We are pleased with the completion of these important asset sales to the U.S. federal government, and we look forward to continuing to provide high-quality secure support services under our existing long-term contracts with ICE. We are proud of our 40-year public-private partnership with ICE, and we stand ready to continue to assist the federal government in meeting its immigration enforcement priorities. We remain focused on allocating capital to enhance long-term value for shareholders, including through share repurchases.

During an August shareholder call, Zoley said ICE was considering buying more than ten facilities and that the number could increase.

He explained that GEO considers ownership of the buildings and the work of operating them separate parts of its business. The company wants to sell properties while keeping the service contracts.

“We are pursuing a potential sale of the buildings, but we want to retain the business,” Zoley told shareholders. # id) ?>