Brookfield and CPP Investments are acquiring LXP Industrial Trust in an all-cash deal valued at $5.2 billion. LXP is an industrial real estate investment trust.
The all-cash structure
The transaction is an all-cash acquisition. LXP shareholders will receive cash for their shares. The $5.2 billion valuation covers the equity of the company.
About LXP Industrial Trust
LXP Industrial Trust is a real estate investment trust that focuses on industrial properties. The company owns and operates a portfolio of warehouses, distribution centers, and other industrial facilities across the United States. As an industrial REIT, LXP generates income from leasing these properties to tenants.
