425

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): February 29, 2012

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, including 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):

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

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

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

¨ 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 February 29, 2012, the registrant made available certain supplemental unaudited financial information at December 31, 2011. 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 Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liability of that section, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Act”) or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1 Supplemental information of the registrant at December 31, 2011.

Cautionary Statement Concerning Forward-Looking Statements:

On February 21, 2012, W. P. Carey & Co. LLC (“W. P. Carey” or the “Company”) filed a Form 8-K announcing that its Board of Directors had approved a plan to reorganize the Company in order to qualify as a real estate investment trust (“REIT”) for U.S. federal income tax purposes (the “REIT Reorganization”). As part of the REIT Reorganization, on February 17, 2012, W. P. Carey entered into (i) an Agreement and Plan of Merger (the “Conversion Agreement”) with W. P. Carey REIT, Inc., a newly formed Maryland corporation and wholly-owned subsidiary of the Company (“NewCo REIT”) providing for, among other things, the merger of the Company with and into NewCo REIT (the “Conversion”), with NewCo REIT succeeding to and continuing to operate the existing business of the Company, and (ii) an Agreement and Plan of Merger (the “Merger Agreement,” and together with the Conversion Agreement, the “Transaction Agreements”) with Corporate Property Associates 15 Incorporated (“CPA^®:15”), CPA 15 Holdco, Inc., a Maryland corporation and wholly-owned subsidiary of CPA^®:15 (“CPA 15 Holdco”), NewCo REIT, CPA 15 Merger Sub Inc., an indirect subsidiary of NewCo REIT (“CPA^®:15 Merger Sub”), and, for the limited purposes set forth therein, Carey Asset Management Corp. and W. P. Carey & Co. B.V., each a subsidiary of W. P. Carey. CPA^®:15 is a publicly-owned, non-listed REIT, which was sponsored by W. P. Carey and for which W. P. Carey and its affiliates serve as advisor. Upon the terms and subject to the conditions set forth in the Merger Agreement, CPA 15 Holdco will merge with and into CPA^®:15 Merger Sub, with CPA^®:15 Merger Sub surviving the merger as an indirect subsidiary of NewCo REIT and CPA^®:15 being a direct subsidiary of CPA^®:15 Merger Sub (the “Merger,” and together with the Conversion, the “Transactions”).

Certain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding the intent, belief or expectations of W. P. Carey and can be identified by the use of words such as “may,” “will,” “should,” “would,” “assume,” “outlook,” “seek,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast” and other comparable terms. These forward-looking statements include, but are not limited to, statements regarding the benefits of the REIT Conversion and the Merger, integration plans and expected synergies, the expected benefits of the REIT Conversion, anticipated future financial and operating performance and results, including estimates of growth, and the expected timing of completion of the proposed REIT Conversion and the Merger. These statements are based on the current expectations of the management of W. P Carey. It is important to note that W. P. Carey’s actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on future results, performance or achievements of the combined company. Discussions of some of these other important factors and assumptions are contained in W. P. Carey’s filings with the SEC and are available at the SEC’s website at http://www.sec.gov, including: (a) Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2010 as filed with the SEC on February 25, 2011 and (b) in the Current Report on Form 8-K filed with the SEC on June 10, 2011. These risks, as well as other risks associated with the proposed merger, will be more fully discussed in the joint proxy statement/prospectus that will be included in the Registration Statement on Form S-4 that W. P. Carey will file with the SEC in connection with the proposed REIT Conversion and the Merger. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this communication may not occur. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication. Except as required under the federal securities laws and the rules and regulations of the SEC, W. P. Carey does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.

Additional Information and Where to find it:

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. W. P. Carey intends to file a registration statement on Form S-4 that will include a joint proxy statement / prospectus and other relevant documents to be mailed by W. P. Carey and CPA^®:15 to their respective security holders in connection with the proposed REIT Conversion and the Merger. WE URGE INVESTORS TO READ THE JOINT PROXY STATEMENT / PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT W. P. CAREY, CPA^®:15 AND THE PROPOSED REIT CONVERSION AND MERGER. INVESTORS ARE URGED TO READ THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY. Investors will be able to obtain these materials (when they become available) and other documents filed with the SEC free of charge at the SEC’s website (http://www.sec.gov). In addition, these materials (when they become available) will also be available free of charge by accessing W. P. Carey’s website (http://www.wpcarey.com) or by accessing CPA^®:15’s website (http://www.cpa15.com). Investors may also read and copy any reports, statements and other information filed by W. P. Carey or CPA^®:15, with the SEC, at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 or visit the SEC’s website for further information on its public reference room.

Participants in the Proxy Solicitation:

Information regarding W. P. Carey’s directors and executive officers is available in its proxy statement filed with the SEC by W. P. Carey on April 29, 2011 in connection with its 2011 annual meeting of shareholders, and information regarding CPA^®:15’s directors and executive officers is available in its proxy statement filed with the SEC by CPA^®:15 on April 29, 2011 in connection with its 2011 annual meeting of stockholders. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.

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: February 29, 2012	By:	/s/ Mark J. DeCesaris
		Mark J. DeCesaris
		Chief Financial Officer

EX-99.1

Exhibit 99.1

Filed by W. P. Carey & Co. LLC

Pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934

Subject Company: W. P. Carey & Co. LLC

(Commission File Number: 001-13779)

W. P. Carey & Co. LLC

Supplemental Operating and Financial Data

As of December 31, 2011

Important Disclosures About this Supplemental Package

As used in this supplemental package, the terms “W. P. Carey,” “WPC LLC,” “the Company,” “we,” “us” and “our” include W. P. Carey & Co. LLC, its consolidated subsidiaries and predecessors, unless otherwise indicated. “GAAP” means generally accepted accounting principles in the United States. “CPA^® REITs” means Corporate Property Associates 15 Incorporated (“CPA^®:15”), Corporate Property Associates 16 – Global Incorporated (“CPA^®:16 – Global”) and Corporate Property Associates 17 – Global Incorporated (“CPA^®:17 – Global”). The “REITs” means the CPA^® REITs and Carey Watermark Investors Incorporated (“CWI”). Corporate Property Associates 14 Incorporated (“CPA^®:14”) was part of the CPA^® REITs until its merger with a subsidiary of CPA^®:16 – Global on May 2, 2011 (the “CPA^®:14/16 Merger”).

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—as adjusted (“AFFO”), 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.

Cautionary Statement Concerning Forward-Looking Statements:

Certain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Act and the Exchange Act, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding the intent, belief or expectations of W. P. Carey & Co. LLC (“W. P. Carey”) and can be identified by the use of words such as “may,” “will,” “should,” “would,” “assume,” “outlook,” “seek,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” and other comparable terms. These forward-looking statements include, but are not limited to, statements regarding the anticipated future financial and operating performance and results, including estimates of growth. These statements are based on the current expectations of the management of W. P Carey. It is important to note that W. P. Carey’s actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks include, but are not limited to, 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. Other unknown or unpredictable factors could also have material adverse effects on future results, performance or achievements of the company. Discussions of some of these other important factors and assumptions are contained in W. P. Carey’s filings with the Securities and Exchange Commission (the “SEC”) and are available at the SEC’s website at http://www.sec.gov, including: (a) Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2010 as filed with the SEC on February 25, 2011 and (b) in the Current Report on Form 8-K filed with the SEC on June 10, 2011. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this communication may not occur. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication. Except as required under the federal securities laws and the rules and regulations of the SEC, W. P. Carey does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.

W. P. CAREY & CO. LLC

Supplemental Unaudited Operating and Financial Data

As of December 31, 2011

Contents	Page No.
Company Overview		1
Financial Highlights		2
Reconciliation of Net Income to EBITDA		3
Reconciliation of Net Income to Funds from Operations — as Adjusted (AFFO)		4
Adjusted Cash Flow from Operating Activities		6
Revenue Stability Analysis		7
Portfolio Debt Overview		9
Detailed Debt Summary		10
2011 Investment Activity		11
Portfolio Analysis — Rent Contribution and Historical Occupancy		15
Portfolio and Diversification Analysis by Property Type		16
Portfolio and Diversification Analysis by Tenant Industry		17
Portfolio and Diversification Analysis by Geography		18
Portfolio Lease Maturity Analysis		19
Consolidated Balance Sheets		20
Consolidated Statements of Income		21
Consolidated Statements of Cash Flows		22
Detailed Property Summary		23

W. P. CAREY & CO. LLC

Company Overview

December 31, 2011

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

		September 30,			September 30,			September 30,			September 30,			September 30,
	Fourth Quarter			Third Quarter			Second Quarter			First Quarter			Fourth Quarter
Stock Data (NYSE: WPC)	2011			2011			2011			2011			2010
High Price	$	44.71		$	42.72		$	41.82		$	38.00		$	33.97
Low Price		34.50			32.76			34.75			29.75			28.83
Closing Price		40.94			36.43			40.50			35.70			31.29
Distributions declared per share — annualized	$	2.25		$	2.24		$	2.20		$	2.05		$	2.04
Distribution yield (annualized distribution / closing stock price)		5.50	%		6.15	%		5.43	%		5.74	%		6.52	%
Shares outstanding at quarter end		39,729,018			39,717,286			39,707,156			39,614,250			39,454,847
Market value of outstanding shares at quarter end     (in thousands)	$	1,626,506		$	1,446,901		$	1,608,140		$	1,414,229		$	1,234,542

W. P. Carey 2011 Supplemental 8-K — 1

W. P. CAREY & CO. LLC

Financial Highlights

(in thousands, except per share amounts)

These financial highlights include non-GAAP financial measures, including EBITDA, AFFO 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										Years Ended December 31,
	December 31, 2011		September 30, 2011		June 30, 2011 (b)		March 31, 2011		December 31, 2010		2011 (b)			2010			2009
EBITDA (a)
Investment management	$	10,531	$	21,631	$	58,912	$	21,359	$	27,562	$	112,433		$	69,886		$	56,679
Real estate ownership		13,098		23,017		57,673		19,513		14,172		115,908			70,603			75,174
Total	$	23,629	$	44,648	$	116,585	$	40,872	$	41,734	$	228,341		$	140,489		$	131,853
AFFO (a)
Investment management	$	14,290	$	18,546	$	48,157	$	20,650	$	18,194	$	101,643		$	50,239		$	37,541
Real estate ownership		20,919		23,004		24,611		18,492		18,083		87,210			80,631			85,335
Total	$	35,209	$	41,550	$	72,768	$	39,142	$	36,277	$	188,853		$	130,870		$	122,876
EBITDA Per Share (Diluted) (a)
Investment management	$	0.26	$	0.54	$	1.46	$	0.53	$	0.69	$	2.80		$	1.75		$	1.43
Real estate ownership		0.33		0.57		1.44		0.49		0.35		2.89			1.76			1.89
Total	$	0.59	$	1.11	$	2.90	$	1.02	$	1.04	$	5.69		$	3.51		$	3.32
AFFO Per Share (Diluted) (a)
Investment management	$	0.36	$	0.46	$	1.20	$	0.51	$	0.45	$	2.54		$	1.26		$	0.94
Real estate ownership		0.52		0.57		0.61		0.46		0.45		2.17			2.01			2.15
Total	$	0.88	$	1.03	$	1.81	$	0.97	$	0.90	$	4.71		$	3.27		$	3.09
											Years Ended December 31,
											2011			2010			2009
Adjusted Cash Flow From Operating Activities
Adjusted cash flow											$	98,588		$	88,634		$	93,880
Adjusted cash flow per share (diluted)											$	2.46		$	2.22		$	2.36
Distributions declared per share											$	2.185		$	2.028		$	1.996
Payout ratio (distributions per share/adjusted cash flow per share)												89	%		91	%		85	%

(a) Effective January 1, 2011, we include our equity investments in the REITs in our real estate ownership segment. The equity income (loss) from the REITs that is now included in our real estate ownership segment represents our proportionate share of the revenue less expenses of the properties held by the REITs. This treatment is consistent with that of our directly-owned properties. Results for the three months ended December 31, 2010 as well as the years ended December 31, 2010 and 2009 have been adjusted to reflect this reclassification.

(b) Results for the three months ended June 30, 2011 and the year ended December 31, 2011 include the impact of the CPA^®14/16 Merger in May 2011.

