Bloomberg is reporting that American Infrastructure Funds is exploring the sale of Landmark Dividend LLC.  The firm is working with a financial adviser that has begun contacting potential suitors including other infrastructure funds, said the people, who asked not to be identified because the talks are private. Landmark Dividend could fetch $400 million to $500 million, some of the people said.

Landmark Dividend, led by Chief Executive Officer Tim Brazy, manages more than $3 billion across private vehicles and U.S.-listed entity Landmark Infrastructure Partners LP.  The El Segundo, California-based company focuses on digital infrastructure, outdoor advertising, wireless communications and renewable power generation.

Insiders Take: We recently reported on Landmark’s announcing  the sale of their joint venture that holds its European outdoor assets for 95 million pounds or $119 million US equivalent.  The company said they would use proceeds to reduce bank borrowings. Now this announcement.  Is Landmark finished with the OOH industry?

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