SOURCE: W. P. Carey & Co. LLC

October 10, 2005 13:15 ET

W. P. Carey Provides Acquisition Financing to the Compass Group International LLC

NEW YORK, NY -- (MARKET WIRE) -- October 10, 2005 -- Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it provided The Compass Group International LLC, a Westport, CT and Laguna Hills, CA-based private equity firm, financing to complete its acquisition of Advanced Circuits, Inc., a manufacturer of low-volume, quick-turn and prototype printed circuit boards.

W. P. Carey, on behalf of its affiliated income generating real estate fund, Corporate Property Associates 16 - Global (CPA®:16 - Global), acquired Advanced Circuits' manufacturing and office facility, located in Aurora, CO, for $5.3 million. The Compass Group used proceeds from this sale-leaseback to complete its acquisition of Advanced Circuits.

Anne Coolidge Taylor, a Managing Director at W. P. Carey, said, "Our sale-leaseback of Advanced Circuits' Colorado facility occurred simultaneously with The Compass Group's acquisition of Advanced Circuits. The transaction highlights how private equity firms can utilize sale-leaseback financing to build their portfolio of companies and effectively convert these real estate assets into capital to complete their acquisitions."

Elias Sabo, a Partner at The Compass Group, said, "We enjoyed working with W. P. Carey to complete this transaction and look forward to working with them further. We are excited about Advanced Circuits' prospects and the sale-leaseback financing facilitated by W. P. Carey was a key component of our ability to complete the transaction in a timely manner."

THE COMPASS GROUP

The Compass Group is a private investment firm focused on middle market business service, manufacturing and distribution companies, providing funding for pursuit of growth opportunities, ownership changes and recapitalizations. Compass' equity pool of capital is in excess of $350 million. Compass acquires interests in a broad range of industries, with a preferred transaction size of $20 million to $150 million in value. www.compassequity.com

W. P. CAREY & CO. LLC

Founded in 1973, W. P. Carey & Co. LLC specializes in helping companies and private equity firms realize the capital tied up in their real estate assets. Whether used for buyouts, add-on acquisitions, recapitalizations or growth, net lease financing provides access to 100% of the real estate's value enabling companies to maintain complete operational control. Acting as principals in transactions from $5 million to $500 million, W. P. Carey and its affiliates have committed approximately $3 billion over the last three years and now manage more than $7.4 billion in assets. www.wpcarey.com/finance

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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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