wp carey inc (WPC) Key Developments
W. P. Carey Inc. Promotes Jennifer Lucas to Executive Director
Apr 17 14
W. P. Carey Inc. has promoted Jennifer Lucas to executive director. She joined the European investment team in 2005 and works across continental Europe and the UK.
W. P. Carey Inc. Closes $43 Million Acquisition of QBE Regional Headquarters Building
Apr 3 14
W. P. Carey Inc. announced that it has acquired a new Class-A office building located at 2700 Frye Road in Chandler, Arizona. The facility is leased to QBE Holdings (QBE) for 10 years and serves as its West Coast regional headquarters. The total acquisition price was approximately $43 million. Well located Class-A office building: The three-story, 183,000 square foot Class-A office building is located in one of the best performing Phoenix submarkets. The facility includes covered parking for over 1,000 vehicles, a large cafeteria, reflective windows and significant IT infrastructure.
W. P. Carey Inc. Announces Executive Appointments
Mar 26 14
W. P. Carey Inc. announced that Jean Hoysradt has been elected a director of the company. Since 2011, Ms. Hoysradt has served as a member of the Investment Committee of Carey Asset Management Corp., W. P. Carey's subsidiary responsible for advising the company and its Corporate Property Associates (CPA(R)) series of publicly held, non-traded real estate investment trusts on their investments. Ms. Hoysradt is Chief Investment Officer of Mousse Partners Limited. She is a member of Duke University Management Company's Board of Directors and Audit Committee. The company also announced that former Director Francis J. Carey, who retired from the Board in January, has been named as an Emeritus Director. Mr. Carey served W. P. Carey in the roles of Board member and senior officer since its founding in 1973.
W. P. Carey Inc. Declares Quarterly Cash Dividend, Payable on April 15, 2014
Mar 20 14
W. P. Carey Inc. reported that its Board of Directors had increased its quarterly cash dividend to $0.895 per share, which equates to an annualized rate of $3.58. Payable on April 15, 2014 to stockholders of record as of March 31, 2014.
W. P. Carey Completes $500 Million Notes Offering
Mar 17 14
W. P. Carey completed its offering of $500 million aggregate principal amount of its 4.60% senior notes due 2024. The company previously said it intends to use the net proceeds for working capital and general corporate purposes, including repayment of certain outstanding debt and making investments in the normal course of business.