secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2022-08-29T23:59:59+00:00
Accession:  0001600626-22-000083
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffin Realty Trust sells majority interest in 41-property office portfolio valued at $1.132B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000160062622000083/0001600626-22-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000160062622000083/gcnl-20220829.htm
  HTML page:      https://secwatch.observer/filing/0001600626-22-000083

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