Blackstone Real Estate Income Trust Completes Acquisition of WPT Industrial Real Estate Investment Trust

By Blackwells Capital | October 20, 2021 | Comments Off on 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,…

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WPT Industrial Real Estate Investment Trust Receives Court Approval for Arrangement with Blackstone Real Estate Income Trust

By Blackwells Capital | October 13, 2021 | Comments Off on WPT 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,…

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WPT Industrial Real Estate Investment Trust to Be Acquired by Blackstone Real Estate Income Trust in US$3.1 Billion Transaction

By Blackwells Capital | August 9, 2021 | Comments Off on 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…

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Blackstone buying WPT Industrial in $3B deal

By Blackwells Capital | August 9, 2021 | Comments Off on Blackstone buying WPT Industrial in $3B deal

In its latest move, the firm’s private real estate investment trust is acquiring WPT Industrial Real Estate Investment Trust in an all-cash deal valued at $3.1 billion, according to Bloomberg. Debt is included in that valuation, according to the report. The deal was done through Blackstone Real Estate Investment Trust. Over the past year, BREIT has…

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Blackstone to Buy WPT Industrial in $3.1 Billion Deal

By Blackwells Capital | August 9, 2021 | Comments Off on Blackstone to Buy WPT Industrial in $3.1 Billion Deal

Blackstone Real Estate Investment Trust Inc. is acquiring WPT Industrial Real Estate Investment Trust in a cash deal valued at $3.1 billion, including debt. BREIT, a non-public real estate investment trust, is paying $22 per unit for Toronto-based WPT, a 17% premium over the closing price on Aug. 6, according to a statement on Monday. READ MORE>>

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Blackstone to Buy Canada’s WPT Industrial REIT for $1.86 billion

By Blackwells Capital | August 9, 2021 | Comments Off on Blackstone to Buy Canada’s WPT Industrial REIT for $1.86 billion

(Reuters) -Blackstone has agreed to buy WPT Industrial Real Estate Investment Trust for about $1.86 billion, as it looks to capitalize on the e-commerce-driven boom in demand for logistics properties. The deal announced on Monday values Canada-based WPT Industrial, the owner of more than 100 logistics properties across 19 U.S. states, at $22 per unit.…

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