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Utah investor scoops up Milliken industrial property – BizWest

MILLIKEN An affiliate of a Utah real estate developer and management company has purchased a Milliken industrial property that’s home to Ranger Energy Services Inc. (NYSE: RNGR) operations for $13 million.  Through Nin CO LLC, Salt Lake City-based Ninigret Group bought the nearly 128,000-square-foot property at 3333 Center Drive from the Houston-based oil rig and equipment servicer through a 1031 exchange, which allows investors to swap two similar investment properties and defer certain tax liabilities.  The facility, which sits on more than 22 acres, features 11 loading docks, three ground level doors, six cranes and a secured fenced lot, according to a marketing brochure. 

Ranger Energy Services, Inc  : Announces Completion of Sale-Leaseback Transaction

Message : Required fields Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today it has completed a sale-leaseback real estate transaction related to one of its operations facilities, delivering $13 million in gross proceeds. “We are pleased to complete this sale-leaseback transaction,” said Darron Anderson, Ranger Energy Services’ Chief Executive Officer. “By unlocking under-appreciated value on our balance sheet, we materially increase liquidity, while accelerating progress in hitting our near-term goal of moving to zero net-debt. We firmly believe that our balance sheet continues to place us at a strong competitive advantage as the market recovers and we move to pursue organic and acquisitive growth opportunities.”

Ranger Energy Services, Inc  : Announces Date for First Quarter 2021 Earnings Conference Call

Ranger Energy Services, Inc  : Announces Date for First Quarter 2021 Earnings Conference Call
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