M&A
confidence high
sentiment neutral
materiality 0.80
Griffin Realty Trust sells majority interest in 41-property office portfolio valued at $1.132B
Peakstone Realty Trust
- Portfolio of 53 buildings + one land parcel valued at $1.132B; buyer is institutional with operating partner.
- Net proceeds used primarily to pay down debt to facilitate subsequent steps in strategic monetization.
- Remaining wholly owned portfolio: 80 properties, 21.6M RSF, 95% occupancy, WALT 7.1 yrs; 77% office, 23% industrial.
- Sale de-risks portfolio amid office sector pressure from work-from-home trends and capital market conditions.