NEW YORK, NY -- (Marketwire) -- 08/11/08 -- Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that Mark M. Goldberg has been appointed President of Carey Financial, LLC, the company's broker-dealer subsidiary responsible for wholesaling its Corporate Property Associates (CPA®) series of non-traded real estate investment trusts.

Gordon DuGan, Chief Executive Officer and President of W. P. Carey, commented, "W. P. Carey is committed to developing, enhancing and growing its sales and marketing organization in a manner that best serves its existing broker-dealer clients. With more than 20 years of experience in the financial services industry, Mark brings a wealth of industry knowledge and contacts that we believe will support this commitment to our existing clients and also allow us to expand our relationships in the broker-dealer community."

Commenting on his appointment, Mr. Goldberg noted, "W. P. Carey's 35 year history and cycle-tested investment strategy position the company well in an environment where investors are looking for portfolio diversification within the context of defined risk parameters. In addition, W. P. Carey's disciplined investment approach and thorough underwriting process has proven itself by delivering superior returns through all types of market and economic cycles. Consequently, working with W. P. Carey and their clients is a great opportunity for me, and I look forward to applying my own background and expertise in the financial services industry to the firm's sales and marketing efforts."

Prior to joining W. P. Carey, Mr. Goldberg served as CEO and President of independent broker-dealer AIG-Royal Alliance, Inc. Prior to his appointment as CEO and President of AIG-Royal Alliance, he held senior management positions at SunAmerica Financial Network, AIG Securities - Tokyo, and Royal Alliance Associates, Inc.

Mr. Goldberg is a founding member and former Director of the Financial Services Institute and a Licensed Securities Principal (Series 24). He holds a Bachelors degree in Economics from Yeshiva University.

W. P. Carey & Co. LLC

W. P. Carey & Co. LLC provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages a global investment portfolio worth more than $10 billion. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of income-generating, non-traded REITs help companies and private equity firms release capital tied up in real estate assets. Now in our 35th year, the W. P. Carey Group's real estate holdings are highly diversified, comprised of more than 850 commercial and industrial assets spanning 28 industries and 14 countries. www.wpcarey.com

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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.