RACER Trust
Leasing Non-residential Real EstateMichigan, United States11-50 Employees
RACER Trust is a nonprofit-style vehicle established by the U.S. Bankruptcy Court in 2011 to manage former General Motors properties across 14 states. It holds a substantial portfolio of industrial real estate, totaling more than 44 million square feet across 66 buildings on about 7,000 acres, primarily in the Midwest and Northeast. The organization is focused on environmental cleanup and facilitating redevelopment of these sites, working with local officials and economic development groups to determine suitable re-use options for each location. Based in Ypsilanti, Michigan, RACER Trust operates in the leasing and property management space for non-residential industrial properties and acts as one of the largest holders of such land in the United States, with responsibilities that include conducting environmental remediation at numerous sites. A recent example of its activity involves the sale of several properties to other developers and groups, reflecting ongoing efforts to reposition the assets for new uses while maintaining environmental stewardship.
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