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Stock Market & Financial Investment News

News Breaks
June 13, 2014
07:30 EDTWPCCarey Watermark acquires Boca Raton Marriot at Boca Center
The hotel will undergo a significant renovation including guestrooms, corridors and meeting space at an estimated cost of over $7 million.
News For WPC From The Last 14 Days
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January 28, 2015
07:36 EDTWPCW.P. Carey acquires 73-property Pendragon auto dealership portfolio for $355M
W. P. Carey has acquired a portfolio of 73 automotive retail facilities located throughout the UK, net leased to Pendragon plc for a gross purchase price, including fees, of $355M. Pendragon is the largest automotive retailer in the UK with 225 franchise locations spread across the country. The triple-net lease portfolio has a weighted average lease term of 15 years and includes annual inflation-based rent escalation.

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