W. P. Carey & Co. LLC Names David W. Marvin Senior Vice President
Leading Wholesaler Serving Northeast Territory Promoted
NEW YORK, NY – October 26, 2000 – W. P Carey & Co. LLC (NYSE: WPC), a leading real estate investment banking firm and lessor of net leased corporate properties, today announced the appointment of David W. Marvin as Senior Vice President.
Mr. Marvin, who joined the company in 1995 as Marketing Director for the northeastern region of the Unites States, was elected a First Vice President in April 1998. Prior to his employment by W. P. Carey, David Marvin spent 15 years at Prudential Securities and Kidder Peabody, and was a National Director of Sales for the Cigna Corporation. He is a Registered Principal with the National Association of Security Dealers, Inc. Mr. Marvin received a B.A. from the University of Massachusetts at Amherst.
Commenting on Mr. Marvin's promotion, Wm. Polk Carey, Chairman of W. P. Carey, stated, "As a leading wholesaler of W. P. Carey's investment products historically and most recently with CPA®:14, W. P. Carey's current real estate investment trust (REIT) offering, Mr. Marvin has distinguished himself within a highly effective sales team. The combination of his intelligence and exceptional people skills has enabled him to provide outstanding service to, and generate tremendous business from the financial advisory community throughout the Northeast Region of the country. His appointment to the position of Senior Vice President reflects his success and the significance of his contribution to the growth of our firm."
Founded in 1973, W. P. Carey & Co. specializes in corporate real estate financing using the corporate net lease, or sale-leaseback structure. The firm and its affiliates is one of the largest lessors of net leased corporate real estate in the nation. W. P. Carey & Co. LLC (NYSE: WPC), the largest publicly traded Limited Liability Company in the world, owns and manages over 38 million square feet of property in the USA and Europe. Additional information about W. P. Carey can be found on the company's Web site: www.wpcarey.com
This press release contains forward-looking statements within the meaning of the Federal securities laws. A number of factors could cause the company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the company, reference is made to the company's filings with the Securities and Exchange Commission.
