W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases.[1] The company is organized in Maryland, with its primary office in New York City.[1]
As of December 31, 2024, the company owned 1,555 properties in 26 countries leased to 355 tenants. Approximately 61% of the company's revenue is derived in United States and 33% in Europe.[1]
History
The company was founded in 1973 by William P. Carey.[2][3]
In the early 1980s, the company was innovative in the use of