Business & Finance
Business and Finance
Business and Finance
Tue, December 9, 2008
Mon, December 8, 2008 W. P. Carey & Co. LLC: W. P. Carey & Co. LLC Doubles Staffing of Broker-Dealer Affiliate's Sales Team and Appoints Trisha A. Mi
NEW YORK, NY--(Marketwire - December 8, 2008) - Investment firm W. P. Carey & Co. LLC (
Gordon DuGan, Chief Executive Officer and President of W. P. Carey, commented, "W. P. Carey's 35 year history and cycle-tested investment strategy ably position our Company in an environment where investors are looking for portfolio diversification within the context of defined risk parameters. We see significant investment opportunities in 2009. As capital remains scarce, we believe companies will increasingly look to alternative sources of financing, such as sale leaseback transactions, and we expect pricing to continue adjusting favorably for our investors. As a result, we are expanding our sales capability to help us raise added capital to meet this market opportunity."
Commenting on the staffing increases, Mr. Goldberg noted, "The appointment of two skilled executives with the experience and relationships that both Ms. Miller and Mr. Steigerwald bring to Carey Financial, coupled with the other recent additions to our sales team, will greatly enhance our sales and marketing capabilities with our distribution partners. Ms. Miller will lead our sales team and Mr. Steigerwald will service our existing client relationships and cultivate new distribution channels."
Prior to joining W. P. Carey, Ms. Miller held senior marketing and sales positions at a leading investment management firm specializing in alternative investments. Mr. Steigerwald previously served as a national accounts executive for the sales agent of a non-traded real estate investment trust.
W. P. Carey & Co. LLC
W. P. Carey & Co. LLC is an investment management firm that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages a global investment portfolio worth more than $10 billion. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of income-generating, non-traded REITs help companies and private equity firms release capital tied up in real estate assets. Now in our 35th year, the W. P. Carey Group's real estate holdings are highly diversified, comprising contractual agreements with approximately 300 tenants spanning 28 industries and 14 countries. [ www.wpcarey.com ]
Individuals interested in receiving future updates on W. P. Carey via e-mail can register at [ www.wpcarey.com/alerts ].
This press release contains forward-looking statements within the meaning of the Federal securities laws. A number of factors could cause the Company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the Company, reference is made to the Company's filings with the Securities and Exchange Commission.
