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W. P. Carey & Co. Reschedules First Quarter Earnings Release

May 03, 2005

NEW YORK, NY – May 3, 2005 -- Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it will reschedule the release of its financial results for the first quarter 2005 until 1:30 PM, Thursday, May 5, 2005.  The Company also announced that its conference call and webcast would be rescheduled for 2:00 PM Thursday, May 5, 2005. 

PLEASE NOTE NEW CALL-IN NUMBERS BELOW:

Date: Thursday, May 5, 2005

Start Time: 2:00 PM (ET)

Call-in Number: 1-800-310-6649
(International) 719-457-2693 

Please call at least 10 minutes prior to call to register.

Replay Number: 1-888-203-1112
(International) 719-457-0820

Access code: 4427453

Webcast: Click Here

Speakers: Chairman Wm. Polk Carey, Chief Executive Officer and President Gordon F. DuGan, Chief Financial Officer John J. Park and Chief Operating Officer Thomas E. Zacharias.

Format: Discussion of first quarter 2005 financial results followed by Q&A.

Founded in 1973, W. P. Carey & Co. LLC is a global investment firm concerned with assisting corporations with various forms of long-term financing.  The Company also provides asset management services to the Corporate Property Associates (CPA®) series of income generating, publicly held non-traded real estate investment trusts (REITs).  With $3.5 billion in equity capital, the W. P. Carey Group is one of the leading providers of net lease financing for corporate properties worldwide.  The Group owns more than 700 commercial and industrial properties worldwide, representing more than 90 million square feet, valued at approximately $7 billion.

Featured Transaction

The New York Times Company
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.

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Case Study

The New York Times Company
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.

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