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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

Elisabeth T. Stheeman was elected to W. P. Carey’s Board of Directors in 2022 and serves as a member of the Audit Committee and the Investment Committee. Ms. Stheeman has been the Chair of FTSE 250-listed Edinburgh Investment Trust plc since July 2022, where she has served as a director since 2019 and is also the Chair of the Nominations Committee. Ms. Stheeman has served as a non-executive director at M&G plc (LON: MNG), a FTSE 100 global investment manager, on the Audit and Risk Committees

In a sale-leaseback, a company sells its real estate to an investor like W. P. Carey for cash and simultaneously enters into a long-term lease.

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

Through Carey Tenant Solutions, W. P. Carey offers tenants flexible solutions to support their evolving real estate needs.

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

Interested in a career in real estate? Visit the W. P. Carey Careers page to learn more.

W. P. Carey is one of the largest global net lease REITs, specializing in sale leasebacks, build-to-suits and acquisition of existing net leases.