Brookfield expands logistics platform with $1.2 billion Peakstone acquisition
Brookfield Asset Management completed a $1.2 billion all-cash purchase of Peakstone Realty Trust, acquiring over 70 industrial assets spanning outdoor storage and traditional logistics properties. These holdings will be folded into Brookfield’s global logistics network of 160 million square feet across 800 properties in 19 countries, enhancing sector exposure.
1. Acquisition Details
On May 6, 2026, Brookfield Asset Management finalised an all-cash acquisition of Peakstone Realty Trust valued at approximately $1.2 billion. Peakstone shareholders received $21.00 per share and Peakstone’s common units ceased trading on the NYSE, converting the company into a private subsidiary of Brookfield.
2. Portfolio Composition
Peakstone’s holdings comprise more than 70 industrial assets, including specialized industrial outdoor storage (IOS) facilities alongside traditional warehouse and distribution properties. The portfolio’s focus on outdoor storage assets addresses growing occupier demand for secure, flexible logistics infrastructure with limited institutional competition.
3. Integration into Logistics Platform
The acquired properties will be integrated into Brookfield’s existing global logistics platform, which totals over 160 million square feet across more than 800 assets in 19 countries. Brookfield anticipates leveraging its operational expertise and capital resources to enhance asset performance and capture value through economies of scale and network synergies.