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Industrial Logistics Properties Trust agreed to acquire Monmouth Real Estate Investment Corp. for about $4 billion after Monmouth in August rejected a $2.8 billion offer from Sam Zell. ILPT will pay $21 a share, according to a statement Friday. The transaction, which includes debt and other costs, gives Monmouth an equity value of $2.06 billion, according to Bloomberg calculations, and is priced…

Industrial Logistics Properties Trust (Nasdaq: ILPT) said Nov.5 it has agreed to purchase Monmouth Real Estate Investment Corp. (NYSE: MNR) in an all-cash transaction valued at approximately $4 billion, including debt. The transaction is expected to close in the first half of 2022. Earlier this year, Equity Commonwealth (NYSE: EQC) said it would acquire Monmouth…

Sam Zell’s offer to buy Monmouth Real Estate Investment Corp. for $2.8 billion, including debt, was rejected at a special meeting of shareholders Tuesday. Monmouth said in a statement that the preliminary figures show Zell’s Equity Commonwealth fell short of the necessary support to proceed with the transaction, confirming an earlier report by Bloomberg News. Zell’s firm had been competing in…

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Even after sweetening the deal and beating out Barry Sternlicht, Sam Zell’s acquisition of industrial giant Monmouth Real Estate Investment Corporation faces another snag. Monmouth investor Blackwells Capital — which unsuccessfully tried to buy Monmouth earlier this year — announced Tuesday night that it still opposes the takeover of Monmouth by Zell’s Equity Commonwealth, arguing…

Blackwells Capital has come out against the sweetened terms of a proposed takeover of Monmouth Real Estate Investment Corp. by Sam Zell’s Equity Commonwealth. Equity Commonwealth bumped up its bid for the industrial real estate company Monday to about $3.4 billion, including debt. Under the revised terms, investors could opt for $19 in cash or 0.713 of an Equity Commonwealth share…