The merger between W.P. Carey and its non-traded REIT affiliate, Corporate Property Associates 16 - Global, will increase the company’s size and portfolio diversification, says Trevor Bond, CEO and president of W.P. Carey. "Because W.P. Carey originated and has managed CPA:16’s portfolio for several years, we know it well. We know the joint venture assets and the European assets. Because of these and other factors we were able to bid in confidence." The merger is valued at $4 billion.