Brookfield buys Peakstone Realty (NYSE: PKST) for $21 per share in cash
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Peakstone Realty Trust has completed its acquisition by a Brookfield affiliate in an all-cash merger. Peakstone shareholders receive $21.00 per share in cash, valuing the company at approximately $1.2 billion, and all common shares and operating partnership units were cancelled for cash consideration.
Following the closing, Peakstone’s shares were suspended from trading on the NYSE, with delisting and deregistration actions underway, and the company is now privately held and indirectly controlled by Brookfield. The prior board and executive team resigned, new Brookfield-affiliated trustees and officers were appointed, the surviving entity converted into a Maryland corporation, and it issued 125 shares of 12.0% Series A Redeemable Cumulative Preferred Stock for $125,000.
Positive
- None.
Negative
- None.
Insights
Brookfield takes Peakstone private in a $21 per share cash buyout.
Peakstone has been acquired by a Brookfield affiliate for $21.00 per share in cash, implying about $1.2 billion of equity value. All common shares and operating partnership units were cancelled for cash, so former public shareholders now hold cash instead of equity.
The company’s NYSE listing is being removed via Form 25, with a subsequent Form 15 to end Exchange Act reporting, meaning no further public financial disclosures. Control shifts fully to Brookfield, which integrates over 70 industrial and industrial outdoor storage assets into its global logistics platform.
Governance and capital structure were reset: the prior board and executives resigned, Brookfield-linked trustees and officers took over, the surviving entity converted to a Maryland corporation, and it issued 125 shares of 12.0% Series A preferred stock for $125,000. For public investors, the investment outcome is now fixed at the cash consideration.
8-K Event Classification
9 items: 2.01, 3.01, 3.02, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
9 items
Item 2.01
Completion of Acquisition or Disposition of Assets
Financial
The company completed a significant acquisition or sale of business assets.
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 3.02
Unregistered Sales of Equity Securities
Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 3.03
Material Modification to Rights of Security Holders
Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
Item 5.01
Changes in Control of Registrant
Governance
A change in control of the company occurred, such as through a merger, takeover, or management buyout.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Per-share merger consideration: $21.00 per share
Transaction equity value: $1.2 billion
Series A preferred shares issued: 125 shares
+3 more
6 metrics
Per-share merger consideration
$21.00 per share
Cash paid to each Peakstone common shareholder at closing
Transaction equity value
$1.2 billion
Approximate value of Peakstone in Brookfield all-cash acquisition
Series A preferred shares issued
125 shares
12.0% Series A Redeemable Cumulative Preferred Stock issued post-conversion
Preferred stock proceeds
$125,000
Aggregate consideration for 125 Series A preferred shares
Industrial assets in Peakstone portfolio
over 70 assets
Includes industrial outdoor storage and traditional industrial properties
Brookfield global logistics footprint
160 million sq ft
More than 800 properties across 19 countries in logistics platform
Key Terms
Partnership Merger, Company Merger Consideration, industrial outdoor storage, change of control, +2 more
6 terms
Partnership Merger financial
"Operating Merger Sub merged with and into the Operating Partnership, with the Operating Partnership surviving the merger (the “Surviving Partnership” and such merger, the “Partnership Merger”)"
Company Merger Consideration financial
"converted into the right to receive an amount in cash equal to $21.00 per share, without interest (the “Company Merger Consideration”)"
industrial outdoor storage financial
"Peakstone’s portfolio comprises over 70 industrial assets, including industrial outdoor storage (“IOS”) and traditional industrial properties."
Industrial outdoor storage is the keeping of equipment, raw materials, shipping containers or finished goods in secured yards, lots or open-air racks at industrial properties instead of inside buildings. For investors it matters because outdoor storage can change rental income, operating costs, insurance and environmental or zoning risks — like using a driveway instead of a garage, it’s cheaper space but brings different liabilities and value implications for property owners and tenants.
