8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 6, 2009

W. P. CAREY & CO. LLC
(Exact name of registrant as specified in its charter)

Delaware	001-13779	13-3912578
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

50 Rockefeller Plaza, New York, NY	10020
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (212) 492-1100

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 Regulation FD Disclosure.

On November 6, 2009, the registrant made available supplemental information, the “Supplemental Operating and Financial Data,” concerning its operations and portfolio as of September 30, 2009. A copy of this supplemental information is attached as Exhibit 99.1.

The information furnished pursuant to this “Item 7.01 Regulation FD Disclosure,” including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act, regardless of any general incorporation language in such filing.

ITEM 9.01 Financial Statements and Exhibits.

Exhibit 99.1 Supplemental Operating and Financial Data of the registrant as of September 30, 2009.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

W. P. Carey & Co. LLC

Date: November 6, 2009

By: /s/ Mark J. DeCesaris                        
       Mark J. DeCesaris
       Managing Director and
       Acting Chief Financial Officer

EX-99.1

EXHIBIT 99.1

W. P. Carey & Co. LLC

Supplemental Operating and Financial Data

As of September 30, 2009

Important Disclosures About this Supplemental Package

As used in this supplemental package, the terms “the Company,” “we,” “us” and “our” include W. P. Carey & Co. LLC, its consolidated subsidiaries and predecessors, unless otherwise indicated.

Important Note Regarding Non-GAAP Financial Measures

This supplemental package includes non-GAAP financial measures, including earnings before interest, taxes, depreciation and amortization (“EBITDA”), funds from operations (“FFO”), adjusted cash flow from operating activities and revenue stability analysis. A description of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures are provided in this supplemental package.

Forward-Looking Statements

This supplemental package contains forward-looking statements within the meaning of the Federal securities laws. It is important to note that our actual results could be materially different from those projected in such forward-looking statements. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties and other factors that may materially affect our future results, performance, achievements or transactions. Information on factors which could impact actual results and forward-looking statements contained herein is included in our filings with the SEC, including but not limited to our Form 10-K for the year ended December 31, 2008. We do not undertake to revise or update any forward-looking statements.

2

W. P. CAREY & CO. LLC
Supplemental Operating and Financial Data
As of September 30, 2009

Contents

Company Overview	4
Financial Highlights	5
Reconciliation of Net Income to EBITDA	6
Reconciliation of Net Income to Funds From Operations (FFO)	7
Adjusted Cash Flow from Operating Activities	8
Revenue Stability Analysis	9
Portfolio Debt Overview	10
Detailed Debt Summary	11
2009 Investment and Disposition Activity	13
Portfolio Analysis — Rent Contribution and Historical Occupancy	14
Portfolio Diversification Analysis by Property Type	15
Portfolio Diversification Analysis by Tenant Industry	16
Portfolio Diversification Analysis by Geography	17
Portfolio Lease Maturity Analysis	18
Consolidated Balance Sheets	19
Consolidated Statements of Income	20
Consolidated Statements of Cash Flows	21
Detailed Property Summary	22

3

W. P. CAREY & CO. LLC
Company Overview
September 30, 2009

Key Company Contacts		Executive Offices
Wm. Polk Carey	Chairman of the Board and Director	50 Rockefeller Plaza
Gordon F. Dugan	President, Chief Executive Officer and Director	New York, NY 10020
Thomas E. Zacharias	Managing Director, Chief Operating Officer	Tel: 1-800-WPCAREY or (212) 492-1100
Mark J. DeCesaris	Managing Director, Acting Chief Financial Officer	Fax: (212) 492-8922
Susan C. Hyde	Managing Director, Director of Investor Relations	Web Site Address: www.wpcarey.com
Banks
Bank of America, N.A.	Administrative and Documentation Agent
The Bank of New York	Syndication Agent
JPMorgan Chase Bank, N.A.	Syndication Agent
PNC Bank, N.A.	Syndication Agent
Analyst Coverage
David West	Davenport & Company, LLC
Andrew T. DiZio	Janney Montgomery Scott LLC

	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter
Stock Data (NYSE: WPC)	2009			2009			2009			2008			2008
High Price	$	30.67		$	29.89		$	24.00		$	27.05		$	31.08
Low Price	$	22.50		$	19.75		$	16.15		$	16.50		$	23.44
Closing Price	$	28.31		$	24.98		$	22.19		$	23.43		$	26.10
Distributions declared per share — annualized	$	2.00		$	1.99		$	1.98		$	1.98		$	1.97
Distribution yield (annualized distribution / closing stock price)		7.06	%		7.97	%		8.94	%		8.43	%		7.54	%
Shares outstanding at quarter end		39,193,174			39,158,020			39,117,568			39,589,594			40,024,035
Market value of outstanding shares at quarter end (in thousands)	$	1,109,559		$	978,167		$	868,019		$	927,584		$	1,044,627

4

W. P. CAREY & CO. LLC
Financial Highlights
(in thousands, except per share amounts)

These financial highlights include non-GAAP financial measures, including earnings before interest, taxes, depreciation and amortization (“EBITDA”), funds from operations (“FFO”) and adjusted cash flow from operating activities. A description of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures is provided on the following pages.

	Three months ended										Nine months ended September 30,
	September 30, 2009		June 30, 2009		March 31, 2009		December 31, 2008		September 30, 2008		2009			2008
EBITDA
Investment management	$	11,789	$	10,430	$	13,694	$	13,079	$	18,207	$	35,287		$	48,726
Real estate ownership		17,412		19,365		20,266		23,238		18,229		56,791			61,170
Total	$	29,201	$	29,795	$	33,960	$	36,317	$	36,436	$	92,078		$	109,896
FFO
Investment management	$	12,788	$	11,627	$	13,704	$	11,415	$	17,579	$	38,748		$	37,704
Real estate ownership		17,445		18,486		15,153		22,412		15,963		50,455			52,919
Total	$	30,233	$	30,113	$	28,857	$	33,827	$	33,542	$	89,203		$	90,623
EBITDA Per Share (Diluted)
Investment management	$	0.29	$	0.26	$	0.34	$	0.32	$	0.45	$	0.89		$	1.21
Real estate ownership		0.43		0.48		0.51		0.58		0.45		1.43			1.52
Total	$	0.72	$	0.74	$	0.85	$	0.90	$	0.90	$	2.32		$	2.73
FFO Per Share (Diluted)
Investment management	$	0.32	$	0.29	$	0.34	$	0.28	$	0.43	$	0.97		$	0.94
Real estate ownership		0.43		0.46		0.38		0.56		0.40		1.27			1.31
Total	$	0.75	$	0.75	$	0.72	$	0.84	$	0.83	$	2.24		$	2.25
Adjusted Cash Flow From Operating Activities
Adjusted cash flow											$	71,300		$	70,081
Adjusted cash flow per share (diluted)											$	1.79		$	1.74
Distributions declared per share											$	1.494		$	1.461
Payout ratio (distributions per share/adjusted cash flow per share)												83	%		84	%

5

W. P. CAREY & CO. LLC
Reconciliation of Net Income to EBITDA
(in thousands, except share and per share amounts)

	Three months ended												Nine months ended September 30,
	September 30, 2009		June 30, 2009		March 31, 2009		December 31, 2008			September 30, 2008			2009		2008
Investment Management
Net income from investment management attributable to W. P. Carey members	$	5,059	$	5,954	$	7,331	$	9,603		$	11,201		$	17,718	$	25,255
Adjustments:
Provision for income taxes		5,606		3,440		5,765		2,246			5,846			14,811		20,186
Depreciation and amortization		1,124		1,036		598		1,230			1,160			2,758		3,285
EBITDA — investment management	$	11,789	$	10,430	$	13,694	$	13,079		$	18,207		$	35,287	$	48,726
EBITDA per share (diluted)	$	0.29	$	0.26	$	0.34	$	0.32		$	0.45		$	0.89	$	1.21
Real Estate Ownership
Net income from real estate ownership attributable to W. P. Carey members	$	8,292	$	9,023	$	10,378	$	12,297		$	7,997		$	28,319	$	30,892
Adjustments:
Interest expense		3,889		3,923		4,329		4,710			5,004			11,600		14,579
Provision for (benefit from) income taxes		412		280		435		870			(7	)		1,127		219
Depreciation and amortization		4,812		6,084		5,085		5,669			5,133			15,590		15,175
Reconciling items attributable to discontinued operations		7		55		39		(308	)		102			155		305
EBITDA — real estate ownership	$	17,412	$	19,365	$	20,266	$	23,238		$	18,229		$	56,791	$	61,170
EBITDA per share (diluted)	$	0.43	$	0.48	$	0.51	$	0.58		$	0.45		$	1.43	$	1.52
Total Company
EBITDA	$	29,201	$	29,795	$	33,960	$	36,317		$	36,436		$	92,078	$	109,896
EBITDA per share (diluted)	$	0.72	$	0.74	$	0.85	$	0.90		$	0.90		$	2.32	$	2.73
Diluted weighted average shares outstanding		40,368,946		40,065,495		39,927,886		40,466,930			40,299,073			39,770,196		40,293,094

Non-GAAP Financial Disclosure

EBITDA as disclosed represents earnings before interest, taxes, depreciation and amortization. We believe that EBITDA is a useful supplemental measure for assessing the performance of our business segments, although it does not represent net income that is computed in accordance with GAAP. Accordingly, EBITDA should not be considered an alternative for net income as an indicator of our financial performance. EBITDA may not be comparable to similarly titled measures of other companies.

