W. P. Carey Completes $580M Investment in Q1 2026
During the 2026 first quarter, W. P. Carey completed investment volume totaling approximately $580M. Single-tenant warehouse and industrial properties comprised approximately 60% of first quarter investment volume, while retail properties comprised 40%. From a geographic perspective, approximately 45% of first quarter investment volume was located in Europe and 35% in Canada, with the balance in the U.S. First quarter investments included the approximately $210M sale-leaseback of a portfolio of 14 high-quality auto dealerships in Western Canada, concentrated in the Greater Vancouver area with additional locations in Edmonton, Calgary and Winnipeg. The dealerships have strong site-level coverage and are net leased to Go Auto, an established market leader and the second largest automotive dealership group in Canada. At the time of investment, Go Auto ranked as W. P Carey's 22nd largest tenant by ABR. In addition, W. P. Carey currently has capital investments and commitments totaling approximately $170M scheduled to be completed during the remainder of 2026.
