Industrial Portfolio at the Center of the Deal
Peakstone operates as an industrial real estate investment trust focused on industrial outdoor storage, a niche that has gained traction as supply chains evolve and logistics networks stretch across continents.
The company’s portfolio spans 76 industrial properties. Of those, 60 are industrial outdoor storage assets and 16 are traditional industrial properties.
Last year, Peakstone completed the sale of all its office properties, effectively completing its pivot to become an industrial-only REIT. That transformation sharpened its focus — and appears to have heightened its appeal.
Lowell Baron, CEO of Brookfield’s real estate business, described the acquisition as a strategic expansion.
“This acquisition is an exciting opportunity to expand Brookfield’s industrial real estate platform with Peakstone’s high-quality and well-diversified portfolio, which will benefit from strong long-term fundamentals for the warehouse and industrial outdoor storage sectors,” Baron said.
