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W. P. Carey Inc. Closes $355 Million Acquisition of 73-Property Pendragon Auto Dealership Portfolio

W. P. Carey Inc. has acquired a portfolio of 73 automotive retail facilities net leased to Pendragon plc, the largest automotive dealer in the UK. Pendragon sells a range of new and used vehicles and a variety of automotive brands such as Kia, Ford, Range Rover, BMW, Mercedes, Jaguar and Ferrari.NEW YORK, Jan. 28, 2015 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a real estate investment trust (REIT) specializing in corporate sale-leaseback financing, build-to-suit construction financing and the acquisition of single-tenant net lease properties, announced today that it has...