Lineage Logistics, LLC (Lineage), a provider of temperature-controlled industrial real estate investment trust (REIT) and logistics solutions provider, raised $1.7 billion in equity from new and existing partners.
"Participating investors include BentallGreenOak, CenterSquare Investment Management, Cohen & Steers, D1 Capital Partners, Healthcare of Ontario Pension Plan (HOOPP), NYSTRS, OP Trust, Oxford Properties, QuadReal Property Group, Rabobank, StepStone, and others," according to an official statement from Lineage.
The new capital will strengthen Lineage's balance sheet and will fuel investments in industry-leading technology including automation and proprietary software tools that help to improve supply chain efficiencies. It will also be used to fund Lineage's growth through greenfield developments, facility expansions, and investments in clean energy initiatives.
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