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Deal for PIRET Closes, Management Staying On

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The red-hot industrial sector officially lost one of its few publicly-traded players this week with the closing of the deal that saw Blackstone Property Partners buy Pure Industrial Real Estate Trust in a $3.8 billion deal. It was later announced that the affiliate of Blackstone had teamed up with Ivanhoé Cambridge to acquire all of the issued and outstanding trust units of the trust for $8.10 per unit in cash. Ivanhoé Cambridge is a real estate...

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