What is a build-to-suit?
In a build-to-suit, W. P. Carey funds and manages the construction of a new facility or the expansion of an existing one to meet the specifications of a prospective or existing tenant. Upon completion, the company enters into a long-term net lease, while securing full operational control of the new or expanded facility.
Benefits of a build-to-suit
We have extensive experience working with developers and tenants to structure customized build-to-suit financing programs that meet their specific needs -- whether it be traditional construction financing that funds over time or take-out financing upon completion.