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W. P. Carey & Co. To Release Third Quarter 2004 Financial Results on Tuesday, October 26th

Conference Call and Audio Webcast Scheduled for 11:00 AM

September 28, 2004

NEW YORK, NY – September 28, 2004 Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it will release its financial results for the third quarter 2004 prior to market-open on Tuesday, October 26, 2004. The financial results will be released via direct fax, FirstCall, electronic mail, W. P. Carey's corporate website and all major wire services.

Date: Tuesday, October 26, 2004

Start Time:  11:00 AM (ET)

Call-in Number: 1-800-946-0774
(International) 719-457-2648
Please call at least 10 minutes prior to call to register.

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

Access code: 814264

Webcast: Click here for webcast

Speakers: Chairman Wm. Polk Carey, President Gordon F. DuGan and     Chief Financial Officer John J. Park

Format: Discussion of third quarter 2004 financial results followed by Q&A.

Founded in 1973, W. P. Carey & Co. is a leading global investment firm that has long served as the preeminent 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, publicly held non-traded real estate investment trusts (REITs). The Company currently owns and/or manages more than 700 commercial and industrial properties worldwide, representing 95 million square feet, valued at approximately $7 billion.

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