W. P. Carey Inc. (NYSE: WPC), an internally-managed net lease real estate investment trust,
announced today that Brian Boulter has joined the Company as Director, Self-Storage. Mr.
Boulter will be responsible for overseeing the management of W. P. Carey’s existing self-storage portfolio on
behalf of W. P. Carey’s managed non-traded REITs, CPA®:17 – Global and
CPA®:18 – Global.
W. P. Carey has been investing in the self-storage sector for more than 11 years, having completed its first
investment in the asset class with the $298 million net lease sale-leaseback of 78 U-Haul facilities in 2004. As of
October 2016, W. P. Carey and its managed REITs combined were ranked by Inside Self-Storage as
the 8th largest owner/operator of self-storage assets in the United States. In 2016, through its managed non-traded
REITs, W. P. Carey completed self-storage transactions totaling approximately $385 million.
Jason Fox, W. P. Carey President, commented, “Brian brings a strong background in both
self-storage acquisitions and asset management to W. P. Carey. His experience in both of these areas positions him
well to manage our existing portfolio activities on behalf of our managed REITs. We are pleased to have Brian join
our self-storage team and welcome him to W. P. Carey.”
Mr. Boulter added, “I look forward to working with Jason and the team at W. P. Carey as well as the opportunity
to oversee the management of the self-storage portfolio on behalf CPA®:17 – Global and
CPA®:18 – Global.”
Mr. Boulter joins W. P. Carey from Wasatch Storage Partners, LLC where he served as Vice President – Business
Development. Prior to joining Wasatch Storage Partners, he was Director of Real Estate Acquisitions at Extra Space
Storage, Inc. During his seven-year tenure at Extra Space Storage, he also served as National Procurement Manager
with responsibilities including the oversight of feasibility and budgetary analysis, contract negotiations and
expense management. Prior to Extra Space Storage, he was Senior Asset/Property Manager at Westfield Properties, Inc.
of Salt Lake City.
Mr. Boulter holds an MS in Real Estate from New York University and a BS from Brigham Young University.
W. P. Carey Inc.
W. P. Carey Inc. is a leading internally-managed net lease REIT that provides
long-term sale-leaseback and build-to-suit financing solutions primarily for companies in the U.S. and Europe. At
December 31, 2016, the Company had an enterprise value of approximately $10.5 billion. In addition to its owned
portfolio of diversified global real estate, W. P. Carey manages a series of non-traded publicly-registered and
private investment programs with assets under management of approximately $12.9 billion. Its corporate
finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged
across a wide variety of industries and property types. Furthermore, its portfolio of long-term leases with
creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent
and rising dividend income to investors for over four decades.
www.wpcarey.com