DLA Piper advises W. P. Carey in its proposed US$2.7 billion acquisition of CPA:18
DLA Piper advised W. P. Carey Inc. (NYSE: WPC) in its proposed acquisition of Corporate Property Associates 18 – Global Incorporated (CPA:18), for approximately US$2.7 billion in cash and stock.
W. P. Carey is a leading net lease real estate investment trust with an enterprise value of US$22 billion, whose portfolio includes properties in high-quality single-tenant industrial, warehouse, office, retail and self-storage. Its acquisition of CPA:18 is currently expected to close during the third quarter.
“It was a pleasure working with W. P. Carey again on this strategic transaction and providing them with our team’s deep experience in complex REIT M&A transactions,” said Chris Giordano, Chair of DLA Piper’s New York Corporate practice, who led the firm’s team. “Now is a dynamic time for M&A in the REIT sector, and this transaction enhances W. P. Carey’s ability for future growth.”
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 12 consecutive years, according to Mergermarket.