Brookfield Asset Management affiliate acquires Peakstone Realty Trust for $1.2 billion
Type: Acquisition · Technology: Industrial · Country: United States · Value: $1.2B · Announced: 2026-05-06
Brookfield Asset Management completed the acquisition of Peakstone Realty Trust through its affiliate in an all-cash transaction valued at approximately $1.2 billion. Peakstone shareholders received $21.00 per share in cash, and the company's shares were delisted from the New York Stock Exchange upon completion on May 6, 2026. The deal provides Brookfield with a portfolio of over 70 industrial assets, including industrial outdoor storage (IOS) and traditional industrial properties. These assets will be integrated into Brookfield's global logistics platform, which spans more than 160 million square feet across over 800 properties in 19 countries. The transaction underscores Brookfield's strategy to expand its logistics infrastructure footprint amid strong demand drivers and limited institutional ownership in the sector.
Counterparties
- Peakstone Realty Trust (Seller)
- Brookfield Asset Management (Buyer)