Canada Pension Plan, Brookfield pour US$5.2B into U.S. as capital flees Canada
An RBC report found more than $1 trillion in investment left Canada between 2015 and 2024, marking the largest capital exodus in Canadian history.
Two of Canada’s largest institutional investors are pouring another US$5.2 billion into the United States, expanding their American real estate holdings as concerns mount over capital flowing out of Canada.
Brookfield Asset Management and the Canada Pension Plan Investment Board (CPPIB) have agreed to acquire New York-based LXP Industrial Trust in an all-cash deal that values the warehouse owner at a 19.8 per cent premium to its 90-day average share price.
The acquisition gives the Canadian investment giants control of one of the largest portfolios of modern warehouse and logistics facilities in the U.S., spanning roughly 53 million square feet across 108 properties in 12 Sunbelt and Midwest markets.
