shares of indus realty trust inc indt shot up 100 toward a threemonth high in premarket trading monday after the developer manager and leaser of industrialwarehouse properties said a received an unsolicited buyout bid from private investment firms centerbridge partners lp and gic real estate centerbridge which owns 148 of indus shares outstanding to make it the secondlargest shareholder and gic said they will pay 65 in cash for each indus share outstanding which represents a 135 premium to fridays closing price of 5728 and implies a 6625 million market capitalization for indus consistent with its fiduciary duties and in consultation with its financial and legal advisors the companys board of directors will carefully review the proposal to determine the best path forward for the company that maximizes value for all of the companys shareholders indus said in a statement the board of directors remains confident in the companys performance strategy and growth prospects the stock has dropped 293 year to date through friday while the spdr real estate select sector etf xlre has shed 251 and the sp 500 spx has declined 155