TORONTO – Brookfield Asset Management and Canada Pension Plan Investment Board say they have closed their purchase of LXP Industrial Trust.
LXP’s portfolio includes 107 industrial properties in the United States.
Sophie van Oosterom, head of real estate at CPP Investments, says the deal adds a portfolio of modern logistics properties to the fund’s diversified portfolio of U.S. real estate investments.
The assets will be integrated into Brookfield’s global logistics platform, which includes over 850 properties in 20 countries.
The deal valued LXP at about US$5.2 billion, including net debt and preferred equity.
Under the terms of the agreement, LXP shareholders received US$61.20 per share in cash.
This report by The Canadian Press was first published Nov. 2, 2026.
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