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):  March 5, 2009

W. P. CAREY & CO. LLC

(Exact Name of Registrant as Specified in Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-13779	13-3912578
(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 (see General Instruction A.2. below):

  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 8.01  OTHER EVENTS.

On March 5, 2009, W. P. Carey & Co. LLC (the “Company”) issued a press release announcing the initiation of a share repurchase program authorizing the Company to repurchase up to $3.5 million of its common stock during the period commencing on or about March 5, 2009 through March 27, 2009 or the date that the maximum amount is reached, if earlier.  A copy of the press release is being furnished as Exhibit 99.1 to this Report.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS.

(d)  Exhibits

99.1   Press Release issued on March 5, 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:  March 5, 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 Announces New $3.5 Million Share Repurchase Program

NEW YORK, NY--(Marketwire - March 05, 2009) - Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that its Board of Directors has approved a new share repurchase program authorizing the repurchase of up to $3.5 million of the Company's outstanding shares from March 5, 2009 through March 27, 2009 or the date that the maximum amount has been purchased, if earlier. It is intended that the shares will be purchased through a Rule 10b5-1 plan. Under the Company's previous $10 million share repurchase plan, which ran from December 16, 2008 through March 4, 2009, it purchased approximately $9.3 million of its outstanding shares.

W. P. Carey & Co. LLC

W. P. Carey & Co. LLC is an investment management company that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages a global investment portfolio worth approximately $10 billion. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of income-generating, non-traded REITs help companies and private equity firms unlock capital tied up in real estate assets. The W. P. Carey Group's investments are highly diversified, comprising contractual agreements with more than 300 long-term corporate obligors spanning 28 industries and 14 countries. http://www.wpcarey.com

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 office and industrial 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.

W. P. Carey & Co. LLC

50 Rockefeller Plaza

New York, NY 10020

www.wpcarey.com

COMPANY CONTACT:

Susan C. Hyde

W. P. Carey & Co. LLC

212-492-1151

shyde@wpcarey.com

PRESS CONTACT:

Guy Lawrence

Ross & Lawrence

212-308-3333

gblawrence@rosslawpr.com