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Article: W.P. Carey reports record year in 2002.(W.P. Carey & Co. completed more than $1 billion in transactions)(Brief Article)
- Article from:
- Real Estate Weekly
- Article date:
- January 15, 2003
CopyrightCOPYRIGHT 2003 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 into working capital while providing long-term financing for a long-term asset It remains a ...
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