ADIA will acquire a 40% stake in Landmark Dividend

DigitalBridge Group announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority, ADIA, will acquire a 40% stake in Landmark Dividend, a leading acquirer and developer of real estate and infrastructure focused on the wireless communication, digital infrastructure, outdoor advertising, and renewable power industries. The investment includes a significant commitment from ADIA and DigitalBridge-sponsored vehicles to support the continued expansion of Landmark’s growth platform. The transaction will require regulatory approvals and is expected to close in the first half of 2024. Steven Sonnenstein, Senior Managing Director at DigitalBridge and Chairman of the Board at Landmark, said, “ADIA’s investment in Landmark is testament to the company’s long-term potential and attractive position in the market, and we are delighted to partner with ADIA to further fuel Landmark’s growth. We are proud of the reputation Landmark has built for excellence in infrastructure and real estate investment, and we look forward to creating more opportunities for Landmark’s clients and stakeholders.”