W.P. Carey Inc was formed as a corporation under the laws of Maryland on February 15, 2012. The Company is a publicly traded real estate investment trust that provides long-term sale-leaseback and build-to-suit financing for companies. The Company operates under two primary reportable segments, Real Estate Ownership and Investment Management. In Real Estate Ownership segment, the Company own and invest in commercial properties in the U.S. and Europe that are then leased to companies. In Investment Management segment, the Company performs various services, including but not limited to the day-to-day management of the Managed REITs and transaction-related services. In Investment Management segment, it faces competition in raising funds for investment by the Managed REITs, from other funds with similar investment objectives that seek to raise funds from investors through publicly registered, non-traded funds, publicly-traded funds and private funds, such as hedge funds. The Company's operations are subject to various federal, state and local environmental laws and regulations.