Forging Long-term Partnerships Through Tenant-centered Real Estate Solutions

At W. P. Carey, we view real estate as a long‑term partnership — not a one‑time transaction. We stay closely connected with our tenants, aligning our capital and real estate expertise with the evolving needs of their businesses.

That philosophy is embedded in Carey Tenant Solutions, our platform designed to support tenant growth beyond the initial acquisition. Through follow‑on investments, we help tenants modernize, expand, redevelop, relocate and improve the energy efficiency of their facilities — allowing them to focus capital on what matters most: running and scaling their core business.

Below is an overview of the core capabilities within Carey Tenant Solutions and how each can benefit existing and prospective tenants.

Build-to-suits

In a build‑to‑suit, W. P. Carey funds and manages the construction of a new facility — or the expansion of an existing one — tailored to the precise specifications of a prospective or existing tenant. Upon completion, the tenant enters into a long‑term net lease while retaining full operational control of the new or expanded facility.

We offer two flexible approaches to build‑to‑suits:

• Build-to-suit financing: We provide construction capital while the tenant’s developer executes the project, either through traditional construction financing funded over time or via take‑out financing upon completion.
   
• Turnkey build-to-suit: We finance and manage the entire construction process, from site selection to final delivery.

For tenants, the primary advantage of a build‑to‑suit is capital efficiency. Rather than tying up their capital in real estate, tenants can redeploy resources toward growth initiatives, innovation or strengthening operations — while still gaining a facility designed specifically for their needs.

Learn how this approach helped support our tenant Cuisine Solutions’ growth.

Redevelopments

W. P. Carey offers comprehensive redevelopment capabilities, managing projects from initial design through delivery. Combining our internal development expertise and long‑standing relationships with leading architects, consultants and contractors, we assemble experienced teams capable of executing even the most complex redevelopment projects.

Our redevelopment capabilities span:

• Repositionings, where we upgrade, modernize or expand an existing building while maintaining its core use.  
   
• Redevelopments, which involve unlocking value of infill locations through adaptive reuse and ground up construction of state-of-the-art, primarily industrial, properties that meet the demands of modern occupiers.

W. P. Carey’s turnkey redevelopment process is comprehensive and includes:

• Pre-construction planning and optimization
• Development feasibility and due diligence
• Zoning and entitlement approvals
• Design and permitting
• Budgeting and scheduling
• Construction management
• Creative lease structures
• Sustainable development
• Overall efficiency

Our proactive approach allows us to work directly with incoming tenants to shape a property around their exact operational requirements, while enhancing the quality of our portfolio by retaining the best positioned assets in the highest barrier-to-entry locations.

Learn more about our carbon-neutral redevelopment of a Class-A warehouse for a global IT services company.

Energy Solutions

Through Carey Tenant Solutions, we also help tenants reduce operating costs and advance their sustainability goals by designing, funding and implementing renewable power and energy efficiency projects directly at their facilities.

We believe that improving the quality and sustainability of our assets delivers tangible benefits across our portfolio — increasing renewal probabilities, strengthening tenant relationships and enhancing long‑term asset value – all while helping our tenants reduce their carbon footprint.

Our energy solutions include:

• On‑site renewables, including CareySolar®
• Efficiency retrofits, such as LED lighting upgrades
• Smart building technologies, including IoT‑enabled metering
• Green infrastructure, such as EV charging stations and battery storage
• Carbon‑neutral construction

By integrating these solutions into our long‑term ownership strategy, we help tenants operate more efficiently today while building assets that are better positioned for the future.

Read how we collaborated with our tenant, a healthcare products distributor, to fund a rooftop solar installation.

A Platform Built on Partnership

Collaboration with our tenants — and support beyond the initial transaction — has always been core to how we operate at W. P. Carey. With Carey Tenant Solutions, we have formalized and unified those capabilities, bringing decades of experience together under a single platform to deliver one of the most comprehensive tenant service offerings in the net lease industry.

Interested in exploring Carey Tenant Solutions? Get in touch today.