NEW YORK, NY – December 22, 2000 – W. P. Carey & Co. LLC (NYSE: WPC), a leading real estate investment banking firm and lessor of net leased corporate properties, today announced the election of Susan C. Hyde to the position of Senior Vice President and Deputy Director of Marketing.
Ms. Hyde joined W. P. Carey & Co. in 1990 and, after a series of promotions, was elected a Vice President in April 1997. In April 1999, she was made a First Vice President and was elevated to Senior Vice President in December 2000. In her new role, Ms. Hyde will serve as Deputy Director of Marketing and will also be responsible for managing the firm's Investor Relations and Corporate Communications departments. Ms. Hyde was graduated from Villanova University in 1990, where she received a B.S. in Business Administration with a concentration in Marketing and a B.A. in English.
Commenting on Ms. Hyde's promotion, Wm. Polk Carey, Chairman of W. P. Carey, stated, "Susan has taken on increased levels of responsibility in each of her years and has contributed meaningfully to the growth of the firm. As a leader within our organization, Susan, in her new position, will not only continue to direct our investor relations and corporate communications departments, but will also help lead the firm's marketing department. In each of her roles within the company, Susan's performance has been exemplary and her appointment to the position of Senior Vice President is a testament to her success."
Founded in 1973, W. P. Carey & Co. specializes in corporate real estate financing using the corporate net lease, or sale-leaseback structure. The firm and its affiliates is one of the largest lessors of net leased corporate real estate in the nation. W. P. Carey & Co. LLC (NYSE: WPC), the largest publicly traded Limited Liability Company in the world, owns and manages over 38 million square feet of property in the USA and Europe. Additional information about W. P. Carey can be found on the company's Web site: www.wpcarey.com
This press release contains forward-looking statements within the meaning of the Federal securities laws. A number of factors could cause the company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the company, reference is made to the company's filings with the Securities and Exchange Commission.