NEW YORK, March 19, 2018 /PRNewswire/ -- W. P. Carey
Inc. (NYSE:WPC), an internally-managed net lease real estate
investment trust, announced today that Robert J. Flanagan has been elected a director
of the company. Mr. Flanagan is President of Clark Enterprises
Inc., a private investment firm with a diversified portfolio of
holdings including real estate and private equity. As Managing
Director of CNF Investments LLC, its private equity division, he
serves on the boards of Brown Advisory, Svelte Medical Systems and
Vascular Therapies.
Mr. Flanagan is a member of the Board of Advisors of
Georgetown University's McDonough School of Business. As a board member
of the A. James & Alice B. Clark Foundation, which invests in
engineering education, veterans support and the Washington, DC community, he oversees the
vetting of organizations that provide substantive services to U.S.
military veterans and their families.
Mr. Flanagan previously served as Chairman of the Board of
Directors of Washington, DC's
Federal City Council, was a board member of two publicly traded
companies, Martek Biosciences Corporation and Sagent
Pharmaceuticals, and was Treasurer, Secretary and a member of the
Board of Directors of Baltimore Orioles, Inc.
Mr. Flanagan received a BS in Business Administration from
Georgetown University, an MS in
Taxation from the American University
School of Business and is a Certified Public Accountant licensed in
Washington, DC.
Commenting on the election of Mr. Flanagan, W. P. Carey Chief
Executive Officer Jason Fox noted:
"We are thrilled to welcome Bob to W. P. Carey's Board of
Directors. Bob brings an extensive real estate and management
background as well as a diverse range of board affiliations and
experience. In addition, his work with the A. James & Alice B.
Clark Foundation and commitment to philanthropy is consistent with
our core value of Doing Good While Doing Well®.
As one of today's largest diversified net lease REITs, I know we
will benefit from his valuable perspective and insights."
W. P. Carey Inc.
Celebrating its 45th anniversary, W. P. Carey Inc. is
a leading internally-managed net lease REIT that provides long-term
sale-leaseback and build-to-suit financing solutions primarily for
companies in the U.S. and Europe.
At December 31, 2017, the Company had an enterprise value of
approximately $11.5 billion. In
addition to its owned portfolio of diversified global real estate,
W. P. Carey manages a series of investment programs. Its
corporate finance-focused credit and real estate underwriting
process is a constant that has been successfully leveraged across a
wide variety of industries and property types. Furthermore, its
portfolio of long-term leases with creditworthy tenants has an
established history of generating stable cash flows, enabling it to
deliver consistent and rising dividend income to investors for over
four decades.
www.wpcarey.com
Institutional Investor contact:
Peter Sands
W. P. Carey Inc.
212-492-1110
institutionalir@wpcarey.com
Media contact:
Guy
Lawrence
Ross & Lawrence
212-308-3333
gblawrence@rosslawpr.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/w-p-carey-inc-appoints-robert-j-flanagan-to-board-of-directors-300615692.html
SOURCE W. P. Carey Inc.