W. P. Carey reports 2023 investment volume of $1.3B; Q4 volume $320M at 7.7% cap rate

W. P. Carey Inc.

2023 investment volume approximately $1.3B, with $320M in Q4 at weighted-average cap rate of 7.7%.
Q4 included $157M cross-border sale-leaseback of 11 facilities in Italy, Spain, Germany with Fedrigoni Group.
Additional $148M acquisition of five properties in Italy from same transaction scheduled to close in January 2024.
$180M total of additional investments scheduled to close in January 2024.
75% of 2023 volume in warehouse/industrial assets; 80% in North America, 20% in Europe.

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