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Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to W.P. Carey Inc. (“W.P. Carey”) in connection with its announced merger with Corporate Property Associates 17 – Global Incorporated (“CPA:17”), a publicly held non-traded REIT advised by W. P. Carey, in a stock-for-stock transaction valued at approximately $6 billion. The transaction is expected to close late in December 2018 and is subject to customary closing conditions.

W.P. Carey ranks among the largest diversified net lease REITs with an enterprise value of over $10 billion and a portfolio of operationally critical commercial real estate totaling 886 properties covering approximately 85 million square feet. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators. Its portfolio is located primarily in North America and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.

The Simpson Thacher team includes Stephen Wiseman and Chris Scavone (M&A).