6

W. P. CAREY & CO. LLC
Reconciliation of Net Income to Funds From Operations (FFO)
(in thousands, except share and per share amounts)

	Three months ended															Nine months ended September 30,
	September 30, 2009			June 30, 2009			March 31, 2009			December 31, 2008			September 30, 2008			2009			2008
Investment Management
Net income from investment management attributable to W. P. Carey members	$	5,059		$	5,954		$	7,331		$	9,603		$	11,201		$	17,718		$	25,255
Amortization, deferred taxes and other non-cash charges		1,247			2,607			1,312			(1,283	)		2,290			5,166			3,777
FFO from equity investments		6,482			3,066			5,061			3,095			4,088			15,864			8,672
FFO — investment management	$	12,788		$	11,627		$	13,704		$	11,415		$	17,579		$	38,748		$	37,704
FFO per share (diluted)	$	0.32		$	0.29		$	0.34		$	0.28		$	0.43		$	0.97		$	0.94
Real Estate Ownership
Net income from real estate ownership attributable to W. P. Carey members	$	8,292		$	9,023		$	10,378		$	12,297		$	7,997		$	28,319		$	30,892
Gain on sale of investment in direct financing lease		—			—			—			—			(1,103	)		—			(1,103	)
(Gain) loss on sale of real estate, net		—			(478	)		135			—			—			(343	)		—
Gain on extinguishment of debt, net (a)		—			—			(2,796	)		—			—			(2,796	)		—
Depreciation, amortization and other non-cash charges		4,189			5,174			5,174			7,594			6,764			14,537			15,714
Straight-line and other rent adjustments		396			232			180			172			(613	)		808			715
Impairment charges		2,390			2,280			—			473			538			4,670			538
FFO from equity investments		2,274			2,411			2,257			2,039			2,551			5,687			6,679
Noncontrolling interests’ share of FFO		(96	)		(156	)		(175	)		(163	)		(171	)		(427	)		(516	)
FFO — real estate ownership	$	17,445		$	18,486		$	15,153		$	22,412		$	15,963		$	50,455		$	52,919
FFO per share (diluted)	$	0.43		$	0.46		$	0.38		$	0.56		$	0.40		$	1.27		$	1.31
Total Company
FFO	$	30,233		$	30,113		$	28,857		$	33,827		$	33,542		$	89,203		$	90,623
FFO per share (diluted)	$	0.75		$	0.75		$	0.72		$	0.84		$	0.83		$	2.24		$	2.25
Diluted weighted average shares outstanding		40,368,946			40,065,495			39,927,886			40,466,930			40,299,073			39,770,196			40,293,094

Non-GAAP Financial Disclosure

Funds from operations (FFO) is a non-GAAP financial measure that is commonly used in evaluating real estate companies. Although the National Association of Real Estate Investment Trusts (NAREIT) has published a definition of FFO, real estate companies often modify this definition as they seek to provide financial measures that meaningfully reflect their operations. FFO should not be considered as an alternative to net income as an indication of a company’s operating performance or to cash flow from operating activities as a measure of its liquidity. It should be used in conjunction with GAAP net income. FFO disclosed by other REITs may not be comparable to our FFO calculation.

NAREIT’s definition of FFO adjusts GAAP net income to exclude depreciation and gains/losses from the sales of properties and adjusts for FFO applicable to unconsolidated partnerships and joint ventures. We calculate FFO in accordance with this definition and then include other adjustments to GAAP net income to adjust for certain non-cash charges such as amortization of intangibles, deferred income tax benefits and expenses, straight-line rents, stock compensation, impairment charges on real estate and unrealized foreign currency exchange gains and losses. We exclude these items from GAAP net income as they are not the primary drivers in our decision making process. Our assessment of our operations is focused on long term sustainability and not on such non-cash items which may cause short-term fluctuations in net income but that have no impact on cash flows.

(a) In January 2009, Carey Storage repaid, in full, the $35 million outstanding balance on its secured credit facility for $28 million and recognized a gain of $7 million on the repayment of this debt at a discount, inclusive of profit sharing interest of $4.2 million.

7

W. P. CAREY & CO. LLC
Adjusted Cash Flow from Operating Activities
(in thousands, except share and per share amounts)

	Nine months ended September 30,
	2009			2008
Cash flow from operating activities — as reported	$	49,383		$	47,492
Adjustments:
Distributions received from equity investments in real estate in excess of equity income (a)		15,285			7,265
Contributions received from noncontrolling interests, net (b)		(382	)		—
Changes in working capital (c)		7,014			6,603
CPA®:16 — Global performance adjustment, net (d)		—			(12,291	)
Settlement payment (e)		—			21,012
Adjusted cash flow from operating activities	$	71,300		$	70,081
Adjusted cash flow per share (diluted)	$	1.79		$	1.74
Distributions declared per share	$	1.494		$	1.461
Payout ratio (distributions per share/adjusted cash flow per share)		83	%		84	%
Diluted weighted average shares outstanding		39,770,196			40,293,094

Non-GAAP Financial Disclosure

Adjusted cash flow from operating activities is a non-GAAP financial measure that represents cash flow from operating activities on a GAAP basis adjusted for certain timing differences and deferrals as described below. We believe that adjusted cash flow from operating activities is a useful supplemental measure for assessing the cash flow generated from our core operations and is used in evaluating distributions to shareholders. Adjusted cash flow from operating activities should not be considered as an alternative for cash flow from operating activities computed on a GAAP basis as a measure of our liquidity. Adjusted cash flow from operating activities may not be comparable to similarly titled measures of other companies.

(a)	We take a substantial portion of our asset management revenue in shares of the CPA® REIT funds. To the extent we receive distributions in excess of the equity income that we recognize, we include such amounts in our evaluation of cash flow from core operations.
(b)	Represents noncontrolling interests’ share of contributions/distributions made by ventures that we consolidate in our financial statements. This adjustment in the calculation of adjusted cash flow from operating activities was introduced during the fourth quarter of 2008 because we believe that it results in a more accurate presentation of this supplemental measure.
(c)	Timing differences arising from the payment of certain liabilities in a period other than that in which the expense is recognized in determining net income may distort the actual cash flow that our core operations generate. We adjust our GAAP cash flow from operating activities to record such amounts in the period in which the liability was actually incurred. We believe this is a fairer measure of determining our cash flow from core operations.
(d)	Amounts deferred in lieu of CPA®:16 — Global achieving its performance criterion, net of a 45% tax provision. In determining cash flow generated from our core operations, we believe it is more appropriate to normalize cash flow for the impact of CPA®:16 — Global achieving its performance criterion, rather than recognizing the entire deferred amount in the quarter in which the performance criterion was met (second quarter of 2007), as this revenue was actually earned over a three-year period.
(e)	In March 2008, we entered into a settlement with the SEC with respect to all matters relating to their investigation. As a result, we paid $30 million in the first quarter of 2008 and recognized an offsetting $9 million tax benefit in the same period.

8

W. P. CAREY & CO. LLC
Revenue Stability Analysis (Pro rata basis)
(in thousands)

	Three months ended																														Nine months ended September 30,
	September 30, 2009						June 30, 2009						March 31, 2009						December 31, 2008						September 30, 2008						2009						2008
	Revenue			%			Revenue			%			Revenue			%			Revenue			%			Revenue			%			Revenue			%			Revenue			%
Asset management revenues	$	19,106			37	%	$	19,227			39	%	$	19,108			34	%	$	20,344			36	%	$	20,205			34	%	$	57,441			35	%	$	60,370			37	%
Pro rata net lease revenues		27,605			53	%		29,747			60	%		27,286			48	%		34,042			59	%		27,999			48	%		88,281			55	%		83,492			52	%
		46,711			90	%		48,974			99	%		46,394			82	%		54,386			95	%		48,204			82	%		145,722			90	%		143,862			89	%
Structuring revenue (a)		5,476			10	%		365			1	%		10,409			18	%		2,833			5	%		10,818			18	%		16,250			10	%		17,403			11	%
Total Adjusted Revenue	$	52,187			100	%	$	49,339			100	%	$	56,803			100	%	$	57,219			100	%	$	59,022			100	%	$	161,972			100	%	$	161,265			100	%
Reconciliation of Total Adjusted Revenue
Total revenue — as reported	$	61,170					$	55,426					$	62,135					$	61,758					$	66,493					$	176,226					$	182,115
Less: Reimbursed costs from affiliates (b)		(13,503	)					(11,115	)					(9,874	)					(8,430	)					(11,303	)					(33,747	)					(32,749	)
Less: Wholesaling revenue		(1,869	)					(1,597	)					(1,093	)					(984	)					(1,517	)					(4,426	)					(4,145	)
Add: Pro rata share of revenues from equity investments		7,429						7,589						6,559						5,741						6,240						20,992						18,740
Less: Pro rata share of revenues due to noncontrolling interests		(1,040	)					(964	)					(924	)					(866	)					(891	)					2,927						(2,696	)
Total Adjusted Revenue	$	52,187					$	49,339					$	56,803					$	57,219					$	59,022					$	161,972					$	161,265
Reconciliation of Total Pro Rata Net Lease Revenues
Lease revenues — as reported	$	17,448					$	18,473					$	18,391					$	18,745					$	18,816					$	52,690					$	57,187
Add: Pro rata share of revenues from equity investments		7,429						7,589						6,559						5,741						6,240						20,992						18,740
Less: Pro rata share of revenues due to noncontrolling interests		(1,040	)					(964	)					(924	)					(866	)					(891	)					2,927						(2,696	)
Add: Other real estate income (c)		3,768						4,649						3,260						10,422						3,834						11,672						10,261
Total Pro Rata Net Lease Revenues	$	27,605					$	29,747					$	27,286					$	34,042					$	27,999					$	88,281					$	83,492

Non-GAAP Financial Disclosure

Total adjusted revenue is a non-GAAP financial measure that represents revenues on a GAAP basis adjusted for our pro rata share of revenues from equity investments as well as the pro rata share of revenues due to noncontrolling interests. We believe that total adjusted revenue is a useful supplemental measure of revenues from our core operations and is used in evaluating the stability of the underlying revenue streams. Total adjusted revenue should not be considered as an alternative for revenues computed on a GAAP basis as a measure of our profitability. Total adjusted revenue may not be comparable to similarly titled measures of other companies.

(a)	We earn structuring revenue on acquisitions structured on behalf of the CPA® REITs and expect significant period-to-period variation in such revenue based on changes in investment volume. Investments structured on behalf of the CPA® REITs totaled approximately $121 million, $2 million, $231 million, $53 million and $259 million for the three months ended September 30, 2009, June 30, 2009, March 31, 2009, December 31, 2008 and September 30, 2008, respectively.
(b)	Total adjusted revenue excludes reimbursements of costs received from affiliated CPA® REITs as they have no impact on net income. Also excluded is wholesaling revenue earned in connection with CPA®: 17 — Global’s initial public offering, which is primarily offset by underwriting costs incurred in connection with the offering.
(c)	Other real estate income generally consists of revenue from Carey Storage, a subsidiary that invests in domestic self-storage properties, and Livho, a subsidiary that operates a Radisson hotel franchise. Other real estate income also includes lease termination payments and other non-rent related revenues from real estate ownership, and as a result, we expect Other real estate income to fluctuate period-to-period. For the three months ended December 31, 2008, Other real estate income included a $6.5 million gain recognized on a lease termination in October 2008.

