W.P. Carey

W.P. Carey Spends $111M on Sale-Leasebacks

The net-lease REIT closed on three deals for industrial properties in the U.S. and Canada.

W.P. Carey, Extra Space Storage Strike Net-Lease Deal

The transaction covers agreements for 36 self storage properties, most of which W.P. Carey acquired in its merger with CPA:17 last year.

Gino Sabatini

W.P. Carey Invests $75M in Food Production Facility

Cambridge Holdings will develop a 290,000-square-foot, build-to-suit property for Cuisine Solutions in San Antonio, scheduled for delivery in 2020.

301 Center

Top 10 Office Transactions in the Southern US

More than 30 assets totaling 4.7 million square feet changed hands this year for an average of $131 per square foot. Investment activity was concentrated in Nashville, while Birmingham continues its descending trend.

W.P. Carey Buys $178M Netherlands Retail Portfolio

The 36 assets total 1.5 million square feet and are triple-net leased to the Dutch DIY company Intergamma B.V. for an average of 15 years.

Arvi Luoma, head of European investments, W.P. Carey

W.P. Carey Buys Logistics Portfolio in Denmark for $188M

The firm’s first investment in the country expands its Nordic portfolio to nearly $1 billion in properties, including assets in Finland, Sweden and Norway.

Harbor Freight Adds 1 MSF to SC Hub

Already the region’s largest employer, the retailer intends to double its workforce. With this expansion, Harbor’s total investment in South Carolina will exceed $200 million.

W.P. Carey Appoints New CEO

Mark DeCesaris will retire as CEO in December. Current President Jason Fox, who has been with the company for 15 years, will take over the role.

Non-Traded REITs: Go Mainstream or Die

Fundraising for the sector fell in 2016 due to the combination of impending regulatory changes and lackluster performance, notes Yardi Matrix Associate Director of Research Paul Fiorilla. The sector must continue to lower fees and improve liquidity to attract new investors.