BSREP V Neon Pooling REIT L.P. /
Peakstone Realty Trust
Brookfield-linked buyer completes cash merger for Peakstone Realty Trust




Source for the buyer and target: Peakstone Realty Trust, Inc.
For the buyer and target.
“Agreement and Plan of Merger, dated as of February 2, 2026, by and among BSREP V Neon Pooling REIT L.P., BSREP V Neon Pooling Non-REIT L.P., BSREP V Brookfield Neon Sub L.P., Neon REIT Merger Sub LLC, Neon OP Merger Sub LLC, Peakstone Realty Trust, and PKST OP, L.P., incorporated by reference to Exhibit 2.1 to the Registrant’s Form 8-K filed with the SEC on February 2, 2026.”
Published 6 May 2026
Open the sourceWhat happened
On May 6, 2026, Peakstone Realty Trust finished the mergers set out in its Feb. 2, 2026 merger agreement with BSREP V Neon Pooling REIT L.P. and related Brookfield entities. Peakstone survived the merger and is now indirectly controlled by the buyer group. [01]
Each common share was converted into the right to receive $21.00 per share in cash, without interest. Operating partnership units were also cashed out on a similar basis. Trading of the shares on the New York Stock Exchange was to be suspended, and the company plans to deregister the stock. [01]
Peakstone's portfolio includes over 70 industrial assets, among them industrial outdoor storage and traditional industrial properties, which are to be folded into Brookfield's global logistics platform. [01]
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Brookfield-linked buyer completes cash merger for Peakstone Realty Trust
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Also stated
“Brookfield-linked buyer completes cash merger for Peakstone Realty Trust On May 6, 2026, Peakstone Realty Trust finished the mergers set out in its Feb. 2, 2026 merger agreement with BSREP V Neon Pooling REIT L.P. and…”
Open the sourceAlso stated
“Brookfield-linked buyer completes cash merger for Peakstone Realty Trust On May 6, 2026, Peakstone Realty Trust finished the mergers set out in its Feb. 2, 2026 merger agreement with BSREP V Neon Pooling REIT L.P. and…”
Open the source
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