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Countries: United States, United Kingdom, Finland, Netherlands, Poland, Croatia, Germany, India
Tenants include: Kraft Foods, tw telecom, Tommy Hilfiger, Cargotec, Avnet, State Farm, H&M, KBR, Banco Santander, the Department of State for Communities and Local Government (a department of the UK Government), Agrokor, Royal FrieslandCampina
W. P. Carey applied its disciplined, opportunistic strategy to deploy capital both on behalf of its own portfolio as well as its managed REITs. In addition to the traditional sale-leaseback and build-to-suit transactions completed in 2013,
W. P. Carey also acquired real estate assets under pre-existing long-term net-leases that met its traditional investing criteria based on tenant credit-worthiness, asset quality and long-term criticality of the assets to the operations of the tenant. As a result,
W. P. Carey not only provided financing directly to tenant companies, but it was also able to provide liquidity to institutional owners, investors, and developers.
W. P. Carey also continued to secure investments in the self storage and hotel sectors through its managed REITs.
QuoteTrevor Bond, President and Chief Executive Officer, W. P. Carey Inc.: "As the net-lease investment universe has continued to expand, we have built on our existing strengths to support and evolve our investment strategy. As a result, we are able to access a broader scope of opportunities while still adhering to the basic criteria and objectives that have been our guideposts for more than 40 years.
"Within our managed REITs, in addition to traditional net-lease assets, we have continued to opportunistically invest in both the self storage and hotel sectors where we see the ability to grow income and create value through the application of the in-depth financial and management expertise we have developed in these sectors."