Corecivic enters into new lease agreement with the state of new mexico at the northwest new mexico correctional center

Brentwood, tenn., sept. 21, 2021 (globe newswire) -- corecivic, inc. (nyse: cxw) (the company) announced today that it has entered into a new three-year lease agreement with the state of new mexico at the company's 596-bed northwest new mexico correctional center. corecivic currently operates the northwest new mexico correctional center under a contract with new mexico and will transition facility operations to the new mexico corrections department when the new lease agreement commences on november 1, 2021. corecivic will retain responsibility for facility maintenance throughout the term of the lease. the new lease agreement includes automatic extension options that could extend the term of the lease through october 31, 2041.
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