A Chicago private equity firm has offered as much as $2 billion to purchase various state and Hartford-owned properties and lease them back to the government, Bloomberg reported Thursday.
Oak Street Real Estate Capital made the offer in a letter on Wednesday, according to Bloomberg.
Kelly Donnelly, a spokeswoman for Gov. Dannel Malloy, reiterated her prior comment to Bloomberg that the governor would take the offer under advisement.
A Hartford spokesman said Thursday that Mayor Luke Bronin is not actively considering a transaction like the one proposed by Oak Street.
Bloomberg reported that Oak Street’s offer would include an initial return of 7.25 percent, plus annual rent hikes of 1.5 percent.
Bloomberg noted prior examples of other cash-strapped states doing similar sale-leaseback deals, including Arizona.
