TORONTO, April 05, 2019 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U – OTCQX: WPTIF) announced that it has closed on the previously announced acquisition of a portfolio of 13 industrial buildings and three land parcels located in multiple markets in the United States (the “Acquisition Portfolio”) totaling approximately 2.2 million square feet of gross leasable area for a purchase price of US$226 million, representing a going-in capitalization rate of 5.1% and a stabilized capitalization rate of 5.3%. The Acquisition Portfolio purchase was funded with cash on hand and a draw from the REITs senior unsecured credit facility.