---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-037435"
form_type: "8-K/A"
ticker: "WPC"
cik: "0001025378"
company_name: "W. P. Carey Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T12:54:54.470866+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# W.P. Carey subsidiaries enter advisory agreements with NLOP; $625K monthly fee, $7.5M annual cap

## Summary
- Management fee of $625,000 per month, reduced proportionally after property sales, capped at $7.5M per fiscal year.
- Administrative reimbursement of $333,333 per month plus out-of-pocket expenses for services to NLOP.
- 3-year initial term, auto-renewing annually; termination fee equals 0.5x trailing 12-month fees for convenience/good reason.
- Agreements cover strategic management, asset management, and property disposition support for NLOP's office properties.

## SEC filing metadata
- accession: 0001628280-23-037435
- form_type: 8-K/A
- ticker: WPC
- cik: 0001025378
- company_name: W. P. Carey Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1025378/000162828023037435/0001628280-23-037435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025378/000162828023037435/wpc-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-037435
- JSON: https://secwatch.observer/filing/0001628280-23-037435.json
- Plain text: https://secwatch.observer/filing/0001628280-23-037435.txt

## Key facts
- Material Agreements
  W. P. Carey Inc. entered into U.S. Advisory Agreement with NLOP and the U.S. Advisor (effective 2023-11-01).
  - Action: entry
  - Counterparty: NLOP and the U.S. Advisor
  - Effective: 2023-11-01
  source text: Advisory Agreements On November 1, 2023, (i) NLOP and the U.S. Advisor entered into the U.S. Advisory Agreement; and (ii) NLOP and W.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025378/000162828023037435/0001628280-23-037435-index.htm
- Material Agreements
  W. P. Carey Inc. entered into European Advisory Agreement with NLOP and W. P. Carey & Co. B.V. (effective 2023-11-01).
  - Action: entry
  - Counterparty: NLOP and W. P. Carey & Co. B.V.
  - Effective: 2023-11-01
  source text: (ii) NLOP and W. P. Carey & Co. B.V., a wholly-owned subsidiary of the Company (the “European Advisor” and, together with the U.S. Advisor, the “Advisors”), entered into an advisory agreement (the “European Advisory Agreement”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025378/000162828023037435/0001628280-23-037435-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.