Seeking Alpha

W.P. Carey acquires 3 properties for $28M

  • The result of two deals, the three properties were purchased for W.P. Carey's (WPC) CPA:17, one of the company's managed REITs.
  • The biggest piece of the purchase is a 143,750 square foot Raytheon office building near Tucson for about $20M.
  • Managing Director Gino Sabatini: "These two transactions illustrate our ability to tailor the deals we structure to both large publicly held corporations and private enterprises while maintaining our strategy of generating stable, long-term cash flow for our investors."
  • Source: Press Release
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