W. P. Carey 2011 Supplemental 8-K — 2

W. P. CAREY & CO. LLC

Reconciliation of Net Income to EBITDA

(in thousands, except share and per share amounts)

	Three Months Ended												Years Ended December 31,
	December 31, 2011			September 30, 2011		June 30, 2011 (b)			March 31, 2011		December 31, 2010		2011 (b)		2010		2009
Investment Management
Net income from investment management attributable to W.P. Carey members (a)	$	13,095		$	15,737	$	31,989		$	13,177	$	15,731	$	73,998	$	41,573	$	31,059
Adjustments:
Provision for income taxes		(3,540	)		5,075		26,056			7,380		10,668		34,971		23,661		21,813
Depreciation and amortization		976			819		867			802		1,163		3,464		4,652		3,807
EBITDA — investment management	$	10,531		$	21,631	$	58,912		$	21,359	$	27,562	$	112,433	$	69,886	$	56,679
EBITDA per share (diluted)	$	0.26		$	0.54	$	1.46		$	0.53	$	0.69	$	2.80	$	1.75	$	1.43
Real Estate Ownership
Net (loss) income from real estate ownership attributable to W. P. Carey members (a)	$	(4,004	)	$	9,465	$	47,123		$	10,166	$	4,050	$	65,081	$	32,399	$	37,964
Adjustments:
Interest expense		6,260			5,989		5,396			4,440		4,334		21,920		15,725		14,462
Provision for income taxes		2,227			856		(1,296	)		194		914		2,257		2,161		980
Depreciation and amortization		8,416			6,361		6,438			4,648		4,210		25,054		17,952		17,072
Reconciling items attributable to discontinued operations		199			346		12			65		664		1,596		2,366		4,696
EBITDA — real estate ownership	$	13,098		$	23,017	$	57,673		$	19,513	$	14,172	$	115,908	$	70,603	$	75,174
EBITDA per share (diluted)	$	0.33		$	0.57	$	1.44		$	0.49	$	0.35	$	2.89	$	1.76	$	1.89
Total Company
EBITDA	$	23,629		$	44,648	$	116,585		$	40,872	$	41,734	$	228,341	$	140,489	$	131,853
EBITDA per share (diluted)	$	0.59		$	1.11	$	2.90		$	1.02	$	1.04	$	5.69	$	3.51	$	3.32
Diluted weighted average shares outstanding		40,152,444			40,404,520		40,243,548			40,242,706		40,104,715		40,098,095		40,007,894		39,712,735

(a) Effective January 1, 2011, we include our equity investments in the REITs in our real estate ownership segment. The equity income (loss) from the REITs that is now included in our real estate ownership segment represents our proportionate share of the revenue less expenses of the properties held by the REITs. This treatment is consistent with that of our directly-owned properties. Results for the three months ended December 31, 2010 as well as the years ended December 31, 2010 and 2009 have been adjusted to reflect this reclassification.

(b) Results for the three months ended June 30, 2011 and the year ended December 31, 2011 include the impact of the CPA^®14/16 Merger in May 2011.

Non-GAAP Financial Disclosure

EBITDA as disclosed represents earnings before interest, taxes, depreciation and amortization. We believe that EBITDA is a useful supplemental measure to investors and analysts for assessing the performance of our business segments, although it does not represent net income that is computed in accordance with GAAP, because it removes the impact of our capital structure and asset base from our operating results and because it is helpful when comparing our operating performance to that of companies in our industry without regard to such items, which can vary substantially from company to company. Accordingly, EBITDA should not be considered as an alternative to net income as an indicator of our financial performance. EBITDA may not be comparable to similarly titled measures of other companies. Therefore, we use EBITDA as one measure of our operating performance when we formulate corporate goals, evaluate the effectiveness of our strategies and determine executive compensation.

W. P. Carey 2011 Supplemental 8-K — 3

W. P. CAREY & CO. LLC

Reconciliation of Net Income to Funds from Operations – as Adjusted (AFFO)

(in thousands, except share and per share amounts)

	Three Months Ended															Years Ended December 31,
	December 31, 2011			September 30, 2011			June 30, 2011 (d)			March 31, 2011			December 31, 2010			2011 (d)			2010			2009
Investment Management
Net Income from investment management attributable to W. P. Carey members (a)	$	13,095		$	15,737		$	31,989		$	13,177		$	15,731		$	73,998		$	41,573		$	31,059
FFO — as defined by NAREIT (b)		13,095			15,737			31,989			13,177			15,731			73,998			41,573			31,059
Adjustments:
Amortization and other non-cash charges		3,297			4,953			17,583			7,473			2,463			33,306			8,666			6,482
Proportionate share of adjustments to equity in net income of partially owned entities to arrive at AFFO:
AFFO adjustments to equity earnings from equity investments		(2,102	)		(2,144	)		(1,415	)		—			—			(5,661	)		—			—
Total adjustments		1,195			2,809			16,168			7,473			2,463			27,645			8,666			6,482
AFFO — Investment Management	$	14,290		$	18,546		$	48,157		$	20,650		$	18,194		$	101,643		$	50,239		$	37,541
Real Estate Ownership
Net Income from real estate ownership attributable to W. P. Carey members (a)	$	(4,004	)	$	9,465		$	47,123		$	10,166		$	4,050		$	65,081		$	32,399		$	37,964
Adjustments:
Depreciation and amortization of real property		8,415			6,194			6,240			4,475			4,565			25,324			19,022			18,948
Impairment charges		5,498			4,934			41			—			6,763			10,473			15,381			10,424
Loss (gain) on sale of real estate, net		3,655			396			121			(781	)		—			3,391			(460	)		(7,701	)
Proportionate share of adjustments to to equity in net income of partially owned entities to arrive at FFO:
Depreciation and amortization of real property		1,208			1,173			1,328			1,548			1,550			5,257			6,477			10,598
Impairment charges		—			—			—			1,090			—			1,090			1,394			—
Loss (gain) on sale of real estate, net		—			—			34			—			—			34			(38	)		—
Proportionate share of adjustments for noncontrolling interests to arrive at FFO		(508	)		(1,157	)		(123	)		(196	)		(195	)		(1,984	)		(727	)		(586	)
Total adjustments		18,268			11,540			7,641			6,136			12,683			43,585			41,049			31,683
FFO — as defined by NAREIT (b)		14,264			21,005			54,764			16,302			16,733			108,666			73,448			69,647
Adjustments:
Gain on change in control of interests (c)		—			—			(27,859	)		—			—			(27,859	)		—			—
Gain on deconsolidation of a subsidiary		—			(1,008	)		—			—			—			(1,008	)		—			—
Other gains, net		(1,118	)		135			—			—			(755	)		(983	)		(755	)		(2,796	)
Other depreciation, amortization and non-cash charges		853			168			(2,443	)		(635	)		(14	)		(1,780	)		(934	)		(4,122	)

W. P. Carey 2011 Supplemental 8-K — 4

	Three Months Ended															Years Ended December 31,
	December 31, 2011			September 30, 2011			June 30, 2011 (d)			March 31, 2011			December 31, 2010			2011 (d)			2010			2009
Straight-line and other rent adjustments		(1,804	)		(1,014	)		(1,020	)		(417	)		128			(4,255	)		295			1,273
Proportionate share of adjustments to equity in net income of partially owned entities to arrive at AFFO:
Other depreciation, amortization and other non-cash charges		—			—			—			—			—			—			25			24
Straight-line and other rent adjustments		(414	)		(463	)		(142	)		(622	)		(532	)		(1,641	)		(2,260	)		(1,371	)
AFFO adjustments to equity earnings from equity investments		9,084			4,122			1,238			3,778			2,485			15,798			10,696			22,675
Proportionate share of adjustments for noncontrolling interests to arrive at AFFO		54			59			73			86			38			272			116			5
Total adjustments		6,655			1,999			(30,153	)		2,190			1,350			(21,456	)		7,183			15,688
AFFO — Real Estate Ownership	$	20,919			23,004			24,611			18,492			18,083			87,210			80,631			85,335
Total Company
FFO — as defined by NAREIT	$	27,359		$	36,742		$	86,753		$	29,479		$	32,464		$	182,664		$	115,021		$	100,706
FFO — as defined by NAREIT (diluted)	$	0.68		$	0.91		$	2.16		$	0.73		$	0.81		$	4.56		$	2.87		$	2.54
AFFO	$	35,209		$	41,550		$	72,768		$	39,142		$	36,277		$	188,853		$	130,870		$	122,876
AFFO per share (diluted)	$	0.88		$	1.03		$	1.81		$	0.97		$	0.90		$	4.71		$	3.27		$	3.09
Diluted weighted average shares outstanding		40,152,444			40,404,520			40,243,548			40,242,706			40,104,715			40,098,095			40,007,894			39,712,735

(a) Effective January 1, 2011, we include our equity investments in the REITs in our real estate ownership segment. The equity income (loss) from the REITs that is now included in our real estate ownership segment represents our proportionate share of the revenue less expenses of the properties held by the REITs. This treatment is consistent with that of our directly-owned properties. Results for the three months ended December 31, 2010 as well as the years ended December 31, 2010 and 2009 have been adjusted to reflect this reclassification.

(b) The SEC Staff has recently advised that they take no position on the inclusion or exclusion of impairment write-downs in arriving at Funds from Operations (“FFO”). Since 2003, the National Association of Real Estate Investment Trusts (“NAREIT”) has taken the position that the exclusion of impairment charges is consistent with its definition of FFO. Accordingly, we have revised our computation of FFO to exclude impairment charges, if any, in arriving at FFO for all periods presented.

(c) Represents gain recognized on purchase of the remaining interests in two ventures from CPA^®:14, which we had previously accounted for under the equity method. In connection with purchasing these properties, we recognized a net gain of $27.9 million during the year ended December 31, 2011 to adjust the carrying value of our existing interests in these ventures to their estimated fair values.

(d) Results for the three months ended June 30, 2011 and the year ended December 31, 2011 include the impact of the CPA^®14/16 Merger in May 2011.

Non-GAAP Financial Disclosure

FFO is a non-GAAP measure defined by NAREIT. NAREIT defines FFO as net income or loss (as computed in accordance with GAAP) excluding: depreciation and amortization expense from real estate assets, impairment charges on real estate, gains or losses from sales of depreciated real estate assets and extraordinary items; however, FFO related to assets held for sale, sold or otherwise transferred and included in the results of discontinued operations are included. These adjustments also incorporate the pro rata share of unconsolidated subsidiaries. FFO is used by management, investors and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers. Although NAREIT has published this definition of FFO, companies often modify this definition as they seek to provide financial measures that meaningfully reflect their distinctive operations.

We modify the NAREIT computation of FFO to 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, gains or losses from extinguishment of debt and deconsolidation of subsidiaries and unrealized foreign currency exchange gains and losses. We refer to our modified definition of FFO as AFFO. 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 have no impact on cash flows, and we therefore use AFFO as one measure of our operating performance when we formulate corporate goals, evaluate the effectiveness of our strategies, and determine executive compensation. We believe that AFFO is a useful supplemental measure for investors to consider because it will help them to better assess the sustainability of our operating performance without the potentially distorting impact of these short-term fluctuations. However, there are limits on the usefulness of AFFO to investors. For example, impairment charges and unrealized foreign currency losses that we exclude may become actual realized losses upon the ultimate disposition of the properties in the form of lower cash proceeds or other considerations.

W. P. Carey 2011 Supplemental 8-K — 5

W. P. Carey & Co. LLC

Adjusted Cash Flow from Operating Activities

(in thousands, except share and per share amounts)

		September 30,			September 30,			September 30,
	Years Ended December 31,
	2011			2010			2009
Cash flow provided by operating activities	$	80,116		$	86,417		$	74,544
Adjustments:
Distributions received from equity investments in real estate in excess of equity income (a)		17,033			9,253			18,503
Distributions paid to noncontrolling interests, net (b)		(946	)		(614	)		(568	)
Changes in working capital (c)		12,718			(6,422	)		1,401
CPA®:14/16 Merger - revenue net of costs/taxes (d)		(10,333	)		—			—
Adjusted cash flow from operating activities	$	98,588		$	88,634		$	93,880
Adjusted cash flow per share (diluted)	$	2.46		$	2.22		$	2.36
Distributions declared per share	$	2.185		$	2.028		$	1.996
Payout ratio (distributions per share/adjusted cash flow per share)		89	%		91	%		85	%
Diluted weighted average shares outstanding		40,098,095			40,007,894			39,712,735

(a) We take a substantial portion of our asset management revenue in shares of the CPA^® REITs. 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 distributions made by ventures that we consolidate in our financial statements.

(c) Timing differences arising from the payment of certain liabilities and the receipt of certain receivables in a period other than that in which the item 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 item was actually recognized.

(d) Amounts represent termination and subordinated disposition revenue, net of a 45% tax provision, earned in connection with the CPA^®:14/16 Merger. This revenue is generally earned in connection with events that provide liquidity or alternatives to the CPA^® REIT shareholders. In determining cash flow generated from our core operations, we believe it is more appropriate to normalize cash flow for the impact of the net revenue earned in connection with the CPA^®:14/16 Merger.

