W.P. Carey has completed a C$287 million ($210 million) sale-leaseback of a 14-property auto dealership portfolio across Western Canada, expanding its presence in the country’s automotive retail sector.
The transaction, which closed in March 2026, includes more than 570,000 square feet of dealership space located in major markets such as Vancouver, Calgary, Edmonton and Winnipeg. The portfolio is triple net leased to Go Auto, one of the largest dealership operators in Canada.
Go Auto operates 74 locations across Western Canada and the United States and offers more than 16,000 new and pre-owned vehicles across 31 brands. The company has also been recognized as one of Canada’s best-managed companies by Deloitte.
The properties are situated in high-traffic retail and commercial corridors, where automotive real estate is typically supply constrained, enhancing the long-term value of the assets. The portfolio represents a critical portion of Go Auto’s operating
