Another sale-leaseback deal for W.P. Carey

|About: W.P. Carey, Inc. (WPC)|By:, SA News Editor

WPC acquires a Toyota auto dealership facility in Lewisville, Texas for about $15M. The property will be leased back to RML Automotive on a triple-net basis for 16 years. The sale-leaseback allows financing for RML's purchase of the dealership business.