1025378--2/29/2008--CAREY_W_P_&_CO

related topics

{investment, property, distribution}

{loan, real, estate}

{loss, insurance, financial}

{operation, international, foreign}

{tax, income, asset}

{regulation, change, law}

{cost, regulation, environmental}

{stock, price, share}

{stock, price, operating}

The agreement in principle with the SEC is subject to certain contingencies. The revenue streams from the investment advisory agreements with the CPA REITs are subject to limitation or cancellation. Changes in investor preferences or market conditions could limit our ability to raise funds or make new investments. Our investment management operations expose us to more volatility in earnings than our real estate investment business. The failure of Carey REIT II, our real estate subsidiary, to qualify as a REIT would adversely affect our operations and ability to make distributions. Possible legislative or other actions affecting REITs could adversely affect our stockholders and us. The inability of a tenant in a single tenant property to pay rent will reduce our revenues. We depend on major tenants. A substantial amount of our leases will expire within the next five years. Our sale-leaseback agreements may permit tenants to purchase a property at a predetermined price, which could limit our realization of any appreciation or result in a loss. We may recognize substantial impairment charges on our properties. Investments in properties outside of the United States subject us to foreign currency risks which may adversely affect distributions. International investments involve additional risks. We may have difficulty re-leasing or selling our properties. Our participation in joint ventures creates additional risk. We do not fully control the management of our properties. We are subject to possible liabilities relating to environmental matters. Our use of debt to finance investments could adversely affect our cash flow. Deterioration in the credit markets could adversely affect our ability to finance or refinance investments and the ability of our tenants to meet their obligations, which could affect our ability to make distributions. We may be unable to make investments on an advantageous basis. Our portfolio growth is constrained by our obligations to offer property transactions to the CPA We may suffer uninsured losses. Changes in market interest rates could cause our stock price to go down. A potential change in United States accounting standards regarding operating leases may make the leasing of facilities less attractive to our potential domestic tenants, which could reduce overall demand for our leasing services. The value of our real estate is subject to fluctuation.

Full 10-K form ▸

1025378--2/29/2008--CAREY_W_P_&_CO_LLC