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W. P. Carey announces election of Peter Farrell to board

Peter J. FarrellW. P. Carey Inc., a REIT, announced that Peter J. Farrell has been elected a director of the company.

Mr. Farrell is a Partner and Co-founder of CityInterests, LLC and PADC Realty Investors LLC (PADC), both Washington, DC real estate development and investment companies.

READ MORE W. P. Carey & Co: Mark J. DeCesaris joins the board

Prior to founding PADC, Mr. Farrell was President and Chief Operating Officer of Medical Office Properties Inc., a REIT focused on healthcare related real estate assets.

Before joining Medical Office Properties, Mr. Farrell served in various positions at Legg Mason Wood Walker. During his tenure, he served as Vice President of Legg Mason Wood Walker and Managing Director of Legg Mason Realty Advisors.

Prior to joining Legg Mason, Mr. Farrell spent 13 years in commercial real estate leasing and sales at Shannon and Luchs Company and Cassidy and Pinkard Inc. in Washington, DC.

During 2004 and 2005, Mr. Farrell served as Director of CRT Properties Inc. and was a member of the Investment, Compensation and Governance Committees. The NYSE-listed REIT was sold and merged into DRA Advisors in 2005.

A graduate of Georgetown University, Mr. Farrell serves on boards of several educational institutions and philanthropic organizations.


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