Mergers & Acquisitions ·
Brookfield and CPP Investments complete $5.2B acquisition of LXP Industrial Trust at $61.20 per share
LXPLXP Industrial Trust
Brookfield Asset Management and Canada Pension Plan Investment Board completed their all-cash acquisition of LXP Industrial Trust on November 2, 2026. The transaction values the company at approximately $5.2 billion, including net debt and preferred equity. Shareholders received $61.20 per common share in cash, while Series C Preferred Shares were converted into units receiving $50.00 plus accrued dividends. LXP's shares have been delisted from the New York Stock Exchange, and the company is now a privately held subsidiary of Leopard Intermediate LLC. The portfolio includes 107 industrial properties totaling approximately 52 million square feet in Sunbelt and Midwest markets.