Non-GAAP Financial Disclosure

Adjusted cash flow from operating activities refers to our cash flow from operating activities (as computed in accordance with GAAP) adjusted, where applicable, primarily to: add cash distributions that we receive from our investments in unconsolidated real estate joint ventures in excess of our equity income; subtract cash distributions that we make to our noncontrolling partners in real estate joint ventures that we consolidate; and eliminate changes in working capital. We hold a number of interests in real estate joint ventures, and we believe that adjusting our GAAP cash flow provided by operating activities to reflect these actual cash receipts and cash payments, as well as eliminating the effect of timing differences between the payment of certain liabilities and the receipt of certain receivables in a period other than that in which the item is recognized may give investors additional information about our actual cash flow that is not incorporated in cash flow from operating activities as defined by GAAP.

We believe that adjusted cash flow from operating activities is a useful supplemental measure for assessing the cash flow generated from our core operations as it gives investors important information about our liquidity that is not provided within cash flow from operating activities as defined by GAAP, and we use this measure when evaluating distributions to shareholders. Adjusted cash flow from operating activities should not be considered as an alternative to cash provided by operating activities computed on a GAAP basis as a measure of our liquidity.

W. P. Carey 2011 Supplemental 8-K — 6

W. P. CAREY & CO. LLC

Revenue Stability Analysis (Pro rata Basis)

(in thousands)

	Three Months Ended																														Years Ended December 31,
	December 31, 2011						September 30, 2011						June 30, 2011						March 31, 2011						December 31, 2010						2011						2010						2009
	Revenue			%			Revenue			%			Revenue			%			Revenue			%			Revenue			%			Revenue			%			Revenue			%			Revenue			%
Asset management revenue	$	15,529			30	%	$	14,840			22	%	$	16,619			16	%	$	19,820			31	%	$	19,127			28	%	$	66,808			23	%	$	76,246			34	%	$	76,621			38	%
Incentive, termination and subordinated disposition revenue (a)		—			0	%		—			0	%		52,515			50	%		—			0	%		—			0	%		52,515			19	%		—			0	%		—			0	%
Pro rata net lease revenues		32,021			62	%		31,255			46	%		29,727			29	%		27,453			44	%		26,739			38	%		119,394			42	%		105,542			46	%		100,428			50	%
		47,550			92	%		46,095			68	%		98,861			95	%		47,273			75	%		45,866			66	%		238,717			84	%		181,788			80	%		177,049			88	%
Structuring revenue (b)		3,930			8	%		21,221			32	%		5,735			5	%		15,945			25	%		23,881			34	%		46,831			16	%		44,525			20	%		23,273			12	%
Total Adjusted Revenue	$	51,480			100	%	$	67,316			100	%	$	104,596			100	%	$	63,218			100	%	$	69,747			100	%	$	285,548			100	%	$	226,313			100	%	$	200,322			100	%
Reconciliation of Total Adjusted Revenue
Total revenue — as reported	$	63,169					$	78,372					$	118,398					$	77,532					$	81,969					$	336,409					$	269,854					$	228,381
Less: Reimbursed costs from affiliates (c)		(15,344	)					(14,707	)					(17,059	)					(17,719	)					(13,713	)					(64,829	)					(60,023	)					(47,534	)
Less: Wholesaling revenue (c)		(2,876	)					(2,586	)					(2,922	)					(3,280	)					(4,503	)					(11,664	)					(11,096	)					(7,691	)
Add: Pro rata share of revenues from equity investments		6,967						6,689						6,844						7,760						6,889						28,260						31,291						31,124
Less: Pro rata share of revenues due to noncontrolling interests		(436	)					(452	)					(665	)					(1,075	)					(895	)					(2,628	)					(3,713	)					(3,958	)
Total Adjusted Revenue	$	51,480					$	67,316					$	104,596					$	63,218					$	69,747					$	285,548					$	226,313					$	200,322
Reconciliation of Total Pro Rata Net Lease Revenues
Lease revenues – as reported	$	19,360					$	18,609					$	17,839					$	15,460					$	15,403					$	70,206					$	59,881					$	58,564
Add: Pro rata share of revenues from equity investments		6,967						6,689						6,844						7,760						6,889						28,260						31,291						31,124
Less: Pro rata share of revenues due to noncontrolling interests		(436	)					(452	)					(665	)					(1,075	)					(895	)					(2,628	)					(3,713	)					(3,958	)
Add: Other real estate income (d)		6,130						6,409						5,709						5,308						5,342						23,556						18,083						14,698
Total Pro Rata Net Lease Revenues	$	32,021					$	31,255					$	29,727					$	27,453					$	26,739					$	119,394					$	105,542					$	100,428

(a) Upon consummation of the CPA^®:14/16 Merger, we earned revenues of $31.2 million in connection with the termination of the advisory agreement with CPA^®:14, which we received in the form of shares of CPA^®:16 – Global common stock, and $21.3 million of subordinated disposition revenues.

(b) We earn structuring revenue on acquisitions structured on behalf of the REITs we manage and expect significant period-to-period variation in such revenue based on changes in investment volume. Investments structured on behalf of the REITs totaled approximately $132 million, $498 million, $249 million, $345 million and $593 million for the three months ended December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively, and approximately $1.2 billion, $1.0 billion and $508 million for the years ended December 31, 2011, 2010 and 2009, respectively.

(c) Total adjusted revenue excludes reimbursements of costs received from the affiliated REITs as they have no impact on net income. Also excluded is wholesaling revenue earned in connection with CPA^®:17 – Global’s and CWI’s public offerings, which is substantially offset by underwriting costs incurred in connection with the offerings.

(d) Other real estate income generally consists of revenue from Carey Storage Management LLC (“Carey Storage”), a subsidiary that invests in domestic self-storage properties, and Livho, Inc., a subsidiary that operates a 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.

Note: Amounts presented for prior periods do not reflect subsequent adjustments to historical amounts presented for assets reclassified as held for sale or sold.

W. P. Carey 2011 Supplemental 8-K — 7

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 useful to investors and analysts as a supplemental measure of revenues from our core operations, and we use it to evaluate the stability of our underlying revenue streams. Total adjusted revenue should not be considered as an alternative to 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.

W. P. Carey 2011 Supplemental 8-K — 8

W. P. CAREY & CO. LLC

Portfolio Debt Overview (Pro rata Basis)

As of December 31, 2011

(in thousands)

Portfolio Debt Maturity

		September 30,
Year of Maturity	Outstanding Balance
2012	$	29,104
2013		817
2014		295,566	(a)
2015		47,718
2016		61,779
2017		54,598
2018		30,017
2019		25,399
2020		92,582
2021		4,927
2022		—
2023		4,823
2024		—
2025		24,000
Total	$	671,330

Debt Maturity Analysis

Year of Maturity

Fixed and Variable Rate Debt Analysis

		September 30,
Non-Recourse Debt	Outstanding Balance
Fixed	$	288,816
Fixed — Future Rate Reset		62,155
Variable — Capped		21,775
Variable — Floating		14,047
Fixed — Swap Agreement		47,017
Variable		4,360
		438,170
Recourse Debt
Variable — Line of Credit		233,160
Total Debt	$	671,330

(a) Amount includes outstanding recourse debt on the unsecured line of credit.

W. P. Carey 2011 Supplemental 8-K — 9

W. P. CAREY & CO. LLC

Detailed Debt Summary (Pro rata Basis)

As of December 31, 2011

(in thousands)

	000000		000000			000000		000000
Tenant/Lease Guarantor / Percent Ownership	Rate Type	Current Interest Rate			Maturity Date		Outstanding Balance
Qwest Communications, Inc.	Fixed		7.50	%		Jun-2012	$	1,304
AutoZone, Inc. — Series C	Fixed		6.85	%		Aug-2012		154
Anthony’s Manufacturing Company	Fixed		5.11	%		Oct-2012		8,020
BE Aerospace, Inc.	Fixed		6.11	%		Nov-2012		7,990
Faurecia Exhaust Systems, Inc.	Fixed		5.16	%		Nov-2012		2,313
Alstom Power, Inc. and Werner Co.	Fixed		5.18	%		Dec-2012		9,323
AutoZone, Inc. — Series D	Fixed		6.85	%		Aug-2013		817
US Airways Group, Inc. (75%)	Variable - Floating		4.27	%		Apr-2014		14,047
Billipp Portfolio	Variable		2.75	%		May-2014		4,360
Carrefour France, SAS (46%) (a)	Fixed - Future Rate Reset		5.55	%		Dec-2014		43,999
Hibbett Sports	Fixed - Swap		6.45	%		May-2015		4,557
Lowe’s Home Improvement Warehouse	Fixed		4.87	%		Sep-2015		8,532
Bouygues Telecom, S.A. (Tours) (95%) (a)	Fixed		3.07	%		Oct-2015		5,293
The American Bottling Company	Fixed		5.13	%		Nov-2015		29,336
World Color Printing	Fixed		5.30	%		May-2016		4,939
CheckFree Holdings, Inc. (b)	Fixed		6.18	%		Jun-2016		28,752
Self-Storage Facility — Bentonville, AR (40%)	Fixed		6.41	%		Jul-2016		823
Sprint Spectrum, LP	Fixed		4.85	%		Aug-2016		8,418
Self-Storage Facility — Tallahassee, FL (40%)	Fixed		6.05	%		Oct-2016		1,559
Bouygues Telecom, S.A. (Illkirch-Graffenstaden) (75%) (a) (c)	Fixed		5.01	%		Oct-2016		10,574
Consolidated Systems, Inc. (60%)	Fixed		5.87	%		Nov-2016		6,714
Hellweg Die Profi-Baumärkte GmbH & Co. KG (5%) (a)	Fixed		5.49	%		Jan-2017		896
24 Hour Fitness USA, Inc.	Fixed		5.50	%		Jun-2017		3,314
Amylin Pharmaceuticals, Inc. (b)	Fixed		6.20	%		Jul-2017		34,800
Medica France, S.A. (46%) (a)	Fixed		4.50	%		Oct-2017		15,588
The New York Times Company (17.75%)	Variable - Capped		2.87	%		Apr-2018		21,775
OBI Wroclaw (a)	Fixed - Swap		5.48	%		May-2018		8,242
Self-Storage Portfolio (40%) (c)	Fixed - Future Rate Reset		7.03	%		Feb-2019/Mar-2019		12,714
Orbital Sciences Corporation	Fixed		7.75	%		Jul-2019		12,685
JPMorgan Chase Bank, N.A.	Fixed - Swap		5.47	%		Jul-2020		34,218
Self-Storage Facilities — Chicago, IL (40%)	Fixed - Future Rate Reset		6.25	%		Aug-2020		2,757
Self-Storage Facility — Pensacola, FL	Fixed - Future Rate Reset		6.25	%		Nov-2020		1,838
Self-Storage Facility — Chicago, IL (40%)	Fixed - Future Rate Reset		6.62	%		Dec-2020		847
Federal Express Corporation (b)	Fixed		5.48	%		Dec-2020		52,922
Information Resources, Inc. (33%)	Fixed		5.92	%		Feb-2021		4,927
Hologic, Inc. (36%)	Fixed		6.40	%		May-2023		4,823
Google, Inc.	Fixed		5.15	%		Nov-2025		24,000
Total Non-Recourse Debt			5.41	%(c)				438,170
Unsecured Line of Credit	Variable		4.00	%		Dec-2014		233,160
Total Debt			4.92	%(c)			$	671,330

(a) Debt balance calculated using an exchange rate of 1.2950 EUR/USD as of December 31, 2011.

(b) In connection with the CPA^®:14/16 Merger, we purchased the remaining interest in the property, in which we already had an equity interest, from CPA^®:14.

(c) Reflects the weighted-average interest rate for the applicable debt.

