# The GEO Group

The GEO Group is an Asset Manager based in Boca Raton, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Boca Raton, United States
- **Region:** North America
- **Address:** Boca Raton, FL, United States
- **Founded:** 1984
- **Assets under management:** Undisclosed
- **Website:** geogroup.com
- **LinkedIn:** https://www.linkedin.com/company/the-geo-group-inc.

## Regulatory record

- **Reports private funds:** No

## About

The Geo Group Corporation is a translation agency based in Madison, Wisconsin. It offers translation services, software localization, interpreting services, and video translations to facilitate global communication. The company was acquired by STAR7 on May 6th, 2021.

## Sectors

- Real Estate
- Infrastructure
- Security

## People

- George C. Zoley — Executive Chairman
- Brian R. Evans — Chief Executive Officer

## Questions

### How is The GEO Group structured as a REIT?

GEO Group converted from a C-corporation to a real estate investment trust in 2013. As a REIT, it must distribute at least 90% of taxable income to shareholders annually, and it primarily owns correctional and detention facilities that it leases back to government agencies.

### What government contracts does GEO Group hold?

GEO's contracts include agreements with the US Bureau of Prisons, US Immigration and Customs Enforcement, and various state departments of corrections. It also operates facilities in the United Kingdom, Australia, and South Africa.

### How does GEO Group differ from private prison operators like CoreCivic?

GEO Group and CoreCivic are both publicly traded REITs that own and operate correctional facilities. GEO distinguishes itself with a larger international footprint (UK, Australia, South Africa) and a dedicated community reentry division (GEO Care).

### What is GEO Group's stance on immigration detention?

GEO operates several immigration detention centers under contracts with ICE, including the South Texas Family Residential Center in Dilley, Texas. The firm's role in immigration enforcement has drawn periodic scrutiny from human rights groups and some shareholders.

### Does GEO Group face any litigation or regulatory risks?

GEO has faced lawsuits over conditions in detention facilities and an antitrust suit from a former contract monitor. It also faces policy risk from federal and state governments that have reduced or phased out private prison contracts in certain jurisdictions.

### What investment approach does GEO Group take?

GEO funds facility construction and expansion through a mix of REIT equity, long-term debt, and operating cash flow. Its capital deployment is tied directly to government contract renewals and new facility development opportunities.

### How does GEO Group's revenue model work?

GEO generates revenue primarily via fixed per-diem payments from government agencies for each inmate or detainee housed. The REIT structure means most operating profit is distributed as dividends to shareholders.

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Last updated: 2026-06-03T20:00:00.000Z

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