Brookfield to Buy Peakstone Realty Trust in $1.2 Billion Deal
Brookfield’s $1.2 billion cash offer includes a 34% premium to Peakstone’s recent share price and will take the industrial real estate trust private.
8 Articles
8 Articles
Brookfield Fund to Acquire IOS REIT Peakstone in $1.2B Deal
Brookfield Asset Management and Peakstone Realty Trust, an industrial REIT focused on the industrial outdoor storage (IOS) sector, said Monday they have entered into a definitive agreement in which a Brookfield private real estate fund would acquire all outstanding shares of Peakstone for $21.00 per share in cash. The all-cash transaction represents an implied enterprise value of approximately $1.2 billion and is expected to close in the second …
Brookfield to Acquire Peakstone in $1.2 Billion Take-Private Deal
Private equity heavyweight Brookfield Asset Management is moving to pull Peakstone Realty Trust off the public markets in a $1.2 billion transaction that underscores intensifying interest in industrial real estate. Brookfield, advised by Gibson Dunn & Crutcher LLP, announced Monday that one of its private real estate funds has agreed to buy Peakstone in an all-cash deal valued at $21 per share. The agreement marks a decisive step in reshaping Pe…
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