W. P. Carey Announces $1.8 Billion Global Investment Volume in 2013
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To access video case studies on select transactions, property photos and other multimedia assets associated with this release, please click: http://www.multivu.com/mnr/65053-w-p-carey-announces-global-investment-volume-in-2013
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Key Facts - 2013
- Total 2013 investment volume: Approximately
$1.8 billion , including €350 million ($460 million ) inEurope . - Types of assets acquired: Office, Retail, Manufacturing, R&D, Hotels, Self Storage
- Industries: Equipment Manufacturing, Retail, Food, Technology, Entertainment, Insurance, Education, Telecommunications, Automotive, Electronics, Engineering & Construction, Banking
- Countries:
United States ,United Kingdom ,Finland ,Netherlands ,Poland ,Croatia ,Germany ,India - Tenants include: Kraft Foods, tw telecom,
Tommy Hilfiger , Cargotec, Avnet,State Farm , H&M, KBR, Banco Santander, the Department of State for Communities and Local Government (a department of theUK Government), Agrokor, Royal FrieslandCampina
Overview
During 2013,
Quote
"Within our managed REITs, in addition to traditional net-lease assets, we have continued to opportunistically invest in both the self storage and hotel sectors where we see the ability to grow income and create value through the application of the in-depth financial and management expertise we have developed in these sectors."
Highlights
Sale-Leaseback Transactions:
Headquarters Facility –
In January,
Corporate Operation Facility –
In August, CPA®:17 – Global and CPA®:18 – Global acquired a
Automotive Dealership –
In August, CPA®:17 – Global acquired a Toyota automotive dealership facility in
Build-to-Suit Transactions:
Distribution Facility –
In April, CPA®:17 – Global provided funding for a build-to-suit construction project of approximately one million square feet to expand an existing distribution facility located in
Corporate Office Facility –
In December,
Net-Lease Asset Acquisitions:
R&D Facility –
In July, CPA®:17 – Global acquired the new
Distribution Center –
In July, CPA®:17 – Global acquired a 900,000 square foot distribution center from an institutional investment fund managed by
Corporate Office Facility –
In October, W. P. Carey Inc. acquired a 161,000 square foot Class A office building from a local
Self Storage
During 2013, CPA®:17 – Global completed eight self storage transactions encompassing 13 different self storage properties in five states with total acquisition cost of approximately
Hotels
In 2013
Joint Venture –
In July, CWI made a joint venture investment with
Acquisition – Center City/Convention/Meeting Hotel –
In December, CWI acquired the 553-room
This press release contains forward-looking statements within the meaning of the Federal securities laws. The statements of
Company contact:
212-492-8995
[email protected]
Press contact:
212-308-3333
[email protected]
To access video case studies on select transactions, property photos and other multimedia assets associated with this release, please click: http://www.multivu.com/mnr/65053-w-p-carey-announces-global-investment-volume-in-2013
SOURCE
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