UPDATE 1-Plymouth Industrial to be bought by Makarora, Ares for $2.1 billion

(Adds details from paragraph 2 onwards) Oct 24 (Reuters) – Plymouth Industrial REIT said on Friday it would be bought by Makarora Management and Ares Management, in a deal worth about $2.1 billion including debt. Plymouth shareholders will receive $22 per share. Shares of the real estate investment trust fell more than 2% in after-hours trading. Earlier this year, Plymouth received an unsolicited, non-binding proposal from Sixth Street Partners for $24.10 per share in cash. (Reporting by Anshuman Tripathy in Bengaluru; Editing by Maju Samuel and Shreya Biswas)

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