Market Overview

WP Carey Announces First Japanese Transaction

Share:
Related WPC
Carey Watermark Investors and Carey Watermark Investors 2 Purchase The Ritz-Carlton Key Biscayne, Miami Property in Joint Venture
Key Takeaways From The WP Carey Q1 Earnings & Conference Call
W. P. Carey's CPA: 18 - Global Buys $105M Retail Property - Analyst Blog (Zacks)

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, and a subsidiary of W. P. Carey have acquired a warehouse and distribution center as well as the 32 acres of land under the two adjacent buildings and the surrounding site that comprise a document/media storage campus located in Saitama Prefecture, Japan. The two facilities acquired are leased to Wanbishi Archives Co., Ltd. ("Wanbishi"). The purchase price for the land and two buildings was approximately $55 million. Financing was provided through a mortgage with Mitsubishi UFJ Lease & Finance. Wanbishi is the largest information/document management company in Japan.

Posted-In: News

 

Related Articles (WPC)

Around the Web, We're Loving...