Articles Tagged with Carey Watermark

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Money MazeEarlier this month, a tender offer to purchase shares of Carey Watermark Investors Inc. (“Carey Watermark”), a publicly registered non-traded real estate investment trust managed by W.P. Carey Inc. (NYSE: WPC), was reportedly completed by a private investor known as Everest REIT Investors I LLC (“Everest”).

According to public SEC filings, the unsolicited offer to purchase up to 7.02 million shares of common stock, or roughly 5 percent of the outstanding shares of Carey Watermark, resulted in Everest’s  purchase of 48,831 shares for $7.50 each in its tender offer that expired on March 29, 2019.

Carey Watermark shares originally sold for $10.00 each and have an estimated net asset value  (NAV) of $10.41 as of December 31, 2017.