INDUS Files Preliminary Proxy Statement

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Mar 31, 2023

INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced that it has filed its preliminary proxy statement with the U.S. Securities and Exchange Commission in connection with the previously announced definitive merger agreement under which affiliates of Centerbridge Partners, L.P. (“Centerbridge”), a global private investment firm with deep experience in real estate, and GIC, a global institutional investor, have agreed to acquire all of the outstanding shares of the Company in an all-cash transaction valued at approximately $868 million. In addition, Centerbridge has informed INDUS that, in connection with signing of the definitive merger agreement, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has agreed to become a strategic investor alongside Centerbridge in the ownership of INDUS post-closing.