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Blackstone to Buy WPT Industrial in $3.1 Billion Deal

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Blackstone Real Estate Investment Trust Inc. is acquiring WPT Industrial Real Estate Investment Trust in a cash deal valued at $3.1 billion, including debt.

BREIT, a non-public real estate investment trust, is paying $22 per unit for Toronto-based WPT, a 17% premium over the closing price on Aug. 6, according to a statement on Monday.