Temperature-controlled industrial REIT Lineage Logistics has raised $1.7 billion in equity from new and existing investors.
The new capital will strengthen Lineage's balance sheet and will fuel Lineage's investments in automation and proprietary software tools that help to improve supply chain efficiencies. It will also be used to fund Lineage's greenfield developments, facility expansions, and investments in clean energy initiatives.
"As we head into 2022, this new equity gives us even more confidence in our ability to drive future growth opportunities for our business, the industry, and the wider food supply chain," said Lineage CEO Greg Lehmkuhl in prepared remarks.
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