{"id":1003845948,"date":"2008-09-04T12:00:00","date_gmt":"2008-09-04T20:00:00","guid":{"rendered":"https:\/\/64.70.41.235\/2008\/09\/04\/w-p-carey-in-28m-sale-leaseback\/"},"modified":"2022-12-04T01:55:22","modified_gmt":"2022-12-04T09:55:22","slug":"w-p-carey-in-28m-sale-leaseback","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-in-28m-sale-leaseback\/","title":{"rendered":"W.P. Carey in $28M Sale-Leaseback"},"content":{"rendered":"

W.P. Carey Group’s publicly traded CPA:17 Global REIT has completed a $28 million sale-leaseback deal with wireless communications firm Sabre Industries on two industrial properties located in Alvarado, Texas and Bossier City, La. Sabre will use the capital from the sale to invest in their infrastructure on the properties, which primarily will deal with wireless technology, including the construction of new towers and shelters. The infusion of cash will allow Sabre to remain competitive in the wireless communications marketplace, which has experienced a rapid growth in demand in the 21st century. Sabre is owned by private equity fund Corinthian Group and employs approximately 950 workers. Sabre Industries\u2019s customers include Verizon, T-Mobile, Pacificorp and Alliant Energy. W.P. Carey and Sabre were able to make this deal due to a number of factors. Primarily, W.P. Carey was interested in working with a firm in an emerging industry. “Wireless communications as well as power distribution and transmission are vibrant, growing industries. Sabre, given its market leadership as a provider to both sectors, is well positioned to capitalize on their continuing growth,” Chad Edmonson, Director of W. P. Carey & Co., indicated in a release. Additionally, Sabre agreed to the deal due to W.P. Carey\u2019s resources and track record in such agreements. Corinthian\u2019s senior managing partner, C. Kenneth Clay, added in the release, \u201cW. P. Carey provided Sabre with a high certainty of close, which was especially meaningful given the present challenging market conditions for real estate financings.” W.P. Carey specializes in such sale-leaseback agreements with companies, allowing their partners to invest with cash infusions while assuming ownership of their properties. The firm manages a global portfolio worth approximately $10 billion. CPN recently reported that the firm closed on a $58 million sale-leaseback in Germany with automotive supplier Wagon Pic.<\/p>\n","protected":false},"excerpt":{"rendered":"

W.P. Carey Group’s publicly traded CPA:17 Global REIT has completed a $28 million sale-leaseback deal with wireless communications firm Sabre Industries on two industrial properties located in Alvarado, Texas and Bossier City, La. Sabre will use the capital from the sale to invest in their infrastructure on the properties, which primarily will deal with wireless…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1003845948","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nW.P. Carey in $28M Sale-Leaseback - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-in-28m-sale-leaseback\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"W.P. Carey in $28M Sale-Leaseback\" \/>\n<meta property=\"og:description\" content=\"W.P. Carey Group’s publicly traded CPA:17 Global REIT has completed a $28 million sale-leaseback deal with wireless communications firm Sabre Industries on two industrial properties located in Alvarado, Texas and Bossier City, La. 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