W. P. Carey 2011 Supplemental 8-K — 10

W. P. CAREY & CO. LLC

2011 Investment Activity

As of December 31, 2011

(in thousands, except square footage)

Investment Activity

Acquisitions—REITs ^(a)

	September 30,xxxxxxx	September 30,xxxxxxx		September 30,xxxxxxx	September 30,xxxxxxx	September 30,xxxxxxx		September 30,xxxxxxx
Portfolio(s)	Tenant/Lease Guarantor	Property Location(s)	Purchase Price		Closing Date	Property Type	Gross Square Footage
CPA®:17 – Global	Terminal Freezers, LLC	Oxnard & Watsonville, CA	$	99,634	January-11	Warehouse/Distribution		866,525
CPA®:15 (15%), CPA®:17 – Global (85%)	C1000 Logistiek Vastgoed B.V. (b)	Various locations in The Netherlands		207,635	January-11	Warehouse/Distribution		2,046,858
CPA®:17 – Global	Harbor Freight Tools USA, Inc.	Dillon, SC		32,060	March-11	Warehouse/Distribution		1,010,859
CPA®:17 – Global	Dolgencorp, LLC (c)	Richwood, LA; Vass, NC & Hot Springs, VA		2,893	March-11	Retail		BTS
CPA®:17 – Global	Curtiss-Wright Flow Control Service	Middleburg Heights, OH		2,585	March-11	Industrial		28,185
CPA®:17 – Global	Flanders Corporation	Ardmore, OK; Smithfield, NC; Bartow, FL & Momence, IL		50,790	April-11	Warehouse/Distribution		722,108
CPA®:17 – Global	Berry Plastics Corporation	Evansville, IN		2,723	April-11	Industrial		263,088
CPA®:17 – Global	Dolgencorp, LLC (c)	Hopewell & Chesterfield, VA; Mount Hermon & Mangham, LA		4,311	April-11; May-11 & June-11	Retail		BTS
CPA®:17 – Global	ICF International, Inc. (c)	Martinsville, VA		14,819	May-11	Office		BTS
CPA®:15 (75%), CPA®:16 – Global (25%)	Hellweg Die Profi-Baumärkte GmbH & Co. KG (b)	Bad Salzungen, Germany		4,394	May-11	Retail		72,490
CPA®:17 – Global	CRO - San Luis Development, LLC	Chicago, IL		7,414	June-11	Retail		17,000
CPA®:17 – Global	Dolgencorp, LLC (c)	Choudrant, LA		882	July-11	Retail		BTS
CPA®:17 – Global	Precision Printing and Packing, Inc.	Clarksville, TN		7,960	August-11	Industrial		189,300
CPA®:17 – Global	Dolgencorp, LLC (c)	Gardner, LA		979	August-11	Retail		BTS
CPA®:17 – Global	Faurecia International System, Inc.	Fraser, MI		6,775	September-11	Industrial		164,153
CPA®:17 – Global	Metro AG (b)	Various locations in Italy		395,511	September-11	Retail		2,415,163
CPA®:16 – Global	IDS Manufacturing Sdn. Bhd. (b)	Shah Alam, Malaysia		3,475	October-11	Industrial		391,972
CPA®:17 – Global	Agrokor d.d (b) (c)	Various locations in Croatia		57,509	November-11	Retail		BTS
CPA®:16 – Global	Mantsinen Group Ltd. (b)	Ylämylly, Finland		1,519	November-11	Industrial		20,498
CPA®:17 – Global	American Air Liquide Holdings, Inc.	Countryside, IL		2,250	December-11	Industrial		18,264
CPA®:17 – Global	Flanders Corporation	Hudson, NY		5,217	December-11	Industrial		195,000
Total Acquisitions—Leased Properties				911,335				8,421,463

W. P. Carey 2011 Supplemental 8-K — 11

	September 30,xxxxxxx	September 30,xxxxxxx		September 30,xxxxxxx	September 30,xxxxxxx	September 30,xxxxxxx	September 30,xxxxxxx
Portfolio(s)	Property Type	Property Location(s)	Purchase Price		Closing Date
CPA®:17 – Global	Self-Storage Facility	Fort Worth, TX		3,400	April-11
CWI	Hospitality	Long Beach, CA		43,600	May-11
CPA®:17 – Global	Self-Storage Facilities	Various locations in California, Hawaii and Illinois		86,015	June-11
CPA®:17 – Global	Self-Storage Facility	Kihei, HI		11,069	August-11
CPA®:17 – Global	Self-Storage Facilities	Various locations in California and Illinois		20,292	August-11
CPA®:17 – Global	Self-Storage Facility	Pearl City, HI		6,064	August-11
CWI	Hospitality	New Orleans, LA		32,300	September-11
CPA®:17 – Global	Self-Storage Facilities	Various locations in California and Illinois		8,428	September-11
CPA®:17 – Global	Self-Storage Facility	Chicago, IL		7,891	September-11
CPA®:17 – Global	Self-Storage Facilities	Various locations in California and Illinois		23,700	November-11
CPA®:17 – Global	Self-Storage Facility	Hesperia, CA		2,414	December-11
Total Acquisitions—Hospitality/Self Storage Properties				245,173
Notes Receivable
Portfolio	Borrower/Guarantor	Interest Rate	Note Amount		Closing Date	Maturity Date
CPA®:17 – Global	BPS Partners	8.00%		30,000	June-11	June-16
CPA®:17 – Global	IShops LLC	8.00%		43,000	December-11	December-14
				73,000
Total Acquisitions			$	1,229,508

(a) There were no acquisitions in our owned portfolio, except for those properties acquired in the CPA^®:14/16 Merger in May 2011.

(b) Acquisition price reflects applicable foreign exchange rate.

(c) Acquisition includes a build-to-suit (“BTS”) transaction. Gross square footage cannot be determined at this time.

W. P. Carey 2011 Supplemental 8-K — 12

Disposition Activity

Dispositions — CPA^® REITs

	000000	000000		000000	000000	000000		000000
Portfolio(s)	Tenant/Lease Guarantor	Property Location(s)	Gross Sale Price		Disposition Date	Property Type	Gross Square Footage
CPA®:15	Childtime Childcare, Inc.	Centreville, VA	$	788	February-11	Other		6,360
CPA®:15	Childtime Childcare, Inc.	Century Oaks, VA		1,700	March-11	Other		6,360
CPA®:14	Metaldyne Company	Niles, IL		1,250	April-11	Industrial		125,880
CPA®:14	Westell Technologies, Inc.	Aurora, IL		14,900	April-11	Industrial		204,235
CPA®:14	Amerix Corp.	Columbia, MD		26,000	April-11	Office		154,394
CPA®:16 – Global (50%), CPA®:15 (50%)	Goertz & Schiele (a)	Puttlingen, Germany		438	April-11	Industrial		33,314
CPA®:14	Special Devices, Inc.	Mesa, AZ		22,000	April-11	Industrial		79,275
CPA®:16 – Global	Production Resources Group	Burbank, CA		6,785	May-11	Leisure, Amusement, Entertainment		49,374
CPA®:15	Childtime Childcare, Inc.	Manassas, VA		1,765	May-11	Other		8,854
CPA®:16 – Global	International Garden	Lakewood, NJ		6,000	May-11	Warehouse/Distribution		218,201
CPA®:17 – Global	Carquest Canada Ltd. (a)	New Brunswick and Quebec, Canada		19,773	May-11	Warehouse/Distribution		231,870
CPA®:16 – Global	NutraMax Products, Inc.	Houston, TX		6,874	June-11	Industrial		253,215
CPA®:15 (67%)	Information Resources	Chicago, IL		3,170	June-11	Office		61,603
CPA®:16 – Global	Celadon Group, Inc.	Indianapolis, IN		11,180	July-11	Industrial		76,326
CPA®:16 – Global (70%), CPA®:15 (30%)	PETsMART, Inc.	Various locations in California, Florida, Illinois, Massachusetts, Maryland, Michigan and Texas		74,000	July-11	Retail		209,964
CPA®:15 (67%), CPA®:16 – Global (33%)	Best Buy Stores, L.P.	Various locations in Colorado, Illinois, Massachusetts, New Hampshire, New Mexico, Texas and Virginia		53,250	September-11	Retail		322,737
CPA®:15	Childtime Childcare, Inc.	Newport News, VA		1,685	September-11	Other		7,893
CPA®:16 – Global	Tower Automotive	Kendallville, IN		1,175	October-11	Industrial		131,000
CPA®:16 – Global	Fraikin SAS (a)	Various locations in France		6,423	October-11	Industrial		90,943
CPA®:16 – Global	International Aluminum Corp. (a)	Langley, Canada		4,802	October-11	Industrial		60,134
CPA®:16 – Global	McLane Foodservice, Inc.	Shawnee, KS		14,485	December-11	Warehouse/Distribution		244,272
CPA®:15 (44%), CPA®:16 – Global (56%)	Life Time Fitness, Inc.	Various locations in Florida and Minnesota		108,000	December-11	Other		428,750
CPA®:15	Worthington Precious Metals	Mentor, OH		1,000	December-11	Industrial		123,960
Total REIT Dispositions				387,443				3,128,914
Dispositions — Owned Portfolio
WPC LLC	AT&T Corp.	Bridgeton, MO		8,250	February-11	Industrial		85,510
WPC LLC	Wal-Mart Stores, Inc.	West Mifflin, PA		1,032	February-11	Retail		121,054
WPC LLC (33%)	Information Resources	Chicago, IL		1,575	June-11	Office		30,797
WPC LLC	Honeywell	Houston, TX		1,595	June-11	Warehouse/Distribution		32,320
WPC LLC	Cypress Creek Partners, LLC	Little Rock, AR		350	August-11	Retail		21,932
WPC LLC	Penberthy, Inc.	Prophetstown, IL		50	September-11	Industrial		161,878
WPC LLC	Vacant	Salisbury, NC		1,600	December-11	Warehouse/Distribution		301,284
Total Owned Portfolio Dispositions				14,452				754,775
Total Dispositions			$	401,895				3,883,689

W. P. Carey 2011 Supplemental 8-K — 13

Foreclosure and Receivership Activity

	September 30,	September 30,		September 30,	September 30,	September 30,		September 30,
Portfolio(s)	Tenant/Lease Guarantor	Property Location(s)	Outstanding Mortgage Balance		Date	Event	Gross Square Footage
CPA®:15	Vacant	Port Huron & Shelby Township, MI	$	6,143	February-11	Receivership		294,883
CPA®:14	Vacant	Duluth, GA		7,141	March-11	Foreclosure		221,374
CPA®:14	Vacant	Eagan, MN		19,363	April-11	Foreclosure		99,342
CPA®:16 – Global	Vacant	Various locations in Arizona, California, Illinois, South Carolina and Texas		38,668	August-11	Receivership		132,486
WPC LLC	GTM, Inc.	Mendota Heights, MN		6,311	September-11	Receivership		136,400
			$	77,626				884,485

(a) Disposition price reflects applicable foreign exchange rate.

(b) Disposition activity did not include properties sold by CPA^®:14 to WPC LLC and CPA^®:17 – Global in connection with the CPA^®:14/16 Merger in May 2011.

W. P. Carey 2011 Supplemental 8-K — 14

W. P. Carey & Co. LLC

Owned Portfolio Analysis – Diversification by Rent and Historical Occupancy (Pro rata Basis)

As of December 31, 2011

(in thousands, except percentages)

Top Ten Tenants by Annualized Contractual Minimum Base Rent

		September 30,		September 30,
Tenant/Lease Guarantor	Annualized Contractual Minimum Base Rent		Percent
Federal Express Corporation (a)	$	7,535		8	%
Carrefour France, SAS (b)		7,419		8	%
CheckFree Holdings, Inc. (a)		5,216		6	%
The American Bottling Company		4,972		5	%
The New York Times Company		4,423		5	%
JP Morgan Chase Bank, N.A.		3,862		4	%
Amylin Pharmaceuticals, Inc. (a)		3,741		4	%
Orbital Sciences Corporation		3,307		4	%
U.S. Airways Group, Inc.		3,297		4	%
Titan Corporation		3,055		3	%
Total	$	46,827		51	%
Weighted Average Lease Term for Portfolio: 6.4 years

W. P. Carey & Co. LLC Historical Occupancy

(a) In connection with the CPA^®:14/16 Merger in May 2011, we purchased the remaining interest in the property, in which we already had a joint interest, from CPA^®:14.

(b) Rent amounts are subject to fluctuations in foreign currency exchange rates.

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

W. P. Carey 2011 Supplemental 8-K — 15

W. P. Carey & Co. LLC

Owned Portfolio Analysis – Diversification by Property Type (Pro rata Basis)

As of December 31, 2011

(in thousands, except percentages)

		September 30,		September 30,
Property Type	Square Footage		Percent
Warehouse/Distribution		4,825		36	%
Industrial		4,694		35	%
Office		2,639		20	%
Retail		852		6	%
Other Properties (a)		279		2	%
Hospitality		158		1	%
Total (b)		13,447		100	%
Property Type	Annualized Contractual Minimum Base Rent		Percent
Office	$	38,613		42	%
Industrial		25,526		28	%
Warehouse/Distribution		17,994		19	%
Retail		5,412		6	%
Other Properties (a)		4,557		5	%
Total (b)	$	92,102		100	%

Portfolio Diversification by Property Type (based on square footage)	Portfolio Diversification by Property Type (based on annualized contractual minimum base rent)

(a) Reflects properties used for health care; education, child care and social services; leisure, amusement and recreation; self storage; and unoccupied land.

(b) Excludes 20 domestic self-storage properties in our Carey Storage subsidiary, totaling approximately 0.5 million square feet (on a pro rata basis).

