NEW YORK, NY – August 29, 2001 – W. P. Carey & Co. LLC (NYSE:WPC), a leading real estate investment banking firm and lessor of net leased corporate properties, announced today the appointment of Robert C. Kehoe as First Vice President in the Company's Finance Group. In this position, Mr. Kehoe will continue to be responsible for coordinating the Company's budgeting and treasury management functions and will work closely with the Chief Financial Officer John J. Park on special projects.
Wm. Polk Carey, Chairman of W. P. Carey, said, "Bob has been an important part of the Carey Team for nearly 15 years. His prior experience gained in working in the Comptroller's group, his understanding of the budgeting process and involvement in managing our company's treasury area have played an important role in the Company's success over the years. I am pleased to appoint him First Vice President of the Finance Group."
Mr. Kehoe joined W. P. Carey as a Senior Accountant in 1987. Prior to joining the Company he was associated with Deloitte, Haskins & Sells for three years and was Manager of Financial Controls at CBS Educational and Professional Publishing. Mr. Kehoe is a graduate of Manhattan College and received his MBA in Finance from Pace University.
As of June 30, 2001, the W. P. Carey Group had a diversified portfolio which included 414 properties, net-leased to 213 tenants throughout the United States and Europe. W. P. Carey & Co. LLC and its affiliates specialize in corporate real estate financing through the corporate net lease, or sale-leaseback structure. The largest publicly traded limited-liability company in the world, W. P. Carey was founded in 1973, and owns and manages more than 46 million square feet of property in the United States and Europe. The $3 billion firm is headquartered in Manhattan and has offices in London and Paris. Additional information is available on the firm's website: www.wpcarey.com
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.