change of control financial
"As a result of the consummation of the Company Merger, a change of control of the Registrant occurred"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Form 25 regulatory
"file a Form 25 with the SEC to report the delisting of Company Common Shares"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Redeemable Cumulative Preferred Stock financial
"issued 125 shares of 12.0% Series A Redeemable Cumulative Preferred Stock, par value $0.001 per share"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 6, 2026
(Peakstone Realty Trust, Inc. as successor-by-conversion to Peakstone Realty Trust)
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of Principal Executive Offices)
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(Zip Code)
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(212 ) 417-7000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instructions A.2.):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each Class
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Trading Symbol
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Introductory Note
On May 6, 2026, Peakstone Realty Trust, Inc., a Maryland corporation (as successor-by-conversion to, and formerly known as, Peakstone Realty Trust, a Maryland real estate investment trust) (the “Company”), completed the transactions contemplated by the Agreement and Plan of Merger, dated as of February 2, 2026 (the “Merger Agreement”), by and among BSREP V Neon Pooling REIT L.P., BSREP V Neon Pooling Non-REIT L.P. and BSREP V Brookfield Neon
Sub L.P., each a Delaware limited partnership (collectively, “Parent”), Neon REIT
Merger Sub LLC, a Delaware limited liability company and a subsidiary of Parent (“REIT Merger Sub”), Neon OP Merger Sub LLC, a Delaware limited liability company and a subsidiary of Parent (“Operating Merger
Sub” and, collectively with Parent and REIT Merger Sub, the “Parent Parties”),
the Company, and PKST OP, L.P., a Delaware limited partnership and a majority owned subsidiary of the Company (the “Operating
Partnership” and, together with the Company, the “Company Parties”). Pursuant to
the Merger Agreement, at the closing, (i) Operating Merger Sub merged with and into the Operating Partnership, with the Operating Partnership surviving the merger (the “Surviving Partnership” and such merger, the “Partnership Merger”), and (ii)
immediately following the consummation of the Partnership Merger, REIT Merger Sub merged with and into the Company, with the Company surviving the merger (the “Surviving
Company” and such merger, the “Company Merger” and, together with the Partnership
Merger, the “Mergers”). As a result of the Mergers, Parent (or subsidiaries thereof) became the sole common shareholders of
the Surviving Company, and the Surviving Partnership became wholly owned by Parent and the Surviving Company (or subsidiaries thereof).
| Item 2.01 |
Completion of Acquisition or Disposition of Assets.
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The information set forth in the Introductory Note and under Items 5.01 and 8.01 is incorporated herein by reference into this Item 2.01.
As a result of the Partnership Merger, in accordance with the terms and conditions of the Merger Agreement, at the effective time of the Partnership Merger (the “Partnership Merger Effective Time”), each common unit of the Operating Partnership (each, an “Operating Partnership Common Unit”),
or fraction thereof, that was issued and outstanding immediately prior to the Partnership Merger Effective Time was automatically cancelled and converted into the right to receive an amount in cash equal to the product of (i) the REIT Shares Amount
(as defined in the Eighth Amended and Restated Limited Partnership Agreement of the Operating Partnership, dated as of April 13, 2023, by and between the Company and the limited partners party thereto, as amended) in effect on such date with
respect to such Operating Partnership Common Units multiplied by (ii) $21.00, without interest (the “Partnership Merger Consideration”).
Notwithstanding the foregoing, no consideration was paid in respect of any issued and outstanding Operating Partnership Common Units held by (i) the Parent Parties or
any of their respective subsidiaries or (ii) the Company or any of its subsidiaries (the “Acquired Companies”), nor has any right inured or been made with respect to such Operating
Partnership Common Units in connection with or as a consequence of the Mergers.
As a result of the Company Merger, in accordance with the terms of the Merger Agreement, at the effective time of the Company Merger (the “Company Merger Effective Time”), each common share, par value $0.001 per share, of the Company (each, a “Company Common Share”), or fraction thereof,
that was issued and outstanding immediately prior to the Company Merger Effective Time was automatically cancelled and converted into the right to receive an amount in cash equal to $21.00 per share, without interest (the “Company Merger Consideration”).
Each issued and outstanding Company Common Share held by (i) the Parent Parties or any of their respective subsidiaries or (ii) any of the Acquired Companies as of the
Company Merger Effective Time was automatically cancelled and ceased to exist, and no consideration was paid, nor did any rights inure or were any rights made with respect to such Company Common Shares in connection with or as a consequence of the
Mergers.
Company RSU Awards
At the Company Merger Effective Time and as a result of the Company Merger, each award of restricted share units granted under the Company’s Second Amended and
Restated Employee and Trustee Long-Term Incentive Plan, as amended (each, a “Company RSU Award”), whether vested or unvested, that was outstanding as of immediately prior to the Company
Merger Effective Time was automatically cancelled and terminated and converted into the right to receive a cash payment (subject to applicable withholding taxes) equal to the sum of (i) the product obtained by multiplying (x) the number of Company
Common Shares underlying such Company RSU Award immediately prior to the Company Merger Effective Time by (y) the Company Merger Consideration, plus (ii) any amounts payable with respect to distribution equivalent rights corresponding to such
Company RSU Award that were unpaid as of the Company Merger Effective Time.
