Jeffrey Lefleur, managing director at W.P. Carey, is an expert on the real estate investment market in Europe, having recently spearheaded several transactions in Eastern Europe. He discusses economic conditions on the continent, especially as regards the credit market, and describes how eastern Europe reflects or contrasts with the broader regional trends. He addresses the transactions that the firm has done in the region, and what those deals do to further W.P. Carey's strategy in European investing. He also discusses the ways in which the firm addresses the risk profile unique to Europe, including currency risk.