Brookfield acquires Peakstone Realty Trust's 76-property industrial portfolio for $1.2B
Value
$1.2B
Location
El Segundo (Peakstone HQ; portfolio is national across 17 states), Los Angeles County, California
Date
2026-02-02
Companies
Brookfield Asset Management, Peakstone Realty Trust, BofA Securities, Latham & Watkins LLP, Citigroup Global Markets, Gibson, Dunn & Crutcher LLP
Brookfield Asset Management agreed to acquire California-based Peakstone Realty Trust (NYSE: PKST) in a $1.2 billion all-cash deal at $21 per share - a 34% premium to Peakstone's January 30, 2026 closing price. Peakstone's 76-property portfolio includes 60 industrial outdoor storage (IOS) properties and 16 traditional industrial warehouses spread across 17 states, with major tenants including Amazon, 3M, and PepsiCo. The deal comes weeks after Peakstone divested its entire office portfolio in late 2025, completing its pivot to industrial-only. Brookfield noted that IOS properties feature vacancy rates below 3% and strong rent growth.
Source
Yahoo Finance / Brookfield / Peakstone press release