Peter J. Farrell was elected to W. P. Carey’s Board of Directors in 2016, and he currently serves as Chair of the Compensation Committee and as a member of the Audit Committee and the Investment Committee. Mr. Farrell is a Managing Partner and Founder of City Interests Development Partners (since January 2020). Mr. Farrell was a Partner and Founder of PADC Realty Investors LLC (2004 to 2019), a Washington, D.C. real estate development and investment company.

Prior to founding PADC, Mr. Farrell was President and COO of Medical Office Properties Inc., a REIT focused on healthcare-related real estate assets, from 2000 to 2004, before it was sold to CNL Retirement Properties Inc. in 2004. He previously served as a Vice President at Legg Mason Wood Walker, Inc., Vice President at Legg Mason Real Estate Services, Inc. and Managing Director of Legg Mason Realty Advisors. Mr. Farrell spent 13 years in commercial real estate at Shannon & Luchs Company and Cassidy & Pinkard in Washington, D.C. He was a Director for CRT Properties (NYSE-listed REIT) from 2004 to 2005.

A graduate of Georgetown University, Mr. Farrell is active on the boards of several educational institutions and philanthropic organizations.