LEWISVILLE, TX-WP Carey, through its CPA17-Global REIT, hasengineered a sales-leaseback transaction for the 74,000-square-footToyota of Lewisville. Specifically, the New York City-basedfinancier closed the $15 million deal with sellers Rene Isip andJohn Eagle, then struck a sale-leaseback agreement withRLJ-McLarty-Landers Automotive Holdings LLC (RML Automotive) ofLittle Rock, AR.

The facility at 1547 S. Stemmons Fwy. (Interstate 35) is beingleased back to RML Automotive on a triple-net basis for a 16-yearterm. The transaction also provided financing for RML's acquisitionof the dealership business. It also follows an initial automotivedealership sale-leaseback financing completed with RML in September2012 as part of W P Carey's strategic partnership with CapRocqAutomotive LLC.

W. P. Carey Managing Director and Co-Head of Global InvestmentsJason Fox commented, "We view this follow-on transaction with RMLas another opportunity to achieve strong risk-adjusted returns froman established dealer with a history of steady cash flows thatsupports our strategy of securing stable income producing assets onbehalf of CPA17-Global's investors," says Jason Fox, WP Careymanaging director and co-head. "We are delighted to be building onour relationship with RML through the completion of thisacquisition."

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