Chief financial officer John J. Park expects FFO per share for the quarter to be the highest the firm has ever seen and percentage growth to reach into the double digits. The growth in acquisition volume is attributed to the credit crunch that is impacting middle market companies, which limits alternative sources of financing and makes sale-leaseback attractive.

With the exception of one property in the UK, all the holdings are located in 13 states in the US. Carey spent $180 million to purchase the real estate, which takes up a total of 2 million sf. Nearly half the space is devoted to distribution facilities (46%), with the balance divided among manufacturing plants (24%), retail and entertainment properties (16%) and office buildings (14%).

W. P. Carey, the world's largest publicly traded LLC, specializes in net lease corporate real estate. It owns and manages more than 42 million sf of property in the US and Europe.