9

W. P. CAREY & CO. LLC
Portfolio Debt Overview (Pro rata basis)
As of September 30, 2009
(in thousands)

Portfolio Debt Maturity

Year of Maturity	Outstanding Balance
2009	$	5,000
2010		8,893
2011		150,362
2012		31,283
2013		1,783
2014		91,718
2015		47,753
2016		35,910
2017		52,479
2018		9,491
2019		25,231
2020		—
2021		—
2022		—
2023		5,423
Total	$	465,326

Fixed and Variable Rate Debt Analysis

Non-Recourse Debt	Outstanding Balance
Fixed	$	226,179
Fixed — Future Rate Reset		74,266
Fixed — Capped		36,222
Fixed — Swap Agreement		9,491
Variable		19,168
		365,326
Recourse Debt
Variable — Line of Credit		100,000
Total Debt	$	465,326

Debt Maturity Analysis

10

W. P. CAREY & CO. LLC
Detailed Debt Summary (Pro rata basis)
As of September 30, 2009
(in thousands)

		Current
Tenant/Lease Guarantor / Percent Ownership	Rate Type	Interest Rate			Maturity Date	Outstanding Balance
Billipp Portfolio (a)	Variable		1.57	%	Dec-2009	$	5,000
Bell South Corporation	Fixed		8.11	%	Jan-2010		2,342
Hibbett Sports	Fixed		7.50	%	Apr-2010		4,495
Daimler Trucks North America LLC	Fixed		7.96	%	Jun-2010		2,056
Federal Express Corporation (40%)	Fixed		7.50	%	Jan-2011		16,051
AutoZone, Inc. — Series A	Fixed		6.85	%	Jan-2011		665
Childtime Childcare, Inc. (34%)	Fixed		7.50	%	Jan-2011		2,206
Information Resources, Inc. (33%)	Fixed		7.60	%	Jan-2011		7,349
Pioneer Credit Recovery, Inc.	Fixed		7.34	%	Jan-2011		5,407
AutoZone, Inc. — Series B	Fixed		6.85	%	Feb-2011		1,060
Career Education Corporation	Fixed		7.58	%	Jun-2011		6,738
24 Hour Fitness USA, Inc.	Fixed		7.50	%	Aug-2011		2,871
Sprint Spectrum, LP	Fixed		7.64	%	Aug-2011		8,015
Qwest Communications, Inc.	Fixed		7.50	%	Jun-2012		1,394
AutoZone, Inc. — Series C	Fixed		6.85	%	Aug-2012		624
BE Aerospace, Inc.	Fixed		6.11	%	Nov-2012		8,357
Faurecia Exhaust Systems, Inc.	Fixed		5.16	%	Nov-2012		2,461
Anthony’s Manufacturing Company	Fixed		5.11	%	Nov-2012		8,535
Alstom Power, Inc. and Werner Co.	Fixed		5.18	%	Dec-2012		9,912
AutoZone, Inc. — Series D	Fixed		6.85	%	Aug-2013		1,783
US Airways Group, Inc. (75%)	Fixed - Capped		4.26	%	Apr-2014		14,966
The New York Times Company (17.75%)	Fixed - Capped		5.11	%	Sep-2014		21,256
Carrefour France, SAS (46%) (b)	Fixed - Future Rate Reset		5.55	%	Dec-2014		55,496
Lowe’s Home Improvement Warehouse	Fixed		4.87	%	Sep-2015		9,081
Bouygues Telecom, S.A. (Tours) (95%) (b)	Fixed - Future Rate Reset		3.86	%	Oct-2015		7,456
The American Bottling Company	Fixed		5.13	%	Nov-2015		31,216
CheckFree Holdings, Inc. (50%)	Fixed		6.18	%	Jun-2016		14,794
Bouygues Telecom, S.A. (Illkirch-Graffenstaden) (75%) (b) (c)	Variable		5.01	%	Oct-2016		14,168
Consolidated Systems, Inc. (60%)	Fixed		5.87	%	Nov-2016		6,948
Hellweg Die Profi-Baumärkte GmbH & Co KG (5%) (b)	Fixed		5.49	%	Jan-2017		15,496
Amylin Pharmaceuticals, Inc. (formerly Sicor, Inc.) (50%)	Fixed		6.20	%	Jul-2017		17,675
Medica France, S.A. (46%) (b)	Fixed		5.63	%	Oct-2017		19,308

11

W. P. CAREY & CO. LLC
Detailed Debt Summary (Pro rata basis)
As of September 30, 2009
(in thousands)

		Current
Tenant/Lease Guarantor / Percent Ownership	Rate Type	Interest Rate			Maturity Date	Outstanding Balance
OBI Wroclaw (b)	Fixed - Swap		5.48	%	Mar-2018	$	9,491
Self-Storage Portfolio (40%) (c)	Fixed - Future Rate Reset		7.03	%	Feb-2019/Mar-2019		11,314
Orbital Sciences Corporation	Fixed		7.75	%	Jun-2019		13,917
Hologic, Inc. (36%)	Fixed		6.40	%	May-2023		5,423
Total Non-Recourse Debt			5.84	%(c)		$	365,326
Unsecured Line of Credit	Variable		1.06	%	Jun-2011		100,000
Total Debt			4.82	%(c)		$	465,326

(a)	Loan was extended for one year in December 2008. There is an additional one-year extension option on this loan.
(b)	Debt balance calculated using an exchange rate of 1.4592 USD/EUR as of September 30, 2009.
(c)	Reflects weighted average interest rate for the applicable debt.

12

W. P. CAREY & CO. LLC
2009 Investment and Disposition Activity
As of September 30, 2009
(in thousands, except square footage)

Investment Activity

Investment Management Activity — Real Estate

Portfolio	Tenant/Lease Guarantor	Property Location(s)	Purchase Price		Closing Date	Property Type	Gross Square Footage
CPA®:17 – Global	Kronos Products, Inc. (a)	Glendale Heights, IL	$	32,862	Jan-09	Industrial		207,778
CPA®:17 – Global (55%), CPA®:16 – Global (27.25%)	The New York Times Company	New York, NY		193,783	Mar-09	Office		616,875
CPA®:16 – Global	Holopack International Corp. (b)	Columbia, SC		5,080	Mar-09	Industrial	BTS
CPA®:14	Silgan Containers Manufacturing Corporation	Fort Dodge, IA		2,513	Apr-09	Industrial		40,500
CPA®:16 – Global (51%), CPA®:17 – Global (49%)	Tesco Plc	Gyal and Herceghalom, Hungary		93,606	Jul-09	Warehouse/Distribution		998,032
CPA®:17 – Global	National Express Limited (b)	Birmingham, United Kingdom		27,516	Sep-09	Other - Transportation	BTS
Total Investment Management Acquisitions				355,360				1,863,185
Principal Activity
WPC LLC (17.75%)	The New York Times Company	New York, NY		39,937	Mar-09	Office		133,125
Total Acquisitions			$	395,297				1,996,310

Disposition Activity

Investment Management Activity

					Disposition
Portfolio(s)	Tenant/Lease Guarantor	Property Location(s)	Gross Sale Price		Date	Property Type	Gross Square Footage
CPA®:14	Moonlight Molds	Gardena, CA	$	3,850	Feb-09	Industrial		87,693
CPA®:15	American Pad & Paper LLC	Holyoke, MA		4,250	Mar-09	Industrial		267,640
CPA®:14	Career Education Corporation	Allentown, PA		27,500	May-09	Office		92,782
CPA®:16 – Global	Holopack International Corp.	Columbia, SC		50,681	Jul-09	Industrial		99,691
CPA®:15 (65%), CPA®:16 – Global (35%)	Thales S.A.	various locations throughout France		52,154	Jul-09	Office		744,745
CPA®:16 – Global	MetalsAmerica, Inc.	Shelby, NC		1,300	Aug-09	Industrial		169,916
Total Investment Management Dispositions				139,735				1,462,467
Principal Activity
WPC LLC	Self-Storage Portfolio Interest (c)	Various locations throughout the U.S.		21,900	Jan-09	Self-Storage		554,063
WPC LLC	PPD Development, L.P.	Austin, TX		2,050	Mar-09	Industrial		26,594
WPC LLC	The Roof Center, Inc.	Manassas, VA		1,913	Apr-09	Industrial		60,446
WPC LLC	Tranco Logistics LLC	Chattanooga, TN		3,250	Jul-09	Industrial		242,317
Total Principal Dispositions				29,113				883,420
Total Dispositions			$	168,848				2,345,887

(a)	Includes CPA®:17 — Global’s commitment to renovate the facility at a total cost of approximately $17.5 million, of which approximately $10.2 million was funded as of September 30, 2009.
(b)	Acquisition includes a build-to-suit transaction.
(c)	In January 2009, Carey Storage, a subsidiary of W. P. Carey & Co. LLC, completed a transaction with a third party, whereby Carey Storage received cash proceeds of $21.9 million plus a commitment to invest up to a further $8.1 million of equity to fund the purchase of self-storage assets in the future, in exchange for a 60% interest in its self-storage portfolio of 13 properties. Square footage reflects net rentable square feet as of March 31, 2009 for the pro rata interest of the portfolio sold.

13

W. P. CAREY & CO. LLC
Portfolio Analysis — Diversification by Rent and Historical Occupancy (Pro rata basis)
As of September 30, 2009
(in thousands)

Portfolio Diversification by Rent (Pro rata basis)

			Percentage of
Top Ten Tenants/Lease Guarantors	Annualized Rent		Total Annualized Rent
Carrefour France, SAS	$	8,358		8	%
Bouygues Telecom, S.A. (France)		5,441		5	%
The American Bottling Company		4,842		5	%
Daimler Trucks North America LLC		4,634		5	%
The New York Times Company		4,293		4	%
U.S. Airways Group, Inc.		3,171		3	%
Federal Express Corporation		3,108		3	%
Medica – France, S.A		3,008		3	%
Orbital Sciences Corporation		2,771		3	%
Titan Corporation		2,707		3	%
Total	$	42,333

W. P. Carey & Co. LLC Historical Occupancy

(a) Percentage of the portfolio’s total pro rata square footage that was subject to lease.

