CoreCivic Investor Presentation Q4 2020
Sale of Non-Core Real Estate Assets
• As part of the decision to convert to a C-Corp the Company has pursued the sale of certain non-core
real estates assets
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All 47 assets are outside of correctional real estate and leased to government agencies
NOI of $30mm for the portfolio
Initial estimates were that the portfolio could generate up to $150mm in net proceeds, following related debt
repayment
In December 2020, the Company sold 42 properties within the portfolio, representing 573,000 SF,
for $106.5mm
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Net proceeds of $27mm generated, following related debt repayment
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3 assets held for sale, representing an addition 1.0mm SF of real estate, with a net book value of $279.4
million
The Company remains confident in the portfolio generating up to $150mm in net proceeds
Net cash proceeds from asset sales will be utilized to repay debt
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