W. P. Carey 2011 Supplemental 8-K — 16

W. P. Carey & Co. LLC

Owned Portfolio Analysis – Diversification by Tenant Industry (Pro rata Basis)

As of December 31, 2011

(in thousands, except percentages)

		September 30,		September 30,
Industry Type (a)	Annualized Contractual Minimum Base Rent		Percent
Business and Commercial Services	$	14,070		15	%
Retail Trade		13,854		15	%
Transportation — Cargo		7,535		8	%
Media: Printing and Publishing		7,003		8	%
Healthcare, Education and Childcare		5,628		6	%
Telecommunications		5,228		6	%
Beverages, Food, and Tobacco		5,025		5	%
Aerospace and Defense		4,931		5	%
Electronics		4,428		5	%
Banking		3,862		4	%
Forest Products and Paper		3,772		4	%
Transportation — Personal		3,505		4	%
Machinery		2,430		3	%
Grocery		1,686		2	%
Consumer and Durable Goods		1,471		2	%
Mining, Metals, and Primary Metal Industries		1,213		1	%
Chemicals, Plastics, Rubber, and Glass		1,179		1	%
Leisure, Amusement, Entertainment		952		1	%
Construction and Building		878		1	%
Textiles, Leather, and Apparel		872		1	%
Other (b)		2,580		3	%
Total (c)	$	92,102		100	%

(a) Based on the Moody’s Investors Service, Inc. classification system and information provided by the tenant.

(b) Includes revenue from tenants in the following industries: federal, state and local government (0.8%), consumer non-durable goods (0.7%), automobile (0.7%), multi-tenant properties (0.5%) and hotels and gaming (0.01%).

(c) Excludes 20 domestic self-storage properties in our Carey Storage subsidiary, totaling approximately 0.5 million square feet (on a pro rata basis).

W. P. Carey 2011 Supplemental 8-K — 17

W. P. Carey & Co. LLC

Owned Portfolio Analysis – Diversification by Geography (Pro rata basis)

As of December 31, 2011

(in thousands, except percentages)

		September 30,		September 30,
Region	Square Footage		Percent
U.S.
South		5,061		38	%
East		2,481		18	%
West		2,412		18	%
Midwest		1,325		10	%
U.S. Total		11,279		84	%
International
France		1,670		12	%
Germany		246		2	%
Spain		138		1	%
Poland		114		1	%
International Total		2,168		16	%
Total (a)		13,447		100	%
Region	Annualized Contractual Minimum Base Rent		Percent
U.S.
South	$	33,357		36	%
West		22,568		25	%
East		12,453		14	%
Midwest		5,685		6	%
U.S. Total		74,063		81	%
International
France		13,111		14	%
Germany		2,251		2	%
Spain		1,686		2	%
Poland		991		1	%
International Total		18,039		19	%
Total (a)	$	92,102		100	%

Portfolio Diversification by Geography (based on square footage)	Portfolio Diversification by Geography (based on annualized contractual minimum base rent)

(a) Excludes 20 domestic self-storage properties in our Carey Storage subsidiary, totaling approximately 0.5 million square feet (on a pro rata basis).

W. P. Carey 2011 Supplemental 8-K — 18

W. P. CAREY & CO. LLC

Owned Portfolio Analysis – Lease Maturities (Pro rata Basis)

As of December 31, 2011

(in thousands, except percentages)

		September 30,		September 30,
Year of Lease Expiration (a)	Annualized Contractual Minimum Base Rent		Percent
2012 (b)	$	8,980		10	%
2013		3,791		4	%
2014		11,716		13	%
2015		13,100		14	%
2016		6,633		7	%
2017		6,435		7	%
2018		4,626		5	%
2019		14,414		16	%
2020		2,767		3	%
2021		3,500		4	%
2022		1,761		2	%
2023		—		0	%
2024		4,423		5	%
2025		1,200		1	%
2026		948		1	%
2027		2,251		2	%
2028		—		0	%
2029		—		0	%
2030		5,557		6	%
Total (c)	$	92,102		100	%

Weighted Average Years to Maturity: 6.4

(a) Assumes tenant does not exercise renewal option.

(b) Month-to-month properties are counted in 2011 revenue stream.

(c) Excludes 20 domestic self-storage properties in our Carey Storage subsidiary, totaling approximately 0.5 million square feet (on a pro rata basis).

W. P. Carey 2011 Supplemental 8-K — 19

W. P. CAREY & CO. LLC

CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts)

		September 30,			September 30,
	December 31,
	2011			2010
Assets
Investments in real estate:
Real estate, at cost (inclusive of amounts attributable to consolidated VIEs of $41,032 and $39,718, respectively)	$	646,482		$	560,592
Operating real estate, at cost (inclusive of amounts attributable to consolidated VIEs of $26,318 and $25,665, respectively)		109,875			109,851
Accumulated depreciation (inclusive of amounts attributable to consolidated VIEs of $22,350 and $20,431, respectively)		(135,175	)		(122,312	)
Net investments in properties		621,182			548,131
Net investments in direct financing leases		58,000			76,550
Equity investments in real estate and the REITs		538,749			322,294
Net investments in real estate		1,217,931			946,975
Cash and cash equivalents (inclusive of amounts attributable to consolidated VIEs of $230 and $86, respectively)		29,297			64,693
Due from affiliates		38,369			38,793
Intangible assets and goodwill, net		125,957			87,768
Other assets, net (inclusive of amounts attributable to consolidated VIEs of $2,773 and $1,845, respectively)		51,069			34,097
Total assets	$	1,462,623		$	1,172,326
Liabilities and Equity
Liabilities:
Non-recourse and limited-recourse debt (inclusive of amounts attributable to consolidated VIEs of $14,261 and $9,593, respectively)	$	356,209		$	255,232
Line of credit		233,160			141,750
Accounts payable, accrued expenses and other liabilities (inclusive of amounts attributable to consolidated VIEs of $1,651 and $2,275, respectively)		82,055			40,808
Income taxes, net		44,783			41,443
Distributions payable		22,314			20,073
Total liabilities		738,521			499,306
Redeemable noncontrolling interest		7,700			7,546
Equity:
W. P. Carey members’ equity:
Listed shares, no par value, 100,000,000 shares authorized; 39,717,286 and 39,454,847 shares issued and outstanding, respectively		779,071			763,734
Distributions in excess of accumulated earnings		(95,046	)		(145,769	)
Deferred compensation obligation		7,063			10,511
Accumulated other comprehensive loss		(8,507	)		(3,463	)
Total W. P. Carey members’ equity		682,581			625,013
Noncontrolling interests		33,821			40,461
Total equity		716,402			665,474
Total liabilities and equity	$	1,462,623		$	1,172,326

W. P. Carey 2011 Supplemental 8-K — 20

W. P. CAREY & CO. LLC

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except share and per share amounts)

		September 30,			September 30,			September 30,
	Years Ended December 31,
	2011			2010			2009
Revenues
Asset management revenue	$	66,808		$	76,246		$	76,621
Structuring revenue		46,831			44,525			23,273
Incentive, termination and subordinated disposition revenue		52,515			—			—
Wholesaling revenue		11,664			11,096			7,691
Reimbursed costs from affiliates		64,829			60,023			47,534
Lease revenues		70,206			59,881			58,564
Other real estate income		23,556			18,083			14,698
		336,409			269,854			228,381
Operating Expenses
General and administrative		(93,707	)		(73,429	)		(63,818	)
Reimbursable costs		(64,829	)		(60,023	)		(47,534	)
Depreciation and amortization		(28,518	)		(22,604	)		(20,879	)
Property expenses		(13,241	)		(10,416	)		(6,699	)
Other real estate expenses		(10,784	)		(8,121	)		(7,308	)
Impairment charges		(10,432	)		(1,140	)		(3,516	)
		(221,511	)		(175,733	)		(149,754	)
Other Income and Expenses
Other interest income		2,001			1,268			1,713
Income from equity investments in real estate and the REITs		51,228			30,992			13,425
Gain on change in control of interests		27,859			—			—
Other income and (expenses)		4,550			1,407			7,357
Interest expense		(21,920	)		(15,725	)		(14,462	)
		63,718			17,942			8,033
Income from continuing operations before income taxes		178,616			112,063			86,660
Provision for income taxes		(37,228	)		(25,822	)		(22,793	)
Income from continuing operations		141,388			86,241			63,867
Discontinued Operations
Income from operations of discontinued properties		174			2,491			5,908
Gain on deconsolidation of a subsidiary		1,008			—			—
(Loss) gain on sale of real estate		(3,391	)		460			7,701
Impairment charges		(41	)		(14,241	)		(6,908	)
(Loss) income from discontinued operations		(2,250	)		(11,290	)		6,701
Net Income		139,138			74,951			70,568
Add: Net loss attributable to noncontrolling interests		1,864			314			713
Less: Net income attributable to redeemable noncontrolling interest		(1,923	)		(1,293	)		(2,258	)
Net Income Attributable to W. P. Carey Members	$	139,079		$	73,972		$	69,023
Basic Earnings Per Share
Income from continuing operations attributable to W. P. Carey members	$	3.50		$	2.14		$	1.57
(Loss) income from discontinued operations attributable to W. P. Carey members		(0.06	)		(0.28	)		0.17
Net income attributable to W. P. Carey members	$	3.44		$	1.86		$	1.74
Diluted Earnings Per Share
Income from continuing operations attributable to W. P. Carey members	$	3.47		$	2.14		$	1.57
(Loss) income from discontinued operations attributable to W. P. Carey members		(0.05	)		(0.28	)		0.17
Net income attributable to W. P. Carey members	$	3.42		$	1.86		$	1.74
Weighted Average Shares Outstanding
Basic		39,819,475			39,514,746			39,019,709
Diluted		40,098,095			40,007,894			39,712,735
Amounts Attributable to W. P. Carey Members
Income from continuing operations, net of tax	$	141,329		$	85,262		$	62,322
(Loss) income from discontinued operations, net of tax		(2,250	)		(11,290	)		6,701
Net income	$	139,079		$	73,972		$	69,023

W. P. Carey 2011 Supplemental 8-K — 21

W. P. CAREY & CO. LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

		September 30,			September 30,			September 30,
	Years Ended December 31,
	2011			2010			2009
Cash Flows — Operating Activities
Net income	$	139,138		$	74,951		$	70,568
Adjustments to net income:
Depreciation and amortization, including intangible assets and deferred financing costs		29,616			24,443			24,476
Loss (income) from equity investments in real estate and the REITs in excess of distributions received		310			(4,920	)		(2,258	)
Straight-line rent and financing lease adjustments		(3,698	)		286			2,223
Amortization of deferred revenue		(6,291	)		—			—
Gain on deconsolidation of a subsidiary		(1,008	)		—			—
Loss (gain) on sale of real estate		3,391			(460	)		(7,701	)
Gain on extinguishment of debt		—			—			(6,991	)
Unrealized loss (gain) on foreign currency transactions and others		138			300			(174	)
Realized gain on foreign currency transactions and others		(965	)		(731	)		(257	)
Allocation of (loss) earnings to profit-sharing interest		—			(781	)		3,900
Management and disposition income received in shares of affiliates		(73,936	)		(35,235	)		(31,721	)
Gain on conversion of shares		(3,806	)		—			—
Gain on change in control of interests		(27,859	)		—			—
Impairment charges		10,473			15,381			10,424
Stock-based compensation expense		17,716			7,082			9,336
Deferred acquisition revenue received		21,546			21,204			25,068
Increase in structuring revenue receivable		(19,537	)		(20,237	)		(11,672	)
Increase (decrease) in income taxes, net		244			(1,288	)		(9,276	)
Net changes in other operating assets and liabilities		(5,356	)		6,422			(1,401	)
Net cash provided by operating activities		80,116			86,417			74,544
Cash Flows — Investing Activities
Distributions received from equity investments in real estate and the REITs in excess of equity income		20,807			18,758			39,102
Capital contributions to equity investments		(2,297	)		—			(2,872	)
Purchase of interests in CPA®:16 — Global		(121,315	)		—			—
Purchases of real estate and equity investments in real estate		(24,315	)		(96,884	)		(39,632	)
VAT paid in connection with acquisition of real estate		—			(4,222	)		—
VAT refunded in connection with acquisitions of real estate		5,035			—			—
Capital expenditures		(13,239	)		(5,135	)		(7,775	)
Cash acquired on acquisition of subsidiaries		57			—			—
Proceeds from sale of real estate		12,516			14,591			43,487
Proceeds from sale of securities		818			—			—
Proceeds from transfer of profit-sharing interest		—			—			21,928
Funding of short-term loans to affiliates		(96,000	)		—			—
Proceeds from repayment of short-term loans to affiliates		96,000			—			—
Funds released from escrow		2,584			36,620			—
Funds placed in escrow		(6,735	)		(1,571	)		(36,132	)
Net cash (used in) provided by investing activities		(126,084	)		(37,843	)		18,106
Cash Flows — Financing Activities
Distributions paid		(85,814	)		(92,591	)		(78,618	)
Contributions from noncontrolling interests		3,223			14,261			2,947
Distributions to noncontrolling interests		(7,258	)		(4,360	)		(5,505	)
Contributions from profit-sharing interest		—			3,694			—
Distributions to profit-sharing interest		—			(693	)		(5,645	)
Purchase of noncontrolling interest		(7,502	)		—			(15,380	)
Scheduled payments of mortgage principal		(25,327	)		(14,324	)		(9,534	)
Prepayments of mortgage principal		—			—			(13,974	)
Proceeds from mortgage financing		45,491			56,841			42,495
Proceeds from lines of credit		251,410			83,250			150,500
Repayments of lines of credit		(160,000	)		(52,500	)		(148,518	)
Proceeds from loans from affiliates		—			—			1,625
Repayments of loans from affiliates		—			—			(1,770	)
Payment of financing costs		(7,778	)		(1,204	)		(862	)
Proceeds from issuance of shares		1,488			3,724			1,507
Windfall tax benefit associated with stock-based compensation awards		2,569			2,354			143
Repurchase and retirement of shares		—			—			(10,686	)
Net cash provided by (used in) financing activities		10,502			(1,548	)		(91,275	)
Change in Cash and Cash Equivalents During the Year
Effect of exchange rate changes on cash		70			(783	)		276
Net (decrease) increase in cash and cash equivalents		(35,396	)		46,243			1,651
Cash and cash equivalents, beginning of year		64,693			18,450			16,799
Cash and cash equivalents, end of year	$	29,297		$	64,693		$	18,450

