W.P. Carey REITs Appoint New CFO

CPA: 17– Global and CPA: 18 – Global, two publicly registered non-traded real estate investment trusts sponsored by W.P. Carey Inc. (NYSE: WPC), announced that their respective boards of directors appointed Hisham A. Kader as the chief financial officer of both companies. On the same day, Catherine Rice resigned from her role as the chief financial officer of the two REITs and will remain a managing director.  

Kader has served as chief accounting officer of CPA: 17 – Global since March 2012, and held the same role at CPA: 18 – Global since September 2012. Kader also served in various capacities for the companies’ sponsor, W. P. Carey, including most recently as its chief financial officer. 

Before joining W. P. Carey in June 2011, Kader served as a director in the transaction services practice at PricewaterhouseCoopers LLP. He joined PricewaterhouseCoopers in 1997 in New York and subsequently spent six years at their offices in Sydney and Brussels, during which time he specialized in advisory services focusing on mergers and acquisitions, capital raising transactions, finance effectiveness and accounting standards conversions. Kader is a certified public accountant licensed in the state of New York and holds a bachelor’s degree in electronics and communication engineering from the Manipal Institute of Technology in India, a master’s degree in finance from the University of Illinois at Urbana-Champaign, and a master’s in accounting from Pace University.

To replace Kader as the chief accounting officer of both CPA: 17 – Global and CPA: 18 – Global, the boards appointed ToniAnn Sanzone who has served as the global corporate controller of both REITs since February 2014.  She also served in various capacities at W. P. Carey, including most recently as its chief accounting officer.  

Prior to joining W. P. Carey in April 2013, Sanzone served as corporate controller from 2006 to 2013 at iStar Financial Inc., a publicly traded, fully integrated finance and investment company, where she oversaw accounting, financial reporting, tax and internal audit.  From 2004 to 2006, she served in various accounting and financial reporting roles at Bed Bath and Beyond, Inc., a publicly traded company.  Sanzone is a certified public accountant licensed in the states of New York and New Jersey.  She graduated magna cum laude with a bachelor’s in accounting from Long Island University, C.W. Post.

W. P. Carey Inc. is a global net lease real estate investment trust specializing in corporate sale-leaseback financing, build-to-suit financing and the acquisition of single-tenant net lease properties.