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

W. P. Carey Inc.

, 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

, was approximately $33 million. Financing of $19.5 million was provided through a mortgage with Wells Fargo.