| An SI Board Since March 1999 |
| Posts |
SubjectMarks |
Bans |
| 23 |
2 |
0
|
|
Prison Realty Trust (NYSE: PZN), a Maryland real estate investment trust, was formed on April 23, 1997 to capitalize on the opportunities created by the growing trend toward privatization in the corrections industry, including the increased demand for private correctional and detention facilities. The principal business strategy of the Company is to acquire correctional and detention facilities that meet the Company's investment criteria, from both private prison managers and government entities, to expand its existing facilities, and to lease all such facilities under long-term leases.
PZN, is the world's largest private sector owner of correctional and
detention facilities, and develops privatized correctional and detention facilities for governmental agencies. PZN allows governments to free up capital for use in their state or local communities through the sale and leaseback of their prisons and jails. Importantly, the capital raised by governments can be used for any purpose, including the rebuilding of the infrastructure of their communities or to meet educational or correctional needs, while control of the assets is maintained by government through exclusive long-term leases and buy-back options. PZN recognizes that governments around the country are being asked to do more with less. Tax increases are difficult to pass and bond issuances are coming under greater scrutiny, yet taxpayers are demanding greater services, improvements in education and law enforcement and balanced budgets. PZN provides a unique solution to these concerns.
prisonreit.com
|
|
|
