---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-045133"
form_type: "8-K"
ticker: "PKST"
cik: "0001600626"
company_name: "Peakstone Realty Trust"
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:05:47.467233+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Peakstone Realty Trust acquires 51 IOS properties for $490M from Alterra/J.P. Morgan

## Summary
- Acquired 51 industrial outdoor storage properties on 440 usable acres across 14 states for $490M, funded via credit facility and cash.
- Operating portfolio (45 assets) is 99.6% leased with a weighted average lease term of 4.5 years and 47% investment-grade tenants.
- Company sees ~70% mark-to-market rent upside on operating assets and additional yield from 6 redevelopment sites.
- CEO states acquisition expands industrial footprint and aligns with strategy to shift portfolio toward industrial assets.
- Transaction was off-market; BofA Securities acted as exclusive financial advisor.

## SEC filing metadata
- accession: 0001140361-24-045133
- form_type: 8-K
- ticker: PKST
- cik: 0001600626
- company_name: Peakstone Realty Trust
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1600626/000114036124045133/0001140361-24-045133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1600626/000114036124045133/ef20038082_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-045133
- JSON: https://secwatch.observer/filing/0001140361-24-045133.json
- Plain text: https://secwatch.observer/filing/0001140361-24-045133.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.