NEW YORK,NY – July 11, 2000 – W. P. Carey & Co. LLC (NYSE:WPC), a leading real estate investment banking firm and lessor of net leased corporate properties, has announced the appointment of Anne R. Coolidge as Executive Director.
Ms. Coolidge, who joined the company in 1993, is head of W. P. Carey's London office, which opened in 1999 and is responsible for European operations. Her first UK transaction, in February, was the £3.97 million purchase/leaseback for Gloystarne & Co. Limited, a Kent-based distribution company. Two further transactions followed and she is working on several other transactions.
Commenting on Ms Coolidge's promotion, Wm. Polk Carey, W. P. Carey's Chairman and CEO, said: "As head of our London office, Anne is spearheading our efforts to tap into the currently underserved European market for sale-leasebacks of properties of companies with less than investment grade credit ratings. Her ability to assess the financing needs of expanding businesses in the U.K. has enabled her to make tremendous inroads within a relatively short time. Her appointment as Executive Director reflects her significant contribution to the growth of the firm."
In addition to her role as Executive Director of W. P. Carey & Co. LLC, Ms. Coolidge is the portfolio manager of Corporate Property Associates 10 (CPA®:10), a REIT managed by W. P. Carey. She joined the company in 1993 as Assistant to the Chairman and was elected a Vice President in April 1998. She received an A.B. from Harvard College magna cum laude and an M.B.A. from Columbia University's Graduate School of Business.
Founded in 1973, W. P. Carey & Co. LLC (NYSE:WPC) is one of America's leading providers of net lease financing to growing businesses. In 1999, W. P. Carey opened a London office and is now expanding its activities throughout Europe, focusing mainly on mid-sized companies. The W. P. Carey Group comprises a series of real estate companies, including the Corporate Property Associates and Carey Institutional Properties real estate investment trusts (REITs). Collectively, the Carey Group owns more than 38 million square feet of property in the USA and Europe. Additional information about W. P. Carey & Co. LLC is available on the company's website: 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.