Peakstone Realty Trust Acquires 51-Property Industrial Outdoor Storage Portfolio
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Peakstone Realty Trust (NYSE: PKST) has acquired a 51-property industrial outdoor storage portfolio for $490 million in an off-market transaction. The acquisition was funded by a combination of proceeds.
November 05, 2024 | 12:30 pm
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Peakstone Realty Trust has acquired a 51-property industrial outdoor storage portfolio for $490 million, enhancing its industrial asset holdings.
The acquisition of a large portfolio of industrial outdoor storage properties is likely to strengthen Peakstone Realty Trust's asset base and market position, potentially leading to positive investor sentiment and a short-term increase in stock price.
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