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Retailer Citi Trends Agrees to Sale-Leaseback for Distribution Facilities As Inflation Hurts Business

Oak Street Real Estate Capital Has Agreed To Pay $81.7 Million for Two Centers

Citi Trends is under contract to sell its distribution center in Roland, Oklahoma. (CoStar)
Citi Trends is under contract to sell its distribution center in Roland, Oklahoma. (CoStar)

Discount apparel retailer Citi Trends, facing declining sales from customers reducing their purchases due to rising costs, has agreed to a sale-leaseback deal for a distribution center to raise cash.

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