Star equity holdings announces closing of two sale-leaseback transactions

Monetizes two real estate assets for $8.3 million proceeds to be deployed into accretive acquisitions old greenwich, conn., july 19, 2024 (globe newswire) -- star equity holdings, inc. (nasdaq: strr; strrp) (“star” or the “company”), a diversified holding company, announced today that star real estate holdings usa, inc. (“sre”), the real estate arm of the company's investments division, has closed two sale-leaseback transactions for its south paris, maine and big lake, minnesota facilities, totaling approximately $8.3 million in net proceeds before capital gains taxes, if any.
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