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home / news releases / WPTIF - WPT Industrial REIT contributes $370M portfolio to new joint venture

WPTIF - WPT Industrial REIT contributes $370M portfolio to new joint venture

WPT Industrial Real Estate Investment Trust Unit
WPT Industrial Real Estate Investment Trust (WPTIF) will contribute a portfolio of 13 U.S. distribution and logistics properties with a value of ~$370M into a newly established joint venture with the Investment Management Corporation of Ontario.The transaction reduces leverage, accelerates recurring fee income, and expands a key institutional partnership."...The transaction strengthens our balance sheet, provides additional capacity to fund our growing development pipeline, and accelerates growth in our private capital management platform,” says Scott Frederiksen, CEO.Press Release

For further details see:

WPT Industrial REIT contributes $370M portfolio to new joint venture
Stock Information
Company Name: WPT Industrial Real Estate Investment Trust Unit
Stock Symbol: WPTIF
Market: OTC
Website: wptreit.com
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