| | |
| Company type | Public company |
|---|---|
| Industry | Real estate investment trust |
| Founded | 1973 |
| Founder | William P. Carey |
| Headquarters | |
Key people | Christopher J. Niehaus (Chairman) Jason E. Fox (CEO) ToniAnn Sanzone (CFO) |
| Revenue | |
| Total assets | |
| Total equity | |
Number of employees | 203 (2024) |
| Website | wpcarey |
| Footnotes /references [1] | |
W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. [1] The company is organized in Maryland, with its primary office in New York City. [1]
As of December 31, 2024, the company owned 1,555 properties in 26 countries leased to 355 tenants. Approximately 61% of the company's revenue is derived in United States and 33% in Europe. [1]
The company was founded in 1973 by William P. Carey. [2] [3]
In the early 1980s, the company was innovative in the use of leaseback transactions to acquire properties. [2]
In 2012, company founder William P. Carey died. [2] The company also merged with its non-traded real estate investment trust affiliate, Corporate Property Associates 15, and reorganized into a real estate investment trust. [4] [5]
In October 2018, the company merged with CPA:17 - Global. [6] [7]
In November 2023, the company completed the corporate spin-off of its office properties. [8] [9]