Brookfield Asset Management has agreed to acquire all outstanding shares of Peakstone Realty Trust for $21.00 per share in cash through one of its private real estate funds.
The deal, approved unanimously by Peakstone (NYSE: PKST)’s board, includes a 30-day “go-shop” period expiring March 4, 2026, and is expected to close by the end of Q2 2026, subject to shareholder and regulatory approvals. Peakstone, based in the United States, is a real estate investment trust focused exclusively on industrial assets, with a strong emphasis on industrial outdoor storage (IOS). As of year-end 2025, the company’s portfolio included 76 properties—60 IOS assets and 16 traditional industrial properties—across key logistics markets.
BofA Securities is serving as financial advisor and Latham & Watkins LLP as legal advisor to Peakstone. Citigroup Global Markets Inc. is advising Brookfield, with Gibson, Dunn & Crutcher LLP providing legal counsel.