REITs M&A » By The Online Investor Staff, updated Thu., Apr. 25, 6:53 AM
Recent mergers and acquisitions in the REITs M&A category.
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Slide #40. W. P. Carey Inc. — Tommy Hilfiger European Distribution Center
Acquirer:
W. P. Carey Inc. (NYSE:WPC)
Acquiree:
Tommy Hilfiger European Distribution Center
Details:
W. P. Carey Inc. (NYSE: WPC), a real estate investment trust ("REIT") specializing in corporate sale leaseback financing, build-to-suit construction financing, and the acquisition of single-tenant net-lease properties, announced today that it has acquired the main European distribution center of the Tommy Hilfiger Group from its current landlord, Aspen Real Estate Investments BV.
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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Avg. Broker Rec.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: WPC Stock Forecast Based on Zacks ABR data; powered by Xignite |
