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BRIEF: CorEnergy completes $40 million Portland, Ore., purchase

January 22, 2014

By Mark Davis, The Kansas City Star

Jan. 22 -- Leawood -based CorEnergy Infrastructure Trust Inc. said Wednesday it completed its $40 million purchase of a petroleum products terminal in Portland, Ore. CorEnergy said the facility handles rail and marine delivery to its 84 tanks on 39 acres near the Willamette River . It can store nearly 1.5 million barrels of heavy and refined petroleum products. The purchase is part of CorEnergy's transformation from an investment vehicle to a property-holding real estate investment trust focused on the energy industry. Shares of the publicly traded company were down 13 cents at $6.70 in morning trading. To reach Mark Davis , call 816-234-4372 or send email to . ___ (c)2014 The Kansas City Star (Kansas City, Mo.) Visit The Kansas City Star (Kansas City, Mo.) at Distributed by MCT Information Services

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Source: Kansas City Star (MO)

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