NEW YORK, NY – September 26, 2001 – W. P. Carey & Co. LLC (NYSE:WPC), a leading real estate investment banking firm and lessor of net leased corporate properties, announced today the appointment of Benjamin P. Harris as Vice President in the Company's Acquisitions Group.
Wm. Polk Carey, Chairman and Chief Executive Officer of W. P. Carey, said, "Ben has played an integral role in the success of W. P. Carey. His knowledge and expertise of the marketplace and his ability to determine appropriate investment opportunities has made him a key member of W. P. Carey's acquisition team. I am pleased to announce his appointment as Vice President today."
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 later to Second Vice President in March 2000. In 1998, Mr. Harris earned a BS in Economics and Finance from the University of Kings College in Canada. He is a Chartered Financial Analyst.
As of June 30, 2001, the W. P. Carey Group had a diversified portfolio including 414 properties, net-leased to 213 tenants throughout the United States and Europe. W. P. Carey & Co. LLC and its affiliates specialize in corporate real estate financing through the corporate net lease, or sale-leaseback structure. The largest publicly traded limited-liability company in the world, W. P. Carey was founded in 1973, and owns and manages more than 46 million square feet of property in the United States and Europe. The $3 billion firm is headquartered in Manhattan and has offices in London and Paris. Additional information is available on the firm'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.