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Centerbridge, GIC To Acquire Indus Realty for $868 Million

Investors Reach Deal To Privatize Industrial REIT That Owns 42 US Properties
Typical of Indus Realty Trust’s holdings is the 400,000-square-foot Carolina Tradeport III at Tuckaseegee in Charlotte, North Carolina. (Scott Brotherton/CoStar)
Typical of Indus Realty Trust’s holdings is the 400,000-square-foot Carolina Tradeport III at Tuckaseegee in Charlotte, North Carolina. (Scott Brotherton/CoStar)
CoStar News
February 23, 2023 | 3:33 P.M.

Affiliates of Centerbridge Partners, a global private investment firm, and Singapore’s GIC Real Estate have reached a definitive agreement to acquire Indus Realty Trust, a New York-based industrial real estate investment trust, in an all-cash deal valued at $868 million.

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News | Centerbridge, GIC To Acquire Indus Realty for $868 Million