GIC and Centerbridge Partners Make a Bid for INDUS Realty Trust
Posted on 11/29/2022
INDUS Realty Trust, Inc. (Nasdaq: INDT), a U.S. based industrial/logistics REIT, announced it received on November 27, 2022 an unsolicited, non-binding proposal from Centerbridge Partners, L.P.—which currently owns approximately 14.8% of the REIT’s common stock—and GIC Real Estate (owned by GIC Private Limited), to acquire 100% of the outstanding shares of the REIT’s common stock…
