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Uniti Group wraps up sale of US ground lease business

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Uniti Group wraps up sale of US ground lease business

Uniti Group Inc. closed the sale of substantially all its U.S. ground lease business in May.

The communications infrastructure real estate investment trust said in its second-quarter earnings release that the total consideration for the entire portfolio is about $34 million, noting that the sale led to a pretax gain of $5.0 million.