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W. P. Carey & Co. To Release Fourth Quarter and Year-End 2005 Financial Results on Thursday, March 2nd

Conference Call and Audio Webcast Scheduled for 11:00 AM (ET)

January 30, 2006

NEW YORK, NY – January 30, 2006 -- Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it will release its financial results for the fourth quarter and year-end 2005 prior to market-open on Thursday, March 2, 2006. The financial results will be released via First Call, direct fax, electronic mail, W. P. Carey's corporate website and all major wire services. In addition, after 2:00 PM (ET) individuals can listen to a podcast of the conference call by visiting www.wpcarey.com/podcast.

Date: Thursday, March 2, 2006

Start Time: 11:00 AM (ET)

Call-in Number: 1-800-289-0496
(International) 913-981-5519

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

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

Access code: 3018944

Webcastwww.wpcarey.com/earnings

Podcast: www.wpcarey.com/podcast
Available after 2:00 PM (ET)

Speakers: Chief Executive Officer & President Gordon F. DuGan, Acting Chief Financial Officer Mark DeCesaris and Chief Operating Officer Thomas E. Zacharias.

Format: Discussion of fourth quarter and year-end 2005 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 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 over 675 commercial and industrial properties worldwide, representing approximately 95 million square feet and valued at more than $7.4 billion.

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