Brookfield Asset Management and Canada Pension Plan Investment Board (CPP Investments) entered a definitive merger agreement on July 20, 2026 to jointly acquire LXP Industrial Trust, a U.S.-listed industrial REIT, in an all-cash transaction. The transaction is valued at approximately $5.2 billion, including net debt and preferred equity, with LXP shareholders to receive $61.20 per share in cash. The purchase price represents a 12.3 percent premium to LXP's 30-day volume-weighted average price and a 19.8 percent premium to its 90-day volume-weighted average price. LXP owns one of the largest portfolios of modern warehouse and logistics facilities in the United States, comprising approximately 53 million square feet across 108 properties in the Sunbelt and Midwest. The transaction has been approved by LXP's Board of Trustees and is expected to close in the fourth quarter of 2026. The agreement includes a 40-day "go-shop" period expiring at 11:59 p.m. New York City time on August 28, 2026, during which LXP may solicit alternative acquisition proposals.