AT&T (T) Announces Structured Sale-Leaseback of Real Estate to Development Firm Reign Capital
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AT&T Announces Structured Sale-Leaseback of Real Estate to Development Firm Reign Capital
January 24, 2025 7:00 AM ESTDALLAS, Jan. 24, 2025 /PRNewswire/ -- Pioneering transaction monetizes properties with development potential, reduces operating expenses, and provides revenue sharing
Key Takeaways:
Unlocks value in company-owned properties originally constructed for legacy network equipmentAT&T realizes more than $850 million in upfront cash proceeds from the asset transfer of 74 properties located across the countryUnique deal structure preserves the necessary infrastructure requirements to... More