NOVI, Mich.–(BUSINESS WIRE)–Lineage Logistics, LLC and/or its affiliated entities (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised over $700 million in equity from new and existing strategic partners.
“Our latest equity raise shows the confidence our investors have in Lineage’s business model and our demonstrated ability to meet demand globally in the face of macro-economic headwinds, inflationary pressures and capital markets volatility,” said Greg Lehmkuhl, President and CEO of Lineage. “We believe we have an especially important responsibility to continue investing in new warehouse capacity in critical locations to not only help reduce waste and congestion in the global food supply chain but also to help our customers…