NEW YORK, Dec. 12, 2016 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), an internally-managed net lease real estate investment trust, announced today that Gino Sabatini has been promoted to Head of Investments. In this role he will oversee the sourcing, negotiating and structuring of W. P. Carey's investments in the U.S. and Europe. He will report to W. P. Carey's President, Jason Fox, who will directly oversee both the Company's investment and asset management activities.
Commenting on Mr. Sabatini's promotion, Mr. Fox noted, "Over the past five years Gino has been responsible for more than $6 billion in acquisitions for W. P. Carey and our managed funds. He has also been a mentor and leader to the other members of our investment team. As a result, he has not only helped grow the company, but helped develop a team of investment professionals that form the backbone of our established and well-recognized acquisitions group. We are pleased to announce Gino's promotion and I, personally, look forward to continuing our long and productive relationship, having worked with Gino for more than 14 years."
Previously, Mr. Sabatini served as Co-Head of Global Investments from 2011 to 2015 and Head of U.S. Net Lease Investments from 2015 to 2016, having joined W. P. Carey in 2000. He is a graduate of the University of Pennsylvania where he was enrolled in the Management and Technology program. He received a B.Sc. in Mechanical Engineering from the Engineering School and a B.Sc. in Economics from the University of Pennsylvania's Wharton School. He earned his M.B.A. from Harvard Business School.
W. P. Carey Inc.
W. P. Carey Inc. is a leading internally-managed net lease REIT that provides long-term sale-leaseback and build-to suit financing solutions primarily for companies in the U.S. and Europe. At September 30, 2016, the Company had an enterprise value of approximately $11.0 billion. In addition to its owned portfolio of diversified real estate, W. P. Carey manages a series of non-traded publicly registered investment programs with assets under management of approximately $12.2 billion. Its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising dividend income to investors for over four decades.
W. P. Carey Inc.
Ross & Lawrence
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SOURCE W. P. Carey Inc.