Lineage, Inc., a Michigan-based global REIT specializing in temperature-controlled warehousing, has announced a significant investment of $100 million towards its workforce. This investment will be made following the company’s initial public offering and eligible team members in the United States will receive either stock or restricted stock units as a one-time award. In addition to this, Lineage plans to introduce an ongoing equity-based awards program.
According to Adam Forste, Founder and Co-Executive Chairman of Lineage, fostering an ownership mindset has been a key focus for the company since its inception. He also emphasized on celebrating successes together as a team.
With over 480 strategically located facilities spanning across North America, Europe and Asia-Pacific regions totaling 84.1 million square feet and 3 billion cubic feet of capacity under its belt; Lineage offers end-to-end logistical solutions for cold chain complexities. The recent completion of their IPO saw them debut on NASDAQ with their ticker symbol being LINE.
