Need help managing your property portfolio? Keep calm and Carey on. W. P. Carey invests in and manages commercial real estate, including office, distribution, retail, and industrial facilities. The company owns more than 1,000 properties mainly in the US and Europe, and manages properties for several non-traded real estate investment trusts (REITs). Its management portfolio totals some $15 billion. W. P. Carey typically acquires properties and then leases them back to the sellers/occupants on a long-term basis. It also provides build-to-suit financing for investors worldwide. W. P. Carey is converting to a REIT, a corporate structure that comes with tax benefits and more flexibilty in investing in real estate.