RACER Trust was created in March 2011 by the U.S. Bankruptcy Court to clean up and position for redevelopment properties and other facilities owned by the former General Motors Corp. before its 2009 bankruptcy.

RACER is one of the largest holders of industrial property in the United States, and when it was formed was the largest environmental response and remediation trust in U.S. history.

RACER will clean up the properties to ensure that environmental conditions are not an impediment to sale or industrial re-use. In fact, in most cases, RACER properties can be sold for new uses even before environmental cleanups are started or completed, assuming RACER is guaranteed continuing access to the properties to conduct cleanup work. RACER Trust has a selection of industrial properties that are ideally suited for large-scale solar project development and available for long-term lease at minimal up-front costs.