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

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

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."