CorEnergy Infrastructure Trust Inc. signed an agreement to acquire a petroleum products terminal facility (the Portland Terminal Facility) in Portland, Oregon, for USD 40 million in cash. The company announced that it will finance another USD 10 million of terminal related improvement projects and then sign a 15-year triple net operating lease with Arc Terminals Holdings LLC. The Portland Terminal Facility is situated on a 39-acre site. Its 84 tanks have a total storage capacity of 1.466m barrels. It also offers ancillary services such as heating systems, emulsions and an on-site product
testing laboratory.