Conference Call and Audio Webcast Scheduled for 11:00 AM (ET)

NEW YORK, NY -- (Marketwire) -- 10/08/08 -- Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it will release its financial results for the third quarter 2008 prior to market-open on Thursday, November 6, 2008. The financial results will be released via W. P. Carey's corporate website, all major wire services, direct fax and electronic mail.

Date: Thursday, November 6, 2008

Start Time: 11:00 AM (ET)

Call-in Number: 1-877-407-0782

(International) +1-201-689-8567

Please call at least 10 minutes prior to call to register

Replay Number: 1-877-660-6853

(International) +1-201-612-7415

Replay Available until November 21, 2008 at midnight ET.

Replay Access Codes: Account # 286 and Conference ID # 299626. Please note that both access codes are required for playback.

Webcast: www.wpcarey.com/earnings

Podcast: www.wpcarey.com/podcast

Available after 2:00 PM (ET)

Speakers: Chairman Wm. Polk Carey, President and Chief Executive Officer Gordon F. DuGan, Acting Chief Financial Officer Mark DeCesaris, and Chief Operating Officer Thomas E. Zacharias.

Format: Discussion of third quarter 2008 financial results followed by Q&A.

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

Individuals interested in receiving future updates on W. P. Carey via e-mail can register at www.wpcarey.com/alerts.

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.

W. P. Carey & Co. LLC
50 Rockefeller Plaza
New York, NY 10020
www.wpcarey.com