NEW YORK, Sept. 21 /PRNewswire-FirstCall/ -- The Boards of Directors of Corporate Property Associates 16 - Global Incorporated (CPA(R):16 - Global), Corporate Property Associates 15 Incorporated (CPA(R):15), Corporate Property Associates 14 Incorporated (CPA(R):14) and Corporate Property Associates 12 Incorporated (CPA(R):12) announced today the distributions for each company for the third quarter of 2006. * CPA(R):16 - Global's distribution increased to $0.001740 per day for each day of the period from and including July 1, 2006 through September 30, 2006, on which a shareholder was shareholder of record. Distributions for the following CPA(R) funds are payable on October 13, 2006 to shareholders of record as of September 30, 2006. * CPA(R):15's distribution increased to $0.1634 per share. * CPA(R):14's distribution remained at $0.1929 per share. * CPA(R):12's distribution remained at $0.2067 per share. CPA(R):16 - Global, CPA(R):15, CPA(R):14 and CPA(R):12 are members of the W.P. Carey Group, which is one of the largest providers of net lease financing for corporations worldwide. The Group owns more than 700 commercial and industrial properties in 13 countries, representing approximately 93 million square feet, valued at approximately $8 billion. This press release contains forward-looking statements within the meaning of the Federal securities laws. A number of factors could cause the company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for commercial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the company, reference is made to the company's filings with the Securities and Exchange Commission. MEDIA RELATIONS INVESTOR RELATIONS Heather Bentley 212-492-8992 Susan Hyde 212-492-1151 DATASOURCE: W.P. Carey & Co. LLC CONTACT: Media, Heather Bentley, +1-212-492-8992, , or Investor, Susan Hyde, +1-212-492-1151, , both of W. P. Carey & Co. LLC Web site: http://www.wpcarey.com/

Copyright