Investment firm WP Carey & Co. announced on Tuesday that it completed more than $340 mln (EUR 235 mln) of property investments in the first quarter of 2011. The transactions involved 15 facilities comprising more than 2 million m[sup]2[/sup]. The facilities were acquired on behalf of the firm's publicly-held, non-traded REIT affiliates.
Investment firm WP Carey & Co. announced on Tuesday that it completed more than $340 mln (EUR 235 mln) of property investments in the first quarter of 2011. The transactions involved 15 facilities comprising more than 2 million m2. The facilities were acquired on behalf of the firm's publicly-held, non-traded REIT affiliates.
The transactions completed during the first quarter included both US and international investments, comprising assets leased on a long-term basis to tenants including Curtiss-Wright, Harbor Freight Tools, Dutch supermarket company C1000 and a US private equity firm portfolio company in the cold storage industry. The company also provided build-to-suit financing for three Dollar General retail stores as part of an ongoing financing programme for developers of Dollar General facilities.
In addition, WP Carey & Co. LLC leased an office building at 340 Main Street in Venice, California to Google Inc.
