Brookfield Asset Management and Canada Pension Plan Investment Board (CPP Investments) will acquire LXP Industrial Trust in an all-cash deal. The transaction values the NYSE-listed real estate investment trust at approximately $5.2 billion, including debt. LXP shareholders will receive $61.20 per share, representing a significant premium over recent trading prices. This acquisition takes the company private.
The deal secures a portfolio of 53 million square feet of modern warehouse and logistics facilities. These assets span key markets across the U.S. Sunbelt and Midwest. Institutional demand for industrial real estate remains high due to e-commerce and supply chain needs.
LXP’s Board of Trustees unanimously approved the agreement. The companies expect the transaction to close in the fourth quarter of 2026. Completion remains subject to shareholder approval.