Brookfield to acquire Peakstone Realty Trust for $21/share, $1.2B enterprise value

Peakstone Realty Trust

All-cash transaction at $21.00/share; 34% premium to Jan 30 close, 46%/51% premiums to 30/90-day VWAP.
Implied enterprise value ~$1.2B; deal unanimously approved by Peakstone Board.
Peakstone prohibited from regular quarterly dividends during pendency; may pay REIT-compliance dividends (none anticipated).
Go-shop period until March 4, 2026; termination fees: $16M (superior proposal w/ Excluded Party) or $34M (other); Parent fee $122M.
Committed financing from equity (Brookfield funds) and debt; specific performance not available for Parent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Peakstone Realty Trust entered into Agreement and Plan of Merger with BSREP V Neon Pooling REIT L.P., BSREP V Neon Pooling Non-REIT L.P. and BSREP V Brookfield Neon Sub L.P. (collectively, Parent); Neon REIT Merger Sub LLC; Neon OP Merger Sub LLC (effective 2026-02-02).

Action: entry
Agreement: merger
Counterparty: BSREP V Neon Pooling REIT L.P., BSREP V Neon Pooling Non-REIT L.P. and BSREP V Brookfield Neon Sub L.P. (collectively, Parent); Neon REIT Merger Sub LLC; Neon OP Merger Sub LLC
Effective: 2026-02-02

Exact text from the filing

Agreement and Plan of Merger On February 2, 2026, Peakstone Realty Trust, a Maryland real estate investment trust (the “ Company ”), 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 ”), BSREP V Neon Pooling REIT L.P., BSREP V Neon Pooling Non-REIT L.P.

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284 material agreements filed in the last 30 days. Browse all material agreements →

Peakstone Realty Trust filing history →

Source: SEC EDGAR

accession 0001140361-26-003102

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