14

W. P. CAREY & CO. LLC
Portfolio Analysis — Diversification by Property Type (Pro rata basis)
As of September 30, 2009
(in thousands)

Property Type	Square Footage		Percent
Industrial		7,851		47	%
Warehouse/Distribution		5,106		30	%
Office		2,129		13	%
Retail		1,125		7	%
Other Properties (a)		363		2	%
Hospitality		158		1	%
Total (b)		16,732		100	%

Portfolio Diversification by Property Type
(based on square footage)

Property Type	Annualized Rent		Percent
Industrial	$	34,699		34	%
Office		33,464		33	%
Warehouse/Distribution (a)		19,163		19	%
Other Properties		6,430		6	%
Retail		5,952		6	%
Hospitality		1,500		2	%
Total (b)	$	101,208		100	%

Portfolio Diversification by Property Type
(based on annualized rent)

(a)	Reflects properties used for health care; education, child care and social services; leisure, amusement and recreation; unoccupied land.
(b)	Excludes the 13 domestic self-storage properties held by an entity that is 40% owned by our subsidiary, Carey Storage, totaling approximately 0.4 million square feet.

15

W. P. CAREY & CO. LLC
Portfolio Analysis — Diversification by Tenant Industry (Pro rata basis)
As of September 30, 2009
(in thousands)

Industry Type (a)	Annualized Rent		Percent
Retail Trade	$	15,294		15	%
Telecommunications		11,199		11	%
Business and Commercial Services		11,049		11	%
Healthcare, Education and Childcare		9,258		9	%
Media: Printing and Publishing		7,050		7	%
Electronics		6,659		7	%
Automobile		5,319		5	%
Beverages, Food, and Tobacco		5,261		5	%
Forest Products and Paper		4,605		5	%
Aerospace and Defense		4,403		4	%
Transportation — Personal		3,355		3	%
Machinery		3,147		3	%
Transportation — Cargo		3,133		3	%
Mining, Metals, and Primary Metal Industries		1,860		2	%
Chemicals, Plastics, Rubber, and Glass		1,813		2	%
Hotels and Gaming		1,510		2	%
Consumer and Durable Goods		1,386		1	%
Federal, State and Local Government		1,170		1	%
Textiles, Leather, and Apparel		1,007		1	%
Other (b)		2,730		3	%
Total (c)	$	101,208		100	%

(a)	Based on the Moody’s Classification System and information provided by the tenant.
(b)	Includes revenue from tenants in the following industries: leisure, amusement, entertainment (1%), construction and building (1%), consumer non-durable goods (0.5%) and grocery (0.5%).
(c)	Excludes the 13 domestic self-storage properties held by an entity that is 40% owned by our subsidiary, Carey Storage, totaling approximately 0.4 million square feet.

16

W. P. CAREY & CO. LLC
Portfolio Analysis — Diversification by Geography (Pro rata basis)
As of September 30, 2009
(in thousands)

Region	Square Footage		Percent
United States
South		4,749		29	%
Midwest		4,557		27	%
East		3,044		18	%
West		2,338		14	%
		14,688		88	%
International
Europe		2,044		12	%
Total (b)		16,732		100	%

Portfolio Diversification by Geography
(based on square footage)

Region	Annualized Rent		Percent
United States
South	$	27,520		27	%
West		21,041		21	%
Midwest		17,863		18	%
East		14,470		14	%
		80,894		80	%
International
Europe (a)		20,314		20	%
Total (b)	$	101,208		100	%

Portfolio Diversification by Geography
(based on annualized rent)

(a)	Includes revenue from tenants in the following countries: France (17%), Germany (2%) and Poland (1%).
(b)	Excludes the 13 domestic self-storage properties held by an entity that is 40% owned by our subsidiary, Carey Storage, totaling approximately 0.4 million square feet.

17

W. P. CAREY & CO. LLC
Portfolio Analysis — Lease Maturities (Pro rata basis)
As of September 30, 2009
(in thousands)

			Percentage of
Year of Lease	Annualized		Total Annualized
Expiration (a)	Rent		Rent
2009(b)	$	2,215		2	%
2010		13,457		13	%
2011		10,436		10	%
2012		8,607		9	%
2013		7,980		8	%
2014		10,947		11	%
2015		9,718		10	%
2016		1,720		2	%
2017		6,031		6	%
2018		4,194		4	%
2019		7,280		7	%
2020		5,202		5	%
2021		3,008		3	%
2022		1,657		2	%
2023		—		0	%
2024		4,293		4	%
2025		1,053		1	%
2026		948		1	%
2027		2,462		2	%
Total (c)	$	101,208		100	%

Weighted Average Years to Maturity: 6.14

(a)	Assumes tenant does not exercise renewal option.
(b)	Month-to-month properties are counted in 2009 revenue stream.
(c)	Excludes the 13 domestic self-storage properties held by an entity that is 40% owned by our subsidiary, Carey Storage, totaling approximately 0.4 million square feet.

18

W. P. CAREY & CO. LLC
Consolidated Balance Sheets
(in thousands, except share amounts)

	September 30, 2009			December 31, 2008
				(NOTE)
Assets
Investments in real estate:
Real estate, at cost	$	567,622		$	603,044
Operating real estate, at cost		85,808			84,547
Accumulated depreciation		(118,268	)		(113,262	)
Net investments in properties		535,162			574,329
Net investment in direct financing leases		83,077			83,792
Equity investments in real estate and CPA® REITs		304,406			260,620
Net investments in real estate		922,645			918,741
Cash and cash equivalents		19,008			16,799
Due from affiliates		34,133			53,423
Intangible assets and goodwill, net		86,990			93,398
Other assets, net		33,963			28,775
Total assets	$	1,096,739		$	1,111,136
Liabilities and Equity
Liabilities:
Non-recourse debt	$	220,021		$	245,874
Line of credit		100,000			81,000
Accounts payable, accrued expenses and other liabilities		48,032			42,323
Income taxes, net		50,445			58,011
Distributions payable		19,548			19,508
Total liabilities		438,046			446,716
Redeemable noncontrolling interests		14,789			18,085
Commitments and contingencies
Equity:
W. P. Carey members’ equity:
Listed shares, no par value, 100,000,000 shares authorized; 39,193,174 and 39,589,594 shares issued and outstanding, respectively		756,107			757,921
Distributions in excess of accumulated earnings		(129,780	)		(116,990	)
Deferred compensation obligation		10,249			—
Accumulated other comprehensive income (loss)		648			(828	)
Total W. P. Carey members’ equity		637,224			640,103
Noncontrolling interests		6,680			6,232
Total equity		643,904			646,335
Total liabilities and equity	$	1,096,739		$	1,111,136

Note: The consolidated balance sheet at December 31, 2008 has been derived from the audited consolidated financial statements at that date as adjusted.

19

W. P. CAREY & CO. LLC
Consolidated Statements of Income
(in thousands, except share and per share amounts)

	Three months ended September 30,						Nine months ended September 30,
	2009			2008			2009			2008
Revenues
Asset management revenue	$	19,106		$	20,205		$	57,441		$	60,370
Structuring revenue		5,476			10,818			16,250			17,403
Wholesaling revenue		1,869			1,517			4,426			4,145
Reimbursed costs from affiliates		13,503			11,303			33,747			32,749
Lease revenues		17,448			18,816			52,690			57,187
Other real estate income		3,768			3,834			11,672			10,261
		61,170			66,493			176,226			182,115
Operating Expenses
General and administrative		(14,970	)		(17,013	)		(48,246	)		(48,242	)
Reimbursable costs		(13,503	)		(11,303	)		(33,747	)		(32,749	)
Depreciation and amortization		(5,936	)		(6,293	)		(18,348	)		(18,460	)
Property expenses		(2,236	)		(1,734	)		(6,235	)		(5,267	)
Impairment charges		(2,390	)		—			(4,090	)		—
Other real estate expenses		(1,758	)		(1,989	)		(5,596	)		(6,204	)
		(40,793	)		(38,332	)		(116,262	)		(110,922	)
Other Income and Expenses
Other interest income		470			752			1,278			2,193
Income from equity investments in real estate and CPA® REITs		2,923			2,272			9,866			10,917
Gain on sale of investments in direct financing lease		—			1,103			—			1,103
Other income and (expenses)		251			(1,566	)		3,532			3,093
Interest expense		(3,889	)		(5,004	)		(11,600	)		(14,579	)
		(245	)		(2,443	)		3,076			2,727
Income from continuing operations before income taxes		20,132			25,718			63,040			73,920
Provision for income taxes		(6,018	)		(5,839	)		(15,938	)		(20,405	)
Income from continuing operations		14,114			19,879			47,102			53,515
Discontinued Operations
Income (loss) from operations of discontinued properties		70			(40	)		(30	)		3,666
Gain on sale of real estate		—			—			343			—
Impairment charges		—			(538	)		(580	)		(538	)
Income (loss) from discontinued operations		70			(578	)		(267	)		3,128
Net Income		14,184			19,301			46,835			56,643
Add: Net loss attributable to noncontrolling interests		186			238			559			578
Less: Net income attributable to redeemable noncontrolling interests		(1,019	)		(341	)		(1,357	)		(1,074	)
Net Income Attributable to W. P. Carey Members	$	13,351		$	19,198		$	46,037		$	56,147
Basic Earnings Per Share
Income from continuing operations attributable to W. P. Carey members	$	0.33		$	0.50		$	1.16		$	1.35
Income (loss) from discontinued operations attributable to W. P. Carey members		—			(0.01	)		(0.01	)		0.08
Net income attributable to W. P. Carey members	$	0.33		$	0.49		$	1.15		$	1.43
Diluted Earnings Per Share
Income from continuing operations attributable to W. P. Carey members	$	0.34		$	0.49		$	1.16		$	1.32
Income (loss) from discontinued operations attributable to W. P. Carey members		—			(0.01	)		(0.01	)		0.08
Net income attributable to W. P. Carey members	$	0.34		$	0.48		$	1.15		$	1.40
Weighted Average Shares Outstanding
Basic		39,727,460			39,294,889			39,163,186			39,125,329
Diluted		40,368,946			40,299,073			39,770,196			40,293,094
Amounts Attributable to W. P. Carey Members
Income from continuing operations, net of tax	$	13,281		$	19,776		$	46,304		$	53,019
Income (loss) from discontinued operations, net of tax		70			(578	)		(267	)		3,128
Net income	$	13,351		$	19,198		$	46,037		$	56,147
Distributions Declared Per Share	$	0.500		$	0.492		$	1.494		$	1.461

