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Stock Market & Financial Investment News

News Breaks
January 16, 2013
08:20 EDTWPCW.P. Carey ends 2012 with total investment volume of $1.4B
W. P. Carey announced 2012 investment volume, financing and leasing activities for its owned and managed portfolios. Investments totaled approximately $1.4B in 2012, comprised of approximately $152M for W. P. Carey's owned portfolio and $1.2B for the publicly-held, non-traded REITs that it manages. Owned Portfolio Investments W. P. Carey's completed acquisitions totaled approximately $152M, including the remaining interest in an existing portfolio of 12 Marriott Hotels and five Walgreens retail stores in Alabama, Georgia, North Carolina, Texas and Virginia.Financing Activity Financings by W. P. Carey consisted primarily of refinancings of its existing portfolio holdings totaling more than $75M, including refinancings by CPA:15 prior to its merger with W. P. Carey. Another achievement has been the growth of the company's assets under ownership and management, which are now approximately $14.1B in total, versus $5B ten years ago.
News For WPC From The Last 14 Days
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May 20, 2015
07:33 EDTWPCW.P. Carey to fund development of $85M hotel in Munich, Germany
W. P. Carey's CPA:18 – Global has entered into an agreement to fund the completion of a new upscale lifestyle hotel in Munich, Germany. CPA®:18 – Global will provide approximately $85M to complete the construction of the hotel, which will be leased for a period of 20 years. The hotel will be a full-service 290-room upscale hotel initially funded with $45M at closing, with the remaining development budget disbursed through the successful completion and opening of the hotel in early 2016. The lease commences on opening and includes annual rent escalations.
May 19, 2015
07:33 EDTWPCW.P. Carey acquires majority interest in Ritz-Carlton Philadelphia
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May 18, 2015
07:32 EDTWPCW.P. Carey backs FY15 adjusted FFO $4.76-$5.02
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07:31 EDTWPCW.P. Carey reports Q1 adjusted FFO $1.22
Reports Q1 revenue $204.8M, comprised of net revenue from real estate ownership of $170.5M and net revenue from managed REITs of $34.4M.

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