Blackstone Real Estate Income Trust Completes Acquisition of WPT Industrial Real Estate Investment Trust

Blackstone Real Estate Income Trust, Inc. (BREIT) announced that an affiliate has completed its acquisition of WPT Industrial Real Estate Investment Trust (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) (WPT) in a series of transactions that resulted in unitholders receiving US$22.00 per outstanding unit of WPT (collectively, Units) (subject to applicable withholdings) in an all-cash transaction valued at US$3.2 billion, including the assumption of debt (the Transaction).