Strategic Plan to Exit Office

Capital Investments - Case Studies W. P. CAREY Capital investments have become a more meaningful part of our investment activity and allow us to pursue follow-on opportunities with existing tenants Upfield™ Since 1871 NAACK Recent Capital Investments Berry UNCHAINED LABS Upfield Group Completed July 2022 Investment: $25 million build-to-suit Facility Type: Research and Development Location: Wageningen, The Netherlands Size: 63,762 square feet Lease Term: 20-year lease Rent Escalation: Dutch CPI Berry Plastics Completed March 2023 Investment: $20 million renovation Facility Type: Industrial Location: Evansville, IN and Lawrence, KS Size: N/A Lease Term: 17-year lease Rent Escalation: U.S. CPI Unchained Labs Completed August 2023 Investment: $14 million redevelopment Facility Type: Laboratory Location: Pleasanton, CA Size: N/A Lease Term: 16-year lease Rent Escalation: Fixed 23

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