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Sanzone Assumes CFO Position at Carey Watermark REITs

Carey Watermark Investors and Carey Watermark Investors 2, two publicly registered non-traded REITs sponsored by W. P. Carey Inc. (NYSE: WPC), announced that ToniAnn Sanzone will be appointed chief financial officer of both companies on October 14th, following the resignation of Hisham Kader. Kader, whose resignation was announced late last week, is leaving the company to fill a CFO position at an unnamed private real estate company based in Boston.

As reported by The DI Wire on Friday, Sanzone, W.P. Carey’s chief accounting officer, will also serve as interim CFO of W.P. Carey and CFO of the company’s other non-traded REITs: Corporate Property Associates 17 and Corporate Property Associates 18.

Sanzone joined W. P. Carey in April 2013 as global corporate controller. Prior to joining the company, she served as the corporate controller at iStar Financial Inc., where she held various senior accounting positions from 2006 to 2013. Sanzone is a certified public accountant licensed in the states of New York and New Jersey, and graduated magna cum laude with a bachelor’s degree in accounting from Long Island University, C.W. Post (now LIU Post).

W. P. Carey provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide and has an enterprise value of approximately $11.7 billion. In addition to its owned portfolio of diversified global real estate, the firm manages a series of non-traded publicly registered investment programs with assets under management of approximately $11.7 billion.

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