Brookfield to Acquire Peakstone Realty Trust in $1.2 Billion All-Cash Transaction

Brookfield Asset Management (NYSE: BAM) has reached an agreement to acquire Peakstone Realty Trust (NYSE: PKST) in a transaction valued at approximately $1.2 billion, marking another significant move by the alternative asset manager to expand its private real estate portfolio.

Under the terms of the deal, Brookfield will purchase all outstanding shares of Peakstone for $21.00 per share in cash, representing a sizable premium to the company’s recent trading levels. The acquisition will be carried out through a Brookfield-managed private real estate fund. Peakstone’s board of trustees has unanimously approved the agreement. The transaction is expected to close by the end of the second quarter of 2026, subject to shareholder approval and customary closing conditions.

As part of the agreement, Peakstone will enter a 30-day go-shop period, during which it may solicit and consider alternative acquisition proposals. If no superior offer emerges, the deal will proceed as planned. Peakstone has also indicated that its regular quarterly dividend will be suspended during the pendency of the transaction.Upon completion, Peakstone’s shares will be delisted from the New York Stock Exchange, and the company will transition to private ownership under Brookfield.

The acquisition underscores Brookfield’s continued focus on real assets amid volatile public markets, as institutional investors increasingly favor long-duration, income-producing property strategies. Peakstone owns and operates a diversified portfolio of industrial and logistics real estate assets across the United States.

Brookfield Asset Management is among the world’s largest alternative investment firms, overseeing more than $1 trillion in assets under management across real estate, infrastructure, private equity, and credit strategies. The firm has been an active buyer of real estate platforms, particularly those it believes are undervalued in public markets. The transaction remains subject to regulatory approvals and other standard closing conditions.

About Brookfield Asset Management

Brookfield Asset Management (NYSE: BAM) is a global alternative investment firm specializing in real estate, infrastructure, renewable power, private equity, and credit. The firm manages capital on behalf of institutional and individual investors worldwide and is known for its long-term, value-oriented investment approach.

About Peakstone Realty Trust

Peakstone Realty Trust (NYSE: PKST) is a U.S.-based real estate investment trust focused primarily on industrial and logistics properties. Prior to the acquisition, the company’s shares traded on the New York Stock Exchange.