COCO Vita Coco Company Inc

NEW YORK, Feb. 2 /PRNewswire-FirstCall/ -- Investment firm W. P. Carey & Co. LLC (NYSE:WPC) announced today that it has agreed to provide Corinthian Colleges, Inc. (NASDAQ:COCO), a post-secondary education company, approximately $52 million to fund the construction of two new student housing facilities. A 156-apartment facility in Laramie, WY will accommodate 624 students and a 164-apartment facility in Blairsville, PA will house 648 students. The facilities will be operated under the WyoTech brand name, which is part of Corinthian's Titan Schools division. WyoTech offers specialized training in the automotive, diesel, collision/refinishing, aviation, motorcycle and marine industries. (Logo: http://www.newscom.com/cgi-bin/prnh/20060202/NYTH056LOGO ) W. P. Carey acquired the facility on behalf of its affiliated income generating real estate fund Corporate Property Associates 16 - Global. Corinthian Colleges will lease the properties under two separate 20-year leases with four, ten-year renewal options. CRESA Partners, an international corporate real estate advisory firm, represented Corinthian Colleges, Inc. in structuring the sale-leaseback transactions. In addition, CRESA Partners provided the outsourced real estate services for Corinthian and handled all real estate aspects of these projects including site selection, design management and construction management of the build-to-suits. Anne Coolidge Taylor, a Managing Director at W. P. Carey, said, "This financing offers an excellent example of how the sale-leaseback can be used to expand a company's business. As a result of this transaction, Corinthian will be able to offer its WyoTech students additional living accommodations, which will help attract students from around the globe and further position the Company as a leader in post-secondary education." Timothy Schutz, Division President of Titan Schools, Inc., said, "Comfortable and affordable living arrangements are an important element of the overall WyoTech experience for students. The addition of these facilities will significantly expand the availability of housing for our students at the Laramie and Blairsville campuses, making our programs even more attractive to students, both nationally and internationally." Sandy Kikerpill, partner with CRESA Partners Orange County, said, "This transaction required navigation through complex accounting, construction and finance issues. The team worked together to create a lease which made economic sense and provides state-of-the art living facilities for Corinthian students." CORINTHIAN COLLEGES, INC. Corinthian Colleges, Inc. is one of the largest post-secondary education companies in North America, operating 97 colleges in 25 states in the U.S. and 33 colleges in seven provinces in Canada. The Company's mission is to help students prepare for careers that are in demand or to advance in their chosen career. Corinthian offers diploma programs and associate's, bachelor's and master's degrees in a variety of fields, concentrating on careers in health care, business, criminal justice, transportation maintenance, trades and technology. http://www.cci.edu/ W. P. CAREY & CO. LLC Founded in 1973, W. P. Carey & Co. LLC specializes in helping companies and private equity firms realize the capital tied up in their real estate assets. Whether used for buyouts, add-on acquisitions, recapitalizations or growth, net lease financing provides access to 100% of the real estate's value enabling companies to maintain complete operational control. Acting as principals in transactions from $5 million to $500 million, W. P. Carey and its affiliates have committed approximately $3 billion over the last three years and now manage more than $7.4 billion in assets. http://www.wpcarey.com/finance. CRESA PARTNERS CRESA Partners is an international corporate real estate advisory firm that exclusively represents tenants/space users and specializes in the delivery of fully integrated real estate services, including: Strategic Planning, Site Selection & Incentives, Transaction Services, Dispositions, Project Management, Relocation Planning & Management, Portfolio/Lease Administration, Capital Markets Expertise, and Facility Management. CRESA Partners is one of the largest pure tenant representation firms in the U.S. and Canada. As an alliance member of the Atisreal international real estate group, CRESA Partners is the fifth-largest real estate organization in the world, covering 32 countries and more than 125 cities. For more information on CRESA Partners, please visit http://www.cresapartners.com/. Individuals interested in receiving future updates on W. P. Carey via e-mail can register at http://www.wpcarey.com/alerts. This press release contains forward-looking statements within the meaning of the Federal securities laws. A number of factors could cause the company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the company, reference is made to the company's filings with the Securities and Exchange Commission. PRESS CONTACT: Curt Ritter W. P. Carey & Co. LLC 212-492-8989 Media Kit: http://www.wpcarey.com/MediaKit First Call Analyst: FCMN Contact: critter@wpcarey.com http://www.newscom.com/cgi-bin/prnh/20060202/NYTH056LOGO http://photoarchive.ap.org/ DATASOURCE: W. P. Carey & Co. LLC CONTACT: Curt Ritter of W. P. Carey & Co. LLC, +1-212-492-8989, , or Media Kit: http://www.wpcarey.com/MediaKit Web site: http://www.wpcarey.com/ http://www.cresapartners.com/

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