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Company Timeline

  • 1973

    W. P. Carey & Co., Inc. is founded by Wm. Polk Carey, who recognizes the inherent value of diversified net lease investment partnerships for individual investors seeking steady income and capital preservation.

    Mr. Carey's Passport
  • 1979

    CPA® series of investment programs begin. W. P. Carey institutes Independent Investment Committee led by Equitable Life Assurance Executive, George Stoddard to review all transactions.

    CPA Logo
  • 1980

    W. P. Carey Director, Dr. Lawrence Klein, wins the Nobel Prize in Economics.

    Dr. Klein
  • 1983

    W. P. Carey provides William E. Simon with funding for Gibson Greetings LBO.

    Gibson Greetings
  • 1987

    Mr. Carey settles from his personal checking account certain 20-year old debts to 90 Colorado sugar beet farmers in southeasten Colorado and western Kansas resulting from the bankruptcy of National Sugar Manufacturing Company, in which Mr. Carey’s family held stock for 60 years.

    1987 Beets
  • 1990

    W. P. Carey launches first non-traded REIT, CPA®:10.

    CPA: 10 Logo
  • 1991

    CPA®:11 (CIP®) is launched.

    Investors see the bottom of a national real estate cycle; CPA® vacancy rate is less than 1%.

  • 1993

    W. P. Carey surpasses $1 billion in assets under management.

    W. P. Carey Assets
  • 1998

    W. P. Carey expands its global footprint with its first European investment.

    Diversified LLC created from CPA®:1 - 9, begins trading on the NYSE (NYSE: CDC).

    Carey Group assets under management surpass $2 billion.

    NYSE: CDC Bell Ringing - January 21, 1998
  • 1999

    W. P. Carey opens its London office.

    London Office
  • 2000

    W. P. Carey & Co. LLC (NYSE: WPC) is created from the merger of Carey Diversified LLC and W. P. Carey & Co. Inc.

  • 2002

    W. P. Carey completes a record $1 billion in sale-leaseback transactions.

    Konica Minolta - $1 bn in sale-leasebacks
  • 2003

    W. P. Carey celebrates its 30th anniversary and surpasses $5 billion in assets under management.

    The W. P. Carey Foundation endows the W. P. Carey School of Business at Arizona State University.

    William Polk Carey at ASU
  • 2006

    The W. P. Carey Foundation donates $50 million to Johns Hopkins University to establish the Carey Business School.

    John Hopkins Carey Business School
  • 2007

    W. P. Carey launches CPA®:17 – Global, its 16th offering.

    Marbles
  • 2008

    W. P. Carey opens its European Asset Management Office in Amsterdam.

    Amsterdam
  • 2009

    The W. P. Carey Group makes headlines by providing $225 million of sale-leaseback financing to The New York Times Company through the acquisition of approximately 750,000 rentable square feet of its iconic, New York headquarters building.

    New York Times
  • 2010

    Carey Watermark Investors (CWI), W. P. Carey’s lodging-focused REIT, launches.

    CPA®:17 - Global hits $1 billion fundraising mark.

    CWI Tiles
  • 2011

    The W. P. Carey Foundation donates $30 million to the University of Maryland School of Law to establish the Francis King Carey School of Law.

    University of Maryland FCK School of Law
  • 2012

    W. P. Carey mourns the loss of its Founder, Wm. Polk Carey, who passes away at the age of 81.

    W. P. Carey merges with CPA®:15 and becomes a publicly traded REIT (NYSE: WPC).

    William Polk Carey
  • 2013

    W. P. Carey celebrates its 40th year anniversary.

    WPC's 40th Anniversary - 2013
  • 2014

    W. P. Carey completes merger with Corporate Property Associates 16 – Global.


    W. P. Carey celebrates its 41st anniversary by remembering its history and reflecting on its accomplishments.

    WPC's 41st Anniversary - April 3, 2014
  • 2015

    W. P. Carey launches its 19th Investment Program, Carey Watermark Investors 2.

    Carey Watermark Investors 2 Logo