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Slide #11. W. P. Carey — Corporate Property Associates 16
Acquirer:
W. P. Carey (NYSE:WPC)
Acquiree:
Corporate Property Associates 16
Details:
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 real estate investment trust. Co.is an owner of commercial real estate, net leased to companies located primarily in the U.S. and Northern and Western Europe on a long-term basis. Co.'s real estate portfolio is comprised primarily of single-tenant industrial, warehouse, office, retail, and self-storage facilities. Co.'s business operates in two segments: Real Estate, which invests primarily in commercial properties that are leased to companies on a triple-net lease basis; and Investment Management, which manages the real estate investment portfolio for Carey European Student Housing Fund I, L.P.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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