Skip navigation
× You've used up your 3 free articles for this month. Subscribe today.

CCA Sells Self; Wackenhut Creates REIT

In July 1997 the Corrections Corporation of America (CCA) spun off a related company, the Prison Reality Trust, which was formed to purchase CCA's prisons under a lease-back arrangement [ PLN Dec. 97]. Prison Realty is a real estate investment trust, or REIT, which offers certain corporate tax advantages. Nine ...

 

Full article and associated cases available to subscribers.

As a digital subscriber to Prison Legal News, you can access full text and downloads for this and other premium content.

Subscribe today

Already a subscriber? Login