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Stock Market & Financial Investment News

News Breaks
November 29, 2012
08:05 EDTWPC, EXRW.P. Carey announces $25M acquisition of three Florida self-storage properties
W. P. Carey (WPC) announced that CPA:17 - Global, one of its publicly-held non-traded REIT affiliates, has acquired three self storage facilities from Safeguard Self Storage. The properties comprise a total of 225,569 square feet and are located in Tampa, St. Petersburg and Palm Harbor, Florida. The properties will be managed by Extra Space Storage (EXR). The total purchase price was approximately $25M.
News For WPC;EXR From The Last 14 Days
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November 18, 2015
07:32 EDTWPCW.P. Carey acquires $52M Marriott International net lease portfolio
W. P. Carey (WPC) has acquired a portfolio of six Courtyard by Marriott hotels for approximately $52M. The portfolio is triple-net leased to a wholly-owned subsidiary of Marriott (MAR). The portfolio of six properties has shown strong operating performance in recent years, including growth in average daily rate, occupancy and revenue per available room, and has generated consistent operating margins and substantial rent coverage. The portfolio is triple-net leased with a remaining term of approximately 11 years and includes fixed rent escalations.
November 17, 2015
08:22 EDTEXRJefferies to hold events at NAREIT
Jefferies Company Events being held at NAREIT in Las Vegas on November 17-18.

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