---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-003102"
form_type: "8-K"
ticker: "PKST"
cik: "0001600626"
company_name: "Peakstone Realty Trust"
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:36:50.439706+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-26-003102
- form_type: 8-K
- ticker: PKST
- cik: 0001600626
- company_name: Peakstone Realty Trust
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1600626/000114036126003102/0001140361-26-003102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1600626/000114036126003102/ef20064511_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-003102
- JSON: https://secwatch.observer/filing/0001140361-26-003102.json
- Plain text: https://secwatch.observer/filing/0001140361-26-003102.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1600626/000114036126003102/0001140361-26-003102-index.htm

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