The foregoing descriptions of the Merger Agreement and the Mergers are only summaries, do not purport to be complete, and are qualified in their entirety by reference
to the full text of the Merger Agreement, which was filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on
February 2, 2026.
| Item 3.01 |
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
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In connection with the consummation of the Company Merger, the Company requested that the New York Stock Exchange (“NYSE”) suspend trading of Company Common Shares on May 6, 2026, delist the Company Common Shares from the NYSE and file a Form 25 with the SEC to report the delisting of Company Common Shares from the NYSE and the deregistration
of Company Common Shares under Section 12(b) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). After the Form 25 becomes effective, the Company intends to file
a Certification and Notice of Termination of Registration on Form 15 with the SEC to terminate the registration of Company Common Shares under the Exchange Act and to suspend the Company’s reporting obligations under the Exchange Act with respect
to Company Common Shares. The information set forth in the Introductory Note and under Item 2.01 is incorporated herein by reference into this Item 3.01.
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Unregistered Sales of Equity Securities.
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On May 6, 2026, following the Company Conversion (as defined below), the Converted Company issued 125 shares of 12.0% Series A Redeemable Cumulative Preferred Stock, par value $0.001 per share (“Series A Preferred Stock”), for aggregate consideration of $125,000. The offer and sale of the Series A Preferred Stock was exempt from the registration provisions of the Securities Act of
1933, as amended, by virtue of Section 4(a)(2) and Rule 506 of Regulation D promulgated thereunder. The information set forth under Item 5.03 is incorporated herein by reference into this Item 3.02.
| Item 3.03 |
Material Modification to Rights of Security Holders.
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The information set forth in the Introductory Note and under Items 2.01, 3.01, 5.01 and 5.03 is incorporated herein by reference into this Item 3.03.
| Item 5.01 |
Changes in Control of the Registrant.
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As a result of the consummation of the Company Merger, a change of control of the Registrant occurred, REIT Merger Sub merged with and into the Company, the Company
survived the Company Merger as an entity indirectly controlled by Parent, and the separate corporate existence of REIT Merger Sub ceased. Parent funded the
Company Merger Consideration and the Partnership Merger Consideration through a variety of sources, including cash on hand, equity financing and debt financing. The information set forth in the Introductory Note and under Items 2.01 and 5.03 is
incorporated herein by reference into this Item 5.01.
| Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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The information set forth in the Introductory Note and under Item 2.01 is incorporated herein by reference into this Item 5.02.
On May 6, 2026, effective as of the Company Merger Effective Time, (i) each of the members of the Company’s Board of Trustees (the “Board”) tendered their resignation as a member of the Board and any committee or subcommittee thereof, and (ii) Gautam Huded, Ethan Han and Priyanka Taneja became the trustees of the Surviving Company. These departures
were not a result of any disagreements with the Company on any matter relating to its operations, policies or practices.
Also effective as of the Company Merger Effective Time, (i) each of the executive officers of the Company prior to the Company Merger Effective Time resigned their
officerships, and (ii) each of Gautam Huded, Ethan Han and Priyanka Taneja was appointed as an officer of the Surviving Company to serve as its President, Secretary and Treasurer, respectively; provided, for the avoidance of doubt, that
Michael J. Escalante, Javier F. Bitar and Nina Momtazee Sitzer shall receive the severance payments and other benefits in accordance with their respective employment agreements, as described in the Company’s definitive proxy statement on Schedule
14A filed with the SEC on March 16, 2026.
| Item 5.03 |
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
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Amendment to the Governing Documents of the Surviving Company
At the Company Merger Effective Time, the declaration of trust of the Company that was in effect immediately prior to the Company Merger Effective Time
was amended and restated in its entirety in the form attached hereto as Exhibit 3.1 and became the declaration of trust of the Surviving Company. In addition, at the Company Merger Effective Time, the bylaws of the Company that were in effect
immediately prior to the Company Merger Effective Time were amended and restated in their entirety in the form attached hereto as Exhibit 3.2 and became the bylaws of the Surviving Company.
