W.P. Carey reports record year in 2002.(W.P. Carey & Co. completed more than $1 billion in transactions)(Brief Article)

Real Estate Weekly | January 15, 2003 | Copyright

Investment firm W. P. Carey & Co. LLC and its affiliated publicly held non-traded real estate investment trusts (REITs) announced a record year of acquisitions in 2002. The company completed more than $1 billion in transactions with 25 companies as compared to $395 million in transactions with 20 companies in 2001.

Gordon F. DuGan, co-CEO and president of W. P. Carey, said, "In 2002, perhaps more than ever before, companies came to realize the benefits of sale-leaseback financing-an alternative source of financing that effectively turns a company's bricks and mortar ...

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