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Transactions - OCTOBER 14, 2021

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WPT Industrial REIT receives court approval for $3.1b deal with Blackstone

by Andrea Zander

The Supreme Court of British Columbia has issued a final order approving of the previously announced plan of arrangement pursuant to which an affiliate of Blackstone Real Estate Income Trust Inc. will acquire all of the outstanding trust units of WPT Industrial Real Estate Investment Trust (REIT) through a series of transactions that will result in unitholders of the REIT receiving $22.00 per unit in cash, subject to applicable withholdings.

The $3.1 billion deal was announced in August.

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