STAG Industrial (STAG) Agrees to Source Sale Leaseback Deals for Columbus Nova Real Estate

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STAG Industrial, Inc. (NYSE: STAG) reports that Columbus Nova Real Estate Acquisition Group, Inc. has agreed to source sale leaseback transactions for potential acquisition by STAG. Under its agreement with STAG, CRAG will source and aid in the structuring of transactions and, after acquisition, will provide tenant credit management services. The agreement contemplates STAG's potential acquisition of up to $300 million of properties under this initiative over the next three years. Amos Beason, Chief Executive Officer of CRAG, stated, "We have known and respected the STAG management team for many years. Working together, we will be able to deliver competitive funding to growing middle market companies and their sponsors, nationwide."

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