BAM · Brookfield Asset Management and CPP Investments completed their…

Brookfield Asset Management and CPP Investments completed their acquisition of LXP Industrial Trust for $5.2 billion, paying $61.20 per share in cash. LXP's industrial portfolio of 107 properties will be folded into Brookfield's global logistics platform, and LXP shares have been delisted from the NYSE.

• Acquisition of LXP Industrial Trust completed at $5.2 billion enterprise value, including net debt and preferred equity.
• LXP shareholders received $61.20 per share in cash.
• LXP shares have been delisted from the NYSE; LXP is now privately held.
• LXP portfolio: 107 industrial properties, ~52 million square feet in Sunbelt and Midwest.