On August 9, 2021, WPT Industrial Real Estate Investment Trust announced that it entered into an arrangement agreement with Blackstone Real Estate Income Trust Inc. (“BREIT”), pursuant to which BREIT will acquire all of the outstanding REIT Units (the “Transaction”) through a series of transactions that will result in Unitholders receiving USD 22.00 per REIT Unit in an all-cash transaction valued at USD 3.1 billion including the assumption of debt. As part of the Transaction, the REIT has agreed that distributions for the months of August 2021, September 2021, October 2021 and the first half of November 2021 will be suspended. If the Transaction has not closed by November 15, 2021, the REIT intends to reinstate the monthly distribution for periods commencing November 16, 2021 and to pay a distribution in respect of November pro rated for the number of days following November 15, 2021 up to the date prior to closing or to the end of the month in the event closing does not occur in November and for subsequent months pro rated for the number of days in the month up to the date prior to closing.