Lineage Logistics Raises $1.7 Billion in New Equity Funding


Lineage Logistics, LLC, a Novi, MI-based temperature-controlled industrial REIT and logistics solutions provider, raised $1.7 billion in equity funding.

Participating investors include BentallGreenOak, CenterSquare Investment Management, Cohen & Steers, D1 Capital Partners, Healthcare of Ontario Pension Plan (HOOPP), NYSTRS, OP Trust, Oxford Properties, QuadReal Property Group, Rabobank, StepStone, and others.

The latest funding brings the total equity raised since January 2020 to $6 billion.

The new capital will strengthen the company’s balance sheet and will accelerate investments in technology, including automation and proprietary software tools that help to improve supply chain efficiencies, to fund growth through greenfield developments, facility expansions, and investments in clean energy initiatives.

Led by Greg Lehmkuhl, President and CEO, Lineage Logistics is a temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity which spans 19 countries across North America, Europe and Asia-Pacific.