Market Overview

WP Carey Buys Three Florida Self-Storage Properties for $25M

Related WPC
5 Key Takeaways: W.P. Carey CEO Trevor Bond - Citi Conference
Wells Fargo Initiates W. P. Carey At Market Perform

W. P. Carey Inc. (NYSE: WPC), a real estate investment trust ("REIT"), announced today that CPA(R):17 - Global, one of its publicly-held non-traded REIT affiliates, has acquired three self storage facilities from Safeguard Self Storage. The properties comprise a total of 225,569 square feet and are located in Tampa, St. Petersburg and Palm Harbor, Florida. The properties will be managed by Extra Space Storage Inc. (NYSE: EXR). The total purchase price was approximately $25 million.

Posted-In: News M&A


Related Articles (EXR + WPC)

Around the Web, We're Loving...

Get Benzinga's Newsletters