W. P. Carey Announces Merger Agreement Between Two of Its CPA(R) REITs

NEW YORK, NY--(Marketwire - December 14, 2010) - W. P. Carey & Co. LLC (NYSE: WPC) announced today that two of the CPA^® REITs that the Company manages, CPA^®:14 and CPA^®:16 - Global, entered into a definitive agreement pursuant to which CPA^®:14 will merge with CPA^®:16 - Global. The merger is part of a set of proposed transactions by which CPA^®:14 will liquidate. Prior to the proposed merger, CPA^®:14 will sell joint venture interests in a total of six investments, valued at approximately $89.5 million plus the assumption of related debt, to the Company and CPA^®:17 - Global, which is also managed by the Company. In connection with the transactions contemplated by the merger, the Company will receive approximately $52.5 million from CPA^®:14 in disposition fees and termina

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