YEAR-END 2007 HIGHLIGHTS

We are pleased to report that 2007 was another year of strong performance for CPA^®:16 – Global. We completed 19 investments—12 in North America and 7 international investments—at a total cost of approximately $715 million, and we continued to provide increasing distributions to investors. As we enter 2008, the financial marketplace is very different from the one we encountered one year ago. We believe we are well positioned for this environment, as we have always put the fundamentals of income and cash flow ahead of short-term asset appreciation.

Cycle-Tested Strategy
The CPA^® track record has been built over a 30-year period of investing and managing our portfolios through good times and bad. As of December 31, 2007, we own full or partial interests in 371 properties leased to 70 tenants, totaling approximately 25 million square feet. We are proud that our portfolio of properties is over 99% occupied and broadly diversified by industry, region and property type.

Entering a more challenging economic time will necessitate managing our investment portfolio closely and aggressively. By diversifying our portfolio, we seek to limit our exposure to any one company or tenant industry. In addition, we have always looked to invest in properties that are strategically important to the operations of the tenant so that even if the tenant has some financial difficulty, it will need to keep the lights on in our buildings to run its business. And finally, we look to protect investors during all market cycles by building lasting relationships with our tenants so that when they want to make a third or fourth acquisition or build a new facility, they come to us to make it happen.

Building Long-Term Relationships
Four of the 19 acquisitions we completed in 2007 were with current CPA^® tenants and 53% of our investment volume was international. The sale-leaseback industry is growing on a global basis and we continue to see great opportunity for both U.S. and international investment. The following are highlights from 2007:

• As a follow-on to a $154 million sale-leaseback we and an affiliate completed with German do-it-yourself (DIY) retailer Hellweg Die Profi-Baumarkte GmbH & Co. KG in 2005, last April we provided Hellweg with $116 million of a total $446 million in financing through a partial purchase of its real estate subsidiary and a loan collateralized by 37 DIY retail sites.
• We purchased and leased back Universal Technical Institute’s Sacramento campus for $42.7 million. Traded on the New York Stock Exchange, Universal Technical Institute (UTI) is a for-profit secondary education provider, focused on students pursuing careers in automotive, diesel, collision repair, motorcycle and marine technologies. W. P. Carey and prior CPA^® programs have completed seven sale-leaseback and build-to-suit transactions with UTI, investing more than $140 million in UTI’s real estate. We strive to develop comparable relationships with all our tenants.
• The $31 million in sale-leaseback financing we provided automotive parts manufacturer The Voit Group enabled the group to recapitalize its balance sheet and pursue essential growth initiatives. We acquired the company’s critical real estate assets—Voit’s headquarters and manufacturing facility—and gained a strong tenant and a long-term lease.
• We provided private equity firm Genstar Capital LLC and its portfolio company, International Aluminum Corporation, a commercial and residential manufacturer of aluminum and vinyl building products, $63 million in sale-leaseback financing. We acquired nine facilities across the U.S. and Canada and granted Genstar the financial flexibility to enhance its portfolio of businesses or target future add-on acquisitions.

Investing for the Long Run^TM
CPA^®:16 – Global’s first third-party appraisal was conducted at the end of 2007. As of December 31, 2007, our estimated net asset value (NAV) was determined to be $10 per share. Our total annual return for 2007, including quarterly cash distributions, was 6.5%.We are proud of our accomplishments but want to emphasize that CPA^®:16 – Global is a long-term investment. We have always believed in investing for the long run and adhere to this philosophy today.

As we continue to manage this broadly diversified portfolio, we will seek to provide you, our investors, with a steadily growing investment and increasing distributions. We thank you for your continued support and look forward to another successful year.

Please note that these highlights provide only a summary of the information contained in our annual report on Form 10-K for the year-ended December 31, 2007, which we have filed with the Securities and Exchange Commission. We encourage you to read the full report, which can be found at www.cpa16global.com.