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The New York Times Company

March 2009

$225 million

Fund: W. P. Carey, CPA®:16 – Global and CPA®:17 – Global

Financing: Recapitalization Financing

Facility Type: Office

Location: New York, NY

  • The New York Times Company (NYSE: NYT) is a leading media company that publishes The New York Times, the International Herald Tribune, The Boston Globe and 16 other daily newspapers. The company also owns WQXR-FM and more than 50 Web sites, including NYTimes.com, Boston.com and About.com.
  • The W. P. Carey Group provided $225 million of sale-leaseback financing to The New York Times Company through the acquisition of approximately 750,000 rentable square feet of its New York City, Renzo Piano-designed headquarters building.