W. P. Carey Acquires Finisar Corporate Office and R&D Facility

February 9, 2005

NEW YORK, NY – February 8, 2005 – Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that, due to internal scheduling conflicts, it will now release its financial results for the fourth quarter and full year 2004 prior to market-open on TUESDAY, MARCH 1, 2005. (NEW CALL-IN NUMBERS APPEAR BELOW) The financial results will be released via direct fax, First Call, electronic mail, W. P. Carey's corporate website and all major wire services.

Date: Tuesday, March 1, 2005

Start Time: 11:00 AM (ET)

Call-in Number: 1-800-479-9001 
(International) 719-457-2618

Please call at least 10 minutes prior to call to register.

Replay Number: 1-888-203-1112
(International) 719-457-0820

Access code: 4565892

Webcastwww.wpcarey.com

Speakers: Chairman Wm. Polk Carey, President Gordon F. DuGan and     Chief Financial Officer John J. Park

Format: Discussion of fourth quarter and full year 2004 financial results followed by Q&A.

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).  With $3.5 billion in equity capital, the W. P. Carey Group 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.