CHICAGO—CPA®:18 – Global, one of the managednon-traded REITs of W. P. Carey Inc., has justpurchased the utility Exelon Generation's regionalheadquarters in suburban Warrenville for $34.8 million from theNorthwestern Mutual Life Insurance Co. Thefive-story facility at 4300 Winfield Rd. is triple-net leased on along-term basis and REIT officials say it will provide a steadyflow of cash for years to come.

“For W. P. Carey and our managed funds we are looking togenerate income over the long term,” GinoSabatini, managing director and head of net leaseinvestments for the New York-based W. P. Carey, tells Globe“Utilities are long term businesses and as such are an ideal fitfor our long-term investment strategy.”

The strength of this particular tenant was a big draw.S&P rates Exelon Generation, a wholly-ownedsubsidiary of Exelon Corp. as BBB whileMoody's has it at Baa2. Parent company ExelonCorp. is rated BBB and Baa1 and has a market capitalization of $28billion.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.