0000950123-11-086793.txt : 20111209 0000950123-11-086793.hdr.sgml : 20111209 20110926184143 ACCESSION NUMBER: 0000950123-11-086793 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: W P CAREY & CO LLC CENTRAL INDEX KEY: 0001025378 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 133912578 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 50 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2124921100 MAIL ADDRESS: STREET 1: 50 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: CAREY W P & CO LLC DATE OF NAME CHANGE: 20001116 FORMER COMPANY: FORMER CONFORMED NAME: CAREY DIVERSIFIED LLC DATE OF NAME CHANGE: 19971017 FORMER COMPANY: FORMER CONFORMED NAME: CAREY DIVERSIFIED PROPERTIES LLC DATE OF NAME CHANGE: 19961017 CORRESP 1 filename1.htm corresp
Thomas J. Ridings
Chief Accounting Officer
TEL +1-212-492-8972
FAX +1-212-492-8922
tridings@wpcarey.com
September 26, 2011
Mr. Howard Efron
Staff Accountant
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C 20549-0405
Re:   W. P. Carey & Co. LLC
Form 10-K for the year ended December 31, 2010
Filed February 25, 2011
File No. 1-13779
Dear Mr. Efron:
Thank you for taking the time today to continue our conversation regarding our letter to the staff of the Division of Corporation Finance dated August 22, 2011. During our call today, we discussed revising our disclosure in our future filings for joint ventures where we have recorded our investment in real estate below zero. In light of our conversation, we intend to include the disclosure set forth below in our future filings, where applicable:
“We intend to fund our share of the ventures’ future operating deficits should the need arise. However, we have no legal obligation to pay for any of the liabilities of the ventures nor do we have any legal obligation to fund operating deficits.”
If you have any questions regarding our response, please contact me at 212-492-8972.
         
  Sincerely,
 		  
  /s/ Thomas J. Ridings    
  Thomas J. Ridings   
  Chief Accounting Officer