NEW YORK, NY – November 8, 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 Louisa H. Quarto as Vice President.
Louisa Quarto was elected Vice President, Marketing in March, 2000. Her current responsibilities include managing broker-dealer relationships for the company. Ms. Quarto joined W. P. Carey & Co. as an Associate Marketing Director in February, 1996, was elected Assistant Secretary in 1997 and Second Vice President in 1999. Prior to joining the company she was an associate with Kokusai Investment Trust Management Co., Ltd., and previously worked for Asahi Bank. Ms. Quarto received a B.A. in International Relations from Bucknell University and a M.B.A. in Finance and Marketing from The Stern School of Business at New York University.
Commenting on Ms. Quarto's promotion, Wm. Polk Carey, Chairman of W. P. Carey, stated, "Louisa's extensive product knowledge and wide range of skills, coupled with her leadership abilities have enabled her to become an extremely valuable member of W. P. Carey's marketing team. She has taken on increased levels of responsibility in each of her years with the firm and has earned the position of Vice President."
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.