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W.P. Carey CEO Jason Fox says the deal will allow it to focus on net lease investing.

NEW YORK CITY–Net lease REIT W.P. Carey and Corporate Property Associates 17 – Global Incorporated (CPA:17 – Global) announced they have entered into a definitive merger agreement. The deal between the two related parties — W.P. Carey is CPA:17’s advisor — is valued at $6 billion and has been approved by a special committee of CPA:17 – Global’s independent directors.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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