W.P. Carey Promotes Three

W.P. Carey & Co. has promoted Gino Sabatini to managing director. The investment firm promoted Kathleen Barthmaier and Darren Postel as Directors.

Press release:

Investment firm W. P. Carey & Co. LLC (NYSE: WPC), has announced the appointment of Gino Sabatini as Managing Director and Kathleen Barthmaier and Darren Postel as Directors.

Mr. Sabatini joined W. P. Carey’s investment department in 2000. He is a graduate of the University of Pennsylvania where he was enrolled in the Management and Technology program. He received a B.Sc. in Mechanical Engineering from the Engineering School, a B.Sc. in Economics from the University of Pennsylvania’s Wharton School and an MBA from Harvard Business School.

Ms. Barthmaier joined W. P. Carey’s investment department in 2004. She is a magna cum laude graduate of the Wharton School at the University of Pennsylvania, where she concentrated in Business and Public Policy and obtained a minor in Hispanic Studies from the College of Arts and Sciences. Upon graduation, Ms. Barthmaier was named a Fulbright Scholar to Mexico City.

As members of W. P. Carey’s investment department Mr. Sabatini and Ms. Barthmaier are responsible for sourcing, analyzing, negotiating, structuring, financing and managing the due diligence and closing process for acquisitions by the firm on behalf of its CPA® series of income-generating, non-traded REITs. Ms. Barthmaier was recently involved with the $225 million transaction W. P. Carey and affiliates completed with The New York Times Company. Mr. Sabatini’s recent transactions include the acquisition of a cold storage facility in Glendale Heights, Illinois, leased to Kronos Foods, Inc., the acquisition of four North Carolina manufacturing facilities and corporate headquarters facility leased to Frontier Spinning Mills, Inc. and the financing of an expansion to a Georgetown, Texas facility leased to LifePort Inc. along with the purchase of a new property in Woodland, Washington also leased to LifePort.

Mr. Postel joined W. P. Carey’s asset management department in 2005. He is a graduate of Dartmouth College and received an MBA from the Wharton School of the University of Pennsylvania. As a transaction officer in the department, he is responsible for negotiating lease renewals, mortgage refinancings, strategic asset sales and investment restructurings related to the firm’s real estate portfolios. Mr. Postel has executed a number of high profile lease restructurings, including Lillian Vernon Corporation and Quebecor World, Inc.

Commenting on the promotions, Chairman Wm. Polk Carey noted, “Gino, Katie and Darren are representative of the backgrounds and talent we have been able to attract to all areas of our firm. All three have demonstrated the ability to build on their educational and professional experience, thereby earning the additional responsibilities and recognition evidenced by their promotions.”

Mr. Carey added, “The development of and investment in our human capital is a core principal of W. P. Carey and it is with great pride that we congratulate Gino, Katie and Darren on their achievements. We appreciate the value they have added to our firm and look forward to their continued growth and ongoing contribution to our success.”

W. P. Carey & Co. LLC

W. P. Carey & Co. LLC 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. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of income-generating, non-traded REITs help 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 300 long-term corporate obligors spanning 28 industries and 14 countries. http://www.wpcarey.com

Individuals interested in receiving future updates on W. P. Carey via e-mail can register at http://www.wpcarey.com/alerts.

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.