NEW YORK, NY – November 10, 2004 -- Investment firm W. P. Carey & Co. LLC (NYSE:WPC) today announced that it was opening an office in Dallas, TX to meet the growing interest among companies in net lease financing. Anne Coolidge Taylor, Managing Director and one of the Company’s leading investment officers, will head the office which is located in The Crescent, Dallas' premiere business complex.
Companies and private equity firms looking to finance acquisitions and buyouts, pay down debt or reinvest in their core competencies are realizing the benefits of utilizing net lease financing to match their long-term assets with long-term financing.
Wm. Polk Carey, Chairman of W. P. Carey & Co. LLC, said, “We are extremely excited about the opening of our Dallas office and expect Anne to be quite busy as the interest in net lease financing continues to increase among companies looking for alternative financing solutions. Anne’s experience in opening our London office in 1998 and her position as one of our top dealmakers makes her the ideal person to head our Dallas office. Her expertise in sourcing transactions will compliment her ability to customize every transaction to meet our clients’ financing needs.”
Anne Coolidge Taylor, Managing Director of W. P. Carey & Co. LLC, said, “Texas represents our largest state for investments and our decision to open an office in Dallas will enable us to meet the financing needs of growing companies throughout the country. Our access to more than $3.5 billion in equity, as well as our thirty-year track record of closing transactions on time and as proposed, sets us apart. I invite executives seeking capital to grow and expand their business, pay down debt or fund acquisitions to visit our new offices at The Crescent to learn how we can meet their financing needs.”
Currently, W. P. Carey and its affiliates have investments throughout Texas and own more than 8.1 million square feet of space net leased to: Huntsman Corporation, Best Buy Stores, L.P., Dr Pepper Bottling Company of Texas, Federal Express Corporation, Honeywell, Inc., PETsMART, Inc., Rave Reviews, TruServ Corporation and U-Haul Moving Partners among others.
Ms. Coolidge Taylor joined W. P. Carey in 1993. She received an AB from Harvard College and an MBA from Columbia University.
Founded in 1973, W. P. Carey & Co. is a global investment firm concerned with assisting corporations with various forms of long-term financing. It is best known as the foremost provider of lease financing of corporate properties worldwide.
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 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.
