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. That represents a premium of 17% to its last close.