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Plymouth Industrial REIT agrees to $2.1B all-cash acquisition at $22/share, ending public status in early 2026.
Plymouth Industrial REIT (PLYM) has agreed to be acquired in a $2.1 billion all-cash deal by affiliates of Makarora Management LP and Ares Alternative Credit funds, offering $22.00 per share—a 50% premium to its August 18, 2025, stock price.
The transaction, approved by Plymouth’s board, is expected to close in early 2026 pending shareholder and regulatory approval.
A 30-day go-shop period ends November 23, 2025, during which alternative bids may be sought.
Plymouth will pay its third-quarter dividend on October 31, 2025, but will suspend further dividends and earnings disclosures during the process to maintain REIT status.
Upon closing, Plymouth will become private, delist from the NYSE, and cease public reporting.
The company’s industrial properties in the Midwest and East Coast, within a day’s drive of 70% of the U.S. population, were cited as key attractions.
Key advisors include KeyBanc, J.P. Morgan, Moelis, Citi, and several law firms.
Plymouth Industrial REIT accede a una adquisición en efectivo de $2.1B a $22 por acción, terminando su estado público a principios de 2026.