WPT Industrial REIT Drops $65M On US Warehouses

Law360, New York (March 18, 2014, 4:43 PM EDT) -- Toronto-based WPT Industrial REIT said Monday that it would drop $64.8 million on two distribution facilities in the U.S., as well as sell $22 million worth of trust units to underwriters.

The facilities are located in Georgia and Kentucky, and both were sold by unknown vendors that WPT didn't immediately reveal. Both will be fully leased to major companies for years and will immediately provide a stream of income. 

"The attributes of these properties are complementary to and consistent with the REIT's existing portfolio, and each...
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