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Latham & Watkins Advises W. P. Carey in Completed REIT Spin-Off
November 7, 2023
Firm represents the net lease REIT in spin-off of office assets and related financing.
W. P. Carey Inc. (W. P. Carey, NYSE: WPC) has announced that it has completed the previously announced spin-off of 59 office properties into Net Lease Office Properties, a separate, publicly-traded real estate investment trust that was listed on the New York Stock Exchange under the symbol "NLOP."
Latham & Watkins LLP advised W. P. Carey on the spin-off and related financing with a corporate deal team led by partners Michael Haas, Darren Guttenberg, Betsy Jaffe, Bill Cernius, Julian Kleindorfer, and Justin Elliott, and counsel Shira Bressler, with associates Nicole Stauffer, Andrew Bentz, and Gregory Van Buiten.