W.P. Carey acquires Corporate Property Associates 16 Global

02/4/2014 | InvestmentNews (free registration)

Non-traded REIT Corporate Property Associates 16 Global has been acquired by W.P. Carey, which is publicly traded. CPA 16 controls $3.3 billion in assets, and the deal valued its shares at $11.25 apiece when it was originally announced over the summer. The deal may be a sign of the times, as liquidity events seem to have gotten more common for non-traded REITs in recent years.

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