Moodys says W. P. Carey's acquisition of CPA:18 does not have any rating implications
Announcement: Moodys says W. P. Carey's acquisition of CPA: 18 does not have any rating implications. Global Credit Research- 02 Mar 2022. New York, March 02, 2022-- W. P. Carey Inc.' s announcement that it was acquiring CPA: 18, a non-traded REIT managed by W. P. Carey, will not affect its Baa2 senior unsecured debt rating or its positive rating outlook.W. P. Carey is an internally-managed diversified real estate investment trust (REIT). The company's business operates in two segments: Real Estate, in which the company invests in commercial real estate properties that are net-leased to tenants, primarily located in the U.S. and Northern and Western Europe; and Investment Management, in which the company manages tjhe portfolios of certain non-traded investment programs through its investment management business, non-traded REITs that have invested in lodging and lodging-related properties, and a private limited partnership formed for the purpose of developing, owning, and operating student housing properties and similar investments in Europe.
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