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W. P. Carey COO to retire

W. P. Carey Inc. COO and head of asset management Thomas Zacharias plans to retire from the company, effective March 31, 2017.

The company will promote Brooks Gordon to head of asset management upon Zacharias' retirement. Gordon joined the company in 2006.

Zacharias will also retire as COO of two W. P. Carey-sponsored nontraded REITs, Corporate Property Associates 17 - Global Inc. and Corporate Property Assoc. 18 Global Inc., when he leaves W. P. Carey.

Zacharias will remain with the W. P. Carey as a consultant for the remainder of 2017. He worked there for more than 15 years.