W.P. Carey affiliate acquires two self-storage facilities for $24.6M W. P. Carey announced that CPA:18 – Global, one of its publicly held non-traded REIT affiliates, has acquired two self-storage facilities in Florida in January 2014. The properties are located in Kissimmee and St. Petersburg. The total purchase price of the two properties is approximately $24.6M. Financing of the acquisitions totaled $14.5M.
W.P. Carey reports Q2 AFFO $1.31, consensus $1.21 Reports Q2 revenue $224.3M, comprised of net revenues from real estate ownership of $174.1 million and net revenues from the Managed Programs of $50.2 million. Consensus is $167.28M.