NYSE:WPCREITs
W. P. Carey’s €1b Notes Reshape Debt Profile And Portfolio Mix
W. P. Carey (NYSE:WPC) has completed a €1b senior unsecured note offering.
The euro denominated notes are intended to help manage existing debt and fund new investments.
The company is reshaping its portfolio, including acquisitions, property sales, and an exit from self storage and office assets.
W. P. Carey runs a diversified net lease real estate portfolio, where tenants typically handle many property level costs. The latest financing move comes as the company adjusts its mix of...