Brookfield And Canada Pension Plan Buy LXP Industrial Trust For $5.2 Billion

businessmergers-acquisitionsreal-estate 3 posts · 3 accounts

Brookfield Asset Management and Canada Pension Plan Investment Board have agreed to buy LXP Industrial Trust in a $5.2 billion all-cash deal.

The transaction will take the industrial real estate investment trust private and includes net debt and preferred equity. The buyers will add a portfolio of modern warehouse and logistics facilities to their holdings.

From the sources (3 posts)

@wsj

Brookfield Asset Management and Canada Pension Plan Investment Board have agreed to buy LXP Industrial Trust in an all-cash deal valued at about $5.2 billion, adding a portfolio of modern warehouse and logistics facilities to their holdings

@business

Brookfield Asset Management and Canada Pension Plan Investment Board agreed to buy real estate investment trust LXP Industrial Trust in an all-cash deal valued at about $5.2 billion, including net debt and preferred equity

@reuterslegal

LXP Industrial Trust will be taken private by Brookfield Asset Management and Canada Pension Plan Investment Board in a $5.2 billion all-cash deal, the industrial real estate investment trust said on Monday.

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