Trevor Bond Joins W. P. Carey & Co.'s Board As Independent Director
NEW YORK, NY – May 7, 2007 – Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that Trevor P. Bond, a 20-year veteran of the real estate financing industry, will serve as an independent director of the Company.
Mr. Bond has been actively involved in the real estate financing sector since the late 1980’s. From 1992 to 2002 he worked for Credit Suisse, where he began purchasing distressed mortgage debt on behalf of the Principal Transactions Group. He later became a founding team member of Praedium Recovery Fund, one of the first real estate opportunity funds, where he purchased and managed portfolios of distressed real estate assets and mortgage debt. In 1996, he co-founded Credit Suisse’s real estate equity group, which went on to invest several billion in real estate assets.
Prior to Credit Suisse, Mr. Bond served as an associate in real estate and finance at Tishman Realty & Construction Co. and as an associate in real estate investment banking at Goldman Sachs & Co. in New York. Mr. Bond also founded and managed an international trading company that sourced industrial products in China for U.S. manufacturers from 1985 to 1987. He currently invests in real estate limited partnerships for his personal account as a managing member of private investment vehicle, Maidstone Investment Co., LLC. A Harvard Business School graduate, Mr. Bond also studied Chinese language and culture at Beijing University, Nanjing University, and Taiwan Normal University and speaks fluent Mandarin.
“We are delighted to have Trevor Bond join the W. P. Carey board,” said W. P. Carey Chairman, Wm. Polk Carey. “Trevor’s extensive background in real estate equity, financing, and investment will undoubtedly make significant contributions to the future development and success of our Company.”
W. P. CAREY & CO. LLC
Founded in 1973, W. P. Carey & Co. LLC is a leading global real estate investment firm. The Company provides asset management services to its CPA® series of income generating real estate funds. With approximately $5 billion in equity capital, the W. P. Carey Group is one of the largest providers of net lease financing for corporations worldwide. The Group owns more than 800 commercial and industrial properties in 14 countries, representing approximately 98 million square feet, valued at approximately $8.8 billion. www.wpcarey.com
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 the 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.
