Our History

 

W. P. Carey Founder Wm. Polk Carey was a born entrepreneur. As a child he sold soda to his neighbors and writing ink that he made in his basement. When he arrived at Princeton University to begin his freshman year, he soon discovered he owned something many of his schoolmates did not – a small dorm room refrigerator. Seeing an opportunity, he purchased as many refrigerators as he could afford and leased them to his schoolmates for a small fee. By the end of his sophomore year, he had made over $10,000. It was this simple idea that laid the groundwork for what is now known as W. P. Carey Inc.

Our History

 

W. P. Carey Founder Wm. Polk Carey was a born entrepreneur. As a child he sold soda to his neighbors and writing ink that he made in his basement. When he arrived at Princeton University to begin his freshman year, he soon discovered he owned something many of his schoolmates did not – a small dorm room refrigerator. Seeing an opportunity, he purchased as many refrigerators as he could afford and leased them to his schoolmates for a small fee. By the end of his sophomore year, he had made over $10,000. It was this simple idea that laid the groundwork for what is now known as W. P. Carey Inc.

  • Our History at W. P. Carey (WPC) timeline graphic – Year 1973

    1973

    Wm. Polk Carey founds W. P. Carey (formerly W. P. Carey & Co.), pioneering the concept of pooled net leased commercial real estate assets for individual investors 

  • Our History at W. P. Carey (WPC) timeline graphic – Year 1979

    1979

    W. P. Carey launches its series of investment programs (CPA®) to continue providing retail investors with income and wealth preservation through the acquisition of commercial properties and real estate-related assets.* 

     

    *In 2017, W. P. Carey announced plans to exit all non-traded retail fundraising activity as part of its evolution to a pure-play net lease REIT.
  • Our History at W. P. Carey (WPC) timeline graphic – Year 1998

    1998

    W. P. Carey (formerly Carey Diversified LLC) begins trading on the NYSE

  • Our History at W. P. Carey (WPC) timeline graphic – Year 1999

    1999

    W. P. Carey expands to Europe with the launch of its London office

  • Our History at W. P. Carey (WPC) timeline graphic – Year 2008

    2008

    W. P. Carey grows its European footprint, opening its Amsterdam office

  • Our History at W. P. Carey (WPC) timeline graphic – Year 2012

    2012

    W. P. Carey converts to a REIT

  • Our History at W. P. Carey (WPC) timeline graphic – Year 2014

    2014

    W. P. Carey completes its inaugural public equity and U.S. bond offerings and receives investment grade ratings from Moody’s and Standard & Poor’s

  • Our History at W. P. Carey (WPC) timeline graphic – Year 2015

    2015

    W. P. Carey expands its access to public markets with its inaugural eurobond offering

  • Our History at W. P. Carey (WPC) timeline graphic – Year 2018

    2018

    W. P. Carey celebrates 45 years of Investing for the Long Run®, 20 years as a publicly listed company on the NYSE and 20 years of investing in Europe.