Press Releases
Blackwells Sends Letter to Peloton Board of Directors, Calling for New Leadership and Initiation of Strategic Alternatives
Blackstone Real Estate Income Trust Completes Acquisition of WPT Industrial Real Estate Investment Trust
TORONTO and NEW YORK, Oct. 20, 2021 (GLOBE NEWSWIRE) — Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced that an affiliate has completed its acquisition of WPT Industrial Real Estate Investment Trust (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) (“WPT”) in a series of transactions that resulted in unitholders receiving US$22.00 per outstanding unit of WPT (collectively,…
Read MoreWPT Industrial Real Estate Investment Trust Receives Court Approval for Arrangement with Blackstone Real Estate Income Trust
TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN – OTCQX: WPTIF) is pleased to announce that the Supreme Court of British Columbia has issued a final order approving its previously announced plan of arrangement pursuant to which an affiliate of Blackstone Real Estate Income Trust,…
Read MoreBlackwells Comments on Results of Monmouth Real Estate Investment Corp. Special Meeting
NEW YORK, Sept. 10, 2021 (GLOBE NEWSWIRE) — Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm owning 4.36% of the common stock of Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”), today commented on the results of the Special Meeting of Monmouth Shareholders in which Monmouth shareholders…
Read MoreBlackwells Capital Issues Presentation on Monmouth Equity Commonwealth Merger Highlighting That EQC is Now Offering Even Less Consideration for a More Valuable Monmouth
WPT Industrial Real Estate Investment Trust to Be Acquired by Blackstone Real Estate Income Trust in US$3.1 Billion Transaction
TORONTO and NEW YORK, Aug. 09, 2021 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) (“WPT”) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced today that WPT has entered into an arrangement agreement (the “Arrangement Agreement”) under which BREIT will acquire all of the outstanding units of WPT…
Read MoreBlackwells Capital Issues Investor Presentation Opposing Monmouth’s Sale to Equity Commonwealth
Blackwells Capital Opposes Monmouth Sale to Equity Commonwealth
NEW YORK, Aug. 05, 2021 (GLOBE NEWSWIRE) — Blackwells Capital, LLC, an alternative investment management firm that, together with its affiliates, owns 4.17% of Monmouth Real Estate Investment Corporation (NYSE: MNR), today issued a letter to its fellow shareholders urging them to vote against the proposed sale to Equity Commonwealth (NYSE: EQC). READ MORE>>
Read MoreWashREIT Completes Office Portfolio Sale
WASHINGTON, July 26, 2021 (GLOBE NEWSWIRE) — WashREIT (NYSE: WRE) has completed the previously announced sale of 12 office assets, representing the entire office portfolio excluding Watergate 600, for gross proceeds of $766 million. WashREIT plans to use the net proceeds of the sale to fund the expansion of its multifamily platform and to reduce…
Read MoreWashREIT Accelerates Transformation Into Multifamily REIT With Agreement to Sell Office Portfolio
WASHINGTON, June 15, 2021 (GLOBE NEWSWIRE) — WashREIT (NYSE: WRE) (“WashREIT” or the “Company”), as part of its multi-year strategic transformation into a multifamily REIT, announced today that it has entered into a definitive agreement to sell substantially all its office portfolio to a Brookfield Asset Management private real estate fund for an aggregate purchase…
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