Key facts
- LXP Industrial Trust has agreed to be acquired by Brookfield Asset Management and Canada Pension Plan Investment Board.
- The total value of the transaction is approximately $5.2 billion in cash.
- The acquisition underscores the strong demand for warehouse and logistics properties.
- The deal is anticipated to be finalized in the fourth quarter of 2026.
- Shareholder approval is required for the transaction to close.
LXP Industrial Trust has agreed to be acquired by Brookfield Asset Management and Canada Pension Plan Investment Board for approximately $5.2 billion in cash. The industrial real estate investment trust announced the agreement on Monday. The acquisition highlights the ongoing demand for warehouse and logistics properties, driven by the growth of e-commerce and companies' efforts to modernize their supply chains. Shares of LXP saw a 4% increase in premarket trading following the announcement. The deal is expected to be completed in the fourth quarter of 2026, contingent upon shareholder approval.