Latham & Watkins Advises Peakstone Realty Trust in US$1.2 Billion Acquisition by Brookfield

Brookfield Asset Management (NYSE: BAM, TSX: BAM) (Brookfield) and Peakstone Realty Trust (NYSE: PKST) (Peakstone), an industrial real estate investment trust with a strategic focus on the industrial outdoor storage sector, have announced that they have entered into a definitive agreement in which a Brookfield private real estate fund would acquire all of the outstanding shares of Peakstone for US$21.00 per share in cash. The all-cash transaction represents an implied enterprise value of approximately US$1.2 billion. The transaction has been unanimously approved by the Peakstone Board and is expected to close by the end of the second quarter of 2026, subject to customary closing conditions, including approval by the company’s shareholders.

Latham & Watkins LLP represents Peakstone in the transaction with a corporate deal team led by Los Angeles/New York partners Julian Kleindorfer, Los Angeles partner Brad Helms, Orange County partner Darren Guttenberg, and Los Angeles/New York partner Lewis Kneib, with associates Abby Timmons, Danny Del Giorno, Ashley Campfield, and Rich Reynolds. Advice was also provided on finance matters by Los Angeles partner Jason Bosworth, with associate Jazmine Gordon; on capital markets matters by Los Angeles counsel Devon MacLaughlin and associates Eric Finkelberg and Dylan Shamoon; on antitrust matters by Bay Area partner Joshua Holian and New York partner Kyra Bromley, with associate Suhansi Perera; on intellectual property matters by Orange County counsel David Kuiper; on tax matters by Los Angeles partner Ana O'Brien; on regulatory matters by Washington, D.C./Los Angeles partner Paul Rosen, with associate Adam Schupack; and on employment and benefits matters by Los Angeles partner David Taub and Chicago counsel Laura Waller, with associate Aaron Tso.