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Stock Market & Financial Investment News

News Breaks
February 5, 2014
07:35 EDTWPCW.P. Carey announces two acquisitions on behalf of CPA:18 – Global
W. P. Carey announced two acquisitions completed on behalf of CPA:18 – Global, one of its managed non-traded REIT affiliates. The total investment in the two assets, which are located in Illinois and Ohio, was approximately $92M. The distribution facility, located on a 90.24 acre site outside Chicago, in University Park, Illinois, is leased to a Solo Cup affiliate. The total acquisition price of the 1,552,475 square foot facility was approximately $85M. The 178,180 square foot property, located less than 25 miles from Cleveland's central business district in Streetsboro, Ohio, is leased to Air Enterprises for a period of 15 years. The total acquisition price was approximately $7M.
News For WPC From The Last 14 Days
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May 29, 2015
07:31 EDTWPCW.P. Carey announces CPA:18 Global acquires $105M Norway property
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May 27, 2015
11:11 EDTWPCW.P. Carey to host investor day
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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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