LXP Industrial Trust (LXP) · Nov 2, 2026 · Disposition
$5.2B disposition — $5.2B transaction value; $61.20 cash per share
LXP’s acquisition by Brookfield and CPP Investments has closed at $61.20 per share, ending the REIT’s NYSE listing and public-company story.
LXP was already on a defined path to be sold: Brookfield and CPP Investments announced the $5.2 billion all-cash transaction in July 2026, with closing expected in the fourth quarter. This filing confirms that the deal reached the finish line rather than changing the operating outlook for the business.
The transaction is now legally complete. LXP shareholders receive $61.20 in cash per share, the company has become privately held, and its shares no longer trade on the NYSE. 〔0〕
| Metric | At closing | Other reference |
|---|---|---|
| Transaction value (Deal terms) | $5.2B | |
| Cash consideration per share (Deal terms) | $61.20 | |
| Industrial properties (Portfolio overview) | 107 | |
| Portfolio size (Portfolio overview) | 52M sq. ft. |
The business itself is being absorbed into a larger logistics platform, not newly repositioned. LXP brings 107 industrial properties and approximately 52 million square feet across the Sunbelt and Midwest into Brookfield’s global logistics portfolio, which the filing says spans more than 255 million square feet. 〔1〕
For LXP investors, this is an exit event, not a fresh operating signal. The price, structure, and strategic rationale were already disclosed when the merger was announced; today’s filing mainly removes closing risk and ends LXP’s public-market existence. The final confirmation is material in legal terms but carries little surprise relative to the standing story.
Bottom line: LXP’s sale is complete at the previously agreed $61.20 per share, and the REIT is now private. It closes the company’s public chapter but does not materially change the already-known investment outcome or operating narrative.
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