W. P. Carey To Combine With Nontraded REIT In $4B Deal

Law360, San Diego (July 25, 2013, 11:00 PM EDT) -- New York-based W. P. Carey Inc. said Thursday it plans to combine with its public, nontraded real estate investment trust affiliate, Corporate Property Associates 16 – Global Inc., in a deal it valued at about $4 billion.

W. P. Carey, a publicly traded REIT that provides long-term sale-leaseback financing for companies, said the combined portfolio will be made up of more than 700 properties with 86 million square feet of corporate real estate leased to 231 companies. After the merger, the company’s equity market capitalization is...
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