Announced
Financials
Tags
Friendly
Pending
Majority
Commercial REITs
Joint Venture
Private
real estate holding
Private Equity
Domestic
Single Bidder
Canada
Synopsis
WPT Industrial REIT, an unincorporated, open-ended real estate investment trust, and Investment Management Corporation of Ontario, an investment company, agreed to form a joint venture. "The formation of a new stabilized joint venture represents meaningful progress on our capital recycling initiative and underscores the REIT’s ability to attract and expand our relationships with strong institutional capital partners. The transaction strengthens our balance sheet, provides additional capacity to fund our growing development pipeline, and accelerates growth in our private capital management platform," Scott Frederiksen, WPT Industrial REIT CEO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.