request
of our shareholders, subject to certain conditions and limitations. The maximum amount of
shares purchasable by us in any period depends on a number of factors and is at the discretion
of our board of directors. The redemption plan will terminate if and when our shares are
listed on a national securities market. 
 Item 6.
    
    Exhibits
 Exhibit No.
    
    Description
    
    Method of Filing31.1
    
    
    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
    
    Filed herewith31.2
    
    
    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
    
    Filed herewith32
    
    
    Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
    
    Filed herewith
 CPA ® :16  Global 3/31/2010 10-Q 30




---



##### Table of Contents



SIGNATURES
  Corporate Property Associates 16  Global IncorporatedDate 5/14/2010
    By:
    /s/ Mark J. DeCesarisMark J. DeCesarisManaging Director and Acting Chief Financial Officer
(Principal Financial Officer)Date 5/14/2010
    By:
    /s/ Thomas J. Ridings, Jr.Thomas J. Ridings, Jr.Executive Director and Chief Accounting Officer
(Principal Accounting Officer) CPA ® :16  Global 3/31/2010 10-Q 31




---



##### Table of Contents



EXHIBIT INDEX
 Exhibit No.
    
    Description
    
    Method of Filing31.1
    
    
    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
    
    Filed herewith31.2
    
    
    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
    
    Filed herewith32
    
    
    Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
    
    Filed herewith
 CPA ® :16  Global 3/31/2010 10-Q 32