Peakstone Realty Trust Acquires 51-Property Industrial Outdoor Storage Portfolio
Peakstone Realty Trust Common Shares (PKST)
Company Research
Source: Business Wire
Acquires Assets from Alterra IOS and J.P. Morgan Asset ManagementEstablishes Presence in High-Growth Industrial Outdoor Storage SectorProvides Significant Mark-to-Market Opportunity Over TimeComplements Existing Industrial PortfolioSchedules Transaction Webcast for Tuesday, November 5, 2024, at 8:30 AM EST EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (the "Company") (NYSE: PKST), a real estate investment trust focused on owning and operating industrial assets, announced today that the Company has acquired a portfolio of 51 industrial outdoor storage (“IOS”) properties from a joint venture between Alterra IOS, and institutional investors advised by J.P. Morgan Asset Management in an off-market transaction valued at $490 million. The acquisition was funded by a combination of proceeds from the Company’s credit facility and cash on hand.The 51-property infill portfolio comprises 45 operating assets and six redevelopment sites. These assets span a total of 440 usable acr
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PKST
News
- Peakstone Realty Trust (NYSE: PKST) had its price target raised by analysts at Truist Financial Co. from $13.00 to $15.00. They now have a "hold" rating on the stock.MarketBeat
- Peakstone Realty Trust Reports Third Quarter 2024 ResultsBusiness Wire
- Peakstone Realty Trust Announces Date for Third Quarter 2024 Earnings Release and WebcastBusiness Wire
PKST
Earnings
- 10/30/24 - Miss
PKST
Sec Filings
- 11/7/24 - Form 8-K/A
- 11/5/24 - Form 4
- 11/5/24 - Form 3
- PKST's page on the SEC website