W P Carey, a net lease REIT, completed the acquisition of the 26 properties from OTPPB-backed Grupo Mémora, a provider of funeral services, for $147m. "Mémora's solid position in the Iberian market, together with the importance of these assets and long-term leasing, have made this transaction perfectly adapt to our investment criteria, while expanding the diversity of our European portfolio," Christopher Mertlitz, W P Carey Director of European Investments.