20

W. P. CAREY & CO. LLC
Consolidated Statements of Cash Flows
(in thousands)

	Nine months ended September 30,
	2009			2008
Cash Flows — Operating Activities
Net income	$	46,835		$	56,643
Adjustments to net income:
Depreciation and amortization including intangible assets and deferred financing costs		18,385			20,412
Income from equity investments in real estate and CPA® REITs in excess of distributions received		(4,303	)		(1,224	)
Straight-line rent adjustments		1,560			1,718
Management income received in shares of affiliates		(23,451	)		(30,237	)
Gain on sale of real estate and investment in direct financing lease		(343	)		(1,103	)
Gain on extinguishment of debt		(6,991	)		—
Allocation of earnings to profit sharing interest		3,976			—
Unrealized (gain) loss on foreign currency transactions, warrants and securities		(257	)		324
Realized gain on foreign currency transactions and other		(260	)		(1,567	)
Impairment charges		4,670			538
Stock-based compensation expense		7,777			5,894
Decrease in deferred acquisition revenue received		23,109			46,695
Increase in structuring revenue receivable		(8,196	)		(8,845	)
Decrease in income taxes, net		(11,137	)		(6,527	)
Decrease in settlement provision		—			(29,979	)
Net changes in other operating assets and liabilities		(1,991	)		(5,250	)
Net cash provided by operating activities		49,383			47,492
Cash Flows — Investing Activities
Distributions received from equity investments in real estate and CPA® REITs in excess of equity income		33,917			7,566
Capital contributions to equity investments		(3,709	)		(1,361	)
Purchases of real estate and equity investments in real estate		(39,632	)		(184	)
Capital expenditures		(6,110	)		(8,355	)
VAT refunded on purchase of real estate		—			3,189
Proceeds from sale of real estate and securities		6,927			5,062
Proceeds from transfer of profit sharing interest		21,928			—
Funds released from escrow in connection with the sale of property		—			636
Payment of deferred acquisition revenue to affiliate		—			(120	)
Net cash provided by investing activities		13,321			6,433
Cash Flows — Financing Activities
Distributions paid		(58,787	)		(67,987	)
Contributions from noncontrolling interests		2,137			1,957
Distributions to noncontrolling interests		(4,589	)		(1,659	)
Distributions to profit sharing interest		(5,372	)		—
Scheduled payments of mortgage principal		(7,527	)		(7,196	)
Proceeds from mortgages and credit facilities		158,994			122,968
Prepayments of mortgage principal and credit facilities		(137,436	)		(102,427	)
Proceeds from loan from affiliates		1,625			—
Repayment of loan from affiliates		—			(7,569	)
Payment of financing costs, net of deposits refunded		(849	)		(375	)
Proceeds from issuance of shares		1,356			21,242
Windfall tax benefits associated with stock-based compensation awards		275			697
Repurchase and retirement of shares		(10,686	)		(5,134	)
Net cash used in financing activities		(60,859	)		(45,483	)
Change in Cash and Cash Equivalents During the Period
Effect of exchange rate changes on cash		364			(94	)
Net increase in cash and cash equivalents		2,209			8,348
Cash and cash equivalents, beginning of period		16,799			12,137
Cash and cash equivalents, end of period	$	19,008		$	20,485

21

W. P. CAREY & CO. LLC
Detailed Property Summary
September 30, 2009

												Percentage of Total
Tenant/Lease Guarantor	Percent Ownership			Property Location	Property Type	Tenant Industry	Region	Square Footage (e)		Annualized Rent (e)		Rent (e)			Increase Factor	Lease Expiration	Maximum Term
Carrefour France, SAS (a)		46	%	Colomiers, FR	Warehouse/Distribution	Retail Trade	Europe		174,261	$	1,114,496		1.10	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Nimes, FR	Warehouse/Distribution	Retail Trade	Europe		177,786		1,113,781		1.10	%	INSEE (2)	Nov-2012	Nov-2012
Carrefour France, SAS (a)		46	%	Crepy en Valois, FR	Warehouse/Distribution	Retail Trade	Europe		152,365		1,084,768		1.07	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Lens, FR	Warehouse/Distribution	Retail Trade	Europe		126,925		878,429		0.87	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Nîmes, FR	Warehouse/Distribution	Retail Trade	Europe		134,937		771,064		0.76	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Crepy en Valois, FR	Warehouse/Distribution	Retail Trade	Europe		101,248		720,842		0.71	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Ploufragan, FR	Warehouse/Distribution	Retail Trade	Europe		122,591		672,305		0.66	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Cholet, FR	Warehouse/Distribution	Retail Trade	Europe		99,261		577,351		0.57	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Thuit Hebert, FR	Warehouse/Distribution	Retail Trade	Europe		107,958		554,590		0.55	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Colomiers, FR	Warehouse/Distribution	Retail Trade	Europe		60,292		385,604		0.38	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Thuit Hebert, FR	Warehouse/Distribution	Retail Trade	Europe		68,476		351,769		0.35	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Colomiers, FR	Warehouse/Distribution	Retail Trade	Europe		7,524		48,118		0.05	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Lens, FR	Warehouse/Distribution	Retail Trade	Europe		4,349		30,096		0.03	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Colomiers, FR	Warehouse/Distribution	Retail Trade	Europe		2,899		18,540		0.02	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Lens, FR	Warehouse/Distribution	Retail Trade	Europe		2,598		17,983		0.02	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Nîmes, FR	Warehouse/Distribution	Retail Trade	Europe		2,554		14,594		0.01	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS (a)		46	%	Nîmes, FR	Warehouse/Distribution	Retail Trade	Europe		596		3,408		0.00	%	INSEE (2)	Jun-2015	Dec-2011
Carrefour France, SAS Total									1,346,620		8,357,737		8.26	%
Bouygues Telecom, S.A.(a)		75	%	Illkirch-Graffenstaden, France	Office	Telecommunications	Europe		80,721		3,373,452		3.33	%	INSEE (2)	Feb-2013	Feb-2013
Bouygues Telecom, S.A.(a)		95	%	Tours, France	Office	Telecommunications	Europe		102,227		2,067,521		2.04	%	INSEE (2)	Sep-2012	Sep-2012
Bouygues Telecom, S.A. Total									182,948		5,440,974		5.38	%
The American Bottling Company		100	%	Irving, TX	Industrial	Beverages, Food, and Tobacco	South		459,497		2,937,278		2.90	%	CPI	Jun-2014	Jun-2014
The American Bottling Company		100	%	Houston, TX	Industrial	Beverages, Food, and Tobacco	South		262,450		1,904,924		1.88	%	CPI	Jun-2014	Jun-2014
The American Bottling Company Total									721,947		4,842,202		4.78	%
Daimler Trucks North America LLC		100	%	Detroit, MI	Industrial	Automobile	Midwest		2,730,750		4,634,253		4.58	%	PPI	Jun-2020	Jun-2030
The New York Times Company		18	%	New York, NY	Office	Media: Printing and Publishing	East		126,420		4,293,281		4.24	%	Fixed	Mar-2024	Mar-2044
US Airways Group, Inc.		75	%	Tempe, AZ	Office	Transportation - Personal	West		167,890		3,171,483		3.13	%	CPI	Apr-2014	Nov-2029
Federal Express Corporation		40	%	Collierville, TN	Office	Transportation - Cargo	South		39,038		709,541		0.70	%	CPI	Aug-2019	Nov-2029
Federal Express Corporation		40	%	Collierville, TN	Office	Transportation - Cargo	South		39,038		709,541		0.70	%	CPI	Aug-2019	Nov-2029
Federal Express Corporation		40	%	Collierville, TN	Office	Transportation - Cargo	South		39,038		709,541		0.70	%	CPI	Aug-2019	Nov-2029
Federal Express Corporation		40	%	Collierville, TN	Office	Transportation - Cargo	South		39,038		709,541		0.70	%	CPI	Aug-2019	Nov-2029
Federal Express Corporation		100	%	Corpus Christi, TX	Warehouse/Distribution	Transportation - Cargo	South		30,212		201,037		0.20	%	Fixed	May-2012	May-2017
Federal Express Corporation		100	%	College Station, TX	Warehouse/Distribution	Transportation - Cargo	South		12,080		68,400		0.07	%	Fixed	Apr-2012	Apr-2017
Federal Express Corporation Total									198,444		3,107,602		3.07	%
Medica France S.A. (a)		46	%	Sarcelles, France	Other	Healthcare, Education and Childcare	Europe		34,620		668,362		0.66	%	INSEE (2)	Sep-2021	Jun-2010
Medica France S.A. (a)		46	%	Paris, France	Other	Healthcare, Education and Childcare	Europe		24,770		668,362		0.66	%	INSEE (2)	Sep-2021	Jun-2010
Medica France S.A. (a)		46	%	Chatou, France	Other	Healthcare, Education and Childcare	Europe		24,666		417,726		0.41	%	INSEE (2)	Sep-2021	Jun-2010
Medica France S.A. (a)		46	%	Poissy, France	Other	Healthcare, Education and Childcare	Europe		24,592		417,726		0.41	%	INSEE (2)	Sep-2021	Jun-2010
Medica France S.A. (a)		46	%	Rosny sous Bois, France	Other	Healthcare, Education and Childcare	Europe		21,846		417,726		0.41	%	INSEE (2)	Sep-2021	Jun-2010
Medica France S.A. (a)		46	%	Rueil Malmaison, France	Other	Healthcare, Education and Childcare	Europe		23,813		417,726		0.41	%	INSEE (2)	Sep-2021	Jun-2010
Medica France S.A. Total									154,306		3,007,630		2.31	%
Orbital Sciences Corporation		100	%	Chandler, AZ	Industrial	Aerospace and Defense	West		355,307		2,770,560		2.74	%	CPI	Sep-2019	Sep-2029
The Titan Corporation		100	%	San Diego, CA	Office	Electronics	West		166,403		2,706,799		2.67	%	CPI	Jul-2012	Jul-2017
CheckFree Corporation		50	%	Norcross, GA	Office	Business and Commercial Services	South		50,063		969,079		0.96	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation		50	%	Norcross, GA	Office	Business and Commercial Services	South		34,150		822,231		0.81	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation		50	%	Norcross, GA	Office	Business and Commercial Services	South		26,125		620,279		0.61	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation		50	%	Norcross, GA	Land	Business and Commercial Services	South		1		62,368		0.06	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation Total									110,338		2,473,956		2.44	%
Schuler AG (a)		33	%	Göppingen, Germany	Industrial	Machinery	Europe		246,355		2,454,810		2.43	%	CPI	Oct-2027	Oct-2047
AutoZone, Inc.		100	%	San Antonio, TX	Retail	Retail Trade	South		5,400		55,795		0.06	%	None	Aug-2013	Dec-2038
AutoZone, Inc.		100	%	Albuquerque, NM	Retail	Retail Trade	West		5,400		54,642		0.05	%	None	Aug-2013	Dec-2038
AutoZone, Inc.		100	%	Jacksonville, FL	Retail	Retail Trade	South		5,400		54,379		0.05	%	None	Aug-2013	Dec-2038
AutoZone, Inc.		100	%	Houston, TX	Retail	Retail Trade	South		5,400		53,488		0.05	%	None	Aug-2013	Dec-2038
AutoZone, Inc.		100	%	Gastonia, NC	Retail	Retail Trade	East		5,400		52,149		0.05	%	None	Jan-2011	Feb-2026
AutoZone, Inc.		100	%	Corpus Christi, TX	Retail	Retail Trade	South		6,600		51,679		0.05	%	None	Jan-2011	Feb-2026
AutoZone, Inc.		100	%	Statesville, NC	Retail	Retail Trade	East		5,400		50,739		0.05	%	None	Jan-2011	Feb-2026
AutoZone, Inc.		100	%	Lenoir, NC	Retail	Retail Trade	East		5,400		50,739		0.05	%	None	Jan-2011	Feb-2026
AutoZone, Inc.		100	%	Corpus Christi, TX	Retail	Retail Trade	South		6,480		50,739		0.05	%	None	Jan-2011	Feb-2026
AutoZone, Inc.		100	%	Victoria, TX	Retail	Retail Trade	South		6,480		50,739		0.05	%	None	Jan-2011	Feb-2026
AutoZone, Inc.		100	%	Lexington, SC	Retail	Retail Trade	East		5,400		50,079		0.05	%	None	Aug-2013	Dec-2038
AutoZone, Inc.		100	%	Macon, GA	Retail	Retail Trade	South		5,400		49,503		0.05	%	None	Aug-2013	Dec-2038
AutoZone, Inc.		100	%	St. Peters, MO	Retail	Retail Trade	Midwest		5,400		48,957		0.05	%	Fixed	Aug-2012	Dec-2037

