Plymouth Industrial REIT stockholders approve acquisition by Makarora

Plymouth Industrial REIT (PLYM) “announced that, at the concluded special meeting of stockholders held earlier today, its stockholders approved the all-cash acquisition of the Company by entities affiliated with Makarora Management LP, along with Ares Alternative Credit funds. As previously announced, on October 24, 2025, the Company, Makarora and Ares entered into a definitive merger agreement, pursuant to which Makarora and Ares have agreed acquire all outstanding shares of Plymouth’s common stock and all outstanding limited partnership interests of Plymouth Industrial OP, LP for $22.00 per share in an all-cash transaction valued at approximately $2.1 billion, including the assumption of certain outstanding debt. The proposed acquisition is expected to be completed on or about January 27, 2026, subject to satisfaction or waiver of customary closing conditions.”