Hunt Power has begun the creation of two REITs that will invest up to $2.1 billion in energy infrastructure and gas storage and delivery sectors in the U.S. According to GlobeSt.com, the two new REITs, Electric Infrastructure Alliance of America and Gas Infrastructure Alliance of America, will be backed by Hunt Power and are the first REITs of their kind in the electricity and gas transmission and distribution sector.
The REIT’s will develop and acquire electricity and gas transmission and distribution assets primarily in Texas, the Great Plains and the desert Southwest regions. The REIT structure allows operators to lease electricity and gas transmission and distribution assets. Similar to hospitality REITs, these infrastructure REITs develop and own assets and lease them to regional operators and in some cases will acquire distribution and transmission assets from operators, who then lease back the assets.
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