W. P. Carey 2011 Supplemental 8-K — 22

W. P. CAREY & CO. LLC

Owned Portfolio Detailed Property Summary (Pro rata Basis)

As of December 31, 2011

		September 30,		September 30,	September 30,	September 30,	September 30,		September 30,		September 30,		September 30,		September 30,	September 30,	September 30,
Tenant/Lease Guarantor	Percent Ownership			Property Location	Property Type	Tenant Industry	Region	Square Footage  (e)		Annualized Contractual Minimum Base Rent (in thousands)		Percentage of Total Rent (e)			Increase Factor	Lease Expiration	Maximum Term
Federal Express Corporation		100	%	Collierville, TN	Office	Transportation - Cargo	South		97,595	$	1,813		1.97	%	CPI	Nov-2019	Aug-2039
Federal Express Corporation		100	%	Collierville, TN	Office	Transportation - Cargo	South		97,595		1,813		1.97	%	CPI	Nov-2019	Aug-2039
Federal Express Corporation		100	%	Collierville, TN	Office	Transportation - Cargo	South		97,595		1,813		1.97	%	CPI	Nov-2019	Aug-2039
Federal Express Corporation		100	%	Collierville, TN	Office	Transportation - Cargo	South		97,595		1,813		1.97	%	CPI	Nov-2019	Aug-2039
Federal Express Corporation		100	%	Corpus Christi, TX	Warehouse/Distribution	Transportation - Cargo	South		30,212		213		0.23	%	Fixed	May-2012	May-2017
Federal Express Corporation		100	%	College Station, TX	Warehouse/Distribution	Transportation - Cargo	South		12,080		70		0.08	%	Fixed	Apr-2012	Apr-2017
Federal Express Corporation Total									432,672		7,535		8.18	%
Carrefour France, SAS (a)		46	%	Colomiers, France	Warehouse/Distribution	Retail Trade	Europe		174,267		1,003		1.09	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Nimes, France	Warehouse/Distribution	Retail Trade	Europe		177,792		1,001		1.09	%	INSEE (b)	Jun-2016	Jun-2019
Carrefour France, SAS (a)		46	%	Crepy en Valois, France	Warehouse/Distribution	Retail Trade	Europe		152,370		915		0.99	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Lens, France	Warehouse/Distribution	Retail Trade	Europe		126,929		731		0.79	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Nîmes, France	Warehouse/Distribution	Retail Trade	Europe		134,942		676		0.73	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Ploufragan, France	Warehouse/Distribution	Retail Trade	Europe		122,596		629		0.68	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Crepy en Valois, France	Warehouse/Distribution	Retail Trade	Europe		101,252		608		0.66	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Thuit Hebert, France	Warehouse/Distribution	Retail Trade	Europe		107,962		541		0.59	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Cholet, France	Warehouse/Distribution	Retail Trade	Europe		99,265		509		0.55	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Colomiers, France	Warehouse/Distribution	Retail Trade	Europe		60,294		347		0.38	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Thuit Hebert, France	Warehouse/Distribution	Retail Trade	Europe		68,479		343		0.37	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Colomiers, France	Warehouse/Distribution	Retail Trade	Europe		7,524		43		0.05	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Lens, France	Warehouse/Distribution	Retail Trade	Europe		4,349		25		0.03	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Colomiers, France	Warehouse/Distribution	Retail Trade	Europe		2,899		17		0.02	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Lens, France	Warehouse/Distribution	Retail Trade	Europe		2,599		15		0.02	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Nîmes, France	Warehouse/Distribution	Retail Trade	Europe		2,554		13		0.01	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS (a)		46	%	Nîmes, France	Warehouse/Distribution	Retail Trade	Europe		596		3		0.00	%	INSEE (b)	Jun-2015	Jun-2018
Carrefour France, SAS Total									1,346,669		7,419		8.05	%
CheckFree Corporation		100	%	Norcross, GA	Office	Business and Commercial Services	South		100,125		2,032		2.21	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation		100	%	Norcross, GA	Office	Business and Commercial Services	South		68,300		1,724		1.87	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation		100	%	Norcross, GA	Office	Business and Commercial Services	South		52,250		1,301		1.41	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation		100	%	Norcross, GA	Land	Business and Commercial Services	South		1		159		0.17	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation Total									220,676		5,216		5.66	%

W. P. Carey 2011 Supplemental 8-K — 23

		September 30,		September 30,	September 30,	September 30,	September 30,		September 30,		September 30,		September 30,		September 30,	September 30,	September 30,
Tenant/Lease Guarantor	Percent Ownership			Property Location	Property Type	Tenant Industry	Region	Square Footage  (e)		Annualized Contractual Minimum Base Rent (in thousands)		Percentage of Total Rent (e)			Increase Factor	Lease Expiration	Maximum Term
The American Bottling Company		100	%	Irving, TX	Industrial	Beverages, Food, and Tobacco	South		459,497		3,016		3.27	%	CPI	Jul-2014	Jul-2029
The American Bottling Company		100	%	Houston, TX	Industrial	Beverages, Food, and Tobacco	South		262,450		1,956		2.12	%	CPI	Jul-2014	Jul-2029
The American Bottling Company Total									721,947		4,972		5.40	%
The New York Times Company		18	%	New York, NY	Office	Media: Printing and Publishing	East		126,420		4,423		4.80	%	Fixed	Mar-2024	Mar-2044
JP Morgan Chase Bank, N.A.		100	%	Fort Worth, TX	Office	Banking	South		384,246		3,862		4.19	%	None	Feb-2030	Feb-2050
Amylin Pharmaceuticals, Inc.		100	%	San Diego, CA	Office	Business and Commercial Services	West		71,902		1,870		2.03	%	Fixed	Jul-2019	Jul-2029
Amylin Pharmaceuticals, Inc.		100	%	San Diego, CA	Industrial	Business and Commercial Services	West		72,409		1,870		2.03	%	Fixed	Jul-2019	Jul-2029
Amylin Pharmaceuticals, Inc. Total									144,311		3,741		4.06	%
Orbital Sciences Corporation		100	%	Chandler, AZ	Industrial	Aerospace and Defense	West		355,307		3,307		3.59	%	CPI	Sep-2019	Sep-2029
US Airways Group, Inc.		75	%	Tempe, AZ	Office	Transportation - Personal	West		167,890		3,297		3.58	%	CPI	Apr-2014	Nov-2029
The Titan Corporation		100	%	San Diego, CA	Office	Electronics	West		166,403		3,055		3.32	%	CPI	Jul-2012	Jul-2017
Medica France S.A. (a)		46	%	Paris, France	Other	Healthcare, Education and Childcare	Europe		24,770		602		0.65	%	INSEE (b)	Sep-2021	Sep-2030
Medica France S.A. (a)		46	%	Sarcelles, France	Other	Healthcare, Education and Childcare	Europe		34,621		602		0.65	%	INSEE (b)	Sep-2021	Sep-2030
Medica France S.A. (a)		46	%	Chatou, France	Other	Healthcare, Education and Childcare	Europe		24,667		376		0.41	%	INSEE (b)	Sep-2021	Sep-2030
Medica France S.A. (a)		46	%	Poissy, France	Other	Healthcare, Education and Childcare	Europe		24,593		376		0.41	%	INSEE (b)	Sep-2021	Sep-2030
Medica France S.A. (a)		46	%	Rosny sous Bois, France	Other	Healthcare, Education and Childcare	Europe		21,847		376		0.41	%	INSEE (b)	Sep-2021	Sep-2030
Medica France S.A. (a)		46	%	Rueil Malmaison, France	Other	Healthcare, Education and Childcare	Europe		23,814		376		0.41	%	INSEE (b)	Sep-2021	Sep-2030
Medica France S.A. Total									154,312		2,708		2.94	%
Bouygues Telecom, S.A. (a)		75	%	Illkirch-Graffenstaden, France	Office	Telecommunications	Europe		45,459		1,664		1.81	%	INSEE (b)	Feb-2013	Feb-2013
Bouygues Telecom, S.A. (a)		95	%	Tours, France	Office	Telecommunications	Europe		57,264		907		0.98	%	INSEE (b)	Sep-2012	Sep-2012
Bouygues Telecom, S.A. (a)		75	%	Illkirch-Graffenstaden, France	Office	Telecommunications	Europe		3,689		—		0.00	%	INSEE (b)	Dec-2015	May-2020
Bouygues Telecom, S.A. Total									106,412		2,571		2.79	%
Schuler AG (a)		33	%	Göppingen, Germany	Industrial	Machinery	Europe		246,380		2,251		2.44	%	CPI	Oct-2027	Oct-2047

