The $20-million component of the loan was completed by Carey for Corporate Property Associates 16--Global Inc., a member of the $7-billion, 31-year-old WP Carey Group of income generating, publicly held, non-traded real estate investment trusts.
"This transaction is another example of our continued efforts to offer creative financing solutions to companies seeking to utilize the capital invested in their real estate," says Gordon F. DuGan, president of WP Carey. He says BlueLinx distributes over 10,000 products to 11,700 customers through its network of 63 warehouses and third-party operated warehouses.
DuGan says WP Carey and its affiliates have committed over $2 billion in the last two years and now manage about $7 billion in assets.
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