Lineage Logistics Raises Over $700M in New Equity
- Lineage Logistics, a Novi, MI-based temperature-controlled industrial REIT and logistics solutions provider, raised over $700M in new equity
- The backers were unnamed new and existing strategic partners
- LineageLogistics is a provider of large temperature-controlled industrial REIT and logistics solutions
- The company has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity, which spans 20 countries across North America, Europe, and Asia-Pacific
- The new funding, which brings total equity raised since January 2020 to $6.7 billion
- In total, these projects represent over 700,000 new pallet positions and a 7% increase in Lineage’s global capacity