22

W. P. CAREY & CO. LLC
Detailed Property Summary
September 30, 2009

Percentage of Total

Tenant/Lease Guarantor

Percent Ownership

Property Location

Property Type

Tenant Industry

Region

Square Footage (e)

Annualized Rent (e)

Rent (e)

Increase Factor

Lease Expiration

Maximum Term

AutoZone, Inc.

100%

St. Peters, MO

Retail

Retail Trade

Midwest

6,660

48,718

0.05

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

Jacksonville, FL

Retail

Retail Trade

South

5,400

47,772

0.05

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Decatur, AL

Retail

Retail Trade

South

5,400

44,620

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Phenix City, AL

Retail

Retail Trade

South

5,400

44,620

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Mobile, AL

Retail

Retail Trade

South

5,400

44,620

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Alton, IL

Retail

Retail Trade

Midwest

5,400

44,620

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Belleville, IL

Retail

Retail Trade

Midwest

5,400

44,620

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Breckenridge, MO

Retail

Retail Trade

Midwest

5,400

44,151

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Chickasaw, AL

Retail

Retail Trade

South

5,400

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Montgomery, AL

Retail

Retail Trade

South

5,400

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Columbus, GA

Retail

Retail Trade

South

5,400

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

West Monroe, LA

Retail

Retail Trade

South

5,400

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Baton Rouge, LA

Retail

Retail Trade

South

5,400

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Lake Charles, LA

Retail

Retail Trade

South

6,480

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Lake Charles, LA

Retail

Retail Trade

South

6,480

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Maplewood, MO

Retail

Retail Trade

Midwest

6,480

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Overland, MO

Retail

Retail Trade

Midwest

6,480

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Albany, GA

Retail

Retail Trade

South

5,400

43,262

0.04

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Charlotte, NC

Retail

Retail Trade

East

5,400

42,283

0.04

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

San Antonio, TX

Retail

Retail Trade

South

5,400

42,283

0.04

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Farmington, NM

Retail

Retail Trade

West

5,400

41,479

0.04

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Hammond, LA

Retail

Retail Trade

South

6,480

40,121

0.04

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

Brunswick, GA

Retail

Retail Trade

South

5,400

39,854

0.04

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Waco, TX

Retail

Retail Trade

South

4,800

37,585

0.04

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Collinsville, IL

Retail

Retail Trade

Midwest

5,400

36,178

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Wood River, IL

Retail

Retail Trade

Midwest

5,400

36,178

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

St. Louis, MO

Retail

Retail Trade

Midwest

5,400

36,178

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Panama City, FL

Retail

Retail Trade

South

5,401

35,345

0.03

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

Jacksonville, FL

Retail

Retail Trade

South

5,000

34,867

0.03

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

Augusta, GA

Retail

Retail Trade

South

5,400

34,138

0.03

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Bessemer, AL

Retail

Retail Trade

South

5,400

32,158

0.03

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Austin, TX

Retail

Retail Trade

South

4,000

31,321

0.03

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Nederland, TX

Retail

Retail Trade

South

4,000

31,321

0.03

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

West Orange, TX

Retail

Retail Trade

South

4,000

31,321

0.03

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Shelby, NC

Retail

Retail Trade

East

6,660

30,807

0.03

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

Kannapolis, NC

Retail

Retail Trade

East

6,408

24,069

0.02

%

Fixed

Oct-2010

Oct-2025

AutoZone, Inc.

100%

Baton Rouge, LA

Retail

Retail Trade

South

5,401

23,124

0.02

%

Fixed

Apr-2014

Apr-2019

AutoZone, Inc.

100%

Knoxville, TN

Retail

Retail Trade

South

6,660

23,008

0.02

%

Fixed

May-2014

May-2024

AutoZone, Inc.

100%

Baton Rouge, LA

Retail

Retail Trade

South

6,600

21,567

0.02

%

Fixed

Mar-2014

Mar-2024

AutoZone, Inc.

100%

East Ridge, TN

Retail

Retail Trade

South

6,480

20,602

0.02

%

Fixed

Oct-2013

Oct-2023

AutoZone, Inc.

100%

Morgantown, NC

Retail

Retail Trade

East

5,400

19,451

0.02

%

Fixed

Oct-2010

Aug-2019

AutoZone, Inc. Total

302,230

2,216,594

2.19

%

Lucent Technologies, Inc.

100%

Charlotte, NC

Industrial

Electronics

East

568,670

2,072,735

2.05

%

Fixed

Mar-2010

Mar-2016

Sybron Dental Specialties, Inc.

100%

Romulus, MI

Industrial

Healthcare, Education and Childcare

Midwest

220,000

1,456,610

1.44

%

CPI

Dec-2018

Dec-2043

Sybron Dental Specialties, Inc.

100%

Glendora, CA

Office

Healthcare, Education and Childcare

West

25,000

555,148

0.55

%

CPI

Dec-2018

Dec-2043

Sybron Dental Specialties, Inc. Total

245,000

2,011,758

1.99

%

BellSouth Telecommunications, Inc.

100%

Lafayette, LA

Office

Telecommunications

South

66,846

1,351,150

1.34

%

Fixed

Dec-2011

Jun-2013

BellSouth Telecommunications, Inc.

100%

Fort Lauderdale, FL

Warehouse/Distribution

Telecommunications

South

80,450

629,820

0.62

%

Fixed

Jun-2016

Jun-2021

BellSouth Telecommunications, Inc. Total

147,296

1,980,970

1.96

%

Quebecor Printing Atlanta, Inc.

100%

Doraville, GA

Industrial

Media: Printing and Publishing

South

432,559

1,940,625

1.92

%

CPI

Dec-2017

Dec-2042

Career Education Corporation

100%

Mendota Heights, MN

Other

Healthcare, Education and Childcare

Midwest

136,400

1,892,831

1.87

%

Fixed

May-2011

May-2019

Information Resources, Inc.

33%

Chicago, IL

Office

Business and Commercial Services

Midwest

53,195

1,179,801

1.17

%

CPI

Oct-2013

Oct-2015

Information Resources, Inc.

33%

Chicago, IL

Office

Business and Commercial Services

Midwest

30,797

683,141

0.67

%

CPI

Oct-2013

Oct-2023

Information Resources, Inc. Total

83,992

1,862,942

1.84

%

Fiskars Brands, Inc.

100%

Apopka, FL

Industrial

Chemicals, Plastics, Rubber, and Glass

South

260,160

1,258,273

1.24

%

CPI

Mar-2010

Mar-2035

Fiskars Brands, Inc.

100%

Apopka, FL

Industrial

Chemicals, Plastics, Rubber, and Glass

South

109,377

528,979

0.52

%

CPI

Mar-2010

Mar-2035

Fiskars Brands, Inc.

100%

Apopka, FL

Industrial

Chemicals, Plastics, Rubber, and Glass

South

5,292

25,561

0.03

%

CPI

Mar-2010

Mar-2035

Fiskars Brands, Inc. Total

374,829

1,812,813

1.79

%

Unisource Worldwide, Inc.

100%

Commerce, CA

Warehouse/Distribution

Forest Products and Paper

West

411,561

1,422,080

1.41

%

Fixed

Apr-2010

Apr-2030

Unisource Worldwide, Inc.

100%

Anchorage, AK

Warehouse/Distribution

Forest Products and Paper

West

44,712

344,803

0.34

%

Fixed

Dec-2014

Dec-2029

Unisource Worldwide, Inc. Total

456,273

1,766,883

1.75

%

Amylin Pharmaceuticals, Inc. (formerly Sicor, Inc.)

50%

San Diego, CA

Industrial

Healthcare, Education and Childcare

West

36,205

835,705

0.83

%

CPI

Jul-2019

Jul-2029

Amylin Pharmaceuticals, Inc. (formerly Sicor, Inc.)

