W P Carey completed the merger with Corporate Property Associates 18 in a $2.7bn deal.

W P Carey, an investment management company that provides long-term sale-leaseback and build-to-suit financing, completed the merger with Corporate Property Associates 18, a non-traded real estate investment trust, in a $2.7bn deal. "We are pleased to have structured a transaction that will provide investors in CPA:18 – Global with liquidity as well as the opportunity to continue their investment in a similar company, receiving income in the form of quarterly dividends and participating in the potential upside in a leading publicly traded REIT. It also provides W P Carey – the surviving company – with the opportunity to purchase high quality assets that align well with its own portfolio, generating stable and recurring real estate revenues that will support our focus on growth and income for investors," Jason Fox, W P Carey CEO.