Key Takeaways
- • Brookfield Asset Management and Canada Pension Plan Investment Board (CPP Investments) have closed their joint purchase of LXP Industrial Trust, according to the Canadian Press report published November 2, 2026.
- • The transaction valued LXP at about US$5.2 billion, including net debt and preferred equity.
- • LXP shareholders received US$61.20 per share in cash under the agreement terms.
- • The portfolio comprises 107 industrial properties in the United States, which will be integrated into Brookfield's global logistics platform of more than 850 properties across 20 countries.
Summary
Brookfield Asset Management and Canada Pension Plan Investment Board (CPP Investments) said they have closed their purchase of LXP Industrial Trust, according to a report by The Canadian Press. The deal valued LXP at approximately US$5.2 billion, including net debt and preferred equity, and LXP shareholders received US$61.20 per share in cash under the terms of the agreement.
LXP's portfolio includes 107 industrial properties in the United States. Sophie van Oosterom, head of real estate at CPP Investments, said the acquisition adds a portfolio of modern logistics properties to the fund's diversified portfolio of U.S. real estate investments.
The acquired assets will be integrated into Brookfield's global logistics platform, which includes more than 850 properties in 20 countries. The transaction was also reported by The Globe and Mail and CTV News, which carried the same headline on the closing.
LXP's portfolio includes 107 industrial properties in the United States. Sophie van Oosterom, head of real estate at CPP Investments, said the acquisition adds a portfolio of modern logistics properties to the fund's diversified portfolio of U.S. real estate investments.
The acquired assets will be integrated into Brookfield's global logistics platform, which includes more than 850 properties in 20 countries. The transaction was also reported by The Globe and Mail and CTV News, which carried the same headline on the closing.
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