Pure Industrial Real Estate Announces Closing of Plan of Arrangement with Blackstone and Ivanhoe Cambridge PR Newswire VANCOUVER, May 24, 2018 VANCOUVER, May 24, 2018 /PRNewswire/ - Pure Industrial Real Estate Trust (TSX:AAR) (the "Trust") announces today the closing (the "Closing") of the previously-announced plan of arrangement, pursuant to which an affiliate of Blackstone Property Partners, the Core+ real estate investment unit of Blackstone, and Ivanhoé Cambridge, a subsidiary of CDPQ, acquired all of the issued and outstanding trust units of the Trust (each, a "Unit") for $8.10 per Unit in cash (the "Transaction").