W. P. Carey & Co. to Present at NAREIT Institutional Investor Forum on Thursday, June 9th

Webcast Scheduled for 3:55 PM EST

June 02, 2005

NEW YORK, NY – June 2, 2005 – Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that its CEO and President Gordon F. DuGan and Chief Operating Officer, Thomas E. Zacharias, will present at the National Association of Real Estate Investment Trusts^® (NAREIT) Institutional Investor Forum on Thursday, June 9^th at 3:55 PM EST.

Interested parties can listen to a webcast of the presentation by visiting W. P. Carey’s website at www.wpcarey.com. NAREIT conference attendees can go to the Park Avenue room at The Waldorf=Astoria to listen to the presentation. The presentation will also be archived on W. P. Carey’s website.

Founded in 1973, W. P. Carey & Co. is a leading global investment firm that has long served as the pre-eminent provider of sale-leaseback financing to corporations and private equity firms in the United States and Europe. It owns a portfolio of net-leased real estate assets and provides asset management services to the Corporate Property Associates (CPA^®) series of income-generating real estate investment funds. The Company currently owns or manages more than 650 commercial and industrial properties worldwide, representing approximately 90 million square feet and valued at more than $7 billion.

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