secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0001140361-22-031972
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffin Realty Trust sells majority interest in $1.132B office portfolio, retains 49%
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- Sale of 41-property office portfolio (53 buildings) for $1.132B in cash to Galaxy REIT LLC and affiliate.
- GRT retains 49% interest via a joint venture with institutional buyer; managed by Workspace Property Trust affiliate.
- Net proceeds primarily used to repay debt; pro forma cash reduced from $202.7M to $235.5M after adjustments.
- Post-sale wholly owned portfolio: 80 properties, 21.6M sq ft, 95% occupancy, 7.1-year WALT, 77% office/23% industrial.
- Sale advances strategic monetization process with advisors Eastdil Secured, Goldman Sachs, and BofA Securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000114036122031972/0001140361-22-031972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000114036122031972/ny20005185x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-031972

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