Brookfield and CPP Investments are reportedly set to acquire LXP Industrial Trust in a $5.2 billion all-cash deal. No verifiable announcements or filings have confirmed this transaction as of July 20, 2026.
What we know about the deal
LXP Industrial Trust operates a portfolio focused on premium single-tenant industrial and logistics properties across high-growth US markets. In May 2026, LXP purchased a Phoenix industrial site for $103 million.
Brookfield completed an all-cash acquisition of Peakstone Realty Trust at $1.2 billion earlier in 2026. The reported LXP deal at $5.2 billion would be roughly four times larger.
Brookfield and CPP Investments formed a $3 billion joint venture focused on Canadian industrial assets in late 2025.
