Home | Business News | Browse by Publication | P | PR Newswire

W. P. Carey & Co. Purchases For-Profit Post Secondary Schools From Lincoln Technical Institute, Inc. $10 Million Acquisition Includes Training Schools Located In Pennsylvania, New Jersey and Texas.

Publication: PR Newswire
Publication Date: 12-FEB-02
Format: Online - approximately 695 words
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- W. P. Carey & Co. LLC , a real estate investment banking firm and lessor of net leased corporate real estate, announced today that it has purchased and leased-backed four training and career schools from New Jersey-based Lincoln Technical Institute, Inc. (Lincoln) for approximately $10.1 million. Lincoln is a leader in the for-profit post secondary school industry that provides training and career preparation for recent high school graduates and older adults.

Under the terms of the sale-leaseback transaction, the four training and career centers will be leased to Lincoln under a 15-year bond-type net lease. The schools include a 31,000...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from PR Newswire
New Consulting Firm Offers Unique Approach to Brand Management and Str..., February 12, 2002
Senior Financial Executives Say Enron Damaged Credibility of Accountin..., February 12, 2002
Deion Sanders to Host the 51st Annual Miss USA(R) Competition, Live Fr..., February 12, 2002
Allou Health & Beauty to Announce Third Quarter Results on February 14..., February 12, 2002
Preserver Group Announces Extension of Expiration Date of Cash Tender ..., February 12, 2002

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.