Announced
Completed
Financials
Tags
Real Estate
Friendly
Canada
real estate investment trust
Private Equity
Public
Acquisition
Commercial REITs
Single Bidder
Majority
Cross Border
Completed
Synopsis
The Blackstone Group completed the acquisition of WPT Industrial REIT, a Canadian real estate investment trust that invests in institutional-quality distribution and logistics properties in top tier industrial markets, for $3.1bn. “Logistics remains one of our highest conviction themes as the sector continues to benefit from strong tailwinds driven by e-commerce,” David Levine, Blackstone Senior Managing Director.
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