Digital Colony to Acquire Landmark Dividend LLC
Posted on 05/18/2021
El Segundo, California-based Landmark Dividend LLC is a real estate and infrastructure acquisition and development company. Landmark Dividend owns, among other things, 100% of the membership interests in the general partner of Landmark Infrastructure Partners LP (LMRK) and 13.2% of the common units representing limited partner interests in LMRK. The Partnership owns and manages a portfolio of real property interests and infrastructure assets that the Partnership leases to companies in the wireless communication, digital infrastructure, outdoor advertising and renewable power generation industries.
Affiliates of Digital Colony Management, LLC entered into a definitive agreement to acquire Landmark Dividend. If the deal goes through, it would result in the payment of US$ 13.00 per common unit in cash to LMRK’s unaffiliated unit holders in a transaction valuing LMRK at approximately US$ 972 million.