Transactions

Overview

Wildeboer Dellelce Represents Special Committee in US $3.1 Billion Acquisition of WPT Industrial Real Estate Investment Trust

August 09, 2021

WPT Industrial Real Estate Investment Trust (“WPT”) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) entered into an arrangement agreement under which BREIT will acquire all of WPT’s outstanding units in a transaction valued at US$3.1 billion.

WPT holds warehouse and distribution centres that BREIT will acquire to expand its real estate holdings.

Rob Wortzman of Wildeboer Dellelce acted as independent legal counsel to the Special Committee of WPT’s Board of Trustees. The transaction is expected to close in the fourth quarter of 2021 assuming Unitholder approval.