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Sellers cash in on ICE's revamp of national detention center network

The U.S. Department of Homeland Security bought at least 10 large-scale vacant warehouses in seven states from sellers including Goldman Sachs and Carlyle Group — while other owners pulled out of deals after public backlash — as part of the federal government's plans to reform its national network of detention centers.

As of Feb. 26, Homeland Security's U.S. Immigration and Customs Enforcement has bought industrial space totaling more than 6.8 million square feet in the past two months for at least $894 million, often paying a premium for the real estate in the once white-hot U.S. industrial market that is now dealing with a downturn in demand.

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Sellers cash in on ICE's revamp of national detention center network