Market Overview

WP Carey Announces $33M Purchase of Four Texas Self Storage Properties

Share:
Related WPC
Benzinga's Top Downgrades
CPA:18 - Global Completes First Half 2015 Self-Storage Investments Totaling $161M
The Sky Keeps Falling: Are Dividend Growth Investors Buying A Value Trap? (Seeking Alpha)

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 four self storage facilities in western Texas. The properties comprise a total of 361,490 square feet and are located in Midland and Odessa. The total purchase price of the properties, which will be managed by CubeSmart (NYSE: CUBE), was approximately $33 million. Financing of $19.5 million was provided through a mortgage with Wells Fargo.

Posted-In: News M&A

 

Related Articles (WPC + CUBE)

Get Benzinga's Newsletters