**W. P. Carey Completes $61M Sale-Leaseback with AeriTek in Mexico**
W. P. Carey Inc. (WPC), a leading net lease real estate investment trust (REIT), has successfully completed a $61 million sale-leaseback transaction involving six industrial facilities in Mexico. The portfolio spans approximately 670,000 square feet and is net-leased to AeriTek, a key designer, manufacturer, and distributor of commercial refrigeration and foodservice equipment.
These facilities represent AeriTek’s most profitable manufacturing assets, including the only plants serving the U.S. and Mexican markets—markets that collectively account for about 75% of AeriTek’s revenue. The company maintains longstanding partnerships with some of the world’s largest food and beverage corporations and is currently backed by private equity firm Mill Point Capital.
“This cross-border transaction highlights our ability to execute complex sale-leasebacks in Mexico,” said Zachary Pasanen, Managing Director of Investments at W. P. Carey. “In today’s environment, sale-leasebacks remain a powerful tool for unlocking capital and supporting long-term growth. This deal reflects our continued commitment to providing flexible real estate solutions that deliver strategic value for our partners.”
The transaction underscores WPC’s strategic focus on long-term, income-generating assets and its ongoing efforts to support operating companies with mission-critical real estate solutions.
