AcquisitionsMay 6, 2026, 05:01 PM
Brookfield completes $1.2B acquisition of Peakstone Realty Trust
AI Summary
Brookfield Asset Management announced the completion of its all-cash acquisition of Peakstone Realty Trust, valuing the company at approximately $1.2 billion. Peakstone shareholders received $21.00 per share, and the company is now privately held, with its shares delisted from the NYSE. This strategic acquisition integrates Peakstone's portfolio of over 70 industrial assets, including industrial outdoor storage, into Brookfield's global logistics platform, strengthening its industrial real estate presence.
Key Highlights
- Brookfield completed the acquisition of Peakstone Realty Trust.
- The all-cash transaction values Peakstone at approximately $1.2 billion.
- Peakstone shareholders received $21.00 per share in cash.
- Peakstone's shares no longer trade on the NYSE and it is now privately held.
- Peakstone's portfolio comprises over 70 industrial assets, including industrial outdoor storage.
- The acquired assets will be integrated into Brookfield's global logistics platform, spanning over 160 million square feet.