Brookfield Asset Management and CPP Investments close LXP Industrial Trust deal
Tuesday, November 3, 2026 · first reported by BNN Bloomberg
Brookfield Asset Management and Canada Pension Plan Investment Board have completed their acquisition of LXP Industrial Trust, which owns 107 industrial properties in the United States. The transaction valued LXP at about US$5.2 billion, counting net debt and preferred equity. LXP shareholders were paid US$61.20 per share in cash.
The properties will be folded into Brookfield's global logistics platform, which spans more than 850 properties across 20 countries. Sophie van Oosterom, head of real estate at CPP Investments, said the deal adds modern logistics assets to its diversified U.S. real estate holdings.
- Also named
- CPP Investments, LXP Industrial Trust
- Deal value
- $5.2B
- People
- Sophie van Oosterom
- Asset class
- Infrastructure, Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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