Brookfield Asset Management and Peakstone Realty Trust have announced the completion of the acquisition of Peakstone by a Brookfield affiliate in an all-cash transaction.
The transaction values Peakstone at approximately $1.2 billion. Under the terms of the agreement, Peakstone shareholders received $21.00 per share in cash. Upon completion of the transaction on May 6, 2026, Peakstone’s shares no longer trade on the New York Stock Exchange and Peakstone is now a privately held company.
Peakstone’s portfolio comprises more than 70 industrial assets, including industrial outdoor storage (IOS) and traditional industrial properties. The acquisition provides Brookfield with a scaled portfolio in a sector supported by durable demand drivers, limited institutional ownership, and increasing occupier need for well-located logistics infrastructure. These assets will be integrated into Brookfield’s global logistics platform, which spans more than 160 million square feet acr
