At&t announces structured sale-leaseback of real estate to development firm reign capital

Dallas , 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 equipment at&t realizes more than $850 million in upfront cash proceeds from the asset transfer of 74 properties located across the country unique deal structure preserves the necessary infrastructure requirements to keep the network running smoothly, plus participation in future revenue generated from redevelopment as part of its legacy network transformation, at&t inc. (nyse: t) completed a structured sale-leaseback of underutilized central office facilities with private real estate development firm reign capital. the transaction, which closed on jan. 8, includes the asset transfer of 74 properties, located across the country, encompassing over 13 million square feet of space.
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