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 Gagan Singh as Vice President in the Company's Finance Group.
Commenting on Mr. Singh's promotion, Wm. Polk Carey, Chairman of W. P. Carey, said, "Since Gagan first joined W. P. Carey in 1997 he has taken on increased levels of responsibility and has been instrumental in the overall success of the firm. As a leader within our organization, Gagan's performance has been exemplary and his appointment to the position of Vice President is a testament to his success."
Mr. Singh joined W. P. Carey & Co. in 1997 as an Investment Analyst in the Treasury Department and in 1998 was promoted to Assistant Treasurer. . Mr. Singh also serves as Vice President of W. P. Carey International LLC. He received a BS in Engineering from Panjab Engineering College in Chandigarh, India in 1990 and earned a Master of International Management degree from Thunderbird, The American Graduate School of International Management in Arizona, in 1996.
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.