W. P. Carey
W. P. Carey Inc. (NYSE: WPC) is a leading global net-lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. At September 30, 2015, the company had an enterprise value of approximately $10.4 billion. In addition to its owned portfolio of diversified global real estate, W. P. Carey manages a series of non-traded publicly registered investment programs with assets under management of approximately $10.5 billion. Its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising dividend income to investors for over four decades.[1]
In 2009, the company bought 21 floors of the 52-story New York Times Building on Eighth Avenue in Manhattan for $225 million under a sale-and-leaseback arrangement in which the newspaper's publisher agreed to lease space in the building for up to 15 years, while retaining the right to buy the building back in 2019 for a price of $250 million.[2]
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Hui-yong Yu and Greg Bensinger, New York Times Sells Building Stake for $225 Million, Bloomberg News, March 9, 2009
External links
<templatestyles src="Asbox/styles.css"></templatestyles>
  |
This article about a financial services corporation of the United States is a stub. You can help Wikipedia by expanding it. |
