NEW YORK, Dec. 11 /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) and Corporate Property Associates 14 Incorporated (CPA(R):14) announced today the cash distributions for each company for the fourth quarter of 2006, payable on January 15, 2007. * CPA(R):16 - Global's cash distribution increased to $0.001749 per day for each day of the period from and including October 1, 2006 through December 31, 2006, on which a shareholder was shareholder of record. * CPA(R):15's distribution increased to $0.1644 per share to shareholders of record as of December 31, 2006. * CPA(R):14's distribution amount is $0.002097 per day for each day of the period from and including October 1, 2006 through December 31, 2006, on which a shareholder was shareholder of record. CPA(R):14 will also pay a special cash distribution of $0.04 per share to shareholders of record on November 30, 2006 as a result of the sale of the property formerly leased to Etec Systems, Inc.. CPA(R):16 - Global, CPA(R):15 and CPA(R):14 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 94 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 Guy Lawrence 212-308-3333 Susan Hyde 212-492-1151 DATASOURCE: W. P. CAREY & CO. LLC CONTACT: MEDIA RELATIONS - Guy Lawrence, +1-212-308-3333, ; or INVESTOR RELATIONS - Susan Hyde, +1-212-492-1151, , both of W. P. CAREY & CO. LLC Web site: http://www.wpcarey.com/

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