W.P. Carey REIT Names New Chief Accounting Officer
Corporate Property Associates:18 – Global, a publicly registered non-traded real estate investment trust sponsored by W.P. Carey (NYSE: WPC), appointed Kristin Sabia as chief accounting officer. The position was previously held by ToniAnn Sanzone, who will continue her role as the company’s chief financial officer.
Sabia joined affiliated non-traded REIT, Corporate Property Associates 17, in November 2012 as assistant controller. She was promoted to controller in January 2015, and then to chief accounting officer in October 2016, as previously reported by The DI Wire.
Prior to joining the W.P. Carey affiliates, she held various positions in the assurance practice of Ernst & Young LLP, where she specialized in real estate. Sabia is a certified public accountant and received a bachelor’s degree in accounting from the State University of New York at Albany.
CPA:18, which focuses on investing in income-producing commercial properties and real estate-related assets, went effective in May 2013 and closed in April 2015 after raising $1.3 billion in investor equity. The company’s portfolio consists of 134 properties with an investment cost of $2.1 billion, according to Summit Investment Research’s third quarter report.
