NEW YORK, NY – November 16, 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 appointment of Benjamin P. Harris as Second Vice President.
Mr. Harris joined W. P. Carey & Co. as an Analyst in June 1998, was promoted to the position of Acquisitions Associate in March 1999 and Second Vice President in 2000. Mr. Harris received a B.S. in Economics in June 1998 from the University of Kings College in Canada where he concentrated in Finance.
Commenting on Mr. Harris' promotion, Wm. Polk Carey, Chairman of W. P. Carey, stated, "Ben has established himself as a leader within W. P. Carey's Acquisitions team. His knowledge of finance coupled with his work ethic and people skills has enabled him to make significant contributions to the growth of the firm. His promotion to the position of Second Vice President is a tribute to his outstanding record of achievement."
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.