W. P. Carey Announces First Transaction in Japan

Wed Dec 12, 2012 4:30pm EST

* Reuters is not responsible for the content in this press release.

  NEW YORK, NY, Dec 12 (Marketwire) -- 
W. P. Carey Inc. (NYSE: WPC), a real estate investment trust ("REIT"),
announced today that CPA(R):17 - Global, one of its publicly held
non-traded REIT affiliates, and a subsidiary of W. P. Carey have acquired
a warehouse and distribution center as well as the 32 acres of land under
the two adjacent buildings and the surrounding site that comprise a
document/media storage campus located in Saitama Prefecture, Japan. The
two facilities acquired are leased to Wanbishi Archives Co., Ltd.
("Wanbishi"). The purchase price for the land and two buildings was
approximately $55 million. Financing was provided through a mortgage with
Mitsubishi UFJ Lease & Finance. Wanbishi is the largest
information/document management company in Japan. 

    The facilities and land acquired are part of the Wanbishi Kanto No. 5
document/media storage campus located in the Osato District, Saitama
Prefecture. The site is approximately 50 miles north of Tokyo, located
along the Kanetsu Expressway, the main expressway to Tokyo. The facility
is strategically located at a distance from central Tokyo, providing
protection of information assets of clients with offices in Tokyo. The
campus, which is the second largest information center Wanbishi operates,
serves financial services firms and government agencies. 

    W. P. Carey President and CEO Trevor Bond commented, "The transaction
with Wanbishi allows us to expand our global footprint into Japan while
adhering to our established investment parameters. The critical factor
for us, when investing in any country, is to identify and secure
attractive investments that incorporate the longer term, risk-adjusted
income-generating characteristics of our investments in other parts of
the world while increasing the overall diversity of our global portfolio.
Given Wanbishi's operating history and position in the growing Japanese
information asset management business, the company's profile is
consistent with the type of credit worthy tenant that W. P. Carey has
traditionally sought out, both domestically and in international markets."

    Commenting on the acquisition, W. P. Carey Managing Director and Head of
Asian Investments Grace Shui noted, "Our strategy in Asia has been based
on forming relationships with established companies with whom we can
align ourselves to secure solid opportunities for our investors. The
acquisition of the Wanbishi assets and land encompassed by the Kanto
Center 5 supports our goal of acquiring critical operating assets leased
to solid companies."

    W. P. Carey Inc.
 W. P. Carey Inc. is a publicly traded REIT (NYSE: WPC)
that provides long-term sale-leaseback and build-to-suit financing for
companies worldwide and manages an investment portfolio of approximately
$12.7 billion. W. P. Carey Inc. is the successor to W. P. Carey & Co.
LLC, which had its origins in 1973. The largest owner/manager of net
lease assets, our corporate finance focused credit and real estate
underwriting process is a constant that has been successfully leveraged
across a wide variety of industries and property types. Our portfolio of
long-term leases with creditworthy tenants has an established history of
generating stable cash flows that have enabled us to deliver consistent
and rising dividend income to investors for nearly four decades.
www.wpcarey.com 

Wanbishi
 Wanbishi, established in 1966, is a market
leader in information asset management and support services in Japan,
including storage of paper documents and digital data, data destruction
and recycling, consulting, and outsourcing of document management and
disaster recovery, among other information management services. Wanbishi
provides various information asset management solutions to approximately
4,000 customers in Japan, mainly large enterprises such as financial
firms and government offices. Wanbishi is 100% subsidiary of Toyota
Industries Corporation (TYO;6201) 

    This press release contains forward-looking statements within the meaning
of the Federal securities laws. A number of factors could cause the
Company's actual results, performance or achievement to differ materially
from those anticipated. Among those risks, trends and uncertainties are
the general economic climate; the supply of and demand for office and
industrial properties; interest rate levels; the availability of
financing; and other risks associated with the acquisition and ownership
of properties, including risks that the tenants will not pay rent, or
that costs may be greater than anticipated. For further information on
factors that could impact the Company, reference is made to the Company's
filings with the Securities and Exchange Commission. 

    

COMPANY CONTACT
Cheryl Sanclemente 
W. P. Carey Inc. 
212-492-8995
csanclemente@wpcarey.com

PRESS CONTACT:
Guy Lawrence
Ross & Lawrence
212-308-3333
gblawrence@rosslawpr.com 

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