Conversion of the Surviving Company
On May 6, 2026, following the Company Merger Effective Time, the Surviving Company converted from a Maryland real estate investment trust to a Maryland corporation
(the “Company Conversion”, and the as-converted company, the “Converted Company”) with the name “Peakstone Realty Trust, Inc.”
and each trustee and officer of the Surviving Company as described in Item 5.02 became a member of the board of directors and an officer of the Converted Company.
Pursuant to the Company Conversion, the Articles of Incorporation in the form attached hereto as Exhibit 3.3 became the Articles of Incorporation of
the Converted Company, and the bylaws in the form attached hereto as Exhibit 3.4 became the bylaws of the Converted Company.
The information set forth in the Introductory Note and under Items 2.01 and 5.02 is incorporated herein by reference into this Item 5.03.
| Item 8.01 |
Other Events.
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On May 6, 2026, the Company and Brookfield Asset Management issued a press release announcing the closing of the Mergers. The full text of the press release is
attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information contained in Item 8.01 of this report, including the information in Exhibit 99.1 attached to this report, is furnished pursuant to Item 8.01 of Form
8-K and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Furthermore, the information in Item 8.01 of this report, including the
information in Exhibit 99.1 attached to this report, shall not be deemed to be incorporated by reference in the filings of the Registrant under the Securities Act of 1933, as amended.
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Financial Statements and Exhibits.
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(d) Exhibits:
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Exhibit
Number
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Description
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2.1*
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Agreement and Plan of Merger, dated as of February 2, 2026, by and among BSREP V Neon Pooling REIT L.P., BSREP V Neon Pooling Non-REIT L.P., BSREP V Brookfield Neon Sub L.P., Neon REIT Merger Sub LLC, Neon OP
Merger Sub LLC, Peakstone Realty Trust, and PKST OP, L.P., incorporated by reference to Exhibit 2.1 to the Registrant’s Form 8-K filed with the SEC on February 2, 2026.
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3.1
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Amended and Restated Declaration of Trust of the Surviving Company.
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3.2
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Third Amended and Restated Bylaws of the Surviving Company.
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3.3
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Articles of Incorporation of the Converted Company.
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3.4
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Bylaws of the Converted Company.
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99.1
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Press Release, dated May 6, 2026.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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* Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished to the
Securities and Exchange Commission upon request.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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PEAKSTONE REALTY TRUST, INC.
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(as successor-by-conversion to Peakstone Realty Trust)
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Date: May 6, 2026
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By:
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/s/ Gautam Huded
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Name:
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Gautam Huded
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Title:
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President
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Exhibit 99.1
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Brookfield Completes Acquisition of Peakstone Realty Trust
Acquisition strengthens Brookfield’s industrial real estate platform and deepens its exposure to the industrial outdoor storage sector
NEW YORK, May 6, 2026 – Brookfield Asset Management (NYSE: BAM, TSX: BAM)
(“Brookfield”) and Peakstone Realty Trust (NYSE: PKST) (“Peakstone” or the “Company”) today announced the completion of the acquisition of Peakstone by a Brookfield affiliate in an all-cash transaction.
The transaction values Peakstone at approximately $1.2 billion. Under the terms of the agreement, Peakstone shareholders received $21.00 per share in cash. Upon
completion of the transaction on May 6, 2026, Peakstone’s shares no longer trade on the New York Stock Exchange and Peakstone is now a privately held company.
Peakstone’s portfolio comprises over 70 industrial assets, including industrial outdoor storage (“IOS”) and traditional industrial properties. The acquisition
provides Brookfield with a scaled portfolio in a sector supported by durable demand drivers, limited institutional ownership, and increasing occupier need for well-located logistics infrastructure. These assets will be integrated into
Brookfield’s global logistics platform, which spans more than 160 million square feet across over 800 properties in 19 countries.
“The completion of this acquisition marks an important milestone in strengthening Brookfield’s industrial real estate platform and deepening our exposure to the
industrial outdoor storage sector,” said Lowell Baron, Chief Executive Officer of Brookfield Real Estate. “Peakstone’s management team assembled a premium portfolio that is strongly aligned with favorable long-term demand trends in logistics
and IOS, and we see meaningful opportunities to enhance value by applying Brookfield’s operating expertise and capital resources across the portfolio.”
Advisors
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC served as financial advisors to Brookfield, and Gibson, Dunn &
Crutcher LLP and Thompson Hine LLP served as legal counsel.
