WPT Industrial Real Estate Investment Trust to Be Acquired by Blackstone Real Estate Income Trust in $3.1B Transaction
Vinson & Elkins advised WPT Industrial Real Estate Trust (“WPT”) in connection with its sale to Blackstone Real Estate Income Trust, Inc. (“BREIT”), in which BREIT will acquire all of the outstanding units of WPT through a series of transactions that will result in unitholders receiving US$22.00 per Unit in an all-cash transaction valued at US$3.1 billion including the assumption of debt.
The V&E team was led by partners Chris Mangin and John Kupiec, with assistance from senior associate Caroline Bailey and associates Jessica Cymbaluk and Nicole Cerullo. Also advising were partner Jim Meyer, senior associate Paige Anderson and associates Maddie Brown and Christina McLeod; partner David D’Alessandro, counsel Dario Mendoza and associate Mary Daniel Morgan; and partner Greg Cope and associate Maram Mahajna.
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