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

W. P. Carey Inc. 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. EXR. The total purchase price was approximately $25 million.