Lineage, Inc., a Michigan-based global temperature-controlled warehousing REIT, today announced a $100 million investment in its workforce.

Eligible U.S. team members will receive a one-time award of stock or restricted stock units following the company’s initial public offering. Additionally, Lineage announced it will launch an ongoing equity-based awards program. “From the very beginning, we have sought to foster an ownership mindset at Lineage and have celebrated our wins together,” said Adam Forste, Founder and Co-Executive Chairman.

Lineage has a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. The company offers end-to-end logistical solutions to the complexities of the cold chain, and it recently completed its IPO, debuting on NASDAQ under the ticker symbol LINE.