Seeking Alpha

W.P. Carey closes $110M sale-leaseback deal

  • W.P. Carey (WPC) lands another sale-leaseback deal with two of its non-traded REIT affiliates purchasing the State Farm Operation center in Austin. The price was about $110M and the lease to State Farm has an initial term of 15 years.
  • The facility is about 450K square feet located in a master-planned corporate park 10 miles northwest of downtown Austin. It's been Sate Farm's operation center since 1994.
  • Press release.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs