---
schema_version: "secwatch.filing_event.v1"
accession: "0001171520-24-000367"
form_type: "8-K"
ticker: null
cik: "0001515816"
company_name: "Plymouth Industrial REIT, Inc."
filed_at: "2024-11-19T23:59:59+00:00"
generated_at: "2026-05-29T22:28:54.967907+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Plymouth Industrial completes $357.9M contribution of 34 Chicago properties to JV with Sixth Street

## Summary
- Total purchase price $357.9M for 34 properties in Chicago MSA; cash consideration $232.4M.
- Recognized gain on sale of $133.1M; retained 35% equity interest in the JV valued at $60.9M.
- Pro forma net loss attributable to common stockholders of $30.1M for nine months ended Sept 30, 2024, reflecting JV equity method losses.
- Repaid $10.5M Midland National Life Insurance Mortgage as condition of closing.
- Sixth Street JV has profit-sharing waterfall; Plymouth receives annual asset management fee of 1% of rental receipts.

## SEC filing metadata
- accession: 0001171520-24-000367
- form_type: 8-K
- cik: 0001515816
- company_name: Plymouth Industrial REIT, Inc.
- filed_at: 2024-11-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515816/000117152024000367/0001171520-24-000367-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515816/000117152024000367/eps11651_plym.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171520-24-000367
- JSON: https://secwatch.observer/filing/0001171520-24-000367.json
- Plain text: https://secwatch.observer/filing/0001171520-24-000367.txt

## Key facts
- M&A Transactions
  Plymouth Industrial REIT, Inc. completed a disposition involving Isosceles JV, LLC, an affiliate of Sixth Street Partners, LLC for $357.9 million (closed 2024-11-13).
  - Action: disposition
  - Counterparty: Isosceles JV, LLC, an affiliate of Sixth Street Partners, LLC
  - Consideration: $357.9 million
  - Closing: 2024-11-13
  source text: On November 13, 2024, Plymouth Industrial OP, LP (the “Operating Partnership”) completed the previously announced contribution of 100% of its equity interests in directly and indirectly wholly-owned subsidiaries owning 34 properties located in and around the Chicago MSA (the “Contribution”) to Isosceles JV, LLC, an affiliate of Sixth Street Partners, LLC (the “Joint Venture’) for a total purchase price of $357.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515816/000117152024000367/0001171520-24-000367-index.htm

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