Star Equity Holdings, Inc. has successfully completed the sale of two properties located in Texas and Utah, generating a total of $1.69 million. The transactions were part of a series of agreements with Custom Capital Strategies, Inc., which included a sale and leaseback arrangement. The Texas property, located at 3601 N County Rd 1148, Midland, was sold for $1.14 million, while the Utah property at 1377 East 1500 South, Vernal, fetched $0.55 million. Both sales were finalized on March 27, 2026, and are subject to adjustments for taxes and other charges. Following the sales, Star Equity's subsidiary, Alliance Drilling Tools, LLC, entered into commercial leases for both properties, ensuring continued operational use while freeing up capital for other investments. This strategic move is expected to enhance the company's liquidity position and operational flexibility.



Press Release distribution
National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.