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July 5, 2006

Two Carey REITs to Merge

By Michelle Napoli

Two of the non-traded REITs sponsored and managed by W.P. Carey & Co. of New York City have agreed to merge. In a deal disclosed in Securities and Exchange Commission filings dated June 29, Corporate Property Associates 12 will merge into Corporate Property Associates 14. The boards of both REITs have approved the merger, which will now go before shareholders for their vote.


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