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W. P. Carey buys 14 Western Canada auto dealerships in sale‑leaseback deal

New York firm pays $287 million for Go Auto properties
The sale-lease back deal includes this automotive property at 5680 Parkwood Crescent in Richmond, British Columbia. (CoStar)
The sale-lease back deal includes this automotive property at 5680 Parkwood Crescent in Richmond, British Columbia. (CoStar)

Net lease real estate investment trust W. P. Carey has completed a sale‑leaseback deal for 14 automotive dealership properties across Western Canada, expanding its presence in single‑tenant commercial real estate tied to major operating businesses.

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News | W. P. Carey buys 14 Western Canada auto dealerships in sale‑leaseback deal