Americold Realty Trust Completes Initial Investment in SuperFrio to Form Strategic Joint Venture in Brazil

Americold Realty Trust (NYSE: COLD) (the “Company” or “Americold”), the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, today announced that the Company has completed its initial investment in SuperFrio Armazéns Gerais SA (“SuperFrio”), a leading temperature-controlled storage operator in Brazil, to form a strategic joint venture. Americold acquired approximately 15% of SuperFrio for BRL $118 million (equivalent to approximately USD $26 million based on current exchange rates) in cash consideration. Under the terms of the agreement, Americold has committed to fund up to an additional BRL $127 million (equivalent to approximately USD $28 million based on current exchange rates), at its pro-rata share for the joint venture’s acquisition and development activity over the next two years.