50%

San Diego, CA

Office

Healthcare, Education and Childcare

West

35,951

835,705

0.83

%

CPI

Jul-2019

Jul-2029

Amylin Pharmaceuticals, Inc. (formerly Sicor, Inc.) Total

72,156

1,671,410

1.65

%

Cleo, Inc.

100%

Memphis, TN

Warehouse/Distribution

Forest Products and Paper

South

614,274

958,496

0.95

%

CPI

Dec-2010

Dec-2015

Cleo, Inc.

100%

Memphis, TN

Warehouse/Distribution

Forest Products and Paper

South

391,896

611,504

0.60

%

CPI

Dec-2010

Dec-2015

Cleo, Inc. Total

1,006,170

1,570,000

1.55

%

23

W. P. CAREY & CO. LLC
Detailed Property Summary
September 30, 2009

										Percentage of Total
Tenant/Lease Guarantor	Percent Ownership	Property Location	Property Type	Tenant Industry	Region	Square Footage (e)		Annualized Rent (e)		Rent (e)			Increase Factor	Lease Expiration	Maximum Term
BE Aerospace, Inc.	100%	Lenexa, KS	Industrial	Aerospace and Defense	Midwest		130,094		646,020		0.64	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.	100%	Winston-Salem, NC	Warehouse/Distribution	Aerospace and Defense	East		90,800		259,807		0.26	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.	100%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		74,026		211,805		0.21	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.	100%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		50,200		143,638		0.14	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.	100%	Winston-Salem, NC	Office	Aerospace and Defense	East		43,788		125,286		0.12	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.	100%	Dallas, TX	Industrial	Aerospace and Defense	South		22,680		123,051		0.12	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.	100%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		15,402		44,071		0.04	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc. Total							426,990		1,553,679		1.54	%
Lowe’s Home Improvement Warehouse	100%	Bellevue, WA	Retail	Retail Trade	West		143,352		1,539,172		1.52	%	CPI	Aug-2018	Aug-2018
Pharmaco International, Inc.	100%	Austin, TX	Industrial	Business and Commercial Services	South		65,160		639,282		0.63	%	CPI	Nov-2010	Nov-2030
Pharmaco International, Inc.	100%	Austin, TX	Office	Business and Commercial Services	South		40,560		413,825		0.41	%	CPI	Nov-2010	Nov-2030
Pharmaco International, Inc.	100%	Austin, TX	Warehouse/Distribution	Business and Commercial Services	South		17,588		181,889		0.18	%	CPI	Nov-2010	Nov-2030
Pharmaco International, Inc.	100%	Austin, TX	Office	Business and Commercial Services	South		8,525		92,765		0.09	%	CPI	Nov-2010	Nov-2030
Pharmaco International, Inc.	100%	Austin, TX	Office	Business and Commercial Services	South		8,500		92,480		0.09	%	CPI	Nov-2010	Nov-2030
Pharmaco International, Inc.	100%	Austin, TX	Office	Business and Commercial Services	South		8,500		92,480		0.09	%	CPI	Nov-2010	Nov-2030
Pharmaco International, Inc. Total							148,833		1,512,721		1.49	%
LIVHO, Inc.	100%	Livonia, MI	Hospitality	Hotels and Gaming	Midwest		158,000		1,500,000		1.48	%	Fixed	Jan-2012	Jan-2012
Sprint Spectrum, L.P.	100%	Rio Rancho, NM	Office	Telecommunications	West		94,730		1,424,561		1.41	%	Fixed	May-2011	May-2021
AT&T Corporation	100%	Bridgeton, MO	Industrial	Telecommunications	Midwest		85,510		1,307,706		1.29	%	Fixed	Sep-2011	Jun-2021
United Stationers Supply Company	100%	New Orleans, LA	Warehouse/Distribution	Forest Products and Paper	South		59,000		432,330		0.43	%	CPI	Sep-2012	Mar-2030
United Stationers Supply Company	100%	San Antonio, TX	Warehouse/Distribution	Forest Products and Paper	South		63,098		413,899		0.41	%	CPI	Mar-2014	Mar-2030
United Stationers Supply Company	100%	Memphis, TN	Warehouse/Distribution	Forest Products and Paper	South		75,000		374,352		0.37	%	CPI	Mar-2014	Mar-2030
United Stationers Supply Company Total							197,098		1,220,581		1.21	%
Hologic, Inc.	36%	Bedford, MA	Industrial	Electronics	East		74,520		1,034,661		1.02	%	CPI	Aug-2022	Aug-2042
Hologic, Inc.	36%	Danbury, CT	Industrial	Electronics	East		22,335		235,329		0.23	%	CPI	Aug-2022	Aug-2042
Hologic, Inc. Total							96,855		1,269,991		1.25	%
Omnicom Group, Inc.	100%	Venice, CA	Office	Business and Commercial Services	West		77,719		1,193,661		1.18	%	CPI	Sep-2010	Sep-2030
United States Postal Service	100%	Bloomingdale, IL	Office	Federal, State and Local Government	Midwest		60,000		1,170,000		1.16	%	Fixed	Apr-2011	Apr-2011
Lockheed Martin Corporation	100%	King of Prussia, PA	Office	Business and Commercial Services	South		88,578		841,491		0.83	%	Fixed	Jul-2013	Jul-2023
Lockheed Martin Corporation	100%	Webster, TX	Industrial	Business and Commercial Services	East		30,176		301,760		0.30	%	Fixed	Jun-2010	Jun-2013
Lockheed Martin Corporation Total							118,754		1,143,251		1.13	%
The United States Playing Card Company	100%	Erlanger, KY	Warehouse/Distribution	Media: Printing and Publishing	East		409,600		816,480		0.81	%	Fixed	Jun-2017	Jun-2020
The United States Playing Card Company	100%	Erlanger, KY	Warehouse/Distribution	Consumer and Durable Goods	East		162,604		293,962		0.29	%	Fixed	Jun-2017	Jun-2020
The United States Playing Card Company Total							572,204		1,110,442		1.10	%
Anthony’s Manufacturing Company, Inc.	100%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		95,420		569,819		0.56	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.	100%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		40,285		240,527		0.24	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.	100%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		39,920		238,343		0.24	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.	100%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		7,220		43,127		0.04	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc. Total							182,845		1,091,816		1.08	%
United Space Alliance, LLC	100%	Webster, TX	Warehouse/Distribution	Business and Commercial Services	South		91,800		572,832		0.57	%	None	Sep-2010	Sep-2012
United Space Alliance, LLC	100%	Webster, TX	Industrial	Business and Commercial Services	South		38,150		412,020		0.41	%	None	Sep-2010	Sep-2011
United Space Alliance, LLC	100%	Webster, TX	Industrial	Business and Commercial Services	South		5,856		63,245		0.06	%	None	Sep-2010	Sep-2011
United Space Alliance, LLC	100%	Webster, TX	Industrial	Business and Commercial Services	South		2,044		22,075		0.02	%	None	Sep-2010	Sep-2011
United Space Alliance LLC Total							137,850		1,070,172		1.06	%
OBI Group (a)	100%	Wroclaw, Poland	Retail	Retail Trade	Europe		113,559		1,052,715		1.04	%	CPI	Dec-2025	Dec-2040
Swat-Fame, Inc.	100%	City of Industry, CA	Industrial	Textiles, Leather, and Apparel	West		233,205		1,007,497		1.00	%	CPI	Dec-2010	Dec-2020
Consolidated Systems, Inc.	60%	Columbia, SC	Industrial	Mining, Metals, and Primary Metal Industries	East		294,249		823,165		0.81	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.	60%	Columbia, SC	Office	Mining, Metals, and Primary Metal Industries	East		24,459		68,424		0.07	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.	60%	Columbia, SC	Warehouse/Distribution	Mining, Metals, and Primary Metal Industries	East		13,792		38,582		0.04	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.	60%	Columbia, SC	Warehouse/Distribution	Mining, Metals, and Primary Metal Industries	East		6,266		17,529		0.02	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc. Total							338,765		947,700		0.94	%
24 Hour Fitness USA, Inc.	100%	Austin, TX	Other	Leisure, Amusement, Entertainment	South		43,935		907,245		0.90	%	CPI	Jun-2017	Jun-2033
NVR, Inc.	100%	Thurmont, MD	Industrial	Construction and Building	East		150,468		735,353		0.73	%	CPI	Mar-2014	Mar-2030
NVR, Inc.	100%	Farmington, NY	Industrial	Construction and Building	East		29,273		143,060		0.14	%	CPI	Mar-2014	Mar-2030
NVR, Inc. Total							179,741		878,413		0.87	%
Sports Wholesale, Inc.	100%	Birmingham, AL	Warehouse/Distribution	Retail Trade	South		219,312		876,900		0.87	%	CPI	Dec-2014	Dec-2029
Deloro Satellite Company, Inc.	100%	Goshen, IN	Industrial	Mining, Metals, and Primary Metal Industries	Midwest		52,000		643,069		0.64	%	Fixed	Feb-2018	Feb-2023
Juniper Networks, Inc.	100%	Sunnyvale, CA	Industrial	Electronics	West		50,311		609,796		0.60	%	Fixed	Nov-2011	Nov-2021

24

W. P. CAREY & CO. LLC
Detailed Property Summary
September 30, 2009

Percentage of Total

Tenant/Lease Guarantor

Percent Ownership

Property Location

Property Type

Tenant Industry

Region

Square Footage (e)

Annualized Rent (e)

Rent (e)

Increase Factor

Lease Expiration

Maximum Term

Wal-Mart Stores, Inc.

100%

Greenfield, IN

Warehouse/Distribution

Retail Trade

Midwest

82,620

567,745

0.56

%

None

Jan-2020

Jan-2025

Childtime Childcare, Inc.

34%

Alhambra, CA

Other

Healthcare, Education and Childcare

West

2,262

57,530

0.06

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Tustin, CA

Other

Healthcare, Education and Childcare

West

2,264

57,082

0.06

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Canton, MI

Other

Healthcare, Education and Childcare

Midwest

2,311

51,872

0.05

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Chino, CA

Other

Healthcare, Education and Childcare

West

2,166

50,248

0.05

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Carrollton, TX

Other

Healthcare, Education and Childcare

South

2,438

49,912

0.05

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Duncanville, TX

Other

Healthcare, Education and Childcare

South

2,438

49,912

0.05

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Lewisville, TX

Other

Healthcare, Education and Childcare

South

2,440

49,912

0.05

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Garden Grove, CA

Other

Healthcare, Education and Childcare

West

2,848

49,408

0.05

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Tucson, AZ

Other

Healthcare, Education and Childcare

West

2,165

39,885

0.04

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Chandler, AZ

Other

Healthcare, Education and Childcare

West

2,026

38,260

0.04

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Westland, MI

Other

Healthcare, Education and Childcare

Midwest

2,787

37,532

0.04

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc.

