From Pulse 2.0 · Amit Chowdhry · · 50s
Brookfield And CPP Complete $5.2B LXP Industrial Trust Deal
Brookfield and CPP Investments finalize $5.2 billion acquisition of LXP Industrial Trust, adding 107 industrial properties to their global logistics platform.
In brief
Brookfield and CPP Investments finalize $5.2 billion acquisition of LXP Industrial Trust, adding 107 industrial properties to their global logistics platform. Brookfield and CPP Investments acquired LXP Industrial Trust for $5.2 billion, gaining 107 industrial properties across the U.S. Sunbelt and Midwest regions…
Acquisition Completion
Brookfield Asset Management and CPP Investments completed their $5.2 billion all-cash acquisition of LXP Industrial Trust.
Shareholder Payment
LXP shareholders received $61.20 per share in cash following the transaction.
Share Trading Status
LXP shares ceased trading on the New York Stock Exchange after the acquisition.
Portfolio Details
The acquisition adds 107 industrial properties totaling 52 million square feet across Sunbelt and Midwest markets.
At a glance
Brookfield and CPP Investments acquired LXP Industrial Trust for $5.2 billion, gaining 107 industrial properties across the U.S. Sunbelt and Midwest regions.
