Plymouth Industrial REIT Concludes Multi-Billion Dollar Privatization Deal

Plymouth Industrial Reit US7296401026

The publicly traded chapter for Plymouth Industrial REIT has closed following the completion of its acquisition by a consortium of private investors. The transaction, valued at approximately $2.1 billion including debt, was finalized on January 27, moving the industrial property portfolio into private ownership under the management of Makarora Management LP and Ares Alternative Credit.

Shareholders of record received a cash consideration of $22.00 per common share, a price that represents a significant premium. This payout stands roughly 50% above the share price observed on August 18, 2025, which was the last trading day before initial acquisition interest became public knowledge.

This move concludes an extensive strategic review process undertaken by the real estate investment trust. During 2025, multiple parties expressed interest in acquiring the company, highlighting the appeal of its specialized industrial assets. The portfolio, which focuses on properties in the U.S. Midwest and East Coast, is noted for its stable occupancy rates and positioning within the growing e-commerce logistics sector.

The shift away from public markets reflects a broader trend of private equity capital showing increased appetite for industrial real estate holdings. Under its new private ownership, the portfolio will be managed outside of the public spotlight.

Transaction Details and Delisting

With the merger now effective, the company’s shares have been delisted from all public stock exchanges. Regulatory filings confirm the end of the REIT’s public era. A recent SEC submission indicated that entities affiliated with Sixth Street no longer held any shares as of the merger's effective date.

The deal’s total enterprise value of around $2.1 billion encompasses the assumption of Plymouth’s outstanding liabilities. As part of the transaction’s finalization, the company’s Series C preferred shares were redeemed at a price of $1,312.27 per unit. Furthermore, all outstanding warrants were cancelled without any payment to holders.

The acquiring consortium, comprising Makarora Management and Ares Alternative Credit, now assumes full control, marking a definitive exit for public investors through the all-cash offer.

@ boerse-global.de | US7296401026 PLYMOUTH