W.P. Carey to leave office sector through spinoff and asset sales (NYSE:WPC)

W.P. Carey (NYSE:WPC) said on Thursday it plans to exit the office sector by selling more than half of its office properties and putting the others in a new company to be spun off as a separate publicly traded REIT. Office occupancy rates have suffered as many corporations adopt hybrid work…#wpcarey #jasonfox #reit #nlop #jpmorgan #epr
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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