CLNY - Digital Colony to acquire Landmark Dividend for $972M
Digital Colony Management affiliates Digital Colony, a subsidiary of Colony Capital (CLNY) to acquire Landmark Dividend (LMRK), a real estate and infrastructure acquisition and development company. LD owns among other things, 100% of the membership interests in the general partner of Landmark Infrastructure Partners and 13.2% of the common units representing limited partner interests in LMRK.Such acquisition, if consummated, would result in the payment of $13.00 per common unit in cash, valuing at ~$972M.Steven M. Sonnenstein, senior managing director at Digital Colony, said, “The acquisition of LD is our first strategic step to secure a stronger future for LD and its various affiliated entities, including LMRK. We look forward to working with the LD team to advance our shared mission of acquiring and managing critical digital infrastructure assets that deliver quick, reliable and responsive service for customers.”
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Digital Colony to acquire Landmark Dividend for $972M