BAM · Brookfield Asset Management Ltd.

Brookfield Asset Management has completed its acquisition of Peakstone Realty Trust, marking a strategic expansion of its industrial real estate platform. The $1.2 billion all-cash transaction, at $21.00 per share, delisted Peakstone from the NYSE and transitioned it to private ownership under a Brookfield affiliate. Peakstone contributes over 70 industrial assets, emphasizing industrial outdoor storage (IOS) and traditional properties, sectors benefiting from durable demand, limited institutional supply, and rising needs for logistics infrastructure. These assets integrate into Brookfield's established global logistics platform, encompassing more than 160 million square feet across over 800 properties in 19 countries. CEO Lowell Baron highlighted the milestone in bolstering IOS exposure, crediting Peakstone's premium portfolio alignment with long-term logistics trends and opportunities to apply Brookfield's operational expertise and capital for value enhancement. The deal was advised by Citigroup, Goldman Sachs, and Morgan Stanley for Brookfield, with BofA Securities advising Peakstone. This acquisition positions Brookfield to capitalize on structural tailwinds in industrial real estate while leveraging its scale for operational improvements.