Brookfield, CPP Investments Complete Acquisition of LXP Industrial Trust
Bitget2026/11/02 21:48- Brookfield Asset Management and CPP Investments completed their acquisition of LXP Industrial Trust.
- The transaction values LXP at approximately $5.2 billion, including net debt and preferred equity.
- Shareholders will receive $61.2 per share in cash. LXP is now privately held; its shares no longer trade on the NYSE.
- The portfolio comprises 107 industrial properties spanning approximately 52 million square feet across the Sunbelt and Midwest.
- The assets will join Brookfield’s global logistics platform, spanning more than 255 million square feet across over 850 properties in 20 countries.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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