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Brookfield to Acquire Peakstone Realty Trust in a $1.2 Billion All-Cash Transaction
NEW YORK & EL SEGUNDO, Calif., February 02, 2026--Brookfield Asset Management (NYSE: BAM, TSX: BAM) ("Brookfield") and Peakstone Realty Trust (NYSE: PKST) ("Peakstone" or the "Company"), an industrial real estate investment trust with a strategic focus on the industrial outdoor storage ("IOS") sector, today announced that they have entered into a definitive agreement in which a Brookfield private real estate fund would acquire all of the outstanding shares of Peakstone for $21.00 per share in ca
About this update from Brookfield Asset Management Inc
[{"type":"text","content":"Peakstone shareholders to receive $21.00 per share in cash","length":58,"tagName":"p","attribs":{}},{"type":"text","content":"Purchase price represents a 34% premium to closing price on January 30, 2026, a 46% premium to 30-day VWAP and a 51% premium to 90-day VWAP","length":139,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK & EL SEGUNDO, Calif., February 02, 2026--(BUSINESS WIRE)--Brookfield Asset Management (NYSE: BAM, TSX: BAM) ("Brookfield") and Peakstone Realty Trust (NYSE: PKST) ("Peakstone" or the "Company"), an industrial real estate investment trust with a strategic focus on the industrial outdoor storage ("IOS") sector, today announced that they have entered into a definitive agreement in which a Brookfield private real estate fund would acquire all of the 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.","length":659,"tagName":"p"},{"type":"text","content":"Michael Escalante, Chief Executive Officer of Peakstone, said, "We are pleased to enter into this agreement with Brookfield, which will deliver significant value to Peakstone shareholders. Following an offer from Brookfield, our Board of Trustees evaluated the proposed transaction with the assistance of external advisors and determined that it achieves the best value and other terms reasonably available for shareholders and is in the best interests of the Company. This transaction recognizes the value of our industrial portfolio and the progress we have made expanding our IOS platform."","length":603,"tagName":"p"},{"type":"text","content":""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," said Lowell Baron, CEO of Brookfield’s Real Estate business.","length":322,"tagName":"p"},{"type":"text","content":"The proposed purchase price represents a premium of 34% to Peakstone’s share price on January 30, 2026, the last full trading day prior to this announcement, as well as a 46% premium to the Company’s 30-day volume weighted average price (VWAP) and a 51% premium to the Company’s 90-da...