W. P. Carey Announces Two Acquisitions Totaling $43 Million

W. P. Carey Announces Two Acquisitions Totaling $43 Million 
NEW YORK, NY -- (Marketwire) -- 11/07/12 --  W. P. Carey Inc. (NYSE:
WPC), a real estate investment trust ("REIT"), announced today that
CPA(R):17 - Global, one of its publicly held non-traded REIT
affiliates, has acquired a 163,000 square foot manufacturing and
office facility in Sterling, Virginia. The property will be leased to
Cuisine Solutions, Inc. under a 20 year net lease. The purchase price
was approximately $26 million.  
In addition, W. P. Carey announced that CPA(R):17 - Global has
acquired a 274,000 square foot industrial and office facility in Elk
Grove Village, Illinois. Approximately 239,000 square feet is leased
to Shale-Inland Holdings LLC under a 15-year net lease, with the
balance of the property leased to Material Sciences Corporation. The
purchase price was approximately $17 million.  
Cuisine Solutions produces and markets fully cooked, frozen, and
prepared foods to foodservice, on board services, retail, military,
and national restaurant chain businesses in the United States and
Europe. Cuisine Solutions currently maintains over 400 SKUs (unique
product identifier codes) and sells approximately 30 products through
its retail arm. Cuisine Solutions offers its products under its own
label at retail locations but derives the majority of its business
from national retail chains. Cuisine Solutions' differentiator is the
process in which it prepares its food. "Sous-vide," French for "under
vacuum," is the technology, science, method, and art of slow cooking
food and sauces at low temperatures under vacuum seal (usually
immersed in water). This style of cooking was pioneered by Dr. Bruno
Goussault, Chief Scientist for Cuisine Solutions.  
Shale-Inland is the leading industrial supplier of products used in
the transportation of water, food, energy, and information to its end
use, specializing in the surface quality of stainless steel,
aluminum, and carbon steel. Through 47 locations in North America,
Shale-Inland delivers a broad spectrum of metal, pipes, valves, or
finished parts to its customers.  
Material Sciences (NASDAQ: MASC) is a leading provider of
material-based solutions for acoustical and coated applications.
Material Sciences uses its expertise in materials, whic
h it leverages
through relationships and a network of partners, to solve
customer-specific problems.  
Commenting on the acquisitions, W. P. Carey Managing Director and
Co-Head of Global Investments, Gino Sabatini, noted, "Both
acquisitions are consistent with our strategy of investing on a long
term basis in mission critical assets of credit worthy companies. The
Cuisine Solutions facility, which is currently undergoing an
extensive renovation, will be a state of the art facility that will
enable the company to meet increasing demand for its products. As the
market leader for sous-vide cooking, the Sterling, Virginia facility
will support Cuisine Solutions' leading market position by enabling
the company to expand production while maintaining the integrity of
its production process and the quality of its products. In addition,
the facility's location 30 minutes from Downtown Washington, DC and a
mile and a half north of Washington Dulles International Airport
makes it an attractive asset on a pure real estate basis as well."  
Mr. Sabatini added, "Our ability to underwrite the Elk Grove property
on the basis of the long term lease with Shale-Inland demonstrates
our in-house capabilities for identifying privately owned companies
with strong sponsorship. By analyzing and evaluating the strength of
current operating metrics and future expansion potential, we are able
to ascertain that privately owned corporate tenants like Shale-Inland
meet our established investment criteria. The Shale-Inland property,
located in the Chicago metro area less than half a mile from O'Hare
airport, has its own rail spur and four cranes operating within the
facility, adding to its future marketability as a real estate asset
from both an operational and accessibility standpoint over and above
the value of the long term lease currently in place with
W. P. Carey Inc.
 W. P. Carey Inc. is a publicly traded REIT (NYSE:
WPC) that provides long-term sale-leaseback and build-to-suit
financing for companies worldwide and manages an investment portfolio
of approximately $12.7 billion. W. P. Carey Inc. is the successor to
W. P. Carey & Co. LLC, which had its origins in 1973. The largest
owner/manager of net lease assets, our 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. Our portfolio of long-term leases with creditworthy
tenants has an established history of generating stable cash flows
that have enabled us to deliver consistent and rising dividend income
to investors for nearly four decades. 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.  
Cheryl Sanclemente
W. P. Carey Inc. 
Guy Lawrence
Ross & Lawrence
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