---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-121376"
form_type: "8-K"
ticker: "LXP"
cik: "0000910108"
company_name: "LXP Industrial Trust"
filed_at: "2026-11-02T21:37:24+00:00"
generated_at: "2026-11-02T21:38:03.558844+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Brookfield, CPP Investments close $5.2B LXP acquisition at $61.20/share; LXP delisted from NYSE

## Summary
- LXP shareholders received $61.20 per common share in cash; transaction valued LXP at ~$5.2B including net debt and preferred equity.
- Each 6.50% Series C preferred share converted into a Series C Preferred Unit, then redeemed at $50.00 plus $1.1014 accrued dividends.
- LXP portfolio: 107 industrial properties, ~52M sq ft in Sunbelt and Midwest; to be folded into Brookfield's 255M+ sq ft global logistics platform.
- All restricted share awards vested at maximum performance and were cashed out at the $61.20 merger consideration; all LXP trustees and officers resigned.
- LXP paid 2026 tax-year distributions of $2.10/common share and $2.4375/Series C share, 100% long-term capital gain dividends.

## SEC filing metadata
- accession: 0001104659-26-121376
- form_type: 8-K
- ticker: LXP
- cik: 0000910108
- company_name: LXP Industrial Trust
- filed_at: 2026-11-02T21:37:24+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01, 5.01, 3.01, 3.03, 5.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910108/000110465926121376/0001104659-26-121376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910108/000110465926121376/tm2628722d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-121376
- JSON: https://secwatch.observer/filing/0001104659-26-121376.json
- Plain text: https://secwatch.observer/filing/0001104659-26-121376.txt

## Key facts
- Executive change
  Gautam Huded was appointed as Manager of the Surviving Entity at LXP Industrial Trust.
  - Action: became the managers of the Surviving Entity
  - Role: Manager of the Surviving Entity
  source text: (ii) Gautam Huded, Frank Costanzo, and Priyanka Taneja, the directors of Merger Sub immediately prior to the Effective Time, became the managers of the Surviving Entity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910108/000110465926121376/0001104659-26-121376-index.htm
- Executive change
  Gautam Huded was appointed as other_named_officer at LXP Industrial Trust.
  - Action: became the officers of the Surviving Entity
  source text: the officers of Merger Sub immediately prior to the Effective Time, including Gautam Huded, became the officers of the Surviving Entity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910108/000110465926121376/0001104659-26-121376-index.htm
- Executive change
  Frank Costanzo was appointed as Manager of the Surviving Entity at LXP Industrial Trust.
  - Action: became the managers of the Surviving Entity
  - Role: Manager of the Surviving Entity
  source text: (ii) Gautam Huded, Frank Costanzo, and Priyanka Taneja, the directors of Merger Sub immediately prior to the Effective Time, became the managers of the Surviving Entity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910108/000110465926121376/0001104659-26-121376-index.htm
- Executive change
  Priyanka Taneja was appointed as Manager of the Surviving Entity at LXP Industrial Trust.
  - Action: became the managers of the Surviving Entity
  - Role: Manager of the Surviving Entity
  source text: (ii) Gautam Huded, Frank Costanzo, and Priyanka Taneja, the directors of Merger Sub immediately prior to the Effective Time, became the managers of the Surviving Entity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910108/000110465926121376/0001104659-26-121376-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.