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PW NOVA Financial Services
William Polk Carey's family office, PW NOVA Financial Services, manages real estate and philanthropic capital from Nashville, TN.
PW NOVA Financial Services
PWA Financial is a financial services company based out of Yardley PA. PWA was founded in January 2013 by Michael D. Carlucci and Kenneth C. Coniglio. PWA is dedicated to providing first class financial service while continuing to embrace the tried-and-true fundamental investment axioms of traditional Modern Portfolio Theory.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Newtown
Corporate office
Nashville, TN, United States
Principals
William Polk Carey
Founder
Sector focus
Frequently asked questions
Who founded PW NOVA Financial Services, and what was the source of wealth?
The office manages capital generated by William Polk Carey, who founded W. P. Carey & Co. in 1973. Carey pioneered the corporate sale-leaseback model, building one of the largest publicly traded net-lease REITs. He passed away in 2012, and the family office now stewards his legacy investment and philanthropic assets from Nashville, Tennessee.
How does the Carey family office approach real estate investing?
The office concentrates on net-lease and sale-leaseback transactions — the structure W. P. Carey himself scaled. The portfolio includes industrial, office, and retail properties in North America and Western Europe, typically under long-term triple-net leases. The office favors direct asset ownership and structured joint ventures over fund commitments in real estate.
What is the relationship between PW NOVA and W. P. Carey Inc.?
W. P. Carey Inc. is the publicly traded REIT William Polk Carey founded. PW NOVA Financial Services is the private single-family office that manages the Carey family's separate investment holdings and philanthropic activities. While there is historical alignment in strategy, the family office operates independently and is not a subsidiary of the public company.
Does PW NOVA take outside capital or operate as a multi-family office?
No. PW NOVA Financial Services is a single-family office. It does not manage third-party capital, nor does it offer wealth management services to unrelated families. Its mandate is exclusively to manage the Carey family's assets and philanthropic commitments.
What philanthropic activities are connected to this office?
The W. P. Carey Foundation is the primary philanthropic vehicle. Founded by William Polk Carey, it has donated over $300 million cumulatively to higher education, including naming gifts to Johns Hopkins Carey Business School and the University of Pennsylvania Carey Law School. Grant-making operates independently from the family office's investment activities.
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