The GEO Group to Acquire San Diego Detention Facility for $60M, Leveraging Lawton Facility Sale

Reuters

2025/07/01

The GEO Group to Acquire San Diego Detention Facility for $60M, Leveraging Lawton Facility Sale

The GEO Group Inc. has announced it will acquire the 770-bed Western Region Detention Facility in San Diego, California for $60 million from SDCC Middle Block, LLC, an affiliate of Holland Partners Group. The purchase is expected to close on July 31, 2025, and will be funded through proceeds from the sale of the Lawton Correctional Facility in Oklahoma. The San Diego Facility, which has been providing federal detention capacity and transportation services for approximately 25 years, is currently leased by GEO and generates around $57 million in annualized revenues.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The GEO Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250630669304) on July 01, 2025, and is solely responsible for the information contained therein.

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The purchase is expected to close on July 31, 2025, and will be funded through proceeds from the sale of the Lawton Correctional Facility in Oklahoma. The San Diego Facility, which has been providing federal detention capacity and transportation services for approximately 25 years, is currently leased by GEO and generates around $57 million in annualized revenues.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The GEO Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250630669304) on July 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4547","symbol_name":"WSB热门概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250701:nNDL8xlz7N:1","article_id":"2548057008","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548057008","pubTimestamp":1751367319,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"The GEO Group Inc. has announced it will acquire the 770-bed Western Region Detention Facility in San Diego, California for $60 million from SDCC Middle Block, LLC, an affiliate of Holland Partners Group. 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