W. P. Carey Closes Sale-Leaseback Financing With Kraft for Northfield, Illinois Campus

Thu Jan 31, 2013 8:00am EST

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

  NEW YORK, NY, Jan 31 (Marketwire) -- 
W. P. Carey Inc. (NYSE: WPC), a real estate investment trust ("REIT"),
announced today that it has completed a sale-leaseback with Kraft Foods
Group for its 70-acre corporate campus located in Northfield, Illinois.
The 679,000 square foot facility is home to Kraft's corporate
headquarters and will be leased to Kraft on a triple net basis. 

    W. P. Carey Managing Director and Co-Head of Global Investments, Jason
Fox noted, "We are pleased to have been selected to work with a company
like Kraft that is a leader in its industry and brings with it the
history of its established brands. We look forward to a long and mutually
beneficial relationship with them."

    "The sale-leaseback with W. P. Carey provided an opportunity for us to
maintain our presence in Northfield and reinvest resulting capital into
our business and people," said John Dattilo, Senior Manager, Corporate
Real Estate at Kraft. "We are pleased to partner with W. P. Carey, an
established sale-leaseback investor, and are looking forward to our
future in Northfield." 

    Kraft Foods Group
 Kraft Foods Group, Inc. (NASDAQ: KRFT) is North
America's fourth largest consumer packaged food and beverage company,
with revenues of approximately $19 billion in 2011. Launched as a public
and independent company on Oct. 1, 2012, the new Kraft has the spirit of
a startup and the soul of a powerhouse. The company has an unrivaled
portfolio of products in the beverages, cheese, refrigerated meals and
grocery categories. Its iconic brands include Kraft, Maxwell House, Oscar
Mayer, Planters and JELL-O. Kraft's 25,000 employees in the U.S. and
Canada have a passion for making the foods and beverages people love.
Kraft Foods Group is a member of the Standard & Poor's 500 index.

    W. P. Carey Inc.
 Celebrating its 40th anniversary, 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 owns and manages
an investment portfolio totaling approximately $14.1 billion. The largest
owner/manager of net lease assets, WPC's 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 the
Company to deliver consistent and rising dividend income to investors for
nearly four decades. www.wpcarey.com 

    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. 


Cheryl Sanclemente 
W. P. Carey Inc. 

Guy Lawrence
Ross & Lawrence

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