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TORONTO—Locally-based WPT Industrial REIT is acquiring aportfolio of 26 US distribution and logistics properties totalingnine million square feet of gross leasable area and one 85-acreland parcel for US$730 million.
This was an off-market transaction. The seller is an affiliateof Pure Industrial Real Estate Trust. The sales price represents agoing-in capitalization rate of 5.5% and a stabilizedcapitalization rate of 5.9%
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
