W.P. Carey: $395M in net leasebacks.W. P. Carey & Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading real estate investment banking firm and lessor One who rents real property or Personal Property to another. A lessor of land is a landlord. Cross-references Landlord and Tenant. lessor n. the owner of real property who rents it to a lessee pursuant to a written lease. of net leased corporate real estate, announced that it completed a record $395 million in sale-leaseback transactions with 19 companies in 2001, and more than $185 million worth in the fourth quarter alone. This is $40 million more as compared to 2000 when the firm completed transactions with 32 companies and nearly triple the dollar amount of transactions completed in 1997. Among the companies W. P. Carey completed transactions with in 2001 were: PETsMART Inc., Gibson Guitar, Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony , Builders FirstSource, Inc, Special Devices Inc., Gerber Scientific Gerber Scientific Inc., located in South Windsor, Connecticut, is the parent of companies which provide end-to-end customer solutions to the world's sign making and specialty graphics, ophthalmic lens processing, and apparel and flexible materials industries. , and Jen Coat, Inc. The properties were purchased by Corporate Property Associates 12 and Corporate Property Associates 14, two of the five real estate investment trusts that makeup the $3.5 billion W. P. Carey Group of public non-traded REITs managed by W. P. Carey and Co. LLC. |
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