LXP Industrial Trust acquired by Brookfield Asset Management and CPP Investments

Brookfield Asset Management and CPP Investments agreed to acquire LXP Industrial Trust, a US industrial real estate brand.

Transaction summary

Target
LXP Industrial Trust
Seller
-
Announced
-
Geography
United States
Type
Acquisition
Deal type
Control
Stake acquired
-
First added
2026-08-08
Latest update
2026-08-08

Value and multiples

100% enterprise value

USD 5.2B

100% enterprise value | USD

Basis: Estimated

Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.

EV / revenue

-

Period not stated

Basis: FundComb estimate

EV / EBITDA

-

EBITDA basis not stated

Basis: FundComb estimate

Basis

  • Estimated enterprise value: USD 5.2bn.

Source summary

Brookfield and CPP Investments to Acquire LXP Industrial Trust in $5.2 Billion All-Cash Transaction

Confirmed

LXP announced a definitive merger agreement under which Brookfield and CPP Investments will acquire the industrial REIT in an approximately $5.2 billion all-cash transaction, including net debt and preferred equity.

Open source

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