.
MergerLinks Header Logo

Announced

Completed

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

Financials

Edit Data
Transaction Value£2,016m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Acquisition

Commercial REITs

real estate investment trust

United States

Majority

Merger

Friendly

Private

Domestic

Completed

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US