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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.
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December 17, 2014
07:33 EDTWPCW.P. Carey acquires $29.5M industrial and distribution facility leased to Polaris
W. P. Carey (WPC) has acquired a newly-constructed, approximately 362,000 square-foot, light-industrial and distribution center in Opole, Poland for $29.5M leased to Polaris Industries (PII). The facility will serve as Polaris' primary European assembly and distribution center. The net lease will be for an initial 15-year term and include CPI-based rent growth.
December 11, 2014
16:10 EDTWPCW.P. Carey's CPA:17 - Global acquires office building for $34M in Minnesota
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December 10, 2014
16:23 EDTWPCW.P. Carey increases quarterly dividend to 95c
W. P. Carey increased its quarterly cash dividend to 95c per share, payable on January 15, 2015 to stockholders of record as of December 31, 2014.
December 4, 2014
19:13 EDTWPCW.P. Carey awarded $372M sale-leaseback by Andalusia
W. P. Carey announced that it has been awarded the opportunity to purchase a portfolio of office buildings from the Spanish State of Andalusia. The properties will be leased back to the State of Andalusia for a 20 year term. The consummation of the proposed acquisition is subject to the satisfaction of various closing conditions, and W. P. Carey can make no assurance that it will acquire any of the properties or, if it does, what the ultimate terms or timing of any such acquisition will be. The portfolio includes 70 office buildings totaling approximately 2.8M square feet located in the capital and major cities throughout the Spanish State of Andalusia. The offices are home to a diverse range of state government departments and agencies. The properties include offices for the State Employment Agency, Departments of Agriculture, Health, Education, Taxation, Trade & Tourism, Social Work and Environmental Control. In addition, a number of the facilities are significant centers of government administration as well as cultural and social services.

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