Brookfield acquires Peakstone Realty Trust
Analysis based on 6 articles · First reported May 06, 2026 · Last updated May 06, 2026
The acquisition of Peakstone Realty Trust by Brookfield Asset Management strengthens Brookfield Asset Management's position in the industrial real estate and outdoor storage sectors, indicating a positive outlook for its growth. Peakstone Realty Trust shareholders received a cash payout, and the company transitioned to private ownership, removing its stock from the New York Stock Exchange.
Brookfield Asset Management has completed its acquisition of Peakstone Realty Trust in an all-cash transaction valued at approximately $1.2 billion. Under the terms, Peakstone Realty Trust shareholders received $21.00 per share. Following the completion on May 6, 2026, Peakstone Realty Trust's shares no longer trade on the New York Stock Exchange, and it is now a privately held company. This acquisition integrates Peakstone Realty Trust's portfolio of over 70 industrial assets, including industrial outdoor storage and traditional industrial properties, into Brookfield Asset Management's global logistics platform. Lowell Baron, CEO of Brookfield Real Estate, stated that this acquisition strengthens Brookfield Asset Management's industrial real estate platform and deepens its exposure to the industrial outdoor storage sector, aligning with favorable long-term demand trends in logistics. Financial advisors for Brookfield Asset Management included Citigroup — Citigroup Global Markets, Goldman Sachs, and Morgan Stanley, with legal counsel from Gibson Dunn and C. Thompson. Meritz Securities advised Peakstone Realty Trust, with legal counsel from Latham & Watkins, O Melveny & Myers, and Hogan Lovells.
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