34%

Westland, MI

Other

Healthcare, Education and Childcare

Midwest

2,472

28,625

0.03

%

CPI

Jan-2016

Jan-2041

Childtime Childcare, Inc. Total

28,617

560,176

0.55

%

Vertafore, Inc.

100%

College Station, TX

Office

Telecommunications

South

33,400

548,741

0.54

%

Fixed

Jun-2010

Jun-2010

Alcoa, Inc.

100%

Salisbury, NC

Warehouse/Distribution

Machinery

East

200,000

507,082

0.50

%

Fixed

Jun-2010

Jun-2020

Alstom Power

100%

Erlanger, KY

Warehouse/Distribution

Business and Commercial Services

East

197,400

484,746

0.48

%

Fixed

Jun-2017

Jun-2020

Jada Toys, Inc.

100%

City of Industry, CA

Industrial

Consumer Non-durable Goods

West

92,595

471,036

0.47

%

Fixed

Apr-2012

Apr-2017

The Retail Distribution Group, Inc.

40%

Grand Rapids, MI

Warehouse/Distribution

Beverages, Food, and Tobacco

Midwest

71,784

418,558

0.41

%

Fixed

Aug-2013

Aug-2013

Kmart Corporation

100%

Drayton Plains, MI

Retail

Retail Trade

Midwest

103,018

210,000

0.21

%

None

Mar-2011

Mar-2026

Kmart Corporation

100%

Citrus Heights, CA

Retail

Retail Trade

West

89,760

180,000

0.18

%

None

May-2011

May-2026

Kmart Corporation Total

192,778

390,000

0.39

%

Faurecia Exhaust Systems

100%

Toledo, OH

Office

Automobile

Midwest

61,000

387,415

0.38

%

CPI

Nov-2022

Nov-2022

Petrocon Engineering, Inc.

100%

Beaumont, TX

Office

Business and Commercial Services

South

34,300

304,584

0.30

%

Fixed

Dec-2011

Dec-2014

Petrocon Engineering, Inc.

100%

Beaumont, TX

Office

Business and Commercial Services

South

8,580

76,362

0.08

%

Fixed

Dec-2011

Dec-2014

Petrocon Engineering, Inc. Total

42,880

380,946

0.38

%

Pioneer Credit Recovery, Inc.

100%

Moorestown, NJ

Office

Business and Commercial Services

East

30,000

375,000

0.37

%

Fixed

Apr-2012

Apr-2018

S&ME, Inc.

100%

Raleigh, NC

Office

Business and Commercial Services

East

27,770

318,204

0.31

%

Fixed

Jul-2016

Jul-2026

Tubular Metal Systems

100%

Pinconning, MI

Industrial

Automobile

Midwest

220,588

297,684

0.29

%

CPI

Jul-2013

Dec-2022

Qwest Communications, Inc.

100%

Scottsdale, AZ

Industrial

Telecommunications

West

2,900

178,358

0.18

%

Fixed

Feb-2012

Feb-2017

Qwest Communications, Inc.

100%

Scottsdale, AZ

Industrial

Telecommunications

West

1,560

95,946

0.09

%

Fixed

Feb-2012

Feb-2017

Qwest Communications, Inc. Total

4,460

274,304

0.27

%

Penberthy, Inc.

100%

Prophetstown, IL

Industrial

Mining, Metals, and Primary Metal Industries

Midwest

161,878

268,890

0.27

%

CPI

Apr-2011

Apr-2026

Fairpoint Communications, Inc.

100%

Milton, VT

Industrial

Telecommunications

East

30,624

221,438

0.22

%

Fixed

Feb-2013

Feb-2013

Ace Hardware

100%

Houston, TX

Retail

Retail Trade

South

23,569

212,121

0.21

%

Fixed

Mar-2016

Mar-2026

Xerox Corporation

100%

Hot Springs, AR

Retail

Machinery

South

36,850

184,987

0.18

%

Fixed

May-2011

May-2021

Continental Airlines, Inc.

100%

Houston, TX

Warehouse/Distribution

Transportation - Personal

South

25,125

163,500

0.16

%

Fixed

Jul-2013

Jul-2013

Multi-Tenant Building

100%

Broomfield, CO

Office

Various

West

42,349

218,644

0.22

%

Various

Various

Various

Winn-Dixie Stores, Inc.

100%

Brewton, AL

Retail

Grocery

South

30,625

134,500

0.13

%

None

Oct-2010

Oct-2030

Golder Associates Inc.

100%

Houston, TX

Office

Business and Commercial Services

South

8,066

74,760

0.07

%

Fixed

Oct-2010

Oct-2020

Golder Associates Inc.

100%

Houston, TX

Office

Business and Commercial Services

South

3,330

31,572

0.03

%

Fixed

Oct-2010

Oct-2020

Golder Associates Inc. Total

11,396

106,332

0.11

%

Affiliated Foods Southwest, Inc.

100%

Hope, AR

Retail

Grocery

South

35,784

85,882

0.08

%

CPI

Mar-2012

Mar-2037

Raytheon Company

100%

Webster, TX

Industrial

Business and Commercial Services

South

9,138

82,248

0.08

%

Fixed

Jul-2010

Jul-2025

The Boeing Company

100%

Houston, TX

Warehouse/Distribution

Aerospace and Defense

South

10,960

78,600

0.08

%

Fixed

Jan-2011

Jan-2013

Bike Barn Holding Company, Inc.

100%

Houston, TX

Retail

Retail Trade

South

6,216

71,280

0.07

%

Fixed

Aug-2010

Aug-2015

Kenyon International Emergency Services

100%

Houston, TX

Warehouse/Distribution

Healthcare, Education and Childcare

South

17,725

70,014

0.07

%

None

Oct-2009

Oct-2019

Olmsted Kirk Paper Co.

100%

Beaumont, TX

Office

Forest Products and Paper

South

5,760

48,038

0.05

%

Fixed

Dec-2012

Dec-2012

RGIS, LLC

100%

Bloomingdale, IL

Office

Business and Commercial Services

Midwest

2,550

44,625

0.04

%

Fixed

Nov-2011

Nov-2011

25

W. P. CAREY & CO. LLC
Detailed Property Summary
September 30, 2009

Square Footage

Annualized Rent

Percentage of Total

Tenant/Lease Guarantor

Percent Ownership

Property Location

Property Type

Tenant Industry

Region

(e)

(e)

Rent(e)

Increase Factor

Lease Expiration

Maximum Term

SBH Holdings, LLC

100%

Houston, TX

Office

Healthcare, Education and Childcare

South

5,632

43,930

0.04

%

Fixed

Aug-2013

Aug-2016

Cypress Creek Partners, LLC

100%

Little Rock, AR

Retail

Grocery

South

21,932

34,745

0.03

%

None

Mar-2017

Mar-2022

Jerry Prater Trucking Incorporated

100%

Salisbury, NC

Industrial

Transportation - Cargo

East

13,284

25,200

0.02

%

Fixed

Sep-2010

Sep-2012

Pittsburgh Institute of Aeronautics (c)

100%

West Mifflin, PA

Retail

Transportation - Personal

East

1

19,800

0.02

%

None

MTM

MTM

Classic Cuisines Catering

100%

Bloomingdale, IL

Office

Hotels and Gaming

Midwest

1,000

10,000

0.01

%

None

Apr-2011

Apr-2011

Action Buys Cars, Inc.

100%

Montgomery, AL

Retail

Retail Trade

South

1

9,900

0.01

%

None

MTM

MTM

Common Area Space

100%

Bloomingdale, IL

Office

N/A

Midwest

14,084

—

0.00

%

None

Nov-2010

Nov-2010

Vacant

100%

Jacksonville, FL

Warehouse/Distribution

N/A

South

240,000

—

—

N/A

N/A

N/A

Vacant

100%

West Mifflin, PA

Retail

N/A

East

121,053

—

—

N/A

N/A

N/A

Vacant

100%

Salisbury, NC

Warehouse/Distribution

N/A

East

87,000

—

—

N/A

N/A

N/A

Vacant

100%

Bridgeton, MO

Office

N/A

Midwest

78,080

—

—

N/A

N/A

N/A

Vacant

100%

Little Rock, AR

Retail

N/A

South

64,358

—

—

N/A

N/A

N/A

Vacant

100%

Broomfield, CO

Office

N/A

West

59,436

—

—

N/A

N/A

N/A

Vacant

100%

Bloomingdale, IL

Office

N/A

Midwest

38,366

—

—

N/A

N/A

N/A

Vacant

100%

Moorestown, NJ

Office

N/A

East

35,567

—

—

N/A

N/A

N/A

Vacant

100%

Montgomery, AL

Retail

N/A

South

32,690

—

—

N/A

N/A

N/A

Vacant

100%

Houston, TX

Office

N/A

South

32,613

—

—

N/A

N/A

N/A

Vacant

100%

Houston, TX

Warehouse/Distribution

N/A

South

32,320

—

—

N/A

N/A

N/A

Vacant

100%

Webster, TX

Industrial

N/A

South

23,214

—

—

N/A

N/A

N/A

Vacant

100%

College Station,TX

Office

N/A

South

19,152

—

—

N/A

N/A

N/A

Vacant

100%

Salisbury, NC

Office

N/A

East

10,681

—

—

N/A

N/A

N/A

Vacant Total

874,530

—

—

Grand Total (d)

16,731,777

$

101,208,246

100

%

(a)	Rents reflect a conversion rate of 1.4592 USD/EUR as of September 30, 2009.
(b)	INSEE construction index, an index published quarterly by the French Government.
(c)	Tenant is occupying property on a month-to-month (MTM) basis.
(d)	Excludes the 13 domestic self-storage properties held by an entity that is 40% owned by our subsidiary, Carey Storage, totaling approximately 0.4 million square feet.
(e)	Numbers may not add due to rounding.

26