BofA Securities, Inc. served as Peakstone’s exclusive financial advisor and Latham & Watkins LLP, O’Melveny & Myers LLP and Hogan Lovells US LLP served as
legal counsel.
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under
management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a
range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.
We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.
For more information, please visit our website at www.bam.brookfield.com.
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Media:
Laura Montross
Email: laura.montross@brookfield.com
Tel: (508) 769 5942
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Investor Relations:
Jason Fooks
Email: jason.fooks@brookfield.com
Tel: (212) 417 2442
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Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements contained in this press release, including those that express a belief, expectation or intention, as
well as those that are not statements of historical fact, are forward-looking statements within the meaning of the federal securities laws and as such are based upon the Company’s current beliefs as to the outcome and timing of future events.
Forward-looking statements are generally identifiable by use of forward-looking terminology such as “approximately,” “anticipate,” “assume,” “believe,” “budget,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “future,”
“hypothetical,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will” or other similar words or expressions.
There can be no assurance that actual results of forward-looking statements, including but not limited to the consummation of the proposed
mergers, will be those anticipated by the Company. Forward-looking statements presented in this press release are based on management’s beliefs and assumptions made by, and information currently available to, management. Many factors, including
the following, could cause actual results to differ materially from the forward-looking statements set forth in this press release: the occurrence of any event, change or other circumstances that could give rise to the termination of the merger
agreement contemplating the Merger (the “Merger Agreement”); the outcome of any legal proceedings that have been or may be instituted against the Company and others following announcement of the Merger Agreement; the inability to complete the
proposed mergers due to the failure to satisfy the conditions to the mergers, including meeting the closing conditions more fully described in the Merger Agreement; risks that the proposed mergers disrupts current plans and operations of the
Company; potential difficulties in employee retention as a result of the proposed mergers; legislative, regulatory and economic developments; risks related to disruption of management’s attention from the Company’s ongoing business operations
due to the proposed mergers; the effect of the announcement of the proposed mergers on the Company’s relationships with tenants, operating results and business generally, changes in global, regional or local political, economic, business,
competitive, market, regulatory and other factors described in the Company’s news releases and filings with the SEC, including but not limited to those described in the Form 10-K under the heading “Risk Factors” and in the Company’s subsequent
reports filed with the SEC, many of which are beyond the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the Company’s assumptions prove to be incorrect, the Company’s actual results may vary
in material respects from what it may have expressed or implied by these forward-looking
statements. The Company cautions that you should not place undue reliance on any of its forward-looking statements. Any forward-looking
statement made by the Company in this press release speaks only as of the date hereof. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all
of them. The Company does not guarantee that the assumptions underlying such forward-looking statements contained in this press release are free from errors. The Company undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future developments or otherwise, except as may be required by applicable securities laws.
FAQ
What did Brookfield pay to acquire Peakstone Realty Trust (PKST)?
Brookfield acquired Peakstone Realty Trust in an all-cash transaction valuing the company at about $1.2 billion. Under the agreement, Peakstone shareholders received $21.00 per share in cash, with all common shares cancelled at closing and replaced solely by this cash payment.
Is Peakstone Realty Trust (PKST) still listed on the New York Stock Exchange?
Peakstone’s common shares no longer trade on the NYSE following the Brookfield acquisition. The company requested NYSE delisting and the filing of Form 25, and it plans to file Form 15 to terminate registration and suspend ongoing Exchange Act reporting obligations for its common shares.
Who controls Peakstone Realty Trust after the Brookfield acquisition?
After the mergers, Peakstone survived as an entity indirectly controlled by Brookfield. Parent parties became the sole common shareholders, the operating partnership became wholly owned by Parent and the surviving company, and new Brookfield-affiliated trustees and officers were installed to manage the converted Maryland corporation.
What happened to Peakstone executives and trustees after the merger with Brookfield?
At the merger effective time, all prior trustees and executive officers resigned from their roles. Brookfield-affiliated individuals Gautam Huded, Ethan Han, and Priyanka Taneja became trustees, and they were appointed as President, Secretary, and Treasurer, respectively, of the surviving and then converted company.
Did Peakstone issue any new securities in connection with the Brookfield transaction?
Yes. On May 6, 2026, after converting to a Maryland corporation, the company issued 125 shares of 12.0% Series A Redeemable Cumulative Preferred Stock for aggregate consideration of $125,000. This sale relied on exemptions under Section 4(a)(2) and Rule 506 of Regulation D.