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Brookfield to Acquire Peakstone for $1.2 Billion in Cash

2/2/2026

Summary

Story summary

Brookfield Asset Management will acquire Peakstone Realty Trust for about $1.2 billion in cash at $21 per share.
The deal carries a 34% premium to Peakstone's price before the announcement.
Peakstone Realty Trust recently transitioned to an industrial-only real estate investment trust (REIT), selling its office properties in December 2025.
The transaction reflects growing demand for warehouses and industrial storage from AI infrastructure investments.
The deal is expected to close by the end of Q2 2026.

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Story summary

Brookfield Asset Management will acquire Peakstone Realty Trust for about $1.2 billion in cash at $21 per share.
The deal carries a 34% premium to Peakstone's price before the announcement.
Peakstone Realty Trust recently transitioned to an industrial-only real estate investment trust (REIT), selling its office properties in December 2025.
The transaction reflects growing demand for warehouses and industrial storage from AI infrastructure investments.
The deal is expected to close by the end of Q2 2026.