Landmark Infrastructure Partners LP has announced that it has entered into an agreement to form a joint venture (JV) with an affiliate of Brookfield Asset Management Inc. to invest in core infrastructure assets.

In the transaction, Landmark contributed a portfolio of assets, including the associated debt, in exchange for an approximate 50% interest in the JV and US$65.5 million in cash. 

Landmark plans to use the proceeds from this transaction to reduce its leverage levels and reinvest in assets in its primary industries through its various acquisition and development activities.