Brookfield to Take Peakstone Private in $1.2B Industrial IOS Bet
Brookfield Asset Management has agreed to acquire Peakstone Realty Trust, an industrial REIT with a strategic focus on industrial outdoor storage, in an all‑cash transaction valuing the company at approximately $1.2 billion. Peakstone shareholders will receive $21 per share in cash, a 34% premium to the company’s January 30, 2026 closing price, the last full trading day before the announcement.
“This transaction recognizes the value of our industrial portfolio and the progress we have made expanding our IOS platform,” said Michael Escalante, Peakstone CEO. In December 2025, Peakstone completed the disposition of all its office properties, finishing its strategic transformation into an industrial‑only REIT. The company now owns 76 industrial assets, including 60 industrial outdoor storage properties and 16 traditional industrial properties.
“This acquisition is an exciting opportunity to expand Brookfield’s industrial real estate platform with Peakstone’s high-quality and well-diversified portfolio, which will benefit from strong long-term fundamentals for the warehouse and IOS sectors,” added Lowell Baron, CEO of Brookfield’s real estate business. The transaction is expected to close by the end of the second quarter of 2026, subject to customary approvals.
BofA Securities, Inc. is serving as exclusive financial advisor and Latham & Watkins LLP as legal advisor to Peakstone. Citigroup Global Markets Inc. is acting as Brookfield’s financial advisor, with Gibson, Dunn & Crutcher LLP serving as legal advisor.