Brookfield Asset Management and Peakstone Realty Trust, an industrial REIT with a strategic focus on the industrial outdoor storage (IOS) sector, have 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 per share in cash. The all-cash transaction represents an implied enterprise value of approximately $1.2 billion.
The proposed purchase price represents a premium of 34 percent to Peakstone’s share price on Jan. 30, 2026, the last full trading day prior to this announcement, as well as a 46 percent premium to the company’s 30-day volume weighted average price (VWAP) and a 51 percent premium to the company’s 90-day VWAP, for the period ended Jan. 30, 2026.
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