New User:

Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
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 11, 2015
16:48 EDTWPCW.P. Carey acquires $62.9M Stern Group auto dealership portfolio
W. P. Carey announced that it has entered into an approximately $62.9M sale-leaseback transaction for a portfolio of 10 automotive retail and service sites in the Netherlands with Stern Group, a Dutch listed automotive group.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use