Finance REITs
July 28, 2008
W. P. Carey & Co. L.L.C. said today that CPA®:16 - Global, its publicly held non-traded REIT affiliate, has provided approximately $18 million in sale-leaseback financing to The Leipold Group through the acquisition of one U.S. and three German manufacturing facilities. The three German facilities are located in Dransfeld, Bünde and Wolfach. The U.S. facility is located in Windsor, Conn. W. P. Carey also completed two transactions with German companies earlier this month: a $58 million sale-leaseback with IT distributor Actebis AG and a $30 million sale-leaseback with reusable plastic packaging product manufacturer Schoeller Arca Systems.
W. P. Carey & Co. L.L.C. said today that CPA®:16 - Global, its publicly held non-traded REIT affiliate, has provided approximately $18 million in sale-leaseback financing to The Leipold Group through the acquisition of one U.S. and three German manufacturing facilities. The three German facilities are located in Dransfeld, Bünde and Wolfach. The U.S. facility is located in Windsor, Conn. W. P. Carey also completed two transactions with German companies earlier this month: a $58 million sale-leaseback with IT distributor Actebis AG and a $30 million sale-leaseback with reusable plastic packaging product manufacturer Schoeller Arca Systems.
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