SOURCE: W. P. Carey & Co. LLC

W. P. Carey & Co. LLC

January 12, 2011 08:00 ET

W. P. Carey Completes $580 Million in Transactions in Fourth Quarter

Total 2010 Investment Volume Exceeds $1 Billion

NEW YORK, NY--(Marketwire - January 12, 2011) - Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it completed $580 million in investments in the fourth quarter of 2010, bringing total investment volume for the year to more than $1 billion. The transactions involved forty-seven facilities containing approximately five million square feet. The facilities were acquired both for its own portfolio and on behalf of its publicly-held, non-traded REIT affiliates, including CPA®:17 - Global Incorporated. 

The transactions completed during the fourth quarter consisted of both domestic and international investments. Tenants included U.S. automotive replacement parts supplier CARQUEST, Spanish cable TV operator Distribuidora de Television Digital S.A.U. (DTS), Croatian food retailer Agrokor, a U.S. subsidiary of global industrial gas producer Air Liquide Group and a U.S. private equity firm portfolio company in the cold storage industry. 

The more than $1 billion of investments completed in 2010 span six countries and include 100 properties totaling more than 10.2 million square feet with tenants in 14 different industries ranging from defense and banking to consumer products and food. Tenants of properties acquired earlier in the year include aerospace and defense manufacturer Curtiss-Wright, JPMorgan Chase, consumer products company Sun Products, and Eroski -- the third largest food and consumables retailer in Spain. 

The investments are consistent with W. P. Carey's long term strategy of acquiring diversified, mission critical assets of credit worthy companies, leased on a long-term basis, designed to provide current income and preservation of capital to W. P. Carey & Co. LLC and its CPA® series of income-generating, non-traded REITs. 

Commenting on the transactions, W. P. Carey President and CEO Trevor Bond noted, "Our investments for the year and during the fourth quarter are indicative of the range and diversity of opportunities we are able to access by virtue of our strong position in the industry and capabilities, both domestically and overseas. Although the recent strengthening in the financing markets has increased the competitive landscape, our global on-the-ground teams continue to successfully source and execute financings that provide a long term source of funding for borrowers and a solid investment for capital providers. With more than $1 billion in transactions completed within 2010, the year has been one of our most successful, and our acquisitions have added to the geographic and industry diversity of our portfolios."

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. http://www.wpcarey.com

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.

To arrange interviews with executives of W. P. Carey & Co. LLC, please contact Guy Lawrence at 212-308-3333 or gblawrence@rosslawpr.com

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