CRIC CAPITAL ACQUIRES SOFTWARE GIANT'S HEADQUARTERS IN $204 MILLION SALE-LEASEBACK

BOSTON — CRIC Capital, LLC, one of the nation’s leading investors in net leased and other credit real estate, announced its acquisition of business software giant CA, Inc.’s 778,000-square-foot headquarters for $204.3 million — one of Long Island’s most expensive building sales on record.

CA, Inc., formerly known as Computer Associates International, Inc. has agreed to lease back the three-building campus for 15 years with options to renew the lease for up to a total of 35 years.  CA joins the long list of A-rated corporations that turn to CRIC Capital to structure net lease transactions to fortify their balance sheets and strengthen their operations.

“Leasing space is a standard business practice and frees up capital that can be used for other corporate purposes,” states James Bryant, CA’s Chief Administrative Officer. “CA signed a long-term lease for the Islandia facility and remains committed to Long Island.”

CA’s new lease arrangement will give one of Long Island’s biggest public companies the funds to help it expand, while also giving it the stability of not having to uproot its 2,000+ Islandia employees. In a statement made earlier this year, the company “is constantly evaluating its cost structure to ensure it is making the most effective investment decisions and delivering strong returns on invested capital."

About CA, Inc.

Computer Associates International, Inc. (NYSE:CA), one of the world's largest management software companies, delivers software and services across operations, security, storage, life cycle and service management to optimize the performance, reliability and efficiency of enterprise IT environments. Founded in 1976, CA is headquartered in Islandia, NY, and serves customers in more than 140 countries.  For more information, please visit http://ca.com.

About CRIC Capital, LLC

CRIC Capital, LLC, a privately-held firm backed by the deep institutional resources of Prudential Real Estate Investors, acquires and net leases individual assets and portfolios of commercial real estate to investment grade and non-investment grade companies, including both corporate and franchisee credits.  Net lease transactions allow corporations and organizations to strengthen their financial positions and free up capital to reinvest in their core business. Over the years, the principals of CRIC Capital have been actively involved in closing over $6 billion of net lease transactions.

Contact:
Victoria Nessen Kohlasch
CRIC Capital, LLC
617-388-9862
vkohlasch@nessenkohlasch.com