WP Carey Inks $92M Deal For 2 Industrial Sites

Law360, New York (February 6, 2014, 3:34 PM EST) -- Real estate investment trust W. P. Carey Inc. has acquired two industrial assets on behalf of one of its non-traded affiliates for a total of $92 million, the REIT announced Wednesday.

W. P. Carey purchased a Solo Cup Co. distribution facility outside Chicago and an Air Enterprises manufacturing and warehouse facility near Cleveland on behalf of Corporate Property Associates 18 – Global Inc., an affiliated REIT.

“The two transactions ... demonstrate how W. P. Carey can tailor transactions that enable private companies and institutional real estate...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.