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, 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.
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