SOURCE: W. P. Carey & Co. LLC

June 30, 2005 12:00 ET

W. P. Carey & Co. to Release Second Quarter 2005 Financial Results on Tuesday, August 2nd

Conference Call and Audio Webcast Scheduled for 11:00 AM (EDT)

NEW YORK, NY -- (MARKET WIRE) -- June 30, 2005 -- Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it will release its financial results for the second quarter 2005 prior to market-open on Tuesday, August 2, 2005. The financial results will be released via direct fax, electronic mail, W. P. Carey's corporate website and all major wire services.

Date:             Tuesday, August 2, 2005

Start Time:       11:00 AM (EDT)

Call-in Number:   1-800-946-0786   (International) 719-457-2662

Please call at least 10 minutes prior to call to register.

Replay Number:    1-888-203-1112   (International) 719-457-0820

Access code:      5787456

Webcast:          www.wpcarey.com

Speakers:         Chairman Wm. Polk Carey, Chief Executive Officer &
                  President Gordon F. DuGan, Acting Chief Financial
                  Officer Claude Fernandez and Chief Operating Officer
                  Thomas E. Zacharias.

Format:           Discussion of second quarter 2005 financial results
                  followed by Q&A.
Founded in 1973, W. P. Carey & Co. is a leading global investment firm that has long served as the pre-eminent provider of sale-leaseback financing to corporations and private equity firms in the United States and Europe. It owns a portfolio of net-leased real estate assets and provides asset management services to the Corporate Property Associates (CPA®) series of income-generating real estate investment funds. The Company currently owns or manages over 650 commercial and industrial properties worldwide, representing approximately 90 million square feet and valued at more than $7 billion.

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