Peakstone Realty Trust is going private. New York-based Brookfield Asset Management is set to purchase the El Segundo-based industrial real estate investment trust in a roughly $1.2 billion all-cash deal, the Los Angeles Business Journal reported. The companies announced the deal on Feb. 2. Brookfield will purchase all of Peakstone’s outstanding shares at $21 each, a 34 percent increase from the final closing price on Jan. 30 of $15.62. After the deal was announced, share prices jumped to roughly $20.79 and have remained just shy of $21 each since. Peakstone opted to sell to Brookfield after finding the asset management […]
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