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W.P. Carey CEO Jason Fox

NEW YORK CITY–W. P. Carey Inc. has completed its merger with one of its managed funds, Corporate Property Associates 17 – Global Incorporated, or CPA:17. The $5.9 billion transaction, which includes the assumption of debt, has increased the net lease REIT’s equity market capitalization to approximately $11 billion, positioning it as one of the largest net lease REITs and among the top 25 publicly-traded REITs in the MSCI US REIT Index.

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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