ABOUT
Wm. Polk Carey founded W. P. Carey 38 years ago focused on creating investment products that work in good times and in bad. We’ve grown tremendously over the last three decades for one very good reason: we’ve performed well for our investors in all market conditions.
Since we launched Corporate Property Associates in 1979, W. P. Carey and the CPA® programs have raised approximately $5.5 billion in equity. Our three non-traded real estate investment trusts (REITs), CPA®:15, CPA®:16 – Global and CPA®:17 – Global, which currently have combined assets valued at approximately $9.2 billion.
The CPA® REITs generally acquire properties and lease them back to tenant companies primarily on a long-term, triple-net basis (a practice called sale-leaseback). Income received from the lease payments is used to pay investors quarterly distributions with the objectives of providing attractive risk-adjusted returns and generating sufficient cash flow over time to provide investors with increasing distributions throughout the life of the programs.
13 CPA® programs have gone full cycle, generating an average return of 11.4%. By focusing primarily on tenant creditworthiness and seeking to build long-term relationships, we have been able to provide our investors with solid returns throughout varying economic cycles.