W.P. Carey Names European Head

H. Cabot Lodge has been named president of W.P. Carey & Co‘s UK subsidiary, and head of European investments. He previously was managing partner of CL Prop LLC, a real estate advisory and corporate net lease management firm.

PRESS RELEASE

Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that H. Cabot Lodge, III has been appointed President of its UK subsidiary, W. P. Carey & Co. Ltd. Mr. Lodge will serve as head of European Investments and is based out of W. P. Carey’s London office.

Gordon DuGan, President and Chief Executive Officer of W. P. Carey, commented, “Cabot’s appointment to head our European investment team underlines our commitment to further strengthen the firm’s international platform. Having a senior executive with Cabot’s capabilities and credentials will enhance our ability to capitalize on recent successes and pursue opportunities in the current market. Cabot has more than 25 years of deal experience, including 15 years previously with W. P. Carey, and his knowledge will be a significant asset in accelerating the development of our European franchise.”

Commenting on his appointment, Mr. Lodge said, “Having established my career at W. P. Carey, I am delighted to return and have the opportunity to advance the European investment strategy, which has been successfully built up over the past ten years. W. P. Carey’s dedication to developing long-term relationships with its tenant companies, combined with the significant capital we have to invest, positions us well in the European market. I look forward to playing a key role in the continued growth of the Company and expanding its European portfolio.”

W. P. Carey has a global portfolio approaching $10 billion in assets, with assets under management in Europe accounting for approximately $3 billion. The firm also has an office in Amsterdam that oversees its European asset management business.

Most recently, Mr. Lodge served as Managing Partner of CL Prop LLC, a real estate advisory and corporate net lease management company he created in an alliance with Structure Tone Equities. Although Mr. Lodge has resigned as Managing Partner, he will remain on CL Prop’s board, and in that capacity he will identify appropriate opportunities with W. P. Carey. In 2006, Mr. Lodge founded and served as Managing Partner of ARC Global Partners LLC, an international real estate merchant bank. In 2000, concurrent with iStar Financial Inc.’s acquisition of American Corporate Real Estate (“ACRE”) — a corporate net lease fund founded by Mr. Lodge — he joined iStar as a Director and Executive Vice President responsible for the Credit Tenant Lease group. Mr. Lodge remained at iStar until 2006. Prior to forming ACRE, Mr. Lodge was a Managing Director of W. P. Carey & Co., where he served in various capacities for 15 years, including as Co-Head of the Acquisition Department.

Mr. Lodge has served as a member of the Board of Directors of Rand Logistics since June 2006 and he served on the Board of Meristar Hospitality Corporation, one of the largest hospitality REITS in the US, from its inception until the time of its sale in 2006.

Mr. Lodge graduated from Harvard College in 1978 and Harvard Business School in 1983.

Please contact Mr. Lodge at clodge@wpcarey.com

W. P. Carey & Co. LLC
W. P. Carey & Co. LLC (NYSE: WPC) is an investment management company that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages a global investment portfolio approaching $10 billion. Through its CPA® series of income-generating, non-traded REITs, W. P. Carey helps companies and private equity firms unlock capital tied up in real estate assets. The W. P. Carey Group’s investments are highly diversified, comprising contractual agreements with approximately 275 long-term corporate obligors spanning 28 industries and 15 countries. http://www.wpcarey.com