CoreCivic, Inc. sold its 2,560-bed California City Detention Facility for approximately $732.6 million and its 1,994-bed Otay Mesa Detention Center for approximately $739.2 million to the U.S. Department of Homeland Security. The company expects to continue managing both facilities under existing management contracts with U.S. Immigration & Customs Enforcement. CoreCivic, Inc. operates in the corrections and detention industry, providing correctional, detention, and residential reentry services.
