Peakstone Realty Trust secures $175M term loan, appoints new CAO, closes $110M in mortgage loans

Peakstone Realty Trust

Entered $175M senior unsecured term loan (2027 Term Loan) maturing Oct 31, 2027, with one-year extension option, interest at SOFR+1.75% initially.
Total credit commitments increased to $1.082B, including $547M revolver, $150M 2026 TL, $210M 2025 TL, and $175M 2027 TL.
Appointed Cindy Mai as Chief Accounting Officer effective Nov 4, 2024; base salary $300K, bonus target up to 50%.
Closed three mortgage loans totaling $110.3M: Florida $49.6M (5.48%, 7.5yr), Georgia $37.7M (5.31%, 5yr), Illinois $23M (6.51%, 5yr).
Previous CAO Bryan Yamasawa to depart Nov 15, 2024; separation not due to accounting disagreements.

item 1.01 item 2.03 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Cindy (Qiyan) Mai

Chief Accounting Officer

PKST · Peakstone Realty Trust

Effective: 2024-11-04
Filed: November 4, 2024, 6:59 PM ET

On November 4, 2024, the Company appointed Cindy (Qiyan) Mai as the Company’s Chief Accounting Officer.

Departed

Bryan Yamasawa

Chief Accounting Officer

PKST · Peakstone Realty Trust

Effective: 2024-11-15
Successor: Cindy (Qiyan) Mai
Filed: November 4, 2024, 6:59 PM ET

Effective November 4, 2024, Bryan Yamasawa will cease serving as the Company’s Chief Accounting Officer but will remain an at-will employee to provide such transition and advisory services as requested by the Company through November 15, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Cindy (Qiyan) Mai was appointed as Chief Accounting Officer at Peakstone Realty Trust.

Action: appointed
Role: Chief Accounting Officer

Exact text from the filing

On November 4, 2024, the Company appointed Cindy (Qiyan) Mai as the Company’s Chief Accounting Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bryan Yamasawa departed as Chief Accounting Officer at Peakstone Realty Trust.

Action: cease serving
Role: Chief Accounting Officer

Exact text from the filing

Effective November 4, 2024, Bryan Yamasawa will cease serving as the Company’s Chief Accounting Officer but will remain an at-will employee to provide such transition and advisory services as requested by the Company through November 15, 2024

View on SEC.gov

Peakstone Realty Trust filing history →

Source: SEC EDGAR

accession 0001140361-24-045132

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