Brookfield and CPP Close LXP Buyout in $5.2B Take-Private
Brookfield and CPP Investments completed a $5.2B all-cash buyout of LXP Industrial Trust, delisting the REIT. Shareholders received $61.20 per share, a 12.3% premium. The portfolio, 96.6% leased, includes 52M SF of logistics space with Amazon as the largest tenant. According to the buyers, the deal aligns with strong U.S. industrial demand.
