W. P. Carey & Co. LLC

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W. P. Carey & Co. LLC - overview

Location

New York, NY, US

Primary Industry

Real Estate Development & Operating Companies

About

W. P. Carey & Co. LLC is a prominent real estate investment trust (REIT) that specializes in diversified net lease properties, primarily focusing on single-tenant facilities across North America and Europe.


W. P. Carey & Co. LLC operates as a diversified real estate investment trust that acquires and manages net lease properties.


Founded in New York, US, by Andrew Stevens, Khanh Ngoc, Nguyen Lan, Robert Rushing, and William Russ, the firm has a comprehensive history in real estate, evolving its approach to include sale-leaseback transactions and build-to-suit developments. Currently, the company is led by CEO Heckmann Wolfgang and Jason Fox, along with Kamil Otta and William Russ. W. P.


Carey specializes in diversified net lease real estate investment trusts (REITs), focusing on operationally critical, single-tenant properties primarily in North America and Europe. Their core offerings include acquisition and management of properties through sale-leasebacks, build-to-suit developments, and the purchase of existing net leases. By forming long-term partnerships with tenants, W. P.


Carey addresses the unique financial and operational needs of its clients, allowing them to convert owned real estate into capital, thus ensuring continued operational control. The company's client base encompasses publicly traded and privately-held corporations, developers, and private equity firms, seeking solutions for financial flexibility and portfolio growth. Geographically, W. P.


Carey operates in key markets across North America and Europe, leveraging its extensive experience and capital access to deliver tailored real estate solutions. W. P. Carey generates revenue through various structured transactions, primarily involving long-term lease agreements and investment partnerships.


The revenue model includes capitalizing on sale-leasebacks, where clients sell their properties to W. P. Carey while retaining operational control through leaseback arrangements. This structure allows clients to access immediate capital for growth without relinquishing ownership of critical assets.


Additionally, build-to-suit projects further contribute to revenue by providing clients with custom facilities designed to their specifications, without upfront capital expenditures. The firm's revenue is significantly derived from the rental income generated through these agreements, underpinned by the firm's extensive portfolio of 178 million square feet of corporate assets, which serves a diverse range of industries and tenant profiles. W. P.


Carey is strategically focused on expanding its portfolio by enhancing its acquisition efforts in operationally critical segments across North America and Europe. The company is exploring opportunities for new property types tailored to evolving market needs. Recent investments will be utilized to strengthen their capital base, allowing for increased flexibility in property acquisitions and developments.


Primary Industry

Real Estate Development & Operating Companies

Sub Industries

Commercial Property, Real Estate Development & Operating Companies

Website

www.wpcarey.com

Total Amount Raised

Subscriber access only

W. P. Carey & Co. LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedSørco Group-
Add-on, Trade SaleCompletedPrimos Hunting-
BuyoutCompletedPrimos Hunting-

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