secwatch.observer — SEC 8-K summary
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Issuer:     W. P. Carey Inc. (WPC)
CIK:        0001025378
Form:       8-K/A
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001628280-23-037435
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025378/000162828023037435/0001628280-23-037435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025378/000162828023037435/wpc-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-037435

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