Landmark Dividend, an infrastructure-focused real estate investor, has announced that it has completed the acquisition of 3,500 acres of real estate interest underlying 12 utility-scale renewable energy projects.
"We are excited about the scope of our acquisitions in the fourth quarter," said Senior Vice President Alex Stone, who led the transactions. "We have made a concerted effort to expand our renewable energy investments, and we look forward to continued partnerships with developers and project owners as they expand their businesses."
According to the press release of Landmark Dividend in PR NewsWire, the sale-leaseback transactions include nine solar farms, one wind farm, and two battery storage facilities that have energy generation capacity totaling to 238 MW. Landmark Dividend as partner, provides exceptional value to clients from project concept through development. Landmark's ground leasing expertise and operational discipline makes transactions and deals close quickly and easily. The company also provides custom-tailored real estate solutions by working with its renewable energy partners.
"Landmark Dividend sees the long term renewal of the production and investment tax credits by Congress in December 2015 as a significant boost to the renewable energy industry," said Bruce Rosen, Executive Vice President of Global Sales and Marketing at Landmark Dividend. "One of the most notable benefits of the ITC and PTC long term extension is they provide a bridge for renewable energy expansion between now and the first set of state compliance deadlines for the EPA's Clean Power Plan in 2022."
Landmark Dividend LLC, founded in 2002, is one of the nation's largest and most successful ground lease acquisition companies that provide value, capital and liquidity to qualified property owners who lease their property for cell towers, billboards, wind turbines, utility-scale solar farms, and fiber optic networks. Landmark Dividend LLC helps fund infrastructure in both domestic and global markets, including utility-scale renewable energy projects.
