W.P. Carey reports $119M of property investments

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

W.P Carey (NYSE:WPC) reports three investments totaling about $119M in triple-net leased properties with a weighted average lease term of about 20 years. Deals include:

$41M acquisition of a 550,000-square-foot distribution facility leased to Orgill in Kilgore, TX; WPC agrees to provide up to $14M for a 329,000-square-foot expansion.

$33M sale-leaseback of a six-property industrial portfolio with largest independent waste company in Illinois and Wisconsin.

$31M investment in distribution, warehouse and global headquarters facilities leased to Brake Parts Inc. in the Chicago area.

Previously: More on W.P. Carey Q3: AFFO benefits form acquisitions, rent escalations (Nov. 2)

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