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Slide #11. W. P. Carey — Corporate Property Associates 16
W. P. Carey (NYSE:WPC)
Corporate Property Associates 16
W. P. Carey Inc. (NYSE: WPC) reported today that its merger with its publicly held, non-traded REIT affiliate, Corporate Property Associates 16 Global Incorporated ("CPA:16 Global"), closed on January 31, 2014. W. P. Carey issued approximately 30.7 million shares to CPA:16 Global stockholders, with an exchange rate of 0.1830 shares of W. P. Carey common stock for each CPA:16 Global share held at closing.
W. P. Carey is an internally-managed diversified real estate investment trust (REIT). Co.'s business segments are: Real Estate, in which Co. invests in commercial real estate properties, that are leased to companies on a triple-net lease basis; and Investment Management, in which Co. manages the portfolios of certain non-traded investment programs, non-traded REITs that have invested in lodging and lodging-related properties, and a private limited partnership formed for the purpose of developing, owning, and operating student housing properties and similar investments in Europe.
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Buy (2.89 out of 4)
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