Landmark Dividend, a California-based real estate investor focused on infrastructure, has finalized the acquisition of approximately 3,500 acres of real estate interests underlying 12 utility-scale renewable energy projects. Finalized in the fourth quarter of 2015, these sale-leaseback transactions involve nine solar farms, one wind farm, and two battery storage facilities spread throughout the U.S. and totaling 238 MW of energy generation capacity.
“We are excited about the scope of our acquisitions in the fourth quarter,” says 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.”
Landmark Dividend says it works closely with its renewable energy partners to provide custom-tailored real estate solutions. from project concept through development.
Bruce Rosen, executive vice president of global sales and marketing at Landmark Dividend, notes, “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.”