W. P. Carey Closes 43-Property Sale-Leaseback with GardenCore

Net lease REIT W. P. Carey (WPC) recently closed the sale-leaseback of a 43-property manufacturing portfolio with newly branded GardenCore (formerly Oldcastle Lawn & Garden), a leading U.S. manufacturer of lawn and garden consumables, for a reported $400 million. The deal follows Pacific Avenue Capital Partners’ $1.1-billion acquisition of GardenCore, as part of a corporate...