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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 LLC (since 2020). Mr. Farrell was a Partner and Founder of PADC Realty Investors LLC (2004-2019), a Washington, D.C. real estate development and investment company. Prior to founding PADC, Mr. Farrell was

Rhonda O. Gass was elected to W. P. Carey’s Board of Directors in 2024 and serves as a member of the Audit Committee. Ms. Gass has served as the Chief Information Officer at Stanley Black & Decker (NYSE: SWK), an industrial tools and household hardware manufacturer, since 2012, overseeing the company’s cybersecurity and digital risk management strategy. Previously, Ms. Gass held senior leadership roles during her decade-long tenure at Dell, Inc., a subsidiary of Dell Technologies Inc. (NYSE

Robert J. Flanagan was elected to W. P. Carey’s Board of Directors in 2018 and serves as Chair of the Audit Committee and a member of the Investment Committee. Mr. Flanagan is a Managing Director at CNF Investments (since 2006). Mr. Flanagan was the Executive Chairman (2023-2025) and CEO & President (2021-2022) of Clark Enterprises, Inc., a private investment firm with a diversified portfolio of holdings, including real estate and private equity in Bethesda, Maryland. He was a trustee of the

Let’s start with the foundation: if you’re unfamiliar with the term sale-leaseback, you should go here. For a more focused explanation relating to industrial properties, let’s turn to Erik Foster, principal with Avison Young and head of the firm’s industrial capital markets practice. “A sale-leaseback is when a user of real estate who owns their premises chooses to monetize that real estate. They stay in [the property], occupy it for a long term and sell it to a third-party owner who becomes

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

Constantin H. Beier was elected to W. P. Carey’s Board of Directors in 2022 and serves as a member of the Compensation Committee and the Nominating and Corporate Governance Committee. Mr. Beier is the COO of the Strategy & Technology Group and a member of the Executive Leadership Team at Aon plc (NYSE: AON), a global professional services firm. Mr. Beier brings more than two decades of international business experience in enterprise risk management, data analytics and operations and legal

Read the stories about the unique career paths of our employees, what they love most about coming to work every day and what they believe it takes to succeed at W. P. Carey.

Executive Director and Transaction Counsel, Legal Transactions | Employee Spotlight

$210 million sale-leaseback of 14 automotive dealerships located in top Western Canadian markets. Totaling over 570,000 square feet, the portfolio is triple-net leased to Go Auto, the second largest automotive dealership group in Canada.

John D. Miller joined W. P. Carey as Co-Chief Investment Officer in 2004 and currently serves as Chief Investment Officer. In his role, Mr. Miller chairs the internal Investment Committee and ensures all transactions align with the company’s investment criteria. He is also the Chief Investment Officer of the W. P. Carey Foundation. Prior to joining W. P. Carey, Mr. Miller co-founded and served as President of StarVest Partners, a $150 million venture capital fund. He is the former