The asset management giant and Canadian pension fund have agreed to take New York-listed LXP private in a deal that will see shareholders get US$61.2 for each share they own, representing an estimated 12.3 per cent premium on the stock’s average price over the previous 30 days. (The Logic)

Talking point: LXP is one of several big deals Brookfield announced Monday. The firm said it is forming a US$2.1-billion joint venture with Healthpeak Properties, acquiring a 49 per cent stake in a portfolio of 86 outpatient medical buildings across the U.S. Meanwhile, Brookfield’s private equity arm is acquiring Edmonton-based industrial products supplier Gregg Distributors for $1.6 billion. The family-owned company employs roughly 1,000 people and supplies maintenance and operating products to about 20,000 customers across Western Canada. The deals fit with Brookfield’s assessment that capital is shifting more toward real assets that generate stable cash flows.