| Business Summary | | W.
P.
Carey
&
Co.
LLC
(WPC),
formerly
Carey
Diversified
LLC,
is
a
real
estate
investment
company
that
acquires,
owns
and
manages
commercial
properties
leased
to
companies
nationwide,
primarily
on
a
triple-net
basis.
As
of
December
31,
2000,
WPC
owned
189
properties
in
the
United
States
and
five
properties
in
Europe
totaling
more
than
20
million
square
feet,
and
managed
an
additional
232
properties.
WPC,
incorporated
in
1996,
manages
net-leased
properties
on
behalf
of
four
real
estate
investment
trusts,
of
which
it
is
the
advisor
and
manager.
They
include
Corporate
Property
Associates
10,
Inc.,
Carey
Institutional
Properties,
Incorporated,
Corporate
Property
Associates
12,
Inc.
and
Corporate
Property
Associates
14,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | W.P.
Carey
and
Co..
LLC
is
a
real
estate
investment
company
that
acquires
and
owns
commercial
properties
leased
to
companies
nationwide,
primarily
on
a
triple
net
basis.
For
the
six
months
ended
6/30/01,
revenues
increased
35%
to
$67.6
million.
Net
income
totalled
$24.4
million,
vs.
a
loss
of
$20.4
million.
Revenues
reflect
higher
management
income
from
affiliates.
Earnings
also
reflect
the
absence
of
a
$38
million
charges
for
the
termination
of
management
contract. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Carey, 71 Chairman,
CEO | $327K | Gordon DuGan, 34 Pres,
Chief Acquisitions Officer | 2.0M | Francis Carey, 75 Vice
Chairman | 702K | John Park, 36 CFO,
Managing Director | -- | H. Augustus Carey, 43 Managing
Director, Sec. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|