BBG: Lineage raises $1.6bn amid demand surge for cold storage

September 17, 2020 LoadstarEditorial

BLOOMBERG reports:
Cold-storage specialist Lineage Logistics raised $1.6 billion from investors including Oxford Properties Group, private equity firm BentallGreenOak and Dan Sundheim’s D1 Capital Partners as the pandemic pressures the food-supply chain.
The closely held real estate investment trust plans to use the equity to expand, in part by pursuing acquisitions, Co-Chairman Adam Forste said.
“In addition to expanding or building new sites, we’ve closed 16 acquisitions in the year to date and ...

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