W. P. Carey 2011 Supplemental 8-K — 24

		September 30,		September 30,	September 30,	September 30,	September 30,		September 30,		September 30,		September 30,		September 30,		September 30,		September 30,
Tenant/Lease Guarantor	Percent Ownership			Property Location	Property Type	Tenant Industry	Region	Square Footage  (e)		Annualized Contractual Minimum Base Rent (in thousands)		Percentage of Total Rent (e)			Increase Factor	Lease Expiration		Maximum Term
AutoZone, Inc.		100	%	San Antonio, TX	Retail	Retail Trade	South		5,400		56		0.06	%	None		Aug-2013		Aug-2038
AutoZone, Inc.		100	%	Albuquerque, NM	Retail	Retail Trade	West		5,400		55		0.06	%	None		Aug-2013		Aug-2038
AutoZone, Inc.		100	%	Jacksonville, FL	Retail	Retail Trade	South		5,400		54		0.06	%	None		Aug-2013		Aug-2038
AutoZone, Inc.		100	%	Houston, TX	Retail	Retail Trade	South		5,400		53		0.06	%	None		Aug-2013		Aug-2038
AutoZone, Inc.		100	%	Gastonia, NC	Retail	Retail Trade	East		5,400		52		0.06	%	None		Jan-2016		Jan-2026
AutoZone, Inc.		100	%	Corpus Christi, TX	Retail	Retail Trade	South		6,600		52		0.06	%	None		Jan-2016		Jan-2026
AutoZone, Inc.		100	%	Statesville, NC	Retail	Retail Trade	East		5,400		51		0.06	%	None		Jan-2016		Jan-2026
AutoZone, Inc.		100	%	Lenoir, NC	Retail	Retail Trade	East		5,400		51		0.06	%	None		Jan-2016		Jan-2026
AutoZone, Inc.		100	%	Corpus Christi, TX	Retail	Retail Trade	South		6,480		51		0.06	%	None		Jan-2016		Jan-2026
AutoZone, Inc.		100	%	Victoria, TX	Retail	Retail Trade	South		6,480		51		0.06	%	None		Jan-2016		Jan-2026
AutoZone, Inc.		100	%	Lexington, SC	Retail	Retail Trade	East		5,400		50		0.05	%	None		Aug-2013		Aug-2038
AutoZone, Inc.		100	%	Macon, GA	Retail	Retail Trade	South		5,400		50		0.05	%	None		Aug-2013		Aug-2038
AutoZone, Inc.		100	%	St. Peters, MO	Retail	Retail Trade	Midwest		5,400		49		0.05	%	Fixed		Aug-2012		Aug-2037
AutoZone, Inc.		100	%	St. Peters, MO	Retail	Retail Trade	Midwest		6,660		49		0.05	%	Fixed		Aug-2012		Aug-2037
AutoZone, Inc.		100	%	Jacksonville, FL	Retail	Retail Trade	South		5,400		48		0.05	%	None		Aug-2013		Aug-2038
AutoZone, Inc.		100	%	Decatur, AL	Retail	Retail Trade	South		5,400		45		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Phenix City, AL	Retail	Retail Trade	South		5,400		45		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Mobile, AL	Retail	Retail Trade	South		5,400		45		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Alton, IL	Retail	Retail Trade	Midwest		5,400		45		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Belleville, IL	Retail	Retail Trade	Midwest		5,400		45		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Breckenridge, MO	Retail	Retail Trade	Midwest		5,400		44		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Chickasaw, AL	Retail	Retail Trade	South		5,400		43		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Montgomery, AL	Retail	Retail Trade	South		5,400		43		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Columbus, GA	Retail	Retail Trade	South		5,400		43		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	West Monroe, LA	Retail	Retail Trade	South		5,400		43		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Baton Rouge, LA	Retail	Retail Trade	South		5,400		43		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Lake Charles, LA	Retail	Retail Trade	South		6,480		43		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Lake Charles, LA	Retail	Retail Trade	South		6,480		43		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Maplewood, MO	Retail	Retail Trade	Midwest		6,480		43		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Overland, MO	Retail	Retail Trade	Midwest		6,480		43		0.05	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Albany, GA	Retail	Retail Trade	South		5,400		43		0.05	%	None		Aug-2013		Aug-2038
AutoZone, Inc.		100	%	Charlotte, NC	Retail	Retail Trade	East		5,400		42		0.05	%	None		Jan-2016		Jan-2026
AutoZone, Inc.		100	%	San Antonio, TX	Retail	Retail Trade	South		5,400		42		0.05	%	None		Jan-2016		Jan-2026
AutoZone, Inc.		100	%	Farmington, NM	Retail	Retail Trade	West		5,400		41		0.05	%	None		Aug-2013		Aug-2038
AutoZone, Inc.		100	%	Hammond, LA	Retail	Retail Trade	South		6,480		40		0.04	%	Fixed		Aug-2012		Aug-2037
AutoZone, Inc.		100	%	Brunswick, GA	Retail	Retail Trade	South		5,400		40		0.04	%	None		Aug-2013		Aug-2038
AutoZone, Inc.		100	%	Waco, TX	Retail	Retail Trade	South		4,800		38		0.04	%	None		Jan-2016		Jan-2026
AutoZone, Inc.		100	%	Collinsville, IL	Retail	Retail Trade	Midwest		5,400		36		0.04	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Wood River, IL	Retail	Retail Trade	Midwest		5,400		36		0.04	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	St. Louis, MO	Retail	Retail Trade	Midwest		5,400		36		0.04	%	None		Feb-2016		Feb-2026
AutoZone, Inc.		100	%	Panama City, FL	Retail	Retail Trade	South		5,401		35		0.04	%	Fixed		Aug-2012		Aug-2037
AutoZone, Inc.		100	%	Jacksonville, FL	Retail	Retail Trade	South		5,000		35		0.04	%	Fixed		Aug-2012		Aug-2037

W. P. Carey 2011 Supplemental 8-K — 25

		September 30,		September 30,	September 30,	September 30,	September 30,		September 30,		September 30,		September 30,		September 30,	September 30,	September 30,
Tenant/Lease Guarantor	Percent Ownership			Property Location	Property Type	Tenant Industry	Region	Square Footage  (e)		Annualized Contractual Minimum Base Rent (in thousands)		Percentage of Total Rent (e)			Increase Factor	Lease Expiration	Maximum Term
AutoZone, Inc.		100	%	Augusta, GA	Retail	Retail Trade	South		5,400		34		0.04	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Bessemer, AL	Retail	Retail Trade	South		5,400		32		0.03	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Austin, TX	Retail	Retail Trade	South		4,000		31		0.03	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Nederland, TX	Retail	Retail Trade	South		4,000		31		0.03	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	West Orange, TX	Retail	Retail Trade	South		4,000		31		0.03	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Shelby, NC	Retail	Retail Trade	East		6,660		31		0.03	%	Fixed	Aug-2012	Aug-2037
AutoZone, Inc.		100	%	Kannapolis, NC	Retail	Retail Trade	East		6,408		24		0.03	%	Fixed	Oct-2015	Oct-2025
AutoZone, Inc.		100	%	Baton Rouge, LA	Retail	Retail Trade	South		5,401		23		0.03	%	Fixed	Apr-2014	Apr-2019
AutoZone, Inc.		100	%	Knoxville, TN	Retail	Retail Trade	South		6,660		23		0.02	%	Fixed	May-2014	May-2024
AutoZone, Inc.		100	%	Baton Rouge, LA	Retail	Retail Trade	South		6,600		22		0.02	%	Fixed	Mar-2014	Mar-2024
AutoZone, Inc.		100	%	East Ridge, TN	Retail	Retail Trade	South		6,480		21		0.02	%	Fixed	Oct-2013	Oct-2023
AutoZone, Inc.		100	%	Morgantown, NC	Retail	Retail Trade	East		5,400		19		0.02	%	Fixed	Oct-2015	Aug-2019
AutoZone, Inc. Total									302,230		2,217		2.41	%
Sybron Dental Specialties, Inc.		100	%	Romulus, MI	Industrial	Healthcare, Education and Childcare	Midwest		220,000		1,454		1.58	%	CPI	Dec-2018	Dec-2043
Sybron Dental Specialties, Inc.		100	%	Glendora, CA	Office	Healthcare, Education and Childcare	West		25,000		555		0.60	%	CPI	Dec-2018	Dec-2043
Sybron Dental Specialties, Inc. Total									245,000		2,009		2.18	%
Unisource Worldwide, Inc.		100	%	Commerce, CA	Warehouse/Distribution	Forest Products and Paper	West		411,561		1,564		1.70	%	Fixed	Apr-2020	Apr-2030
Unisource Worldwide, Inc.		100	%	Anchorage, AK	Warehouse/Distribution	Forest Products and Paper	West		44,712		362		0.39	%	Fixed	Dec-2014	Dec-2029
Unisource Worldwide, Inc. Total									456,273		1,926		2.09	%
Eroski Sociedad Cooperativa		70	%	Mallorca, Spain	Warehouse/Distribution	Retail Trade	Europe		432,559		1,720		1.87	%	3% or CPI	Jun-2030	Jun-2045
World Color Printing (USA) Corp.		100	%	Doraville, GA	Industrial	Media: Printing and Publishing	South		138,383		1,686		1.83	%	CPI	Dec-2017	Dec-2042
BE Aerospace, Inc.		100	%	Lenexa, KS	Industrial	Aerospace and Defense	Midwest		130,094		676		0.73	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Winston-Salem, NC	Warehouse/Distribution	Aerospace and Defense	East		90,800		272		0.30	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		74,026		221		0.24	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		50,200		150		0.16	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Winston-Salem, NC	Office	Aerospace and Defense	East		43,788		131		0.14	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Dallas, TX	Industrial	Aerospace and Defense	South		22,680		129		0.14	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		15,402		46		0.05	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc. Total									426,990		1,625		1.76	%
Lowe’s Home Improvement Warehouse		100	%	Bellevue, WA	Retail	Retail Trade	West		143,352		1,572		1.71	%	CPI	Aug-2018	Aug-2018

W. P. Carey 2011 Supplemental 8-K — 26

Tenant/Lease Guarantor	Percent Ownership			Property Location	Property Type	Tenant Industry	Region	Square Footage  (e)		Annualized Contractual Minimum Base Rent (in thousands)		Percentage of Total Rent (e)			Increase Factor	Lease Expiration	Maximum Term
Sprint Spectrum Realty Company, L.P.		100	%	Rio Rancho, NM	Office	Telecommunications	West		94,730		1,530		1.66	%	Fixed	May-2016	May-2021
Hologic, Inc.		36	%	Bedford, MA	Industrial	Electronics	East		74,520		1,119		1.22	%	CPI	Aug-2022	Aug-2042
Hologic, Inc.		36	%	Danbury, CT	Industrial	Electronics	East		22,335		255		0.28	%	CPI	Aug-2022	Aug-2042
Hologic, Inc. Total									96,855		1,374		1.49	%
Cleo, Inc.		100	%	Memphis, TN	Warehouse/Distribution	Forest Products and Paper	South		614,274		891		0.97	%	CPI	Dec-2011	Dec-2011
Cleo, Inc.		100	%	Memphis, TN	Warehouse/Distribution	Forest Products and Paper	South		391,896		411		0.45	%	CPI	Dec-2011	Dec-2011
Cleo, Inc. Total									1,006,170		1,302		1.41	%
Fiskars Brands, Inc.		100	%	Apopka, FL	Industrial	Chemicals, Plastics, Rubber, and Glass	South		260,160		1,108		1.20	%	Fixed	Mar-2015	Mar-2015
Fiskars Brands, Inc.		100	%	Apopka, FL	Industrial	Chemicals, Plastics, Rubber, and Glass	South		109,377		71		0.08	%	Fixed	Mar-2015	Mar-2015
Fiskars Brands, Inc. Total									369,537		1,179		1.28	%
The United States Playing Card Company		100	%	Erlanger, KY	Warehouse/Distribution	Media: Printing and Publishing	East		409,600		859		0.93	%	Fixed	Jun-2017	Jun-2020
The United States Playing Card Company		100	%	Erlanger, KY	Warehouse/Distribution	Consumer and Durable Goods	East		162,604		309		0.34	%	Fixed	Jun-2017	Jun-2020
The United States Playing Card Company Total									572,204		1,169		1.27	%
Anthony’s Manufacturing Company, Inc.		100	%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		95,420		606		0.66	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.		100	%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		40,285		256		0.28	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.		100	%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		39,920		254		0.28	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.		100	%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		7,220		46		0.05	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc. Total									182,845		1,162		1.26	%
OBI Group (a)		100	%	Wroclaw, Poland	Retail	Retail Trade	Europe		113,570		991		1.08	%	CPI	Dec-2025	Dec-2040
24 Hour Fitness USA, Inc.		100	%	Austin, TX	Other	Leisure, Amusement, Entertainment	South		43,935		952		1.03	%	CPI	Jun-2017	Jun-2037
Consolidated Systems, Inc.		60	%	Columbia, SC	Industrial	Mining, Metals, and Primary Metal Industries	East		294,249		823		0.89	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.		60	%	Columbia, SC	Office	Mining, Metals, and Primary Metal Industries	East		24,459		68		0.07	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.		60	%	Columbia, SC	Warehouse/Distribution	Mining, Metals, and Primary Metal Industries	East		13,791		39		0.04	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.		60	%	Columbia, SC	Warehouse/Distribution	Mining, Metals, and Primary Metal Industries	East		6,266		18		0.02	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc. Total									338,765		948		1.03	%

W. P. Carey 2011 Supplemental 8-K — 27

		September 30,		September 30,	September 30,	September 30,	September 30,		September 30,		September 30,		September 30,		September 30,	September 30,	September 30,
Tenant/Lease Guarantor	Percent Ownership			Property Location	Property Type	Tenant Industry	Region	Square Footage  (e)		Annualized Contractual Minimum Base Rent (in thousands)		Percentage of Total Rent (e)			Increase Factor	Lease Expiration	Maximum Term
Sports Wholesale, Inc.		100	%	Birmingham, AL	Warehouse/Distribution	Retail Trade	South		219,312		924		1.00	%	CPI	Dec-2014	Dec-2029
Lockheed Martin Corporation		100	%	Webster, TX	Industrial	Business and Commercial Services	South		48,207		482		0.52	%	Fixed	May-2018	May-2025
Lockheed Martin Corporation		100	%	Webster, TX	Industrial	Business and Commercial Services	South		30,176		309		0.34	%	Fixed	Jun-2012	Jun-2012
Lockheed Martin Corporation		100	%	Webster, TX	Warehouse/Distribution	Business and Commercial Services	South		8,921		91		0.10	%	Fixed	Dec-2014	Dec-2017
Lockheed Martin Corporation Total									87,304		883		0.97	%
NVR, Inc.		100	%	Thurmont, MD	Industrial	Construction and Building	East		150,468		735		0.80	%	CPI	Apr-2014	Apr-2039
NVR, Inc.		100	%	Farmington, NY	Industrial	Construction and Building	East		29,273		143		0.16	%	CPI	Apr-2014	Apr-2039
NVR, Inc. Total									179,741		878		0.95	%
Swat-Fame, Inc.		100	%	City of Industry, CA	Industrial	Textiles, Leather, and Apparel	West		233,205		872		0.95	%	CPI	Jun-2020	Jun-2020
The SI Organization, Inc.		100	%	King of Prussia, PA	Office	Business and Commercial Services	East		88,578		864		0.94	%	Fixed	Jul-2013	Jul-2023
SymphonyIRI Group, Inc.		33	%	Chicago, IL	Office	Business and Commercial Services	Midwest		53,195		791		0.86	%	CPI	Jan-2021	Jan-2021
United States Postal Service		100	%	Bloomingdale, IL	Office	Federal, State and Local Government	Midwest		60,000		698		0.76	%	Fixed	Apr-2016	Apr-2016
BellSouth Telecommunications, Inc.		100	%	Fort Lauderdale, FL	Warehouse/Distribution	Telecommunications	South		80,450		632		0.69	%	Fixed	Jun-2016	Jun-2021
Childtime Childcare, Inc.		34	%	Alhambra, CA	Other	Healthcare, Education and Childcare	West		2,262		58		0.06	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Tustin, CA	Other	Healthcare, Education and Childcare	West		2,264		57		0.06	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Canton, MI	Other	Healthcare, Education and Childcare	Midwest		2,311		52		0.06	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Chino, CA	Other	Healthcare, Education and Childcare	West		2,166		50		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Carrollton, TX	Other	Healthcare, Education and Childcare	South		2,438		50		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Duncanville, TX	Other	Healthcare, Education and Childcare	South		2,438		50		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Lewisville, TX	Other	Healthcare, Education and Childcare	South		2,440		50		0.05	%	CPI	Jan-2016	Jan-2041

