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Brookfield Fund to Acquire IOS REIT Peakstone in $1.2B Deal
Brookfield Asset Management and Peakstone Realty Trust, a REIT focused on the industrial outdoor storage (IOS) sector, said Monday they have entered into a definitive agreement in which a Brookfield private real estate fund would acquire all 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 and is expected to close in the second quarter.
Peakstone CEO Michael Escalante said the deal “recognizes the value of our industrial portfolio and the progress we have made expanding our IOS platform.”
At Brookfield’s Real Estate business, CEO Lowell Baron called the acquisition “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.”
Peakstone sold the last of its office properties in December. Its portfolio includes 60 IOS properties and 16 traditional industrial properties.
Don’t Miss Carter Andrus, Chief Operating Officer of Prologis, as the keynote interview at Connect Industrial Midwest.— taking place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, IL.
- ◦Sale/Acquisition
