SOURCE: W. P. Carey & Co. LLC

W. P. Carey & Co. LLC

February 03, 2011 08:30 ET

W. P. Carey Announces Election of Jean Hoysradt to Independent Investment Committee

NEW YORK, NY--(Marketwire - February 3, 2011) - Investment firm W. P. Carey & Co. LLC (NYSE: WPC) has announced that Jean Hoysradt has been appointed a director of Carey Asset Management Corp., the Company's affiliate responsible for advising the firm's Corporate Property Associates (CPA®) series of publicly held, non-traded real estate investment trusts, and its Investment Committee. The independent Investment Committee reviews and approves the investments made by the CPA® REITs, investments that help further the growth of creditworthy companies worldwide. The Investment Committee is not directly involved in originating or negotiating potential investments but instead functions as a separate and final step in the investment process.

Jean Hoysradt is the Chief Investment officer of Mousse Partners Limited, an investment office based in New York. Prior to Mousse, she served as Senior Vice President and head of Securities Investment and Treasury at New York Life Insurance Company. Ms. Hoysradt previously held positions of increasing responsibility at AXA (The Equitable Life Assurance Society), Credit Suisse (The First Boston Corporation) and JP Morgan (Manufacturers Hanover Trust Company), where she was involved with a variety of investment management and transaction related areas. A graduate of Duke University, Ms. Hoysradt also holds an MBA from the Columbia University School of Business. She is a member of the Duke University Management Company ("DUMAC") Board of Directors and the DUMAC Audit Committee.

Commenting on the election of Ms. Hoysradt, W. P. Carey's Chairman Wm. Polk Carey noted, "For nearly four decades, rather than relying on rating agencies to evaluate proposed investments, our funds have been served by a team of individuals with extensive investment experience providing the perspective to evaluate proposed transactions in the context of cyclical markets. The credit-based analytical approach the Investment Committee applies to risk management has served us well and the performance of our CPA® programs over the long-term is a testament to this process. Jean makes a wonderful addition to this team."

Trevor Bond, W. P. Carey President and CEO, added, "Jean's skills and experience, which include the origination and structuring of real estate-backed transactions, make her an ideal addition to the Investment Committee. Combined with her broader investment and portfolio management skills, her real estate expertise will further strengthen our investment process."

The other members of the Investment Committee include:
Nathaniel S. Coolidge, Chairman of the Investment Committee and former Senior Vice President of the John Hancock Mutual Life Insurance Company and head of the Bond and Corporate Finance Department.
Axel K.A. Hansing, Senior Partner at Coller Capital, Ltd., a global leader in the private equity secondary market, and is responsible for investment activity in parts of Europe, Turkey and South Africa.
Frank J. Hoenemeyer, former Vice Chairman and Chief Investment Officer of the Prudential Insurance Company of America. 
Dr. Lawrence R. Klein, Benjamin Franklin Professor of Economics and Finance, Emeritus, at the University of Pennsylvania and its Wharton School, who was in 1980 awarded the Alfred Nobel Memorial Prize in Economic Sciences.
Dr. Karsten von Köller, chairman of Lone Star Germany GMBH, a US private equity firm, Chairman of the Supervisory Board of Düsseldorfer Hypothekenbank AG and Vice Chairman of the Supervisory Boards of IKB Deutsche Industriebank AG , Corealcredit Bank AG and MHB Bank AG. 
Dr. Richard C. Marston, James R. F. Guy Professor of Finance, Professor of Economics and Director of the Weiss Center for International Financial Research at the Wharton School at the University of Pennsylvania. He is also a Research Associate at the National Bureau of Economic Research and has served as a Research Fellow at the Brookings Institution.
Nick J.M. van Ommen, former Chief Executive Officer of the European Public Real Estate Association (EPRA), currently serves on the boards of Babis Vovos International Construction SA, a listed real estate company in Greece, Intervest Retail and Intervest Offices, listed real estate companies in Belgium, and IMMOFINANZ, listed real estate company in Austria.

W. P. Carey & Co. LLC
W. P. Carey & Co. LLC (NYSE: WPC) is an investment management company that provides long term sale leaseback and build to suit financing for companies worldwide and manages a global investment portfolio of approximately $10 billion. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of income-generating, non-traded REITs help companies and private equity firms unlock capital tied up in real estate assets. The W. P. Carey Group's investments are highly diversified, comprising contractual agreements with approximately 275 long-term corporate obligors spanning 28 industries and 17 countries.

This press release contains forward-looking statements within the meaning of the Federal securities laws. A number of factors could cause the Company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the Company, reference is made to the Company's filings with the Securities and Exchange Commission.

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    W. P. Carey & Co. LLC
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    Guy Lawrence
    Ross & Lawrence
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