{"id":1004720695,"date":"2024-07-11T04:01:15","date_gmt":"2024-07-11T12:01:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004720695"},"modified":"2024-07-11T05:35:00","modified_gmt":"2024-07-11T13:35:00","slug":"w-p-carey-president-to-retire","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/","title":{"rendered":"W. P. Carey President to Retire"},"content":{"rendered":"
\n
\"John<\/a>
John Park was appointed president of W. P. Carey in 2018. Image courtesy of W. P. Carey<\/em><\/figcaption><\/figure><\/div>\n\n\n

W. P. Carey has announced that John Park is stepping down from his role as president of the company. The retirement will come into effect at the end of September this year.<\/p>\n\n\n\n

Park will serve as senior advisor to the net lease REIT through February 2025. The separate role of president will be eliminated and the title will be assumed by the company’s current CEO, Jason Fox.<\/p>\n\n\n\n

Park was appointed president of the company in 2018. Prior to that position, he has served as director of Strategy and Capital Markets.<\/p>\n\n\n\n

Park joined W. P. Carey as an investment analyst in 1987. Since then, he has led many significant deals for the company, including the consolidation and NYSE listing of CPA:1\u20139 as Carey Diversified LLC in 1998; its merger with W. P. Carey & Co. Inc. in 2000; W. P. Carey\u2019s merger with CPA:15 and REIT conversion in 2012, as well as the company\u2019s subsequent mergers with CPA:16, CPA:17 \u2013 Global and CPA:18 \u2013 Global, the last of which has made the company a top 25 REIT in market capitalization<\/a>.<\/p>\n\n\n\n

W. P. Carey\u2019s operations<\/h2>\n\n\n\n

W.P. Carey\u2019s portfolio includes 1,282 net lease properties covering some 168 million square feet and a portfolio of 89 self storage assets. The company continues to focus most of its operations on industrial and retail properties across the U.S. and Europe.<\/p>\n\n\n\n

Earlier this spring, W. P. Carey paid $94.1 million<\/a> for a 1.2 million-square-foot speculative industrial building in Commercial Point, Ohio. The company has also inked a 1.6 million-square-foot industrial lease<\/a> at 701 Central Ave. in a Chicago suburb. The deal was then considered the market’s largest transaction of its kind year-to-date.<\/p>\n\n\n\n

In September 2023, W. P. Carey announced that it will exit its position in office properties by spinning off part of its portfolio into a separate entity and selling the rest. The company had owned roughly 14.7 million square feet of office assets globally<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

John Park has been with the company for nearly 37 years. <\/p>\n","protected":false},"author":2829,"featured_media":1004720796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,16,23891,21742,21749],"tags":[36313],"class_list":["post-1004720695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-international","category-national","category-latest","category-retail","tag-w-p-carey"],"acf":[],"yoast_head":"\nW. P. Carey President to Retire - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"John Park is stepping down as president of W.P. Carey at the end of September 2024. CEO Jason Fox will assume the 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-president-to-retire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"W. P. Carey President to Retire\" \/>\n<meta property=\"og:description\" content=\"John Park is stepping down as president of W.P. Carey at the end of September 2024. CEO Jason Fox will assume the title.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-11T12:01:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-11T13:35:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/John-Park-edited-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"451\" \/>\n\t<meta property=\"og:image:height\" content=\"338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/\",\"name\":\"W. P. Carey President to Retire - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/John-Park-edited-featured.jpg\",\"datePublished\":\"2024-07-11T12:01:15+00:00\",\"dateModified\":\"2024-07-11T13:35:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"John Park is stepping down as president of W.P. Carey at the end of September 2024. CEO Jason Fox will assume the title.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/John-Park-edited-featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/John-Park-edited-featured.jpg\",\"width\":451,\"height\":338,\"caption\":\"John Park\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"W. P. Carey President to Retire\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\",\"name\":\"Madalina Pojoga\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"caption\":\"Madalina Pojoga\"},\"description\":\"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"W. P. Carey President to Retire - Commercial Property Executive","description":"John Park is stepping down as president of W.P. Carey at the end of September 2024. CEO Jason Fox will assume the title.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/","og_locale":"en_US","og_type":"article","og_title":"W. P. Carey President to Retire","og_description":"John Park is stepping down as president of W.P. Carey at the end of September 2024. CEO Jason Fox will assume the title.","og_url":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-07-11T12:01:15+00:00","article_modified_time":"2024-07-11T13:35:00+00:00","og_image":[{"width":451,"height":338,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/John-Park-edited-featured.jpg","type":"image\/jpeg"}],"author":"Madalina Pojoga","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/","url":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/","name":"W. P. Carey President to Retire - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/John-Park-edited-featured.jpg","datePublished":"2024-07-11T12:01:15+00:00","dateModified":"2024-07-11T13:35:00+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a"},"description":"John Park is stepping down as president of W.P. Carey at the end of September 2024. CEO Jason Fox will assume the title.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/John-Park-edited-featured.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/John-Park-edited-featured.jpg","width":451,"height":338,"caption":"John Park"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-president-to-retire\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"W. P. Carey President to Retire"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a","name":"Madalina Pojoga","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","caption":"Madalina Pojoga"},"description":"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.","url":"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/John-Park-edited-featured.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004720695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2829"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004720695"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004720695\/revisions"}],"predecessor-version":[{"id":1004720816,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004720695\/revisions\/1004720816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004720796"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004720695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004720695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004720695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}