# W. P. Carey

W. P. Carey is an Asset Manager based in San Ramon, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Ramon, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1973
- **Assets under management:** $25B–$30B (Altss estimate)
- **Website:** wpcarey.com
- **LinkedIn:** https://www.linkedin.com/company/w-p-carey-inc

## About

W. P. Carey Inc. is an SEC-registered investment adviser in San Ramon, CA, registered since 2022. The firm manages $223 million in assets, $215 million on a discretionary basis. It has 3 employees and 2 investment advisers.

## Sectors

- Real Estate
- Industrial
- Warehousing
- Infrastructure

## Offices

- Amsterdam
- London
- Dallas

## People

- Jason E. Fox — Chief Executive Officer

## Questions

### Who runs investment decisions at W. P. Carey?

Jason E. Fox serves as CEO and leads the firm's executive management team. The company operates with a centralized investment committee that evaluates property acquisitions and sale-leaseback transactions based on tenant credit quality, lease duration, and asset criticality. Fox assumed the CEO role in 2018, succeeding Mark DeCesaris, and has since overseen the portfolio's shift toward industrial assets.

### Does W. P. Carey participate in fund commitments or only direct deals?

W. P. Carey invests exclusively through direct property acquisitions and structure corporate sale-leaseback transactions on its own balance sheet. The firm does not commit capital to external real estate funds as a limited partner. Its capital comes from retained earnings, public equity issuance, and corporate debt rather than from closed-end institutional fund vehicles.

### What properties did W. P. Carey spin off in 2023 and why?

In November 2023, W. P. Carey completed a spin-off of 59 primarily office properties into a separate publicly traded REIT called Net Lease Office Properties (NLOP). The structural move allowed W. P. Carey to become a near-pure-play industrial and warehouse net-lease investor, reducing its exposure to the office sector's post-pandemic valuation uncertainty. NLOP trades independently on the NYSE.

### Which geographic markets does W. P. Carey concentrate on?

The firm concentrates on North America and Northern Europe, with distinct investment teams in the United States, the Netherlands, Germany, and Denmark. Its European platform, built through acquisitions of local net-lease portfolios and direct corporate relationships, represents roughly one-third of the overall asset base. W. P. Carey does not maintain a material presence in Asia-Pacific or Latin America.

### What investment sectors does W. P. Carey target?

The firm targets operationally critical industrial and warehouse facilities, with secondary exposure to retail and self-storage properties. Its acquisition criteria focus on assets that tenants cannot easily relocate — distribution centers, light-manufacturing plants, and cold-storage facilities. W. P. Carey explicitly reduced its office exposure through the 2023 Net Lease Office Properties spin-off and does not actively invest in hospitality, residential, or pure-development land.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/w-p-carey-inc

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