W. P. Carey 2011 Supplemental 8-K — 28

Tenant/Lease Guarantor	Percent Ownership			Property Location	Property Type	Tenant Industry	Region	Square Footage  (e)		Annualized Contractual Minimum Base Rent (in thousands)		Percentage of Total Rent (e)			Increase Factor	Lease Expiration	Maximum Term
Childtime Childcare, Inc.		34	%	Garden Grove, CA	Other	Healthcare, Education and Childcare	West		2,848		49		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Tucson, AZ	Other	Healthcare, Education and Childcare	West		2,165		40		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Chandler, AZ	Other	Healthcare, Education and Childcare	West		2,026		38		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Westland, MI	Other	Healthcare, Education and Childcare	Midwest		2,787		38		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Westland, MI	Other	Healthcare, Education and Childcare	Midwest		2,472		29		0.03	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc. Total									28,617		560		0.61	%
Jada Toys, Inc.		100	%	City of Industry, CA	Industrial	Consumer Non-durable Goods	West		92,595		500		0.54	%	Fixed	Apr-2012	Apr-2017
United Stationers Supply Company		100	%	San Antonio, TX	Warehouse/Distribution	Forest Products and Paper	South		63,098		256		0.28	%	CPI	Mar-2014	Mar-2017
United Stationers Supply Company		100	%	New Orleans, LA	Warehouse/Distribution	Forest Products and Paper	South		59,560		241		0.26	%	CPI	Sep-2012	Sep-2012
United Stationers Supply Company Total									122,658		497		0.54	%
Alstom Power		100	%	Erlanger, KY	Warehouse/Distribution	Business and Commercial Services	East		197,400		485		0.53	%	Fixed	Jun-2017	Jun-2020
United Space Alliance, LLC		100	%	Webster, TX	Warehouse/Distribution	Business and Commercial Services	South		36,629		211		0.22	%	None	Sep-2013	Sep-2013
United Space Alliance, LLC		100	%	Webster, TX	Warehouse/Distribution	Business and Commercial Services	South		32,503		219		0.24	%	None	Sep-2015	Sep-2020
United Space Alliance, LLC									69,132		430		0.45	%
Pioneer Credit Recovery, Inc.		100	%	Moorestown, NJ	Office	Business and Commercial Services	East		30,000		405		0.44	%	Fixed	Apr-2012	Apr-2018
Kmart Corporation		100	%	Drayton Plains, MI	Retail	Retail Trade	Midwest		103,018		210		0.23	%	None	Mar-2016	Mar-2026
Kmart Corporation		100	%	Citrus Heights, CA	Retail	Retail Trade	West		89,760		180		0.20	%	None	May-2016	May-2026
Kmart Corporation Total									192,778		390		0.42	%
Faurecia Exhaust Systems		100	%	Toledo, OH	Office	Automobile	Midwest		61,000		387		0.42	%	CPI	Nov-2022	Nov-2022
S&ME, Inc.		100	%	Raleigh, NC	Office	Business and Commercial Services	East		27,770		338		0.37	%	Fixed	Jul-2016	Jul-2026
Wal-Mart Stores, Inc.		100	%	Greenfield, IN	Warehouse/Distribution	Retail Trade	Midwest		82,620		331		0.36	%	None	Jan-2020	Jan-2025
Richard Design Services, Inc.		100	%	Beaumont, TX	Office	Business and Commercial Services	South		34,300		300		0.33	%	Other	Feb-2012	May-2012

W. P. Carey 2011 Supplemental 8-K — 29

		September 30,		September 30,	September 30,	September 30,	September 30,		September 30,		September 30,		September 30,		September 30,	September 30,	September 30,
Tenant/Lease Guarantor	Percent Ownership			Property Location	Property Type	Tenant Industry	Region	Square Footage  (e)		Annualized Contractual Minimum Base Rent (in thousands)		Percentage of Total Rent (e)			Increase Factor	Lease Expiration	Maximum Term
Tubular Metal Systems		100	%	Pinconning, MI	Industrial	Automobile	Midwest		220,588		298		0.32	%	CPI	Jul-2013	Dec-2022
Groupe SOFEMO		75	%	Illkirch-Graffenstaden, France	Office	Business and Commercial Services	Europe		16,631		298		0.32	%	INSEE (b)	Jan-2014	Jan-2020
Qwest Communications, Inc.		100	%	Scottsdale, AZ	Industrial	Telecommunications	West		2,900		178		0.19	%	Fixed	Feb-2012	Feb-2017
Qwest Communications, Inc.		100	%	Scottsdale, AZ	Industrial	Telecommunications	West		1,560		96		0.10	%	Fixed	Feb-2012	Feb-2017
Qwest Communications, Inc. Total									4,460		274		0.30	%
Deloro Satellite Company, Inc.		100	%	Goshen, IN	Industrial	Mining, Metals, and Primary Metal Industries	Midwest		52,000		265		0.29	%	Fixed	Feb-2018	Feb-2023
Fairpoint Communications, Inc.		100	%	Milton, VT	Industrial	Telecommunications	East		30,624		221		0.24	%	Fixed	Feb-2013	Feb-2013
Lincoln Technical Institute, Inc.		100	%	Moorestown, NJ	Office	Healthcare, Education and Childcare	East		35,567		209		0.23	%	Fixed	Apr-2025	Apr-2025
Multi-Tenant Building		100	%	Broomfield, CO	Office	Various	West		80,692		208		0.23	%	Various	Various	Various
Continental Airlines, Inc.		100	%	Houston, TX	Warehouse/Distribution	Transportation - Personal	South		25,125		207		0.22	%	Fixed	Jul-2013	Jul-2013
Continental Airlines, Inc.		100	%	Houston, TX	Land	Transportation - Personal	South		1		—		0.00	%	Fixed	Jul-2013	Jul-2013
Continental Airlines, Inc.									25,126		207		0.22	%
Candle Lamp Company, LLC		100	%	Memphis, TN	Warehouse/Distribution	Consumer Non-durable Goods	South		75,000		190		0.21	%	CPI	Mar-2014	Mar-2014
Xerox Corporation		100	%	Hot Springs, AR	Retail	Machinery	South		36,850		179		0.19	%	Fixed	Mar-2014	Mar-2017
USA Self Storage, LLC		100	%	Pensacola, FL	Self Storage	Buildings and Real Estate	South		51,867		176		0.19	%	Fixed	Dec-2012	Dec-2012
SUPINFO International University		75	%	Illkirch-Graffenstaden, France	Office	N/A	Europe		6,999		114		0.12	%	None	Mar-2019	Mar-2019
Golder Associates Inc.		100	%	Houston, TX	Office	Business and Commercial Services	South		8,066		56		0.06	%	Fixed	Oct-2017	Oct-2022
Golder Associates Inc.		100	%	Houston, TX	Office	Business and Commercial Services	South		7,730		54		0.06	%	Fixed	Oct-2017	Oct-2022
Golder Associates Inc. Total									15,796		110		0.12	%
Kenyon International Emergency Services		100	%	Houston, TX	Warehouse/Distribution	Healthcare, Education and Childcare	South		17,725		96		0.10	%	None	Oct-2014	Oct-2019

W. P. Carey 2011 Supplemental 8-K — 30

Sept 30,

Sept 30,

Sept 30,

Sept 30,

Sept 30,

Sept 30,

Sept 30,

Sept 30,

Sept 30,

Sept 30,

Sept 30,

Tenant/Lease Guarantor

Percent Ownership

Property Location

Property Type

Tenant Industry

Region

Square Footage  (e)

Annualized Contractual Minimum Base Rent (in thousands)

Percentage of Total Rent (e)

Increase Factor

Lease Expiration

Maximum Term

Raytheon Company

100

%

Webster, TX

Industrial

Business and Commercial Services

South

9,138

91

0.10

%

Fixed

Jul-2012

Sep-2016

EnGlobal U.S.

100

%

Beaumont, TX

Office

N/A

South

8,580

84

0.09

%

N/A

Sep-2014

Sep-2024

Moran Foods, Inc.

100

%

Montgomery, AL

Retail

Beverages, Food, and Tobacco

South

32,690

53

0.06

%

None

Oct-2017

Oct-2037

Olmsted Kirk Paper Co.

100

%

Beaumont, TX

Office

Forest Products and Paper

South

5,760

47

0.05

%

Fixed

Dec-2017

Dec-2022

SBH Holdings, LLC

100

%

Houston, TX

Office

Healthcare, Education and Childcare

South

5,632

45

0.05

%

Fixed

Aug-2013

Aug-2016

RGIS, LLC

100

%

Bloomingdale, IL

Office

Business and Commercial Services

Midwest

2,550

23

0.02

%

Fixed

Nov-2014

Nov-2014

Knight Security Systems

100

%

Houston, TX

Office

Business and Commercial Services

South

4,456

13

0.01

%

Fixed

Jun-2016

Jun-2021

Classic Cuisines Catering

100

%

Bloomingdale, IL

Office

Hotels and Gaming

Midwest

1,000

10

0.01

%

None

Apr-2012

Apr-2012

Action Buys Cars, Inc. (c)

100

%

Montgomery, AL

Retail

Retail Trade

South

1

10

0.01

%

None

MTM

MTM

LIVHO, Inc.

100

%

Livonia, MI

Hospitality

Hotels and Gaming

Midwest

158,000

—

0.00

%

Fixed

Jan-2014

Jan-2014

Google, Inc.

100

%

Venice, CA

Office

Telecommunications

West

67,681

—

0.00

%

Fixed

Oct-2025

Oct-2035

Juniper Networks, Inc.

100

%

Sunnyvale, CA

Industrial

Electronics

West

50,311

—

0.00

%

Fixed

Nov-2011

Nov-2021

Common Area (c)

95

%

Tours, France

Office

N/A

Europe

10,655

—

0.00

%

None

Sep-2012

Sep-2012

Vacant

100

%

Charlotte, NC

Industrial

N/A

East

437,500

—

—

N/A

N/A

N/A

Vacant

100

%

Jacksonville, FL

Warehouse/Distribution

N/A

South

240,000

—

—

N/A

N/A

N/A

Vacant

100

%

Bridgeton, MO

Office

N/A

Midwest

78,080

—

—

N/A

N/A

N/A

Vacant

100

%

Bloomingdale, IL

Office

N/A

Midwest

37,450

—

—

N/A

N/A

N/A

Vacant

100

%

Webster, TX

Warehouse/Distribution

N/A

South

34,804

—

—

N/A

N/A

N/A

Vacant

100

%

Broomfield, CO

Office

N/A

West

32,045

—

—

N/A

N/A

N/A

Vacant

100

%

Brewton, AL

Retail

N/A

South

30,625

—

—

N/A

N/A

N/A

Vacant

95

%

Tours, France

Office

N/A

Europe

28,284

—

—

N/A

N/A

N/A

Vacant

100

%

Houston, TX

Office

N/A

South

23,756

—

—

N/A

N/A

N/A

Vacant Total

942,545

—

—

Grand Total (d)

13,446,622

$

92,102

100

%

(a) Rents reflect a conversion rate of 1.2950 EUR/USD as of December 31, 2011.

(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 20 domestic self-storage properties in our Carey Storage subsidiary, totaling approximately 0.5 million square feet (on a pro rata basis).

(e) Numbers may not add due to rounding.

W. P. Carey 2011 Supplemental 8-K — 31