NEW YORK, NY — February 11, 2005 — Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today the appointment of Douglas E. Barzelay as its General Counsel. In this position, Mr. Barzelay will be responsible for overseeing the Company’s in-house legal affairs and will provide counsel to senior management on issues related to the Company’s day-to-day business practices.
“I am pleased to announce Doug’s appointment as W. P. Carey’s new General Counsel,” said Gordon F. DuGan, President of W. P. Carey. “Doug has a tremendous amount of experience in corporate and securities law, as well as with mergers and acquisitions, corporate restructurings and financings. Doug’s expertise in the financial and investment community will serve us well as we continue to grow and expand our business around the world and I’m looking forward to working with him.”
Since 1995, Mr. Barzelay was a partner of Patterson, Belknap, Webb & Tyler, LLP, where his practice included corporate and securities law matters, international transactions and mergers and acquisitions. Prior to this, from 1986 through 1995, he held several positions at Dime Bancorp, Inc. including as General Counsel from 1989 through 1995, where he was responsible for all legal affairs of the company and its in-house legal department. Before joining Dime, Mr. Barzelay practiced law with Breed Abbot & Morgan and Battle Fowler in New York. He graduated cum laude from Harvard Law School and cum laude from Yale University. He was admitted to the New York State Bar in 1974.
Founded in 1973, W. P. Carey & Co. LLC is a global investment firm concerned with assisting corporations with various forms of long-term financing. The Company also provides asset management services to the Corporate Property Associates (CPA®) series of income generating, publicly held non-traded real estate investment trusts (REITs). The W. P. Carey Group, with $3.5 billion in equity capital, is one of the leading providers of net lease financing for corporate properties worldwide. The Group owns more than 700 commercial and industrial properties worldwide, representing more than 90 million square feet, valued at approximately $7 billion. 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.