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REITS Want Out of Cold Storage.(Brief Article)
Crescent Real Estate, Fort Worth, Texas, and Vornado Realty Trust, New York, are looking to disentangle themselves from AmeriCold Logistics, a provider of cold storage and transportation facilities.
The two real estate investment trusts are looking to raise medium-term bank financing of over $200 million and have engaged underwriters to explore the additional financing.
The REITs said that the money will allow them "to make a meaningful reduction of their investment in this business and will provide ...
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Source: HighBeam Research, REITS Want Out of Cold Storage.(Brief Article)