other material
confidence high
sentiment neutral
materiality 0.70
Griffin Realty Trust completes second phase of office property sale; $170.4M portfolio sold
Peakstone Realty Trust
- Sold majority interest in five-property portfolio (six buildings, ~1.1M sq ft) valued at ~$170.4M.
- Transaction was with an investment group led by Workspace Property Trust.
- Proceeds will be used to reduce debt and continue the strategic monetization plan.